S.J. METAL: what changed
S.J. METAL
Largest movements
- Receivables within one year +€58,592
up €58,592 (+60.5%), from €96,799 to €155,390
of which Other amounts receivable: +€42,577
- Cash -€24,084
down €24,084 (-44.8%), from €53,798 to €29,714
mainly Receivables within one year (-€58,592) and Deferred charges and accrued income (-€1,109)
- Tangible fixed assets -€5,998
down €5,998 (-83.7%), from €7,163 to €1,164
of which Furniture and vehicles: -€5,998
- Tax, wage and social debts +€22,377
up €22,377 (+195%), from €11,500 to €33,877
of which Taxes: +€20,827
- Reserves +€3,900
up €3,900 (+5.8%), from €66,860 to €70,760
of which Distributable reserves: +€3,900
- Trade debts +€3,340
up €3,340 (+37.8%), from €8,845 to €12,186
- Gross operating margin -€51,931
down €51,931 (-57.4%), from €90,501 to €38,570
- Taxes +€31,738
up €31,738 (+807%), from €3,932 to €35,670
- Depreciation -€6,612
down €6,612 (-87.8%), from €7,534 to €922
- Financial income +€3,738
up €3,738 (+1,437,592%), from €0 to €3,738
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,731 | €188,348 | +€29,618 | +18.7% |
| Fixed assets | 21/28 | €7,163 | €1,164 | -€5,998 | -83.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,163 | €1,164 | -€5,998 | -83.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €7,163 | €1,164 | -€5,998 | -83.7% |
| Current assets | 29/58 | €151,568 | €187,184 | +€35,616 | +23.5% |
| Amounts receivable within one year | 40/41 | €96,799 | €155,390 | +€58,592 | +60.5% |
| Trade receivables | 40 | €48,878 | €64,893 | +€16,015 | +32.8% |
| Other amounts receivable | 41 | €47,920 | €90,498 | +€42,577 | +88.8% |
| Cash at bank and in hand | 54/58 | €53,798 | €29,714 | -€24,084 | -44.8% |
| Deferred charges and accrued income | 490/1 | €971 | €2,080 | +€1,109 | +114% |
| Total equity and liabilities | 10/49 | €158,731 | €188,348 | +€29,618 | +18.7% |
| Equity | 10/15 | €138,385 | €142,285 | +€3,900 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,860 | €70,760 | +€3,900 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €68,900 | +€3,900 | +6.0% |
| Profit (loss) carried forward | 14 | €52,925 | €52,925 | = | 0.0% |
| Amounts payable | 17/49 | €20,345 | €46,063 | +€25,717 | +126% |
| Amounts payable within one year | 42/48 | €20,345 | €46,063 | +€25,717 | +126% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,845 | €12,186 | +€3,340 | +37.8% |
| Suppliers | 440/4 | €8,845 | €12,186 | +€3,340 | +37.8% |
| Taxes, remuneration and social security | 45 | €11,500 | €33,877 | +€22,377 | +195% |
| Taxes | 450/3 | €11,500 | €32,327 | +€20,827 | +181% |
| Remuneration and social security | 454/9 | €0 | €1,550 | +€1,550 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €151 | +€151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,534 | €922 | -€6,612 | -87.8% |
| Other operating charges | 640/8 | €1,023 | €1,447 | +€424 | +41.4% |
| Gross operating margin | 9900 | €90,501 | €38,570 | -€51,931 | -57.4% |
| Operating profit (loss) | 9901 | €81,944 | €36,051 | -€45,893 | -56.0% |
| Financial income | 75/76B | €0 | €3,738 | +€3,738 | +1,437,592% |
| Recurring financial income | 75 | €0 | €3,738 | +€3,738 | +1,437,592% |
| Financial charges | 65/66B | €293 | €219 | -€74 | -25.2% |
| Recurring financial charges | 65 | €293 | €219 | -€74 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €81,651 | €39,570 | -€42,081 | -51.5% |
| Income taxes | 67/77 | €3,932 | €35,670 | +€31,738 | +807% |
| Profit (loss) for the period | 9904 | €77,719 | €3,900 | -€73,819 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,719 | €3,900 | -€73,819 | -95.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.