META FORT: 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.
META FORT
Largest movements
- Receivables within one year +€282,638
up €282,638 (+126%), from €223,765 to €506,403
of which Trade receivables: +€279,928
- Cash -€33,341
down €33,341 (-91.2%), from €36,576 to €3,235
mainly Receivables within one year (-€282,638) and Investment in fixed assets (net) (-€49,068)
- Tangible fixed assets +€24,375
up €24,375 (+21.0%), from €116,271 to €140,646
of which Furniture and vehicles: +€29,825
- Trade debts +€228,646
up €228,646 (+215%), from €106,537 to €335,183
- Debts after one year +€16,701
up €16,701 (+13.3%), from €125,339 to €142,040
- Current portion of long-term debt +€11,023
up €11,023 (+67.1%), from €16,428 to €27,451
- Profit (loss) carried forward +€9,009
up €9,009 (+8.1%), from €111,609 to €120,618
- Purchases and services +€90,424
up €90,424 (+7.5%), from €1.2m to €1.3m
- Gross operating margin -€8,536
down €8,536 (-8.8%), from €97,518 to €88,981
- Depreciation -€4,512
down €4,512 (-13.6%), from €33,192 to €28,680
- Taxes -€3,207
down €3,207 (-40.7%), from €7,882 to €4,675
- Write-downs +€2,380
new in 2025: €2,380
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 | €395,608 | €665,293 | +€269,685 | +68.2% |
| Formation expenses | 20 | €15,369 | €11,382 | -€3,987 | -25.9% |
| Fixed assets | 21/28 | €119,361 | €143,736 | +€24,375 | +20.4% |
| Tangible fixed assets | 22/27 | €116,271 | €140,646 | +€24,375 | +21.0% |
| Land and buildings | 22 | €102,763 | €97,313 | -€5,450 | -5.3% |
| Furniture and vehicles | 24 | €13,508 | €43,333 | +€29,825 | +221% |
| Financial fixed assets | 28 | €3,090 | €3,090 | = | 0.0% |
| Current assets | 29/58 | €260,877 | €510,175 | +€249,297 | +95.6% |
| Amounts receivable within one year | 40/41 | €223,765 | €506,403 | +€282,638 | +126% |
| Trade receivables | 40 | €186,575 | €466,503 | +€279,928 | +150% |
| Other amounts receivable | 41 | €37,189 | €39,900 | +€2,711 | +7.3% |
| Cash at bank and in hand | 54/58 | €36,576 | €3,235 | -€33,341 | -91.2% |
| Deferred charges and accrued income | 490/1 | €537 | €537 | = | 0.0% |
| Total equity and liabilities | 10/49 | €395,608 | €665,293 | +€269,685 | +68.2% |
| Equity | 10/15 | €130,209 | €139,218 | +€9,009 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €111,609 | €120,618 | +€9,009 | +8.1% |
| Amounts payable | 17/49 | €265,399 | €526,075 | +€260,675 | +98.2% |
| Amounts payable after more than one year | 17 | €125,339 | €142,040 | +€16,701 | +13.3% |
| Financial debts | 170/4 | €125,339 | €142,040 | +€16,701 | +13.3% |
| Amounts payable within one year | 42/48 | €140,061 | €384,035 | +€243,974 | +174% |
| Current portion of amounts payable after more than one year | 42 | €16,428 | €27,451 | +€11,023 | +67.1% |
| Trade debts | 44 | €106,537 | €335,183 | +€228,646 | +215% |
| Suppliers | 440/4 | €106,537 | €335,183 | +€228,646 | +215% |
| Taxes, remuneration and social security | 45 | €17,096 | €21,402 | +€4,305 | +25.2% |
| Taxes | 450/3 | €16,405 | €16,174 | -€231 | -1.4% |
| Remuneration and social security | 454/9 | €691 | €5,228 | +€4,536 | +656% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,203,576 | €1,294,001 | +€90,424 | +7.5% |
| Remuneration, social security and pensions | 62 | €14,922 | €16,410 | +€1,488 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,192 | €28,680 | -€4,512 | -13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,380 | +€2,380 | |
| Other operating charges | 640/8 | €22,253 | €20,884 | -€1,370 | -6.2% |
| Non-recurring operating charges | 66A | €862 | €694 | -€168 | -19.5% |
| Gross operating margin | 9900 | €97,518 | €88,981 | -€8,536 | -8.8% |
| Operating profit (loss) | 9901 | €26,288 | €19,933 | -€6,355 | -24.2% |
| Financial income | 75/76B | €433 | €562 | +€129 | +29.8% |
| Recurring financial income | 75 | €433 | €562 | +€129 | +29.8% |
| Financial charges | 65/66B | €7,775 | €6,810 | -€965 | -12.4% |
| Recurring financial charges | 65 | €7,775 | €6,810 | -€965 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €18,946 | €13,685 | -€5,261 | -27.8% |
| Income taxes | 67/77 | €7,882 | €4,675 | -€3,207 | -40.7% |
| Profit (loss) for the period | 9904 | €11,064 | €9,009 | -€2,054 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,064 | €9,009 | -€2,054 | -18.6% |
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 23 October 2026 via checked.be.