MetX: 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.
MetX
Largest movements
- Cash -€136,436
down €136,436 (-72.2%), from €188,863 to €52,427
mainly Receivables within one year (-€99,618) and Net result for the year (-€35,916)
- Receivables within one year +€99,618
up €99,618 (+56.6%), from €175,856 to €275,473
of which Other amounts receivable: +€89,674
- Reserves -€45,360
down €45,360 (-58.1%), from €78,064 to €32,704
- Trade debts -€24,164
down €24,164 (-59.7%), from €40,507 to €16,343
- Accrued charges and deferred income +€16,125
up €16,125 (+13.6%), from €118,158 to €134,283
- Profit (loss) carried forward +€9,445
up €9,445 (+13.1%), from €71,949 to €81,393
- Tax, wage and social debts +€9,082
up €9,082 (+14.2%), from €63,868 to €72,949
of which Remuneration and social security: +€8,714
- Staff costs +€89,040
up €89,040 (+13.5%), from €661,451 to €750,491
- Gross operating margin -€36,057
down €36,057 (-4.7%), from €761,000 to €724,943
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 | €374,564 | €337,672 | -€36,892 | -9.8% |
| Fixed assets | 21/28 | €8,521 | €7,816 | -€705 | -8.3% |
| Tangible fixed assets | 22/27 | €6,423 | €5,718 | -€705 | -11.0% |
| Plant, machinery and equipment | 23 | €5,955 | €5,718 | -€237 | -4.0% |
| Furniture and vehicles | 24 | €468 | - | -€468 | |
| Financial fixed assets | 28 | €2,098 | €2,098 | = | 0.0% |
| Current assets | 29/58 | €366,043 | €329,856 | -€36,187 | -9.9% |
| Amounts receivable within one year | 40/41 | €175,856 | €275,473 | +€99,618 | +56.6% |
| Trade receivables | 40 | €48,989 | €58,932 | +€9,944 | +20.3% |
| Other amounts receivable | 41 | €126,867 | €216,541 | +€89,674 | +70.7% |
| Cash at bank and in hand | 54/58 | €188,863 | €52,427 | -€136,436 | -72.2% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,956 | +€632 | +47.7% |
| Total equity and liabilities | 10/49 | €374,564 | €337,672 | -€36,892 | -9.8% |
| Equity | 10/15 | €150,013 | €114,097 | -€35,916 | -23.9% |
| Reserves | 13 | €78,064 | €32,704 | -€45,360 | -58.1% |
| Profit (loss) carried forward | 14 | €71,949 | €81,393 | +€9,445 | +13.1% |
| Amounts payable | 17/49 | €224,551 | €223,575 | -€976 | -0.4% |
| Amounts payable within one year | 42/48 | €106,393 | €89,292 | -€17,101 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €2,018 | - | -€2,018 | |
| Trade debts | 44 | €40,507 | €16,343 | -€24,164 | -59.7% |
| Suppliers | 440/4 | €40,507 | €16,343 | -€24,164 | -59.7% |
| Taxes, remuneration and social security | 45 | €63,868 | €72,949 | +€9,082 | +14.2% |
| Taxes | 450/3 | - | €368 | +€368 | |
| Remuneration and social security | 454/9 | €63,868 | €72,582 | +€8,714 | +13.6% |
| Accrued charges and deferred income | 492/3 | €118,158 | €134,283 | +€16,125 | +13.6% |
| Non-recurring operating income | 76A | €57,331 | - | -€57,331 | |
| Remuneration, social security and pensions | 62 | €661,451 | €750,491 | +€89,040 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,751 | €4,932 | -€5,819 | -54.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,717 | - | +€2,717 | |
| Other operating charges | 640/8 | €2,658 | €1,297 | -€1,361 | -51.2% |
| Non-recurring operating charges | 66A | €13,248 | €3,186 | -€10,062 | -76.0% |
| Gross operating margin | 9900 | €761,000 | €724,943 | -€36,057 | -4.7% |
| Operating profit (loss) | 9901 | €75,609 | -€34,962 | -€110,571 | |
| Financial income | 75/76B | €184 | €15 | -€169 | -92.1% |
| Recurring financial income | 75 | €184 | €15 | -€169 | -92.1% |
| Financial charges | 65/66B | €1,486 | €968 | -€517 | -34.8% |
| Recurring financial charges | 65 | €1,486 | €968 | -€517 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €74,308 | -€35,916 | -€110,223 | |
| Profit (loss) for the period | 9904 | €74,308 | -€35,916 | -€110,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,308 | -€35,916 | -€110,223 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.