METRA: 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.
What changed
METRA
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,300
2024 · -€40,726+€86,027
Equity
€368,524
2024 · €323,224+€45,300
Cash
€13,123
2024 · €21,181-€8,057
Balance sheet total
€827,884
2024 · €924,884-€97,000
Largest movements
Assets
- Stocks and contracts -€54,442
down €54,442 (-16.5%), from €330,349 to €275,907
- Intangible fixed assets -€21,363
down €21,363 (-44.2%), from €48,332 to €26,969
Equity and liabilities
- Short-term financial debts -€82,451
down €82,451 (-40.2%), from €205,103 to €122,652
- Trade debts -€78,099
down €78,099 (-27.5%), from €284,465 to €206,366
- Profit (loss) carried forward +€40,726
no longer reported in 2025 (was -€40,726)
- Tax, wage and social debts +€28,475
up €28,475 (+32.2%), from €88,330 to €116,805
of which Taxes: +€22,277
Income statement
- Gross operating margin +€151,036
up €151,036 (+35.2%), from €429,286 to €580,322
- Staff costs +€38,625
up €38,625 (+9.3%), from €416,398 to €455,023
- Other operating charges +€13,456
up €13,456 (+120.5%), from €11,168 to €24,623
- Taxes +€11,226
up €11,226 (+1529.9%), from €734 to €11,960
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
-€40,726
Gross operating margin
+€151,036
Staff costs
-€38,625
Depreciation
-€4,881
Other operating charges
-€13,456
Financial income
+€378
Financial charges
+€2,801
Taxes
-€11,226
Result 2025
€45,300
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.
From operations
+€97,897
Investment
-€12,986
Financing
-€92,968
Cash 2024
€21,181
From operations (derived)
+€97,897
Net result for the year
+€45,300
Depreciation
+€37,338
Stocks and contracts
+€54,442
Receivables within one year
+€9,244
Deferred charges and accrued income
+€905
Trade debts
-€78,099
Tax, wage and social debts
+€28,475
Accrued charges and deferred income
+€291
Investment (derived)
-€12,986
Investment in fixed assets (net)
-€12,986
Financing
-€92,968
Debts after one year
-€9,150
Current portion of long-term debt
-€1,367
Short-term financial debts
-€82,451
Cash 2025
€13,123
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €924,884 | €827,884 | -€97,000 | -10.5% |
| Fixed assets | 21/28 | €96,901 | €72,549 | -€24,351 | -25.1% |
| Intangible fixed assets | 21 | €48,332 | €26,969 | -€21,363 | -44.2% |
| Tangible fixed assets | 22/27 | €37,425 | €34,389 | -€3,036 | -8.1% |
| Land and buildings | 22 | €17,848 | €15,603 | -€2,245 | -12.6% |
| Plant, machinery and equipment | 23 | €6,956 | €4,067 | -€2,889 | -41.5% |
| Furniture and vehicles | 24 | €12,621 | €14,720 | +€2,098 | +16.6% |
| Financial fixed assets | 28 | €11,144 | €11,191 | +€47 | +0.4% |
| Current assets | 29/58 | €827,983 | €755,334 | -€72,649 | -8.8% |
| Stocks and contracts in progress | 3 | €330,349 | €275,907 | -€54,442 | -16.5% |
| Stocks | 30/36 | €330,349 | €275,907 | -€54,442 | -16.5% |
| Amounts receivable within one year | 40/41 | €458,892 | €449,648 | -€9,244 | -2.0% |
| Trade receivables | 40 | €458,892 | €449,648 | -€9,244 | -2.0% |
| Cash at bank and in hand | 54/58 | €21,181 | €13,123 | -€8,057 | -38.0% |
| Deferred charges and accrued income | 490/1 | €17,561 | €16,656 | -€905 | -5.2% |
| Total equity and liabilities | 10/49 | €924,884 | €827,884 | -€97,000 | -10.5% |
| Equity | 10/15 | €323,224 | €368,524 | +€45,300 | +14.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €63,950 | €68,524 | +€4,574 | +7.2% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €48,950 | €53,524 | +€4,574 | +9.3% |
| Profit (loss) carried forward | 14 | -€40,726 | - | +€40,726 | |
| Amounts payable | 17/49 | €601,659 | €459,359 | -€142,300 | -23.7% |
| Amounts payable after more than one year | 17 | €13,229 | €4,080 | -€9,150 | -69.2% |
| Financial debts | 170/4 | €13,229 | €4,080 | -€9,150 | -69.2% |
| Amounts payable within one year | 42/48 | €588,414 | €454,973 | -€133,441 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €10,517 | €9,150 | -€1,367 | -13.0% |
| Financial debts | 43 | €205,103 | €122,652 | -€82,451 | -40.2% |
| Credit institutions | 430/8 | €205,103 | €122,652 | -€82,451 | -40.2% |
| Trade debts | 44 | €284,465 | €206,366 | -€78,099 | -27.5% |
| Suppliers | 440/4 | €284,465 | €206,366 | -€78,099 | -27.5% |
| Taxes, remuneration and social security | 45 | €88,330 | €116,805 | +€28,475 | +32.2% |
| Taxes | 450/3 | €41,642 | €63,919 | +€22,277 | +53.5% |
| Remuneration and social security | 454/9 | €46,688 | €52,886 | +€6,198 | +13.3% |
| Accrued charges and deferred income | 492/3 | €16 | €307 | +€291 | +1831.6% |
| Remuneration, social security and pensions | 62 | €416,398 | €455,023 | +€38,625 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,457 | €37,338 | +€4,881 | +15.0% |
| Other operating charges | 640/8 | €11,168 | €24,623 | +€13,456 | +120.5% |
| Gross operating margin | 9900 | €429,286 | €580,322 | +€151,036 | +35.2% |
| Operating profit (loss) | 9901 | -€30,737 | €63,338 | +€94,074 | |
| Financial income | 75/76B | €3,451 | €3,828 | +€378 | +10.9% |
| Recurring financial income | 75 | €3,451 | €3,828 | +€378 | +10.9% |
| Financial charges | 65/66B | €12,707 | €9,906 | -€2,801 | -22.0% |
| Recurring financial charges | 65 | €12,707 | €9,906 | -€2,801 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,993 | €57,260 | +€97,253 | |
| Income taxes | 67/77 | €734 | €11,960 | +€11,226 | +1529.9% |
| Profit (loss) for the period | 9904 | -€40,726 | €45,300 | +€86,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,726 | €45,300 | +€86,027 |
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.