MET: 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.
MET
Largest movements
- Cash +€61,076
up €61,076 (+46.0%), from €132,721 to €193,797
mainly Net result for the year (+€84,296) and Trade debts (+€37,343)
- Tangible fixed assets +€34,215
up €34,215 (+6.9%), from €497,853 to €532,069
of which Furniture and vehicles: +€46,364
- Trade debts +€37,343
up €37,343 (+265%), from €14,091 to €51,434
- Other debts +€30,675
up €30,675 (+64,879%), from €47 to €30,722
- Tax, wage and social debts +€17,063
up €17,063 (+95.2%), from €17,930 to €34,993
of which Taxes: +€9,952
- Gross operating margin +€98,340
up €98,340 (+26.7%), from €367,665 to €466,005
- Taxes +€20,853
up €20,853 (+231%), from €9,043 to €29,896
- Staff costs +€11,627
up €11,627 (+4.3%), from €270,311 to €281,938
- Depreciation +€8,764
up €8,764 (+41.5%), from €21,140 to €29,904
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 | €694,819 | €781,141 | +€86,322 | +12.4% |
| Fixed assets | 21/28 | €502,331 | €534,940 | +€32,608 | +6.5% |
| Intangible fixed assets | 21 | €4,478 | €2,871 | -€1,607 | -35.9% |
| Tangible fixed assets | 22/27 | €497,853 | €532,069 | +€34,215 | +6.9% |
| Land and buildings | 22 | €437,290 | €440,200 | +€2,910 | +0.7% |
| Plant, machinery and equipment | 23 | €44,113 | €30,775 | -€13,338 | -30.2% |
| Furniture and vehicles | 24 | €1,462 | €47,826 | +€46,364 | +3,170% |
| Other tangible fixed assets | 26 | €14,988 | €13,268 | -€1,720 | -11.5% |
| Current assets | 29/58 | €192,488 | €246,201 | +€53,713 | +27.9% |
| Stocks and contracts in progress | 3 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Stocks | 30/36 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €43,641 | €36,066 | -€7,575 | -17.4% |
| Trade receivables | 40 | - | €14,601 | +€14,601 | |
| Other amounts receivable | 41 | €43,641 | €21,465 | -€22,176 | -50.8% |
| Cash at bank and in hand | 54/58 | €132,721 | €193,797 | +€61,076 | +46.0% |
| Deferred charges and accrued income | 490/1 | €1,126 | €6,338 | +€5,212 | +463% |
| Total equity and liabilities | 10/49 | €694,819 | €781,141 | +€86,322 | +12.4% |
| Equity | 10/15 | €198,409 | €198,881 | +€472 | +0.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,409 | €165,881 | +€472 | +0.3% |
| Amounts payable | 17/49 | €496,410 | €582,260 | +€85,850 | +17.3% |
| Amounts payable after more than one year | 17 | €413,706 | €409,962 | -€3,743 | -0.9% |
| Financial debts | 170/4 | €413,706 | €409,962 | -€3,743 | -0.9% |
| Amounts payable within one year | 42/48 | €81,330 | €171,002 | +€89,672 | +110% |
| Current portion of amounts payable after more than one year | 42 | €49,262 | €53,854 | +€4,592 | +9.3% |
| Trade debts | 44 | €14,091 | €51,434 | +€37,343 | +265% |
| Suppliers | 440/4 | €14,091 | €51,434 | +€37,343 | +265% |
| Taxes, remuneration and social security | 45 | €17,930 | €34,993 | +€17,063 | +95.2% |
| Taxes | 450/3 | €6,038 | €15,990 | +€9,952 | +165% |
| Remuneration and social security | 454/9 | €11,892 | €19,002 | +€7,111 | +59.8% |
| Other amounts payable | 47/48 | €47 | €30,722 | +€30,675 | +64,879% |
| Accrued charges and deferred income | 492/3 | €1,375 | €1,295 | -€79 | -5.8% |
| Remuneration, social security and pensions | 62 | €270,311 | €281,938 | +€11,627 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,140 | €29,904 | +€8,764 | +41.5% |
| Other operating charges | 640/8 | €10,125 | €10,411 | +€285 | +2.8% |
| Gross operating margin | 9900 | €367,665 | €466,005 | +€98,340 | +26.7% |
| Operating profit (loss) | 9901 | €66,089 | €143,753 | +€77,664 | +118% |
| Financial income | 75/76B | €48 | €56 | +€7 | +15.0% |
| Recurring financial income | 75 | €48 | €56 | +€7 | +15.0% |
| Financial charges | 65/66B | €29,127 | €29,617 | +€490 | +1.7% |
| Recurring financial charges | 65 | €29,127 | €29,617 | +€490 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €37,010 | €114,191 | +€77,181 | +209% |
| Income taxes | 67/77 | €9,043 | €29,896 | +€20,853 | +231% |
| Profit (loss) for the period | 9904 | €27,967 | €84,296 | +€56,328 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €27,967 | €84,296 | +€56,328 | +201% |
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 24 October 2026 via checked.be.