@Metis: 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.
@Metis
Largest movements
- Cash -€25,510
down €25,510 (-29.6%), from €86,039 to €60,528
mainly Contributions, distributions and other (-€100,000) and Net result for the year (-€16,920)
- Tangible fixed assets -€15,428
down €15,428 (-68.3%), from €22,578 to €7,150
of which Furniture and vehicles: -€12,167
- Deferred charges and accrued income +€4,136
up €4,136 (+409%), from €1,011 to €5,147
- Reserves -€116,920
down €116,920 (-74.6%), from €156,701 to €39,781
- Other debts +€75,737
up €75,737 (+420%), from €18,051 to €93,788
- Tax, wage and social debts +€13,912
new in 2025: €13,912
- Current portion of long-term debt -€8,990
no longer reported in 2025 (was €8,990)
- Gross operating margin +€30,190
up €30,190 (+97.1%), from -€31,095 to -€905
- Depreciation -€6,049
down €6,049 (-28.2%), from €21,477 to €15,428
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 | €204,855 | €167,365 | -€37,490 | -18.3% |
| Fixed assets | 21/28 | €22,618 | €7,190 | -€15,428 | -68.2% |
| Tangible fixed assets | 22/27 | €22,578 | €7,150 | -€15,428 | -68.3% |
| Furniture and vehicles | 24 | €13,562 | €1,395 | -€12,167 | -89.7% |
| Other tangible fixed assets | 26 | €9,016 | €5,756 | -€3,261 | -36.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €182,237 | €160,174 | -€22,062 | -12.1% |
| Amounts receivable within one year | 40/41 | €20,546 | €19,858 | -€688 | -3.3% |
| Other amounts receivable | 41 | €20,546 | €19,858 | -€688 | -3.3% |
| Current investments | 50/53 | €74,641 | €74,641 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,039 | €60,528 | -€25,510 | -29.6% |
| Deferred charges and accrued income | 490/1 | €1,011 | €5,147 | +€4,136 | +409% |
| Total equity and liabilities | 10/49 | €204,855 | €167,365 | -€37,490 | -18.3% |
| Equity | 10/15 | €175,301 | €58,381 | -€116,920 | -66.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,701 | €39,781 | -€116,920 | -74.6% |
| Distributable reserves | 133 | €156,701 | €39,781 | -€116,920 | -74.6% |
| Amounts payable | 17/49 | €29,554 | €108,984 | +€79,430 | +269% |
| Amounts payable within one year | 42/48 | €29,554 | €108,984 | +€79,430 | +269% |
| Current portion of amounts payable after more than one year | 42 | €8,990 | - | -€8,990 | |
| Trade debts | 44 | €2,512 | €1,284 | -€1,229 | -48.9% |
| Suppliers | 440/4 | €2,512 | €1,284 | -€1,229 | -48.9% |
| Taxes, remuneration and social security | 45 | - | €13,912 | +€13,912 | |
| Taxes | 450/3 | - | €13,912 | +€13,912 | |
| Other amounts payable | 47/48 | €18,051 | €93,788 | +€75,737 | +420% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,477 | €15,428 | -€6,049 | -28.2% |
| Other operating charges | 640/8 | €246 | €216 | -€30 | -12.2% |
| Gross operating margin | 9900 | -€31,095 | -€905 | +€30,190 | +97.1% |
| Operating profit (loss) | 9901 | -€52,817 | -€16,548 | +€36,269 | +68.7% |
| Financial income | 75/76B | €1 | €1 | -€0 | -37.5% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -37.5% |
| Financial charges | 65/66B | €152 | €194 | +€43 | +28.0% |
| Recurring financial charges | 65 | €152 | €194 | +€43 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€52,968 | -€16,742 | +€36,226 | +68.4% |
| Income taxes | 67/77 | €142 | €179 | +€37 | +25.9% |
| Profit (loss) for the period | 9904 | -€53,110 | -€16,920 | +€36,190 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,110 | -€16,920 | +€36,190 | +68.1% |
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 16 October 2026 via checked.be.