METALUS: 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.
METALUS
Largest movements
- Stocks and contracts -€81,349
down €81,349 (-68.1%), from €119,542 to €38,193
- Tangible fixed assets -€27,151
down €27,151 (-22.2%), from €122,316 to €95,165
of which Plant, machinery and equipment: -€18,838
- Receivables within one year +€19,976
up €19,976 (+22.7%), from €88,091 to €108,067
of which Other amounts receivable: +€46,904
- Deferred charges and accrued income +€5,728
up €5,728 (+66.1%), from €8,668 to €14,397
- Cash +€5,299
up €5,299 (+373%), from €1,421 to €6,719
mainly Stocks and contracts (+€81,349) and Depreciation (+€30,751)
- Trade debts -€79,238
down €79,238 (-44.1%), from €179,582 to €100,345
- Other debts -€29,331
down €29,331 (-38.7%), from €75,851 to €46,520
- Reserves +€20,418
up €20,418 (+197%), from €10,370 to €30,788
- Tax, wage and social debts +€8,804
up €8,804 (+243%), from €3,624 to €12,428
- Advances received +€8,695
up €8,695 (+336%), from €2,586 to €11,281
- Gross operating margin +€27,901
up €27,901 (+62.3%), from €44,786 to €72,688
- Other operating charges +€7,937
up €7,937 (+553%), from €1,434 to €9,371
- Taxes +€7,284
up €7,284 (+283%), from €2,572 to €9,856
- Financial income +€1,823
new in 2025: €1,823
- Financial charges +€1,558
up €1,558 (+48.3%), from €3,226 to €4,783
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 | €348,859 | €270,963 | -€77,896 | -22.3% |
| Fixed assets | 21/28 | €131,137 | €103,586 | -€27,551 | -21.0% |
| Intangible fixed assets | 21 | €1,172 | €772 | -€400 | -34.1% |
| Tangible fixed assets | 22/27 | €122,316 | €95,165 | -€27,151 | -22.2% |
| Plant, machinery and equipment | 23 | €84,623 | €65,785 | -€18,838 | -22.3% |
| Furniture and vehicles | 24 | €37,692 | €29,380 | -€8,312 | -22.1% |
| Financial fixed assets | 28 | €7,650 | €7,650 | = | 0.0% |
| Current assets | 29/58 | €217,722 | €167,376 | -€50,346 | -23.1% |
| Stocks and contracts in progress | 3 | €119,542 | €38,193 | -€81,349 | -68.1% |
| Stocks | 30/36 | €119,542 | €38,193 | -€81,349 | -68.1% |
| Amounts receivable within one year | 40/41 | €88,091 | €108,067 | +€19,976 | +22.7% |
| Trade receivables | 40 | €73,796 | €46,867 | -€26,928 | -36.5% |
| Other amounts receivable | 41 | €14,296 | €61,200 | +€46,904 | +328% |
| Cash at bank and in hand | 54/58 | €1,421 | €6,719 | +€5,299 | +373% |
| Deferred charges and accrued income | 490/1 | €8,668 | €14,397 | +€5,728 | +66.1% |
| Total equity and liabilities | 10/49 | €348,859 | €270,963 | -€77,896 | -22.3% |
| Equity | 10/15 | €18,370 | €38,788 | +€20,418 | +111% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €10,370 | €30,788 | +€20,418 | +197% |
| Distributable reserves | 133 | €10,370 | €30,788 | +€20,418 | +197% |
| Amounts payable | 17/49 | €330,488 | €232,174 | -€98,314 | -29.7% |
| Amounts payable within one year | 42/48 | €323,698 | €232,174 | -€91,523 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €12,054 | €11,600 | -€454 | -3.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €179,582 | €100,345 | -€79,238 | -44.1% |
| Suppliers | 440/4 | €179,582 | €100,345 | -€79,238 | -44.1% |
| Advances received on contracts in progress | 46 | €2,586 | €11,281 | +€8,695 | +336% |
| Taxes, remuneration and social security | 45 | €3,624 | €12,428 | +€8,804 | +243% |
| Taxes | 450/3 | €3,624 | €12,428 | +€8,804 | +243% |
| Other amounts payable | 47/48 | €75,851 | €46,520 | -€29,331 | -38.7% |
| Accrued charges and deferred income | 492/3 | €6,791 | €0 | -€6,791 | -100% |
| Remuneration, social security and pensions | 62 | €149 | -€668 | -€817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,186 | €30,751 | +€565 | +1.9% |
| Other operating charges | 640/8 | €1,434 | €9,371 | +€7,937 | +553% |
| Gross operating margin | 9900 | €44,786 | €72,688 | +€27,901 | +62.3% |
| Operating profit (loss) | 9901 | €13,017 | €33,234 | +€20,217 | +155% |
| Financial income | 75/76B | - | €1,823 | +€1,823 | |
| Recurring financial income | 75 | - | €1,823 | +€1,823 | |
| Financial charges | 65/66B | €3,226 | €4,783 | +€1,558 | +48.3% |
| Recurring financial charges | 65 | €3,226 | €4,783 | +€1,558 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €9,791 | €30,274 | +€20,482 | +209% |
| Income taxes | 67/77 | €2,572 | €9,856 | +€7,284 | +283% |
| Profit (loss) for the period | 9904 | €7,219 | €20,418 | +€13,199 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €7,219 | €20,418 | +€13,199 | +183% |
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 13 October 2026 via checked.be.