METAFAN: what changed
Two fiscal 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.
What changed
METAFAN
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€247,380
2024 · €339,001-€91,620
Equity
€2.7m
2024 · €2.7m-€7,441
Cash
€174,952
2024 · €185,148-€10,196
Balance sheet total
€3.9m
2024 · €3.8m+€56,221
Largest movements
Assets
- Stocks and contracts +€107,892
up €107,892 (+3.6%), from €3.0m to €3.1m
- Receivables within one year -€55,481
down €55,481 (-9.4%), from €589,843 to €534,363
of which Trade receivables: -€67,535
Equity and liabilities
- Debts after one year -€967,200
down €967,200 (-100.0%), from €967,200 to €0
- Other debts +€825,694
up €825,694 (+2834.8%), from €29,128 to €854,822
- Trade debts +€185,647
up €185,647 (+244.7%), from €75,874 to €261,521
Income statement
- Gross operating margin -€197,608
down €197,608 (-24.9%), from €794,118 to €596,510
- Financial charges -€51,407
down €51,407 (-57.0%), from €90,162 to €38,756
- Taxes -€30,634
down €30,634 (-26.9%), from €114,026 to €83,393
- Write-downs -€11,265
down €11,265, from €11,165 to -€101
- Financial income +€8,580
up €8,580 (+165.2%), from €5,194 to €13,774
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.
Result 2024
€339,001
Gross operating margin
-€197,608
Staff costs
+€5,706
Depreciation
+€233
Write-downs
+€11,265
Other operating charges
-€490
Other operating items
-€1,347
Financial income
+€8,580
Financial charges
+€51,407
Taxes
+€30,634
Result 2025
€247,380
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.
From operations
+€1.2m
Investment
-€9,589
Financing
-€1.2m
Cash 2024
€185,148
From operations (derived)
+€1.2m
Net result for the year
+€247,380
Depreciation
+€12,172
Stocks and contracts
-€107,892
Receivables within one year
+€55,481
Deferred charges and accrued income
-€16,590
Trade debts
+€185,647
Tax, wage and social debts
-€5,341
Other debts
+€825,694
Accrued charges and deferred income
+€24,862
Investment (derived)
-€9,589
Investment in fixed assets (net)
-€9,589
Financing
-€1.2m
Debts after one year
-€967,200
Contributions, distributions and other
-€254,822
Cash 2025
€174,952
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,806,061 | €3,862,282 | +€56,221 | +1.5% |
| Fixed assets | 21/28 | €23,224 | €20,641 | -€2,583 | -11.1% |
| Tangible fixed assets | 22/27 | €23,224 | €20,641 | -€2,583 | -11.1% |
| Plant, machinery and equipment | 23 | €12,625 | €11,407 | -€1,218 | -9.6% |
| Furniture and vehicles | 24 | €10,599 | €9,233 | -€1,366 | -12.9% |
| Current assets | 29/58 | €3,782,837 | €3,841,642 | +€58,805 | +1.6% |
| Stocks and contracts in progress | 3 | €2,999,929 | €3,107,820 | +€107,892 | +3.6% |
| Stocks | 30/36 | €2,999,929 | €3,107,820 | +€107,892 | +3.6% |
| Amounts receivable within one year | 40/41 | €589,843 | €534,363 | -€55,481 | -9.4% |
| Trade receivables | 40 | €542,853 | €475,317 | -€67,535 | -12.4% |
| Other amounts receivable | 41 | €46,991 | €59,045 | +€12,054 | +25.7% |
| Cash at bank and in hand | 54/58 | €185,148 | €174,952 | -€10,196 | -5.5% |
| Deferred charges and accrued income | 490/1 | €7,917 | €24,507 | +€16,590 | +209.6% |
| Total equity and liabilities | 10/49 | €3,806,061 | €3,862,282 | +€56,221 | +1.5% |
| Equity | 10/15 | €2,697,357 | €2,689,915 | -€7,441 | -0.3% |
| Contributions | 10/11 | €24,942 | €24,942 | = | 0.0% |
| Reserves | 13 | €2,672,415 | €2,664,974 | -€7,441 | -0.3% |
| Non-distributable reserves | 130/1 | €2,494 | €2,494 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,494 | €2,494 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,113 | €111,113 | = | 0.0% |
| Distributable reserves | 133 | €2,558,808 | €2,551,367 | -€7,441 | -0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,108,704 | €1,172,367 | +€63,663 | +5.7% |
| Amounts payable after more than one year | 17 | €967,200 | €0 | -€967,200 | -100.0% |
| Other amounts payable | 178/9 | €967,200 | €0 | -€967,200 | -100.0% |
| Amounts payable within one year | 42/48 | €139,909 | €1,145,909 | +€1.0m | +719.0% |
| Trade debts | 44 | €75,874 | €261,521 | +€185,647 | +244.7% |
| Suppliers | 440/4 | €75,874 | €261,521 | +€185,647 | +244.7% |
| Taxes, remuneration and social security | 45 | €34,907 | €29,566 | -€5,341 | -15.3% |
| Taxes | 450/3 | €9,300 | €1,259 | -€8,041 | -86.5% |
| Remuneration and social security | 454/9 | €25,607 | €28,307 | +€2,700 | +10.5% |
| Other amounts payable | 47/48 | €29,128 | €854,822 | +€825,694 | +2834.8% |
| Accrued charges and deferred income | 492/3 | €1,595 | €26,457 | +€24,862 | +1558.5% |
| Non-recurring operating income | 76A | €13,575 | €23,130 | +€9,556 | +70.4% |
| Remuneration, social security and pensions | 62 | €225,586 | €219,881 | -€5,706 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,406 | €12,172 | -€233 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,165 | -€101 | -€11,265 | |
| Other operating charges | 640/8 | €6,572 | €7,062 | +€490 | +7.5% |
| Non-recurring operating charges | 66A | €394 | €1,741 | +€1,347 | +341.7% |
| Gross operating margin | 9900 | €794,118 | €596,510 | -€197,608 | -24.9% |
| Operating profit (loss) | 9901 | €537,995 | €355,754 | -€182,240 | -33.9% |
| Financial income | 75/76B | €5,194 | €13,774 | +€8,580 | +165.2% |
| Recurring financial income | 75 | €5,194 | €13,774 | +€8,580 | +165.2% |
| Financial charges | 65/66B | €90,162 | €38,756 | -€51,407 | -57.0% |
| Recurring financial charges | 65 | €90,162 | €38,756 | -€51,407 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €453,027 | €330,773 | -€122,254 | -27.0% |
| Income taxes | 67/77 | €114,026 | €83,393 | -€30,634 | -26.9% |
| Profit (loss) for the period | 9904 | €339,001 | €247,380 | -€91,620 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €339,001 | €247,380 | -€91,620 | -27.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.