METEX: 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.
METEX
Largest movements
- Cash +€41,625
up €41,625 (+59.5%), from €69,954 to €111,579
mainly Net result for the year (+€23,818) and Other debts (+€22,541)
- Tangible fixed assets -€14,595
down €14,595 (-13.2%), from €110,485 to €95,889
- Current investments -€14,242
down €14,242 (-21.0%), from €67,975 to €53,733
- Other debts +€22,541
up €22,541 (+71.0%), from €31,732 to €54,273
- Debts after one year -€11,191
down €11,191 (-18.7%), from €59,877 to €48,687
- Reserves +€5,824
up €5,824 (+4.0%), from €145,371 to €151,195
- Tax, wage and social debts -€5,392
down €5,392 (-60.9%), from €8,850 to €3,459
of which Taxes: -€5,492
- Gross operating margin +€8,684
up €8,684 (+20.9%), from €41,632 to €50,316
- Financial income +€3,090
up €3,090 (+241.2%), from €1,281 to €4,370
- Taxes +€2,945
up €2,945 (+52.2%), from €5,643 to €8,588
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 | €278,712 | €292,898 | +€14,186 | +5.1% |
| Fixed assets | 21/28 | €110,485 | €95,889 | -€14,595 | -13.2% |
| Tangible fixed assets | 22/27 | €110,485 | €95,889 | -€14,595 | -13.2% |
| Land and buildings | 22 | €79,711 | €72,932 | -€6,780 | -8.5% |
| Plant, machinery and equipment | 23 | €13,990 | €11,206 | -€2,784 | -19.9% |
| Furniture and vehicles | 24 | €16,783 | €11,752 | -€5,031 | -30.0% |
| Current assets | 29/58 | €168,228 | €197,009 | +€28,781 | +17.1% |
| Amounts receivable within one year | 40/41 | €28,952 | €30,058 | +€1,105 | +3.8% |
| Trade receivables | 40 | €27,212 | €29,774 | +€2,563 | +9.4% |
| Other amounts receivable | 41 | €1,741 | €283 | -€1,457 | -83.7% |
| Current investments | 50/53 | €67,975 | €53,733 | -€14,242 | -21.0% |
| Cash at bank and in hand | 54/58 | €69,954 | €111,579 | +€41,625 | +59.5% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,639 | +€293 | +21.7% |
| Total equity and liabilities | 10/49 | €278,712 | €292,898 | +€14,186 | +5.1% |
| Equity | 10/15 | €163,971 | €169,795 | +€5,824 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,371 | €151,195 | +€5,824 | +4.0% |
| Distributable reserves | 133 | €145,371 | €151,195 | +€5,824 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,741 | €123,103 | +€8,362 | +7.3% |
| Amounts payable after more than one year | 17 | €59,877 | €48,687 | -€11,191 | -18.7% |
| Financial debts | 170/4 | €59,877 | €48,687 | -€11,191 | -18.7% |
| Amounts payable within one year | 42/48 | €52,502 | €71,596 | +€19,094 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €10,894 | €11,191 | +€296 | +2.7% |
| Trade debts | 44 | €1,025 | €2,673 | +€1,648 | +160.8% |
| Suppliers | 440/4 | €1,025 | €2,673 | +€1,648 | +160.8% |
| Taxes, remuneration and social security | 45 | €8,850 | €3,459 | -€5,392 | -60.9% |
| Taxes | 450/3 | €6,456 | €964 | -€5,492 | -85.1% |
| Remuneration and social security | 454/9 | €2,394 | €2,495 | +€100 | +4.2% |
| Other amounts payable | 47/48 | €31,732 | €54,273 | +€22,541 | +71.0% |
| Accrued charges and deferred income | 492/3 | €2,362 | €2,821 | +€459 | +19.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,915 | €15,849 | -€66 | -0.4% |
| Other operating charges | 640/8 | €1,556 | €1,658 | +€102 | +6.6% |
| Gross operating margin | 9900 | €41,632 | €50,316 | +€8,684 | +20.9% |
| Operating profit (loss) | 9901 | €24,161 | €32,808 | +€8,648 | +35.8% |
| Financial income | 75/76B | €1,281 | €4,370 | +€3,090 | +241.2% |
| Recurring financial income | 75 | €1,281 | €4,370 | +€3,090 | +241.2% |
| Financial charges | 65/66B | €4,920 | €4,773 | -€147 | -3.0% |
| Recurring financial charges | 65 | €4,920 | €4,773 | -€147 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €20,521 | €32,406 | +€11,884 | +57.9% |
| Income taxes | 67/77 | €5,643 | €8,588 | +€2,945 | +52.2% |
| Profit (loss) for the period | 9904 | €14,878 | €23,818 | +€8,940 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,878 | €23,818 | +€8,940 | +60.1% |
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 7 October 2026 via checked.be.