METEZENE: 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.
METEZENE
Largest movements
- Stocks and contracts -€519,402
down €519,402 (-55.7%), from €932,171 to €412,769
- Cash +€98,724
up €98,724 (+96.7%), from €102,131 to €200,855
mainly Stocks and contracts (+€519,402) and Investment in fixed assets (net) (+€15,373)
- Receivables within one year +€77,865
up €77,865 (+251%), from €31,004 to €108,869
of which Trade receivables: +€78,215
- Financial fixed assets -€19,280
down €19,280 (-33.6%), from €57,440 to €38,160
- Current portion of long-term debt -€335,000
down €335,000 (-58.8%), from €570,000 to €235,000
- Profit (loss) carried forward -€14,343
down €14,343 (-3.9%), from €372,526 to €358,184
- Gross operating margin -€57,988
down €57,988 (-91.6%), from €63,323 to €5,335
- Taxes -€14,136
down €14,136 (-100%), from €14,136 to €0
- Financial charges +€676
up €676 (+11.8%), from €5,751 to €6,427
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 | €1,131,008 | €769,321 | -€361,687 | -32.0% |
| Fixed assets | 21/28 | €60,811 | €44,474 | -€16,337 | -26.9% |
| Tangible fixed assets | 22/27 | €3,371 | €6,314 | +€2,943 | +87.3% |
| Furniture and vehicles | 24 | €3,371 | €6,314 | +€2,943 | +87.3% |
| Financial fixed assets | 28 | €57,440 | €38,160 | -€19,280 | -33.6% |
| Current assets | 29/58 | €1,070,196 | €724,846 | -€345,350 | -32.3% |
| Stocks and contracts in progress | 3 | €932,171 | €412,769 | -€519,402 | -55.7% |
| Stocks | 30/36 | €932,171 | €412,769 | -€519,402 | -55.7% |
| Amounts receivable within one year | 40/41 | €31,004 | €108,869 | +€77,865 | +251% |
| Trade receivables | 40 | €0 | €78,215 | +€78,215 | |
| Other amounts receivable | 41 | €31,004 | €30,655 | -€349 | -1.1% |
| Cash at bank and in hand | 54/58 | €102,131 | €200,855 | +€98,724 | +96.7% |
| Deferred charges and accrued income | 490/1 | €4,890 | €2,354 | -€2,536 | -51.9% |
| Total equity and liabilities | 10/49 | €1,131,008 | €769,321 | -€361,687 | -32.0% |
| Equity | 10/15 | €392,931 | €378,589 | -€14,343 | -3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €372,526 | €358,184 | -€14,343 | -3.9% |
| Amounts payable | 17/49 | €738,076 | €390,732 | -€347,344 | -47.1% |
| Amounts payable after more than one year | 17 | €142,208 | €135,798 | -€6,410 | -4.5% |
| Financial debts | 170/4 | €142,208 | €135,798 | -€6,410 | -4.5% |
| Amounts payable within one year | 42/48 | €595,868 | €254,934 | -€340,934 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €570,000 | €235,000 | -€335,000 | -58.8% |
| Trade debts | 44 | €19,016 | €16,752 | -€2,264 | -11.9% |
| Suppliers | 440/4 | €19,016 | €16,752 | -€2,264 | -11.9% |
| Taxes, remuneration and social security | 45 | €1,136 | €0 | -€1,136 | -100% |
| Taxes | 450/3 | €1,136 | €0 | -€1,136 | -100% |
| Other amounts payable | 47/48 | €5,715 | €3,182 | -€2,533 | -44.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,431 | €964 | -€467 | -32.6% |
| Other operating charges | 640/8 | €1,606 | €1,524 | -€82 | -5.1% |
| Non-recurring operating charges | 66A | - | €10,763 | +€10,763 | |
| Gross operating margin | 9900 | €63,323 | €5,335 | -€57,988 | -91.6% |
| Operating profit (loss) | 9901 | €60,287 | -€7,916 | -€68,203 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,751 | €6,427 | +€676 | +11.8% |
| Recurring financial charges | 65 | €5,751 | €6,427 | +€676 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €54,536 | -€14,343 | -€68,878 | |
| Income taxes | 67/77 | €14,136 | €0 | -€14,136 | -100% |
| Profit (loss) for the period | 9904 | €40,399 | -€14,343 | -€54,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,399 | -€14,343 | -€54,742 |
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 23 October 2026 via checked.be.