META PERCORSO: 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 PERCORSO
Largest movements
- Cash +€100,054
up €100,054 (+104.0%), from €96,221 to €196,274
mainly Current investments (+€50,000) and Net result for the year (+€28,018)
- Current investments -€50,000
down €50,000 (-56.2%), from €88,959 to €38,959
- Receivables within one year -€22,714
down €22,714 (-67.5%), from €33,670 to €10,956
of which Trade receivables: -€23,078
- Reserves +€28,018
up €28,018 (+31.0%), from €90,467 to €118,485
- Tax, wage and social debts -€8,846
down €8,846 (-24.4%), from €36,209 to €27,363
- Trade debts +€7,365
up €7,365 (+80.7%), from €9,129 to €16,494
- Gross operating margin -€52,977
down €52,977 (-55.3%), from €95,831 to €42,854
- Taxes -€10,420
down €10,420 (-54.8%), from €19,024 to €8,604
- Financial charges -€3,940
down €3,940 (-90.6%), from €4,347 to €406
- Other operating charges +€1,811
up €1,811 (+596.3%), from €304 to €2,115
- Depreciation +€1,328
up €1,328 (+167.1%), from €794 to €2,122
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.
Cash bridge derived
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 | €225,194 | €253,983 | +€28,789 | +12.8% |
| Fixed assets | 21/28 | €6,153 | €5,952 | -€200 | -3.3% |
| Tangible fixed assets | 22/27 | €6,153 | €5,952 | -€200 | -3.3% |
| Furniture and vehicles | 24 | €6,153 | €5,952 | -€200 | -3.3% |
| Current assets | 29/58 | €219,041 | €248,031 | +€28,990 | +13.2% |
| Stocks and contracts in progress | 3 | €192 | €192 | = | 0.0% |
| Stocks | 30/36 | €192 | €192 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,670 | €10,956 | -€22,714 | -67.5% |
| Trade receivables | 40 | €33,670 | €10,592 | -€23,078 | -68.5% |
| Other amounts receivable | 41 | - | €364 | +€364 | |
| Current investments | 50/53 | €88,959 | €38,959 | -€50,000 | -56.2% |
| Cash at bank and in hand | 54/58 | €96,221 | €196,274 | +€100,054 | +104.0% |
| Deferred charges and accrued income | 490/1 | - | €1,650 | +€1,650 | |
| Total equity and liabilities | 10/49 | €225,194 | €253,983 | +€28,789 | +12.8% |
| Equity | 10/15 | €140,467 | €168,485 | +€28,018 | +19.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €90,467 | €118,485 | +€28,018 | +31.0% |
| Distributable reserves | 133 | €90,467 | €118,485 | +€28,018 | +31.0% |
| Amounts payable | 17/49 | €84,727 | €85,498 | +€772 | +0.9% |
| Amounts payable within one year | 42/48 | €84,727 | €83,844 | -€882 | -1.0% |
| Trade debts | 44 | €9,129 | €16,494 | +€7,365 | +80.7% |
| Suppliers | 440/4 | €9,129 | €16,494 | +€7,365 | +80.7% |
| Taxes, remuneration and social security | 45 | €36,209 | €27,363 | -€8,846 | -24.4% |
| Taxes | 450/3 | €36,209 | €27,363 | -€8,846 | -24.4% |
| Other amounts payable | 47/48 | €39,389 | €39,987 | +€598 | +1.5% |
| Accrued charges and deferred income | 492/3 | - | €1,654 | +€1,654 | |
| Remuneration, social security and pensions | 62 | €3,148 | €2,445 | -€703 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €2,122 | +€1,328 | +167.1% |
| Other operating charges | 640/8 | €304 | €2,115 | +€1,811 | +596.3% |
| Gross operating margin | 9900 | €95,831 | €42,854 | -€52,977 | -55.3% |
| Operating profit (loss) | 9901 | €91,585 | €36,172 | -€55,413 | -60.5% |
| Financial income | 75/76B | €342 | €856 | +€514 | +150.4% |
| Recurring financial income | 75 | €342 | €856 | +€514 | +150.4% |
| Financial charges | 65/66B | €4,347 | €406 | -€3,940 | -90.6% |
| Recurring financial charges | 65 | €4,347 | €406 | -€3,940 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €87,580 | €36,622 | -€50,958 | -58.2% |
| Income taxes | 67/77 | €19,024 | €8,604 | -€10,420 | -54.8% |
| Profit (loss) for the period | 9904 | €68,556 | €28,018 | -€40,539 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,556 | €28,018 | -€40,539 | -59.1% |
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 9 October 2026 via checked.be.