Metagra: 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.
Metagra
Largest movements
- Receivables within one year +€42,310
up €42,310 (+14.2%), from €297,763 to €340,073
of which Trade receivables: +€36,372
- Tangible fixed assets -€20,328
down €20,328 (-10.4%), from €195,997 to €175,670
- Cash -€17,442
down €17,442 (-82.2%), from €21,220 to €3,778
mainly Contributions, distributions and other (-€74,920) and Receivables within one year (-€42,310)
- Tax, wage and social debts +€23,122
up €23,122 (+1004.0%), from €2,303 to €25,425
- Other debts -€10,625
down €10,625 (-12.4%), from €85,545 to €74,920
- Reserves -€8,472
down €8,472 (-3.7%), from €232,019 to €223,548
of which Distributable reserves: -€8,472
- Gross operating margin -€55,940
down €55,940 (-26.1%), from €214,472 to €158,532
- Other operating charges -€40,540
down €40,540 (-46.2%), from €87,807 to €47,268
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 | €515,044 | €519,584 | +€4,540 | +0.9% |
| Fixed assets | 21/28 | €196,061 | €175,734 | -€20,328 | -10.4% |
| Tangible fixed assets | 22/27 | €195,997 | €175,670 | -€20,328 | -10.4% |
| Land and buildings | 22 | €195,997 | €175,670 | -€20,328 | -10.4% |
| Financial fixed assets | 28 | €64 | €64 | = | 0.0% |
| Current assets | 29/58 | €318,983 | €343,851 | +€24,868 | +7.8% |
| Amounts receivable within one year | 40/41 | €297,763 | €340,073 | +€42,310 | +14.2% |
| Trade receivables | 40 | €6,050 | €42,422 | +€36,372 | +601.2% |
| Other amounts receivable | 41 | €291,713 | €297,651 | +€5,938 | +2.0% |
| Cash at bank and in hand | 54/58 | €21,220 | €3,778 | -€17,442 | -82.2% |
| Total equity and liabilities | 10/49 | €515,044 | €519,584 | +€4,540 | +0.9% |
| Equity | 10/15 | €426,477 | €418,006 | -€8,472 | -2.0% |
| Contributions | 10/11 | €187,500 | €187,500 | = | 0.0% |
| Capital | 10 | €187,500 | €187,500 | = | 0.0% |
| Issued capital | 100 | €187,500 | €187,500 | = | 0.0% |
| Revaluation surpluses | 12 | €6,958 | €6,958 | = | 0.0% |
| Reserves | 13 | €232,019 | €223,548 | -€8,472 | -3.7% |
| Non-distributable reserves | 130/1 | €18,750 | €18,750 | = | 0.0% |
| Legal reserve | 130 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €98,964 | €98,964 | = | 0.0% |
| Distributable reserves | 133 | €114,306 | €105,834 | -€8,472 | -7.4% |
| Amounts payable | 17/49 | €88,567 | €101,579 | +€13,012 | +14.7% |
| Amounts payable within one year | 42/48 | €88,567 | €101,579 | +€13,012 | +14.7% |
| Trade debts | 44 | €719 | €1,233 | +€514 | +71.5% |
| Suppliers | 440/4 | €719 | €1,233 | +€514 | +71.5% |
| Taxes, remuneration and social security | 45 | €2,303 | €25,425 | +€23,122 | +1004.0% |
| Taxes | 450/3 | €2,303 | €25,425 | +€23,122 | +1004.0% |
| Other amounts payable | 47/48 | €85,545 | €74,920 | -€10,625 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,357 | €20,328 | +€970 | +5.0% |
| Other operating charges | 640/8 | €87,807 | €47,268 | -€40,540 | -46.2% |
| Gross operating margin | 9900 | €214,472 | €158,532 | -€55,940 | -26.1% |
| Operating profit (loss) | 9901 | €107,307 | €90,937 | -€16,370 | -15.3% |
| Financial charges | 65/66B | €532 | €300 | -€232 | -43.6% |
| Recurring financial charges | 65 | €532 | €300 | -€232 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €106,775 | €90,637 | -€16,138 | -15.1% |
| Income taxes | 67/77 | €26,219 | €24,189 | -€2,030 | -7.7% |
| Profit (loss) for the period | 9904 | €80,556 | €66,448 | -€14,108 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,556 | €66,448 | -€14,108 | -17.5% |
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.