Metop Engineering: 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 Engineering
Largest movements
- Intangible fixed assets +€234,812
up €234,812 (+157.1%), from €149,419 to €384,231
- Cash +€79,133
up €79,133 (+95.4%), from €82,938 to €162,071
mainly Debts after one year (+€297,603) and Trade debts (+€133,699)
- Receivables within one year -€36,894
down €36,894 (-36.2%), from €101,883 to €64,989
of which Other amounts receivable: -€43,850
- Debts after one year +€297,603
up €297,603 (+627.9%), from €47,397 to €345,000
- Profit (loss) carried forward -€157,674
down €157,674, from €4,857 to -€152,817
- Trade debts +€133,699
up €133,699 (+508.0%), from €26,319 to €160,019
- Gross operating margin -€120,829
down €120,829, from €26,691 to -€94,139
- Depreciation +€33,396
up €33,396 (+170.0%), from €19,650 to €53,046
- Staff costs +€6,025
new in 2025: €6,025
- Financial charges +€3,265
up €3,265 (+398.3%), from €820 to €4,084
- Other operating charges -€2,705
down €2,705 (-89.9%), from €3,010 to €305
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 | €342,125 | €614,190 | +€272,065 | +79.5% |
| Fixed assets | 21/28 | €152,277 | €385,709 | +€233,432 | +153.3% |
| Intangible fixed assets | 21 | €149,419 | €384,231 | +€234,812 | +157.1% |
| Tangible fixed assets | 22/27 | €2,608 | €1,228 | -€1,380 | -52.9% |
| Plant, machinery and equipment | 23 | €1,227 | €904 | -€323 | -26.3% |
| Furniture and vehicles | 24 | €1,381 | €324 | -€1,057 | -76.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €189,848 | €228,481 | +€38,633 | +20.3% |
| Amounts receivable within one year | 40/41 | €101,883 | €64,989 | -€36,894 | -36.2% |
| Trade receivables | 40 | €1,655 | €8,611 | +€6,957 | +420.5% |
| Other amounts receivable | 41 | €100,228 | €56,378 | -€43,850 | -43.8% |
| Cash at bank and in hand | 54/58 | €82,938 | €162,071 | +€79,133 | +95.4% |
| Deferred charges and accrued income | 490/1 | €5,028 | €1,421 | -€3,607 | -71.7% |
| Total equity and liabilities | 10/49 | €342,125 | €614,190 | +€272,065 | +79.5% |
| Equity | 10/15 | €239,915 | €83,663 | -€156,251 | -65.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,857 | -€152,817 | -€157,674 | |
| Investment grants | 15 | €177,557 | €178,980 | +€1,423 | +0.8% |
| Amounts payable | 17/49 | €102,210 | €530,527 | +€428,317 | +419.1% |
| Amounts payable after more than one year | 17 | €47,397 | €345,000 | +€297,603 | +627.9% |
| Financial debts | 170/4 | €47,397 | €345,000 | +€297,603 | +627.9% |
| Amounts payable within one year | 42/48 | €54,813 | €185,527 | +€130,714 | +238.5% |
| Current portion of amounts payable after more than one year | 42 | €25,896 | €21,147 | -€4,749 | -18.3% |
| Trade debts | 44 | €26,319 | €160,019 | +€133,699 | +508.0% |
| Suppliers | 440/4 | €26,319 | €160,019 | +€133,699 | +508.0% |
| Taxes, remuneration and social security | 45 | €2,598 | - | -€2,598 | |
| Remuneration and social security | 454/9 | €2,598 | - | -€2,598 | |
| Other amounts payable | 47/48 | - | €4,361 | +€4,361 | |
| Remuneration, social security and pensions | 62 | - | €6,025 | +€6,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,650 | €53,046 | +€33,396 | +170.0% |
| Other operating charges | 640/8 | €3,010 | €305 | -€2,705 | -89.9% |
| Gross operating margin | 9900 | €26,691 | -€94,139 | -€120,829 | |
| Operating profit (loss) | 9901 | €4,031 | -€153,514 | -€157,545 | |
| Financial income | 75/76B | €29 | €56 | +€27 | +92.6% |
| Recurring financial income | 75 | €29 | €56 | +€27 | +92.6% |
| Financial charges | 65/66B | €820 | €4,084 | +€3,265 | +398.3% |
| Recurring financial charges | 65 | €820 | €4,084 | +€3,265 | +398.3% |
| Profit (loss) for the period before taxes | 9903 | €3,240 | -€157,542 | -€160,783 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €3,112 | -€157,674 | -€160,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,112 | -€157,674 | -€160,787 |
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.