METAPLEX: 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.
METAPLEX
Largest movements
- Receivables within one year +€77,566
up €77,566 (+14.6%), from €532,023 to €609,589
of which Other amounts receivable: +€91,769
- Stocks and contracts -€44,696
down €44,696 (-22.3%), from €200,273 to €155,577
- Tangible fixed assets -€31,186
down €31,186 (-13.3%), from €235,069 to €203,884
of which Plant, machinery and equipment: -€27,339
- Cash +€22,643
up €22,643 (+137%), from €16,538 to €39,181
mainly Net result for the year (+€99,279) and Depreciation (+€44,866)
- Reserves +€99,279
up €99,279 (+32.9%), from €301,371 to €400,650
of which Distributable reserves: +€99,279
- Debts after one year -€33,912
down €33,912 (-31.2%), from €108,859 to €74,946
- Trade debts -€23,579
down €23,579 (-16.8%), from €140,349 to €116,770
- Accrued charges and deferred income -€19,898
down €19,898 (-81.6%), from €24,395 to €4,497
- Gross operating margin +€61,104
up €61,104 (+18.1%), from €338,167 to €399,271
- Financial charges +€7,516
up €7,516 (+43.2%), from €17,410 to €24,926
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 | €1,003,339 | €1,023,053 | +€19,714 | +2.0% |
| Fixed assets | 21/28 | €236,599 | €204,714 | -€31,885 | -13.5% |
| Intangible fixed assets | 21 | €1,530 | €830 | -€700 | -45.7% |
| Tangible fixed assets | 22/27 | €235,069 | €203,884 | -€31,186 | -13.3% |
| Plant, machinery and equipment | 23 | €219,537 | €192,198 | -€27,339 | -12.5% |
| Furniture and vehicles | 24 | €8,843 | €4,996 | -€3,847 | -43.5% |
| Other tangible fixed assets | 26 | €6,690 | €6,690 | = | 0.0% |
| Current assets | 29/58 | €766,740 | €818,339 | +€51,599 | +6.7% |
| Stocks and contracts in progress | 3 | €200,273 | €155,577 | -€44,696 | -22.3% |
| Stocks | 30/36 | €200,273 | €155,577 | -€44,696 | -22.3% |
| Amounts receivable within one year | 40/41 | €532,023 | €609,589 | +€77,566 | +14.6% |
| Trade receivables | 40 | €165,306 | €151,103 | -€14,203 | -8.6% |
| Other amounts receivable | 41 | €366,717 | €458,486 | +€91,769 | +25.0% |
| Cash at bank and in hand | 54/58 | €16,538 | €39,181 | +€22,643 | +137% |
| Deferred charges and accrued income | 490/1 | €17,905 | €13,991 | -€3,914 | -21.9% |
| Total equity and liabilities | 10/49 | €1,003,339 | €1,023,053 | +€19,714 | +2.0% |
| Equity | 10/15 | €363,742 | €463,022 | +€99,279 | +27.3% |
| Contributions | 10/11 | €62,371 | €62,371 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €371 | €371 | = | 0.0% |
| Share premium | 1100/10 | €371 | €371 | = | 0.0% |
| Reserves | 13 | €301,371 | €400,650 | +€99,279 | +32.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €540 | €540 | = | 0.0% |
| Distributable reserves | 133 | €294,631 | €393,910 | +€99,279 | +33.7% |
| Amounts payable | 17/49 | €639,597 | €560,031 | -€79,565 | -12.4% |
| Amounts payable after more than one year | 17 | €108,859 | €74,946 | -€33,912 | -31.2% |
| Financial debts | 170/4 | €108,859 | €74,946 | -€33,912 | -31.2% |
| Amounts payable within one year | 42/48 | €506,343 | €480,588 | -€25,755 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €33,491 | €33,912 | +€421 | +1.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €140,349 | €116,770 | -€23,579 | -16.8% |
| Suppliers | 440/4 | €140,349 | €116,770 | -€23,579 | -16.8% |
| Advances received on contracts in progress | 46 | €3,116 | €2,169 | -€947 | -30.4% |
| Taxes, remuneration and social security | 45 | €36,181 | €38,042 | +€1,861 | +5.1% |
| Taxes | 450/3 | €8,799 | €8,653 | -€145 | -1.7% |
| Remuneration and social security | 454/9 | €27,382 | €29,389 | +€2,006 | +7.3% |
| Other amounts payable | 47/48 | €43,206 | €39,695 | -€3,511 | -8.1% |
| Accrued charges and deferred income | 492/3 | €24,395 | €4,497 | -€19,898 | -81.6% |
| Remuneration, social security and pensions | 62 | €224,492 | €221,244 | -€3,247 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,210 | €44,866 | +€656 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €140 | - | -€140 | |
| Other operating charges | 640/8 | €9,723 | €9,390 | -€333 | -3.4% |
| Gross operating margin | 9900 | €338,167 | €399,271 | +€61,104 | +18.1% |
| Operating profit (loss) | 9901 | €59,602 | €123,771 | +€64,169 | +108% |
| Financial income | 75/76B | €1,379 | €435 | -€944 | -68.5% |
| Recurring financial income | 75 | €1,379 | €435 | -€944 | -68.5% |
| Financial charges | 65/66B | €17,410 | €24,926 | +€7,516 | +43.2% |
| Recurring financial charges | 65 | €17,410 | €24,926 | +€7,516 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €43,571 | €99,279 | +€55,709 | +128% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €43,571 | €99,279 | +€55,709 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €43,571 | €99,279 | +€55,709 | +128% |
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 19 October 2026 via checked.be.