Metali: 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.
Metali
Largest movements
- Receivables within one year +€47,570
up €47,570 (+122.0%), from €38,993 to €86,564
of which Trade receivables: +€49,566
- Tangible fixed assets +€20,906
new in 2025: €20,906
of which Plant, machinery and equipment: +€14,872
- Stocks and contracts -€6,683
down €6,683 (-19.4%), from €34,518 to €27,835
of which Contracts in progress: -€14,110
- Cash +€5,487
up €5,487 (+80.1%), from €6,853 to €12,340
mainly Debts after one year (+€28,763) and Net result for the year (+€18,341)
- Debts after one year +€28,763
new in 2025: €28,763
- Profit (loss) carried forward +€18,341
up €18,341 (+45.9%), from €39,954 to €58,295
- Short-term financial debts +€14,735
up €14,735 (+317.3%), from €4,644 to €19,379
- Current portion of long-term debt +€8,845
new in 2025: €8,845
- Trade debts -€5,609
down €5,609 (-34.6%), from €16,233 to €10,624
- Purchases and services -€51,265
down €51,265 (-35.4%), from €144,865 to €93,599
- Gross operating margin +€24,078
up €24,078 (+161.8%), from €14,880 to €38,958
- Taxes +€10,497
new in 2025: €10,497
- Financial charges +€4,140
up €4,140 (+732.2%), from €565 to €4,705
- Depreciation +€3,686
new in 2025: €3,686
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,905 | €147,699 | +€66,794 | +82.6% |
| Fixed assets | 21/28 | - | €20,906 | +€20,906 | |
| Tangible fixed assets | 22/27 | - | €20,906 | +€20,906 | |
| Plant, machinery and equipment | 23 | - | €14,872 | +€14,872 | |
| Furniture and vehicles | 24 | - | €6,034 | +€6,034 | |
| Current assets | 29/58 | €80,905 | €126,794 | +€45,889 | +56.7% |
| Stocks and contracts in progress | 3 | €34,518 | €27,835 | -€6,683 | -19.4% |
| Stocks | 30/36 | €4,518 | €11,945 | +€7,427 | +164.4% |
| Contracts in progress | 37 | €30,000 | €15,890 | -€14,110 | -47.0% |
| Amounts receivable within one year | 40/41 | €38,993 | €86,564 | +€47,570 | +122.0% |
| Trade receivables | 40 | €27,507 | €77,073 | +€49,566 | +180.2% |
| Other amounts receivable | 41 | €11,486 | €9,491 | -€1,995 | -17.4% |
| Cash at bank and in hand | 54/58 | €6,853 | €12,340 | +€5,487 | +80.1% |
| Deferred charges and accrued income | 490/1 | €541 | €55 | -€486 | -89.9% |
| Total equity and liabilities | 10/49 | €80,905 | €147,699 | +€66,794 | +82.6% |
| Equity | 10/15 | €60,028 | €78,369 | +€18,341 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,474 | €1,474 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,474 | €1,474 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,474 | €1,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,954 | €58,295 | +€18,341 | +45.9% |
| Amounts payable | 17/49 | €20,878 | €69,331 | +€48,453 | +232.1% |
| Amounts payable after more than one year | 17 | - | €28,763 | +€28,763 | |
| Financial debts | 170/4 | - | €28,763 | +€28,763 | |
| Amounts payable within one year | 42/48 | €20,878 | €40,568 | +€19,691 | +94.3% |
| Current portion of amounts payable after more than one year | 42 | - | €8,845 | +€8,845 | |
| Financial debts | 43 | €4,644 | €19,379 | +€14,735 | +317.3% |
| Credit institutions | 430/8 | €4,644 | €19,379 | +€14,735 | +317.3% |
| Trade debts | 44 | €16,233 | €10,624 | -€5,609 | -34.6% |
| Suppliers | 440/4 | €16,233 | €10,624 | -€5,609 | -34.6% |
| Taxes, remuneration and social security | 45 | - | €1,720 | +€1,720 | |
| Remuneration and social security | 454/9 | - | €1,720 | +€1,720 | |
| Goods, raw materials, services and sundry goods | 60/61 | €144,865 | €93,599 | -€51,265 | -35.4% |
| Remuneration, social security and pensions | 62 | €1,526 | €143 | -€1,384 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,686 | +€3,686 | |
| Other operating charges | 640/8 | €1,632 | €1,587 | -€45 | -2.8% |
| Gross operating margin | 9900 | €14,880 | €38,958 | +€24,078 | +161.8% |
| Operating profit (loss) | 9901 | €11,722 | €33,543 | +€21,820 | +186.1% |
| Financial income | 75/76B | €74 | €0 | -€74 | -99.6% |
| Recurring financial income | 75 | €74 | €0 | -€74 | -99.6% |
| Financial charges | 65/66B | €565 | €4,705 | +€4,140 | +732.2% |
| Recurring financial charges | 65 | €565 | €4,705 | +€4,140 | +732.2% |
| Profit (loss) for the period before taxes | 9903 | €11,231 | €28,838 | +€17,607 | +156.8% |
| Income taxes | 67/77 | - | €10,497 | +€10,497 | |
| Profit (loss) for the period | 9904 | €11,231 | €18,341 | +€7,110 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,231 | €18,341 | +€7,110 | +63.3% |
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 8 October 2026 via checked.be.