METRIX ASSOCIATES: 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.
METRIX ASSOCIATES
Largest movements
- Current investments +€53,840
up €53,840 (+55.9%), from €96,382 to €150,222
- Cash -€44,890
down €44,890 (-25.0%), from €179,679 to €134,788
mainly Current investments (-€53,840) and Other debts (-€52,134)
- Receivables within one year -€39,457
down €39,457 (-48.2%), from €81,944 to €42,488
of which Trade receivables: -€40,317
- Tangible fixed assets -€14,388
down €14,388 (-45.0%), from €31,938 to €17,550
of which Furniture and vehicles: -€13,315
- Other debts -€52,134
down €52,134 (-93.6%), from €55,694 to €3,559
- Reserves +€18,254
up €18,254 (+6.0%), from €302,154 to €320,407
- Tax, wage and social debts -€11,184
down €11,184 (-70.4%), from €15,897 to €4,713
- Taxes -€16,959
down €16,959 (-49.1%), from €34,524 to €17,564
- Financial charges +€5,345
up €5,345 (+325.8%), from €1,641 to €6,986
- Gross operating margin -€3,767
down €3,767 (-4.0%), from €95,143 to €91,376
- Financial income -€2,035
down €2,035 (-53.2%), from €3,826 to €1,791
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 | €391,687 | €347,895 | -€43,792 | -11.2% |
| Fixed assets | 21/28 | €31,938 | €17,550 | -€14,388 | -45.0% |
| Tangible fixed assets | 22/27 | €31,938 | €17,550 | -€14,388 | -45.0% |
| Plant, machinery and equipment | 23 | €4,962 | €3,889 | -€1,073 | -21.6% |
| Furniture and vehicles | 24 | €26,976 | €13,661 | -€13,315 | -49.4% |
| Current assets | 29/58 | €359,749 | €330,344 | -€29,404 | -8.2% |
| Amounts receivable within one year | 40/41 | €81,944 | €42,488 | -€39,457 | -48.2% |
| Trade receivables | 40 | €81,944 | €41,627 | -€40,317 | -49.2% |
| Other amounts receivable | 41 | - | €860 | +€860 | |
| Current investments | 50/53 | €96,382 | €150,222 | +€53,840 | +55.9% |
| Cash at bank and in hand | 54/58 | €179,679 | €134,788 | -€44,890 | -25.0% |
| Deferred charges and accrued income | 490/1 | €1,744 | €2,847 | +€1,103 | +63.2% |
| Total equity and liabilities | 10/49 | €391,687 | €347,895 | -€43,792 | -11.2% |
| Equity | 10/15 | €318,180 | €336,433 | +€18,254 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €302,154 | €320,407 | +€18,254 | +6.0% |
| Distributable reserves | 133 | €302,154 | €320,407 | +€18,254 | +6.0% |
| Profit (loss) carried forward | 14 | €3,626 | €3,626 | = | 0.0% |
| Amounts payable | 17/49 | €73,507 | €11,461 | -€62,046 | -84.4% |
| Amounts payable within one year | 42/48 | €73,507 | €11,461 | -€62,046 | -84.4% |
| Trade debts | 44 | €1,917 | €3,189 | +€1,272 | +66.4% |
| Suppliers | 440/4 | €1,917 | €3,189 | +€1,272 | +66.4% |
| Taxes, remuneration and social security | 45 | €15,897 | €4,713 | -€11,184 | -70.4% |
| Taxes | 450/3 | €15,897 | €4,713 | -€11,184 | -70.4% |
| Other amounts payable | 47/48 | €55,694 | €3,559 | -€52,134 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,011 | €14,388 | +€377 | +2.7% |
| Other operating charges | 640/8 | €1,499 | €1,666 | +€167 | +11.1% |
| Gross operating margin | 9900 | €95,143 | €91,376 | -€3,767 | -4.0% |
| Operating profit (loss) | 9901 | €79,633 | €75,323 | -€4,310 | -5.4% |
| Financial income | 75/76B | €3,826 | €1,791 | -€2,035 | -53.2% |
| Recurring financial income | 75 | €3,826 | €1,791 | -€2,035 | -53.2% |
| Financial charges | 65/66B | €1,641 | €6,986 | +€5,345 | +325.8% |
| Recurring financial charges | 65 | €1,641 | €6,986 | +€5,345 | +325.8% |
| Profit (loss) for the period before taxes | 9903 | €81,818 | €70,128 | -€11,690 | -14.3% |
| Income taxes | 67/77 | €34,524 | €17,564 | -€16,959 | -49.1% |
| Profit (loss) for the period | 9904 | €47,295 | €52,564 | +€5,269 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,295 | €52,564 | +€5,269 | +11.1% |
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 10 October 2026 via checked.be.