METASETECH: 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.
METASETECH
Largest movements
- Tangible fixed assets +€80,354
up €80,354 (+8.1%), from €987,003 to €1.1m
of which Plant, machinery and equipment: +€55,641
- Stocks and contracts -€80,102
down €80,102 (-15.1%), from €530,847 to €450,745
- Receivables within one year +€60,093
up €60,093 (+19.9%), from €301,676 to €361,769
of which Trade receivables: +€69,835
- Cash -€50,501
down €50,501 (-40.4%), from €124,971 to €74,470
mainly Investment in fixed assets (net) (-€234,330) and Debts after one year (-€63,826)
- Intangible fixed assets +€43,186
up €43,186 (+91.4%), from €47,257 to €90,442
- Reserves +€145,740
up €145,740 (+50.3%), from €289,998 to €435,738
of which Distributable reserves: +€145,740
- Debts after one year -€63,826
down €63,826 (-9.1%), from €703,892 to €640,066
- Other debts -€51,511
down €51,511 (-31.5%), from €163,601 to €112,089
- Current portion of long-term debt +€29,998
up €29,998 (+24.2%), from €124,098 to €154,096
- Gross operating margin +€65,135
up €65,135 (+10.5%), from €621,751 to €686,886
- Staff costs +€41,478
up €41,478 (+14.1%), from €294,709 to €336,187
- Taxes +€16,048
up €16,048 (+1,685%), from €953 to €17,001
- Financial charges -€10,640
down €10,640 (-17.3%), from €61,601 to €50,961
- Other operating charges +€8,639
up €8,639 (+49.6%), from €17,429 to €26,068
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 | €1,999,123 | €2,052,159 | +€53,036 | +2.7% |
| Fixed assets | 21/28 | €1,040,933 | €1,164,473 | +€123,540 | +11.9% |
| Intangible fixed assets | 21 | €47,257 | €90,442 | +€43,186 | +91.4% |
| Tangible fixed assets | 22/27 | €987,003 | €1,067,357 | +€80,354 | +8.1% |
| Land and buildings | 22 | €958,437 | €983,781 | +€25,344 | +2.6% |
| Plant, machinery and equipment | 23 | €27,883 | €83,524 | +€55,641 | +200% |
| Furniture and vehicles | 24 | €683 | €52 | -€631 | -92.4% |
| Financial fixed assets | 28 | €6,673 | €6,673 | = | 0.0% |
| Current assets | 29/58 | €958,190 | €887,686 | -€70,504 | -7.4% |
| Stocks and contracts in progress | 3 | €530,847 | €450,745 | -€80,102 | -15.1% |
| Stocks | 30/36 | €530,847 | €450,745 | -€80,102 | -15.1% |
| Amounts receivable within one year | 40/41 | €301,676 | €361,769 | +€60,093 | +19.9% |
| Trade receivables | 40 | €260,740 | €330,576 | +€69,835 | +26.8% |
| Other amounts receivable | 41 | €40,936 | €31,194 | -€9,742 | -23.8% |
| Cash at bank and in hand | 54/58 | €124,971 | €74,470 | -€50,501 | -40.4% |
| Deferred charges and accrued income | 490/1 | €696 | €702 | +€6 | +0.9% |
| Total equity and liabilities | 10/49 | €1,999,123 | €2,052,159 | +€53,036 | +2.7% |
| Equity | 10/15 | €491,530 | €632,803 | +€141,274 | +28.7% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €289,998 | €435,738 | +€145,740 | +50.3% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €286,998 | €432,738 | +€145,740 | +50.8% |
| Investment grants | 15 | €41,532 | €37,065 | -€4,466 | -10.8% |
| Amounts payable | 17/49 | €1,507,594 | €1,419,356 | -€88,237 | -5.9% |
| Amounts payable after more than one year | 17 | €703,892 | €640,066 | -€63,826 | -9.1% |
| Financial debts | 170/4 | €703,892 | €640,066 | -€63,826 | -9.1% |
| Amounts payable within one year | 42/48 | €802,231 | €769,606 | -€32,625 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €124,098 | €154,096 | +€29,998 | +24.2% |
| Financial debts | 43 | €250,000 | €265,159 | +€15,159 | +6.1% |
| Credit institutions | 430/8 | €250,000 | €265,159 | +€15,159 | +6.1% |
| Trade debts | 44 | €218,054 | €208,015 | -€10,039 | -4.6% |
| Suppliers | 440/4 | €218,054 | €208,015 | -€10,039 | -4.6% |
| Advances received on contracts in progress | 46 | €3,075 | €55 | -€3,020 | -98.2% |
| Taxes, remuneration and social security | 45 | €43,403 | €30,191 | -€13,212 | -30.4% |
| Taxes | 450/3 | €23,819 | €3,009 | -€20,810 | -87.4% |
| Remuneration and social security | 454/9 | €19,584 | €27,182 | +€7,598 | +38.8% |
| Other amounts payable | 47/48 | €163,601 | €112,089 | -€51,511 | -31.5% |
| Accrued charges and deferred income | 492/3 | €1,471 | €9,684 | +€8,214 | +559% |
| Non-recurring operating income | 76A | €400 | €5,160 | +€4,760 | +1,190% |
| Remuneration, social security and pensions | 62 | €294,709 | €336,187 | +€41,478 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,303 | €110,790 | +€2,487 | +2.3% |
| Other operating charges | 640/8 | €17,429 | €26,068 | +€8,639 | +49.6% |
| Non-recurring operating charges | 66A | - | €5,116 | +€5,116 | |
| Gross operating margin | 9900 | €621,751 | €686,886 | +€65,135 | +10.5% |
| Operating profit (loss) | 9901 | €201,311 | €208,725 | +€7,414 | +3.7% |
| Financial income | 75/76B | €6,598 | €4,977 | -€1,621 | -24.6% |
| Recurring financial income | 75 | €6,598 | €4,977 | -€1,621 | -24.6% |
| Financial charges | 65/66B | €61,601 | €50,961 | -€10,640 | -17.3% |
| Recurring financial charges | 65 | €61,601 | €50,961 | -€10,640 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €146,308 | €162,741 | +€16,433 | +11.2% |
| Income taxes | 67/77 | €953 | €17,001 | +€16,048 | +1,685% |
| Profit (loss) for the period | 9904 | €145,355 | €145,740 | +€385 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,355 | €145,740 | +€385 | +0.3% |
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 25 October 2026 via checked.be.