METOP: what changed
Two fiscal 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.
METOP
Largest movements
- Receivables within one year +€28,897
up €28,897 (+2304.9%), from €1,254 to €30,151
of which Other amounts receivable: +€15,038
- Cash -€28,783
down €28,783 (-57.5%), from €50,085 to €21,302
mainly Receivables within one year (-€28,897) and Current portion of long-term debt (-€21,953)
- Tangible fixed assets -€8,168
down €8,168 (-47.0%), from €17,361 to €9,193
of which Plant, machinery and equipment: -€10,713
- Stocks and contracts +€4,560
up €4,560 (+13.5%), from €33,686 to €38,245
- Profit (loss) carried forward +€25,772
up €25,772 (+42.1%), from -€61,192 to -€35,420
- Current portion of long-term debt -€21,953
down €21,953 (-91.1%), from €24,086 to €2,133
- Tax, wage and social debts -€5,498
down €5,498 (-26.6%), from €20,687 to €15,189
of which Taxes: -€4,321
- Debts after one year -€2,133
down €2,133 (-4.0%), from €53,431 to €51,298
- Depreciation -€15,357
down €15,357 (-53.4%), from €28,784 to €13,428
- Staff costs -€13,032
down €13,032 (-17.4%), from €75,018 to €61,987
- Write-downs -€5,547
down €5,547 (-60.2%), from €9,220 to €3,673
- Gross operating margin -€3,346
down €3,346 (-3.0%), from €113,077 to €109,731
- Financial charges +€1,654
up €1,654 (+64.5%), from €2,566 to €4,219
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.
Cash bridge derived
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 | €102,860 | €99,521 | -€3,339 | -3.2% |
| Fixed assets | 21/28 | €17,361 | €9,193 | -€8,168 | -47.0% |
| Tangible fixed assets | 22/27 | €17,361 | €9,193 | -€8,168 | -47.0% |
| Plant, machinery and equipment | 23 | €14,821 | €4,108 | -€10,713 | -72.3% |
| Furniture and vehicles | 24 | €1,051 | €5,027 | +€3,975 | +378.1% |
| Other tangible fixed assets | 26 | €1,489 | €59 | -€1,430 | -96.1% |
| Current assets | 29/58 | €85,499 | €90,328 | +€4,828 | +5.6% |
| Stocks and contracts in progress | 3 | €33,686 | €38,245 | +€4,560 | +13.5% |
| Stocks | 30/36 | €33,686 | €38,245 | +€4,560 | +13.5% |
| Amounts receivable within one year | 40/41 | €1,254 | €30,151 | +€28,897 | +2304.9% |
| Trade receivables | 40 | €1,254 | €15,113 | +€13,860 | +1105.5% |
| Other amounts receivable | 41 | - | €15,038 | +€15,038 | |
| Cash at bank and in hand | 54/58 | €50,085 | €21,302 | -€28,783 | -57.5% |
| Deferred charges and accrued income | 490/1 | €475 | €629 | +€154 | +32.4% |
| Total equity and liabilities | 10/49 | €102,860 | €99,521 | -€3,339 | -3.2% |
| Equity | 10/15 | -€41,192 | -€15,420 | +€25,772 | +62.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,192 | -€35,420 | +€25,772 | +42.1% |
| Amounts payable | 17/49 | €144,052 | €114,941 | -€29,111 | -20.2% |
| Amounts payable after more than one year | 17 | €53,431 | €51,298 | -€2,133 | -4.0% |
| Financial debts | 170/4 | €53,431 | €51,298 | -€2,133 | -4.0% |
| Amounts payable within one year | 42/48 | €90,621 | €63,643 | -€26,978 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €24,086 | €2,133 | -€21,953 | -91.1% |
| Trade debts | 44 | €43,393 | €43,643 | +€251 | +0.6% |
| Suppliers | 440/4 | €43,393 | €43,643 | +€251 | +0.6% |
| Taxes, remuneration and social security | 45 | €20,687 | €15,189 | -€5,498 | -26.6% |
| Taxes | 450/3 | €11,054 | €6,734 | -€4,321 | -39.1% |
| Remuneration and social security | 454/9 | €9,632 | €8,455 | -€1,177 | -12.2% |
| Other amounts payable | 47/48 | €2,455 | €2,677 | +€223 | +9.1% |
| Remuneration, social security and pensions | 62 | €75,018 | €61,987 | -€13,032 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,784 | €13,428 | -€15,357 | -53.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,220 | €3,673 | -€5,547 | -60.2% |
| Other operating charges | 640/8 | €1,776 | €1,930 | +€154 | +8.7% |
| Gross operating margin | 9900 | €113,077 | €109,731 | -€3,346 | -3.0% |
| Operating profit (loss) | 9901 | -€1,722 | €28,714 | +€30,436 | |
| Financial income | 75/76B | €1,450 | €1,481 | +€32 | +2.2% |
| Recurring financial income | 75 | €1,450 | €1,481 | +€32 | +2.2% |
| Financial charges | 65/66B | €2,566 | €4,219 | +€1,654 | +64.5% |
| Recurring financial charges | 65 | €2,566 | €4,219 | +€1,654 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,838 | €25,976 | +€28,814 | |
| Income taxes | 67/77 | €179 | €204 | +€25 | +14.3% |
| Profit (loss) for the period | 9904 | -€3,016 | €25,772 | +€28,788 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,016 | €25,772 | +€28,788 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.