MET-NAPOLI: 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-NAPOLI
Largest movements
- Tangible fixed assets -€4,401
down €4,401 (-48.9%), from €9,009 to €4,608
of which Furniture and vehicles: -€4,568
- Cash -€1,802
down €1,802 (-3.7%), from €48,065 to €46,263
mainly Contributions, distributions and other (-€20,000) and Current portion of long-term debt (-€2,533)
- Reserves -€4,888
down €4,888 (-26.9%), from €18,166 to €13,278
of which Distributable reserves: -€4,888
- Current portion of long-term debt -€2,533
down €2,533 (-74.8%), from €3,387 to €854
- Other debts +€1,352
up €1,352 (+6.8%), from €20,000 to €21,352
- Trade debts +€939
up €939 (+120%), from €785 to €1,724
- Debts after one year -€854
no longer reported in 2025 (was €854)
- Gross operating margin +€4,184
up €4,184 (+11.5%), from €36,285 to €40,469
- Other operating charges +€1,014
up €1,014 (+197%), from €516 to €1,530
- Financial charges +€682
up €682 (+142%), from €480 to €1,162
- Depreciation +€476
up €476 (+8.2%), from €5,779 to €6,255
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 | €60,471 | €54,602 | -€5,869 | -9.7% |
| Fixed assets | 21/28 | €10,259 | €5,858 | -€4,401 | -42.9% |
| Tangible fixed assets | 22/27 | €9,009 | €4,608 | -€4,401 | -48.9% |
| Plant, machinery and equipment | 23 | €3,203 | €3,370 | +€167 | +5.2% |
| Furniture and vehicles | 24 | €5,806 | €1,238 | -€4,568 | -78.7% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €50,212 | €48,744 | -€1,468 | -2.9% |
| Stocks and contracts in progress | 3 | €1,882 | €2,358 | +€476 | +25.3% |
| Stocks | 30/36 | €1,882 | €2,358 | +€476 | +25.3% |
| Amounts receivable within one year | 40/41 | €265 | €123 | -€142 | -53.6% |
| Other amounts receivable | 41 | €265 | €123 | -€142 | -53.6% |
| Cash at bank and in hand | 54/58 | €48,065 | €46,263 | -€1,802 | -3.7% |
| Total equity and liabilities | 10/49 | €60,471 | €54,602 | -€5,869 | -9.7% |
| Equity | 10/15 | €34,766 | €29,878 | -€4,888 | -14.1% |
| Contributions | 10/11 | €16,600 | €16,600 | = | 0.0% |
| Reserves | 13 | €18,166 | €13,278 | -€4,888 | -26.9% |
| Non-distributable reserves | 130/1 | €880 | €880 | = | 0.0% |
| Reserves not available under the articles | 1311 | €880 | €880 | = | 0.0% |
| Distributable reserves | 133 | €17,286 | €12,398 | -€4,888 | -28.3% |
| Amounts payable | 17/49 | €25,705 | €24,724 | -€981 | -3.8% |
| Amounts payable after more than one year | 17 | €854 | - | -€854 | |
| Financial debts | 170/4 | €854 | - | -€854 | |
| Amounts payable within one year | 42/48 | €24,851 | €24,724 | -€127 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €3,387 | €854 | -€2,533 | -74.8% |
| Trade debts | 44 | €785 | €1,724 | +€939 | +120% |
| Suppliers | 440/4 | €785 | €1,724 | +€939 | +120% |
| Taxes, remuneration and social security | 45 | €679 | €794 | +€115 | +16.9% |
| Taxes | 450/3 | €679 | €403 | -€276 | -40.6% |
| Remuneration and social security | 454/9 | - | €391 | +€391 | |
| Other amounts payable | 47/48 | €20,000 | €21,352 | +€1,352 | +6.8% |
| Remuneration, social security and pensions | 62 | €10,878 | €11,012 | +€134 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,779 | €6,255 | +€476 | +8.2% |
| Other operating charges | 640/8 | €516 | €1,530 | +€1,014 | +197% |
| Gross operating margin | 9900 | €36,285 | €40,469 | +€4,184 | +11.5% |
| Operating profit (loss) | 9901 | €19,112 | €21,672 | +€2,560 | +13.4% |
| Financial charges | 65/66B | €480 | €1,162 | +€682 | +142% |
| Recurring financial charges | 65 | €480 | €1,162 | +€682 | +142% |
| Profit (loss) for the period before taxes | 9903 | €18,632 | €20,510 | +€1,878 | +10.1% |
| Income taxes | 67/77 | €5,137 | €5,398 | +€261 | +5.1% |
| Profit (loss) for the period | 9904 | €13,495 | €15,112 | +€1,617 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,495 | €15,112 | +€1,617 | +12.0% |
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 29 October 2026 via checked.be.