SDB Metal Experts: 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.
SDB Metal Experts
Largest movements
- Tangible fixed assets +€149,937
up €149,937 (+23.4%), from €641,130 to €791,067
of which Plant, machinery and equipment: +€139,405
- Receivables within one year +€95,727
up €95,727 (+31.8%), from €301,230 to €396,957
of which Trade receivables: +€96,065
- Receivables after one year -€55,000
down €55,000 (-16.9%), from €325,000 to €270,000
- Cash +€49,816
up €49,816 (+20.9%), from €238,456 to €288,272
mainly Depreciation (+€150,867) and Net result for the year (+€99,876)
- Stocks and contracts -€26,500
down €26,500 (-16.7%), from €159,000 to €132,500
- Reserves +€99,876
up €99,876 (+17.4%), from €572,697 to €672,574
of which Distributable reserves: +€99,876
- Debts after one year +€85,807
up €85,807 (+29.1%), from €295,202 to €381,009
- Short-term financial debts -€41,647
down €41,647 (-59.5%), from €70,000 to €28,353
- Current portion of long-term debt +€30,340
up €30,340 (+40.8%), from €74,329 to €104,669
- Trade debts +€27,231
up €27,231 (+8.0%), from €339,522 to €366,754
- Gross operating margin +€51,963
up €51,963 (+11.4%), from €454,907 to €506,870
- Staff costs -€40,303
down €40,303 (-16.8%), from €240,173 to €199,870
- Depreciation +€15,486
up €15,486 (+11.4%), from €135,381 to €150,867
- Financial charges +€6,579
up €6,579 (+36.3%), from €18,112 to €24,691
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 | €1,701,440 | €1,903,918 | +€202,478 | +11.9% |
| Fixed assets | 21/28 | €669,330 | €809,665 | +€140,334 | +21.0% |
| Intangible fixed assets | 21 | €24,930 | €15,328 | -€9,602 | -38.5% |
| Tangible fixed assets | 22/27 | €641,130 | €791,067 | +€149,937 | +23.4% |
| Land and buildings | 22 | €193,429 | €162,971 | -€30,458 | -15.7% |
| Plant, machinery and equipment | 23 | €386,395 | €525,800 | +€139,405 | +36.1% |
| Furniture and vehicles | 24 | €56,010 | €97,407 | +€41,397 | +73.9% |
| Other tangible fixed assets | 26 | €5,296 | €4,889 | -€406 | -7.7% |
| Financial fixed assets | 28 | €3,270 | €3,270 | = | 0.0% |
| Current assets | 29/58 | €1,032,110 | €1,094,254 | +€62,144 | +6.0% |
| Amounts receivable after more than one year | 29 | €325,000 | €270,000 | -€55,000 | -16.9% |
| Other amounts receivable | 291 | €325,000 | €270,000 | -€55,000 | -16.9% |
| Stocks and contracts in progress | 3 | €159,000 | €132,500 | -€26,500 | -16.7% |
| Stocks | 30/36 | €159,000 | €132,500 | -€26,500 | -16.7% |
| Amounts receivable within one year | 40/41 | €301,230 | €396,957 | +€95,727 | +31.8% |
| Trade receivables | 40 | €280,545 | €376,610 | +€96,065 | +34.2% |
| Other amounts receivable | 41 | €20,685 | €20,347 | -€338 | -1.6% |
| Cash at bank and in hand | 54/58 | €238,456 | €288,272 | +€49,816 | +20.9% |
| Deferred charges and accrued income | 490/1 | €8,424 | €6,524 | -€1,900 | -22.6% |
| Total equity and liabilities | 10/49 | €1,701,440 | €1,903,918 | +€202,478 | +11.9% |
| Equity | 10/15 | €776,328 | €876,205 | +€99,876 | +12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572,697 | €672,574 | +€99,876 | +17.4% |
| Tax-exempt reserves | 132 | €951 | €951 | = | 0.0% |
| Distributable reserves | 133 | €571,746 | €671,623 | +€99,876 | +17.5% |
| Profit (loss) carried forward | 14 | €185,031 | €185,031 | = | 0.0% |
| Amounts payable | 17/49 | €925,112 | €1,027,713 | +€102,602 | +11.1% |
| Amounts payable after more than one year | 17 | €295,202 | €381,009 | +€85,807 | +29.1% |
| Financial debts | 170/4 | €295,202 | €381,009 | +€85,807 | +29.1% |
| Amounts payable within one year | 42/48 | €622,683 | €636,271 | +€13,588 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €74,329 | €104,669 | +€30,340 | +40.8% |
| Financial debts | 43 | €70,000 | €28,353 | -€41,647 | -59.5% |
| Credit institutions | 430/8 | €70,000 | €28,353 | -€41,647 | -59.5% |
| Trade debts | 44 | €339,522 | €366,754 | +€27,231 | +8.0% |
| Suppliers | 440/4 | €339,522 | €366,754 | +€27,231 | +8.0% |
| Taxes, remuneration and social security | 45 | €49,202 | €46,257 | -€2,945 | -6.0% |
| Taxes | 450/3 | €12,566 | €10,269 | -€2,297 | -18.3% |
| Remuneration and social security | 454/9 | €36,637 | €35,988 | -€649 | -1.8% |
| Other amounts payable | 47/48 | €89,629 | €90,238 | +€609 | +0.7% |
| Accrued charges and deferred income | 492/3 | €7,227 | €10,433 | +€3,206 | +44.4% |
| Remuneration, social security and pensions | 62 | €240,173 | €199,870 | -€40,303 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,381 | €150,867 | +€15,486 | +11.4% |
| Other operating charges | 640/8 | €11,703 | €12,908 | +€1,205 | +10.3% |
| Gross operating margin | 9900 | €454,907 | €506,870 | +€51,963 | +11.4% |
| Operating profit (loss) | 9901 | €67,651 | €143,226 | +€75,575 | +112% |
| Financial charges | 65/66B | €18,112 | €24,691 | +€6,579 | +36.3% |
| Recurring financial charges | 65 | €18,112 | €24,691 | +€6,579 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €49,538 | €118,535 | +€68,996 | +139% |
| Income taxes | 67/77 | €16,661 | €18,658 | +€1,997 | +12.0% |
| Profit (loss) for the period | 9904 | €32,877 | €99,876 | +€66,999 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €32,877 | €99,876 | +€66,999 | +204% |
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 25 October 2026 via checked.be.