METAHUPNOS: 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.
METAHUPNOS
Largest movements
- Cash -€126,100
down €126,100 (-48.7%), from €258,754 to €132,655
mainly Contributions, distributions and other (-€337,794) and Current investments (-€78,761)
- Current investments +€78,761
new in 2025: €78,761
- Receivables within one year +€32,326
up €32,326 (+11.2%), from €289,381 to €321,707
of which Trade receivables: +€78,213
- Tangible fixed assets -€24,841
down €24,841 (-23.9%), from €103,924 to €79,083
of which Furniture and vehicles: -€25,377
- Deferred charges and accrued income +€7,863
up €7,863 (+158%), from €4,987 to €12,850
- Reserves -€246,721
down €246,721 (-46.1%), from €534,844 to €288,123
of which Distributable reserves: -€246,721
- Other debts +€240,344
up €240,344 (+320%), from €75,001 to €315,345
- Debts after one year -€26,410
down €26,410 (-79.6%), from €33,174 to €6,764
- Tax, wage and social debts +€15,914
up €15,914 (+610%), from €2,608 to €18,522
- Short-term financial debts -€13,170
down €13,170 (-43.9%), from €30,000 to €16,830
- Gross operating margin +€86,615
up €86,615 (+39.9%), from €217,255 to €303,870
- Taxes +€39,932
up €39,932 (+236%), from €16,898 to €56,830
- Financial charges +€13,557
up €13,557 (+11.9%), from €114,302 to €127,859
- Depreciation -€12,746
down €12,746 (-31.0%), from €41,101 to €28,355
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 | €715,852 | €683,861 | -€31,991 | -4.5% |
| Fixed assets | 21/28 | €162,730 | €137,889 | -€24,841 | -15.3% |
| Tangible fixed assets | 22/27 | €103,924 | €79,083 | -€24,841 | -23.9% |
| Plant, machinery and equipment | 23 | €5,940 | €6,476 | +€536 | +9.0% |
| Furniture and vehicles | 24 | €85,484 | €60,107 | -€25,377 | -29.7% |
| Other tangible fixed assets | 26 | €12,500 | €12,500 | = | 0.0% |
| Financial fixed assets | 28 | €58,806 | €58,806 | = | 0.0% |
| Current assets | 29/58 | €553,122 | €545,972 | -€7,150 | -1.3% |
| Amounts receivable within one year | 40/41 | €289,381 | €321,707 | +€32,326 | +11.2% |
| Trade receivables | 40 | €240,001 | €318,214 | +€78,213 | +32.6% |
| Other amounts receivable | 41 | €49,380 | €3,493 | -€45,887 | -92.9% |
| Current investments | 50/53 | - | €78,761 | +€78,761 | |
| Cash at bank and in hand | 54/58 | €258,754 | €132,655 | -€126,100 | -48.7% |
| Deferred charges and accrued income | 490/1 | €4,987 | €12,850 | +€7,863 | +158% |
| Total equity and liabilities | 10/49 | €715,852 | €683,861 | -€31,991 | -4.5% |
| Equity | 10/15 | €541,021 | €294,301 | -€246,721 | -45.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €534,844 | €288,123 | -€246,721 | -46.1% |
| Tax-exempt reserves | 132 | €50,520 | €50,520 | = | 0.0% |
| Distributable reserves | 133 | €484,324 | €237,603 | -€246,721 | -50.9% |
| Profit (loss) carried forward | 14 | -€6,222 | -€6,222 | = | 0.0% |
| Amounts payable | 17/49 | €174,831 | €389,560 | +€214,730 | +123% |
| Amounts payable after more than one year | 17 | €33,174 | €6,764 | -€26,410 | -79.6% |
| Financial debts | 170/4 | €33,174 | €6,764 | -€26,410 | -79.6% |
| Amounts payable within one year | 42/48 | €141,657 | €382,797 | +€241,140 | +170% |
| Current portion of amounts payable after more than one year | 42 | €27,676 | €26,410 | -€1,266 | -4.6% |
| Financial debts | 43 | €30,000 | €16,830 | -€13,170 | -43.9% |
| Credit institutions | 430/8 | €30,000 | €16,830 | -€13,170 | -43.9% |
| Trade debts | 44 | €6,372 | €5,690 | -€683 | -10.7% |
| Suppliers | 440/4 | €6,372 | €5,690 | -€683 | -10.7% |
| Taxes, remuneration and social security | 45 | €2,608 | €18,522 | +€15,914 | +610% |
| Taxes | 450/3 | €2,608 | €18,522 | +€15,914 | +610% |
| Other amounts payable | 47/48 | €75,001 | €315,345 | +€240,344 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,101 | €28,355 | -€12,746 | -31.0% |
| Other operating charges | 640/8 | €682 | €536 | -€146 | -21.4% |
| Gross operating margin | 9900 | €217,255 | €303,870 | +€86,615 | +39.9% |
| Operating profit (loss) | 9901 | €175,472 | €274,979 | +€99,507 | +56.7% |
| Financial income | 75/76B | €26 | €783 | +€758 | +2,938% |
| Recurring financial income | 75 | €26 | €783 | +€758 | +2,938% |
| Financial charges | 65/66B | €114,302 | €127,859 | +€13,557 | +11.9% |
| Recurring financial charges | 65 | €114,302 | €127,859 | +€13,557 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €61,196 | €147,904 | +€86,708 | +142% |
| Income taxes | 67/77 | €16,898 | €56,830 | +€39,932 | +236% |
| Profit (loss) for the period | 9904 | €44,298 | €91,073 | +€46,776 | +106% |
| Transfer to tax-exempt reserves | 689 | €50,520 | - | -€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,222 | €91,073 | +€97,296 |
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 22 October 2026 via checked.be.