MetalCore: 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.
MetalCore
Largest movements
- Cash +€32,348
up €32,348 (+5.4%), from €599,828 to €632,176
mainly Net result for the year (+€160,260) and Tax, wage and social debts (+€18,148)
- Tangible fixed assets -€11,656
down €11,656 (-10.5%), from €111,191 to €99,536
- Tax, wage and social debts +€18,148
up €18,148 (+358%), from €5,076 to €23,224
of which Taxes: +€18,148
- Gross operating margin +€133,613
up €133,613 (+124%), from €107,719 to €241,332
- Taxes +€42,468
up €42,468 (+165%), from €25,680 to €68,148
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €798,323 | €813,949 | +€15,626 | +2.0% |
| Fixed assets | 21/28 | €111,191 | €99,536 | -€11,656 | -10.5% |
| Tangible fixed assets | 22/27 | €111,191 | €99,536 | -€11,656 | -10.5% |
| Land and buildings | 22 | €111,191 | €99,536 | -€11,656 | -10.5% |
| Current assets | 29/58 | €687,132 | €714,414 | +€27,282 | +4.0% |
| Amounts receivable within one year | 40/41 | €86,296 | €81,204 | -€5,093 | -5.9% |
| Trade receivables | 40 | €1,859 | €1,092 | -€766 | -41.2% |
| Other amounts receivable | 41 | €84,438 | €80,112 | -€4,326 | -5.1% |
| Cash at bank and in hand | 54/58 | €599,828 | €632,176 | +€32,348 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,007 | €1,034 | +€27 | +2.7% |
| Total equity and liabilities | 10/49 | €798,323 | €813,949 | +€15,626 | +2.0% |
| Equity | 10/15 | €777,073 | €774,333 | -€2,740 | -0.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €766,279 | €763,529 | -€2,750 | -0.4% |
| Distributable reserves | 133 | €766,279 | €763,529 | -€2,750 | -0.4% |
| Profit (loss) carried forward | 14 | €4,597 | €4,607 | +€10 | +0.2% |
| Amounts payable | 17/49 | €21,250 | €39,616 | +€18,366 | +86.4% |
| Amounts payable within one year | 42/48 | €21,250 | €39,616 | +€18,366 | +86.4% |
| Trade debts | 44 | €6 | €6 | = | 0.0% |
| Suppliers | 440/4 | €6 | €6 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,076 | €23,224 | +€18,148 | +358% |
| Taxes | 450/3 | - | €18,148 | +€18,148 | |
| Remuneration and social security | 454/9 | €5,076 | €5,076 | = | 0.0% |
| Other amounts payable | 47/48 | €16,168 | €16,386 | +€218 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,656 | €11,656 | = | 0.0% |
| Other operating charges | 640/8 | €1,789 | €1,118 | -€671 | -37.5% |
| Gross operating margin | 9900 | €107,719 | €241,332 | +€133,613 | +124% |
| Operating profit (loss) | 9901 | €94,274 | €228,558 | +€134,284 | +142% |
| Financial charges | 65/66B | €165 | €150 | -€15 | -9.1% |
| Recurring financial charges | 65 | €165 | €150 | -€15 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €94,109 | €228,408 | +€134,299 | +143% |
| Income taxes | 67/77 | €25,680 | €68,148 | +€42,468 | +165% |
| Profit (loss) for the period | 9904 | €68,429 | €160,260 | +€91,831 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €68,429 | €160,260 | +€91,831 | +134% |
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 26 October 2026 via checked.be.