MH METAL: 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.
MH METAL
Largest movements
- Tangible fixed assets +€29,448
up €29,448 (+2,104%), from €1,399 to €30,847
- Receivables within one year -€17,652
down €17,652 (-52.7%), from €33,464 to €15,812
of which Other amounts receivable: -€13,917
- Cash +€1,582
up €1,582 (+37.8%), from €4,185 to €5,767
mainly Current portion of long-term debt (+€20,338) and Receivables within one year (+€17,652)
- Current portion of long-term debt +€20,338
new in 2025: €20,338
- Profit (loss) carried forward -€5,428
down €5,428 (-16.5%), from €32,923 to €27,495
- Trade debts -€1,956
down €1,956 (-87.9%), from €2,226 to €270
- Turnover -€81,339
no longer reported in 2025 (was €81,339)
- Purchases and services -€53,893
no longer reported in 2025 (was €53,893)
- Gross operating margin -€29,714
down €29,714, from €27,446 to -€2,268
- Financial income -€1,438
down €1,438 (-99.8%), from €1,441 to €3
- Other operating charges +€837
up €837 (+212%), from €395 to €1,232
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 | €40,149 | €53,303 | +€13,154 | +32.8% |
| Formation expenses | 20 | €1,102 | €787 | -€315 | -28.6% |
| Fixed assets | 21/28 | €1,399 | €30,847 | +€29,448 | +2,104% |
| Tangible fixed assets | 22/27 | €1,399 | €30,847 | +€29,448 | +2,104% |
| Furniture and vehicles | 24 | €1,399 | €30,847 | +€29,448 | +2,104% |
| Current assets | 29/58 | €37,648 | €21,669 | -€15,979 | -42.4% |
| Amounts receivable within one year | 40/41 | €33,464 | €15,812 | -€17,652 | -52.7% |
| Trade receivables | 40 | €17,170 | €13,435 | -€3,735 | -21.8% |
| Other amounts receivable | 41 | €16,294 | €2,377 | -€13,917 | -85.4% |
| Cash at bank and in hand | 54/58 | €4,185 | €5,767 | +€1,582 | +37.8% |
| Deferred charges and accrued income | 490/1 | - | €90 | +€90 | |
| Total equity and liabilities | 10/49 | €40,149 | €53,303 | +€13,154 | +32.8% |
| Equity | 10/15 | €37,923 | €32,495 | -€5,428 | -14.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €32,923 | €27,495 | -€5,428 | -16.5% |
| Amounts payable | 17/49 | €2,226 | €20,808 | +€18,582 | +835% |
| Amounts payable within one year | 42/48 | €2,226 | €20,608 | +€18,382 | +826% |
| Current portion of amounts payable after more than one year | 42 | - | €20,338 | +€20,338 | |
| Trade debts | 44 | €2,226 | €270 | -€1,956 | -87.9% |
| Suppliers | 440/4 | €2,226 | €270 | -€1,956 | -87.9% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Turnover | 70 | €81,339 | - | -€81,339 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,893 | - | -€53,893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €710 | €867 | +€157 | +22.1% |
| Other operating charges | 640/8 | €395 | €1,232 | +€837 | +212% |
| Gross operating margin | 9900 | €27,446 | -€2,268 | -€29,714 | |
| Operating profit (loss) | 9901 | €26,341 | -€4,367 | -€30,708 | |
| Financial income | 75/76B | €1,441 | €3 | -€1,438 | -99.8% |
| Recurring financial income | 75 | €1,441 | €3 | -€1,438 | -99.8% |
| Financial charges | 65/66B | €271 | €422 | +€151 | +55.5% |
| Recurring financial charges | 65 | €271 | €422 | +€151 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | €27,511 | -€4,786 | -€32,297 | |
| Income taxes | 67/77 | - | €642 | +€642 | |
| Profit (loss) for the period | 9904 | €27,511 | -€5,428 | -€32,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,511 | -€5,428 | -€32,939 |
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 26 October 2026 via checked.be.