SPECIALTY METALS RESOURCES: what changed
What changed
SPECIALTY METALS RESOURCES
NACE 46.820, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · -€616,767+€1.7m
Equity
€5.1m
2024 · €4.0m+€1.1m
Cash
€219,737
2024 · €812,150-€592,413
Balance sheet total
€19.9m
2024 · €18.1m+€1.8m
Largest movements
Assets
- Stocks and contracts +€3.7m
up €3.7m (+59.7%), from €6.3m to €10.0m
- Receivables within one year -€1.3m
down €1.3m (-59.2%), from €2.3m to €925,356
of which Trade receivables: -€1.2m
- Cash -€592,413
down €592,413 (-72.9%), from €812,150 to €219,737
mainly Stocks and contracts (-€3.7m) and Trade debts (-€456,502)
Equity and liabilities
- Short-term financial debts +€1.7m
up €1.7m (+25.9%), from €6.5m to €8.1m
of which Other loans: +€1.1m
- Profit (loss) carried forward +€1.1m
up €1.1m (+38.8%), from €2.9m to €4.0m
- Trade debts -€456,502
down €456,502 (-10.4%), from €4.4m to €3.9m
- Tax, wage and social debts -€249,568
down €249,568 (-96.3%), from €259,130 to €9,562
- Debts after one year -€222,986
down €222,986 (-7.6%), from €2.9m to €2.7m
Income statement
- Turnover -€6.1m
down €6.1m (-35.7%), from €17.1m to €11.0m
- Goods and materials -€6.0m
down €6.0m (-37.1%), from €16.0m to €10.1m
of which Change in stocks: decrease (increase): -€4.8m
- Financial income +€860,382
up €860,382 (+242%), from €355,572 to €1.2m
- Financial charges -€789,402
down €789,402 (-53.7%), from €1.5m to €680,104
- Services and other goods -€238,687
down €238,687 (-45.1%), from €529,047 to €290,360
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.
Result 2024
-€616,767
Turnover
-€6.1m
Other operating income
-€65,734
Goods and materials
+€6.0m
Services and other goods
+€238,687
Depreciation
+€743
Other operating charges
-€144
Financial income
+€860,382
Financial charges
+€789,402
Taxes
+€59,416
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
-€2.0m
Investment
-€962
Financing
+€1.4m
Cash 2024
€812,150
From operations (derived)
-€2.0m
Net result for the year
+€1.1m
Depreciation
+€3,223
Stocks and contracts
-€3.7m
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€15,754
Trade debts
-€456,502
Tax, wage and social debts
-€249,568
Accrued charges and deferred income
-€32,360
Investment (derived)
-€962
Investment in fixed assets (net)
-€962
Financing
+€1.4m
Debts after one year
-€222,986
Short-term financial debts
+€1.7m
Cash 2025
€219,737
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,077,541 | €19,900,254 | +€1.8m | +10.1% |
| Fixed assets | 21/28 | €8,487,050 | €8,484,790 | -€2,260 | 0.0% |
| Intangible fixed assets | 21 | €1,853 | €644 | -€1,209 | -65.2% |
| Tangible fixed assets | 22/27 | €2,815 | €1,763 | -€1,052 | -37.4% |
| Furniture and vehicles | 24 | €2,815 | €1,763 | -€1,052 | -37.4% |
| Financial fixed assets | 28 | €8,482,383 | €8,482,383 | = | 0.0% |
| Affiliated companies | 280/1 | €1,697,978 | €1,697,978 | = | 0.0% |
| Participating interests | 280 | €1,697,978 | €1,697,978 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €6,784,405 | €6,784,405 | = | 0.0% |
| Participating interests | 282 | €6,159,271 | €6,159,271 | = | 0.0% |
| Amounts receivable | 283 | €625,134 | €625,134 | = | 0.0% |
| Current assets | 29/58 | €9,590,491 | €11,415,464 | +€1.8m | +19.0% |
| Stocks and contracts in progress | 3 | €6,280,373 | €10,027,405 | +€3.7m | +59.7% |
| Stocks | 30/36 | €6,280,373 | €10,027,405 | +€3.7m | +59.7% |
| Goods purchased for resale | 34 | €6,280,373 | €10,027,405 | +€3.7m | +59.7% |
| Amounts receivable within one year | 40/41 | €2,270,755 | €925,356 | -€1.3m | -59.2% |
| Trade receivables | 40 | €2,118,144 | €917,064 | -€1.2m | -56.7% |
| Other amounts receivable | 41 | €152,610 | €8,292 | -€144,318 | -94.6% |
| Cash at bank and in hand | 54/58 | €812,150 | €219,737 | -€592,413 | -72.9% |
| Deferred charges and accrued income | 490/1 | €227,213 | €242,967 | +€15,754 | +6.9% |
| Total equity and liabilities | 10/49 | €18,077,541 | €19,900,254 | +€1.8m | +10.1% |
| Equity | 10/15 | €3,967,449 | €5,080,893 | +€1.1m | +28.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,867,449 | €3,980,893 | +€1.1m | +38.8% |
| Amounts payable | 17/49 | €14,110,092 | €14,819,360 | +€709,269 | +5.0% |
| Amounts payable after more than one year | 17 | €2,925,114 | €2,702,128 | -€222,986 | -7.6% |
| Financial debts | 170/4 | €2,925,114 | €2,702,128 | -€222,986 | -7.6% |
| Subordinated loans | 170 | €2,925,114 | €2,702,128 | -€222,986 | -7.6% |
| Amounts payable within one year | 42/48 | €11,086,181 | €12,050,796 | +€964,615 | +8.7% |
| Financial debts | 43 | €6,451,826 | €8,122,511 | +€1.7m | +25.9% |
| Credit institutions | 430/8 | €6,451,826 | €7,042,128 | +€590,301 | +9.1% |
| Other loans | 439 | - | €1,080,384 | +€1.1m | |
| Trade debts | 44 | €4,375,224 | €3,918,722 | -€456,502 | -10.4% |
| Suppliers | 440/4 | €4,375,224 | €3,918,722 | -€456,502 | -10.4% |
| Taxes, remuneration and social security | 45 | €259,130 | €9,562 | -€249,568 | -96.3% |
| Taxes | 450/3 | €259,130 | €9,562 | -€249,568 | -96.3% |
| Accrued charges and deferred income | 492/3 | €98,797 | €66,437 | -€32,360 | -32.8% |
| Operating income | 70/76A | €17,155,524 | €10,983,240 | -€6.2m | -36.0% |
| Turnover | 70 | €17,088,140 | €10,981,590 | -€6.1m | -35.7% |
| Other operating income | 74 | €67,384 | €1,650 | -€65,734 | -97.6% |
| Operating charges | 60/66A | €16,578,663 | €10,385,369 | -€6.2m | -37.4% |
| Goods for resale, raw materials and consumables | 60 | €16,045,500 | €10,091,492 | -€6.0m | -37.1% |
| Purchases | 600/8 | €14,968,476 | €13,838,523 | -€1.1m | -7.5% |
| Change in stocks: decrease (increase) | 609 | €1,077,024 | -€3,747,031 | -€4.8m | |
| Services and other goods | 61 | €529,047 | €290,360 | -€238,687 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,965 | €3,223 | -€743 | -18.7% |
| Other operating charges | 640/8 | €151 | €295 | +€144 | +95.4% |
| Operating profit (loss) | 9901 | €576,860 | €597,871 | +€21,010 | +3.6% |
| Financial income | 75/76B | €355,572 | €1,215,955 | +€860,382 | +242% |
| Recurring financial income | 75 | €355,572 | €1,215,955 | +€860,382 | +242% |
| Income from financial fixed assets | 750 | €355,572 | €510,363 | +€154,790 | +43.5% |
| Other financial income | 752/9 | - | €705,592 | +€705,592 | |
| Financial charges | 65/66B | €1,469,506 | €680,104 | -€789,402 | -53.7% |
| Recurring financial charges | 65 | €1,469,506 | €680,104 | -€789,402 | -53.7% |
| Debt charges | 650 | €811,809 | €628,137 | -€183,672 | -22.6% |
| Other financial charges | 652/9 | €657,697 | €51,967 | -€605,730 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | -€537,074 | €1,133,722 | +€1.7m | |
| Income taxes | 67/77 | €79,693 | €20,277 | -€59,416 | -74.6% |
| Taxes | 670/3 | €79,693 | €32,759 | -€46,934 | -58.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €12,482 | +€12,482 | |
| Profit (loss) for the period | 9904 | -€616,767 | €1,113,444 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€616,767 | €1,113,444 | +€1.7m |
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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.