METIGLA: 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.
METIGLA
Largest movements
- Receivables within one year +€83,419
up €83,419 (+142.1%), from €58,694 to €142,114
of which Trade receivables: +€82,318
- Cash -€42,969
down €42,969 (-60.7%), from €70,797 to €27,828
mainly Receivables within one year (-€83,419) and Current portion of long-term debt (-€32,436)
- Tangible fixed assets -€32,422
down €32,422 (-9.1%), from €358,133 to €325,711
of which Land and buildings: -€34,323
- Stocks and contracts +€20,413
up €20,413 (+81.9%), from €24,918 to €45,332
- Trade debts +€34,845
up €34,845 (+336.3%), from €10,361 to €45,207
- Current portion of long-term debt -€32,436
no longer reported in 2025 (was €32,436)
- Accrued charges and deferred income +€20,861
new in 2025: €20,861
- Profit (loss) carried forward +€18,747
up €18,747 (+61.2%), from -€30,632 to -€11,885
- Advances received -€10,154
down €10,154 (-62.6%), from €16,221 to €6,068
- Staff costs +€45,925
up €45,925 (+28.1%), from €163,371 to €209,296
- Gross operating margin -€22,232
down €22,232 (-7.4%), from €301,518 to €279,285
- Taxes -€21,710
down €21,710 (-97.7%), from €22,217 to €507
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 | €535,138 | €566,952 | +€31,814 | +5.9% |
| Fixed assets | 21/28 | €358,133 | €325,711 | -€32,422 | -9.1% |
| Tangible fixed assets | 22/27 | €358,133 | €325,711 | -€32,422 | -9.1% |
| Land and buildings | 22 | €354,181 | €319,858 | -€34,323 | -9.7% |
| Plant, machinery and equipment | 23 | €3,291 | €2,801 | -€490 | -14.9% |
| Furniture and vehicles | 24 | €660 | €3,051 | +€2,391 | +362.0% |
| Current assets | 29/58 | €177,005 | €241,241 | +€64,236 | +36.3% |
| Stocks and contracts in progress | 3 | €24,918 | €45,332 | +€20,413 | +81.9% |
| Stocks | 30/36 | €24,918 | €45,332 | +€20,413 | +81.9% |
| Amounts receivable within one year | 40/41 | €58,694 | €142,114 | +€83,419 | +142.1% |
| Trade receivables | 40 | €55,512 | €137,830 | +€82,318 | +148.3% |
| Other amounts receivable | 41 | €3,182 | €4,284 | +€1,102 | +34.6% |
| Cash at bank and in hand | 54/58 | €70,797 | €27,828 | -€42,969 | -60.7% |
| Deferred charges and accrued income | 490/1 | €22,594 | €25,968 | +€3,373 | +14.9% |
| Total equity and liabilities | 10/49 | €535,138 | €566,952 | +€31,814 | +5.9% |
| Equity | 10/15 | €269,368 | €288,115 | +€18,747 | +7.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,632 | -€11,885 | +€18,747 | +61.2% |
| Amounts payable | 17/49 | €265,770 | €278,837 | +€13,067 | +4.9% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €125,770 | €117,976 | -€7,794 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €32,436 | - | -€32,436 | |
| Trade debts | 44 | €10,361 | €45,207 | +€34,845 | +336.3% |
| Suppliers | 440/4 | €10,361 | €45,207 | +€34,845 | +336.3% |
| Advances received on contracts in progress | 46 | €16,221 | €6,068 | -€10,154 | -62.6% |
| Taxes, remuneration and social security | 45 | €41,751 | €41,702 | -€49 | -0.1% |
| Taxes | 450/3 | €29,631 | €25,406 | -€4,225 | -14.3% |
| Remuneration and social security | 454/9 | €12,120 | €16,296 | +€4,176 | +34.5% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €20,861 | +€20,861 | |
| Non-recurring operating income | 76A | €2,817 | €1 | -€2,817 | -100.0% |
| Remuneration, social security and pensions | 62 | €163,371 | €209,296 | +€45,925 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,455 | €37,817 | -€638 | -1.7% |
| Other operating charges | 640/8 | €11,052 | €8,996 | -€2,056 | -18.6% |
| Non-recurring operating charges | 66A | €1,121 | €46 | -€1,074 | -95.9% |
| Gross operating margin | 9900 | €301,518 | €279,285 | -€22,232 | -7.4% |
| Operating profit (loss) | 9901 | €87,519 | €23,131 | -€64,389 | -73.6% |
| Financial income | 75/76B | €42 | €837 | +€795 | +1881.0% |
| Recurring financial income | 75 | €42 | €837 | +€795 | +1881.0% |
| Financial charges | 65/66B | €5,971 | €4,714 | -€1,258 | -21.1% |
| Recurring financial charges | 65 | €5,971 | €4,714 | -€1,258 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €81,590 | €19,254 | -€62,336 | -76.4% |
| Income taxes | 67/77 | €22,217 | €507 | -€21,710 | -97.7% |
| Profit (loss) for the period | 9904 | €59,373 | €18,747 | -€40,626 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,373 | €18,747 | -€40,626 | -68.4% |
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 10 October 2026 via checked.be.