METECO: 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.
METECO
Largest movements
- Cash +€47,208
up €47,208 (+110%), from €42,892 to €90,099
mainly Net result for the year (+€71,759) and Depreciation (+€23,053)
- Current investments +€10,255
up €10,255 (+27.9%), from €36,819 to €47,073
- Tangible fixed assets -€10,031
down €10,031 (-9.0%), from €111,477 to €101,446
of which Other tangible fixed assets: -€20,905
- Receivables within one year +€5,624
up €5,624 (+12.0%), from €46,792 to €52,416
of which Other amounts receivable: +€4,966
- Reserves +€71,759
up €71,759 (+35.6%), from €201,500 to €273,259
- Debts after one year -€13,283
down €13,283 (-66.4%), from €19,997 to €6,714
- Gross operating margin +€16,115
up €16,115 (+8.5%), from €189,718 to €205,832
- Taxes +€8,082
up €8,082 (+30.7%), from €26,345 to €34,427
- Depreciation -€4,179
down €4,179 (-15.3%), from €27,232 to €23,053
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 | €274,360 | €328,339 | +€53,979 | +19.7% |
| Fixed assets | 21/28 | €113,877 | €103,846 | -€10,031 | -8.8% |
| Tangible fixed assets | 22/27 | €111,477 | €101,446 | -€10,031 | -9.0% |
| Furniture and vehicles | 24 | €4,618 | €15,491 | +€10,873 | +235% |
| Other tangible fixed assets | 26 | €106,859 | €85,954 | -€20,905 | -19.6% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €160,483 | €224,493 | +€64,011 | +39.9% |
| Amounts receivable after more than one year | 29 | €33,981 | €33,981 | = | 0.0% |
| Other amounts receivable | 291 | €33,981 | €33,981 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,792 | €52,416 | +€5,624 | +12.0% |
| Trade receivables | 40 | €18,918 | €19,576 | +€658 | +3.5% |
| Other amounts receivable | 41 | €27,874 | €32,840 | +€4,966 | +17.8% |
| Current investments | 50/53 | €36,819 | €47,073 | +€10,255 | +27.9% |
| Cash at bank and in hand | 54/58 | €42,892 | €90,099 | +€47,208 | +110% |
| Deferred charges and accrued income | 490/1 | - | €924 | +€924 | |
| Total equity and liabilities | 10/49 | €274,360 | €328,339 | +€53,979 | +19.7% |
| Equity | 10/15 | €220,050 | €291,809 | +€71,759 | +32.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €201,500 | €273,259 | +€71,759 | +35.6% |
| Distributable reserves | 133 | €201,500 | €273,259 | +€71,759 | +35.6% |
| Amounts payable | 17/49 | €54,310 | €36,530 | -€17,780 | -32.7% |
| Amounts payable after more than one year | 17 | €19,997 | €6,714 | -€13,283 | -66.4% |
| Financial debts | 170/4 | €19,997 | €6,714 | -€13,283 | -66.4% |
| Amounts payable within one year | 42/48 | €33,622 | €29,630 | -€3,993 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €13,092 | €13,283 | +€191 | +1.5% |
| Financial debts | 43 | €2,500 | - | -€2,500 | |
| Other loans | 439 | €2,500 | - | -€2,500 | |
| Trade debts | 44 | €5,771 | €6,413 | +€642 | +11.1% |
| Suppliers | 440/4 | €5,771 | €6,413 | +€642 | +11.1% |
| Taxes, remuneration and social security | 45 | €12,260 | €9,934 | -€2,325 | -19.0% |
| Taxes | 450/3 | €3,278 | €631 | -€2,647 | -80.8% |
| Remuneration and social security | 454/9 | €8,982 | €9,303 | +€322 | +3.6% |
| Accrued charges and deferred income | 492/3 | €690 | €186 | -€504 | -73.0% |
| Remuneration, social security and pensions | 62 | €73,895 | €75,510 | +€1,615 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,232 | €23,053 | -€4,179 | -15.3% |
| Other operating charges | 640/8 | €1,137 | €1,007 | -€130 | -11.4% |
| Gross operating margin | 9900 | €189,718 | €205,832 | +€16,115 | +8.5% |
| Operating profit (loss) | 9901 | €87,453 | €106,262 | +€18,809 | +21.5% |
| Financial income | 75/76B | €1,561 | €2,392 | +€831 | +53.3% |
| Recurring financial income | 75 | €1,561 | €2,392 | +€831 | +53.3% |
| Financial charges | 65/66B | €4,373 | €2,469 | -€1,905 | -43.5% |
| Recurring financial charges | 65 | €4,373 | €2,469 | -€1,905 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €84,641 | €106,185 | +€21,545 | +25.5% |
| Income taxes | 67/77 | €26,345 | €34,427 | +€8,082 | +30.7% |
| Profit (loss) for the period | 9904 | €58,296 | €71,759 | +€13,463 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,296 | €71,759 | +€13,463 | +23.1% |
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 15 October 2026 via checked.be.