METAKOR: 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.
What changed
METAKOR
NACE 31.001, Manufacture of furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€174,662
2024 · -€241,506+€66,844
Equity
€1.0m
2024 · €1.2m-€175,333
Cash
€79,556
2024 · €38,633+€40,923
Balance sheet total
€4.2m
2024 · €4.2m-€25,108
Largest movements
Assets
- Tangible fixed assets -€142,707
down €142,707 (-11.5%), from €1.2m to €1.1m
- Stocks and contracts +€83,011
up €83,011 (+4.3%), from €1.9m to €2.0m
Equity and liabilities
- Profit (loss) carried forward -€174,662
down €174,662 (-15.0%), from -€1.2m to -€1.3m
- Trade debts +€161,751
up €161,751 (+56.7%), from €285,303 to €447,053
Income statement
- Staff costs -€40,129
down €40,129 (-4.0%), from €1.0m to €975,252
- Depreciation -€26,846
down €26,846 (-14.4%), from €187,064 to €160,218
- Financial charges -€26,347
down €26,347 (-17.2%), from €153,143 to €126,795
- Gross operating margin -€23,258
down €23,258 (-2.0%), from €1.1m to €1.1m
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.
Result 2024
-€241,506
Gross operating margin
-€23,258
Staff costs
+€40,129
Depreciation
+€26,846
Other operating charges
+€867
Financial income
-€4,080
Financial charges
+€26,347
Taxes
+€40
Deferred taxes and other
-€49
Result 2025
-€174,662
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.
From operations
+€65,307
Investment
-€30,412
Financing
+€6,028
Cash 2024
€38,633
From operations (derived)
+€65,307
Net result for the year
-€174,662
Depreciation
+€160,218
Stocks and contracts
-€83,011
Receivables within one year
+€4,661
Deferred charges and accrued income
+€14,576
Provisions
-€345
Trade debts
+€161,751
Tax, wage and social debts
-€28,970
Accrued charges and deferred income
+€11,091
Investment (derived)
-€30,412
Investment in fixed assets (net)
-€30,412
Financing
+€6,028
Debts after one year
-€26,637
Current portion of long-term debt
+€25,900
Short-term financial debts
+€7,436
Contributions, distributions and other
-€670
Cash 2025
€79,556
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,200,284 | €4,175,176 | -€25,108 | -0.6% |
| Fixed assets | 21/28 | €1,361,524 | €1,231,718 | -€129,806 | -9.5% |
| Intangible fixed assets | 21 | €19,478 | €32,379 | +€12,901 | +66.2% |
| Tangible fixed assets | 22/27 | €1,242,046 | €1,099,339 | -€142,707 | -11.5% |
| Land and buildings | 22 | €891,657 | €831,073 | -€60,585 | -6.8% |
| Plant, machinery and equipment | 23 | €269,238 | €217,693 | -€51,545 | -19.1% |
| Furniture and vehicles | 24 | €2,307 | €1,063 | -€1,244 | -53.9% |
| Leasing and similar rights | 25 | €78,844 | €49,511 | -€29,333 | -37.2% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €2,838,760 | €2,943,458 | +€104,698 | +3.7% |
| Stocks and contracts in progress | 3 | €1,942,074 | €2,025,085 | +€83,011 | +4.3% |
| Stocks | 30/36 | €1,942,074 | €2,025,085 | +€83,011 | +4.3% |
| Amounts receivable within one year | 40/41 | €799,938 | €795,277 | -€4,661 | -0.6% |
| Trade receivables | 40 | €737,810 | €745,123 | +€7,313 | +1.0% |
| Other amounts receivable | 41 | €62,128 | €50,154 | -€11,973 | -19.3% |
| Cash at bank and in hand | 54/58 | €38,633 | €79,556 | +€40,923 | +105.9% |
| Deferred charges and accrued income | 490/1 | €58,115 | €43,539 | -€14,576 | -25.1% |
| Total equity and liabilities | 10/49 | €4,200,284 | €4,175,176 | -€25,108 | -0.6% |
| Equity | 10/15 | €1,205,553 | €1,030,220 | -€175,333 | -14.5% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Revaluation surpluses | 12 | €196,842 | €180,000 | -€16,842 | -8.6% |
| Reserves | 13 | €772,675 | €789,517 | +€16,842 | +2.2% |
| Non-distributable reserves | 130/1 | €36,081 | €36,081 | = | 0.0% |
| Legal reserve | 130 | €36,081 | €36,081 | = | 0.0% |
| Tax-exempt reserves | 132 | €199,093 | €199,093 | = | 0.0% |
| Distributable reserves | 133 | €537,501 | €554,343 | +€16,842 | +3.1% |
| Profit (loss) carried forward | 14 | -€1,164,635 | -€1,339,297 | -€174,662 | -15.0% |
| Investment grants | 15 | €670 | - | -€670 | |
| Provisions and deferred taxes | 16 | €345 | - | -€345 | |
| Deferred taxes | 168 | €345 | - | -€345 | |
| Amounts payable | 17/49 | €2,994,386 | €3,144,956 | +€150,570 | +5.0% |
| Amounts payable after more than one year | 17 | €987,559 | €960,922 | -€26,637 | -2.7% |
| Financial debts | 170/4 | €504,559 | €453,922 | -€50,637 | -10.0% |
| Other amounts payable | 178/9 | €483,000 | €507,000 | +€24,000 | +5.0% |
| Amounts payable within one year | 42/48 | €2,001,012 | €2,167,127 | +€166,116 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €92,621 | €118,520 | +€25,900 | +28.0% |
| Financial debts | 43 | €1,442,807 | €1,450,243 | +€7,436 | +0.5% |
| Credit institutions | 430/8 | €1,442,807 | €1,450,243 | +€7,436 | +0.5% |
| Trade debts | 44 | €285,303 | €447,053 | +€161,751 | +56.7% |
| Suppliers | 440/4 | €285,303 | €447,053 | +€161,751 | +56.7% |
| Taxes, remuneration and social security | 45 | €180,281 | €151,311 | -€28,970 | -16.1% |
| Taxes | 450/3 | €48,485 | €26,862 | -€21,623 | -44.6% |
| Remuneration and social security | 454/9 | €131,796 | €124,450 | -€7,347 | -5.6% |
| Accrued charges and deferred income | 492/3 | €5,816 | €16,907 | +€11,091 | +190.7% |
| Remuneration, social security and pensions | 62 | €1,015,381 | €975,252 | -€40,129 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,064 | €160,218 | -€26,846 | -14.4% |
| Other operating charges | 640/8 | €39,434 | €38,567 | -€867 | -2.2% |
| Gross operating margin | 9900 | €1,147,040 | €1,123,783 | -€23,258 | -2.0% |
| Operating profit (loss) | 9901 | -€94,839 | -€50,254 | +€44,584 | +47.0% |
| Financial income | 75/76B | €6,803 | €2,723 | -€4,080 | -60.0% |
| Recurring financial income | 75 | €6,803 | €2,723 | -€4,080 | -60.0% |
| Financial charges | 65/66B | €153,143 | €126,795 | -€26,347 | -17.2% |
| Recurring financial charges | 65 | €153,143 | €126,795 | -€26,347 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€241,178 | -€174,326 | +€66,852 | +27.7% |
| Transfer from deferred taxes | 780 | €394 | €345 | -€49 | -12.4% |
| Income taxes | 67/77 | €721 | €681 | -€40 | -5.6% |
| Profit (loss) for the period | 9904 | -€241,506 | -€174,662 | +€66,844 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€241,506 | -€174,662 | +€66,844 | +27.7% |
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.