Metalnova: what changed
Metalnova
Largest movements
- Tangible fixed assets -€18,099
down €18,099 (-100%), from €18,099 to €0
- Intangible fixed assets +€16,849
new in 2025: €16,849
- Cash +€12,642
up €12,642 (+961%), from €1,316 to €13,958
mainly Advances received (+€26,525) and Depreciation (+€1,346)
- Receivables within one year +€7,130
up €7,130 (+30.9%), from €23,083 to €30,213
of which Trade receivables: +€25,421
- Advances received +€26,525
new in 2025: €26,525
- Debts after one year -€5,934
down €5,934 (-39.5%), from €15,029 to €9,095
- Trade debts -€1,982
down €1,982 (-87.6%), from €2,262 to €280
- Other debts -€1,403
down €1,403 (-84.9%), from €1,652 to €249
- Write-downs +€6,713
new in 2025: €6,713
- Depreciation -€4,687
down €4,687 (-77.7%), from €6,033 to €1,346
- Gross operating margin +€4,335
up €4,335 (+60.1%), from €7,208 to €11,543
- Financial charges +€1,373
up €1,373 (+205%), from €669 to €2,042
- Other operating charges +€493
up €493 (+140%), from €351 to €844
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,498 | €61,020 | +€18,522 | +43.6% |
| Fixed assets | 21/28 | €18,099 | €16,849 | -€1,250 | -6.9% |
| Intangible fixed assets | 21 | - | €16,849 | +€16,849 | |
| Tangible fixed assets | 22/27 | €18,099 | €0 | -€18,099 | -100% |
| Furniture and vehicles | 24 | €18,099 | €0 | -€18,099 | -100% |
| Current assets | 29/58 | €24,399 | €44,170 | +€19,772 | +81.0% |
| Amounts receivable within one year | 40/41 | €23,083 | €30,213 | +€7,130 | +30.9% |
| Trade receivables | 40 | €4,792 | €30,213 | +€25,421 | +531% |
| Other amounts receivable | 41 | €18,291 | €0 | -€18,291 | -100% |
| Cash at bank and in hand | 54/58 | €1,316 | €13,958 | +€12,642 | +961% |
| Total equity and liabilities | 10/49 | €42,498 | €61,020 | +€18,522 | +43.6% |
| Equity | 10/15 | €15,914 | €16,253 | +€339 | +2.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Contributions outside capital | 11 | €12,000 | - | -€12,000 | |
| Other | 1109/19 | €12,000 | - | -€12,000 | |
| Profit (loss) carried forward | 14 | €3,914 | €4,253 | +€339 | +8.7% |
| Amounts payable | 17/49 | €26,584 | €44,766 | +€18,183 | +68.4% |
| Amounts payable after more than one year | 17 | €15,029 | €9,095 | -€5,934 | -39.5% |
| Financial debts | 170/4 | €15,029 | €9,095 | -€5,934 | -39.5% |
| Amounts payable within one year | 42/48 | €11,555 | €35,671 | +€24,116 | +209% |
| Current portion of amounts payable after more than one year | 42 | €7,491 | €8,052 | +€561 | +7.5% |
| Trade debts | 44 | €2,262 | €280 | -€1,982 | -87.6% |
| Suppliers | 440/4 | €2,262 | €280 | -€1,982 | -87.6% |
| Advances received on contracts in progress | 46 | - | €26,525 | +€26,525 | |
| Taxes, remuneration and social security | 45 | €150 | €566 | +€415 | +276% |
| Taxes | 450/3 | €150 | €566 | +€415 | +276% |
| Other amounts payable | 47/48 | €1,652 | €249 | -€1,403 | -84.9% |
| Non-recurring operating income | 76A | - | €3,822 | +€3,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,033 | €1,346 | -€4,687 | -77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,713 | +€6,713 | |
| Other operating charges | 640/8 | €351 | €844 | +€493 | +140% |
| Gross operating margin | 9900 | €7,208 | €11,543 | +€4,335 | +60.1% |
| Operating profit (loss) | 9901 | €824 | €2,640 | +€1,817 | +221% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €669 | €2,042 | +€1,373 | +205% |
| Recurring financial charges | 65 | €669 | €2,042 | +€1,373 | +205% |
| Profit (loss) for the period before taxes | 9903 | €155 | €601 | +€447 | +289% |
| Income taxes | 67/77 | €150 | €262 | +€112 | +74.5% |
| Profit (loss) for the period | 9904 | €4 | €339 | +€335 | +7,877% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €339 | +€335 | +7,877% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.