METANOX: 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.
METANOX
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-80.9%), from €1.4m to €267,446
of which Trade receivables: -€1.1m
- Cash -€332,989
down €332,989 (-34.1%), from €977,354 to €644,365
mainly Accrued charges and deferred income (-€843,800) and Trade debts (-€643,927)
- Deferred charges and accrued income -€270,810
down €270,810 (-91.3%), from €296,736 to €25,926
- Tangible fixed assets +€69,187
up €69,187 (+25.8%), from €268,226 to €337,413
of which Furniture and vehicles: +€64,431
- Accrued charges and deferred income -€843,800
down €843,800 (-100.0%), from €843,800 to €0
- Trade debts -€643,927
down €643,927 (-80.5%), from €800,148 to €156,222
- Other debts -€210,102
down €210,102 (-41.9%), from €501,124 to €291,021
- Reserves +€79,495
up €79,495 (+7.5%), from €1.1m to €1.1m
of which Distributable reserves: +€79,495
- Gross operating margin -€101,368
down €101,368 (-15.6%), from €651,130 to €549,762
- Staff costs +€75,436
up €75,436 (+24.3%), from €310,604 to €386,040
- Taxes -€24,034
down €24,034 (-47.8%), from €50,262 to €26,228
- Financial charges -€15,069
down €15,069 (-67.7%), from €22,263 to €7,193
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 | €3,433,918 | €1,786,043 | -€1.6m | -48.0% |
| Fixed assets | 21/28 | €268,226 | €337,413 | +€69,187 | +25.8% |
| Tangible fixed assets | 22/27 | €268,226 | €337,413 | +€69,187 | +25.8% |
| Land and buildings | 22 | €211,335 | €216,809 | +€5,474 | +2.6% |
| Plant, machinery and equipment | 23 | €718 | €0 | -€718 | -100.0% |
| Furniture and vehicles | 24 | €56,173 | €120,604 | +€64,431 | +114.7% |
| Current assets | 29/58 | €3,165,691 | €1,448,630 | -€1.7m | -54.2% |
| Stocks and contracts in progress | 3 | €492,787 | €510,894 | +€18,107 | +3.7% |
| Stocks | 30/36 | €492,787 | €510,894 | +€18,107 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,398,815 | €267,446 | -€1.1m | -80.9% |
| Trade receivables | 40 | €1,393,778 | €265,937 | -€1.1m | -80.9% |
| Other amounts receivable | 41 | €5,037 | €1,509 | -€3,528 | -70.0% |
| Cash at bank and in hand | 54/58 | €977,354 | €644,365 | -€332,989 | -34.1% |
| Deferred charges and accrued income | 490/1 | €296,736 | €25,926 | -€270,810 | -91.3% |
| Total equity and liabilities | 10/49 | €3,433,918 | €1,786,043 | -€1.6m | -48.0% |
| Equity | 10/15 | €1,207,883 | €1,287,379 | +€79,495 | +6.6% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €1,063,883 | €1,143,379 | +€79,495 | +7.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,045,133 | €1,124,629 | +€79,495 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,226,034 | €498,665 | -€1.7m | -77.6% |
| Amounts payable within one year | 42/48 | €1,382,234 | €498,665 | -€883,569 | -63.9% |
| Financial debts | 43 | - | €1,112 | +€1,112 | |
| Credit institutions | 430/8 | - | €1,112 | +€1,112 | |
| Trade debts | 44 | €800,148 | €156,222 | -€643,927 | -80.5% |
| Suppliers | 440/4 | €800,148 | €156,222 | -€643,927 | -80.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €80,962 | €50,309 | -€30,653 | -37.9% |
| Taxes | 450/3 | €51,188 | €16,324 | -€34,864 | -68.1% |
| Remuneration and social security | 454/9 | €29,775 | €33,986 | +€4,211 | +14.1% |
| Other amounts payable | 47/48 | €501,124 | €291,021 | -€210,102 | -41.9% |
| Accrued charges and deferred income | 492/3 | €843,800 | €0 | -€843,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €310,604 | €386,040 | +€75,436 | +24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,368 | €25,413 | -€955 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €18,465 | €18,081 | -€384 | -2.1% |
| Non-recurring operating charges | 66A | €2,742 | €9,232 | +€6,491 | +236.7% |
| Gross operating margin | 9900 | €651,130 | €549,762 | -€101,368 | -15.6% |
| Operating profit (loss) | 9901 | €292,951 | €110,996 | -€181,956 | -62.1% |
| Financial income | 75/76B | €126 | €1,921 | +€1,795 | +1421.1% |
| Recurring financial income | 75 | €126 | €1,921 | +€1,795 | +1421.1% |
| Financial charges | 65/66B | €22,263 | €7,193 | -€15,069 | -67.7% |
| Recurring financial charges | 65 | €22,263 | €7,193 | -€15,069 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €270,815 | €105,723 | -€165,092 | -61.0% |
| Income taxes | 67/77 | €50,262 | €26,228 | -€24,034 | -47.8% |
| Profit (loss) for the period | 9904 | €220,553 | €79,495 | -€141,057 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €220,553 | €79,495 | -€141,057 | -64.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.