MetalwoRK: 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.
MetalwoRK
Largest movements
- Tangible fixed assets -€50,283
down €50,283 (-10.5%), from €480,570 to €430,286
of which Plant, machinery and equipment: -€27,452
- Receivables within one year +€31,148
up €31,148 (+65.9%), from €47,251 to €78,399
of which Trade receivables: +€31,077
- Cash -€15,121
down €15,121 (-16.2%), from €93,500 to €78,379
mainly Investment in fixed assets (net) (-€66,528) and Debts after one year (-€54,832)
- Intangible fixed assets -€12,485
down €12,485 (-39.8%), from €31,388 to €18,903
- Current investments +€12,006
up €12,006 (+300%), from €4,000 to €16,006
- Debts after one year -€54,832
down €54,832 (-15.5%), from €353,908 to €299,076
- Reserves +€30,440
up €30,440 (+24.6%), from €123,599 to €154,038
- Trade debts +€24,833
up €24,833 (+222%), from €11,176 to €36,009
- Current portion of long-term debt -€13,899
down €13,899 (-12.8%), from €108,834 to €94,935
- Gross operating margin +€15,856
up €15,856 (+5.2%), from €307,860 to €323,716
- Depreciation +€9,530
up €9,530 (+8.0%), from €119,767 to €129,297
- Staff costs +€6,968
up €6,968 (+5.6%), from €124,542 to €131,511
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 | €663,358 | €647,958 | -€15,401 | -2.3% |
| Fixed assets | 21/28 | €516,224 | €453,456 | -€62,768 | -12.2% |
| Intangible fixed assets | 21 | €31,388 | €18,903 | -€12,485 | -39.8% |
| Tangible fixed assets | 22/27 | €480,570 | €430,286 | -€50,283 | -10.5% |
| Plant, machinery and equipment | 23 | €73,345 | €45,893 | -€27,452 | -37.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €405,930 | €383,384 | -€22,546 | -5.6% |
| Other tangible fixed assets | 26 | €1,295 | €1,009 | -€286 | -22.1% |
| Financial fixed assets | 28 | €4,266 | €4,266 | = | 0.0% |
| Current assets | 29/58 | €147,134 | €194,502 | +€47,368 | +32.2% |
| Stocks and contracts in progress | 3 | - | €8,000 | +€8,000 | |
| Stocks | 30/36 | - | €8,000 | +€8,000 | |
| Amounts receivable within one year | 40/41 | €47,251 | €78,399 | +€31,148 | +65.9% |
| Trade receivables | 40 | €47,215 | €78,292 | +€31,077 | +65.8% |
| Other amounts receivable | 41 | €36 | €107 | +€71 | +199% |
| Current investments | 50/53 | €4,000 | €16,006 | +€12,006 | +300% |
| Cash at bank and in hand | 54/58 | €93,500 | €78,379 | -€15,121 | -16.2% |
| Deferred charges and accrued income | 490/1 | €2,383 | €13,718 | +€11,335 | +476% |
| Total equity and liabilities | 10/49 | €663,358 | €647,958 | -€15,401 | -2.3% |
| Equity | 10/15 | €142,199 | €172,638 | +€30,440 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,599 | €154,038 | +€30,440 | +24.6% |
| Distributable reserves | 133 | €123,599 | €154,038 | +€30,440 | +24.6% |
| Amounts payable | 17/49 | €521,160 | €475,319 | -€45,840 | -8.8% |
| Amounts payable after more than one year | 17 | €353,908 | €299,076 | -€54,832 | -15.5% |
| Financial debts | 170/4 | €353,908 | €299,076 | -€54,832 | -15.5% |
| Amounts payable within one year | 42/48 | €167,251 | €176,243 | +€8,991 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €108,834 | €94,935 | -€13,899 | -12.8% |
| Trade debts | 44 | €11,176 | €36,009 | +€24,833 | +222% |
| Suppliers | 440/4 | €11,176 | €36,009 | +€24,833 | +222% |
| Taxes, remuneration and social security | 45 | €35,322 | €37,760 | +€2,438 | +6.9% |
| Taxes | 450/3 | €18,836 | €19,619 | +€783 | +4.2% |
| Remuneration and social security | 454/9 | €16,486 | €18,140 | +€1,655 | +10.0% |
| Other amounts payable | 47/48 | €11,919 | €7,539 | -€4,380 | -36.8% |
| Non-recurring operating income | 76A | €0 | €11,322 | +€11,322 | |
| Remuneration, social security and pensions | 62 | €124,542 | €131,511 | +€6,968 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,767 | €129,297 | +€9,530 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €495 | +€495 | |
| Other operating charges | 640/8 | €1,179 | €1,424 | +€245 | +20.8% |
| Gross operating margin | 9900 | €307,860 | €323,716 | +€15,856 | +5.2% |
| Operating profit (loss) | 9901 | €62,372 | €60,989 | -€1,383 | -2.2% |
| Financial income | 75/76B | €16 | €40 | +€25 | +159% |
| Recurring financial income | 75 | €16 | €40 | +€25 | +159% |
| Financial charges | 65/66B | €16,078 | €15,565 | -€513 | -3.2% |
| Recurring financial charges | 65 | €16,078 | €15,565 | -€513 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €46,310 | €45,465 | -€845 | -1.8% |
| Income taxes | 67/77 | €15,049 | €15,025 | -€24 | -0.2% |
| Profit (loss) for the period | 9904 | €31,261 | €30,440 | -€821 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,261 | €30,440 | -€821 | -2.6% |
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 15 October 2026 via checked.be.