METES: 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.
What changed
METES
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€326,205
2024 · €316,087-€642,292
Equity
€4.8m
2024 · €5.1m-€326,205
Cash
€4.8m
2024 · €3.1m+€1.7m
Balance sheet total
€16.1m
2024 · €16.7m-€645,746
Largest movements
Assets
- Financial fixed assets -€5.3m
down €5.3m (-65.6%), from €8.0m to €2.8m
- Receivables within one year +€2.7m
up €2.7m (+113.0%), from €2.4m to €5.0m
of which Other amounts receivable: +€2.5m
- Cash +€1.7m
up €1.7m (+56.0%), from €3.1m to €4.8m
mainly Investment in fixed assets (net) (+€4.2m) and Trade debts (+€3.6m)
- Tangible fixed assets +€208,122
up €208,122 (+36.7%), from €567,152 to €775,273
of which Furniture and vehicles: +€212,753
Equity and liabilities
- Current portion of long-term debt -€4.0m
no longer reported in 2025 (was €4.0m)
- Trade debts +€3.6m
up €3.6m (+52.1%), from €6.9m to €10.5m
- Profit (loss) carried forward -€326,205
down €326,205 (-6.8%), from €4.8m to €4.5m
Income statement
- Goods and materials +€2.7m
up €2.7m (+10.9%), from €25.2m to €28.0m
of which Purchases: +€2.8m
- Turnover +€2.1m
up €2.1m (+6.0%), from €35.6m to €37.7m
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.
Result 2024
€316,087
Turnover
+€2.1m
Other operating income
-€160,866
Goods and materials
-€2.7m
Services and other goods
+€10,522
Staff costs
-€342,857
Depreciation
-€270,779
Write-downs
-€135,725
Other operating charges
-€914
Other operating items
+€825,411
Financial income
-€182,168
Financial charges
+€306,822
Taxes
-€71,265
Result 2025
-€326,205
Cash bridge derived
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.
From operations
+€1.5m
Investment
+€4.2m
Financing
-€4.0m
Cash 2024
€3.1m
From operations (derived)
+€1.5m
Net result for the year
-€326,205
Depreciation
+€902,329
Stocks and contracts
-€45,462
Receivables within one year
-€2.7m
Deferred charges and accrued income
-€20,954
Trade debts
+€3.6m
Tax, wage and social debts
+€131,393
Other debts
+€500
Accrued charges and deferred income
-€36,586
Investment (derived)
+€4.2m
Investment in fixed assets (net)
+€4.2m
Financing
-€4.0m
Current portion of long-term debt
-€4.0m
Cash 2025
€4.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,699,109 | €16,053,363 | -€645,746 | -3.9% |
| Fixed assets | 21/28 | €8,857,724 | €3,778,437 | -€5.1m | -57.3% |
| Intangible fixed assets | 21 | €290,573 | €253,163 | -€37,409 | -12.9% |
| Tangible fixed assets | 22/27 | €567,152 | €775,273 | +€208,122 | +36.7% |
| Plant, machinery and equipment | 23 | €285,573 | €280,612 | -€4,962 | -1.7% |
| Furniture and vehicles | 24 | €222,374 | €435,128 | +€212,753 | +95.7% |
| Other tangible fixed assets | 26 | €59,204 | €53,175 | -€6,029 | -10.2% |
| Assets under construction and advance payments | 27 | - | €6,359 | +€6,359 | |
| Financial fixed assets | 28 | €8,000,000 | €2,750,000 | -€5.3m | -65.6% |
| Affiliated companies | 280/1 | €8,000,000 | €2,750,000 | -€5.3m | -65.6% |
| Amounts receivable | 281 | €8,000,000 | €2,750,000 | -€5.3m | -65.6% |
| Current assets | 29/58 | €7,841,385 | €12,274,926 | +€4.4m | +56.5% |
| Stocks and contracts in progress | 3 | €2,432,111 | €2,477,573 | +€45,462 | +1.9% |
| Stocks | 30/36 | €2,432,111 | €2,477,573 | +€45,462 | +1.9% |
| Raw materials and consumables | 30/31 | €344,717 | €294,363 | -€50,354 | -14.6% |
| Work in progress | 32 | €2,087,393 | €2,183,210 | +€95,816 | +4.6% |
| Amounts receivable within one year | 40/41 | €2,353,871 | €5,013,392 | +€2.7m | +113.0% |
| Trade receivables | 40 | €2,283,358 | €2,416,671 | +€133,312 | +5.8% |
| Other amounts receivable | 41 | €70,512 | €2,596,721 | +€2.5m | +3582.7% |
| Cash at bank and in hand | 54/58 | €3,051,966 | €4,759,571 | +€1.7m | +56.0% |
| Deferred charges and accrued income | 490/1 | €3,437 | €24,391 | +€20,954 | +609.6% |
| Total equity and liabilities | 10/49 | €16,699,109 | €16,053,363 | -€645,746 | -3.9% |
| Equity | 10/15 | €5,093,076 | €4,766,871 | -€326,205 | -6.4% |
| Contributions | 10/11 | €265,785 | €265,785 | = | 0.0% |
| Capital | 10 | €265,785 | €265,785 | = | 0.0% |
| Issued capital | 100 | €265,785 | €265,785 | = | 0.0% |
| Reserves | 13 | €26,579 | €26,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,579 | €26,579 | = | 0.0% |
| Legal reserve | 130 | €26,579 | €26,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,800,713 | €4,474,507 | -€326,205 | -6.8% |
| Amounts payable | 17/49 | €11,606,033 | €11,286,492 | -€319,541 | -2.8% |
| Amounts payable within one year | 42/48 | €11,569,447 | €11,286,492 | -€282,955 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,000,000 | - | -€4.0m | |
| Trade debts | 44 | €6,885,235 | €10,470,387 | +€3.6m | +52.1% |
| Suppliers | 440/4 | €6,885,235 | €10,470,387 | +€3.6m | +52.1% |
| Taxes, remuneration and social security | 45 | €684,212 | €815,605 | +€131,393 | +19.2% |
| Taxes | 450/3 | €230,573 | €282,783 | +€52,210 | +22.6% |
| Remuneration and social security | 454/9 | €453,639 | €532,822 | +€79,184 | +17.5% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Accrued charges and deferred income | 492/3 | €36,586 | - | -€36,586 | |
| Operating income | 70/76A | €36,180,233 | €38,912,716 | +€2.7m | +7.6% |
| Turnover | 70 | €35,615,971 | €37,743,409 | +€2.1m | +6.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€382,388 | €189,221 | +€571,608 | |
| Own construction capitalised | 72 | €469,729 | €676,065 | +€206,336 | +43.9% |
| Other operating income | 74 | €455,476 | €294,610 | -€160,866 | -35.3% |
| Non-recurring operating income | 76A | €21,445 | €9,412 | -€12,033 | -56.1% |
| Operating charges | 60/66A | €35,724,636 | €39,152,800 | +€3.4m | +9.6% |
| Goods for resale, raw materials and consumables | 60 | €25,234,645 | €27,982,556 | +€2.7m | +10.9% |
| Purchases | 600/8 | €25,123,744 | €27,915,819 | +€2.8m | +11.1% |
| Change in stocks: decrease (increase) | 609 | €110,901 | €66,737 | -€44,164 | -39.8% |
| Services and other goods | 61 | €6,244,796 | €6,234,274 | -€10,522 | -0.2% |
| Remuneration, social security and pensions | 62 | €3,513,695 | €3,856,552 | +€342,857 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €631,550 | €902,329 | +€270,779 | +42.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€58,704 | €77,022 | +€135,725 | |
| Other operating charges | 640/8 | €94,146 | €95,060 | +€914 | +1.0% |
| Non-recurring operating charges | 66A | €64,506 | €5,006 | -€59,500 | -92.2% |
| Operating profit (loss) | 9901 | €455,597 | -€240,084 | -€695,681 | |
| Financial income | 75/76B | €495,804 | €313,636 | -€182,168 | -36.7% |
| Recurring financial income | 75 | €495,804 | €313,636 | -€182,168 | -36.7% |
| Income from current assets | 751 | €400,000 | €231,064 | -€168,936 | -42.2% |
| Other financial income | 752/9 | €95,804 | €82,572 | -€13,232 | -13.8% |
| Financial charges | 65/66B | €604,513 | €297,691 | -€306,822 | -50.8% |
| Recurring financial charges | 65 | €604,513 | €297,691 | -€306,822 | -50.8% |
| Debt charges | 650 | €210,090 | €53,373 | -€156,717 | -74.6% |
| Other financial charges | 652/9 | €394,422 | €244,317 | -€150,105 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €346,889 | -€224,139 | -€571,027 | |
| Income taxes | 67/77 | €30,801 | €102,066 | +€71,265 | +231.4% |
| Taxes | 670/3 | €31,699 | €128,275 | +€96,576 | +304.7% |
| Tax adjustments and reversals of tax provisions | 77 | €898 | €26,209 | +€25,311 | +2818.2% |
| Profit (loss) for the period | 9904 | €316,087 | -€326,205 | -€642,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €316,087 | -€326,205 | -€642,292 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.