ME-TRIX: what changed
Two fiscal 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.
ME-TRIX
Largest movements
- Receivables within one year +€18,864
up €18,864 (+29.2%), from €64,530 to €83,393
of which Trade receivables: +€23,104
- Cash +€17,642
up €17,642 (+18.5%), from €95,587 to €113,229
mainly Net result for the year (+€114,111) and Other debts (+€50,000)
- Tangible fixed assets -€6,643
down €6,643 (-26.1%), from €25,425 to €18,782
of which Plant, machinery and equipment: -€5,218
- Other debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Trade debts -€33,400
down €33,400 (-74.3%), from €44,935 to €11,535
- Reserves +€14,111
up €14,111 (+16.8%), from €84,191 to €98,302
- Gross operating margin +€50,813
up €50,813 (+68.4%), from €74,298 to €125,110
- Depreciation +€5,497
up €5,497 (+480.1%), from €1,145 to €6,643
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 | €185,621 | €215,484 | +€29,863 | +16.1% |
| Fixed assets | 21/28 | €25,505 | €18,862 | -€6,643 | -26.0% |
| Tangible fixed assets | 22/27 | €25,425 | €18,782 | -€6,643 | -26.1% |
| Plant, machinery and equipment | 23 | €20,243 | €15,025 | -€5,218 | -25.8% |
| Furniture and vehicles | 24 | €5,182 | €3,757 | -€1,425 | -27.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €160,116 | €196,622 | +€36,506 | +22.8% |
| Amounts receivable within one year | 40/41 | €64,530 | €83,393 | +€18,864 | +29.2% |
| Trade receivables | 40 | €58,907 | €82,011 | +€23,104 | +39.2% |
| Other amounts receivable | 41 | €5,622 | €1,382 | -€4,240 | -75.4% |
| Cash at bank and in hand | 54/58 | €95,587 | €113,229 | +€17,642 | +18.5% |
| Total equity and liabilities | 10/49 | €185,621 | €215,484 | +€29,863 | +16.1% |
| Equity | 10/15 | €86,191 | €100,302 | +€14,111 | +16.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €84,191 | €98,302 | +€14,111 | +16.8% |
| Distributable reserves | 133 | €84,191 | €98,302 | +€14,111 | +16.8% |
| Amounts payable | 17/49 | €99,431 | €115,183 | +€15,752 | +15.8% |
| Amounts payable within one year | 42/48 | €99,431 | €115,183 | +€15,752 | +15.8% |
| Trade debts | 44 | €44,935 | €11,535 | -€33,400 | -74.3% |
| Suppliers | 440/4 | €44,935 | €11,535 | -€33,400 | -74.3% |
| Taxes, remuneration and social security | 45 | €4,496 | €3,648 | -€848 | -18.9% |
| Taxes | 450/3 | €4,496 | €3,648 | -€848 | -18.9% |
| Other amounts payable | 47/48 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €6,643 | +€5,497 | +480.1% |
| Other operating charges | 640/8 | €640 | €691 | +€51 | +8.0% |
| Gross operating margin | 9900 | €74,298 | €125,110 | +€50,813 | +68.4% |
| Operating profit (loss) | 9901 | €72,512 | €117,777 | +€45,264 | +62.4% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.9% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.9% |
| Financial charges | 65/66B | €53 | €48 | -€5 | -8.9% |
| Recurring financial charges | 65 | €53 | €48 | -€5 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €72,468 | €117,729 | +€45,261 | +62.5% |
| Income taxes | 67/77 | €4,496 | €3,618 | -€878 | -19.5% |
| Profit (loss) for the period | 9904 | €67,972 | €114,111 | +€46,139 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,972 | €114,111 | +€46,139 | +67.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.