MetiSelect: 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.
MetiSelect
Largest movements
- Receivables within one year +€263,711
up €263,711 (+17.5%), from €1.5m to €1.8m
of which Trade receivables: +€206,549
- Cash -€201,391
down €201,391 (-38.7%), from €519,899 to €318,509
mainly Contributions, distributions and other (-€685,000) and Receivables within one year (-€263,711)
- Tangible fixed assets -€174,974
down €174,974 (-32.7%), from €535,817 to €360,844
of which Leasing and similar rights: -€135,982
- Short-term financial debts -€150,000
down €150,000 (-100%), from €150,000 to €0
- Debts after one year -€138,071
down €138,071 (-49.9%), from €276,957 to €138,885
- Current portion of long-term debt +€102,719
up €102,719 (+32.4%), from €317,128 to €419,847
- Trade debts +€96,456
up €96,456 (+86.9%), from €111,052 to €207,508
- Tax, wage and social debts -€85,979
down €85,979 (-13.4%), from €640,269 to €554,290
of which Remuneration and social security: -€58,418
- Gross operating margin -€235,110
down €235,110 (-5.3%), from €4.5m to €4.2m
- Taxes -€194,787
down €194,787 (-72.9%), from €267,172 to €72,386
- Staff costs -€192,689
down €192,689 (-5.6%), from €3.5m to €3.3m
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 | €3,591,908 | €3,476,248 | -€115,660 | -3.2% |
| Fixed assets | 21/28 | €535,817 | €360,844 | -€174,974 | -32.7% |
| Tangible fixed assets | 22/27 | €535,817 | €360,844 | -€174,974 | -32.7% |
| Plant, machinery and equipment | 23 | - | €2,111 | +€2,111 | |
| Furniture and vehicles | 24 | €25,855 | €6,299 | -€19,556 | -75.6% |
| Leasing and similar rights | 25 | €393,744 | €257,763 | -€135,982 | -34.5% |
| Other tangible fixed assets | 26 | €116,218 | €94,671 | -€21,547 | -18.5% |
| Current assets | 29/58 | €3,056,091 | €3,115,404 | +€59,313 | +1.9% |
| Amounts receivable after more than one year | 29 | €930,000 | €930,000 | = | 0.0% |
| Other amounts receivable | 291 | €930,000 | €930,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,506,597 | €1,770,308 | +€263,711 | +17.5% |
| Trade receivables | 40 | €952,650 | €1,159,199 | +€206,549 | +21.7% |
| Other amounts receivable | 41 | €553,948 | €611,110 | +€57,162 | +10.3% |
| Current investments | 50/53 | €5,964 | €18,839 | +€12,875 | +216% |
| Cash at bank and in hand | 54/58 | €519,899 | €318,509 | -€201,391 | -38.7% |
| Deferred charges and accrued income | 490/1 | €93,630 | €77,748 | -€15,882 | -17.0% |
| Total equity and liabilities | 10/49 | €3,591,908 | €3,476,248 | -€115,660 | -3.2% |
| Equity | 10/15 | €1,469,496 | €1,470,717 | +€1,220 | +0.1% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,399,496 | €1,400,717 | +€1,220 | +0.1% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €1,392,496 | €1,393,717 | +€1,220 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,122,411 | €2,005,531 | -€116,881 | -5.5% |
| Amounts payable after more than one year | 17 | €276,957 | €138,885 | -€138,071 | -49.9% |
| Financial debts | 170/4 | €276,957 | €138,885 | -€138,071 | -49.9% |
| Amounts payable within one year | 42/48 | €1,843,449 | €1,866,645 | +€23,196 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €317,128 | €419,847 | +€102,719 | +32.4% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100% |
| Trade debts | 44 | €111,052 | €207,508 | +€96,456 | +86.9% |
| Suppliers | 440/4 | €111,052 | €207,508 | +€96,456 | +86.9% |
| Taxes, remuneration and social security | 45 | €640,269 | €554,290 | -€85,979 | -13.4% |
| Taxes | 450/3 | €241,872 | €214,310 | -€27,561 | -11.4% |
| Remuneration and social security | 454/9 | €398,398 | €339,980 | -€58,418 | -14.7% |
| Other amounts payable | 47/48 | €625,000 | €685,000 | +€60,000 | +9.6% |
| Accrued charges and deferred income | 492/3 | €2,006 | €0 | -€2,006 | -100% |
| Remuneration, social security and pensions | 62 | €3,467,419 | €3,274,731 | -€192,689 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,881 | €172,666 | -€23,216 | -11.9% |
| Other operating charges | 640/8 | €42,357 | €21,328 | -€21,029 | -49.6% |
| Gross operating margin | 9900 | €4,469,839 | €4,234,729 | -€235,110 | -5.3% |
| Operating profit (loss) | 9901 | €764,182 | €766,005 | +€1,823 | +0.2% |
| Financial income | 75/76B | €56,929 | €46,980 | -€9,949 | -17.5% |
| Recurring financial income | 75 | €56,929 | €46,980 | -€9,949 | -17.5% |
| Financial charges | 65/66B | €50,559 | €54,379 | +€3,820 | +7.6% |
| Recurring financial charges | 65 | €50,559 | €54,379 | +€3,820 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | €770,552 | €758,606 | -€11,946 | -1.6% |
| Income taxes | 67/77 | €267,172 | €72,386 | -€194,787 | -72.9% |
| Profit (loss) for the period | 9904 | €503,380 | €686,220 | +€182,841 | +36.3% |
| Transfer from tax-exempt reserves | 789 | €336,800 | €0 | -€336,800 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €840,180 | €686,220 | -€153,959 | -18.3% |
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 27 October 2026 via checked.be.