Metis Shipping: 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 Shipping
Largest movements
- Tangible fixed assets +€5.2m
up €5.2m (+1,303,274%), from €397 to €5.2m
- Cash +€1.2m
up €1.2m (+122,013%), from €978 to €1.2m
mainly Debts after one year (+€4.1m) and Other debts (+€1.1m)
- Debts after one year +€4.1m
new in 2025: €4.1m
- Other debts +€1.1m
new in 2025: €1.1m
- Contributions +€981,400
up €981,400 (+5,276%), from €18,600 to €1.0m
- Current portion of long-term debt +€260,688
new in 2025: €260,688
- Profit (loss) carried forward -€106,106
down €106,106 (-416%), from -€25,501 to -€131,607
- Depreciation +€322,556
up €322,556 (+324,732%), from €99 to €322,655
- Gross operating margin +€288,222
up €288,222 (+14,722%), from €1,958 to €290,180
- Financial charges +€74,355
up €74,355 (+297,421%), from €25 to €74,380
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 | €22,879 | €6,376,084 | +€6.4m | +27,768% |
| Fixed assets | 21/28 | €397 | €5,178,828 | +€5.2m | +1,303,274% |
| Tangible fixed assets | 22/27 | €397 | €5,178,828 | +€5.2m | +1,303,274% |
| Furniture and vehicles | 24 | €397 | €5,178,828 | +€5.2m | +1,303,274% |
| Current assets | 29/58 | €22,482 | €1,197,256 | +€1.2m | +5,225% |
| Amounts receivable within one year | 40/41 | €20,634 | €3,438 | -€17,196 | -83.3% |
| Trade receivables | 40 | €2,541 | €1,416 | -€1,125 | -44.3% |
| Other amounts receivable | 41 | €18,093 | €2,022 | -€16,071 | -88.8% |
| Cash at bank and in hand | 54/58 | €978 | €1,193,818 | +€1.2m | +122,013% |
| Deferred charges and accrued income | 490/1 | €870 | - | -€870 | |
| Total equity and liabilities | 10/49 | €22,879 | €6,376,084 | +€6.4m | +27,768% |
| Equity | 10/15 | €21,748 | €896,978 | +€875,230 | +4,024% |
| Contributions | 10/11 | €18,600 | €1,000,000 | +€981,400 | +5,276% |
| Reserves | 13 | €28,649 | €28,585 | -€64 | -0.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €64 | - | -€64 | |
| Distributable reserves | 133 | €26,725 | €28,585 | +€1,860 | +7.0% |
| Profit (loss) carried forward | 14 | -€25,501 | -€131,607 | -€106,106 | -416% |
| Amounts payable | 17/49 | €1,131 | €5,479,106 | +€5.5m | +484,361% |
| Amounts payable after more than one year | 17 | - | €4,082,551 | +€4.1m | |
| Financial debts | 170/4 | - | €4,082,551 | +€4.1m | |
| Amounts payable within one year | 42/48 | €1,131 | €1,361,760 | +€1.4m | +120,306% |
| Current portion of amounts payable after more than one year | 42 | - | €260,688 | +€260,688 | |
| Trade debts | 44 | €649 | €4,763 | +€4,115 | +634% |
| Suppliers | 440/4 | €649 | €4,763 | +€4,115 | +634% |
| Taxes, remuneration and social security | 45 | €482 | - | -€482 | |
| Taxes | 450/3 | €482 | - | -€482 | |
| Other amounts payable | 47/48 | - | €1,096,309 | +€1.1m | |
| Accrued charges and deferred income | 492/3 | - | €34,795 | +€34,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99 | €322,655 | +€322,556 | +324,732% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €1,958 | €290,180 | +€288,222 | +14,722% |
| Operating profit (loss) | 9901 | €1,289 | -€33,061 | -€34,350 | |
| Financial income | 75/76B | €870 | €1,335 | +€465 | +53.4% |
| Recurring financial income | 75 | €870 | €1,335 | +€465 | +53.4% |
| Financial charges | 65/66B | €25 | €74,380 | +€74,355 | +297,421% |
| Recurring financial charges | 65 | €25 | €74,380 | +€74,355 | +297,421% |
| Profit (loss) for the period before taxes | 9903 | €2,134 | -€106,106 | -€108,240 | |
| Profit (loss) for the period | 9904 | €2,134 | -€106,106 | -€108,240 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,134 | -€106,106 | -€108,240 |
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 23 October 2026 via checked.be.