METALPROJECTS: 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.
METALPROJECTS
Largest movements
- Receivables within one year +€523,539
up €523,539 (+48.9%), from €1.1m to €1.6m
of which Other amounts receivable: +€421,243
- Cash -€327,975
down €327,975 (-47.2%), from €694,647 to €366,672
mainly Receivables within one year (-€523,539) and Contributions, distributions and other (-€439,450)
- Stocks and contracts -€111,370
down €111,370 (-19.1%), from €584,321 to €472,951
of which Contracts in progress: -€85,693
- Other debts +€239,450
up €239,450 (+119.7%), from €200,000 to €439,450
- Tax, wage and social debts -€110,431
down €110,431 (-30.0%), from €368,153 to €257,722
of which Taxes: -€98,860
- Trade debts -€29,160
down €29,160 (-8.7%), from €334,551 to €305,391
- Gross operating margin +€691,018
up €691,018 (+39.6%), from €1.7m to €2.4m
- Staff costs +€244,200
up €244,200 (+15.9%), from €1.5m to €1.8m
- Taxes +€70,555
up €70,555 (+295.9%), from €23,841 to €94,396
- Other operating charges +€24,433
up €24,433 (+84.9%), from €28,787 to €53,220
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 | €2,782,204 | €2,896,526 | +€114,322 | +4.1% |
| Fixed assets | 21/28 | €429,009 | €435,162 | +€6,153 | +1.4% |
| Tangible fixed assets | 22/27 | €426,209 | €431,912 | +€5,703 | +1.3% |
| Plant, machinery and equipment | 23 | €293,263 | €283,363 | -€9,900 | -3.4% |
| Furniture and vehicles | 24 | €132,946 | €109,432 | -€23,514 | -17.7% |
| Other tangible fixed assets | 26 | - | €39,117 | +€39,117 | |
| Financial fixed assets | 28 | €2,800 | €3,250 | +€450 | +16.1% |
| Current assets | 29/58 | €2,353,195 | €2,461,364 | +€108,169 | +4.6% |
| Stocks and contracts in progress | 3 | €584,321 | €472,951 | -€111,370 | -19.1% |
| Stocks | 30/36 | €234,589 | €208,913 | -€25,677 | -10.9% |
| Contracts in progress | 37 | €349,732 | €264,038 | -€85,693 | -24.5% |
| Amounts receivable within one year | 40/41 | €1,070,676 | €1,594,215 | +€523,539 | +48.9% |
| Trade receivables | 40 | €709,752 | €812,048 | +€102,296 | +14.4% |
| Other amounts receivable | 41 | €360,925 | €782,167 | +€421,243 | +116.7% |
| Cash at bank and in hand | 54/58 | €694,647 | €366,672 | -€327,975 | -47.2% |
| Deferred charges and accrued income | 490/1 | €3,550 | €27,525 | +€23,975 | +675.3% |
| Total equity and liabilities | 10/49 | €2,782,204 | €2,896,526 | +€114,322 | +4.1% |
| Equity | 10/15 | €1,761,237 | €1,761,253 | +€16 | 0.0% |
| Contributions | 10/11 | €103,893 | €103,893 | = | 0.0% |
| Capital | 10 | €103,893 | €103,893 | = | 0.0% |
| Issued capital | 100 | €103,893 | €103,893 | = | 0.0% |
| Reserves | 13 | €1,657,344 | €1,657,360 | +€16 | 0.0% |
| Non-distributable reserves | 130/1 | €10,389 | €10,389 | = | 0.0% |
| Legal reserve | 130 | €10,389 | €10,389 | = | 0.0% |
| Distributable reserves | 133 | €1,646,954 | €1,646,971 | +€16 | 0.0% |
| Amounts payable | 17/49 | €1,020,967 | €1,135,272 | +€114,305 | +11.2% |
| Amounts payable within one year | 42/48 | €1,018,038 | €1,135,272 | +€117,235 | +11.5% |
| Financial debts | 43 | €115,333 | €132,710 | +€17,376 | +15.1% |
| Credit institutions | 430/8 | €115,333 | €132,710 | +€17,376 | +15.1% |
| Trade debts | 44 | €334,551 | €305,391 | -€29,160 | -8.7% |
| Suppliers | 440/4 | €334,551 | €305,391 | -€29,160 | -8.7% |
| Taxes, remuneration and social security | 45 | €368,153 | €257,722 | -€110,431 | -30.0% |
| Taxes | 450/3 | €115,546 | €16,686 | -€98,860 | -85.6% |
| Remuneration and social security | 454/9 | €252,607 | €241,036 | -€11,571 | -4.6% |
| Other amounts payable | 47/48 | €200,000 | €439,450 | +€239,450 | +119.7% |
| Accrued charges and deferred income | 492/3 | €2,930 | - | -€2,930 | |
| Non-recurring operating income | 76A | €5,479 | €905 | -€4,574 | -83.5% |
| Remuneration, social security and pensions | 62 | €1,533,317 | €1,777,517 | +€244,200 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,377 | €100,890 | -€7,487 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€23,606 | -€23,606 | |
| Other operating charges | 640/8 | €28,787 | €53,220 | +€24,433 | +84.9% |
| Non-recurring operating charges | 66A | €1,251 | - | -€1,251 | |
| Gross operating margin | 9900 | €1,742,961 | €2,433,979 | +€691,018 | +39.6% |
| Operating profit (loss) | 9901 | €71,229 | €525,958 | +€454,729 | +638.4% |
| Financial income | 75/76B | €10,303 | €15,302 | +€4,999 | +48.5% |
| Recurring financial income | 75 | €10,303 | €15,302 | +€4,999 | +48.5% |
| Financial charges | 65/66B | €6,892 | €7,397 | +€506 | +7.3% |
| Recurring financial charges | 65 | €6,892 | €7,397 | +€506 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €74,641 | €533,863 | +€459,222 | +615.2% |
| Income taxes | 67/77 | €23,841 | €94,396 | +€70,555 | +295.9% |
| Profit (loss) for the period | 9904 | €50,799 | €439,466 | +€388,667 | +765.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,799 | €439,466 | +€388,667 | +765.1% |
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 12 October 2026 via checked.be.