Metalogalva Belux: 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.
What changed
Metalogalva Belux
NACE 46.494, Wholesale of non-electrical household articles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€797,407
2024 · -€180,070+€977,477
Equity
€939,461
2024 · €786,683+€152,778
Cash
€111,869
2024 · €306,570-€194,702
Balance sheet total
€5.3m
2024 · €4.7m+€618,095
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+62.9%), from €2.1m to €3.3m
of which Other amounts receivable: +€905,375
- Stocks and contracts -€452,587
down €452,587 (-19.8%), from €2.3m to €1.8m
- Cash -€194,702
down €194,702 (-63.5%), from €306,570 to €111,869
mainly Receivables within one year (-€1.3m) and Trade debts (-€824,441)
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+87.0%), from €1.5m to €2.7m
- Trade debts -€824,441
down €824,441 (-41.3%), from €2.0m to €1.2m
- Profit (loss) carried forward +€152,778
up €152,778 (+21.4%), from €713,533 to €866,311
Income statement
- Gross operating margin +€1.3m
up €1.3m (+445%), from €280,699 to €1.5m
- Taxes +€216,858
up €216,858, from -€3,257 to €213,600
- Staff costs +€80,022
up €80,022 (+18.2%), from €439,500 to €519,522
- Provisions -€22,805
down €22,805, from €0 to -€22,805
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.
Result 2024
-€180,070
Gross operating margin
+€1.3m
Staff costs
-€80,022
Depreciation
+€2,929
Write-downs
+€895
Provisions
+€22,805
Other operating charges
+€2,682
Financial income
-€3,245
Financial charges
-€2,068
Taxes
-€216,858
Result 2025
€797,407
raises the resultlowers the result
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.
From operations
+€449,927
Investment
€0
Financing
-€644,629
Cash 2024
€306,570
From operations (derived)
+€449,927
Net result for the year
+€797,407
Depreciation
+€10,497
Stocks and contracts
+€452,587
Receivables within one year
-€1.3m
Deferred charges and accrued income
+€13,981
Provisions
-€22,805
Trade debts
-€824,441
Tax, wage and social debts
+€45,316
Advances received
-€4,061
Other debts
+€1.3m
Accrued charges and deferred income
+€4
Financing
-€644,629
Contributions, distributions and other
-€644,629
Cash 2025
€111,869
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,696,815 | €5,314,911 | +€618,095 | +13.2% |
| Fixed assets | 21/28 | €36,036 | €25,540 | -€10,497 | -29.1% |
| Intangible fixed assets | 21 | €37 | €3 | -€34 | -93.0% |
| Tangible fixed assets | 22/27 | €14,289 | €3,827 | -€10,462 | -73.2% |
| Plant, machinery and equipment | 23 | €13,907 | €3,827 | -€10,080 | -72.5% |
| Furniture and vehicles | 24 | €382 | €0 | -€382 | -100.0% |
| Financial fixed assets | 28 | €21,710 | €21,710 | = | 0.0% |
| Current assets | 29/58 | €4,660,779 | €5,289,371 | +€628,592 | +13.5% |
| Stocks and contracts in progress | 3 | €2,282,697 | €1,830,110 | -€452,587 | -19.8% |
| Stocks | 30/36 | €2,282,697 | €1,830,110 | -€452,587 | -19.8% |
| Amounts receivable within one year | 40/41 | €2,050,927 | €3,340,788 | +€1.3m | +62.9% |
| Trade receivables | 40 | €1,867,391 | €2,251,877 | +€384,486 | +20.6% |
| Other amounts receivable | 41 | €183,536 | €1,088,911 | +€905,375 | +493% |
| Cash at bank and in hand | 54/58 | €306,570 | €111,869 | -€194,702 | -63.5% |
| Deferred charges and accrued income | 490/1 | €20,585 | €6,605 | -€13,981 | -67.9% |
| Total equity and liabilities | 10/49 | €4,696,815 | €5,314,911 | +€618,095 | +13.2% |
| Equity | 10/15 | €786,683 | €939,461 | +€152,778 | +19.4% |
| Contributions | 10/11 | €66,500 | €66,500 | = | 0.0% |
| Capital | 10 | €66,500 | €66,500 | = | 0.0% |
| Issued capital | 100 | €66,500 | €66,500 | = | 0.0% |
| Reserves | 13 | €6,650 | €6,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,650 | €6,650 | = | 0.0% |
| Legal reserve | 130 | €6,650 | €6,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €713,533 | €866,311 | +€152,778 | +21.4% |
| Provisions and deferred taxes | 16 | €33,547 | €10,741 | -€22,805 | -68.0% |
| Provisions for liabilities and charges | 160/5 | €33,547 | €10,741 | -€22,805 | -68.0% |
| Pensions and similar obligations | 160 | €8,547 | €10,741 | +€2,195 | +25.7% |
| Other liabilities and charges | 164/5 | €25,000 | €0 | -€25,000 | -100% |
| Amounts payable | 17/49 | €3,876,586 | €4,364,709 | +€488,123 | +12.6% |
| Amounts payable within one year | 42/48 | €3,866,966 | €4,355,085 | +€488,119 | +12.6% |
| Trade debts | 44 | €1,995,757 | €1,171,316 | -€824,441 | -41.3% |
| Suppliers | 440/4 | €1,995,757 | €1,171,316 | -€824,441 | -41.3% |
| Advances received on contracts in progress | 46 | €93,561 | €89,500 | -€4,061 | -4.3% |
| Taxes, remuneration and social security | 45 | €315,694 | €361,011 | +€45,316 | +14.4% |
| Taxes | 450/3 | €169,321 | €180,625 | +€11,304 | +6.7% |
| Remuneration and social security | 454/9 | €146,373 | €180,385 | +€34,012 | +23.2% |
| Other amounts payable | 47/48 | €1,461,955 | €2,733,259 | +€1.3m | +87.0% |
| Accrued charges and deferred income | 492/3 | €9,620 | €9,624 | +€4 | 0.0% |
| Non-recurring operating income | 76A | - | €16,554 | +€16,554 | |
| Remuneration, social security and pensions | 62 | €439,500 | €519,522 | +€80,022 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,425 | €10,497 | -€2,929 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€895 | -€895 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€22,805 | -€22,805 | |
| Other operating charges | 640/8 | €8,498 | €5,816 | -€2,682 | -31.6% |
| Gross operating margin | 9900 | €280,699 | €1,531,059 | +€1.3m | +445% |
| Operating profit (loss) | 9901 | -€180,724 | €1,018,924 | +€1.2m | |
| Financial income | 75/76B | €3,245 | €0 | -€3,245 | -100.0% |
| Recurring financial income | 75 | €3,245 | €0 | -€3,245 | -100.0% |
| Financial charges | 65/66B | €5,849 | €7,917 | +€2,068 | +35.4% |
| Recurring financial charges | 65 | €5,849 | €7,917 | +€2,068 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€183,328 | €1,011,007 | +€1.2m | |
| Income taxes | 67/77 | -€3,257 | €213,600 | +€216,858 | |
| Profit (loss) for the period | 9904 | -€180,070 | €797,407 | +€977,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€180,070 | €797,407 | +€977,477 |
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 30 October 2026 via checked.be.