Métier VdR: 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.
Métier VdR
Largest movements
- Current investments -€195,282
down €195,282 (-54.0%), from €361,881 to €166,599
- Tangible fixed assets -€65,197
down €65,197 (-14.1%), from €463,593 to €398,396
- Intangible fixed assets -€53,978
down €53,978 (-81.5%), from €66,219 to €12,241
- Stocks and contracts +€17,302
up €17,302 (+11.1%), from €155,623 to €172,924
- Receivables within one year +€13,055
up €13,055 (+186%), from €7,029 to €20,083
of which Trade receivables: +€13,552
- Other debts -€311,261
down €311,261 (-62.2%), from €500,567 to €189,306
- Debts after one year -€38,194
down €38,194 (-10.7%), from €358,404 to €320,209
- Accrued charges and deferred income +€30,767
up €30,767 (+754%), from €4,080 to €34,847
- Trade debts +€27,478
up €27,478 (+59.3%), from €46,327 to €73,805
- Gross operating margin +€81,128
up €81,128 (+34.7%), from €233,489 to €314,617
- Financial charges +€24,635
up €24,635 (+423%), from €5,829 to €30,464
- Taxes +€17,945
up €17,945 (+71.7%), from €25,044 to €42,989
- Write-downs +€10,765
new in 2025: €10,765
- Staff costs -€5,651
down €5,651 (-32.4%), from €17,419 to €11,768
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 | €1,144,558 | €868,215 | -€276,342 | -24.1% |
| Fixed assets | 21/28 | €529,844 | €410,670 | -€119,175 | -22.5% |
| Intangible fixed assets | 21 | €66,219 | €12,241 | -€53,978 | -81.5% |
| Tangible fixed assets | 22/27 | €463,593 | €398,396 | -€65,197 | -14.1% |
| Land and buildings | 22 | €280,064 | €254,597 | -€25,467 | -9.1% |
| Plant, machinery and equipment | 23 | €18,278 | €7,494 | -€10,783 | -59.0% |
| Furniture and vehicles | 24 | €29,250 | €25,836 | -€3,414 | -11.7% |
| Other tangible fixed assets | 26 | €136,002 | €110,469 | -€25,533 | -18.8% |
| Financial fixed assets | 28 | €33 | €33 | = | 0.0% |
| Current assets | 29/58 | €614,713 | €457,546 | -€157,168 | -25.6% |
| Stocks and contracts in progress | 3 | €155,623 | €172,924 | +€17,302 | +11.1% |
| Stocks | 30/36 | €155,623 | €172,924 | +€17,302 | +11.1% |
| Amounts receivable within one year | 40/41 | €7,029 | €20,083 | +€13,055 | +186% |
| Trade receivables | 40 | €125 | €13,676 | +€13,552 | +10,881% |
| Other amounts receivable | 41 | €6,904 | €6,407 | -€497 | -7.2% |
| Current investments | 50/53 | €361,881 | €166,599 | -€195,282 | -54.0% |
| Cash at bank and in hand | 54/58 | €83,103 | €95,071 | +€11,968 | +14.4% |
| Deferred charges and accrued income | 490/1 | €7,078 | €2,868 | -€4,209 | -59.5% |
| Total equity and liabilities | 10/49 | €1,144,558 | €868,215 | -€276,342 | -24.1% |
| Equity | 10/15 | €190,587 | €194,191 | +€3,604 | +1.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €185,587 | €189,191 | +€3,604 | +1.9% |
| Distributable reserves | 133 | €185,587 | €189,191 | +€3,604 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €953,971 | €674,024 | -€279,947 | -29.3% |
| Amounts payable after more than one year | 17 | €358,404 | €320,209 | -€38,194 | -10.7% |
| Financial debts | 170/4 | €358,404 | €320,209 | -€38,194 | -10.7% |
| Amounts payable within one year | 42/48 | €591,487 | €318,968 | -€272,519 | -46.1% |
| Current portion of amounts payable after more than one year | 42 | €37,762 | €38,194 | +€432 | +1.1% |
| Trade debts | 44 | €46,327 | €73,805 | +€27,478 | +59.3% |
| Suppliers | 440/4 | €46,327 | €73,805 | +€27,478 | +59.3% |
| Taxes, remuneration and social security | 45 | €6,831 | €17,663 | +€10,832 | +159% |
| Taxes | 450/3 | €6,810 | €17,663 | +€10,852 | +159% |
| Remuneration and social security | 454/9 | €20 | €0 | -€20 | -100% |
| Other amounts payable | 47/48 | €500,567 | €189,306 | -€311,261 | -62.2% |
| Accrued charges and deferred income | 492/3 | €4,080 | €34,847 | +€30,767 | +754% |
| Remuneration, social security and pensions | 62 | €17,419 | €11,768 | -€5,651 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,193 | €134,025 | -€2,168 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,765 | +€10,765 | |
| Other operating charges | 640/8 | €3,342 | €5,207 | +€1,865 | +55.8% |
| Gross operating margin | 9900 | €233,489 | €314,617 | +€81,128 | +34.7% |
| Operating profit (loss) | 9901 | €76,535 | €152,852 | +€76,317 | +99.7% |
| Financial income | 75/76B | €12,506 | €14,059 | +€1,553 | +12.4% |
| Recurring financial income | 75 | €12,506 | €14,059 | +€1,553 | +12.4% |
| Financial charges | 65/66B | €5,829 | €30,464 | +€24,635 | +423% |
| Recurring financial charges | 65 | €5,829 | €30,464 | +€24,635 | +423% |
| Profit (loss) for the period before taxes | 9903 | €83,212 | €136,447 | +€53,235 | +64.0% |
| Income taxes | 67/77 | €25,044 | €42,989 | +€17,945 | +71.7% |
| Profit (loss) for the period | 9904 | €58,168 | €93,458 | +€35,290 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,168 | €93,458 | +€35,290 | +60.7% |
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 20 October 2026 via checked.be.