S.D. 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.
S.D. Metal
Largest movements
- Tangible fixed assets -€7,693
down €7,693 (-7.7%), from €99,434 to €91,741
- Receivables within one year +€6,902
up €6,902 (+33.3%), from €20,732 to €27,634
of which Trade receivables: +€4,098
- Stocks and contracts +€4,712
up €4,712 (+133%), from €3,538 to €8,251
- Cash -€2,674
down €2,674 (-2.8%), from €94,841 to €92,167
mainly Debts after one year (-€9,448) and Receivables within one year (-€6,902)
- Reserves +€12,731
up €12,731 (+7.5%), from €168,992 to €181,722
- Debts after one year -€9,448
down €9,448 (-43.4%), from €21,785 to €12,337
- Gross operating margin +€446
up €446 (+1.4%), from €31,201 to €31,648
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 | €219,764 | €221,476 | +€1,712 | +0.8% |
| Fixed assets | 21/28 | €99,434 | €91,741 | -€7,693 | -7.7% |
| Tangible fixed assets | 22/27 | €99,434 | €91,741 | -€7,693 | -7.7% |
| Land and buildings | 22 | €81,525 | €78,950 | -€2,575 | -3.2% |
| Plant, machinery and equipment | 23 | €7,543 | €4,650 | -€2,893 | -38.4% |
| Furniture and vehicles | 24 | €10,366 | €8,141 | -€2,225 | -21.5% |
| Current assets | 29/58 | €120,331 | €129,735 | +€9,405 | +7.8% |
| Stocks and contracts in progress | 3 | €3,538 | €8,251 | +€4,712 | +133% |
| Stocks | 30/36 | €3,538 | €8,251 | +€4,712 | +133% |
| Amounts receivable within one year | 40/41 | €20,732 | €27,634 | +€6,902 | +33.3% |
| Trade receivables | 40 | €18,774 | €22,872 | +€4,098 | +21.8% |
| Other amounts receivable | 41 | €1,958 | €4,762 | +€2,805 | +143% |
| Cash at bank and in hand | 54/58 | €94,841 | €92,167 | -€2,674 | -2.8% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,684 | +€464 | +38.1% |
| Total equity and liabilities | 10/49 | €219,764 | €221,476 | +€1,712 | +0.8% |
| Equity | 10/15 | €175,192 | €187,922 | +€12,731 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €168,992 | €181,722 | +€12,731 | +7.5% |
| Distributable reserves | 133 | €168,992 | €181,722 | +€12,731 | +7.5% |
| Amounts payable | 17/49 | €44,572 | €33,554 | -€11,019 | -24.7% |
| Amounts payable after more than one year | 17 | €21,785 | €12,337 | -€9,448 | -43.4% |
| Financial debts | 170/4 | €21,785 | €12,337 | -€9,448 | -43.4% |
| Amounts payable within one year | 42/48 | €22,787 | €21,217 | -€1,571 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €9,089 | €9,448 | +€359 | +4.0% |
| Trade debts | 44 | €6,018 | €4,338 | -€1,679 | -27.9% |
| Suppliers | 440/4 | €6,018 | €4,338 | -€1,679 | -27.9% |
| Advances received on contracts in progress | 46 | - | €787 | +€787 | |
| Taxes, remuneration and social security | 45 | €7,681 | €6,644 | -€1,037 | -13.5% |
| Taxes | 450/3 | €7,681 | €6,644 | -€1,037 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,083 | €10,228 | +€145 | +1.4% |
| Other operating charges | 640/8 | €1,973 | €2,184 | +€210 | +10.7% |
| Gross operating margin | 9900 | €31,201 | €31,648 | +€446 | +1.4% |
| Operating profit (loss) | 9901 | €19,145 | €19,236 | +€91 | +0.5% |
| Financial income | 75/76B | €154 | €164 | +€10 | +6.6% |
| Recurring financial income | 75 | €154 | €164 | +€10 | +6.6% |
| Financial charges | 65/66B | €1,705 | €1,409 | -€296 | -17.4% |
| Recurring financial charges | 65 | €1,705 | €1,409 | -€296 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €17,594 | €17,991 | +€397 | +2.3% |
| Income taxes | 67/77 | €5,077 | €5,260 | +€184 | +3.6% |
| Profit (loss) for the period | 9904 | €12,517 | €12,731 | +€213 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,517 | €12,731 | +€213 | +1.7% |
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 19 October 2026 via checked.be.