MetSmaak: 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.
MetSmaak
Largest movements
- Cash +€97,112
up €97,112 (+82.8%), from €117,318 to €214,430
mainly Net result for the year (+€148,921) and Depreciation (+€50,019)
- Receivables within one year +€95,252
up €95,252 (+18.9%), from €504,990 to €600,242
of which Trade receivables: +€129,592
- Tangible fixed assets -€50,019
down €50,019 (-40.0%), from €124,984 to €74,965
of which Other tangible fixed assets: -€35,360
- Stocks and contracts -€14,976
down €14,976 (-47.4%), from €31,584 to €16,609
- Profit (loss) carried forward +€132,376
new in 2025: €132,376
- Investment grants -€43,592
down €43,592 (-45.3%), from €96,272 to €52,680
- Debts within one year +€22,821
up €22,821 (+4.5%), from €511,060 to €533,881
of which Trade debts: +€37,187
- Reserves +€16,545
up €16,545 (+9.7%), from €170,054 to €186,599
- Staff costs -€115,422
down €115,422 (-25.8%), from €447,586 to €332,164
- Financial income -€32,752
down €32,752 (-95.2%), from €34,410 to €1,658
- Gross operating margin +€6,576
up €6,576 (+1.2%), from €526,759 to €533,335
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 | €779,502 | €907,584 | +€128,083 | +16.4% |
| Fixed assets | 21/28 | €124,984 | €74,965 | -€50,019 | -40.0% |
| Tangible fixed assets | 22/27 | €124,984 | €74,965 | -€50,019 | -40.0% |
| Plant, machinery and equipment | 23 | €15,181 | €8,839 | -€6,342 | -41.8% |
| Furniture and vehicles | 24 | €41,343 | €33,026 | -€8,317 | -20.1% |
| Other tangible fixed assets | 26 | €68,461 | €33,101 | -€35,360 | -51.7% |
| Current assets | 29/58 | €654,518 | €832,619 | +€178,102 | +27.2% |
| Stocks and contracts in progress | 3 | €31,584 | €16,609 | -€14,976 | -47.4% |
| Stocks | 30/36 | €31,584 | €16,609 | -€14,976 | -47.4% |
| Amounts receivable within one year | 40/41 | €504,990 | €600,242 | +€95,252 | +18.9% |
| Trade receivables | 40 | €389,822 | €519,414 | +€129,592 | +33.2% |
| Other amounts receivable | 41 | €115,169 | €80,828 | -€34,340 | -29.8% |
| Cash at bank and in hand | 54/58 | €117,318 | €214,430 | +€97,112 | +82.8% |
| Deferred charges and accrued income | 490/1 | €626 | €1,338 | +€713 | +114% |
| Total equity and liabilities | 10/49 | €779,502 | €907,584 | +€128,083 | +16.4% |
| Equity | 10/15 | €266,326 | €371,655 | +€105,329 | +39.5% |
| Reserves | 13 | €170,054 | €186,599 | +€16,545 | +9.7% |
| Profit (loss) carried forward | 14 | - | €132,376 | +€132,376 | |
| Investment grants | 15 | €96,272 | €52,680 | -€43,592 | -45.3% |
| Amounts payable | 17/49 | €513,176 | €535,929 | +€22,753 | +4.4% |
| Amounts payable within one year | 42/48 | €511,060 | €533,881 | +€22,821 | +4.5% |
| Trade debts | 44 | €353,143 | €390,331 | +€37,187 | +10.5% |
| Suppliers | 440/4 | €353,143 | €390,331 | +€37,187 | +10.5% |
| Advances received on contracts in progress | 46 | €105,000 | €105,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €52,917 | €35,214 | -€17,703 | -33.5% |
| Remuneration and social security | 454/9 | €52,917 | €35,214 | -€17,703 | -33.5% |
| Accrued charges and deferred income | 492/3 | €2,115 | €2,048 | -€68 | -3.2% |
| Remuneration, social security and pensions | 62 | €447,586 | €332,164 | -€115,422 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,455 | €50,019 | +€564 | +1.1% |
| Other operating charges | 640/8 | €1,236 | €1,258 | +€22 | +1.8% |
| Gross operating margin | 9900 | €526,759 | €533,335 | +€6,576 | +1.2% |
| Operating profit (loss) | 9901 | €28,483 | €149,895 | +€121,412 | +426% |
| Financial income | 75/76B | €34,410 | €1,658 | -€32,752 | -95.2% |
| Recurring financial income | 75 | €34,410 | €1,658 | -€32,752 | -95.2% |
| Financial charges | 65/66B | €2,915 | €2,632 | -€284 | -9.7% |
| Recurring financial charges | 65 | €2,915 | €2,632 | -€284 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €59,977 | €148,921 | +€88,944 | +148% |
| Profit (loss) for the period | 9904 | €59,977 | €148,921 | +€88,944 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €59,977 | €148,921 | +€88,944 | +148% |
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 19 October 2026 via checked.be.