METALÊPSIS: 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.
METALÊPSIS
Largest movements
- Tangible fixed assets +€17,765
up €17,765 (+72.8%), from €24,389 to €42,154
of which Plant, machinery and equipment: +€22,161
- Receivables within one year +€14,486
up €14,486 (+508%), from €2,850 to €17,336
of which Other amounts receivable: +€14,209
- Cash +€7,838
up €7,838 (+52.1%), from €15,041 to €22,879
mainly Other debts (+€40,614) and Depreciation (+€9,060)
- Other debts +€40,614
up €40,614 (+48.3%), from €84,112 to €124,725
- Profit (loss) carried forward -€4,254
down €4,254 (-7.2%), from -€58,820 to -€63,074
- Accrued charges and deferred income +€3,133
new in 2025: €3,133
- Trade debts +€1,597
up €1,597 (+608%), from €263 to €1,860
- Tax, wage and social debts -€1,000
no longer reported in 2025 (was €1,000)
- Taxes -€22,872
down €22,872, from €11,664 to -€11,208
- Gross operating margin -€10,079
down €10,079, from €7,344 to -€2,735
- Financial charges +€3,118
up €3,118 (+1,260%), from €248 to €3,366
- Other operating charges -€3,100
down €3,100 (-91.1%), from €3,401 to €301
- Depreciation +€1,608
up €1,608 (+21.6%), from €7,452 to €9,060
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 | €42,279 | €82,369 | +€40,089 | +94.8% |
| Fixed assets | 21/28 | €24,389 | €42,154 | +€17,765 | +72.8% |
| Tangible fixed assets | 22/27 | €24,389 | €42,154 | +€17,765 | +72.8% |
| Plant, machinery and equipment | 23 | €2,771 | €24,933 | +€22,161 | +800% |
| Furniture and vehicles | 24 | €21,618 | €17,221 | -€4,396 | -20.3% |
| Current assets | 29/58 | €17,890 | €40,215 | +€22,324 | +125% |
| Amounts receivable within one year | 40/41 | €2,850 | €17,336 | +€14,486 | +508% |
| Trade receivables | 40 | €2,850 | €3,127 | +€277 | +9.7% |
| Other amounts receivable | 41 | - | €14,209 | +€14,209 | |
| Cash at bank and in hand | 54/58 | €15,041 | €22,879 | +€7,838 | +52.1% |
| Total equity and liabilities | 10/49 | €42,279 | €82,369 | +€40,089 | +94.8% |
| Equity | 10/15 | -€43,095 | -€47,349 | -€4,254 | -9.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,725 | €12,725 | = | 0.0% |
| Distributable reserves | 133 | €12,725 | €12,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,820 | -€63,074 | -€4,254 | -7.2% |
| Amounts payable | 17/49 | €85,374 | €129,718 | +€44,343 | +51.9% |
| Amounts payable within one year | 42/48 | €85,374 | €126,585 | +€41,211 | +48.3% |
| Trade debts | 44 | €263 | €1,860 | +€1,597 | +608% |
| Suppliers | 440/4 | €263 | €1,860 | +€1,597 | +608% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €84,112 | €124,725 | +€40,614 | +48.3% |
| Accrued charges and deferred income | 492/3 | - | €3,133 | +€3,133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,452 | €9,060 | +€1,608 | +21.6% |
| Other operating charges | 640/8 | €3,401 | €301 | -€3,100 | -91.1% |
| Gross operating margin | 9900 | €7,344 | -€2,735 | -€10,079 | |
| Operating profit (loss) | 9901 | -€3,509 | -€12,096 | -€8,588 | -245% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €248 | €3,366 | +€3,118 | +1,260% |
| Recurring financial charges | 65 | €248 | €3,366 | +€3,118 | +1,260% |
| Profit (loss) for the period before taxes | 9903 | -€3,756 | -€15,462 | -€11,706 | -312% |
| Income taxes | 67/77 | €11,664 | -€11,208 | -€22,872 | |
| Profit (loss) for the period | 9904 | -€15,420 | -€4,254 | +€11,166 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,420 | -€4,254 | +€11,166 | +72.4% |
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 21 October 2026 via checked.be.