Metallink: 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.
Metallink
Largest movements
- Cash -€111,769
down €111,769 (-37.7%), from €296,809 to €185,040
mainly Tax, wage and social debts (-€118,643) and Receivables within one year (-€100,938)
- Receivables within one year +€100,938
up €100,938 (+38.9%), from €259,780 to €360,718
of which Trade receivables: +€100,654
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Tangible fixed assets -€28,824
down €28,824 (-10.1%), from €285,324 to €256,500
of which Plant, machinery and equipment: -€30,464
- Stocks and contracts +€23,638
up €23,638 (+38.3%), from €61,691 to €85,330
- Tax, wage and social debts -€118,643
down €118,643 (-82.4%), from €144,025 to €25,383
of which Taxes: -€111,571
- Other debts +€41,144
up €41,144 (+9.6%), from €429,497 to €470,641
- Trade debts +€28,513
up €28,513 (+33.8%), from €84,264 to €112,777
- Profit (loss) carried forward -€26,919
down €26,919 (-20.1%), from €134,120 to €107,201
- Gross operating margin -€33,145
down €33,145 (-8.0%), from €412,250 to €379,105
- Other operating charges +€13,667
up €13,667 (+75.7%), from €18,055 to €31,722
- Staff costs -€10,472
down €10,472 (-3.5%), from €300,043 to €289,571
- Depreciation -€6,979
down €6,979 (-8.2%), from €85,193 to €78,214
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €995,759 | €905,986 | -€89,773 | -9.0% |
| Fixed assets | 21/28 | €290,859 | €263,168 | -€27,691 | -9.5% |
| Intangible fixed assets | 21 | €5,535 | €6,668 | +€1,133 | +20.5% |
| Tangible fixed assets | 22/27 | €285,324 | €256,500 | -€28,824 | -10.1% |
| Land and buildings | 22 | €62,950 | €52,458 | -€10,492 | -16.7% |
| Plant, machinery and equipment | 23 | €137,061 | €106,597 | -€30,464 | -22.2% |
| Furniture and vehicles | 24 | €40,013 | €30,431 | -€9,582 | -23.9% |
| Leasing and similar rights | 25 | €45,299 | €43,159 | -€2,140 | -4.7% |
| Assets under construction and advance payments | 27 | - | €23,855 | +€23,855 | |
| Current assets | 29/58 | €704,900 | €642,818 | -€62,083 | -8.8% |
| Stocks and contracts in progress | 3 | €61,691 | €85,330 | +€23,638 | +38.3% |
| Stocks | 30/36 | €61,691 | €85,330 | +€23,638 | +38.3% |
| Amounts receivable within one year | 40/41 | €259,780 | €360,718 | +€100,938 | +38.9% |
| Trade receivables | 40 | €201,379 | €302,032 | +€100,654 | +50.0% |
| Other amounts receivable | 41 | €58,401 | €58,686 | +€284 | +0.5% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €296,809 | €185,040 | -€111,769 | -37.7% |
| Deferred charges and accrued income | 490/1 | €11,620 | €11,730 | +€110 | +0.9% |
| Total equity and liabilities | 10/49 | €995,759 | €905,986 | -€89,773 | -9.0% |
| Equity | 10/15 | €308,293 | €281,374 | -€26,919 | -8.7% |
| Contributions | 10/11 | €44,433 | €44,433 | = | 0.0% |
| Reserves | 13 | €129,740 | €129,740 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,214 | €14,214 | = | 0.0% |
| Distributable reserves | 133 | €115,526 | €115,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,120 | €107,201 | -€26,919 | -20.1% |
| Amounts payable | 17/49 | €687,466 | €624,611 | -€62,855 | -9.1% |
| Amounts payable after more than one year | 17 | €9,925 | €535 | -€9,390 | -94.6% |
| Financial debts | 170/4 | €9,925 | €535 | -€9,390 | -94.6% |
| Amounts payable within one year | 42/48 | €671,436 | €618,190 | -€53,247 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €13,650 | €9,390 | -€4,261 | -31.2% |
| Trade debts | 44 | €84,264 | €112,777 | +€28,513 | +33.8% |
| Suppliers | 440/4 | €84,264 | €112,777 | +€28,513 | +33.8% |
| Taxes, remuneration and social security | 45 | €144,025 | €25,383 | -€118,643 | -82.4% |
| Taxes | 450/3 | €111,571 | €0 | -€111,571 | -100% |
| Remuneration and social security | 454/9 | €32,454 | €25,383 | -€7,071 | -21.8% |
| Other amounts payable | 47/48 | €429,497 | €470,641 | +€41,144 | +9.6% |
| Accrued charges and deferred income | 492/3 | €6,105 | €5,887 | -€219 | -3.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €300,043 | €289,571 | -€10,472 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,193 | €78,214 | -€6,979 | -8.2% |
| Other operating charges | 640/8 | €18,055 | €31,722 | +€13,667 | +75.7% |
| Gross operating margin | 9900 | €412,250 | €379,105 | -€33,145 | -8.0% |
| Operating profit (loss) | 9901 | €8,959 | -€20,402 | -€29,361 | |
| Financial income | 75/76B | €5,073 | €3,534 | -€1,539 | -30.3% |
| Recurring financial income | 75 | €5,073 | €3,534 | -€1,539 | -30.3% |
| Financial charges | 65/66B | €10,713 | €9,848 | -€865 | -8.1% |
| Recurring financial charges | 65 | €10,713 | €9,848 | -€865 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €3,319 | -€26,716 | -€30,035 | |
| Income taxes | 67/77 | €3,280 | €203 | -€3,077 | -93.8% |
| Profit (loss) for the period | 9904 | €40 | -€26,919 | -€26,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €40 | -€26,919 | -€26,958 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.