WB&E Metal: 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.
WB&E Metal
Largest movements
- Cash -€18,033
down €18,033 (-30.5%), from €59,115 to €41,083
mainly Current portion of long-term debt (-€24,271) and Debts after one year (-€17,266)
- Deferred charges and accrued income -€13,519
down €13,519 (-44.1%), from €30,635 to €17,116
- Intangible fixed assets +€12,575
new in 2025: €12,575
- Profit (loss) carried forward +€26,945
up €26,945 (+57.2%), from -€47,129 to -€20,185
- Current portion of long-term debt -€24,271
down €24,271 (-58.4%), from €41,537 to €17,266
- Debts after one year -€17,266
down €17,266 (-85.4%), from €20,217 to €2,950
- Tax, wage and social debts -€12,026
down €12,026 (-13.3%), from €90,576 to €78,550
of which Taxes: -€15,577
- Trade debts +€4,582
up €4,582 (+5.2%), from €88,090 to €92,671
- Gross operating margin +€71,388
up €71,388 (+27.3%), from €261,688 to €333,076
- Staff costs -€45,898
down €45,898 (-15.3%), from €300,477 to €254,580
- Other operating charges +€33,626
up €33,626 (+2842.4%), from €1,183 to €34,809
- Taxes +€9,097
up €9,097 (+1286.2%), from €707 to €9,804
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 | €330,521 | €308,653 | -€21,868 | -6.6% |
| Fixed assets | 21/28 | €16,257 | €28,871 | +€12,614 | +77.6% |
| Intangible fixed assets | 21 | - | €12,575 | +€12,575 | |
| Tangible fixed assets | 22/27 | €2,368 | €2,407 | +€39 | +1.6% |
| Plant, machinery and equipment | 23 | €2,368 | €2,407 | +€39 | +1.6% |
| Financial fixed assets | 28 | €13,889 | €13,889 | = | 0.0% |
| Current assets | 29/58 | €314,264 | €279,782 | -€34,482 | -11.0% |
| Amounts receivable within one year | 40/41 | €224,513 | €221,583 | -€2,931 | -1.3% |
| Trade receivables | 40 | €208,873 | €202,774 | -€6,099 | -2.9% |
| Other amounts receivable | 41 | €15,641 | €18,809 | +€3,168 | +20.3% |
| Cash at bank and in hand | 54/58 | €59,115 | €41,083 | -€18,033 | -30.5% |
| Deferred charges and accrued income | 490/1 | €30,635 | €17,116 | -€13,519 | -44.1% |
| Total equity and liabilities | 10/49 | €330,521 | €308,653 | -€21,868 | -6.6% |
| Equity | 10/15 | €90,067 | €117,012 | +€26,945 | +29.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €137,096 | €137,096 | = | 0.0% |
| Distributable reserves | 133 | €137,096 | €137,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,129 | -€20,185 | +€26,945 | +57.2% |
| Amounts payable | 17/49 | €240,454 | €191,641 | -€48,813 | -20.3% |
| Amounts payable after more than one year | 17 | €20,217 | €2,950 | -€17,266 | -85.4% |
| Financial debts | 170/4 | €20,217 | €2,950 | -€17,266 | -85.4% |
| Amounts payable within one year | 42/48 | €220,238 | €188,691 | -€31,547 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €41,537 | €17,266 | -€24,271 | -58.4% |
| Financial debts | 43 | €35 | €203 | +€168 | +479.8% |
| Credit institutions | 430/8 | €35 | €203 | +€168 | +479.8% |
| Trade debts | 44 | €88,090 | €92,671 | +€4,582 | +5.2% |
| Suppliers | 440/4 | €88,090 | €92,671 | +€4,582 | +5.2% |
| Taxes, remuneration and social security | 45 | €90,576 | €78,550 | -€12,026 | -13.3% |
| Taxes | 450/3 | €60,029 | €44,452 | -€15,577 | -25.9% |
| Remuneration and social security | 454/9 | €30,548 | €34,099 | +€3,551 | +11.6% |
| Remuneration, social security and pensions | 62 | €300,477 | €254,580 | -€45,898 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,294 | €3,990 | -€304 | -7.1% |
| Other operating charges | 640/8 | €1,183 | €34,809 | +€33,626 | +2842.4% |
| Gross operating margin | 9900 | €261,688 | €333,076 | +€71,388 | +27.3% |
| Operating profit (loss) | 9901 | -€44,266 | €39,698 | +€83,964 | |
| Financial charges | 65/66B | €2,156 | €2,949 | +€793 | +36.8% |
| Recurring financial charges | 65 | €2,156 | €2,949 | +€793 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€46,422 | €36,749 | +€83,171 | |
| Income taxes | 67/77 | €707 | €9,804 | +€9,097 | +1286.2% |
| Profit (loss) for the period | 9904 | -€47,129 | €26,945 | +€74,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,129 | €26,945 | +€74,074 |
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.