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
- Current investments +€56,296
up €56,296 (+418%), from €13,461 to €69,757
- Receivables within one year -€23,506
down €23,506 (-51.1%), from €45,986 to €22,480
of which Trade receivables: -€19,979
- Cash -€17,784
down €17,784 (-26.6%), from €66,821 to €49,037
mainly Current investments (-€56,296) and Contributions, distributions and other (-€16,737)
- Reserves +€21,818
up €21,818 (+11.8%), from €185,594 to €207,411
of which Distributable reserves: +€23,737
- Debts after one year -€16,583
down €16,583 (-8.7%), from €191,116 to €174,532
- Gross operating margin +€23,518
up €23,518 (+46.7%), from €50,390 to €73,909
- Taxes +€5,718
up €5,718 (+49.8%), from €11,473 to €17,191
- Provisions +€3,250
no longer reported in 2025 (was -€3,250)
- Other operating charges -€2,281
down €2,281 (-41.4%), from €5,515 to €3,234
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 | €487,020 | €502,071 | +€15,051 | +3.1% |
| Fixed assets | 21/28 | €342,667 | €344,328 | +€1,661 | +0.5% |
| Tangible fixed assets | 22/27 | €342,667 | €344,328 | +€1,661 | +0.5% |
| Land and buildings | 22 | €330,292 | €321,342 | -€8,950 | -2.7% |
| Plant, machinery and equipment | 23 | €9,100 | €8,904 | -€197 | -2.2% |
| Furniture and vehicles | 24 | €3,275 | €14,083 | +€10,808 | +330% |
| Current assets | 29/58 | €144,353 | €157,742 | +€13,389 | +9.3% |
| Amounts receivable within one year | 40/41 | €45,986 | €22,480 | -€23,506 | -51.1% |
| Trade receivables | 40 | €42,459 | €22,480 | -€19,979 | -47.1% |
| Other amounts receivable | 41 | €3,527 | - | -€3,527 | |
| Current investments | 50/53 | €13,461 | €69,757 | +€56,296 | +418% |
| Cash at bank and in hand | 54/58 | €66,821 | €49,037 | -€17,784 | -26.6% |
| Deferred charges and accrued income | 490/1 | €18,086 | €16,469 | -€1,617 | -8.9% |
| Total equity and liabilities | 10/49 | €487,020 | €502,071 | +€15,051 | +3.1% |
| Equity | 10/15 | €186,094 | €207,911 | +€21,818 | +11.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €185,594 | €207,411 | +€21,818 | +11.8% |
| Tax-exempt reserves | 132 | €70,840 | €68,920 | -€1,920 | -2.7% |
| Distributable reserves | 133 | €114,754 | €138,491 | +€23,737 | +20.7% |
| Provisions and deferred taxes | 16 | €23,613 | €22,973 | -€640 | -2.7% |
| Deferred taxes | 168 | €23,613 | €22,973 | -€640 | -2.7% |
| Amounts payable | 17/49 | €277,313 | €271,186 | -€6,127 | -2.2% |
| Amounts payable after more than one year | 17 | €191,116 | €174,532 | -€16,583 | -8.7% |
| Financial debts | 170/4 | €191,116 | €174,532 | -€16,583 | -8.7% |
| Amounts payable within one year | 42/48 | €84,398 | €96,654 | +€12,256 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €16,405 | €16,583 | +€178 | +1.1% |
| Trade debts | 44 | €6,496 | €10,013 | +€3,517 | +54.1% |
| Suppliers | 440/4 | €6,496 | €10,013 | +€3,517 | +54.1% |
| Taxes, remuneration and social security | 45 | €5,809 | €10,718 | +€4,909 | +84.5% |
| Taxes | 450/3 | €5,809 | €10,718 | +€4,909 | +84.5% |
| Other amounts payable | 47/48 | €55,687 | €59,339 | +€3,652 | +6.6% |
| Accrued charges and deferred income | 492/3 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,975 | €13,385 | +€410 | +3.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€3,250 | - | +€3,250 | |
| Other operating charges | 640/8 | €5,515 | €3,234 | -€2,281 | -41.4% |
| Gross operating margin | 9900 | €50,390 | €73,909 | +€23,518 | +46.7% |
| Operating profit (loss) | 9901 | €35,151 | €57,290 | +€22,139 | +63.0% |
| Financial income | 75/76B | €308 | €422 | +€115 | +37.3% |
| Recurring financial income | 75 | €308 | €422 | +€115 | +37.3% |
| Financial charges | 65/66B | €2,959 | €2,607 | -€352 | -11.9% |
| Recurring financial charges | 65 | €2,959 | €2,607 | -€352 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €32,499 | €55,106 | +€22,606 | +69.6% |
| Transfer from deferred taxes | 780 | €640 | €640 | +€0 | 0.0% |
| Income taxes | 67/77 | €11,473 | €17,191 | +€5,718 | +49.8% |
| Profit (loss) for the period | 9904 | €21,666 | €38,555 | +€16,889 | +77.9% |
| Transfer from tax-exempt reserves | 789 | €1,920 | €1,920 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,586 | €40,474 | +€16,889 | +71.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.