METALLON: 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.
METALLON
Largest movements
- Receivables within one year +€254,292
up €254,292 (+47.4%), from €536,220 to €790,512
of which Trade receivables: +€187,025
- Tangible fixed assets +€150,732
up €150,732 (+47.1%), from €320,364 to €471,096
of which Land and buildings: +€126,813
- Intangible fixed assets -€87,640
down €87,640 (-11.0%), from €797,420 to €709,780
- Cash +€52,408
up €52,408 (+434%), from €12,075 to €64,482
mainly Trade debts (+€201,931) and Depreciation (+€166,830)
- Stocks and contracts -€32,785
down €32,785 (-18.3%), from €178,846 to €146,060
- Trade debts +€201,931
up €201,931 (+117%), from €173,118 to €375,049
- Reserves +€162,111
up €162,111 (+74.2%), from €218,356 to €380,467
of which Distributable reserves: +€162,111
- Debts after one year -€33,993
down €33,993 (-3.0%), from €1.1m to €1.1m
- Taxes -€37,580
down €37,580 (-64.4%), from €58,388 to €20,808
- Gross operating margin -€29,111
down €29,111 (-2.5%), from €1.1m to €1.1m
- Staff costs -€26,951
down €26,951 (-3.7%), from €731,088 to €704,137
- Depreciation +€16,972
up €16,972 (+11.3%), from €149,858 to €166,830
- Financial charges +€12,999
up €12,999 (+34.4%), from €37,783 to €50,783
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 | €1,859,779 | €2,182,344 | +€322,565 | +17.3% |
| Fixed assets | 21/28 | €1,118,033 | €1,181,126 | +€63,092 | +5.6% |
| Intangible fixed assets | 21 | €797,420 | €709,780 | -€87,640 | -11.0% |
| Tangible fixed assets | 22/27 | €320,364 | €471,096 | +€150,732 | +47.1% |
| Land and buildings | 22 | €163,195 | €290,008 | +€126,813 | +77.7% |
| Plant, machinery and equipment | 23 | €112,090 | €116,134 | +€4,044 | +3.6% |
| Furniture and vehicles | 24 | €45,078 | €64,953 | +€19,875 | +44.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €741,745 | €1,001,218 | +€259,472 | +35.0% |
| Stocks and contracts in progress | 3 | €178,846 | €146,060 | -€32,785 | -18.3% |
| Stocks | 30/36 | €178,846 | €146,060 | -€32,785 | -18.3% |
| Amounts receivable within one year | 40/41 | €536,220 | €790,512 | +€254,292 | +47.4% |
| Trade receivables | 40 | €533,454 | €720,479 | +€187,025 | +35.1% |
| Other amounts receivable | 41 | €2,766 | €70,033 | +€67,267 | +2,432% |
| Cash at bank and in hand | 54/58 | €12,075 | €64,482 | +€52,408 | +434% |
| Deferred charges and accrued income | 490/1 | €14,606 | €164 | -€14,442 | -98.9% |
| Total equity and liabilities | 10/49 | €1,859,779 | €2,182,344 | +€322,565 | +17.3% |
| Equity | 10/15 | €367,356 | €529,467 | +€162,111 | +44.1% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €218,356 | €380,467 | +€162,111 | +74.2% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €202,465 | €364,576 | +€162,111 | +80.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,492,423 | €1,652,876 | +€160,454 | +10.8% |
| Amounts payable after more than one year | 17 | €1,123,906 | €1,089,913 | -€33,993 | -3.0% |
| Financial debts | 170/4 | €1,123,906 | €1,089,913 | -€33,993 | -3.0% |
| Amounts payable within one year | 42/48 | €368,517 | €562,964 | +€194,447 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €117,980 | €114,387 | -€3,593 | -3.0% |
| Trade debts | 44 | €173,118 | €375,049 | +€201,931 | +117% |
| Suppliers | 440/4 | €173,118 | €375,049 | +€201,931 | +117% |
| Taxes, remuneration and social security | 45 | €77,419 | €73,528 | -€3,892 | -5.0% |
| Taxes | 450/3 | €10,173 | €0 | -€10,173 | -100% |
| Remuneration and social security | 454/9 | €67,246 | €73,528 | +€6,282 | +9.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €14,634 | €405 | -€14,229 | -97.2% |
| Remuneration, social security and pensions | 62 | €731,088 | €704,137 | -€26,951 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,858 | €166,830 | +€16,972 | +11.3% |
| Other operating charges | 640/8 | €9,513 | €9,387 | -€126 | -1.3% |
| Gross operating margin | 9900 | €1,142,940 | €1,113,828 | -€29,111 | -2.5% |
| Operating profit (loss) | 9901 | €252,480 | €233,473 | -€19,007 | -7.5% |
| Financial income | 75/76B | €525 | €229 | -€296 | -56.4% |
| Recurring financial income | 75 | €525 | €229 | -€296 | -56.4% |
| Financial charges | 65/66B | €37,783 | €50,783 | +€12,999 | +34.4% |
| Recurring financial charges | 65 | €37,783 | €50,783 | +€12,999 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | €215,222 | €182,920 | -€32,302 | -15.0% |
| Income taxes | 67/77 | €58,388 | €20,808 | -€37,580 | -64.4% |
| Profit (loss) for the period | 9904 | €156,833 | €162,111 | +€5,278 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €156,833 | €162,111 | +€5,278 | +3.4% |
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 19 October 2026 via checked.be.