Metsers: 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.
Metsers
Largest movements
- Tangible fixed assets +€69,305
up €69,305 (+186.1%), from €37,239 to €106,544
of which Plant, machinery and equipment: +€38,904
- Receivables within one year +€35,566
up €35,566 (+52.9%), from €67,192 to €102,758
of which Trade receivables: +€32,803
- Cash -€3,789
down €3,789 (-22.4%), from €16,933 to €13,143
mainly Investment in fixed assets (net) (-€96,254) and Receivables within one year (-€35,566)
- Debts after one year +€66,767
up €66,767 (+5794.5%), from €1,152 to €67,919
- Trade debts +€21,422
up €21,422 (+442.5%), from €4,841 to €26,263
- Current portion of long-term debt +€11,000
up €11,000 (+160.9%), from €6,835 to €17,835
- Profit (loss) carried forward +€6,689
up €6,689 (+8.3%), from €80,719 to €87,408
- Other debts -€3,762
down €3,762 (-46.9%), from €8,017 to €4,255
- Gross operating margin +€120,029
up €120,029 (+145.4%), from €82,536 to €202,565
- Staff costs +€103,067
up €103,067 (+175.5%), from €58,726 to €161,793
- Depreciation +€7,980
up €7,980 (+42.1%), from €18,968 to €26,949
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 | €121,364 | €222,445 | +€101,082 | +83.3% |
| Fixed assets | 21/28 | €37,239 | €106,544 | +€69,305 | +186.1% |
| Tangible fixed assets | 22/27 | €37,239 | €106,544 | +€69,305 | +186.1% |
| Plant, machinery and equipment | 23 | €16,483 | €55,387 | +€38,904 | +236.0% |
| Furniture and vehicles | 24 | €20,756 | €51,157 | +€30,401 | +146.5% |
| Current assets | 29/58 | €84,125 | €115,901 | +€31,777 | +37.8% |
| Amounts receivable within one year | 40/41 | €67,192 | €102,758 | +€35,566 | +52.9% |
| Trade receivables | 40 | €56,249 | €89,052 | +€32,803 | +58.3% |
| Other amounts receivable | 41 | €10,943 | €13,706 | +€2,763 | +25.3% |
| Cash at bank and in hand | 54/58 | €16,933 | €13,143 | -€3,789 | -22.4% |
| Total equity and liabilities | 10/49 | €121,364 | €222,445 | +€101,082 | +83.3% |
| Equity | 10/15 | €96,799 | €103,488 | +€6,689 | +6.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,079 | €11,079 | = | 0.0% |
| Distributable reserves | 133 | €11,079 | €11,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,719 | €87,408 | +€6,689 | +8.3% |
| Amounts payable | 17/49 | €24,565 | €118,958 | +€94,393 | +384.3% |
| Amounts payable after more than one year | 17 | €1,152 | €67,919 | +€66,767 | +5794.5% |
| Financial debts | 170/4 | €1,152 | €67,919 | +€66,767 | +5794.5% |
| Amounts payable within one year | 42/48 | €20,913 | €48,539 | +€27,626 | +132.1% |
| Current portion of amounts payable after more than one year | 42 | €6,835 | €17,835 | +€11,000 | +160.9% |
| Trade debts | 44 | €4,841 | €26,263 | +€21,422 | +442.5% |
| Suppliers | 440/4 | €4,841 | €26,263 | +€21,422 | +442.5% |
| Taxes, remuneration and social security | 45 | €1,220 | €186 | -€1,034 | -84.8% |
| Taxes | 450/3 | €64 | €186 | +€122 | +189.9% |
| Remuneration and social security | 454/9 | €1,156 | €0 | -€1,156 | -100.0% |
| Other amounts payable | 47/48 | €8,017 | €4,255 | -€3,762 | -46.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,726 | €161,793 | +€103,067 | +175.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,968 | €26,949 | +€7,980 | +42.1% |
| Other operating charges | 640/8 | €3,820 | €4,594 | +€774 | +20.3% |
| Gross operating margin | 9900 | €82,536 | €202,565 | +€120,029 | +145.4% |
| Operating profit (loss) | 9901 | €1,022 | €9,229 | +€8,207 | +803.1% |
| Financial income | 75/76B | €1,960 | €1,945 | -€15 | -0.8% |
| Recurring financial income | 75 | €1,960 | €1,945 | -€15 | -0.8% |
| Financial charges | 65/66B | €653 | €2,234 | +€1,581 | +242.0% |
| Recurring financial charges | 65 | €653 | €2,234 | +€1,581 | +242.0% |
| Profit (loss) for the period before taxes | 9903 | €2,329 | €8,940 | +€6,612 | +283.9% |
| Income taxes | 67/77 | €764 | €2,251 | +€1,488 | +194.8% |
| Profit (loss) for the period | 9904 | €1,565 | €6,689 | +€5,124 | +327.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,565 | €6,689 | +€5,124 | +327.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.