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
- Intangible fixed assets +€89,303
up €89,303 (+3,443%), from €2,594 to €91,897
- Tangible fixed assets -€61,378
down €61,378 (-65.8%), from €93,218 to €31,841
of which Assets under construction and advance payments: -€61,855
- Deferred charges and accrued income -€38,159
no longer reported in 2024 (was €38,159)
- Formation expenses +€32,373
up €32,373 (+206%), from €15,704 to €48,077
- Receivables within one year +€16,235
up €16,235 (+4.7%), from €348,132 to €364,366
of which Trade receivables: +€27,146
- Profit (loss) carried forward -€251,964
down €251,964 (-126%), from -€199,374 to -€451,338
- Tax, wage and social debts +€236,182
up €236,182 (+82.7%), from €285,757 to €521,938
of which Remuneration and social security: +€149,664
- Trade debts -€110,897
down €110,897 (-93.6%), from €118,502 to €7,606
- Accrued charges and deferred income +€79,008
up €79,008 (+12,635%), from €625 to €79,633
- Current portion of long-term debt +€47,100
up €47,100 (+232%), from €20,319 to €67,419
- Staff costs +€473,846
up €473,846 (+45.3%), from €1.0m to €1.5m
- Gross operating margin +€205,876
up €205,876 (+18.9%), from €1.1m to €1.3m
- Financial charges +€13,754
up €13,754 (+47.4%), from €29,041 to €42,795
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €613,624 | €633,172 | +€19,548 | +3.2% |
| Formation expenses | 20 | €15,704 | €48,077 | +€32,373 | +206% |
| Fixed assets | 21/28 | €97,040 | €124,965 | +€27,925 | +28.8% |
| Intangible fixed assets | 21 | €2,594 | €91,897 | +€89,303 | +3,443% |
| Tangible fixed assets | 22/27 | €93,218 | €31,841 | -€61,378 | -65.8% |
| Plant, machinery and equipment | 23 | €1,414 | €5,212 | +€3,798 | +269% |
| Furniture and vehicles | 24 | €4,950 | €1,629 | -€3,321 | -67.1% |
| Assets under construction and advance payments | 27 | €86,855 | €25,000 | -€61,855 | -71.2% |
| Financial fixed assets | 28 | €1,228 | €1,228 | = | 0.0% |
| Current assets | 29/58 | €500,880 | €460,131 | -€40,750 | -8.1% |
| Stocks and contracts in progress | 3 | €108,856 | €95,121 | -€13,735 | -12.6% |
| Stocks | 30/36 | €108,856 | €95,121 | -€13,735 | -12.6% |
| Amounts receivable within one year | 40/41 | €348,132 | €364,366 | +€16,235 | +4.7% |
| Trade receivables | 40 | €334,335 | €361,481 | +€27,146 | +8.1% |
| Other amounts receivable | 41 | €13,797 | €2,885 | -€10,911 | -79.1% |
| Cash at bank and in hand | 54/58 | €5,734 | €643 | -€5,091 | -88.8% |
| Deferred charges and accrued income | 490/1 | €38,159 | - | -€38,159 | |
| Total equity and liabilities | 10/49 | €613,624 | €633,172 | +€19,548 | +3.2% |
| Equity | 10/15 | €14,326 | -€237,638 | -€251,964 | |
| Contributions | 10/11 | €213,700 | €213,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,374 | -€451,338 | -€251,964 | -126% |
| Amounts payable | 17/49 | €599,298 | €870,811 | +€271,512 | +45.3% |
| Amounts payable after more than one year | 17 | €125,629 | €107,593 | -€18,036 | -14.4% |
| Financial debts | 170/4 | €125,629 | €107,593 | -€18,036 | -14.4% |
| Amounts payable within one year | 42/48 | €473,044 | €683,585 | +€210,540 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €20,319 | €67,419 | +€47,100 | +232% |
| Financial debts | 43 | €48,338 | €75,020 | +€26,682 | +55.2% |
| Other loans | 439 | €48,338 | €75,020 | +€26,682 | +55.2% |
| Trade debts | 44 | €118,502 | €7,606 | -€110,897 | -93.6% |
| Suppliers | 440/4 | €118,502 | €7,606 | -€110,897 | -93.6% |
| Taxes, remuneration and social security | 45 | €285,757 | €521,938 | +€236,182 | +82.7% |
| Taxes | 450/3 | €109,823 | €196,341 | +€86,518 | +78.8% |
| Remuneration and social security | 454/9 | €175,934 | €325,598 | +€149,664 | +85.1% |
| Other amounts payable | 47/48 | €129 | €11,602 | +€11,473 | +8,903% |
| Accrued charges and deferred income | 492/3 | €625 | €79,633 | +€79,008 | +12,635% |
| Remuneration, social security and pensions | 62 | €1,046,473 | €1,520,319 | +€473,846 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,554 | €19,412 | +€2,858 | +17.3% |
| Other operating charges | 640/8 | €2,723 | €4,964 | +€2,241 | +82.3% |
| Operating charges capitalised as restructuring costs | 649 | - | -€32,791 | -€32,791 | |
| Gross operating margin | 9900 | €1,090,490 | €1,296,366 | +€205,876 | +18.9% |
| Operating profit (loss) | 9901 | €24,740 | -€215,539 | -€240,279 | |
| Financial income | 75/76B | €6,066 | €7,134 | +€1,068 | +17.6% |
| Recurring financial income | 75 | €6,066 | €7,134 | +€1,068 | +17.6% |
| Financial charges | 65/66B | €29,041 | €42,795 | +€13,754 | +47.4% |
| Recurring financial charges | 65 | €29,041 | €42,795 | +€13,754 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €1,765 | -€251,200 | -€252,965 | |
| Income taxes | 67/77 | €807 | €764 | -€43 | -5.3% |
| Profit (loss) for the period | 9904 | €958 | -€251,964 | -€252,922 | |
| Profit (loss) for the period to be appropriated | 9905 | €958 | -€251,964 | -€252,922 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.