METAFRANC: 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.
METAFRANC
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-27.2%), from €3.9m to €2.8m
- Cash -€577,268
down €577,268 (-88.6%), from €651,492 to €74,224
mainly Short-term financial debts (-€1.3m) and Net result for the year (-€1.0m)
- Intangible fixed assets -€505,225
down €505,225 (-45.6%), from €1.1m to €602,537
- Receivables within one year -€309,962
down €309,962 (-9.3%), from €3.3m to €3.0m
of which Trade receivables: -€329,484
- Tangible fixed assets -€236,123
down €236,123 (-12.4%), from €1.9m to €1.7m
of which Plant, machinery and equipment: -€182,720
- Short-term financial debts -€1.3m
down €1.3m (-46.3%), from €2.8m to €1.5m
- Profit (loss) carried forward -€1.0m
down €1.0m (-41.1%), from €2.5m to €1.5m
- Other debts +€350,516
up €350,516 (+22.9%), from €1.5m to €1.9m
- Trade debts -€350,405
down €350,405 (-14.8%), from €2.4m to €2.0m
of which Bills of exchange payable: -€579,229
- Tax, wage and social debts -€225,786
down €225,786 (-93.6%), from €241,132 to €15,345
of which Taxes: -€160,504
- Write-downs +€660,257
up €660,257 (+154%), from €428,566 to €1.1m
- Goods and materials +€608,365
up €608,365 (+20.8%), from €2.9m to €3.5m
of which Change in stocks: decrease (increase): +€1.5m
- Turnover -€434,935
down €434,935 (-5.6%), from €7.8m to €7.4m
- Services and other goods -€245,751
down €245,751 (-11.1%), from €2.2m to €2.0m
- Taxes -€109,584
down €109,584 (-100%), from €109,584 to €0
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 | €10,912,595 | €8,236,368 | -€2.7m | -24.5% |
| Fixed assets | 21/28 | €3,017,742 | €2,276,394 | -€741,348 | -24.6% |
| Intangible fixed assets | 21 | €1,107,762 | €602,537 | -€505,225 | -45.6% |
| Tangible fixed assets | 22/27 | €1,907,464 | €1,671,341 | -€236,123 | -12.4% |
| Land and buildings | 22 | €774,410 | €749,893 | -€24,517 | -3.2% |
| Plant, machinery and equipment | 23 | €988,947 | €806,227 | -€182,720 | -18.5% |
| Furniture and vehicles | 24 | €99,225 | €75,143 | -€24,082 | -24.3% |
| Other tangible fixed assets | 26 | €44,882 | €40,078 | -€4,804 | -10.7% |
| Financial fixed assets | 28 | €2,516 | €2,516 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €500 | €500 | = | 0.0% |
| Participating interests | 282 | €500 | €500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,016 | €2,016 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,016 | €2,016 | = | 0.0% |
| Current assets | 29/58 | €7,894,853 | €5,959,975 | -€1.9m | -24.5% |
| Stocks and contracts in progress | 3 | €3,890,007 | €2,832,135 | -€1.1m | -27.2% |
| Stocks | 30/36 | €3,890,007 | €2,832,135 | -€1.1m | -27.2% |
| Goods purchased for resale | 34 | €3,890,007 | €2,832,135 | -€1.1m | -27.2% |
| Amounts receivable within one year | 40/41 | €3,346,057 | €3,036,095 | -€309,962 | -9.3% |
| Trade receivables | 40 | €3,249,193 | €2,919,709 | -€329,484 | -10.1% |
| Other amounts receivable | 41 | €96,864 | €116,386 | +€19,522 | +20.2% |
| Cash at bank and in hand | 54/58 | €651,492 | €74,224 | -€577,268 | -88.6% |
| Deferred charges and accrued income | 490/1 | €7,298 | €17,522 | +€10,224 | +140% |
| Total equity and liabilities | 10/49 | €10,912,595 | €8,236,368 | -€2.7m | -24.5% |
| Equity | 10/15 | €3,530,859 | €2,493,164 | -€1.0m | -29.4% |
| Contributions | 10/11 | €644,577 | €644,577 | = | 0.0% |
| Capital | 10 | €644,577 | €644,577 | = | 0.0% |
| Issued capital | 100 | €644,577 | €644,577 | = | 0.0% |
| Revaluation surpluses | 12 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €161,290 | €161,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €64,460 | €64,460 | = | 0.0% |
| Legal reserve | 130 | €64,460 | €64,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €96,830 | €96,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,526,677 | €1,488,982 | -€1.0m | -41.1% |
| Amounts payable | 17/49 | €7,381,736 | €5,743,205 | -€1.6m | -22.2% |
| Amounts payable after more than one year | 17 | €64,110 | €21,149 | -€42,961 | -67.0% |
| Financial debts | 170/4 | €64,110 | €21,149 | -€42,961 | -67.0% |
| Credit institutions | 173 | €64,110 | €21,149 | -€42,961 | -67.0% |
| Amounts payable within one year | 42/48 | €6,951,311 | €5,422,780 | -€1.5m | -22.0% |
| Financial debts | 43 | €2,811,738 | €1,508,882 | -€1.3m | -46.3% |
| Credit institutions | 430/8 | €2,811,738 | €1,508,882 | -€1.3m | -46.3% |
| Trade debts | 44 | €2,364,774 | €2,014,369 | -€350,405 | -14.8% |
| Suppliers | 440/4 | €1,310,544 | €1,539,369 | +€228,825 | +17.5% |
| Bills of exchange payable | 441 | €1,054,229 | €475,000 | -€579,229 | -54.9% |
| Taxes, remuneration and social security | 45 | €241,132 | €15,345 | -€225,786 | -93.6% |
| Taxes | 450/3 | €175,849 | €15,345 | -€160,504 | -91.3% |
| Remuneration and social security | 454/9 | €65,282 | - | -€65,282 | |
| Other amounts payable | 47/48 | €1,533,668 | €1,884,184 | +€350,516 | +22.9% |
| Accrued charges and deferred income | 492/3 | €366,315 | €299,276 | -€67,039 | -18.3% |
| Operating income | 70/76A | €7,845,143 | €7,413,257 | -€431,885 | -5.5% |
| Turnover | 70 | €7,821,529 | €7,386,594 | -€434,935 | -5.6% |
| Other operating income | 74 | €23,614 | €26,663 | +€3,049 | +12.9% |
| Operating charges | 60/66A | €7,379,171 | €8,297,574 | +€918,403 | +12.4% |
| Goods for resale, raw materials and consumables | 60 | €2,921,001 | €3,529,367 | +€608,365 | +20.8% |
| Purchases | 600/8 | €4,493,746 | €3,560,317 | -€933,429 | -20.8% |
| Change in stocks: decrease (increase) | 609 | -€1,572,745 | -€30,950 | +€1.5m | +98.0% |
| Services and other goods | 61 | €2,214,290 | €1,968,540 | -€245,751 | -11.1% |
| Remuneration, social security and pensions | 62 | €891,053 | €854,854 | -€36,200 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873,480 | €845,280 | -€28,199 | -3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €428,566 | €1,088,822 | +€660,257 | +154% |
| Other operating charges | 640/8 | €50,780 | €10,711 | -€40,069 | -78.9% |
| Operating profit (loss) | 9901 | €465,972 | -€884,316 | -€1.4m | |
| Financial income | 75/76B | €3,953 | €7,097 | +€3,144 | +79.5% |
| Recurring financial income | 75 | €3,953 | €7,097 | +€3,144 | +79.5% |
| Other financial income | 752/9 | €3,953 | €7,097 | +€3,144 | +79.5% |
| Financial charges | 65/66B | €258,875 | €160,476 | -€98,399 | -38.0% |
| Recurring financial charges | 65 | €258,875 | €160,476 | -€98,399 | -38.0% |
| Debt charges | 650 | €87,668 | €64,607 | -€23,061 | -26.3% |
| Other financial charges | 652/9 | €171,207 | €95,869 | -€75,338 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €211,050 | -€1,037,696 | -€1.2m | |
| Income taxes | 67/77 | €109,584 | €0 | -€109,584 | -100% |
| Taxes | 670/3 | €109,584 | €0 | -€109,584 | -100% |
| Profit (loss) for the period | 9904 | €101,466 | -€1,037,696 | -€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €101,466 | -€1,037,696 | -€1.1m |
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 27 October 2026 via checked.be.