Metalux: 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.
Metalux
Largest movements
- Tangible fixed assets -€40,443
down €40,443 (-42.8%), from €94,481 to €54,038
of which Furniture and vehicles: -€37,931
- Cash -€26,039
down €26,039 (-23.7%), from €109,727 to €83,688
mainly Contributions, distributions and other (-€50,000) and Other debts (-€31,253)
- Stocks and contracts +€22,753
new in 2025: €22,753
- Receivables within one year +€8,713
up €8,713 (+35.7%), from €24,397 to €33,110
of which Other amounts receivable: +€4,452
- Deferred charges and accrued income +€8,342
new in 2025: €8,342
- Other debts -€31,253
down €31,253 (-98.0%), from €31,875 to €622
- Debts after one year -€16,078
down €16,078 (-100%), from €16,078 to €0
- Trade debts +€14,135
up €14,135 (+74.4%), from €19,004 to €33,139
- Advances received +€13,700
new in 2025: €13,700
- Current portion of long-term debt -€8,528
down €8,528 (-100%), from €8,528 to €0
- Staff costs +€25,381
up €25,381 (+153%), from €16,592 to €41,973
- Gross operating margin +€16,600
up €16,600 (+13.7%), from €121,153 to €137,753
- Depreciation -€8,089
down €8,089 (-29.6%), from €27,315 to €19,226
- Taxes -€7,047
down €7,047 (-34.4%), from €20,472 to €13,425
- Other operating charges +€6,386
up €6,386 (+167%), from €3,829 to €10,215
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 | €228,605 | €201,932 | -€26,673 | -11.7% |
| Fixed assets | 21/28 | €94,481 | €54,038 | -€40,443 | -42.8% |
| Tangible fixed assets | 22/27 | €94,481 | €54,038 | -€40,443 | -42.8% |
| Plant, machinery and equipment | 23 | €30,254 | €27,742 | -€2,512 | -8.3% |
| Furniture and vehicles | 24 | €64,227 | €26,296 | -€37,931 | -59.1% |
| Current assets | 29/58 | €134,124 | €147,894 | +€13,770 | +10.3% |
| Stocks and contracts in progress | 3 | - | €22,753 | +€22,753 | |
| Stocks | 30/36 | - | €22,753 | +€22,753 | |
| Amounts receivable within one year | 40/41 | €24,397 | €33,110 | +€8,713 | +35.7% |
| Trade receivables | 40 | €21,278 | €25,540 | +€4,262 | +20.0% |
| Other amounts receivable | 41 | €3,119 | €7,571 | +€4,452 | +143% |
| Cash at bank and in hand | 54/58 | €109,727 | €83,688 | -€26,039 | -23.7% |
| Deferred charges and accrued income | 490/1 | - | €8,342 | +€8,342 | |
| Total equity and liabilities | 10/49 | €228,605 | €201,932 | -€26,673 | -11.7% |
| Equity | 10/15 | €147,238 | €149,944 | +€2,706 | +1.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €142,238 | €144,944 | +€2,706 | +1.9% |
| Distributable reserves | 133 | €142,238 | €144,944 | +€2,706 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,367 | €51,988 | -€29,379 | -36.1% |
| Amounts payable after more than one year | 17 | €16,078 | €0 | -€16,078 | -100% |
| Financial debts | 170/4 | €16,078 | €0 | -€16,078 | -100% |
| Amounts payable within one year | 42/48 | €65,289 | €51,029 | -€14,260 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €8,528 | €0 | -€8,528 | -100% |
| Trade debts | 44 | €19,004 | €33,139 | +€14,135 | +74.4% |
| Suppliers | 440/4 | €19,004 | €33,139 | +€14,135 | +74.4% |
| Advances received on contracts in progress | 46 | - | €13,700 | +€13,700 | |
| Taxes, remuneration and social security | 45 | €5,882 | €3,569 | -€2,313 | -39.3% |
| Taxes | 450/3 | €1,273 | €0 | -€1,273 | -100% |
| Remuneration and social security | 454/9 | €4,609 | €3,569 | -€1,040 | -22.6% |
| Other amounts payable | 47/48 | €31,875 | €622 | -€31,253 | -98.0% |
| Accrued charges and deferred income | 492/3 | - | €959 | +€959 | |
| Remuneration, social security and pensions | 62 | €16,592 | €41,973 | +€25,381 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,315 | €19,226 | -€8,089 | -29.6% |
| Other operating charges | 640/8 | €3,829 | €10,215 | +€6,386 | +167% |
| Gross operating margin | 9900 | €121,153 | €137,753 | +€16,600 | +13.7% |
| Operating profit (loss) | 9901 | €73,417 | €66,339 | -€7,078 | -9.6% |
| Financial income | 75/76B | €1,461 | €1,464 | +€3 | +0.2% |
| Recurring financial income | 75 | €1,461 | €1,464 | +€3 | +0.2% |
| Financial charges | 65/66B | €2,037 | €1,672 | -€365 | -17.9% |
| Recurring financial charges | 65 | €2,037 | €1,672 | -€365 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €72,841 | €66,130 | -€6,711 | -9.2% |
| Income taxes | 67/77 | €20,472 | €13,425 | -€7,047 | -34.4% |
| Profit (loss) for the period | 9904 | €52,369 | €52,706 | +€337 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,369 | €52,706 | +€337 | +0.6% |
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 24 October 2026 via checked.be.