Metropol Estates: 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.
Metropol Estates
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-60.3%), from €2.3m to €918,494
- Receivables within one year -€143,938
down €143,938 (-60.9%), from €236,544 to €92,606
- Cash +€83,898
new in 2025: €83,898
mainly Stocks and contracts (+€1.4m) and Receivables within one year (+€143,938)
- Short-term financial debts -€984,868
down €984,868 (-61.9%), from €1.6m to €606,880
- Other debts -€524,006
down €524,006 (-63.1%), from €830,330 to €306,324
- Profit (loss) carried forward +€41,390
up €41,390 (+51.3%), from €80,716 to €122,107
- Gross operating margin +€154,586
up €154,586 (+197%), from €78,642 to €233,229
- Financial charges +€138,300
up €138,300 (+655%), from €21,126 to €159,426
- Financial income +€5,590
up €5,590 (+17,248%), from €32 to €5,622
- Taxes +€5,055
up €5,055 (+79.5%), from €6,358 to €11,412
- Staff costs +€4,738
new in 2025: €4,738
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 | €2,552,587 | €1,104,562 | -€1.4m | -56.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | - | €4,000 | +€4,000 | |
| Current assets | 29/58 | €2,552,587 | €1,100,562 | -€1.5m | -56.9% |
| Stocks and contracts in progress | 3 | €2,315,476 | €918,494 | -€1.4m | -60.3% |
| Stocks | 30/36 | €2,315,476 | €918,494 | -€1.4m | -60.3% |
| Amounts receivable within one year | 40/41 | €236,544 | €92,606 | -€143,938 | -60.9% |
| Other amounts receivable | 41 | €236,544 | €92,606 | -€143,938 | -60.9% |
| Cash at bank and in hand | 54/58 | - | €83,898 | +€83,898 | |
| Deferred charges and accrued income | 490/1 | €567 | €5,564 | +€4,997 | +881% |
| Total equity and liabilities | 10/49 | €2,552,587 | €1,104,562 | -€1.4m | -56.7% |
| Equity | 10/15 | €110,716 | €152,107 | +€41,390 | +37.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,716 | €122,107 | +€41,390 | +51.3% |
| Amounts payable | 17/49 | €2,441,871 | €952,456 | -€1.5m | -61.0% |
| Amounts payable within one year | 42/48 | €2,441,871 | €952,456 | -€1.5m | -61.0% |
| Financial debts | 43 | €1,591,748 | €606,880 | -€984,868 | -61.9% |
| Credit institutions | 430/8 | €1,591,748 | €606,880 | -€984,868 | -61.9% |
| Trade debts | 44 | €4,166 | €16,977 | +€12,812 | +308% |
| Suppliers | 440/4 | €4,166 | €16,977 | +€12,812 | +308% |
| Taxes, remuneration and social security | 45 | €15,627 | €22,274 | +€6,647 | +42.5% |
| Taxes | 450/3 | €15,627 | €17,770 | +€2,143 | +13.7% |
| Remuneration and social security | 454/9 | - | €4,505 | +€4,505 | |
| Other amounts payable | 47/48 | €830,330 | €306,324 | -€524,006 | -63.1% |
| Remuneration, social security and pensions | 62 | - | €4,738 | +€4,738 | |
| Other operating charges | 640/8 | €5,761 | €1,885 | -€3,876 | -67.3% |
| Gross operating margin | 9900 | €78,642 | €233,229 | +€154,586 | +197% |
| Operating profit (loss) | 9901 | €72,881 | €226,606 | +€153,725 | +211% |
| Financial income | 75/76B | €32 | €5,622 | +€5,590 | +17,248% |
| Recurring financial income | 75 | €32 | €5,622 | +€5,590 | +17,248% |
| Financial charges | 65/66B | €21,126 | €159,426 | +€138,300 | +655% |
| Recurring financial charges | 65 | €21,126 | €159,426 | +€138,300 | +655% |
| Profit (loss) for the period before taxes | 9903 | €51,788 | €72,803 | +€21,015 | +40.6% |
| Income taxes | 67/77 | €6,358 | €11,412 | +€5,055 | +79.5% |
| Profit (loss) for the period | 9904 | €45,430 | €61,390 | +€15,960 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,430 | €61,390 | +€15,960 | +35.1% |
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 18 October 2026 via checked.be.