METAK: 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.
METAK
Largest movements
- Tangible fixed assets -€12,467
down €12,467 (-44.8%), from €27,821 to €15,354
of which Furniture and vehicles: -€11,705
- Stocks and contracts +€5,230
up €5,230 (+32.0%), from €16,364 to €21,594
- Tax, wage and social debts +€21,425
up €21,425 (+128.5%), from €16,675 to €38,100
of which Taxes: +€18,752
- Trade debts -€12,106
down €12,106 (-12.6%), from €96,317 to €84,211
- Debts after one year -€10,044
down €10,044 (-72.3%), from €13,884 to €3,840
- Short-term financial debts -€6,897
down €6,897 (-35.8%), from €19,276 to €12,379
- Profit (loss) carried forward +€1,362
up €1,362 (+5.5%), from -€24,834 to -€23,472
- Gross operating margin +€44,469
up €44,469, from -€15,064 to €29,405
- Staff costs +€10,209
new in 2025: €10,209
- Depreciation +€2,419
up €2,419 (+24.1%), from €10,048 to €12,467
- Financial charges +€1,516
up €1,516 (+45.3%), from €3,346 to €4,862
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,384 | €129,774 | -€5,610 | -4.1% |
| Fixed assets | 21/28 | €27,821 | €15,354 | -€12,467 | -44.8% |
| Tangible fixed assets | 22/27 | €27,821 | €15,354 | -€12,467 | -44.8% |
| Plant, machinery and equipment | 23 | €1,842 | €1,080 | -€762 | -41.4% |
| Furniture and vehicles | 24 | €25,979 | €14,274 | -€11,705 | -45.1% |
| Current assets | 29/58 | €107,563 | €114,420 | +€6,857 | +6.4% |
| Stocks and contracts in progress | 3 | €16,364 | €21,594 | +€5,230 | +32.0% |
| Stocks | 30/36 | €16,364 | €21,594 | +€5,230 | +32.0% |
| Amounts receivable within one year | 40/41 | €90,194 | €91,500 | +€1,306 | +1.4% |
| Trade receivables | 40 | €89,203 | €89,688 | +€485 | +0.5% |
| Other amounts receivable | 41 | €991 | €1,812 | +€821 | +82.8% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,326 | +€321 | +31.9% |
| Total equity and liabilities | 10/49 | €135,384 | €129,774 | -€5,610 | -4.1% |
| Equity | 10/15 | -€21,334 | -€19,972 | +€1,362 | +6.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,834 | -€23,472 | +€1,362 | +5.5% |
| Amounts payable | 17/49 | €156,718 | €149,746 | -€6,972 | -4.4% |
| Amounts payable after more than one year | 17 | €13,884 | €3,840 | -€10,044 | -72.3% |
| Financial debts | 170/4 | €13,884 | €3,840 | -€10,044 | -72.3% |
| Amounts payable within one year | 42/48 | €142,824 | €145,895 | +€3,071 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €9,573 | €10,044 | +€471 | +4.9% |
| Financial debts | 43 | €19,276 | €12,379 | -€6,897 | -35.8% |
| Credit institutions | 430/8 | €19,276 | €12,379 | -€6,897 | -35.8% |
| Trade debts | 44 | €96,317 | €84,211 | -€12,106 | -12.6% |
| Suppliers | 440/4 | €96,317 | €84,211 | -€12,106 | -12.6% |
| Taxes, remuneration and social security | 45 | €16,675 | €38,100 | +€21,425 | +128.5% |
| Taxes | 450/3 | €12,465 | €31,217 | +€18,752 | +150.4% |
| Remuneration and social security | 454/9 | €4,210 | €6,883 | +€2,673 | +63.5% |
| Other amounts payable | 47/48 | €983 | €1,161 | +€178 | +18.1% |
| Accrued charges and deferred income | 492/3 | €10 | €11 | +€1 | +10.0% |
| Remuneration, social security and pensions | 62 | - | €10,209 | +€10,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,048 | €12,467 | +€2,419 | +24.1% |
| Other operating charges | 640/8 | €845 | €703 | -€142 | -16.8% |
| Gross operating margin | 9900 | -€15,064 | €29,405 | +€44,469 | |
| Operating profit (loss) | 9901 | -€25,957 | €6,026 | +€31,983 | |
| Financial income | 75/76B | €453 | €198 | -€255 | -56.3% |
| Recurring financial income | 75 | €453 | €198 | -€255 | -56.3% |
| Financial charges | 65/66B | €3,346 | €4,862 | +€1,516 | +45.3% |
| Recurring financial charges | 65 | €3,346 | €4,862 | +€1,516 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,850 | €1,362 | +€30,212 | |
| Profit (loss) for the period | 9904 | -€28,850 | €1,362 | +€30,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,850 | €1,362 | +€30,212 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.