METALFORM: 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.
METALFORM
Largest movements
- Receivables within one year +€27,180
up €27,180 (+32.2%), from €84,292 to €111,472
of which Trade receivables: +€28,211
- Profit (loss) carried forward +€16,002
up €16,002 (+2.7%), from -€595,692 to -€579,691
- Other debts +€8,991
up €8,991 (+2.8%), from €323,797 to €332,788
- Trade debts +€4,989
up €4,989 (+670%), from €745 to €5,734
- Advances received -€3,330
down €3,330 (-100%), from €3,330 to €0
- Gross operating margin +€16,828
up €16,828 (+2,955%), from €570 to €17,398
- Financial charges +€820
up €820 (+2,369%), from €35 to €854
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 | €121,810 | €149,034 | +€27,224 | +22.3% |
| Current assets | 29/58 | €121,810 | €149,034 | +€27,224 | +22.3% |
| Stocks and contracts in progress | 3 | €37,496 | €37,496 | = | 0.0% |
| Stocks | 30/36 | €37,496 | €37,496 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,292 | €111,472 | +€27,180 | +32.2% |
| Trade receivables | 40 | €82,501 | €110,712 | +€28,211 | +34.2% |
| Other amounts receivable | 41 | €1,791 | €760 | -€1,030 | -57.5% |
| Cash at bank and in hand | 54/58 | €22 | €66 | +€44 | +198% |
| Total equity and liabilities | 10/49 | €121,810 | €149,034 | +€27,224 | +22.3% |
| Equity | 10/15 | -€268,035 | -€252,033 | +€16,002 | +6.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €27,657 | €27,657 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,110 | €3,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,110 | €3,110 | = | 0.0% |
| Distributable reserves | 133 | €24,548 | €24,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€595,692 | -€579,691 | +€16,002 | +2.7% |
| Amounts payable | 17/49 | €389,845 | €401,067 | +€11,222 | +2.9% |
| Amounts payable after more than one year | 17 | €61,973 | €61,973 | = | 0.0% |
| Financial debts | 170/4 | €61,973 | €61,973 | = | 0.0% |
| Amounts payable within one year | 42/48 | €327,872 | €339,094 | +€11,222 | +3.4% |
| Trade debts | 44 | €745 | €5,734 | +€4,989 | +670% |
| Suppliers | 440/4 | €745 | €5,734 | +€4,989 | +670% |
| Advances received on contracts in progress | 46 | €3,330 | €0 | -€3,330 | -100% |
| Taxes, remuneration and social security | 45 | - | €572 | +€572 | |
| Taxes | 450/3 | - | €572 | +€572 | |
| Other amounts payable | 47/48 | €323,797 | €332,788 | +€8,991 | +2.8% |
| Other operating charges | 640/8 | €505 | €585 | +€80 | +15.8% |
| Gross operating margin | 9900 | €570 | €17,398 | +€16,828 | +2,955% |
| Operating profit (loss) | 9901 | €64 | €16,813 | +€16,748 | +26,080% |
| Financial income | 75/76B | €0 | €43 | +€43 | |
| Recurring financial income | 75 | €0 | €43 | +€43 | |
| Financial charges | 65/66B | €35 | €854 | +€820 | +2,369% |
| Recurring financial charges | 65 | €35 | €854 | +€820 | +2,369% |
| Profit (loss) for the period before taxes | 9903 | €30 | €16,002 | +€15,972 | +53,905% |
| Profit (loss) for the period | 9904 | €30 | €16,002 | +€15,972 | +53,905% |
| Profit (loss) for the period to be appropriated | 9905 | €30 | €16,002 | +€15,972 | +53,905% |
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.