Van Metael: 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.
Van Metael
Largest movements
- Cash -€10,738
down €10,738 (-32.9%), from €32,607 to €21,870
mainly Contributions, distributions and other (-€20,900) and Debts after one year (-€15,484)
- Tangible fixed assets -€5,914
down €5,914 (-9.2%), from €64,395 to €58,481
of which Plant, machinery and equipment: -€3,184
- Receivables within one year +€4,821
up €4,821 (+46.9%), from €10,281 to €15,102
of which Trade receivables: +€8,071
- Debts after one year -€15,484
down €15,484 (-29.3%), from €52,929 to €37,445
- Other debts +€15,115
up €15,115 (+780.1%), from €1,938 to €17,053
- Reserves -€5,858
down €5,858 (-27.9%), from €20,974 to €15,116
- Tax, wage and social debts -€3,778
down €3,778 (-32.6%), from €11,602 to €7,824
- Trade debts -€3,394
down €3,394 (-53.2%), from €6,377 to €2,983
- Gross operating margin +€17,616
up €17,616 (+88.7%), from €19,857 to €37,474
- Taxes +€4,377
up €4,377 (+1822.9%), from €240 to €4,617
- Other operating charges +€969
up €969 (+243.0%), from €399 to €1,367
- Financial charges +€819
up €819 (+52.0%), from €1,575 to €2,394
- Depreciation +€656
up €656 (+4.9%), from €13,403 to €14,058
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.
Cash bridge derived
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 | €110,271 | €97,410 | -€12,862 | -11.7% |
| Fixed assets | 21/28 | €65,415 | €58,481 | -€6,934 | -10.6% |
| Tangible fixed assets | 22/27 | €64,395 | €58,481 | -€5,914 | -9.2% |
| Plant, machinery and equipment | 23 | €9,411 | €6,228 | -€3,184 | -33.8% |
| Furniture and vehicles | 24 | €54,984 | €52,254 | -€2,730 | -5.0% |
| Financial fixed assets | 28 | €1,020 | €0 | -€1,020 | -100.0% |
| Current assets | 29/58 | €44,856 | €38,928 | -€5,928 | -13.2% |
| Stocks and contracts in progress | 3 | €460 | €594 | +€134 | +29.1% |
| Stocks | 30/36 | €460 | €594 | +€134 | +29.1% |
| Amounts receivable within one year | 40/41 | €10,281 | €15,102 | +€4,821 | +46.9% |
| Trade receivables | 40 | €6,934 | €15,005 | +€8,071 | +116.4% |
| Other amounts receivable | 41 | €3,347 | €97 | -€3,250 | -97.1% |
| Cash at bank and in hand | 54/58 | €32,607 | €21,870 | -€10,738 | -32.9% |
| Deferred charges and accrued income | 490/1 | €1,509 | €1,363 | -€145 | -9.6% |
| Total equity and liabilities | 10/49 | €110,271 | €97,410 | -€12,862 | -11.7% |
| Equity | 10/15 | €22,474 | €16,616 | -€5,858 | -26.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €20,974 | €15,116 | -€5,858 | -27.9% |
| Distributable reserves | 133 | €20,974 | €15,116 | -€5,858 | -27.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €87,798 | €80,794 | -€7,004 | -8.0% |
| Amounts payable after more than one year | 17 | €52,929 | €37,445 | -€15,484 | -29.3% |
| Financial debts | 170/4 | €52,929 | €37,445 | -€15,484 | -29.3% |
| Amounts payable within one year | 42/48 | €34,869 | €43,349 | +€8,480 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €14,952 | €15,484 | +€532 | +3.6% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €6,377 | €2,983 | -€3,394 | -53.2% |
| Suppliers | 440/4 | €6,377 | €2,983 | -€3,394 | -53.2% |
| Taxes, remuneration and social security | 45 | €11,602 | €7,824 | -€3,778 | -32.6% |
| Taxes | 450/3 | €11,602 | €7,824 | -€3,778 | -32.6% |
| Other amounts payable | 47/48 | €1,938 | €17,053 | +€15,115 | +780.1% |
| Non-recurring operating income | 76A | €7,219 | €0 | -€7,219 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,403 | €14,058 | +€656 | +4.9% |
| Other operating charges | 640/8 | €399 | €1,367 | +€969 | +243.0% |
| Gross operating margin | 9900 | €19,857 | €37,474 | +€17,616 | +88.7% |
| Operating profit (loss) | 9901 | €6,056 | €22,048 | +€15,992 | +264.1% |
| Financial income | 75/76B | €3 | €5 | +€2 | +53.8% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +53.8% |
| Financial charges | 65/66B | €1,575 | €2,394 | +€819 | +52.0% |
| Recurring financial charges | 65 | €1,575 | €2,394 | +€819 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €4,485 | €19,660 | +€15,175 | +338.4% |
| Income taxes | 67/77 | €240 | €4,617 | +€4,377 | +1822.9% |
| Profit (loss) for the period | 9904 | €4,245 | €15,042 | +€10,797 | +254.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,245 | €15,042 | +€10,797 | +254.4% |
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 12 October 2026 via checked.be.