DE MET 11: 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.
DE MET 11
Largest movements
- Cash +€28,235
up €28,235 (+33.0%), from €85,535 to €113,769
mainly Depreciation (+€40,025) and Net result for the year (+€26,175)
- Tangible fixed assets -€12,305
down €12,305 (-3.9%), from €316,445 to €304,141
of which Furniture and vehicles: -€16,842
- Receivables within one year +€11,690
up €11,690 (+5,377%), from €217 to €11,908
of which Trade receivables: +€9,031
- Reserves +€26,175
up €26,175 (+28.9%), from €90,497 to €116,672
of which Distributable reserves: +€26,175
- Trade debts +€21,703
up €21,703 (+74.8%), from €29,028 to €50,731
- Other debts -€14,581
down €14,581 (-17.8%), from €81,964 to €67,383
- Debts after one year -€14,326
down €14,326 (-7.1%), from €202,122 to €187,796
- Current portion of long-term debt +€5,116
up €5,116 (+15.7%), from €32,489 to €37,604
- Gross operating margin +€26,507
up €26,507 (+24.9%), from €106,527 to €133,034
- Taxes +€6,031
up €6,031 (+122%), from €4,953 to €10,985
- Staff costs +€1,841
up €1,841 (+4.7%), from €38,943 to €40,784
- Financial charges +€1,836
up €1,836 (+17.3%), from €10,635 to €12,470
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.
Derived cash bridge
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 | €477,154 | €502,021 | +€24,867 | +5.2% |
| Fixed assets | 21/28 | €316,445 | €304,141 | -€12,305 | -3.9% |
| Tangible fixed assets | 22/27 | €316,445 | €304,141 | -€12,305 | -3.9% |
| Land and buildings | 22 | €243,885 | €251,041 | +€7,156 | +2.9% |
| Plant, machinery and equipment | 23 | €2,640 | €1,187 | -€1,453 | -55.0% |
| Furniture and vehicles | 24 | €67,553 | €50,711 | -€16,842 | -24.9% |
| Leasing and similar rights | 25 | €1,217 | €166 | -€1,051 | -86.3% |
| Other tangible fixed assets | 26 | €1,150 | €1,035 | -€115 | -10.0% |
| Current assets | 29/58 | €160,709 | €197,881 | +€37,172 | +23.1% |
| Stocks and contracts in progress | 3 | €74,684 | €71,883 | -€2,801 | -3.8% |
| Stocks | 30/36 | €74,684 | €71,883 | -€2,801 | -3.8% |
| Amounts receivable within one year | 40/41 | €217 | €11,908 | +€11,690 | +5,377% |
| Trade receivables | 40 | €217 | €9,248 | +€9,031 | +4,154% |
| Other amounts receivable | 41 | €0 | €2,659 | +€2,659 | |
| Current investments | 50/53 | - | €97 | +€97 | |
| Cash at bank and in hand | 54/58 | €85,535 | €113,769 | +€28,235 | +33.0% |
| Deferred charges and accrued income | 490/1 | €273 | €224 | -€49 | -17.9% |
| Total equity and liabilities | 10/49 | €477,154 | €502,021 | +€24,867 | +5.2% |
| Equity | 10/15 | €109,497 | €135,672 | +€26,175 | +23.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €90,497 | €116,672 | +€26,175 | +28.9% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €88,597 | €114,772 | +€26,175 | +29.5% |
| Amounts payable | 17/49 | €367,657 | €366,349 | -€1,308 | -0.4% |
| Amounts payable after more than one year | 17 | €202,122 | €187,796 | -€14,326 | -7.1% |
| Financial debts | 170/4 | €202,122 | €187,796 | -€14,326 | -7.1% |
| Amounts payable within one year | 42/48 | €163,624 | €178,553 | +€14,929 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €32,489 | €37,604 | +€5,116 | +15.7% |
| Financial debts | 43 | €46 | €0 | -€46 | -100% |
| Credit institutions | 430/8 | €46 | €0 | -€46 | -100% |
| Trade debts | 44 | €29,028 | €50,731 | +€21,703 | +74.8% |
| Suppliers | 440/4 | €29,028 | €50,731 | +€21,703 | +74.8% |
| Taxes, remuneration and social security | 45 | €20,098 | €22,835 | +€2,738 | +13.6% |
| Taxes | 450/3 | €9,786 | €13,331 | +€3,546 | +36.2% |
| Remuneration and social security | 454/9 | €10,312 | €9,504 | -€808 | -7.8% |
| Other amounts payable | 47/48 | €81,964 | €67,383 | -€14,581 | -17.8% |
| Accrued charges and deferred income | 492/3 | €1,911 | €0 | -€1,911 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €38,943 | €40,784 | +€1,841 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,458 | €40,025 | +€566 | +1.4% |
| Other operating charges | 640/8 | €1,394 | €2,655 | +€1,261 | +90.5% |
| Non-recurring operating charges | 66A | - | €34 | +€34 | |
| Gross operating margin | 9900 | €106,527 | €133,034 | +€26,507 | +24.9% |
| Operating profit (loss) | 9901 | €26,732 | €49,537 | +€22,805 | +85.3% |
| Financial income | 75/76B | €310 | €94 | -€216 | -69.8% |
| Recurring financial income | 75 | €310 | €94 | -€216 | -69.8% |
| Financial charges | 65/66B | €10,635 | €12,470 | +€1,836 | +17.3% |
| Recurring financial charges | 65 | €10,635 | €12,470 | +€1,836 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €16,407 | €37,160 | +€20,753 | +126% |
| Income taxes | 67/77 | €4,953 | €10,985 | +€6,031 | +122% |
| Profit (loss) for the period | 9904 | €11,453 | €26,175 | +€14,722 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €11,453 | €26,175 | +€14,722 | +129% |
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 16 October 2026 via checked.be.