METENY QUARTET INSTRUMENTS: 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.
METENY QUARTET INSTRUMENTS
Largest movements
- Receivables within one year -€34,911
down €34,911 (-74.0%), from €47,147 to €12,237
of which Trade receivables: -€36,198
- Tangible fixed assets -€16,280
down €16,280 (-9.0%), from €180,630 to €164,351
- Cash -€10,155
down €10,155 (-100%), from €10,155 to €0
mainly Debts after one year (-€63,917) and Net result for the year (-€39,454)
- Stocks and contracts -€8,573
down €8,573 (-3.7%), from €230,522 to €221,950
- Other debts +€69,521
up €69,521 (+853%), from €8,147 to €77,669
- Debts after one year -€63,917
down €63,917 (-37.6%), from €170,131 to €106,214
of which Other amounts payable: -€59,521
- Profit (loss) carried forward -€34,186
down €34,186, from €11,451 to -€22,735
- Short-term financial debts -€16,526
down €16,526 (-21.2%), from €77,961 to €61,435
- Trade debts -€12,475
down €12,475 (-48.1%), from €25,918 to €13,443
- Gross operating margin -€61,978
down €61,978 (-96.4%), from €64,286 to €2,308
- Taxes -€5,403
no longer reported in 2025 (was €5,403)
- Financial charges -€3,328
down €3,328 (-19.2%), from €17,296 to €13,968
- Depreciation +€1,450
up €1,450 (+9.8%), from €14,830 to €16,280
- Other operating charges -€1,411
down €1,411 (-37.6%), from €3,749 to €2,338
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 | €472,250 | €403,781 | -€68,469 | -14.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €182,630 | €166,351 | -€16,280 | -8.9% |
| Tangible fixed assets | 22/27 | €180,630 | €164,351 | -€16,280 | -9.0% |
| Land and buildings | 22 | €161,145 | €153,173 | -€7,972 | -4.9% |
| Plant, machinery and equipment | 23 | €862 | €458 | -€403 | -46.8% |
| Furniture and vehicles | 24 | €18,624 | €10,720 | -€7,904 | -42.4% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €289,619 | €237,431 | -€52,189 | -18.0% |
| Stocks and contracts in progress | 3 | €230,522 | €221,950 | -€8,573 | -3.7% |
| Stocks | 30/36 | €230,522 | €221,950 | -€8,573 | -3.7% |
| Amounts receivable within one year | 40/41 | €47,147 | €12,237 | -€34,911 | -74.0% |
| Trade receivables | 40 | €47,147 | €10,949 | -€36,198 | -76.8% |
| Other amounts receivable | 41 | - | €1,288 | +€1,288 | |
| Cash at bank and in hand | 54/58 | €10,155 | €0 | -€10,155 | -100% |
| Deferred charges and accrued income | 490/1 | €1,795 | €3,244 | +€1,450 | +80.8% |
| Total equity and liabilities | 10/49 | €472,250 | €403,781 | -€68,469 | -14.5% |
| Equity | 10/15 | €123,460 | €84,006 | -€39,454 | -32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,409 | €88,141 | -€5,268 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,549 | €86,281 | -€5,268 | -5.8% |
| Profit (loss) carried forward | 14 | €11,451 | -€22,735 | -€34,186 | |
| Provisions and deferred taxes | 16 | €22,887 | €21,570 | -€1,317 | -5.8% |
| Deferred taxes | 168 | €22,887 | €21,570 | -€1,317 | -5.8% |
| Amounts payable | 17/49 | €325,903 | €298,205 | -€27,698 | -8.5% |
| Amounts payable after more than one year | 17 | €170,131 | €106,214 | -€63,917 | -37.6% |
| Financial debts | 170/4 | €110,610 | €106,214 | -€4,396 | -4.0% |
| Other amounts payable | 178/9 | €59,521 | - | -€59,521 | |
| Amounts payable within one year | 42/48 | €155,771 | €191,991 | +€36,219 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €32,866 | €33,853 | +€987 | +3.0% |
| Financial debts | 43 | €77,961 | €61,435 | -€16,526 | -21.2% |
| Credit institutions | 430/8 | €77,961 | €61,435 | -€16,526 | -21.2% |
| Trade debts | 44 | €25,918 | €13,443 | -€12,475 | -48.1% |
| Suppliers | 440/4 | €25,918 | €13,443 | -€12,475 | -48.1% |
| Taxes, remuneration and social security | 45 | €10,879 | €5,591 | -€5,288 | -48.6% |
| Taxes | 450/3 | €7,286 | €5,591 | -€1,695 | -23.3% |
| Remuneration and social security | 454/9 | €3,593 | €0 | -€3,593 | -100% |
| Other amounts payable | 47/48 | €8,147 | €77,669 | +€69,521 | +853% |
| Remuneration, social security and pensions | 62 | €9,232 | €10,494 | +€1,262 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,830 | €16,280 | +€1,450 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €560 | - | -€560 | |
| Other operating charges | 640/8 | €3,749 | €2,338 | -€1,411 | -37.6% |
| Gross operating margin | 9900 | €64,286 | €2,308 | -€61,978 | -96.4% |
| Operating profit (loss) | 9901 | €35,915 | -€26,803 | -€62,718 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -77.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -77.7% |
| Financial charges | 65/66B | €17,296 | €13,968 | -€3,328 | -19.2% |
| Recurring financial charges | 65 | €17,296 | €13,968 | -€3,328 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €18,621 | -€40,771 | -€59,392 | |
| Transfer from deferred taxes | 780 | €1,317 | €1,317 | = | 0.0% |
| Income taxes | 67/77 | €5,403 | - | -€5,403 | |
| Profit (loss) for the period | 9904 | €14,534 | -€39,454 | -€53,988 | |
| Transfer from tax-exempt reserves | 789 | €5,268 | €5,268 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,802 | -€34,186 | -€53,988 |
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 13 October 2026 via checked.be.