Metrac: 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.
Metrac
Largest movements
- Receivables within one year -€131,057
down €131,057 (-4.0%), from €3.3m to €3.1m
of which Trade receivables: -€104,228
- Cash -€67,054
down €67,054 (-9.1%), from €737,402 to €670,348
mainly Trade debts (-€245,179) and Investment in fixed assets (net) (-€24,073)
- Trade debts -€245,179
down €245,179 (-14.1%), from €1.7m to €1.5m
- Short-term financial debts +€44,562
up €44,562 (+149%), from €30,000 to €74,562
- Write-downs +€38,060
new in 2025: €38,060
- Gross operating margin +€27,125
up €27,125 (+17.4%), from €156,123 to €183,249
- Staff costs +€4,787
up €4,787 (+7.0%), from €67,954 to €72,741
- Financial charges -€4,268
down €4,268 (-12.8%), from €33,304 to €29,037
- Depreciation +€4,012
up €4,012 (+20.9%), from €19,227 to €23,239
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 | €4,067,036 | €3,869,759 | -€197,278 | -4.9% |
| Fixed assets | 21/28 | €62,129 | €62,963 | +€833 | +1.3% |
| Tangible fixed assets | 22/27 | €62,129 | €62,963 | +€833 | +1.3% |
| Furniture and vehicles | 24 | - | €20,061 | +€20,061 | |
| Other tangible fixed assets | 26 | €62,129 | €42,902 | -€19,227 | -30.9% |
| Current assets | 29/58 | €4,004,907 | €3,806,796 | -€198,111 | -4.9% |
| Amounts receivable within one year | 40/41 | €3,267,505 | €3,136,448 | -€131,057 | -4.0% |
| Trade receivables | 40 | €3,226,649 | €3,122,420 | -€104,228 | -3.2% |
| Other amounts receivable | 41 | €40,856 | €14,027 | -€26,829 | -65.7% |
| Cash at bank and in hand | 54/58 | €737,402 | €670,348 | -€67,054 | -9.1% |
| Total equity and liabilities | 10/49 | €4,067,036 | €3,869,759 | -€197,278 | -4.9% |
| Equity | 10/15 | €1,732,922 | €1,743,063 | +€10,142 | +0.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,670,922 | €1,681,063 | +€10,142 | +0.6% |
| Non-distributable reserves | 130/1 | €63,700 | €63,700 | = | 0.0% |
| Legal reserve | 130 | €63,700 | €63,700 | = | 0.0% |
| Distributable reserves | 133 | €1,607,222 | €1,617,363 | +€10,142 | +0.6% |
| Amounts payable | 17/49 | €2,334,115 | €2,126,695 | -€207,420 | -8.9% |
| Amounts payable within one year | 42/48 | €2,334,115 | €2,126,695 | -€207,420 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €30,000 | €74,562 | +€44,562 | +149% |
| Credit institutions | 430/8 | €30,000 | €74,562 | +€44,562 | +149% |
| Trade debts | 44 | €1,740,686 | €1,495,507 | -€245,179 | -14.1% |
| Suppliers | 440/4 | €1,740,686 | €1,495,507 | -€245,179 | -14.1% |
| Taxes, remuneration and social security | 45 | €9,950 | €16,304 | +€6,354 | +63.9% |
| Taxes | 450/3 | - | €6,000 | +€6,000 | |
| Remuneration and social security | 454/9 | €9,950 | €10,304 | +€354 | +3.6% |
| Other amounts payable | 47/48 | €553,479 | €540,322 | -€13,156 | -2.4% |
| Remuneration, social security and pensions | 62 | €67,954 | €72,741 | +€4,787 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,227 | €23,239 | +€4,012 | +20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €38,060 | +€38,060 | |
| Other operating charges | 640/8 | €6,898 | €4,029 | -€2,868 | -41.6% |
| Gross operating margin | 9900 | €156,123 | €183,249 | +€27,125 | +17.4% |
| Operating profit (loss) | 9901 | €62,044 | €45,179 | -€16,865 | -27.2% |
| Financial income | 75/76B | €168 | €0 | -€168 | -100.0% |
| Recurring financial income | 75 | €168 | €0 | -€168 | -100.0% |
| Financial charges | 65/66B | €33,304 | €29,037 | -€4,268 | -12.8% |
| Recurring financial charges | 65 | €33,304 | €29,037 | -€4,268 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €28,907 | €16,142 | -€12,765 | -44.2% |
| Income taxes | 67/77 | €9,157 | €6,000 | -€3,157 | -34.5% |
| Profit (loss) for the period | 9904 | €19,750 | €10,142 | -€9,608 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,750 | €10,142 | -€9,608 | -48.6% |
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 17 October 2026 via checked.be.