Metalnova: 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.
Metalnova
Largest movements
- Tangible fixed assets -€18,099
down €18,099 (-100%), from €18,099 to €0
- Intangible fixed assets +€16,849
new in 2025: €16,849
- Cash +€12,642
up €12,642 (+961%), from €1,316 to €13,958
mainly Advances received (+€26,525) and Depreciation (+€1,346)
- Receivables within one year +€7,130
up €7,130 (+30.9%), from €23,083 to €30,213
of which Trade receivables: +€25,421
- Advances received +€26,525
new in 2025: €26,525
- Debts after one year -€5,934
down €5,934 (-39.5%), from €15,029 to €9,095
- Trade debts -€1,982
down €1,982 (-87.6%), from €2,262 to €280
- Other debts -€1,403
down €1,403 (-84.9%), from €1,652 to €249
- Write-downs +€6,713
new in 2025: €6,713
- Depreciation -€4,687
down €4,687 (-77.7%), from €6,033 to €1,346
- Gross operating margin +€4,335
up €4,335 (+60.1%), from €7,208 to €11,543
- Financial charges +€1,373
up €1,373 (+205%), from €669 to €2,042
- Other operating charges +€493
up €493 (+140%), from €351 to €844
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 | €42,498 | €61,020 | +€18,522 | +43.6% |
| Fixed assets | 21/28 | €18,099 | €16,849 | -€1,250 | -6.9% |
| Intangible fixed assets | 21 | - | €16,849 | +€16,849 | |
| Tangible fixed assets | 22/27 | €18,099 | €0 | -€18,099 | -100% |
| Furniture and vehicles | 24 | €18,099 | €0 | -€18,099 | -100% |
| Current assets | 29/58 | €24,399 | €44,170 | +€19,772 | +81.0% |
| Amounts receivable within one year | 40/41 | €23,083 | €30,213 | +€7,130 | +30.9% |
| Trade receivables | 40 | €4,792 | €30,213 | +€25,421 | +531% |
| Other amounts receivable | 41 | €18,291 | €0 | -€18,291 | -100% |
| Cash at bank and in hand | 54/58 | €1,316 | €13,958 | +€12,642 | +961% |
| Total equity and liabilities | 10/49 | €42,498 | €61,020 | +€18,522 | +43.6% |
| Equity | 10/15 | €15,914 | €16,253 | +€339 | +2.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Contributions outside capital | 11 | €12,000 | - | -€12,000 | |
| Other | 1109/19 | €12,000 | - | -€12,000 | |
| Profit (loss) carried forward | 14 | €3,914 | €4,253 | +€339 | +8.7% |
| Amounts payable | 17/49 | €26,584 | €44,766 | +€18,183 | +68.4% |
| Amounts payable after more than one year | 17 | €15,029 | €9,095 | -€5,934 | -39.5% |
| Financial debts | 170/4 | €15,029 | €9,095 | -€5,934 | -39.5% |
| Amounts payable within one year | 42/48 | €11,555 | €35,671 | +€24,116 | +209% |
| Current portion of amounts payable after more than one year | 42 | €7,491 | €8,052 | +€561 | +7.5% |
| Trade debts | 44 | €2,262 | €280 | -€1,982 | -87.6% |
| Suppliers | 440/4 | €2,262 | €280 | -€1,982 | -87.6% |
| Advances received on contracts in progress | 46 | - | €26,525 | +€26,525 | |
| Taxes, remuneration and social security | 45 | €150 | €566 | +€415 | +276% |
| Taxes | 450/3 | €150 | €566 | +€415 | +276% |
| Other amounts payable | 47/48 | €1,652 | €249 | -€1,403 | -84.9% |
| Non-recurring operating income | 76A | - | €3,822 | +€3,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,033 | €1,346 | -€4,687 | -77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,713 | +€6,713 | |
| Other operating charges | 640/8 | €351 | €844 | +€493 | +140% |
| Gross operating margin | 9900 | €7,208 | €11,543 | +€4,335 | +60.1% |
| Operating profit (loss) | 9901 | €824 | €2,640 | +€1,817 | +221% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €669 | €2,042 | +€1,373 | +205% |
| Recurring financial charges | 65 | €669 | €2,042 | +€1,373 | +205% |
| Profit (loss) for the period before taxes | 9903 | €155 | €601 | +€447 | +289% |
| Income taxes | 67/77 | €150 | €262 | +€112 | +74.5% |
| Profit (loss) for the period | 9904 | €4 | €339 | +€335 | +7,877% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €339 | +€335 | +7,877% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.