METALSAB: 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.
METALSAB
Largest movements
- Cash -€126,922
down €126,922 (-49.3%), from €257,541 to €130,619
mainly Contributions, distributions and other (-€189,000) and Tax, wage and social debts (-€25,156)
- Tangible fixed assets -€43,867
down €43,867 (-10.2%), from €428,108 to €384,241
- Receivables after one year -€13,507
no longer reported in 2025 (was €13,507)
- Reserves -€189,000
down €189,000 (-65.4%), from €289,000 to €100,000
- Other debts +€38,973
up €38,973 (+82.0%), from €47,500 to €86,473
- Tax, wage and social debts -€25,156
down €25,156 (-37.5%), from €67,039 to €41,883
of which Taxes: -€25,033
- Debts after one year -€14,989
down €14,989 (-13.0%), from €115,460 to €100,472
of which Financial debts: -€14,989
- Trade debts +€10,114
up €10,114 (+23.3%), from €43,337 to €53,452
- Financial charges +€77,356
up €77,356 (+1410.2%), from €5,485 to €82,841
- Gross operating margin -€43,319
down €43,319 (-12.0%), from €359,992 to €316,673
- Staff costs -€24,028
down €24,028 (-13.3%), from €181,014 to €156,986
- Taxes -€14,708
down €14,708 (-92.3%), from €15,932 to €1,224
- Write-downs -€11,978
down €11,978, from €9,035 to -€2,943
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 | €962,083 | €787,138 | -€174,945 | -18.2% |
| Fixed assets | 21/28 | €429,443 | €385,249 | -€44,193 | -10.3% |
| Intangible fixed assets | 21 | €1,064 | €738 | -€327 | -30.7% |
| Tangible fixed assets | 22/27 | €428,108 | €384,241 | -€43,867 | -10.2% |
| Land and buildings | 22 | €282,060 | €260,671 | -€21,389 | -7.6% |
| Plant, machinery and equipment | 23 | €125,074 | €112,500 | -€12,573 | -10.1% |
| Furniture and vehicles | 24 | €20,975 | €11,070 | -€9,905 | -47.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €532,640 | €401,888 | -€130,752 | -24.5% |
| Amounts receivable after more than one year | 29 | €13,507 | - | -€13,507 | |
| Other amounts receivable | 291 | €13,507 | - | -€13,507 | |
| Amounts receivable within one year | 40/41 | €159,545 | €168,650 | +€9,105 | +5.7% |
| Trade receivables | 40 | €139,390 | €128,801 | -€10,588 | -7.6% |
| Other amounts receivable | 41 | €20,155 | €39,849 | +€19,693 | +97.7% |
| Current investments | 50/53 | €97,899 | €97,899 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €257,541 | €130,619 | -€126,922 | -49.3% |
| Deferred charges and accrued income | 490/1 | €4,148 | €4,720 | +€572 | +13.8% |
| Total equity and liabilities | 10/49 | €962,083 | €787,138 | -€174,945 | -18.2% |
| Equity | 10/15 | €664,828 | €480,347 | -€184,481 | -27.7% |
| Contributions | 10/11 | €18,060 | €18,060 | = | 0.0% |
| Reserves | 13 | €289,000 | €100,000 | -€189,000 | -65.4% |
| Distributable reserves | 133 | €289,000 | €100,000 | -€189,000 | -65.4% |
| Profit (loss) carried forward | 14 | €357,768 | €362,287 | +€4,519 | +1.3% |
| Provisions and deferred taxes | 16 | €2,000 | €2,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,000 | €2,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €295,255 | €304,790 | +€9,535 | +3.2% |
| Amounts payable after more than one year | 17 | €115,460 | €100,472 | -€14,989 | -13.0% |
| Financial debts | 170/4 | €114,910 | €99,922 | -€14,989 | -13.0% |
| Other amounts payable | 178/9 | €550 | €550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €179,057 | €203,547 | +€24,490 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €14,879 | €14,989 | +€109 | +0.7% |
| Financial debts | 43 | €6,301 | €6,751 | +€450 | +7.1% |
| Credit institutions | 430/8 | €6,301 | €6,751 | +€450 | +7.1% |
| Trade debts | 44 | €43,337 | €53,452 | +€10,114 | +23.3% |
| Suppliers | 440/4 | €43,337 | €53,452 | +€10,114 | +23.3% |
| Taxes, remuneration and social security | 45 | €67,039 | €41,883 | -€25,156 | -37.5% |
| Taxes | 450/3 | €52,175 | €27,142 | -€25,033 | -48.0% |
| Remuneration and social security | 454/9 | €14,864 | €14,741 | -€123 | -0.8% |
| Other amounts payable | 47/48 | €47,500 | €86,473 | +€38,973 | +82.0% |
| Accrued charges and deferred income | 492/3 | €737 | €771 | +€34 | +4.6% |
| Remuneration, social security and pensions | 62 | €181,014 | €156,986 | -€24,028 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,125 | €51,827 | -€1,297 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,035 | -€2,943 | -€11,978 | |
| Other operating charges | 640/8 | €9,614 | €11,297 | +€1,683 | +17.5% |
| Non-recurring operating charges | 66A | - | €13,239 | +€13,239 | |
| Gross operating margin | 9900 | €359,992 | €316,673 | -€43,319 | -12.0% |
| Operating profit (loss) | 9901 | €107,204 | €86,266 | -€20,937 | -19.5% |
| Financial income | 75/76B | €3,038 | €2,319 | -€719 | -23.7% |
| Recurring financial income | 75 | €3,038 | €2,319 | -€719 | -23.7% |
| Financial charges | 65/66B | €5,485 | €82,841 | +€77,356 | +1410.2% |
| Recurring financial charges | 65 | €5,485 | €82,841 | +€77,356 | +1410.2% |
| Profit (loss) for the period before taxes | 9903 | €104,757 | €5,744 | -€99,013 | -94.5% |
| Income taxes | 67/77 | €15,932 | €1,224 | -€14,708 | -92.3% |
| Profit (loss) for the period | 9904 | €88,824 | €4,519 | -€84,305 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,824 | €4,519 | -€84,305 | -94.9% |
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 7 October 2026 via checked.be.