METRUCO: 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.
METRUCO
Largest movements
- Stocks and contracts -€637,828
down €637,828 (-41.1%), from €1.6m to €913,995
- Tangible fixed assets -€212,057
down €212,057 (-5.9%), from €3.6m to €3.4m
of which Land and buildings: -€187,350
- Financial fixed assets +€200,273
new in 2025: €200,273
- Deferred charges and accrued income -€136,153
no longer reported in 2025 (was €136,153)
- Receivables within one year -€85,677
down €85,677 (-64.2%), from €133,415 to €47,738
of which Trade receivables: -€63,042
- Debts after one year -€460,540
down €460,540 (-17.4%), from €2.6m to €2.2m
- Reserves -€344,741
down €344,741 (-24.0%), from €1.4m to €1.1m
of which Distributable reserves: -€334,883
- Short-term financial debts +€167,863
up €167,863 (+23.7%), from €707,530 to €875,393
- Tax, wage and social debts -€155,947
down €155,947 (-75.0%), from €207,803 to €51,856
- Current portion of long-term debt -€87,485
down €87,485 (-21.0%), from €416,262 to €328,777
- Gross operating margin -€454,330
down €454,330 (-51.7%), from €879,388 to €425,058
- Taxes -€119,040
down €119,040 (-78.9%), from €150,805 to €31,765
- Financial charges -€52,840
down €52,840 (-20.8%), from €254,241 to €201,401
- Other operating charges -€15,768
down €15,768 (-66.2%), from €23,836 to €8,068
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 | €5,777,781 | €4,938,523 | -€839,258 | -14.5% |
| Formation expenses | 20 | €358,421 | €358,421 | = | 0.0% |
| Fixed assets | 21/28 | €3,597,970 | €3,586,186 | -€11,784 | -0.3% |
| Tangible fixed assets | 22/27 | €3,597,970 | €3,385,913 | -€212,057 | -5.9% |
| Land and buildings | 22 | €3,572,429 | €3,385,079 | -€187,350 | -5.2% |
| Furniture and vehicles | 24 | €25,540 | €833 | -€24,707 | -96.7% |
| Financial fixed assets | 28 | - | €200,273 | +€200,273 | |
| Current assets | 29/58 | €1,821,390 | €993,917 | -€827,474 | -45.4% |
| Stocks and contracts in progress | 3 | €1,551,823 | €913,995 | -€637,828 | -41.1% |
| Stocks | 30/36 | €1,551,823 | €913,995 | -€637,828 | -41.1% |
| Amounts receivable within one year | 40/41 | €133,415 | €47,738 | -€85,677 | -64.2% |
| Trade receivables | 40 | €108,463 | €45,421 | -€63,042 | -58.1% |
| Other amounts receivable | 41 | €24,952 | €2,316 | -€22,635 | -90.7% |
| Cash at bank and in hand | 54/58 | €0 | €32,184 | +€32,184 | |
| Deferred charges and accrued income | 490/1 | €136,153 | - | -€136,153 | |
| Total equity and liabilities | 10/49 | €5,777,781 | €4,938,523 | -€839,258 | -14.5% |
| Equity | 10/15 | €1,471,274 | €1,126,534 | -€344,741 | -23.4% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €1,434,082 | €1,089,342 | -€344,741 | -24.0% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €215,882 | €206,024 | -€9,858 | -4.6% |
| Distributable reserves | 133 | €1,214,481 | €879,598 | -€334,883 | -27.6% |
| Provisions and deferred taxes | 16 | €55,862 | €52,576 | -€3,286 | -5.9% |
| Deferred taxes | 168 | €55,862 | €52,576 | -€3,286 | -5.9% |
| Amounts payable | 17/49 | €4,250,645 | €3,759,414 | -€491,231 | -11.6% |
| Amounts payable after more than one year | 17 | €2,642,275 | €2,181,734 | -€460,540 | -17.4% |
| Financial debts | 170/4 | €2,642,275 | €2,181,734 | -€460,540 | -17.4% |
| Amounts payable within one year | 42/48 | €1,608,370 | €1,577,679 | -€30,691 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €416,262 | €328,777 | -€87,485 | -21.0% |
| Financial debts | 43 | €707,530 | €875,393 | +€167,863 | +23.7% |
| Credit institutions | 430/8 | €707,530 | €875,393 | +€167,863 | +23.7% |
| Trade debts | 44 | €153,528 | €126,654 | -€26,874 | -17.5% |
| Suppliers | 440/4 | €153,528 | €126,654 | -€26,874 | -17.5% |
| Taxes, remuneration and social security | 45 | €207,803 | €51,856 | -€155,947 | -75.0% |
| Taxes | 450/3 | €207,803 | €51,856 | -€155,947 | -75.0% |
| Other amounts payable | 47/48 | €123,248 | €195,000 | +€71,752 | +58.2% |
| Non-recurring operating income | 76A | €160,309 | €38,803 | -€121,506 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,694 | €151,959 | -€7,735 | -4.8% |
| Other operating charges | 640/8 | €23,836 | €8,068 | -€15,768 | -66.2% |
| Non-recurring operating charges | 66A | €44,115 | €3,572 | -€40,543 | -91.9% |
| Gross operating margin | 9900 | €879,388 | €425,058 | -€454,330 | -51.7% |
| Operating profit (loss) | 9901 | €651,743 | €261,459 | -€390,284 | -59.9% |
| Financial income | 75/76B | €3,900 | €2,119 | -€1,781 | -45.7% |
| Recurring financial income | 75 | €3,900 | €2,119 | -€1,781 | -45.7% |
| Financial charges | 65/66B | €254,241 | €201,401 | -€52,840 | -20.8% |
| Recurring financial charges | 65 | €254,241 | €201,401 | -€52,840 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €401,402 | €62,177 | -€339,225 | -84.5% |
| Transfer from deferred taxes | 780 | €3,286 | €3,286 | = | 0.0% |
| Income taxes | 67/77 | €150,805 | €31,765 | -€119,040 | -78.9% |
| Profit (loss) for the period | 9904 | €253,883 | €33,698 | -€220,185 | -86.7% |
| Transfer from tax-exempt reserves | 789 | €9,858 | €9,858 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €263,741 | €43,556 | -€220,185 | -83.5% |
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 12 October 2026 via checked.be.