METTET FER: 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.
METTET FER
Largest movements
- Receivables within one year +€105,901
up €105,901 (+79.6%), from €133,094 to €238,995
of which Trade receivables: +€116,318
- Cash -€81,756
down €81,756 (-98.4%), from €83,082 to €1,326
mainly Receivables within one year (-€105,901) and Debts after one year (-€69,878)
- Tangible fixed assets -€73,468
down €73,468 (-15.1%), from €485,446 to €411,978
of which Plant, machinery and equipment: -€46,886
- Stocks and contracts +€20,159
up €20,159 (+47.4%), from €42,550 to €62,709
- Debts after one year -€69,878
down €69,878 (-15.6%), from €448,093 to €378,215
- Other debts -€15,192
down €15,192 (-95.2%), from €15,961 to €769
- Reserves +€15,058
up €15,058 (+11.7%), from €128,624 to €143,682
of which Distributable reserves: +€15,058
- Trade debts +€14,723
up €14,723 (+18.5%), from €79,570 to €94,293
- Current portion of long-term debt +€12,030
up €12,030 (+21.1%), from €57,104 to €69,134
- Gross operating margin +€44,548
up €44,548 (+14.7%), from €303,921 to €348,469
- Staff costs +€16,905
up €16,905 (+8.1%), from €208,953 to €225,858
- Depreciation +€15,462
up €15,462 (+22.0%), from €70,427 to €85,889
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 | €751,939 | €719,176 | -€32,763 | -4.4% |
| Fixed assets | 21/28 | €489,544 | €416,076 | -€73,468 | -15.0% |
| Tangible fixed assets | 22/27 | €485,446 | €411,978 | -€73,468 | -15.1% |
| Land and buildings | 22 | €292,988 | €282,716 | -€10,272 | -3.5% |
| Plant, machinery and equipment | 23 | €151,635 | €104,749 | -€46,886 | -30.9% |
| Furniture and vehicles | 24 | €40,823 | €24,513 | -€16,310 | -40.0% |
| Financial fixed assets | 28 | €4,098 | €4,098 | = | 0.0% |
| Current assets | 29/58 | €262,395 | €303,100 | +€40,705 | +15.5% |
| Stocks and contracts in progress | 3 | €42,550 | €62,709 | +€20,159 | +47.4% |
| Stocks | 30/36 | €42,550 | €62,709 | +€20,159 | +47.4% |
| Amounts receivable within one year | 40/41 | €133,094 | €238,995 | +€105,901 | +79.6% |
| Trade receivables | 40 | €105,012 | €221,330 | +€116,318 | +111% |
| Other amounts receivable | 41 | €28,082 | €17,665 | -€10,417 | -37.1% |
| Cash at bank and in hand | 54/58 | €83,082 | €1,326 | -€81,756 | -98.4% |
| Deferred charges and accrued income | 490/1 | €3,669 | €70 | -€3,599 | -98.1% |
| Total equity and liabilities | 10/49 | €751,939 | €719,176 | -€32,763 | -4.4% |
| Equity | 10/15 | €147,224 | €162,282 | +€15,058 | +10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,624 | €143,682 | +€15,058 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €126,764 | €141,822 | +€15,058 | +11.9% |
| Amounts payable | 17/49 | €604,715 | €556,894 | -€47,821 | -7.9% |
| Amounts payable after more than one year | 17 | €448,093 | €378,215 | -€69,878 | -15.6% |
| Financial debts | 170/4 | €448,093 | €378,215 | -€69,878 | -15.6% |
| Amounts payable within one year | 42/48 | €156,622 | €178,679 | +€22,057 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €57,104 | €69,134 | +€12,030 | +21.1% |
| Financial debts | 43 | - | €2,394 | +€2,394 | |
| Credit institutions | 430/8 | - | €2,394 | +€2,394 | |
| Trade debts | 44 | €79,570 | €94,293 | +€14,723 | +18.5% |
| Suppliers | 440/4 | €79,570 | €94,293 | +€14,723 | +18.5% |
| Taxes, remuneration and social security | 45 | €3,987 | €12,089 | +€8,102 | +203% |
| Taxes | 450/3 | €995 | €5,570 | +€4,575 | +460% |
| Remuneration and social security | 454/9 | €2,992 | €6,519 | +€3,527 | +118% |
| Other amounts payable | 47/48 | €15,961 | €769 | -€15,192 | -95.2% |
| Remuneration, social security and pensions | 62 | €208,953 | €225,858 | +€16,905 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,427 | €85,889 | +€15,462 | +22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,599 | +€1,599 | |
| Other operating charges | 640/8 | €1,068 | €284 | -€784 | -73.4% |
| Gross operating margin | 9900 | €303,921 | €348,469 | +€44,548 | +14.7% |
| Operating profit (loss) | 9901 | €23,473 | €34,839 | +€11,366 | +48.4% |
| Financial income | 75/76B | - | €849 | +€849 | |
| Recurring financial income | 75 | - | €849 | +€849 | |
| Financial charges | 65/66B | €20,424 | €17,254 | -€3,170 | -15.5% |
| Recurring financial charges | 65 | €20,424 | €17,254 | -€3,170 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €3,049 | €18,434 | +€15,385 | +505% |
| Income taxes | 67/77 | - | €3,376 | +€3,376 | |
| Profit (loss) for the period | 9904 | €3,049 | €15,058 | +€12,009 | +394% |
| Profit (loss) for the period to be appropriated | 9905 | €3,049 | €15,058 | +€12,009 | +394% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.