Metagam: 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.
Metagam
Largest movements
- Current investments -€125,000
down €125,000 (-100.0%), from €125,000 to €0
- Cash +€31,134
up €31,134 (+19.3%), from €161,575 to €192,709
mainly Current investments (+€125,000) and Other debts (+€8,253)
- Stocks and contracts +€29,437
up €29,437 (+44.0%), from €66,920 to €96,357
- Receivables within one year +€15,905
up €15,905 (+32.0%), from €49,647 to €65,552
of which Trade receivables: +€21,436
- Trade debts -€24,270
down €24,270 (-35.3%), from €68,827 to €44,557
- Reserves -€21,330
down €21,330 (-43.9%), from €48,624 to €27,294
of which Distributable reserves: -€21,330
- Tax, wage and social debts -€10,557
down €10,557 (-48.3%), from €21,859 to €11,302
of which Remuneration and social security: -€8,836
- Other debts +€8,253
up €8,253 (+35.8%), from €23,049 to €31,302
- Gross operating margin -€12,639
down €12,639 (-9.5%), from €133,010 to €120,372
- Staff costs -€3,590
down €3,590 (-3.1%), from €117,020 to €113,430
- Financial income +€1,831
up €1,831 (+249.0%), from €735 to €2,567
of which Financial income: +€1,643
- Taxes -€1,648
down €1,648 (-49.4%), from €3,338 to €1,689
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 | €416,968 | €366,065 | -€50,903 | -12.2% |
| Fixed assets | 21/28 | €11,971 | €9,763 | -€2,207 | -18.4% |
| Intangible fixed assets | 21 | €4,632 | €4,152 | -€481 | -10.4% |
| Tangible fixed assets | 22/27 | €7,307 | €5,581 | -€1,727 | -23.6% |
| Plant, machinery and equipment | 23 | €6,939 | €5,581 | -€1,358 | -19.6% |
| Furniture and vehicles | 24 | €369 | €0 | -€369 | -100.0% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €404,998 | €356,302 | -€48,696 | -12.0% |
| Stocks and contracts in progress | 3 | €66,920 | €96,357 | +€29,437 | +44.0% |
| Stocks | 30/36 | €66,920 | €96,357 | +€29,437 | +44.0% |
| Amounts receivable within one year | 40/41 | €49,647 | €65,552 | +€15,905 | +32.0% |
| Trade receivables | 40 | €33,222 | €54,658 | +€21,436 | +64.5% |
| Other amounts receivable | 41 | €16,425 | €10,894 | -€5,531 | -33.7% |
| Current investments | 50/53 | €125,000 | €0 | -€125,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €161,575 | €192,709 | +€31,134 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,855 | €1,683 | -€172 | -9.3% |
| Total equity and liabilities | 10/49 | €416,968 | €366,065 | -€50,903 | -12.2% |
| Equity | 10/15 | €300,234 | €278,904 | -€21,330 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,624 | €27,294 | -€21,330 | -43.9% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €45,525 | €24,195 | -€21,330 | -46.9% |
| Profit (loss) carried forward | 14 | €233,010 | €233,010 | = | 0.0% |
| Amounts payable | 17/49 | €116,734 | €87,161 | -€29,574 | -25.3% |
| Amounts payable within one year | 42/48 | €113,734 | €87,161 | -€26,574 | -23.4% |
| Trade debts | 44 | €68,827 | €44,557 | -€24,270 | -35.3% |
| Suppliers | 440/4 | €68,827 | €44,557 | -€24,270 | -35.3% |
| Taxes, remuneration and social security | 45 | €21,859 | €11,302 | -€10,557 | -48.3% |
| Taxes | 450/3 | €4,904 | €3,183 | -€1,721 | -35.1% |
| Remuneration and social security | 454/9 | €16,955 | €8,119 | -€8,836 | -52.1% |
| Other amounts payable | 47/48 | €23,049 | €31,302 | +€8,253 | +35.8% |
| Accrued charges and deferred income | 492/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €117,020 | €113,430 | -€3,590 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €2,207 | -€80 | -3.5% |
| Other operating charges | 640/8 | €3,946 | €2,775 | -€1,171 | -29.7% |
| Gross operating margin | 9900 | €133,010 | €120,372 | -€12,639 | -9.5% |
| Operating profit (loss) | 9901 | €9,757 | €1,960 | -€7,797 | -79.9% |
| Financial income | 75/76B | €735 | €2,567 | +€1,831 | +249.0% |
| Recurring financial income | 75 | €735 | €2,378 | +€1,643 | +223.4% |
| Non-recurring financial income | 76B | - | €188 | +€188 | |
| Financial charges | 65/66B | €531 | €1,327 | +€796 | +150.0% |
| Recurring financial charges | 65 | €531 | €1,327 | +€796 | +150.0% |
| Profit (loss) for the period before taxes | 9903 | €9,962 | €3,200 | -€6,762 | -67.9% |
| Income taxes | 67/77 | €3,338 | €1,689 | -€1,648 | -49.4% |
| Profit (loss) for the period | 9904 | €6,624 | €1,510 | -€5,114 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,624 | €1,510 | -€5,114 | -77.2% |
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 11 October 2026 via checked.be.