METISCO: 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.
What changed
METISCO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €35.6m-€32.7m
Equity
€60.7m
2024 · €57.8m+€2.8m
Cash
€9.5m
2024 · €684,950+€8.9m
Balance sheet total
€65.4m
2024 · €58.5m+€6.9m
Largest movements
Assets
- Current investments -€11.8m
down €11.8m (-34.4%), from €34.4m to €22.6m
- Cash +€8.9m
up €8.9m (+1,292%), from €684,950 to €9.5m
mainly Current investments (+€11.8m) and Other debts (+€3.1m)
- Financial fixed assets +€6.2m
up €6.2m (+31.3%), from €19.8m to €26.0m
of which Other financial fixed assets: +€6.2m
- Tangible fixed assets +€3.5m
up €3.5m (+191%), from €1.8m to €5.3m
of which Land and buildings: +€3.5m
Equity and liabilities
- Other debts +€3.1m
up €3.1m (+635%), from €491,895 to €3.6m
- Profit (loss) carried forward +€1.8m
up €1.8m (+3.8%), from €48.1m to €50.0m
- Reserves +€1,000,000
up €1,000,000 (+17.6%), from €5.7m to €6.7m
of which Tax-exempt reserves: +€852,650
- Trade debts +€922,209
up €922,209 (+1,153%), from €79,957 to €1.0m
Income statement
- Financial income -€32.6m
down €32.6m (-93.3%), from €35.0m to €2.3m
- Turnover +€522,650
up €522,650 (+25.6%), from €2.0m to €2.6m
- Financial charges +€404,074
up €404,074 (+197%), from €205,483 to €609,557
- Taxes +€157,305
up €157,305 (+56.4%), from €278,921 to €436,226
of which Taxes: +€156,736
- Depreciation +€123,906
up €123,906 (+89.4%), from €138,633 to €262,539
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.
Result 2024
€35.6m
Turnover
+€522,650
Other operating income
-€1,411
Services and other goods
-€18,354
Staff costs
+€74,182
Depreciation
-€123,906
Other operating charges
+€8,478
Other operating items
-€2,113
Financial income
-€32.6m
Financial charges
-€404,074
Taxes
-€157,305
Result 2025
€2.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€7.0m
Investment
+€1.9m
Financing
€0
Cash 2024
€684,950
From operations (derived)
+€7.0m
Net result for the year
+€2.8m
Depreciation
+€262,539
Receivables within one year
-€179,658
Smaller working-capital items
+€9,232
Trade debts
+€922,209
Other debts
+€3.1m
Investment (derived)
+€1.9m
Investment in fixed assets (net)
-€10.0m
Current investments
+€11.8m
Cash 2025
€9.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,474,106 | €65,355,072 | +€6.9m | +11.8% |
| Fixed assets | 21/28 | €21,669,264 | €31,375,093 | +€9.7m | +44.8% |
| Tangible fixed assets | 22/27 | €1,838,918 | €5,347,172 | +€3.5m | +191% |
| Land and buildings | 22 | €1,729,889 | €5,267,285 | +€3.5m | +204% |
| Furniture and vehicles | 24 | €109,029 | €79,887 | -€29,142 | -26.7% |
| Financial fixed assets | 28 | €19,830,346 | €26,027,922 | +€6.2m | +31.3% |
| Affiliated companies | 280/1 | €17,599,023 | €17,619,023 | +€20,000 | +0.1% |
| Participating interests | 280 | €17,599,023 | €17,619,023 | +€20,000 | +0.1% |
| Companies linked by participating interests | 282/3 | €73 | €73 | = | 0.0% |
| Participating interests | 282 | €73 | €73 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,231,250 | €8,408,826 | +€6.2m | +277% |
| Shares | 284 | €2,231,250 | €8,408,826 | +€6.2m | +277% |
| Current assets | 29/58 | €36,804,842 | €33,979,979 | -€2.8m | -7.7% |
| Amounts receivable after more than one year | 29 | €400,000 | €400,000 | = | 0.0% |
| Other amounts receivable | 291 | €400,000 | €400,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,263,987 | €1,443,644 | +€179,658 | +14.2% |
| Trade receivables | 40 | €103,000 | €599,242 | +€496,242 | +482% |
| Other amounts receivable | 41 | €1,160,987 | €844,402 | -€316,584 | -27.3% |
| Current investments | 50/53 | €34,423,560 | €22,587,734 | -€11.8m | -34.4% |
| Other investments | 51/53 | €34,423,560 | €22,587,734 | -€11.8m | -34.4% |
| Cash at bank and in hand | 54/58 | €684,950 | €9,537,030 | +€8.9m | +1,292% |
| Deferred charges and accrued income | 490/1 | €32,346 | €11,571 | -€20,775 | -64.2% |
| Total equity and liabilities | 10/49 | €58,474,106 | €65,355,072 | +€6.9m | +11.8% |
| Equity | 10/15 | €57,808,221 | €60,657,143 | +€2.8m | +4.9% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €5,697,634 | €6,697,634 | +€1,000,000 | +17.6% |
| Tax-exempt reserves | 132 | €1,000,000 | €1,852,650 | +€852,650 | +85.3% |
| Distributable reserves | 133 | €4,697,634 | €4,844,984 | +€147,350 | +3.1% |
| Profit (loss) carried forward | 14 | €48,110,587 | €49,959,509 | +€1.8m | +3.8% |
| Amounts payable | 17/49 | €665,885 | €4,697,929 | +€4.0m | +606% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €665,885 | €4,697,762 | +€4.0m | +605% |
| Trade debts | 44 | €79,957 | €1,002,166 | +€922,209 | +1,153% |
| Suppliers | 440/4 | €79,957 | €1,002,166 | +€922,209 | +1,153% |
| Taxes, remuneration and social security | 45 | €94,033 | €82,322 | -€11,711 | -12.5% |
| Taxes | 450/3 | €20,221 | €15,225 | -€4,997 | -24.7% |
| Remuneration and social security | 454/9 | €73,812 | €67,098 | -€6,714 | -9.1% |
| Other amounts payable | 47/48 | €491,895 | €3,613,273 | +€3.1m | +635% |
| Accrued charges and deferred income | 492/3 | - | €167 | +€167 | |
| Operating income | 70/76A | €2,044,407 | €2,563,533 | +€519,127 | +25.4% |
| Turnover | 70 | €2,040,750 | €2,563,400 | +€522,650 | +25.6% |
| Other operating income | 74 | €1,544 | €133 | -€1,411 | -91.4% |
| Non-recurring operating income | 76A | €2,113 | €0 | -€2,113 | -100% |
| Operating charges | 60/66A | €954,203 | €1,013,802 | +€59,599 | +6.2% |
| Services and other goods | 61 | €227,161 | €245,515 | +€18,354 | +8.1% |
| Remuneration, social security and pensions | 62 | €517,548 | €443,366 | -€74,182 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,633 | €262,539 | +€123,906 | +89.4% |
| Other operating charges | 640/8 | €70,861 | €62,382 | -€8,478 | -12.0% |
| Operating profit (loss) | 9901 | €1,090,203 | €1,549,731 | +€459,528 | +42.2% |
| Financial income | 75/76B | €34,987,958 | €2,344,974 | -€32.6m | -93.3% |
| Recurring financial income | 75 | €34,987,958 | €2,344,974 | -€32.6m | -93.3% |
| Income from financial fixed assets | 750 | €34,775,585 | €428,495 | -€34.3m | -98.8% |
| Income from current assets | 751 | €183,030 | €1,738,440 | +€1.6m | +850% |
| Other financial income | 752/9 | €29,342 | €178,038 | +€148,696 | +507% |
| Financial charges | 65/66B | €205,483 | €609,557 | +€404,074 | +197% |
| Recurring financial charges | 65 | €205,483 | €609,557 | +€404,074 | +197% |
| Debt charges | 650 | €137,013 | €98,167 | -€38,847 | -28.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €47,475 | €343,214 | +€295,738 | +623% |
| Other financial charges | 652/9 | €20,994 | €168,177 | +€147,183 | +701% |
| Profit (loss) for the period before taxes | 9903 | €35,872,679 | €3,285,148 | -€32.6m | -90.8% |
| Income taxes | 67/77 | €278,921 | €436,226 | +€157,305 | +56.4% |
| Taxes | 670/3 | €279,490 | €436,226 | +€156,736 | +56.1% |
| Tax adjustments and reversals of tax provisions | 77 | €569 | €0 | -€569 | -100% |
| Profit (loss) for the period | 9904 | €35,593,757 | €2,848,922 | -€32.7m | -92.0% |
| Transfer from tax-exempt reserves | 789 | €0 | €147,350 | +€147,350 | |
| Transfer to tax-exempt reserves | 689 | €1,000,000 | €1,000,000 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,593,757 | €1,996,272 | -€32.6m | -94.2% |
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 17 October 2026 via checked.be.