METEC: 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.
METEC
Largest movements
- Cash -€32,339
down €32,339 (-51.3%), from €63,039 to €30,700
- Receivables within one year -€17,250
down €17,250 (-17.7%), from €97,585 to €80,335
of which Trade receivables: -€29,601
- Tangible fixed assets +€11,080
up €11,080 (+111.7%), from €9,919 to €20,999
of which Plant, machinery and equipment: +€14,335
- Receivables after one year -€7,600
down €7,600 (-29.1%), from €26,100 to €18,500
- Trade debts -€64,980
down €64,980 (-79.5%), from €81,734 to €16,755
- Profit (loss) carried forward +€32,503
up €32,503 (+86.7%), from -€37,488 to -€4,985
- Other debts -€13,083
down €13,083 (-100.0%), from €13,083 to €0
- Accrued charges and deferred income +€10,382
new in 2025: €10,382
- Tax, wage and social debts -€6,017
down €6,017 (-72.8%), from €8,271 to €2,254
- Gross operating margin +€6,401
up €6,401 (+13.0%), from €49,170 to €55,571
- Taxes +€5,362
up €5,362 (+65.7%), from €8,162 to €13,524
- Depreciation +€4,897
up €4,897 (+198.6%), from €2,466 to €7,363
- Financial income +€1,086
up €1,086 (+143.5%), from €757 to €1,842
- Financial charges +€601
up €601 (+703.6%), from €85 to €686
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,579 | €156,595 | -€44,985 | -22.3% |
| Fixed assets | 21/28 | €9,919 | €20,999 | +€11,080 | +111.7% |
| Tangible fixed assets | 22/27 | €9,919 | €20,999 | +€11,080 | +111.7% |
| Plant, machinery and equipment | 23 | €1,565 | €15,900 | +€14,335 | +916.2% |
| Furniture and vehicles | 24 | €8,354 | €5,099 | -€3,255 | -39.0% |
| Current assets | 29/58 | €191,660 | €135,596 | -€56,064 | -29.3% |
| Amounts receivable after more than one year | 29 | €26,100 | €18,500 | -€7,600 | -29.1% |
| Other amounts receivable | 291 | €26,100 | €18,500 | -€7,600 | -29.1% |
| Amounts receivable within one year | 40/41 | €97,585 | €80,335 | -€17,250 | -17.7% |
| Trade receivables | 40 | €84,543 | €54,942 | -€29,601 | -35.0% |
| Other amounts receivable | 41 | €13,042 | €25,393 | +€12,351 | +94.7% |
| Cash at bank and in hand | 54/58 | €63,039 | €30,700 | -€32,339 | -51.3% |
| Deferred charges and accrued income | 490/1 | €4,937 | €6,061 | +€1,125 | +22.8% |
| Total equity and liabilities | 10/49 | €201,579 | €156,595 | -€44,985 | -22.3% |
| Equity | 10/15 | €86,491 | €120,704 | +€34,213 | +39.6% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €11,978 | €13,689 | +€1,711 | +14.3% |
| Non-distributable reserves | 130/1 | €868 | €2,578 | +€1,711 | +197.2% |
| Legal reserve | 130 | €868 | €2,578 | +€1,711 | +197.2% |
| Distributable reserves | 133 | €11,111 | €11,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,488 | -€4,985 | +€32,503 | +86.7% |
| Provisions and deferred taxes | 16 | €12,000 | €6,500 | -€5,500 | -45.8% |
| Provisions for liabilities and charges | 160/5 | €12,000 | €6,500 | -€5,500 | -45.8% |
| Pensions and similar obligations | 160 | €12,000 | €6,500 | -€5,500 | -45.8% |
| Amounts payable | 17/49 | €103,088 | €29,390 | -€73,698 | -71.5% |
| Amounts payable within one year | 42/48 | €103,088 | €19,008 | -€84,080 | -81.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €81,734 | €16,755 | -€64,980 | -79.5% |
| Suppliers | 440/4 | €81,734 | €16,755 | -€64,980 | -79.5% |
| Taxes, remuneration and social security | 45 | €8,271 | €2,254 | -€6,017 | -72.8% |
| Taxes | 450/3 | €8,271 | €2,254 | -€6,017 | -72.8% |
| Other amounts payable | 47/48 | €13,083 | €0 | -€13,083 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €10,382 | +€10,382 | |
| Non-recurring operating income | 76A | €5,500 | €5,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,466 | €7,363 | +€4,897 | +198.6% |
| Other operating charges | 640/8 | €1,053 | €1,518 | +€465 | +44.2% |
| Non-recurring operating charges | 66A | €0 | €109 | +€109 | |
| Gross operating margin | 9900 | €49,170 | €55,571 | +€6,401 | +13.0% |
| Operating profit (loss) | 9901 | €45,651 | €46,581 | +€930 | +2.0% |
| Financial income | 75/76B | €757 | €1,842 | +€1,086 | +143.5% |
| Recurring financial income | 75 | €757 | €1,842 | +€1,086 | +143.5% |
| Financial charges | 65/66B | €85 | €686 | +€601 | +703.6% |
| Recurring financial charges | 65 | €85 | €686 | +€601 | +703.6% |
| Profit (loss) for the period before taxes | 9903 | €46,322 | €47,737 | +€1,415 | +3.1% |
| Income taxes | 67/77 | €8,162 | €13,524 | +€5,362 | +65.7% |
| Profit (loss) for the period | 9904 | €38,161 | €34,213 | -€3,947 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,161 | €34,213 | -€3,947 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.