METApproach: 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.
METApproach
Largest movements
- Cash -€67,782
down €67,782 (-26.3%), from €257,934 to €190,152
mainly Other debts (-€64,778) and Receivables within one year (-€58,840)
- Receivables within one year +€58,840
up €58,840 (+187%), from €31,444 to €90,284
of which Other amounts receivable: +€55,960
- Tangible fixed assets -€19,625
down €19,625 (-10.7%), from €184,002 to €164,377
of which Other tangible fixed assets: -€17,651
- Reserves +€70,704
up €70,704 (+30.9%), from €228,565 to €299,269
- Other debts -€64,778
no longer reported in 2025 (was €64,778)
- Debts after one year -€19,816
down €19,816 (-14.6%), from €136,182 to €116,366
- Tax, wage and social debts -€17,556
down €17,556 (-87.0%), from €20,179 to €2,623
- Gross operating margin -€10,621
down €10,621 (-7.3%), from €144,587 to €133,965
- Taxes -€2,977
down €2,977 (-7.8%), from €38,098 to €35,122
- Depreciation -€1,849
down €1,849 (-7.0%), from €26,499 to €24,649
- Financial income +€1,793
up €1,793 (+342%), from €524 to €2,317
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 | €476,025 | €447,530 | -€28,495 | -6.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €184,002 | €164,377 | -€19,625 | -10.7% |
| Tangible fixed assets | 22/27 | €184,002 | €164,377 | -€19,625 | -10.7% |
| Land and buildings | 22 | €54,813 | €53,797 | -€1,016 | -1.9% |
| Plant, machinery and equipment | 23 | €4,647 | €3,690 | -€958 | -20.6% |
| Furniture and vehicles | 24 | €5,200 | €5,200 | = | 0.0% |
| Other tangible fixed assets | 26 | €119,341 | €101,690 | -€17,651 | -14.8% |
| Current assets | 29/58 | €292,023 | €283,154 | -€8,870 | -3.0% |
| Amounts receivable within one year | 40/41 | €31,444 | €90,284 | +€58,840 | +187% |
| Trade receivables | 40 | €31,421 | €34,302 | +€2,880 | +9.2% |
| Other amounts receivable | 41 | €22 | €55,982 | +€55,960 | +252,526% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €257,934 | €190,152 | -€67,782 | -26.3% |
| Deferred charges and accrued income | 490/1 | €2,146 | €2,218 | +€72 | +3.3% |
| Total equity and liabilities | 10/49 | €476,025 | €447,530 | -€28,495 | -6.0% |
| Equity | 10/15 | €234,765 | €305,469 | +€70,704 | +30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €228,565 | €299,269 | +€70,704 | +30.9% |
| Distributable reserves | 133 | €228,565 | €299,269 | +€70,704 | +30.9% |
| Amounts payable | 17/49 | €241,260 | €142,061 | -€99,199 | -41.1% |
| Amounts payable after more than one year | 17 | €136,182 | €116,366 | -€19,816 | -14.6% |
| Financial debts | 170/4 | €136,182 | €116,366 | -€19,816 | -14.6% |
| Amounts payable within one year | 42/48 | €104,578 | €25,195 | -€79,383 | -75.9% |
| Current portion of amounts payable after more than one year | 42 | €19,126 | €19,816 | +€690 | +3.6% |
| Trade debts | 44 | €496 | €2,757 | +€2,261 | +456% |
| Suppliers | 440/4 | €496 | €2,757 | +€2,261 | +456% |
| Taxes, remuneration and social security | 45 | €20,179 | €2,623 | -€17,556 | -87.0% |
| Taxes | 450/3 | €20,179 | €2,623 | -€17,556 | -87.0% |
| Other amounts payable | 47/48 | €64,778 | - | -€64,778 | |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,499 | €24,649 | -€1,849 | -7.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €144,587 | €133,965 | -€10,621 | -7.3% |
| Operating profit (loss) | 9901 | €117,703 | €108,929 | -€8,775 | -7.5% |
| Financial income | 75/76B | €524 | €2,317 | +€1,793 | +342% |
| Recurring financial income | 75 | €524 | €2,317 | +€1,793 | +342% |
| Financial charges | 65/66B | €6,054 | €5,421 | -€633 | -10.5% |
| Recurring financial charges | 65 | €6,054 | €5,421 | -€633 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €112,174 | €105,825 | -€6,349 | -5.7% |
| Income taxes | 67/77 | €38,098 | €35,122 | -€2,977 | -7.8% |
| Profit (loss) for the period | 9904 | €74,075 | €70,704 | -€3,372 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,075 | €70,704 | -€3,372 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.