METALMORPHOSA: 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.
METALMORPHOSA
Largest movements
- Tangible fixed assets +€42,950
new in 2025: €42,950
of which Land and buildings: +€34,755
- Cash +€7,284
up €7,284 (+29.8%), from €24,481 to €31,765
mainly Net result for the year (+€79,135) and Tax, wage and social debts (+€8,468)
- Reserves +€79,135
up €79,135 (+20.9%), from €378,265 to €457,401
of which Distributable reserves: +€80,990
- Other debts -€22,861
no longer reported in 2025 (was €22,861)
- Trade debts -€12,264
down €12,264 (-47.0%), from €26,105 to €13,841
- Tax, wage and social debts +€8,468
new in 2025: €8,468
of which Taxes: +€4,467
- Gross operating margin +€72,611
up €72,611 (+186.5%), from €38,943 to €111,553
- Taxes +€14,438
up €14,438 (+123.7%), from €11,668 to €26,106
- Depreciation +€6,116
new in 2025: €6,116
- Financial income -€3,348
down €3,348 (-99.6%), from €3,360 to €12
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 | €445,782 | €498,260 | +€52,478 | +11.8% |
| Fixed assets | 21/28 | - | €45,616 | +€45,616 | |
| Intangible fixed assets | 21 | - | €2,667 | +€2,667 | |
| Tangible fixed assets | 22/27 | - | €42,950 | +€42,950 | |
| Land and buildings | 22 | - | €34,755 | +€34,755 | |
| Plant, machinery and equipment | 23 | - | €8,195 | +€8,195 | |
| Current assets | 29/58 | €445,782 | €452,643 | +€6,862 | +1.5% |
| Amounts receivable within one year | 40/41 | €20,226 | €20,058 | -€169 | -0.8% |
| Trade receivables | 40 | €3,073 | €13,371 | +€10,298 | +335.1% |
| Other amounts receivable | 41 | €17,153 | €6,687 | -€10,467 | -61.0% |
| Current investments | 50/53 | €400,820 | €400,820 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,481 | €31,765 | +€7,284 | +29.8% |
| Deferred charges and accrued income | 490/1 | €254 | - | -€254 | |
| Total equity and liabilities | 10/49 | €445,782 | €498,260 | +€52,478 | +11.8% |
| Equity | 10/15 | €396,815 | €475,951 | +€79,135 | +19.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €378,265 | €457,401 | +€79,135 | +20.9% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | €5,935 | €5,935 | = | 0.0% |
| Distributable reserves | 133 | €370,475 | €451,466 | +€80,990 | +21.9% |
| Amounts payable | 17/49 | €48,966 | €22,309 | -€26,658 | -54.4% |
| Amounts payable within one year | 42/48 | €48,966 | €22,309 | -€26,658 | -54.4% |
| Trade debts | 44 | €26,105 | €13,841 | -€12,264 | -47.0% |
| Suppliers | 440/4 | €26,105 | €13,841 | -€12,264 | -47.0% |
| Taxes, remuneration and social security | 45 | - | €8,468 | +€8,468 | |
| Taxes | 450/3 | - | €4,467 | +€4,467 | |
| Remuneration and social security | 454/9 | - | €4,001 | +€4,001 | |
| Other amounts payable | 47/48 | €22,861 | - | -€22,861 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,116 | +€6,116 | |
| Other operating charges | 640/8 | - | €58 | +€58 | |
| Gross operating margin | 9900 | €38,943 | €111,553 | +€72,611 | +186.5% |
| Operating profit (loss) | 9901 | €38,943 | €105,380 | +€66,437 | +170.6% |
| Financial income | 75/76B | €3,360 | €12 | -€3,348 | -99.6% |
| Recurring financial income | 75 | €3,360 | €12 | -€3,348 | -99.6% |
| Financial charges | 65/66B | €74 | €150 | +€77 | +104.1% |
| Recurring financial charges | 65 | €74 | €150 | +€77 | +104.1% |
| Profit (loss) for the period before taxes | 9903 | €42,229 | €105,242 | +€63,013 | +149.2% |
| Income taxes | 67/77 | €11,668 | €26,106 | +€14,438 | +123.7% |
| Profit (loss) for the period | 9904 | €30,561 | €79,135 | +€48,574 | +158.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,561 | €79,135 | +€48,574 | +158.9% |
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.