MET & ART: 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 & ART
Largest movements
- Receivables within one year +€16,894
up €16,894 (+38.0%), from €44,453 to €61,347
of which Trade receivables: +€16,919
- Cash -€12,788
down €12,788 (-41.7%), from €30,633 to €17,845
mainly Other debts (-€24,855) and Receivables within one year (-€16,894)
- Tangible fixed assets -€6,406
down €6,406 (-37.9%), from €16,923 to €10,517
of which Furniture and vehicles: -€5,891
- Deferred charges and accrued income +€1,052
up €1,052 (+40.9%), from €2,570 to €3,622
- Other debts -€24,855
down €24,855 (-94.1%), from €26,416 to €1,561
- Profit (loss) carried forward +€20,844
up €20,844 (+50.1%), from €41,585 to €62,429
- Tax, wage and social debts +€4,775
up €4,775 (+167%), from €2,859 to €7,634
of which Taxes: +€6,375
- Trade debts -€2,012
down €2,012 (-39.3%), from €5,118 to €3,106
- Gross operating margin +€22,672
up €22,672 (+179%), from €12,699 to €35,370
- Taxes +€6,442
up €6,442 (+539%), from €1,195 to €7,637
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,579 | €93,331 | -€1,248 | -1.3% |
| Fixed assets | 21/28 | €16,923 | €10,517 | -€6,406 | -37.9% |
| Tangible fixed assets | 22/27 | €16,923 | €10,517 | -€6,406 | -37.9% |
| Plant, machinery and equipment | 23 | €1,014 | €498 | -€516 | -50.9% |
| Furniture and vehicles | 24 | €15,909 | €10,018 | -€5,891 | -37.0% |
| Current assets | 29/58 | €77,656 | €82,814 | +€5,158 | +6.6% |
| Amounts receivable within one year | 40/41 | €44,453 | €61,347 | +€16,894 | +38.0% |
| Trade receivables | 40 | €44,051 | €60,970 | +€16,919 | +38.4% |
| Other amounts receivable | 41 | €402 | €377 | -€25 | -6.3% |
| Cash at bank and in hand | 54/58 | €30,633 | €17,845 | -€12,788 | -41.7% |
| Deferred charges and accrued income | 490/1 | €2,570 | €3,622 | +€1,052 | +40.9% |
| Total equity and liabilities | 10/49 | €94,579 | €93,331 | -€1,248 | -1.3% |
| Equity | 10/15 | €60,185 | €81,029 | +€20,844 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,585 | €62,429 | +€20,844 | +50.1% |
| Amounts payable | 17/49 | €34,393 | €12,301 | -€22,092 | -64.2% |
| Amounts payable within one year | 42/48 | €34,393 | €12,301 | -€22,092 | -64.2% |
| Trade debts | 44 | €5,118 | €3,106 | -€2,012 | -39.3% |
| Suppliers | 440/4 | €5,118 | €3,106 | -€2,012 | -39.3% |
| Taxes, remuneration and social security | 45 | €2,859 | €7,634 | +€4,775 | +167% |
| Taxes | 450/3 | €1,259 | €7,634 | +€6,375 | +506% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €26,416 | €1,561 | -€24,855 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,917 | €6,700 | -€218 | -3.1% |
| Other operating charges | 640/8 | €159 | €54 | -€105 | -66.0% |
| Gross operating margin | 9900 | €12,699 | €35,370 | +€22,672 | +179% |
| Operating profit (loss) | 9901 | €5,622 | €28,617 | +€22,994 | +409% |
| Financial income | 75/76B | €1 | €9 | +€8 | +642% |
| Recurring financial income | 75 | €1 | €9 | +€8 | +642% |
| Financial charges | 65/66B | €143 | €145 | +€2 | +1.7% |
| Recurring financial charges | 65 | €143 | €145 | +€2 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €5,481 | €28,481 | +€23,000 | +420% |
| Income taxes | 67/77 | €1,195 | €7,637 | +€6,442 | +539% |
| Profit (loss) for the period | 9904 | €4,286 | €20,844 | +€16,558 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €4,286 | €20,844 | +€16,558 | +386% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.