Metako: 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.
Metako
Largest movements
- Tangible fixed assets +€150,073
up €150,073 (+320.9%), from €46,768 to €196,841
of which Land and buildings: +€162,819
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€20,583
up €20,583 (+26.1%), from €78,914 to €99,496
mainly Net result for the year (+€70,619) and Trade debts (+€63,311)
- Receivables within one year +€13,650
up €13,650 (+37.7%), from €36,245 to €49,895
of which Other amounts receivable: +€10,000
- Stocks and contracts -€11,147
no longer reported in 2025 (was €11,147)
- Reserves +€70,619
up €70,619 (+82.8%), from €85,290 to €155,909
- Trade debts +€63,311
up €63,311 (+254.3%), from €24,899 to €88,210
- Debts after one year -€8,924
down €8,924 (-14.8%), from €60,093 to €51,169
- Gross operating margin +€35,463
up €35,463 (+42.5%), from €83,359 to €118,822
- Taxes +€7,054
up €7,054 (+65.2%), from €10,812 to €17,866
- Write-downs -€4,658
down €4,658, from €0 to -€4,658
- Financial charges +€3,934
up €3,934 (+80.7%), from €4,875 to €8,810
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 | €224,522 | €348,264 | +€123,742 | +55.1% |
| Fixed assets | 21/28 | €46,769 | €196,841 | +€150,073 | +320.9% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -52.6% |
| Tangible fixed assets | 22/27 | €46,768 | €196,841 | +€150,073 | +320.9% |
| Land and buildings | 22 | - | €162,819 | +€162,819 | |
| Plant, machinery and equipment | 23 | €9,446 | €6,687 | -€2,759 | -29.2% |
| Furniture and vehicles | 24 | €37,322 | €23,572 | -€13,750 | -36.8% |
| Other tangible fixed assets | 26 | - | €3,763 | +€3,763 | |
| Current assets | 29/58 | €177,753 | €151,423 | -€26,330 | -14.8% |
| Stocks and contracts in progress | 3 | €11,147 | - | -€11,147 | |
| Contracts in progress | 37 | €11,147 | - | -€11,147 | |
| Amounts receivable within one year | 40/41 | €36,245 | €49,895 | +€13,650 | +37.7% |
| Trade receivables | 40 | €36,245 | €39,895 | +€3,650 | +10.1% |
| Other amounts receivable | 41 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €78,914 | €99,496 | +€20,583 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,447 | €2,032 | +€584 | +40.3% |
| Total equity and liabilities | 10/49 | €224,522 | €348,264 | +€123,742 | +55.1% |
| Equity | 10/15 | €90,290 | €160,909 | +€70,619 | +78.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,290 | €155,909 | +€70,619 | +82.8% |
| Distributable reserves | 133 | €85,290 | €155,909 | +€70,619 | +82.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €134,232 | €187,356 | +€53,124 | +39.6% |
| Amounts payable after more than one year | 17 | €60,093 | €51,169 | -€8,924 | -14.8% |
| Financial debts | 170/4 | €60,093 | €51,169 | -€8,924 | -14.8% |
| Amounts payable within one year | 42/48 | €70,691 | €136,186 | +€65,495 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €8,628 | €8,924 | +€296 | +3.4% |
| Trade debts | 44 | €24,899 | €88,210 | +€63,311 | +254.3% |
| Suppliers | 440/4 | €24,899 | €88,210 | +€63,311 | +254.3% |
| Taxes, remuneration and social security | 45 | €16,049 | €14,984 | -€1,066 | -6.6% |
| Taxes | 450/3 | €16,049 | €14,757 | -€1,292 | -8.1% |
| Remuneration and social security | 454/9 | €0 | €227 | +€227 | |
| Other amounts payable | 47/48 | €21,115 | €24,069 | +€2,954 | +14.0% |
| Accrued charges and deferred income | 492/3 | €3,447 | - | -€3,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,512 | €25,992 | +€481 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€4,658 | -€4,658 | |
| Other operating charges | 640/8 | €879 | €252 | -€627 | -71.3% |
| Non-recurring operating charges | 66A | €1,101 | €594 | -€507 | -46.1% |
| Gross operating margin | 9900 | €83,359 | €118,822 | +€35,463 | +42.5% |
| Operating profit (loss) | 9901 | €55,867 | €96,642 | +€40,774 | +73.0% |
| Financial income | 75/76B | €1,485 | €653 | -€832 | -56.0% |
| Recurring financial income | 75 | €1,485 | €653 | -€832 | -56.0% |
| Financial charges | 65/66B | €4,875 | €8,810 | +€3,934 | +80.7% |
| Recurring financial charges | 65 | €4,875 | €8,810 | +€3,934 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €52,477 | €88,485 | +€36,008 | +68.6% |
| Income taxes | 67/77 | €10,812 | €17,866 | +€7,054 | +65.2% |
| Profit (loss) for the period | 9904 | €41,665 | €70,619 | +€28,954 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,665 | €70,619 | +€28,954 | +69.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.