SF METAL CONSTRUCT: 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.
SF METAL CONSTRUCT
Largest movements
- Current investments +€20,004
new in 2026: €20,004
- Cash -€19,914
down €19,914 (-94.4%), from €21,084 to €1,170
mainly Current investments (-€20,004) and Investment in fixed assets (net) (-€11,453)
- Stocks and contracts +€3,800
new in 2026: €3,800
- Tangible fixed assets +€2,859
up €2,859 (+13.0%), from €22,056 to €24,915
of which Plant, machinery and equipment: +€7,130
- Receivables within one year -€2,606
down €2,606 (-16.9%), from €15,387 to €12,781
of which Other amounts receivable: -€2,566
- Trade debts -€10,885
down €10,885 (-47.5%), from €22,919 to €12,034
- Reserves +€10,285
up €10,285 (+48.4%), from €21,243 to €31,529
- Advances received +€5,757
new in 2026: €5,757
- Other debts -€4,681
down €4,681 (-78.8%), from €5,944 to €1,262
- Current portion of long-term debt +€3,096
up €3,096 (+89.7%), from €3,452 to €6,548
- Gross operating margin -€11,923
down €11,923 (-31.7%), from €37,564 to €25,641
- Taxes -€5,173
down €5,173 (-52.5%), from €9,856 to €4,684
- Depreciation +€3,607
up €3,607 (+72.3%), from €4,987 to €8,594
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,368 | €63,465 | +€4,097 | +6.9% |
| Fixed assets | 21/28 | €22,056 | €24,915 | +€2,859 | +13.0% |
| Tangible fixed assets | 22/27 | €22,056 | €24,915 | +€2,859 | +13.0% |
| Plant, machinery and equipment | 23 | €9,061 | €16,191 | +€7,130 | +78.7% |
| Furniture and vehicles | 24 | €12,995 | €8,724 | -€4,271 | -32.9% |
| Current assets | 29/58 | €37,312 | €38,550 | +€1,238 | +3.3% |
| Stocks and contracts in progress | 3 | - | €3,800 | +€3,800 | |
| Stocks | 30/36 | - | €3,800 | +€3,800 | |
| Amounts receivable within one year | 40/41 | €15,387 | €12,781 | -€2,606 | -16.9% |
| Trade receivables | 40 | €9,810 | €9,770 | -€40 | -0.4% |
| Other amounts receivable | 41 | €5,577 | €3,011 | -€2,566 | -46.0% |
| Current investments | 50/53 | - | €20,004 | +€20,004 | |
| Cash at bank and in hand | 54/58 | €21,084 | €1,170 | -€19,914 | -94.4% |
| Deferred charges and accrued income | 490/1 | €840 | €793 | -€47 | -5.6% |
| Total equity and liabilities | 10/49 | €59,368 | €63,465 | +€4,097 | +6.9% |
| Equity | 10/15 | €17,671 | €27,956 | +€10,285 | +58.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,243 | €31,529 | +€10,285 | +48.4% |
| Distributable reserves | 133 | €21,243 | €31,529 | +€10,285 | +48.4% |
| Profit (loss) carried forward | 14 | -€8,572 | -€8,572 | = | 0.0% |
| Amounts payable | 17/49 | €41,697 | €35,508 | -€6,189 | -14.8% |
| Amounts payable after more than one year | 17 | €9,383 | €9,845 | +€462 | +4.9% |
| Financial debts | 170/4 | €9,383 | €9,845 | +€462 | +4.9% |
| Amounts payable within one year | 42/48 | €32,314 | €25,602 | -€6,713 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €3,452 | €6,548 | +€3,096 | +89.7% |
| Trade debts | 44 | €22,919 | €12,034 | -€10,885 | -47.5% |
| Suppliers | 440/4 | €22,919 | €12,034 | -€10,885 | -47.5% |
| Advances received on contracts in progress | 46 | - | €5,757 | +€5,757 | |
| Other amounts payable | 47/48 | €5,944 | €1,262 | -€4,681 | -78.8% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €8,594 | +€3,607 | +72.3% |
| Other operating charges | 640/8 | €936 | €1,230 | +€293 | +31.3% |
| Gross operating margin | 9900 | €37,564 | €25,641 | -€11,923 | -31.7% |
| Operating profit (loss) | 9901 | €31,641 | €15,818 | -€15,824 | -50.0% |
| Financial income | 75/76B | €0 | €26 | +€26 | +65300.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +65300.0% |
| Financial charges | 65/66B | €542 | €875 | +€333 | +61.4% |
| Recurring financial charges | 65 | €542 | €875 | +€333 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €31,100 | €14,969 | -€16,130 | -51.9% |
| Income taxes | 67/77 | €9,856 | €4,684 | -€5,173 | -52.5% |
| Profit (loss) for the period | 9904 | €21,243 | €10,285 | -€10,958 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,243 | €10,285 | -€10,958 | -51.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.