MetalSight: 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.
MetalSight
Largest movements
- Receivables within one year +€74,596
up €74,596 (+107%), from €69,565 to €144,161
of which Trade receivables: +€64,892
- Cash -€72,393
down €72,393 (-77.6%), from €93,250 to €20,857
mainly Receivables within one year (-€74,596) and Debts after one year (-€31,597)
- Tangible fixed assets -€18,988
down €18,988 (-13.0%), from €145,642 to €126,654
of which Plant, machinery and equipment: -€12,053
- Stocks and contracts +€4,921
up €4,921 (+16.3%), from €30,255 to €35,176
of which Contracts in progress: +€15,219
- Short-term financial debts +€40,000
new in 2025: €40,000
- Debts after one year -€31,597
down €31,597 (-54.8%), from €57,679 to €26,081
- Trade debts -€22,224
down €22,224 (-50.3%), from €44,179 to €21,955
- Staff costs +€37,024
up €37,024 (+186%), from €19,956 to €56,980
- Gross operating margin +€18,241
up €18,241 (+23.5%), from €77,695 to €95,936
- Depreciation +€4,817
up €4,817 (+18.7%), from €25,759 to €30,576
- Taxes -€3,462
down €3,462 (-70.0%), from €4,946 to €1,484
- Financial charges -€2,706
down €2,706 (-32.8%), from €8,253 to €5,546
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 | €346,046 | €333,108 | -€12,938 | -3.7% |
| Fixed assets | 21/28 | €145,933 | €126,654 | -€19,279 | -13.2% |
| Intangible fixed assets | 21 | €291 | €0 | -€291 | -100% |
| Tangible fixed assets | 22/27 | €145,642 | €126,654 | -€18,988 | -13.0% |
| Plant, machinery and equipment | 23 | €112,540 | €100,487 | -€12,053 | -10.7% |
| Leasing and similar rights | 25 | €33,102 | €26,167 | -€6,935 | -21.0% |
| Current assets | 29/58 | €200,113 | €206,454 | +€6,341 | +3.2% |
| Stocks and contracts in progress | 3 | €30,255 | €35,176 | +€4,921 | +16.3% |
| Stocks | 30/36 | €24,851 | €14,553 | -€10,298 | -41.4% |
| Contracts in progress | 37 | €5,404 | €20,623 | +€15,219 | +282% |
| Amounts receivable within one year | 40/41 | €69,565 | €144,161 | +€74,596 | +107% |
| Trade receivables | 40 | €48,240 | €113,132 | +€64,892 | +135% |
| Other amounts receivable | 41 | €21,325 | €31,029 | +€9,705 | +45.5% |
| Cash at bank and in hand | 54/58 | €93,250 | €20,857 | -€72,393 | -77.6% |
| Deferred charges and accrued income | 490/1 | €7,043 | €6,260 | -€783 | -11.1% |
| Total equity and liabilities | 10/49 | €346,046 | €333,108 | -€12,938 | -3.7% |
| Equity | 10/15 | €203,823 | €204,972 | +€1,149 | +0.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €103,823 | €104,972 | +€1,149 | +1.1% |
| Distributable reserves | 133 | €103,823 | €104,972 | +€1,149 | +1.1% |
| Amounts payable | 17/49 | €142,223 | €128,136 | -€14,087 | -9.9% |
| Amounts payable after more than one year | 17 | €57,679 | €26,081 | -€31,597 | -54.8% |
| Financial debts | 170/4 | €57,679 | €26,081 | -€31,597 | -54.8% |
| Amounts payable within one year | 42/48 | €84,197 | €101,255 | +€17,058 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €30,882 | €31,597 | +€715 | +2.3% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €44,179 | €21,955 | -€22,224 | -50.3% |
| Suppliers | 440/4 | €44,179 | €21,955 | -€22,224 | -50.3% |
| Taxes, remuneration and social security | 45 | €8,476 | €6,465 | -€2,011 | -23.7% |
| Taxes | 450/3 | €5,585 | - | -€5,585 | |
| Remuneration and social security | 454/9 | €2,891 | €6,465 | +€3,574 | +124% |
| Other amounts payable | 47/48 | €659 | €1,237 | +€578 | +87.8% |
| Accrued charges and deferred income | 492/3 | €347 | €800 | +€452 | +130% |
| Remuneration, social security and pensions | 62 | €19,956 | €56,980 | +€37,024 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,759 | €30,576 | +€4,817 | +18.7% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €77,695 | €95,936 | +€18,241 | +23.5% |
| Operating profit (loss) | 9901 | €31,529 | €7,914 | -€23,615 | -74.9% |
| Financial income | 75/76B | €35 | €265 | +€230 | +656% |
| Recurring financial income | 75 | €35 | €265 | +€230 | +656% |
| Financial charges | 65/66B | €8,253 | €5,546 | -€2,706 | -32.8% |
| Recurring financial charges | 65 | €8,253 | €5,546 | -€2,706 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €23,311 | €2,632 | -€20,679 | -88.7% |
| Income taxes | 67/77 | €4,946 | €1,484 | -€3,462 | -70.0% |
| Profit (loss) for the period | 9904 | €18,365 | €1,149 | -€17,217 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,365 | €1,149 | -€17,217 | -93.7% |
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 25 October 2026 via checked.be.