Metafor: 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.
Metafor
Largest movements
- Tangible fixed assets -€109,261
down €109,261 (-93.1%), from €117,396 to €8,135
of which Furniture and vehicles: -€106,190
- Receivables within one year +€70,812
up €70,812 (+54.2%), from €130,586 to €201,398
of which Trade receivables: +€117,840
- Cash -€20,497
down €20,497 (-50.0%), from €40,972 to €20,476
mainly Contributions, distributions and other (-€72,888) and Receivables within one year (-€70,812)
- Contributions -€62,000
no longer reported in 2025 (was €62,000)
- Tax, wage and social debts +€23,832
up €23,832 (+264.5%), from €9,011 to €32,843
- Current portion of long-term debt -€17,467
no longer reported in 2025 (was €17,467)
- Trade debts -€16,460
down €16,460 (-65.4%), from €25,171 to €8,711
- Other debts +€10,180
new in 2025: €10,180
- Purchases and services -€85,532
down €85,532 (-38.0%), from €225,065 to €139,533
- Turnover -€79,430
down €79,430 (-33.3%), from €238,467 to €159,037
- Depreciation -€14,329
down €14,329 (-82.4%), from €17,399 to €3,070
- Gross operating margin +€5,021
up €5,021 (+15.6%), from €32,114 to €37,135
- Taxes +€2,451
up €2,451 (+45.5%), from €5,386 to €7,837
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 | €290,252 | €230,973 | -€59,279 | -20.4% |
| Fixed assets | 21/28 | €118,360 | €9,099 | -€109,261 | -92.3% |
| Tangible fixed assets | 22/27 | €117,396 | €8,135 | -€109,261 | -93.1% |
| Land and buildings | 22 | €2,156 | €1,741 | -€415 | -19.3% |
| Plant, machinery and equipment | 23 | €9,050 | €6,395 | -€2,655 | -29.3% |
| Furniture and vehicles | 24 | €106,190 | - | -€106,190 | |
| Financial fixed assets | 28 | €964 | €964 | = | 0.0% |
| Current assets | 29/58 | €171,892 | €221,874 | +€49,982 | +29.1% |
| Amounts receivable within one year | 40/41 | €130,586 | €201,398 | +€70,812 | +54.2% |
| Trade receivables | 40 | €6,323 | €124,163 | +€117,840 | +1863.7% |
| Other amounts receivable | 41 | €124,264 | €77,236 | -€47,028 | -37.8% |
| Cash at bank and in hand | 54/58 | €40,972 | €20,476 | -€20,497 | -50.0% |
| Deferred charges and accrued income | 490/1 | €333 | - | -€333 | |
| Total equity and liabilities | 10/49 | €290,252 | €230,973 | -€59,279 | -20.4% |
| Equity | 10/15 | €162,201 | €102,837 | -€59,364 | -36.6% |
| Contributions | 10/11 | €62,000 | - | -€62,000 | |
| Capital | 10 | €62,000 | - | -€62,000 | |
| Issued capital | 100 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €53,966 | €56,602 | +€2,636 | +4.9% |
| Non-distributable reserves | 130/1 | €43,691 | €46,328 | +€2,636 | +6.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €37,491 | €40,128 | +€2,636 | +7.0% |
| Tax-exempt reserves | 132 | €2,392 | €2,392 | = | 0.0% |
| Distributable reserves | 133 | €7,882 | €7,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,235 | €46,235 | = | 0.0% |
| Amounts payable | 17/49 | €128,050 | €128,135 | +€85 | +0.1% |
| Amounts payable after more than one year | 17 | €76,401 | €76,401 | = | 0.0% |
| Financial debts | 170/4 | €76,401 | €76,401 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,649 | €51,734 | +€85 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €17,467 | - | -€17,467 | |
| Trade debts | 44 | €25,171 | €8,711 | -€16,460 | -65.4% |
| Suppliers | 440/4 | €25,171 | €8,711 | -€16,460 | -65.4% |
| Taxes, remuneration and social security | 45 | €9,011 | €32,843 | +€23,832 | +264.5% |
| Taxes | 450/3 | €9,011 | €32,843 | +€23,832 | +264.5% |
| Other amounts payable | 47/48 | - | €10,180 | +€10,180 | |
| Turnover | 70 | €238,467 | €159,037 | -€79,430 | -33.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €225,065 | €139,533 | -€85,532 | -38.0% |
| Remuneration, social security and pensions | 62 | €112 | - | -€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,399 | €3,070 | -€14,329 | -82.4% |
| Other operating charges | 640/8 | €2,680 | €645 | -€2,034 | -75.9% |
| Non-recurring operating charges | 66A | - | €13,690 | +€13,690 | |
| Gross operating margin | 9900 | €32,114 | €37,135 | +€5,021 | +15.6% |
| Operating profit (loss) | 9901 | €11,924 | €19,729 | +€7,805 | +65.5% |
| Financial income | 75/76B | €7,576 | €5,372 | -€2,204 | -29.1% |
| Recurring financial income | 75 | €7,576 | €5,372 | -€2,204 | -29.1% |
| Financial charges | 65/66B | €4,679 | €3,740 | -€939 | -20.1% |
| Recurring financial charges | 65 | €4,679 | €3,740 | -€939 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €14,821 | €21,361 | +€6,540 | +44.1% |
| Income taxes | 67/77 | €5,386 | €7,837 | +€2,451 | +45.5% |
| Profit (loss) for the period | 9904 | €9,435 | €13,524 | +€4,089 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,435 | €13,524 | +€4,089 | +43.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.