METALFUTS: what changed
Two fiscal 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
METALFUTS
NACE 25.910, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,470
2024 · €32,204+€23,266
Equity
€4.6m
2024 · €4.6m+€8,466
Cash
€453,886
2024 · €718,355-€264,469
Balance sheet total
€7.8m
2024 · €9.2m-€1.4m
Largest movements
Assets
- Receivables within one year -€746,913
down €746,913 (-43.7%), from €1.7m to €960,683
of which Trade receivables: -€795,446
- Tangible fixed assets -€359,405
down €359,405 (-12.4%), from €2.9m to €2.5m
of which Plant, machinery and equipment: -€390,391
- Cash -€264,469
down €264,469 (-36.8%), from €718,355 to €453,886
mainly Short-term financial debts (-€945,000) and Debts after one year (-€292,357)
Equity and liabilities
- Short-term financial debts -€945,000
down €945,000 (-100.0%), from €945,000 to €0
- Debts after one year -€292,357
down €292,357 (-13.1%), from €2.2m to €1.9m
- Trade debts -€162,479
down €162,479 (-16.9%), from €959,805 to €797,326
Income statement
- Depreciation -€43,186
down €43,186 (-6.2%), from €701,892 to €658,706
- Staff costs -€25,673
down €25,673 (-2.1%), from €1.2m to €1.2m
- Financial charges -€21,504
down €21,504 (-20.1%), from €107,188 to €85,684
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
€32,204
Gross operating margin
+€9,700
Staff costs
+€25,673
Depreciation
+€43,186
Other operating charges
-€298
Other operating items
-€53,984
Financial income
-€7,934
Financial charges
+€21,504
Taxes
-€14,581
Result 2025
€55,470
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
+€1.3m
Investment
-€270,304
Financing
-€1.3m
Cash 2024
€718,355
From operations (derived)
+€1.3m
Net result for the year
+€55,470
Depreciation
+€658,706
Stocks and contracts
-€8,305
Receivables within one year
+€746,913
Smaller working-capital items
+€105
Trade debts
-€162,479
Other debts
+€6,815
Accrued charges and deferred income
-€12,705
Investment (derived)
-€270,304
Investment in fixed assets (net)
-€270,304
Financing
-€1.3m
Debts after one year
-€292,357
Current portion of long-term debt
+€5,677
Short-term financial debts
-€945,000
Contributions, distributions and other
-€47,004
Cash 2025
€453,886
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,192,593 | €7,800,969 | -€1.4m | -15.1% |
| Formation expenses | 20 | €79,711 | €50,714 | -€28,997 | -36.4% |
| Fixed assets | 21/28 | €3,037,964 | €2,678,559 | -€359,405 | -11.8% |
| Tangible fixed assets | 22/27 | €2,895,209 | €2,535,804 | -€359,405 | -12.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €2,775,562 | €2,385,171 | -€390,391 | -14.1% |
| Furniture and vehicles | 24 | €119,647 | €150,633 | +€30,986 | +25.9% |
| Financial fixed assets | 28 | €142,755 | €142,755 | = | 0.0% |
| Current assets | 29/58 | €6,074,917 | €5,071,696 | -€1.0m | -16.5% |
| Stocks and contracts in progress | 3 | €3,644,605 | €3,652,910 | +€8,305 | +0.2% |
| Stocks | 30/36 | €3,644,605 | €3,652,910 | +€8,305 | +0.2% |
| Amounts receivable within one year | 40/41 | €1,707,596 | €960,683 | -€746,913 | -43.7% |
| Trade receivables | 40 | €1,615,204 | €819,758 | -€795,446 | -49.2% |
| Other amounts receivable | 41 | €92,392 | €140,925 | +€48,533 | +52.5% |
| Cash at bank and in hand | 54/58 | €718,355 | €453,886 | -€264,469 | -36.8% |
| Deferred charges and accrued income | 490/1 | €4,362 | €4,216 | -€145 | -3.3% |
| Total equity and liabilities | 10/49 | €9,192,593 | €7,800,969 | -€1.4m | -15.1% |
| Equity | 10/15 | €4,594,843 | €4,603,309 | +€8,466 | +0.2% |
| Contributions | 10/11 | €107,500 | €107,500 | = | 0.0% |
| Capital | 10 | €107,500 | €107,500 | = | 0.0% |
| Issued capital | 100 | €107,500 | €107,500 | = | 0.0% |
| Reserves | 13 | €4,389,000 | €4,419,000 | +€30,000 | +0.7% |
| Non-distributable reserves | 130/1 | €10,750 | €10,750 | = | 0.0% |
| Legal reserve | 130 | €10,750 | €10,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €4,322,000 | €4,352,000 | +€30,000 | +0.7% |
| Profit (loss) carried forward | 14 | €2,857 | €3,327 | +€470 | +16.5% |
| Investment grants | 15 | €95,486 | €73,482 | -€22,004 | -23.0% |
| Amounts payable | 17/49 | €4,597,750 | €3,197,660 | -€1.4m | -30.5% |
| Amounts payable after more than one year | 17 | €2,230,256 | €1,937,899 | -€292,357 | -13.1% |
| Financial debts | 170/4 | €2,230,256 | €1,937,899 | -€292,357 | -13.1% |
| Amounts payable within one year | 42/48 | €2,344,601 | €1,249,573 | -€1.1m | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €286,680 | €292,357 | +€5,677 | +2.0% |
| Financial debts | 43 | €945,000 | €0 | -€945,000 | -100.0% |
| Credit institutions | 430/8 | €945,000 | €0 | -€945,000 | -100.0% |
| Trade debts | 44 | €959,805 | €797,326 | -€162,479 | -16.9% |
| Suppliers | 440/4 | €959,805 | €797,326 | -€162,479 | -16.9% |
| Taxes, remuneration and social security | 45 | €134,931 | €134,890 | -€41 | 0.0% |
| Taxes | 450/3 | €23,076 | €22,891 | -€185 | -0.8% |
| Remuneration and social security | 454/9 | €111,855 | €111,999 | +€145 | +0.1% |
| Other amounts payable | 47/48 | €18,185 | €25,000 | +€6,815 | +37.5% |
| Accrued charges and deferred income | 492/3 | €22,893 | €10,187 | -€12,705 | -55.5% |
| Remuneration, social security and pensions | 62 | €1,228,536 | €1,202,863 | -€25,673 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €701,892 | €658,706 | -€43,186 | -6.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €39,091 | €39,389 | +€298 | +0.8% |
| Operating charges capitalised as restructuring costs | 649 | -€53,984 | - | +€53,984 | |
| Gross operating margin | 9900 | €2,026,564 | €2,036,265 | +€9,700 | +0.5% |
| Operating profit (loss) | 9901 | €111,029 | €135,306 | +€24,277 | +21.9% |
| Financial income | 75/76B | €38,054 | €30,120 | -€7,934 | -20.8% |
| Recurring financial income | 75 | €38,054 | €30,120 | -€7,934 | -20.8% |
| Financial charges | 65/66B | €107,188 | €85,684 | -€21,504 | -20.1% |
| Recurring financial charges | 65 | €107,188 | €85,684 | -€21,504 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €41,895 | €79,742 | +€37,847 | +90.3% |
| Income taxes | 67/77 | €9,690 | €24,271 | +€14,581 | +150.5% |
| Profit (loss) for the period | 9904 | €32,204 | €55,470 | +€23,266 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,204 | €55,470 | +€23,266 | +72.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.