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.
METES
Largest movements
- Cash +€72,342
up €72,342 (+37.9%), from €190,726 to €263,068
mainly Receivables within one year (+€41,142) and Depreciation (+€27,578)
- Receivables within one year -€41,142
down €41,142 (-99.7%), from €41,276 to €134
of which Trade receivables: -€41,177
- Tangible fixed assets -€27,578
down €27,578 (-28.0%), from €98,397 to €70,819
of which Land and buildings: -€23,250
- Stocks and contracts -€4,727
down €4,727 (-3.9%), from €121,250 to €116,523
- Other debts -€11,120
no longer reported in 2025 (was €11,120)
- Gross operating margin -€11,717
down €11,717 (-8.1%), from €144,343 to €132,625
- Taxes -€2,695
down €2,695 (-90.5%), from €2,977 to €282
- Staff costs +€2,169
up €2,169 (+2.5%), from €87,246 to €89,415
- Financial income -€1,823
down €1,823 (-38.3%), from €4,758 to €2,935
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
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 | €459,262 | €454,018 | -€5,244 | -1.1% |
| Fixed assets | 21/28 | €98,447 | €70,869 | -€27,578 | -28.0% |
| Tangible fixed assets | 22/27 | €98,397 | €70,819 | -€27,578 | -28.0% |
| Land and buildings | 22 | €89,063 | €65,813 | -€23,250 | -26.1% |
| Plant, machinery and equipment | 23 | €3,429 | €1,136 | -€2,294 | -66.9% |
| Furniture and vehicles | 24 | €5,905 | €3,870 | -€2,035 | -34.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €360,815 | €383,149 | +€22,334 | +6.2% |
| Stocks and contracts in progress | 3 | €121,250 | €116,523 | -€4,727 | -3.9% |
| Stocks | 30/36 | €121,250 | €116,523 | -€4,727 | -3.9% |
| Amounts receivable within one year | 40/41 | €41,276 | €134 | -€41,142 | -99.7% |
| Trade receivables | 40 | €41,243 | €66 | -€41,177 | -99.8% |
| Other amounts receivable | 41 | €33 | €68 | +€35 | +106.5% |
| Cash at bank and in hand | 54/58 | €190,726 | €263,068 | +€72,342 | +37.9% |
| Deferred charges and accrued income | 490/1 | €7,563 | €3,424 | -€4,138 | -54.7% |
| Total equity and liabilities | 10/49 | €459,262 | €454,018 | -€5,244 | -1.1% |
| Equity | 10/15 | €396,336 | €397,249 | +€913 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,837 | €302,751 | +€913 | +0.3% |
| Distributable reserves | 133 | €301,837 | €302,751 | +€913 | +0.3% |
| Profit (loss) carried forward | 14 | €75,898 | €75,898 | = | 0.0% |
| Amounts payable | 17/49 | €62,927 | €56,769 | -€6,157 | -9.8% |
| Amounts payable within one year | 42/48 | €61,106 | €54,740 | -€6,366 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €1,052 | - | -€1,052 | |
| Trade debts | 44 | €17,654 | €21,191 | +€3,537 | +20.0% |
| Suppliers | 440/4 | €17,654 | €21,191 | +€3,537 | +20.0% |
| Taxes, remuneration and social security | 45 | €31,280 | €33,550 | +€2,269 | +7.3% |
| Taxes | 450/3 | €20,373 | €18,881 | -€1,492 | -7.3% |
| Remuneration and social security | 454/9 | €10,907 | €14,668 | +€3,761 | +34.5% |
| Other amounts payable | 47/48 | €11,120 | - | -€11,120 | |
| Accrued charges and deferred income | 492/3 | €1,820 | €2,029 | +€209 | +11.5% |
| Non-recurring operating income | 76A | €801 | €414 | -€387 | -48.3% |
| Remuneration, social security and pensions | 62 | €87,246 | €89,415 | +€2,169 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,146 | €27,578 | -€568 | -2.0% |
| Other operating charges | 640/8 | €16,685 | €16,769 | +€84 | +0.5% |
| Gross operating margin | 9900 | €144,343 | €132,625 | -€11,717 | -8.1% |
| Operating profit (loss) | 9901 | €12,266 | -€1,136 | -€13,403 | |
| Financial income | 75/76B | €4,758 | €2,935 | -€1,823 | -38.3% |
| Recurring financial income | 75 | €4,758 | €2,935 | -€1,823 | -38.3% |
| Financial charges | 65/66B | €506 | €603 | +€96 | +19.0% |
| Recurring financial charges | 65 | €506 | €603 | +€96 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €16,518 | €1,196 | -€15,322 | -92.8% |
| Income taxes | 67/77 | €2,977 | €282 | -€2,695 | -90.5% |
| Profit (loss) for the period | 9904 | €13,540 | €913 | -€12,627 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,540 | €913 | -€12,627 | -93.3% |
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.