METALU: 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.
METALU
Largest movements
- Cash +€42,750
up €42,750 (+32.8%), from €130,300 to €173,050
mainly Net result for the year (+€27,020) and Accrued charges and deferred income (+€14,000)
- Tangible fixed assets -€6,379
down €6,379 (-27.6%), from €23,076 to €16,697
of which Furniture and vehicles: -€5,507
- Receivables within one year +€3,000
up €3,000 (+72.3%), from €4,151 to €7,151
- Reserves +€27,020
up €27,020 (+24.1%), from €112,000 to €139,020
- Accrued charges and deferred income +€14,000
new in 2025: €14,000
- Gross operating margin +€17,141
up €17,141 (+74.8%), from €22,902 to €40,043
- Taxes +€1,173
up €1,173 (+22.5%), from €5,217 to €6,390
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 | €157,790 | €197,678 | +€39,888 | +25.3% |
| Fixed assets | 21/28 | €23,076 | €16,697 | -€6,379 | -27.6% |
| Tangible fixed assets | 22/27 | €23,076 | €16,697 | -€6,379 | -27.6% |
| Land and buildings | 22 | €5,618 | €5,618 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €6,942 | €6,070 | -€872 | -12.6% |
| Furniture and vehicles | 24 | €10,516 | €5,009 | -€5,507 | -52.4% |
| Current assets | 29/58 | €134,714 | €180,981 | +€46,267 | +34.3% |
| Amounts receivable within one year | 40/41 | €4,151 | €7,151 | +€3,000 | +72.3% |
| Other amounts receivable | 41 | €4,151 | €7,151 | +€3,000 | +72.3% |
| Cash at bank and in hand | 54/58 | €130,300 | €173,050 | +€42,750 | +32.8% |
| Deferred charges and accrued income | 490/1 | €263 | €780 | +€517 | +196.7% |
| Total equity and liabilities | 10/49 | €157,790 | €197,678 | +€39,888 | +25.3% |
| Equity | 10/15 | €147,196 | €174,217 | +€27,021 | +18.4% |
| Contributions | 10/11 | €28,300 | €28,300 | = | 0.0% |
| Outside capital | 11 | - | €28,300 | +€28,300 | |
| Other | 1109/19 | - | €28,300 | +€28,300 | |
| Reserves | 13 | €112,000 | €139,020 | +€27,020 | +24.1% |
| Distributable reserves | 133 | €112,000 | €139,020 | +€27,020 | +24.1% |
| Profit (loss) carried forward | 14 | €6,896 | €6,896 | +€0 | 0.0% |
| Amounts payable | 17/49 | €10,594 | €23,461 | +€12,867 | +121.5% |
| Amounts payable within one year | 42/48 | €10,594 | €9,461 | -€1,133 | -10.7% |
| Trade debts | 44 | €158 | €1,388 | +€1,230 | +778.6% |
| Suppliers | 440/4 | €158 | €1,388 | +€1,230 | +778.6% |
| Taxes, remuneration and social security | 45 | €7,909 | €6,915 | -€994 | -12.6% |
| Taxes | 450/3 | €6,609 | €5,616 | -€993 | -15.0% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €2,527 | €1,157 | -€1,370 | -54.2% |
| Accrued charges and deferred income | 492/3 | - | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,379 | €6,379 | +€0 | 0.0% |
| Other operating charges | 640/8 | €660 | €776 | +€116 | +17.6% |
| Gross operating margin | 9900 | €22,902 | €40,043 | +€17,141 | +74.8% |
| Operating profit (loss) | 9901 | €15,863 | €32,888 | +€17,025 | +107.3% |
| Financial income | 75/76B | €557 | €569 | +€12 | +2.2% |
| Recurring financial income | 75 | €557 | €569 | +€12 | +2.2% |
| Financial charges | 65/66B | €40 | €47 | +€7 | +17.7% |
| Recurring financial charges | 65 | €40 | €47 | +€7 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €16,380 | €33,410 | +€17,030 | +104.0% |
| Income taxes | 67/77 | €5,217 | €6,390 | +€1,173 | +22.5% |
| Profit (loss) for the period | 9904 | €11,163 | €27,020 | +€15,857 | +142.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,163 | €27,020 | +€15,857 | +142.1% |
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.