META-REAL: 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-REAL
Largest movements
- Receivables within one year +€163,178
up €163,178 (+61.3%), from €266,312 to €429,490
of which Other amounts receivable: +€122,796
- Cash +€17,569
up €17,569 (+12701.5%), from €138 to €17,707
mainly Net result for the year (+€179,241) and Tax, wage and social debts (+€25,078)
- Reserves +€179,241
up €179,241 (+91.2%), from €196,530 to €375,771
of which Distributable reserves: +€179,241
- Tax, wage and social debts +€25,078
up €25,078 (+488.1%), from €5,138 to €30,217
- Trade debts -€23,588
down €23,588 (-54.6%), from €43,179 to €19,591
- Gross operating margin +€177,213
up €177,213 (+619.3%), from €28,617 to €205,830
- Taxes -€27,415
down €27,415 (-51.9%), from €52,842 to €25,426
- Financial income +€4,552
up €4,552 (+111.5%), from €4,083 to €8,634
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 | €284,678 | €461,193 | +€176,515 | +62.0% |
| Fixed assets | 21/28 | €18,228 | €13,996 | -€4,232 | -23.2% |
| Tangible fixed assets | 22/27 | €18,228 | €13,996 | -€4,232 | -23.2% |
| Furniture and vehicles | 24 | €18,228 | €13,996 | -€4,232 | -23.2% |
| Current assets | 29/58 | €266,450 | €447,197 | +€180,747 | +67.8% |
| Amounts receivable within one year | 40/41 | €266,312 | €429,490 | +€163,178 | +61.3% |
| Trade receivables | 40 | €184,940 | €225,322 | +€40,382 | +21.8% |
| Other amounts receivable | 41 | €81,372 | €204,168 | +€122,796 | +150.9% |
| Cash at bank and in hand | 54/58 | €138 | €17,707 | +€17,569 | +12701.5% |
| Total equity and liabilities | 10/49 | €284,678 | €461,193 | +€176,515 | +62.0% |
| Equity | 10/15 | €227,212 | €406,452 | +€179,241 | +78.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €196,530 | €375,771 | +€179,241 | +91.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €194,530 | €373,771 | +€179,241 | +92.1% |
| Profit (loss) carried forward | 14 | €10,682 | €10,682 | = | 0.0% |
| Amounts payable | 17/49 | €57,467 | €54,741 | -€2,726 | -4.7% |
| Amounts payable after more than one year | 17 | €4,933 | €642 | -€4,291 | -87.0% |
| Financial debts | 170/4 | €4,933 | €642 | -€4,291 | -87.0% |
| Amounts payable within one year | 42/48 | €52,534 | €54,099 | +€1,565 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €4,216 | €4,291 | +€75 | +1.8% |
| Trade debts | 44 | €43,179 | €19,591 | -€23,588 | -54.6% |
| Suppliers | 440/4 | €43,179 | €19,591 | -€23,588 | -54.6% |
| Taxes, remuneration and social security | 45 | €5,138 | €30,217 | +€25,078 | +488.1% |
| Taxes | 450/3 | €5,138 | €30,217 | +€25,078 | +488.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,638 | €8,565 | +€1,927 | +29.0% |
| Other operating charges | 640/8 | €906 | €916 | +€10 | +1.1% |
| Gross operating margin | 9900 | €28,617 | €205,830 | +€177,213 | +619.3% |
| Operating profit (loss) | 9901 | €21,073 | €196,349 | +€175,276 | +831.7% |
| Financial income | 75/76B | €4,083 | €8,634 | +€4,552 | +111.5% |
| Recurring financial income | 75 | €4,083 | €8,634 | +€4,552 | +111.5% |
| Financial charges | 65/66B | €722 | €317 | -€405 | -56.1% |
| Recurring financial charges | 65 | €722 | €317 | -€405 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €24,434 | €204,667 | +€180,233 | +737.6% |
| Income taxes | 67/77 | €52,842 | €25,426 | -€27,415 | -51.9% |
| Profit (loss) for the period | 9904 | -€28,407 | €179,241 | +€207,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,407 | €179,241 | +€207,648 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.