METALCOATING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
METALCOATING
NACE 25.530, Machining of metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€386,311
2024 · €528,882-€142,571
Equity
€1.4m
2024 · €988,780+€386,311
Cash
€301,530
2024 · €256,583+€44,947
Balance sheet total
€6.0m
2024 · €7.0m-€1.0m
Largest movements
Assets
- Receivables within one year -€932,822
down €932,822 (-38.8%), from €2.4m to €1.5m
of which Other amounts receivable: -€1.1m
- Tangible fixed assets -€212,283
down €212,283 (-5.2%), from €4.1m to €3.9m
of which Land and buildings: -€190,206
- Stocks and contracts +€82,608
up €82,608 (+44.3%), from €186,672 to €269,280
of which Stocks: +€94,365
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-80.3%), from €1.4m to €266,326
- Reserves +€386,311
up €386,311 (+46.3%), from €833,847 to €1.2m
of which Distributable reserves: +€386,311
- Debts after one year -€377,384
down €377,384 (-13.3%), from €2.8m to €2.5m
of which Financial debts: -€377,384
- Tax, wage and social debts +€313,275
up €313,275 (+171.3%), from €182,858 to €496,133
of which Remuneration and social security: +€307,125
- Short-term financial debts -€142,973
down €142,973 (-28.8%), from €496,563 to €353,590
Income statement
- Turnover +€550,892
up €550,892 (+7.5%), from €7.4m to €7.9m
- Services and other goods +€369,660
up €369,660 (+20.1%), from €1.8m to €2.2m
- Staff costs +€298,200
up €298,200 (+8.6%), from €3.5m to €3.8m
- Goods and materials +€148,886
up €148,886 (+15.0%), from €993,734 to €1.1m
of which Purchases: +€256,461
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€528,882
Turnover
+€550,892
Other operating income
+€18,364
Goods and materials
-€148,886
Services and other goods
-€369,660
Staff costs
-€298,200
Depreciation
+€12,276
Write-downs
-€6,159
Other operating charges
+€9,042
Other operating items
-€9,352
Financial income
+€15,715
Financial charges
+€44,899
Taxes
+€38,499
Result 2025
€386,311
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€666,211
Investment
-€111,781
Financing
-€509,482
Cash 2024
€256,583
From operations (derived)
+€666,211
Net result for the year
+€386,311
Depreciation
+€331,565
Stocks and contracts
-€82,608
Receivables within one year
+€932,822
Deferred charges and accrued income
+€3,891
Trade debts
-€132,668
Tax, wage and social debts
+€313,275
Other debts
-€1.1m
Investment (derived)
-€111,781
Investment in fixed assets (net)
-€111,781
Financing
-€509,482
Debts after one year
-€377,384
Current portion of long-term debt
+€10,874
Short-term financial debts
-€142,973
Cash 2025
€301,530
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,003,992 | €5,975,051 | -€1.0m | -14.7% |
| Fixed assets | 21/28 | €4,119,425 | €3,899,642 | -€219,783 | -5.3% |
| Tangible fixed assets | 22/27 | €4,107,998 | €3,895,715 | -€212,283 | -5.2% |
| Land and buildings | 22 | €3,701,045 | €3,510,839 | -€190,206 | -5.1% |
| Plant, machinery and equipment | 23 | €260,110 | €288,571 | +€28,460 | +10.9% |
| Furniture and vehicles | 24 | €146,843 | €96,305 | -€50,538 | -34.4% |
| Financial fixed assets | 28 | €11,427 | €3,927 | -€7,500 | -65.6% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €11,427 | €3,927 | -€7,500 | -65.6% |
| Amounts receivable and cash guarantees | 285/8 | €11,427 | €3,927 | -€7,500 | -65.6% |
| Current assets | 29/58 | €2,884,567 | €2,075,410 | -€809,157 | -28.1% |
| Stocks and contracts in progress | 3 | €186,672 | €269,280 | +€82,608 | +44.3% |
| Stocks | 30/36 | €174,915 | €269,280 | +€94,365 | +53.9% |
| Raw materials and consumables | 30/31 | €174,915 | €269,280 | +€94,365 | +53.9% |
| Contracts in progress | 37 | €11,757 | €0 | -€11,757 | -100.0% |
| Amounts receivable within one year | 40/41 | €2,406,004 | €1,473,182 | -€932,822 | -38.8% |
| Trade receivables | 40 | €1,316,605 | €1,465,092 | +€148,487 | +11.3% |
| Other amounts receivable | 41 | €1,089,399 | €8,090 | -€1.1m | -99.3% |
| Cash at bank and in hand | 54/58 | €256,583 | €301,530 | +€44,947 | +17.5% |
| Deferred charges and accrued income | 490/1 | €35,309 | €31,418 | -€3,891 | -11.0% |
| Total equity and liabilities | 10/49 | €7,003,992 | €5,975,051 | -€1.0m | -14.7% |
| Equity | 10/15 | €988,780 | €1,375,091 | +€386,311 | +39.1% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €833,847 | €1,220,158 | +€386,311 | +46.3% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Legal reserve | 130 | €15,493 | €15,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,750 | €23,750 | = | 0.0% |
| Distributable reserves | 133 | €794,603 | €1,180,914 | +€386,311 | +48.6% |
| Amounts payable | 17/49 | €6,015,212 | €4,599,960 | -€1.4m | -23.5% |
| Amounts payable after more than one year | 17 | €2,845,492 | €2,468,109 | -€377,384 | -13.3% |
| Financial debts | 170/4 | €2,845,492 | €2,468,109 | -€377,384 | -13.3% |
| Credit institutions | 173 | €2,845,492 | €2,468,109 | -€377,384 | -13.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,169,719 | €2,131,851 | -€1.0m | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €363,935 | €374,809 | +€10,874 | +3.0% |
| Financial debts | 43 | €496,563 | €353,590 | -€142,973 | -28.8% |
| Credit institutions | 430/8 | €496,563 | €353,590 | -€142,973 | -28.8% |
| Trade debts | 44 | €773,663 | €640,994 | -€132,668 | -17.1% |
| Suppliers | 440/4 | €773,663 | €640,994 | -€132,668 | -17.1% |
| Taxes, remuneration and social security | 45 | €182,858 | €496,133 | +€313,275 | +171.3% |
| Taxes | 450/3 | €80,371 | €86,520 | +€6,149 | +7.7% |
| Remuneration and social security | 454/9 | €102,487 | €409,612 | +€307,125 | +299.7% |
| Other amounts payable | 47/48 | €1,352,701 | €266,326 | -€1.1m | -80.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €7,599,608 | €8,159,511 | +€559,904 | +7.4% |
| Turnover | 70 | €7,388,428 | €7,939,320 | +€550,892 | +7.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€397 | -€11,757 | -€11,360 | -2859.7% |
| Other operating income | 74 | €209,278 | €227,642 | +€18,364 | +8.8% |
| Non-recurring operating income | 76A | €2,299 | €4,307 | +€2,008 | +87.3% |
| Operating charges | 60/66A | €6,712,388 | €7,513,975 | +€801,587 | +11.9% |
| Goods for resale, raw materials and consumables | 60 | €993,734 | €1,142,621 | +€148,886 | +15.0% |
| Purchases | 600/8 | €980,524 | €1,236,985 | +€256,461 | +26.2% |
| Change in stocks: decrease (increase) | 609 | €13,210 | -€94,365 | -€107,575 | |
| Services and other goods | 61 | €1,841,595 | €2,211,255 | +€369,660 | +20.1% |
| Remuneration, social security and pensions | 62 | €3,457,132 | €3,755,333 | +€298,200 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,841 | €331,565 | -€12,276 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €997 | €7,155 | +€6,159 | +618.0% |
| Other operating charges | 640/8 | €75,088 | €66,046 | -€9,042 | -12.0% |
| Operating profit (loss) | 9901 | €887,220 | €645,536 | -€241,684 | -27.2% |
| Financial income | 75/76B | €3,124 | €18,839 | +€15,715 | +503.1% |
| Recurring financial income | 75 | €3,124 | €18,839 | +€15,715 | +503.1% |
| Income from current assets | 751 | - | €8,458 | +€8,458 | |
| Other financial income | 752/9 | €3,124 | €10,380 | +€7,257 | +232.3% |
| Financial charges | 65/66B | €160,277 | €115,378 | -€44,899 | -28.0% |
| Recurring financial charges | 65 | €160,277 | €115,378 | -€44,899 | -28.0% |
| Debt charges | 650 | €144,256 | €97,659 | -€46,597 | -32.3% |
| Other financial charges | 652/9 | €16,022 | €17,719 | +€1,697 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €730,066 | €548,997 | -€181,069 | -24.8% |
| Income taxes | 67/77 | €201,184 | €162,686 | -€38,499 | -19.1% |
| Taxes | 670/3 | €201,184 | €162,686 | -€38,499 | -19.1% |
| Profit (loss) for the period | 9904 | €528,882 | €386,311 | -€142,571 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €528,882 | €386,311 | -€142,571 | -27.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.