MetalNath: 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.
MetalNath
Largest movements
- Receivables within one year -€2,970
down €2,970 (-3.5%), from €83,918 to €80,948
of which Trade receivables: -€6,496
- Tangible fixed assets +€1,590
up €1,590 (+3.4%), from €46,757 to €48,347
of which Plant, machinery and equipment: +€14,447
- Profit (loss) carried forward -€36,469
down €36,469 (-63.5%), from €57,431 to €20,962
- Debts after one year +€17,621
up €17,621 (+51.1%), from €34,474 to €52,095
- Current portion of long-term debt +€14,182
up €14,182 (+141%), from €10,045 to €24,227
- Tax, wage and social debts +€2,791
up €2,791 (+74.7%), from €3,734 to €6,524
of which Taxes: +€4,474
- Turnover -€63,497
down €63,497 (-56.7%), from €111,968 to €48,472
- Gross operating margin -€53,282
down €53,282, from €37,599 to -€15,684
- Purchases and services -€8,788
down €8,788 (-11.2%), from €78,196 to €69,408
- Financial charges +€6,231
up €6,231 (+205%), from €3,042 to €9,273
of which Non-recurring financial charges: +€6,056
- Taxes -€4,818
no longer reported in 2025 (was €4,818)
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 | €131,976 | €129,295 | -€2,681 | -2.0% |
| Fixed assets | 21/28 | €46,757 | €48,347 | +€1,590 | +3.4% |
| Tangible fixed assets | 22/27 | €46,757 | €48,347 | +€1,590 | +3.4% |
| Plant, machinery and equipment | 23 | - | €14,447 | +€14,447 | |
| Furniture and vehicles | 24 | €46,757 | €33,900 | -€12,857 | -27.5% |
| Current assets | 29/58 | €85,218 | €80,948 | -€4,271 | -5.0% |
| Amounts receivable within one year | 40/41 | €83,918 | €80,948 | -€2,970 | -3.5% |
| Trade receivables | 40 | €9,607 | €3,112 | -€6,496 | -67.6% |
| Other amounts receivable | 41 | €74,310 | €77,836 | +€3,526 | +4.7% |
| Cash at bank and in hand | 54/58 | €1,300 | €0 | -€1,300 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €131,976 | €129,295 | -€2,681 | -2.0% |
| Equity | 10/15 | €82,431 | €45,962 | -€36,469 | -44.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,431 | €20,962 | -€36,469 | -63.5% |
| Amounts payable | 17/49 | €49,545 | €83,333 | +€33,788 | +68.2% |
| Amounts payable after more than one year | 17 | €34,474 | €52,095 | +€17,621 | +51.1% |
| Financial debts | 170/4 | €34,474 | €52,095 | +€17,621 | +51.1% |
| Amounts payable within one year | 42/48 | €15,071 | €31,239 | +€16,168 | +107% |
| Current portion of amounts payable after more than one year | 42 | €10,045 | €24,227 | +€14,182 | +141% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €1,293 | €459 | -€834 | -64.5% |
| Suppliers | 440/4 | €1,293 | €459 | -€834 | -64.5% |
| Taxes, remuneration and social security | 45 | €3,734 | €6,524 | +€2,791 | +74.7% |
| Taxes | 450/3 | €873 | €5,348 | +€4,474 | +512% |
| Remuneration and social security | 454/9 | €2,860 | €1,176 | -€1,684 | -58.9% |
| Turnover | 70 | €111,968 | €48,472 | -€63,497 | -56.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,196 | €69,408 | -€8,788 | -11.2% |
| Remuneration, social security and pensions | 62 | €3,625 | €957 | -€2,668 | -73.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,303 | €10,194 | +€3,892 | +61.7% |
| Other operating charges | 640/8 | €340 | €361 | +€21 | +6.2% |
| Gross operating margin | 9900 | €37,599 | -€15,684 | -€53,282 | |
| Operating profit (loss) | 9901 | €27,331 | -€27,196 | -€54,528 | |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.2% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.2% |
| Financial charges | 65/66B | €3,042 | €9,273 | +€6,231 | +205% |
| Recurring financial charges | 65 | €3,042 | €3,217 | +€175 | +5.8% |
| Non-recurring financial charges | 66B | - | €6,056 | +€6,056 | |
| Profit (loss) for the period before taxes | 9903 | €24,313 | -€36,469 | -€60,781 | |
| Income taxes | 67/77 | €4,818 | - | -€4,818 | |
| Profit (loss) for the period | 9904 | €19,494 | -€36,469 | -€55,963 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,494 | -€36,469 | -€55,963 |
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 20 October 2026 via checked.be.