META INVEST: 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 INVEST
Largest movements
- Cash +€155,569
up €155,569 (+70.0%), from €222,310 to €377,878
mainly Net result for the year (+€189,167) and Depreciation (+€39,237)
- Tangible fixed assets -€39,237
down €39,237 (-3.4%), from €1.2m to €1.1m
of which Land and buildings: -€39,237
- Reserves +€189,167
up €189,167 (+35.5%), from €533,407 to €722,574
of which Distributable reserves: +€189,167
- Debts after one year -€58,812
down €58,812 (-10.1%), from €581,010 to €522,198
- Gross operating margin +€46,534
up €46,534 (+14.1%), from €330,840 to €377,374
- Taxes +€15,489
up €15,489 (+17.4%), from €88,782 to €104,271
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 | €1,385,259 | €1,505,544 | +€120,285 | +8.7% |
| Fixed assets | 21/28 | €1,151,172 | €1,111,936 | -€39,237 | -3.4% |
| Tangible fixed assets | 22/27 | €1,151,172 | €1,111,936 | -€39,237 | -3.4% |
| Land and buildings | 22 | €610,343 | €571,107 | -€39,237 | -6.4% |
| Other tangible fixed assets | 26 | €540,829 | €540,829 | = | 0.0% |
| Current assets | 29/58 | €234,087 | €393,608 | +€159,522 | +68.1% |
| Amounts receivable within one year | 40/41 | €11,777 | €15,730 | +€3,953 | +33.6% |
| Trade receivables | 40 | €11,777 | €15,730 | +€3,953 | +33.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €222,310 | €377,878 | +€155,569 | +70.0% |
| Total equity and liabilities | 10/49 | €1,385,259 | €1,505,544 | +€120,285 | +8.7% |
| Equity | 10/15 | €595,407 | €784,574 | +€189,167 | +31.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €533,407 | €722,574 | +€189,167 | +35.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €527,207 | €716,374 | +€189,167 | +35.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €789,852 | €720,970 | -€68,882 | -8.7% |
| Amounts payable after more than one year | 17 | €581,010 | €522,198 | -€58,812 | -10.1% |
| Financial debts | 170/4 | €581,010 | €522,198 | -€58,812 | -10.1% |
| Amounts payable within one year | 42/48 | €189,380 | €181,748 | -€7,632 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €57,633 | €58,812 | +€1,180 | +2.0% |
| Trade debts | 44 | €3,316 | €3,628 | +€312 | +9.4% |
| Suppliers | 440/4 | €3,316 | €3,628 | +€312 | +9.4% |
| Taxes, remuneration and social security | 45 | €10,432 | €12,832 | +€2,400 | +23.0% |
| Taxes | 450/3 | €10,432 | €12,832 | +€2,400 | +23.0% |
| Other amounts payable | 47/48 | €117,999 | €106,475 | -€11,524 | -9.8% |
| Accrued charges and deferred income | 492/3 | €19,463 | €17,025 | -€2,438 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,237 | €39,237 | +€0 | 0.0% |
| Other operating charges | 640/8 | €18,183 | €18,714 | +€531 | +2.9% |
| Gross operating margin | 9900 | €330,840 | €377,374 | +€46,534 | +14.1% |
| Operating profit (loss) | 9901 | €273,421 | €319,424 | +€46,003 | +16.8% |
| Financial charges | 65/66B | €23,434 | €25,986 | +€2,552 | +10.9% |
| Recurring financial charges | 65 | €23,434 | €25,986 | +€2,552 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €249,986 | €293,438 | +€43,452 | +17.4% |
| Income taxes | 67/77 | €88,782 | €104,271 | +€15,489 | +17.4% |
| Profit (loss) for the period | 9904 | €161,205 | €189,167 | +€27,963 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €161,205 | €189,167 | +€27,963 | +17.3% |
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 27 October 2026 via checked.be.