METVICO: 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.
METVICO
Largest movements
- Tangible fixed assets +€793,602
up €793,602 (+118%), from €673,631 to €1.5m
of which Land and buildings: +€724,690
- Cash +€552,808
up €552,808 (+531%), from €104,057 to €656,866
mainly Debts after one year (+€755,680) and Net result for the year (+€376,362)
- Receivables within one year +€59,931
up €59,931 (+19.5%), from €307,690 to €367,621
of which Trade receivables: +€49,227
- Debts after one year +€755,680
up €755,680 (+139%), from €542,025 to €1.3m
- Reserves +€376,362
up €376,362 (+124%), from €302,776 to €679,138
of which Tax-exempt reserves: +€306,711
- Trade debts +€207,912
up €207,912 (+193%), from €107,687 to €315,598
- Provisions +€102,237
new in 2025: €102,237
- Current portion of long-term debt -€37,617
down €37,617 (-29.7%), from €126,724 to €89,107
- Gross operating margin +€462,260
up €462,260 (+143%), from €322,475 to €784,734
- Depreciation -€50,539
down €50,539 (-37.3%), from €135,546 to €85,007
- Financial charges +€22,631
up €22,631 (+86.2%), from €26,258 to €48,889
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 | €1,108,903 | €2,521,529 | +€1.4m | +127% |
| Fixed assets | 21/28 | €673,711 | €1,467,313 | +€793,602 | +118% |
| Tangible fixed assets | 22/27 | €673,631 | €1,467,233 | +€793,602 | +118% |
| Land and buildings | 22 | €480,841 | €1,205,531 | +€724,690 | +151% |
| Plant, machinery and equipment | 23 | €32,266 | €92,700 | +€60,434 | +187% |
| Furniture and vehicles | 24 | €3,185 | €37,161 | +€33,976 | +1,067% |
| Leasing and similar rights | 25 | €157,340 | €131,841 | -€25,499 | -16.2% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €435,191 | €1,054,216 | +€619,024 | +142% |
| Stocks and contracts in progress | 3 | €23,347 | €28,881 | +€5,534 | +23.7% |
| Stocks | 30/36 | €23,347 | €28,881 | +€5,534 | +23.7% |
| Amounts receivable within one year | 40/41 | €307,690 | €367,621 | +€59,931 | +19.5% |
| Trade receivables | 40 | €242,355 | €291,583 | +€49,227 | +20.3% |
| Other amounts receivable | 41 | €65,335 | €76,038 | +€10,703 | +16.4% |
| Cash at bank and in hand | 54/58 | €104,057 | €656,866 | +€552,808 | +531% |
| Deferred charges and accrued income | 490/1 | €97 | €848 | +€751 | +775% |
| Total equity and liabilities | 10/49 | €1,108,903 | €2,521,529 | +€1.4m | +127% |
| Equity | 10/15 | €308,976 | €685,338 | +€376,362 | +122% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €302,776 | €679,138 | +€376,362 | +124% |
| Tax-exempt reserves | 132 | - | €306,711 | +€306,711 | |
| Distributable reserves | 133 | €302,776 | €372,427 | +€69,651 | +23.0% |
| Provisions and deferred taxes | 16 | - | €102,237 | +€102,237 | |
| Deferred taxes | 168 | - | €102,237 | +€102,237 | |
| Amounts payable | 17/49 | €799,926 | €1,733,954 | +€934,027 | +117% |
| Amounts payable after more than one year | 17 | €542,025 | €1,297,704 | +€755,680 | +139% |
| Financial debts | 170/4 | €542,025 | €1,297,704 | +€755,680 | +139% |
| Amounts payable within one year | 42/48 | €257,902 | €436,250 | +€178,348 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €126,724 | €89,107 | -€37,617 | -29.7% |
| Trade debts | 44 | €107,687 | €315,598 | +€207,912 | +193% |
| Suppliers | 440/4 | €107,687 | €315,598 | +€207,912 | +193% |
| Taxes, remuneration and social security | 45 | €23,492 | €31,544 | +€8,053 | +34.3% |
| Taxes | 450/3 | €4,031 | €9,638 | +€5,607 | +139% |
| Remuneration and social security | 454/9 | €19,461 | €21,907 | +€2,445 | +12.6% |
| Remuneration, social security and pensions | 62 | €149,335 | €156,734 | +€7,400 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,546 | €85,007 | -€50,539 | -37.3% |
| Other operating charges | 640/8 | €6,013 | €8,371 | +€2,358 | +39.2% |
| Gross operating margin | 9900 | €322,475 | €784,734 | +€462,260 | +143% |
| Operating profit (loss) | 9901 | €31,581 | €534,622 | +€503,040 | +1,593% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.6% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.6% |
| Financial charges | 65/66B | €26,258 | €48,889 | +€22,631 | +86.2% |
| Recurring financial charges | 65 | €26,258 | €48,889 | +€22,631 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €5,363 | €485,733 | +€480,370 | +8,958% |
| Transfer from deferred taxes | 780 | - | €1,634 | +€1,634 | |
| Transfer to deferred taxes | 680 | - | €103,871 | +€103,871 | |
| Income taxes | 67/77 | €2,874 | €7,134 | +€4,260 | +148% |
| Profit (loss) for the period | 9904 | €2,489 | €376,362 | +€373,873 | +15,023% |
| Transfer from tax-exempt reserves | 789 | - | €4,901 | +€4,901 | |
| Transfer to tax-exempt reserves | 689 | - | €311,612 | +€311,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,489 | €69,651 | +€67,162 | +2,699% |
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 15 October 2026 via checked.be.