METRA: 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.
METRA
Largest movements
- Tangible fixed assets +€273,587
up €273,587 (+67.4%), from €406,109 to €679,697
of which Leasing and similar rights: +€274,168
- Cash -€136,483
down €136,483 (-83.2%), from €163,988 to €27,505
mainly Investment in fixed assets (net) (-€460,881) and Other debts (-€94,490)
- Receivables within one year +€93,639
up €93,639 (+23.3%), from €402,526 to €496,165
of which Trade receivables: +€181,876
- Debts after one year +€224,196
up €224,196 (+58.3%), from €384,343 to €608,540
- Other debts -€94,490
down €94,490 (-76.1%), from €124,121 to €29,630
- Current portion of long-term debt +€90,723
up €90,723 (+107%), from €84,626 to €175,349
- Tax, wage and social debts -€20,961
down €20,961 (-24.8%), from €84,553 to €63,592
of which Taxes: -€11,048
- Reserves +€20,676
up €20,676 (+11.0%), from €187,381 to €208,057
of which Tax-exempt reserves: +€20,676
- Depreciation +€62,768
up €62,768 (+50.4%), from €124,660 to €187,428
- Gross operating margin +€60,843
up €60,843 (+9.5%), from €643,019 to €703,863
- Staff costs +€26,964
up €26,964 (+6.7%), from €402,898 to €429,862
- Taxes -€17,140
down €17,140 (-72.3%), from €23,723 to €6,582
- Other operating charges +€8,814
up €8,814 (+77.6%), from €11,354 to €20,167
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 | €988,032 | €1,214,680 | +€226,648 | +22.9% |
| Fixed assets | 21/28 | €407,054 | €680,507 | +€273,452 | +67.2% |
| Tangible fixed assets | 22/27 | €406,109 | €679,697 | +€273,587 | +67.4% |
| Furniture and vehicles | 24 | €596 | €16 | -€581 | -97.4% |
| Leasing and similar rights | 25 | €405,513 | €679,681 | +€274,168 | +67.6% |
| Financial fixed assets | 28 | €945 | €810 | -€135 | -14.3% |
| Current assets | 29/58 | €580,978 | €534,173 | -€46,805 | -8.1% |
| Stocks and contracts in progress | 3 | €14,464 | €7,753 | -€6,711 | -46.4% |
| Stocks | 30/36 | €14,464 | €7,753 | -€6,711 | -46.4% |
| Amounts receivable within one year | 40/41 | €402,526 | €496,165 | +€93,639 | +23.3% |
| Trade receivables | 40 | €166,233 | €348,108 | +€181,876 | +109% |
| Other amounts receivable | 41 | €236,294 | €148,057 | -€88,237 | -37.3% |
| Cash at bank and in hand | 54/58 | €163,988 | €27,505 | -€136,483 | -83.2% |
| Deferred charges and accrued income | 490/1 | - | €2,750 | +€2,750 | |
| Total equity and liabilities | 10/49 | €988,032 | €1,214,680 | +€226,648 | +22.9% |
| Equity | 10/15 | €250,769 | €291,131 | +€40,362 | +16.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €187,381 | €208,057 | +€20,676 | +11.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €181,131 | €201,807 | +€20,676 | +11.4% |
| Profit (loss) carried forward | 14 | €888 | €20,574 | +€19,687 | +2,218% |
| Amounts payable | 17/49 | €737,263 | €923,549 | +€186,285 | +25.3% |
| Amounts payable after more than one year | 17 | €384,343 | €608,540 | +€224,196 | +58.3% |
| Financial debts | 170/4 | €384,343 | €608,540 | +€224,196 | +58.3% |
| Amounts payable within one year | 42/48 | €352,920 | €315,009 | -€37,911 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €84,626 | €175,349 | +€90,723 | +107% |
| Trade debts | 44 | €59,620 | €46,438 | -€13,183 | -22.1% |
| Suppliers | 440/4 | €59,620 | €46,438 | -€13,183 | -22.1% |
| Taxes, remuneration and social security | 45 | €84,553 | €63,592 | -€20,961 | -24.8% |
| Taxes | 450/3 | €24,602 | €13,554 | -€11,048 | -44.9% |
| Remuneration and social security | 454/9 | €59,951 | €50,038 | -€9,913 | -16.5% |
| Other amounts payable | 47/48 | €124,121 | €29,630 | -€94,490 | -76.1% |
| Non-recurring operating income | 76A | €0 | €26,676 | +€26,676 | |
| Remuneration, social security and pensions | 62 | €402,898 | €429,862 | +€26,964 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,660 | €187,428 | +€62,768 | +50.4% |
| Other operating charges | 640/8 | €11,354 | €20,167 | +€8,814 | +77.6% |
| Gross operating margin | 9900 | €643,019 | €703,863 | +€60,843 | +9.5% |
| Operating profit (loss) | 9901 | €104,108 | €66,406 | -€37,702 | -36.2% |
| Financial income | 75/76B | €3,991 | €3,274 | -€717 | -18.0% |
| Recurring financial income | 75 | €3,991 | €3,274 | -€717 | -18.0% |
| Financial charges | 65/66B | €15,034 | €22,735 | +€7,701 | +51.2% |
| Recurring financial charges | 65 | €15,034 | €22,735 | +€7,701 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €93,065 | €46,945 | -€46,120 | -49.6% |
| Income taxes | 67/77 | €23,723 | €6,582 | -€17,140 | -72.3% |
| Profit (loss) for the period | 9904 | €69,342 | €40,362 | -€28,980 | -41.8% |
| Transfer to tax-exempt reserves | 689 | €0 | €20,676 | +€20,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,342 | €19,687 | -€49,655 | -71.6% |
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 14 October 2026 via checked.be.