METRACO: 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
METRACO
NACE 46.820, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€889,186
2024 · €28,101-€917,287
Equity
€6.0m
2024 · €6.9m-€889,186
Cash
€75
2024 · €74+€1
Balance sheet total
€24.1m
2024 · €20.9m+€3.2m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+25.5%), from €9.6m to €12.0m
of which Trade receivables: +€1.6m
- Stocks and contracts +€1.3m
up €1.3m (+12.3%), from €10.7m to €12.0m
- Deferred charges and accrued income -€527,941
down €527,941 (-83.8%), from €629,862 to €101,921
Equity and liabilities
- Trade debts +€2.4m
up €2.4m (+150.5%), from €1.6m to €4.0m
- Accrued charges and deferred income +€1.3m
up €1.3m (+1426.1%), from €92,590 to €1.4m
- Reserves -€889,186
down €889,186 (-13.3%), from €6.7m to €5.8m
of which Distributable reserves: -€889,186
- Short-term financial debts +€396,446
up €396,446 (+3.3%), from €11.9m to €12.3m
Income statement
- Goods and materials -€10.9m
down €10.9m (-12.4%), from €88.1m to €77.2m
of which Purchases: -€11.4m
- Turnover -€10.5m
down €10.5m (-11.9%), from €87.5m to €77.1m
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
€28,101
Turnover
-€10.5m
Other operating income
+€192,072
Goods and materials
+€10.9m
Services and other goods
-€98,381
Depreciation
-€60
Write-downs
+€143,454
Other operating charges
+€552
Other operating items
-€1.5m
Financial income
-€470,468
Financial charges
+€337,634
Taxes
+€10,526
Result 2025
-€889,186
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
-€391,916
Investment
-€4,529
Financing
+€396,446
Cash 2024
€74
From operations (derived)
-€391,916
Net result for the year
-€889,186
Depreciation
+€60
Stocks and contracts
-€1.3m
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€527,941
Trade debts
+€2.4m
Tax, wage and social debts
-€187,671
Other debts
+€209,032
Accrued charges and deferred income
+€1.3m
Investment (derived)
-€4,529
Investment in fixed assets (net)
-€4,529
Financing
+€396,446
Short-term financial debts
+€396,446
Cash 2025
€75
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,868,970 | €24,100,125 | +€3.2m | +15.5% |
| Fixed assets | 21/28 | - | €4,469 | +€4,469 | |
| Intangible fixed assets | 21 | - | €1,469 | +€1,469 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Other financial fixed assets | 284/8 | - | €3,000 | +€3,000 | |
| Amounts receivable and cash guarantees | 285/8 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €20,868,970 | €24,095,655 | +€3.2m | +15.5% |
| Stocks and contracts in progress | 3 | €10,661,145 | €11,972,454 | +€1.3m | +12.3% |
| Stocks | 30/36 | €10,661,145 | €11,972,454 | +€1.3m | +12.3% |
| Raw materials and consumables | 30/31 | €934,472 | €841,320 | -€93,152 | -10.0% |
| Finished goods | 33 | €1,746,728 | €1,934,262 | +€187,534 | +10.7% |
| Goods purchased for resale | 34 | €7,979,945 | €9,196,872 | +€1.2m | +15.2% |
| Amounts receivable within one year | 40/41 | €9,577,890 | €12,021,206 | +€2.4m | +25.5% |
| Trade receivables | 40 | €7,628,711 | €9,256,180 | +€1.6m | +21.3% |
| Other amounts receivable | 41 | €1,949,178 | €2,765,026 | +€815,848 | +41.9% |
| Cash at bank and in hand | 54/58 | €74 | €75 | +€1 | +1.0% |
| Deferred charges and accrued income | 490/1 | €629,862 | €101,921 | -€527,941 | -83.8% |
| Total equity and liabilities | 10/49 | €20,868,970 | €24,100,125 | +€3.2m | +15.5% |
| Equity | 10/15 | €6,929,755 | €6,040,569 | -€889,186 | -12.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €6,679,755 | €5,790,569 | -€889,186 | -13.3% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,000 | €421,000 | = | 0.0% |
| Distributable reserves | 133 | €6,233,755 | €5,344,569 | -€889,186 | -14.3% |
| Amounts payable | 17/49 | €13,939,215 | €18,059,556 | +€4.1m | +29.6% |
| Amounts payable within one year | 42/48 | €13,846,625 | €16,646,558 | +€2.8m | +20.2% |
| Financial debts | 43 | €11,871,488 | €12,267,934 | +€396,446 | +3.3% |
| Credit institutions | 430/8 | €11,871,488 | €12,267,934 | +€396,446 | +3.3% |
| Trade debts | 44 | €1,582,869 | €3,964,994 | +€2.4m | +150.5% |
| Suppliers | 440/4 | €1,582,869 | €3,964,994 | +€2.4m | +150.5% |
| Taxes, remuneration and social security | 45 | €199,758 | €12,086 | -€187,671 | -93.9% |
| Taxes | 450/3 | €199,758 | €12,086 | -€187,671 | -93.9% |
| Other amounts payable | 47/48 | €192,511 | €401,544 | +€209,032 | +108.6% |
| Accrued charges and deferred income | 492/3 | €92,590 | €1,412,998 | +€1.3m | +1426.1% |
| Operating income | 70/76A | €89,318,185 | €77,547,985 | -€11.8m | -13.2% |
| Turnover | 70 | €87,536,574 | €77,083,429 | -€10.5m | -11.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,746,728 | €237,601 | -€1.5m | -86.4% |
| Other operating income | 74 | €34,882 | €226,954 | +€192,072 | +550.6% |
| Operating charges | 60/66A | €88,628,949 | €77,653,728 | -€11.0m | -12.4% |
| Goods for resale, raw materials and consumables | 60 | €88,102,712 | €77,173,056 | -€10.9m | -12.4% |
| Purchases | 600/8 | €90,240,049 | €78,832,461 | -€11.4m | -12.6% |
| Change in stocks: decrease (increase) | 609 | -€2,137,337 | -€1,659,404 | +€477,933 | +22.4% |
| Services and other goods | 61 | €316,455 | €414,836 | +€98,381 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €60 | +€60 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €208,104 | €64,649 | -€143,454 | -68.9% |
| Other operating charges | 640/8 | €1,679 | €1,126 | -€552 | -32.9% |
| Operating profit (loss) | 9901 | €689,236 | -€105,743 | -€794,979 | |
| Financial income | 75/76B | €657,498 | €187,030 | -€470,468 | -71.6% |
| Recurring financial income | 75 | €657,498 | €187,030 | -€470,468 | -71.6% |
| Income from current assets | 751 | €23,780 | €127,002 | +€103,222 | +434.1% |
| Other financial income | 752/9 | €633,718 | €60,027 | -€573,690 | -90.5% |
| Financial charges | 65/66B | €1,308,107 | €970,473 | -€337,634 | -25.8% |
| Recurring financial charges | 65 | €1,308,107 | €970,473 | -€337,634 | -25.8% |
| Debt charges | 650 | €701,231 | €640,794 | -€60,437 | -8.6% |
| Other financial charges | 652/9 | €606,876 | €329,679 | -€277,197 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | €38,627 | -€889,186 | -€927,813 | |
| Income taxes | 67/77 | €10,526 | €0 | -€10,526 | -100.0% |
| Taxes | 670/3 | €10,526 | €0 | -€10,526 | -100.0% |
| Profit (loss) for the period | 9904 | €28,101 | -€889,186 | -€917,287 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €28,101 | -€889,186 | -€917,287 |
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 4 October 2026 via checked.be.