METALEM: 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.
METALEM
Largest movements
- Receivables within one year -€44,783
down €44,783 (-47.9%), from €93,409 to €48,626
of which Trade receivables: -€41,009
- Cash +€29,416
up €29,416 (+253%), from €11,649 to €41,065
mainly Receivables within one year (+€44,783) and Net result for the year (+€28,229)
- Tangible fixed assets +€14,914
up €14,914 (+42.8%), from €34,880 to €49,794
of which Furniture and vehicles: +€16,653
- Profit (loss) carried forward +€28,229
up €28,229, from -€16,862 to €11,367
- Tax, wage and social debts -€14,702
down €14,702 (-73.4%), from €20,034 to €5,332
of which Remuneration and social security: -€11,358
- Trade debts -€13,547
down €13,547 (-92.3%), from €14,673 to €1,126
- Staff costs -€42,180
down €42,180 (-38.6%), from €109,253 to €67,073
- Taxes +€4,687
up €4,687 (+1,497%), from €313 to €5,000
- Gross operating margin +€3,864
up €3,864 (+3.5%), from €109,169 to €113,033
- Depreciation +€2,604
up €2,604 (+105%), from €2,472 to €5,076
- Financial charges -€1,539
down €1,539 (-46.1%), from €3,337 to €1,798
of which Non-recurring financial charges: -€1,525
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 | €148,610 | €149,165 | +€555 | +0.4% |
| Fixed assets | 21/28 | €35,248 | €50,162 | +€14,914 | +42.3% |
| Tangible fixed assets | 22/27 | €34,880 | €49,794 | +€14,914 | +42.8% |
| Land and buildings | 22 | €30,804 | €29,850 | -€954 | -3.1% |
| Plant, machinery and equipment | 23 | €1,576 | €791 | -€785 | -49.8% |
| Furniture and vehicles | 24 | €2,500 | €19,153 | +€16,653 | +666% |
| Financial fixed assets | 28 | €368 | €368 | = | 0.0% |
| Current assets | 29/58 | €113,362 | €99,003 | -€14,359 | -12.7% |
| Stocks and contracts in progress | 3 | €6,800 | €7,800 | +€1,000 | +14.7% |
| Contracts in progress | 37 | €6,800 | €7,800 | +€1,000 | +14.7% |
| Amounts receivable within one year | 40/41 | €93,409 | €48,626 | -€44,783 | -47.9% |
| Trade receivables | 40 | €87,604 | €46,595 | -€41,009 | -46.8% |
| Other amounts receivable | 41 | €5,805 | €2,031 | -€3,774 | -65.0% |
| Cash at bank and in hand | 54/58 | €11,649 | €41,065 | +€29,416 | +253% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,512 | +€8 | +0.5% |
| Total equity and liabilities | 10/49 | €148,610 | €149,165 | +€555 | +0.4% |
| Equity | 10/15 | €113,903 | €142,132 | +€28,229 | +24.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €110,305 | €110,305 | = | 0.0% |
| Distributable reserves | 133 | €110,305 | €110,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,862 | €11,367 | +€28,229 | |
| Amounts payable | 17/49 | €34,707 | €7,033 | -€27,674 | -79.7% |
| Amounts payable within one year | 42/48 | €34,707 | €7,033 | -€27,674 | -79.7% |
| Trade debts | 44 | €14,673 | €1,126 | -€13,547 | -92.3% |
| Suppliers | 440/4 | €14,673 | €1,126 | -€13,547 | -92.3% |
| Taxes, remuneration and social security | 45 | €20,034 | €5,332 | -€14,702 | -73.4% |
| Taxes | 450/3 | €3,541 | €197 | -€3,344 | -94.4% |
| Remuneration and social security | 454/9 | €16,493 | €5,135 | -€11,358 | -68.9% |
| Other amounts payable | 47/48 | - | €575 | +€575 | |
| Remuneration, social security and pensions | 62 | €109,253 | €67,073 | -€42,180 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €5,076 | +€2,604 | +105% |
| Other operating charges | 640/8 | €5,664 | €5,473 | -€191 | -3.4% |
| Non-recurring operating charges | 66A | €521 | €384 | -€137 | -26.3% |
| Gross operating margin | 9900 | €109,169 | €113,033 | +€3,864 | +3.5% |
| Operating profit (loss) | 9901 | -€8,741 | €35,027 | +€43,768 | |
| Financial charges | 65/66B | €3,337 | €1,798 | -€1,539 | -46.1% |
| Recurring financial charges | 65 | €1,812 | €1,798 | -€14 | -0.8% |
| Non-recurring financial charges | 66B | €1,525 | - | -€1,525 | |
| Profit (loss) for the period before taxes | 9903 | -€12,078 | €33,229 | +€45,307 | |
| Income taxes | 67/77 | €313 | €5,000 | +€4,687 | +1,497% |
| Profit (loss) for the period | 9904 | -€12,391 | €28,229 | +€40,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,391 | €28,229 | +€40,620 |
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 15 October 2026 via checked.be.