METROBAT: 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.
METROBAT
Largest movements
- Tangible fixed assets +€73,136
up €73,136 (+9.7%), from €757,688 to €830,824
of which Land and buildings: +€45,000
- Receivables within one year +€51,336
up €51,336 (+138.4%), from €37,095 to €88,431
of which Other amounts receivable: +€28,264
- Cash +€37,145
up €37,145 (+31.1%), from €119,326 to €156,470
mainly Net result for the year (+€121,053) and Other debts (+€101,976)
- Other debts +€101,976
up €101,976 (+28.5%), from €357,757 to €459,733
- Accrued charges and deferred income +€32,396
up €32,396 (+151.0%), from €21,455 to €53,851
- Debts after one year +€12,036
new in 2025: €12,036
- Gross operating margin +€40,118
up €40,118 (+15.0%), from €267,295 to €307,413
- Depreciation +€19,182
up €19,182 (+78.8%), from €24,358 to €43,541
- Staff costs +€12,612
up €12,612 (+21.8%), from €57,949 to €70,561
- Financial charges +€12,061
up €12,061 (+56.3%), from €21,424 to €33,485
- Taxes -€6,238
down €6,238 (-16.0%), from €39,035 to €32,797
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 | €914,624 | €1,077,179 | +€162,555 | +17.8% |
| Fixed assets | 21/28 | €757,688 | €830,824 | +€73,136 | +9.7% |
| Tangible fixed assets | 22/27 | €757,688 | €830,824 | +€73,136 | +9.7% |
| Land and buildings | 22 | €728,557 | €773,556 | +€45,000 | +6.2% |
| Plant, machinery and equipment | 23 | €27,409 | €27,015 | -€394 | -1.4% |
| Furniture and vehicles | 24 | €1,722 | €30,253 | +€28,531 | +1657.1% |
| Current assets | 29/58 | €156,936 | €246,355 | +€89,419 | +57.0% |
| Amounts receivable within one year | 40/41 | €37,095 | €88,431 | +€51,336 | +138.4% |
| Trade receivables | 40 | €15,608 | €38,680 | +€23,072 | +147.8% |
| Other amounts receivable | 41 | €21,488 | €49,752 | +€28,264 | +131.5% |
| Cash at bank and in hand | 54/58 | €119,326 | €156,470 | +€37,145 | +31.1% |
| Deferred charges and accrued income | 490/1 | €515 | €1,453 | +€938 | +182.1% |
| Total equity and liabilities | 10/49 | €914,624 | €1,077,179 | +€162,555 | +17.8% |
| Equity | 10/15 | €521,898 | €524,734 | +€2,837 | +0.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €3,681 | €3,681 | = | 0.0% |
| Distributable reserves | 133 | €3,681 | €3,681 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,216 | €121,053 | +€2,837 | +2.4% |
| Amounts payable | 17/49 | €392,727 | €552,445 | +€159,718 | +40.7% |
| Amounts payable after more than one year | 17 | - | €12,036 | +€12,036 | |
| Financial debts | 170/4 | - | €12,036 | +€12,036 | |
| Amounts payable within one year | 42/48 | €371,272 | €486,558 | +€115,286 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €9,814 | +€9,814 | |
| Trade debts | 44 | €6,264 | €10,275 | +€4,011 | +64.0% |
| Suppliers | 440/4 | €6,264 | €10,275 | +€4,011 | +64.0% |
| Taxes, remuneration and social security | 45 | €7,251 | €6,737 | -€515 | -7.1% |
| Taxes | 450/3 | €870 | €635 | -€235 | -27.0% |
| Remuneration and social security | 454/9 | €6,381 | €6,102 | -€280 | -4.4% |
| Other amounts payable | 47/48 | €357,757 | €459,733 | +€101,976 | +28.5% |
| Accrued charges and deferred income | 492/3 | €21,455 | €53,851 | +€32,396 | +151.0% |
| Remuneration, social security and pensions | 62 | €57,949 | €70,561 | +€12,612 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,358 | €43,541 | +€19,182 | +78.8% |
| Other operating charges | 640/8 | €6,313 | €5,977 | -€336 | -5.3% |
| Gross operating margin | 9900 | €267,295 | €307,413 | +€40,118 | +15.0% |
| Operating profit (loss) | 9901 | €178,675 | €187,335 | +€8,660 | +4.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €21,424 | €33,485 | +€12,061 | +56.3% |
| Recurring financial charges | 65 | €21,424 | €33,485 | +€12,061 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €157,251 | €153,850 | -€3,401 | -2.2% |
| Income taxes | 67/77 | €39,035 | €32,797 | -€6,238 | -16.0% |
| Profit (loss) for the period | 9904 | €118,216 | €121,053 | +€2,837 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €118,216 | €121,053 | +€2,837 | +2.4% |
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 30 September 2026 via checked.be.