METHEORE: 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.
METHEORE
Largest movements
- Cash -€73,993
down €73,993 (-84.7%), from €87,328 to €13,335
mainly Net result for the year (-€51,724) and Receivables within one year (-€31,720)
- Receivables within one year +€31,720
up €31,720 (+61.5%), from €51,553 to €83,272
of which Trade receivables: +€50,910
- Tangible fixed assets -€3,653
no longer reported in 2025 (was €3,653)
of which Plant, machinery and equipment: -€3,513
- Profit (loss) carried forward -€51,724
down €51,724 (-113.3%), from -€45,669 to -€97,393
- Trade debts +€5,481
up €5,481 (+8.8%), from €62,259 to €67,740
- Other debts +€2,058
up €2,058 (+126.3%), from €1,630 to €3,688
- Gross operating margin -€56,469
down €56,469, from €48,852 to -€7,617
- Depreciation -€3,900
down €3,900 (-51.6%), from €7,552 to €3,653
- Staff costs -€1,913
down €1,913 (-12.6%), from €15,156 to €13,244
- Financial charges -€999
down €999 (-40.7%), from €2,453 to €1,453
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 | €186,921 | €140,996 | -€45,926 | -24.6% |
| Fixed assets | 21/28 | €3,653 | - | -€3,653 | |
| Tangible fixed assets | 22/27 | €3,653 | - | -€3,653 | |
| Plant, machinery and equipment | 23 | €3,513 | - | -€3,513 | |
| Furniture and vehicles | 24 | €140 | - | -€140 | |
| Current assets | 29/58 | €183,269 | €140,996 | -€42,273 | -23.1% |
| Stocks and contracts in progress | 3 | €37,690 | €37,690 | = | 0.0% |
| Stocks | 30/36 | €37,690 | €37,690 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,553 | €83,272 | +€31,720 | +61.5% |
| Trade receivables | 40 | €21,489 | €72,399 | +€50,910 | +236.9% |
| Other amounts receivable | 41 | €30,064 | €10,873 | -€19,191 | -63.8% |
| Cash at bank and in hand | 54/58 | €87,328 | €13,335 | -€73,993 | -84.7% |
| Deferred charges and accrued income | 490/1 | €6,698 | €6,698 | = | 0.0% |
| Total equity and liabilities | 10/49 | €186,921 | €140,996 | -€45,926 | -24.6% |
| Equity | 10/15 | €120,716 | €68,992 | -€51,724 | -42.8% |
| Contributions | 10/11 | €165,596 | €165,596 | = | 0.0% |
| Reserves | 13 | €789 | €789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €789 | €789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €789 | €789 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,669 | -€97,393 | -€51,724 | -113.3% |
| Amounts payable | 17/49 | €66,205 | €72,004 | +€5,799 | +8.8% |
| Amounts payable within one year | 42/48 | €65,905 | €72,004 | +€6,099 | +9.3% |
| Financial debts | 43 | €529 | €529 | = | 0.0% |
| Credit institutions | 430/8 | €529 | €529 | = | 0.0% |
| Trade debts | 44 | €62,259 | €67,740 | +€5,481 | +8.8% |
| Suppliers | 440/4 | €62,259 | €67,740 | +€5,481 | +8.8% |
| Taxes, remuneration and social security | 45 | €1,488 | €47 | -€1,441 | -96.8% |
| Taxes | 450/3 | €47 | €47 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,441 | - | -€1,441 | |
| Other amounts payable | 47/48 | €1,630 | €3,688 | +€2,058 | +126.3% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Remuneration, social security and pensions | 62 | €15,156 | €13,244 | -€1,913 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,552 | €3,653 | -€3,900 | -51.6% |
| Other operating charges | 640/8 | €1,722 | €1,521 | -€201 | -11.7% |
| Non-recurring operating charges | 66A | €63,582 | €24,052 | -€39,530 | -62.2% |
| Gross operating margin | 9900 | €48,852 | -€7,617 | -€56,469 | |
| Operating profit (loss) | 9901 | -€39,160 | -€50,086 | -€10,925 | -27.9% |
| Financial charges | 65/66B | €2,453 | €1,453 | -€999 | -40.7% |
| Recurring financial charges | 65 | €2,453 | €1,453 | -€999 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,613 | -€51,539 | -€9,926 | -23.9% |
| Income taxes | 67/77 | - | €185 | +€185 | |
| Profit (loss) for the period | 9904 | -€41,613 | -€51,724 | -€10,111 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,613 | -€51,724 | -€10,111 | -24.3% |
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 12 October 2026 via checked.be.