METACO: 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.
METACO
Largest movements
- Deferred charges and accrued income +€188,622
up €188,622 (+5,589%), from €3,375 to €191,997
- Stocks and contracts -€112,758
down €112,758 (-78.3%), from €144,070 to €31,312
- Cash +€49,294
up €49,294 (+25.1%), from €196,534 to €245,828
mainly Other debts (+€149,329) and Net result for the year (+€130,059)
- Tangible fixed assets -€36,923
down €36,923 (-23.9%), from €154,747 to €117,824
of which Plant, machinery and equipment: -€22,911
- Other debts +€149,329
up €149,329 (+10,233%), from €1,459 to €150,788
- Accrued charges and deferred income -€100,576
no longer reported in 2025 (was €100,576)
- Tax, wage and social debts +€35,062
up €35,062 (+137%), from €25,547 to €60,609
of which Remuneration and social security: +€19,541
- Trade debts +€22,776
up €22,776 (+57.4%), from €39,654 to €62,430
- Reserves -€19,941
down €19,941 (-1.4%), from €1.4m to €1.4m
of which Distributable reserves: -€19,941
- Staff costs +€134,171
up €134,171 (+33.0%), from €406,460 to €540,631
- Financial income -€84,499
down €84,499 (-78.3%), from €107,954 to €23,455
- Gross operating margin +€69,373
up €69,373 (+9.7%), from €717,744 to €787,117
- Other operating charges +€26,091
up €26,091 (+189%), from €13,821 to €39,912
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 | €1,609,880 | €1,696,530 | +€86,650 | +5.4% |
| Fixed assets | 21/28 | €404,747 | €367,824 | -€36,923 | -9.1% |
| Tangible fixed assets | 22/27 | €154,747 | €117,824 | -€36,923 | -23.9% |
| Land and buildings | 22 | €38,818 | €31,688 | -€7,130 | -18.4% |
| Plant, machinery and equipment | 23 | €89,567 | €66,656 | -€22,911 | -25.6% |
| Furniture and vehicles | 24 | €26,362 | €19,480 | -€6,882 | -26.1% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €1,205,133 | €1,328,706 | +€123,573 | +10.3% |
| Stocks and contracts in progress | 3 | €144,070 | €31,312 | -€112,758 | -78.3% |
| Stocks | 30/36 | €144,070 | €31,312 | -€112,758 | -78.3% |
| Amounts receivable within one year | 40/41 | €361,154 | €361,404 | +€250 | +0.1% |
| Trade receivables | 40 | €207,061 | €201,371 | -€5,690 | -2.7% |
| Other amounts receivable | 41 | €154,093 | €160,033 | +€5,940 | +3.9% |
| Current investments | 50/53 | €500,000 | €498,165 | -€1,835 | -0.4% |
| Cash at bank and in hand | 54/58 | €196,534 | €245,828 | +€49,294 | +25.1% |
| Deferred charges and accrued income | 490/1 | €3,375 | €191,997 | +€188,622 | +5,589% |
| Total equity and liabilities | 10/49 | €1,609,880 | €1,696,530 | +€86,650 | +5.4% |
| Equity | 10/15 | €1,442,644 | €1,422,703 | -€19,941 | -1.4% |
| 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 | €1,380,644 | €1,360,703 | -€19,941 | -1.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,374,444 | €1,354,503 | -€19,941 | -1.5% |
| Amounts payable | 17/49 | €167,236 | €273,827 | +€106,591 | +63.7% |
| Amounts payable within one year | 42/48 | €66,660 | €273,827 | +€207,167 | +311% |
| Trade debts | 44 | €39,654 | €62,430 | +€22,776 | +57.4% |
| Suppliers | 440/4 | €39,654 | €62,430 | +€22,776 | +57.4% |
| Taxes, remuneration and social security | 45 | €25,547 | €60,609 | +€35,062 | +137% |
| Taxes | 450/3 | €1,886 | €17,406 | +€15,521 | +823% |
| Remuneration and social security | 454/9 | €23,661 | €43,202 | +€19,541 | +82.6% |
| Other amounts payable | 47/48 | €1,459 | €150,788 | +€149,329 | +10,233% |
| Accrued charges and deferred income | 492/3 | €100,576 | - | -€100,576 | |
| Remuneration, social security and pensions | 62 | €406,460 | €540,631 | +€134,171 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,244 | €52,482 | -€7,761 | -12.9% |
| Other operating charges | 640/8 | €13,821 | €39,912 | +€26,091 | +189% |
| Gross operating margin | 9900 | €717,744 | €787,117 | +€69,373 | +9.7% |
| Operating profit (loss) | 9901 | €237,219 | €154,092 | -€83,127 | -35.0% |
| Financial income | 75/76B | €107,954 | €23,455 | -€84,499 | -78.3% |
| Recurring financial income | 75 | €107,954 | €23,455 | -€84,499 | -78.3% |
| Financial charges | 65/66B | €2,377 | €2,614 | +€238 | +10.0% |
| Recurring financial charges | 65 | €2,377 | €2,614 | +€238 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €342,797 | €174,933 | -€167,864 | -49.0% |
| Income taxes | 67/77 | €37,193 | €44,874 | +€7,681 | +20.7% |
| Profit (loss) for the period | 9904 | €305,604 | €130,059 | -€175,545 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €305,604 | €130,059 | -€175,545 | -57.4% |
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 30 October 2026 via checked.be.