METALTECH: 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.
METALTECH
Largest movements
- Tangible fixed assets +€54,540
up €54,540 (+28.9%), from €189,008 to €243,549
of which Furniture and vehicles: +€48,844
- Receivables within one year -€38,999
down €38,999 (-58.7%), from €66,487 to €27,488
of which Trade receivables: -€53,877
- Cash +€26,294
up €26,294 (+317.8%), from €8,274 to €34,568
mainly Receivables within one year (+€38,999) and Depreciation (+€37,224)
- Stocks and contracts -€13,186
down €13,186 (-54.1%), from €24,383 to €11,197
- Profit (loss) carried forward +€21,461
up €21,461 (+12.3%), from €174,252 to €195,713
- Trade debts -€20,833
down €20,833 (-64.9%), from €32,090 to €11,257
- Debts after one year +€20,068
up €20,068 (+75.1%), from €26,735 to €46,803
- Current portion of long-term debt +€7,758
up €7,758 (+109.0%), from €7,119 to €14,877
- Other debts +€6,622
up €6,622 (+244.5%), from €2,708 to €9,329
- Depreciation +€11,167
up €11,167 (+42.9%), from €26,058 to €37,224
- Gross operating margin +€10,204
up €10,204 (+17.1%), from €59,587 to €69,791
- Taxes -€1,836
down €1,836 (-31.0%), from €5,932 to €4,096
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 | €296,448 | €322,468 | +€26,020 | +8.8% |
| Fixed assets | 21/28 | €190,385 | €244,377 | +€53,992 | +28.4% |
| Tangible fixed assets | 22/27 | €189,008 | €243,549 | +€54,540 | +28.9% |
| Land and buildings | 22 | €137,699 | €129,387 | -€8,312 | -6.0% |
| Plant, machinery and equipment | 23 | €12,003 | €26,012 | +€14,009 | +116.7% |
| Furniture and vehicles | 24 | €39,306 | €88,150 | +€48,844 | +124.3% |
| Financial fixed assets | 28 | €1,377 | €829 | -€548 | -39.8% |
| Current assets | 29/58 | €106,063 | €78,091 | -€27,972 | -26.4% |
| Stocks and contracts in progress | 3 | €24,383 | €11,197 | -€13,186 | -54.1% |
| Stocks | 30/36 | €24,383 | €11,197 | -€13,186 | -54.1% |
| Amounts receivable within one year | 40/41 | €66,487 | €27,488 | -€38,999 | -58.7% |
| Trade receivables | 40 | €66,419 | €12,542 | -€53,877 | -81.1% |
| Other amounts receivable | 41 | €68 | €14,947 | +€14,878 | +21841.5% |
| Cash at bank and in hand | 54/58 | €8,274 | €34,568 | +€26,294 | +317.8% |
| Deferred charges and accrued income | 490/1 | €6,918 | €4,838 | -€2,081 | -30.1% |
| Total equity and liabilities | 10/49 | €296,448 | €322,468 | +€26,020 | +8.8% |
| Equity | 10/15 | €218,062 | €239,523 | +€21,461 | +9.8% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €29,610 | €29,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,750 | €27,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,252 | €195,713 | +€21,461 | +12.3% |
| Amounts payable | 17/49 | €78,386 | €82,945 | +€4,559 | +5.8% |
| Amounts payable after more than one year | 17 | €26,735 | €46,803 | +€20,068 | +75.1% |
| Financial debts | 170/4 | €26,735 | €46,803 | +€20,068 | +75.1% |
| Amounts payable within one year | 42/48 | €51,388 | €35,721 | -€15,667 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €7,119 | €14,877 | +€7,758 | +109.0% |
| Financial debts | 43 | €4,144 | - | -€4,144 | |
| Credit institutions | 430/8 | €4,144 | - | -€4,144 | |
| Trade debts | 44 | €32,090 | €11,257 | -€20,833 | -64.9% |
| Suppliers | 440/4 | €32,090 | €11,257 | -€20,833 | -64.9% |
| Taxes, remuneration and social security | 45 | €5,327 | €258 | -€5,070 | -95.2% |
| Taxes | 450/3 | €3,994 | €258 | -€3,736 | -93.5% |
| Remuneration and social security | 454/9 | €1,333 | - | -€1,333 | |
| Other amounts payable | 47/48 | €2,708 | €9,329 | +€6,622 | +244.5% |
| Accrued charges and deferred income | 492/3 | €263 | €422 | +€158 | +60.1% |
| Non-recurring operating income | 76A | - | €3,881 | +€3,881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,058 | €37,224 | +€11,167 | +42.9% |
| Other operating charges | 640/8 | €957 | €1,282 | +€325 | +33.9% |
| Gross operating margin | 9900 | €59,587 | €69,791 | +€10,204 | +17.1% |
| Operating profit (loss) | 9901 | €32,573 | €31,284 | -€1,288 | -4.0% |
| Financial income | 75/76B | €5 | €18 | +€14 | +308.2% |
| Recurring financial income | 75 | €5 | €18 | +€14 | +308.2% |
| Financial charges | 65/66B | €4,708 | €4,913 | +€205 | +4.4% |
| Recurring financial charges | 65 | €4,708 | €4,913 | +€205 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €27,869 | €26,390 | -€1,479 | -5.3% |
| Income taxes | 67/77 | €5,932 | €4,096 | -€1,836 | -31.0% |
| Profit (loss) for the period | 9904 | €21,937 | €22,294 | +€357 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,937 | €22,294 | +€357 | +1.6% |
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 8 October 2026 via checked.be.