META: 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.
META
Largest movements
- Tangible fixed assets -€79,249
down €79,249 (-3.2%), from €2.5m to €2.4m
of which Land and buildings: -€56,562
- Cash -€50,914
down €50,914 (-54.7%), from €93,106 to €42,192
mainly Debts after one year (-€93,669) and Net result for the year (-€60,230)
- Debts after one year -€93,669
down €93,669 (-9.3%), from €1.0m to €912,890
- Profit (loss) carried forward -€56,635
down €56,635 (-0.8%), from -€7.4m to -€7.4m
- Depreciation +€17,120
up €17,120 (+27.6%), from €62,129 to €79,249
- Gross operating margin -€2,270
down €2,270 (-4.6%), from €49,150 to €46,881
- Financial charges -€2,252
down €2,252 (-9.5%), from €23,628 to €21,376
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 | €2,561,134 | €2,431,083 | -€130,051 | -5.1% |
| Fixed assets | 21/28 | €2,464,870 | €2,385,621 | -€79,249 | -3.2% |
| Tangible fixed assets | 22/27 | €2,464,870 | €2,385,621 | -€79,249 | -3.2% |
| Land and buildings | 22 | €2,295,976 | €2,239,415 | -€56,562 | -2.5% |
| Furniture and vehicles | 24 | €168,893 | €146,206 | -€22,687 | -13.4% |
| Current assets | 29/58 | €96,264 | €45,463 | -€50,802 | -52.8% |
| Amounts receivable within one year | 40/41 | €122 | €0 | -€122 | -100% |
| Other amounts receivable | 41 | €122 | €0 | -€122 | -100% |
| Current investments | 50/53 | €0 | €0 | -€0 | -100% |
| Cash at bank and in hand | 54/58 | €93,106 | €42,192 | -€50,914 | -54.7% |
| Deferred charges and accrued income | 490/1 | €3,035 | €3,270 | +€235 | +7.7% |
| Total equity and liabilities | 10/49 | €2,561,134 | €2,431,083 | -€130,051 | -5.1% |
| Equity | 10/15 | -€772,751 | -€832,981 | -€60,230 | -7.8% |
| Contributions | 10/11 | €5,665,324 | €5,665,324 | = | 0.0% |
| Reserves | 13 | €934,096 | €930,501 | -€3,595 | -0.4% |
| Tax-exempt reserves | 132 | €94,671 | €91,076 | -€3,595 | -3.8% |
| Distributable reserves | 133 | €839,425 | €839,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,372,171 | -€7,428,806 | -€56,635 | -0.8% |
| Provisions and deferred taxes | 16 | €31,557 | €30,359 | -€1,198 | -3.8% |
| Deferred taxes | 168 | €31,557 | €30,359 | -€1,198 | -3.8% |
| Amounts payable | 17/49 | €3,302,328 | €3,233,706 | -€68,622 | -2.1% |
| Amounts payable after more than one year | 17 | €1,006,559 | €912,890 | -€93,669 | -9.3% |
| Financial debts | 170/4 | €1,006,559 | €912,890 | -€93,669 | -9.3% |
| Amounts payable within one year | 42/48 | €2,257,459 | €2,282,206 | +€24,747 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €93,669 | €93,669 | = | 0.0% |
| Trade debts | 44 | €1,086 | €558 | -€527 | -48.6% |
| Suppliers | 440/4 | €1,086 | €558 | -€527 | -48.6% |
| Taxes, remuneration and social security | 45 | €423 | €644 | +€221 | +52.2% |
| Taxes | 450/3 | €423 | €644 | +€221 | +52.2% |
| Other amounts payable | 47/48 | €2,162,280 | €2,187,334 | +€25,054 | +1.2% |
| Accrued charges and deferred income | 492/3 | €38,310 | €38,610 | +€300 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,129 | €79,249 | +€17,120 | +27.6% |
| Other operating charges | 640/8 | €7,174 | €7,152 | -€22 | -0.3% |
| Gross operating margin | 9900 | €49,150 | €46,881 | -€2,270 | -4.6% |
| Operating profit (loss) | 9901 | -€20,153 | -€39,521 | -€19,368 | -96.1% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100% |
| Financial charges | 65/66B | €23,628 | €21,376 | -€2,252 | -9.5% |
| Recurring financial charges | 65 | €23,628 | €21,376 | -€2,252 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,753 | -€60,897 | -€17,144 | -39.2% |
| Transfer from deferred taxes | 780 | €1,198 | €1,198 | = | 0.0% |
| Income taxes | 67/77 | €386 | €532 | +€146 | +37.8% |
| Profit (loss) for the period | 9904 | -€42,941 | -€60,230 | -€17,289 | -40.3% |
| Transfer from tax-exempt reserves | 789 | €3,595 | €3,595 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,346 | -€56,635 | -€17,289 | -43.9% |
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 23 October 2026 via checked.be.