A.G. MAT: 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.
A.G. MAT
Largest movements
- Cash -€66,386
down €66,386 (-94.7%), from €70,087 to €3,701
mainly Net result for the year (-€35,288) and Debts after one year (-€24,348)
- Profit (loss) carried forward -€35,288
down €35,288 (-102.8%), from -€34,314 to -€69,602
- Debts after one year -€24,348
down €24,348 (-21.9%), from €111,130 to €86,782
- Tax, wage and social debts -€15,802
no longer reported in 2025 (was €15,802)
- Purchases and services +€87,575
new in 2025: €87,575
- Write-downs +€28,000
no longer reported in 2025 (was -€28,000)
- Gross operating margin -€26,270
down €26,270, from €15,367 to -€10,903
- Taxes +€6,495
up €6,495 (+90.5%), from -€7,178 to -€684
- Depreciation +€3,461
up €3,461 (+39.0%), from €8,870 to €12,330
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 | €814,825 | €738,484 | -€76,341 | -9.4% |
| Fixed assets | 21/28 | €717,168 | €713,165 | -€4,003 | -0.6% |
| Tangible fixed assets | 22/27 | €715,668 | €711,665 | -€4,003 | -0.6% |
| Land and buildings | 22 | €685,006 | €711,665 | +€26,659 | +3.9% |
| Plant, machinery and equipment | 23 | €30,662 | - | -€30,662 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €97,657 | €25,319 | -€72,337 | -74.1% |
| Amounts receivable within one year | 40/41 | €27,569 | €21,618 | -€5,951 | -21.6% |
| Trade receivables | 40 | €20,441 | €14,113 | -€6,328 | -31.0% |
| Other amounts receivable | 41 | €7,128 | €7,505 | +€377 | +5.3% |
| Cash at bank and in hand | 54/58 | €70,087 | €3,701 | -€66,386 | -94.7% |
| Total equity and liabilities | 10/49 | €814,825 | €738,484 | -€76,341 | -9.4% |
| Equity | 10/15 | €647,138 | €611,850 | -€35,288 | -5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Share premium | 1100/10 | €18,592 | - | -€18,592 | |
| Revaluation surpluses | 12 | €661,000 | €661,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,314 | -€69,602 | -€35,288 | -102.8% |
| Amounts payable | 17/49 | €167,687 | €126,635 | -€41,053 | -24.5% |
| Amounts payable after more than one year | 17 | €111,130 | €86,782 | -€24,348 | -21.9% |
| Financial debts | 170/4 | €111,130 | €86,782 | -€24,348 | -21.9% |
| Amounts payable within one year | 42/48 | €56,557 | €39,852 | -€16,705 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €20,062 | €21,474 | +€1,412 | +7.0% |
| Trade debts | 44 | €8,832 | €10,445 | +€1,614 | +18.3% |
| Suppliers | 440/4 | €8,832 | €10,445 | +€1,614 | +18.3% |
| Taxes, remuneration and social security | 45 | €15,802 | - | -€15,802 | |
| Taxes | 450/3 | €15,802 | - | -€15,802 | |
| Other amounts payable | 47/48 | €11,861 | €7,933 | -€3,928 | -33.1% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €87,575 | +€87,575 | |
| Remuneration, social security and pensions | 62 | €78 | €237 | +€159 | +204.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,870 | €12,330 | +€3,461 | +39.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,000 | - | +€28,000 | |
| Other operating charges | 640/8 | €8,968 | €9,134 | +€166 | +1.9% |
| Non-recurring operating charges | 66A | €28,179 | - | -€28,179 | |
| Gross operating margin | 9900 | €15,367 | -€10,903 | -€26,270 | |
| Operating profit (loss) | 9901 | -€2,727 | -€32,604 | -€29,877 | -1095.6% |
| Financial income | 75/76B | €1,153 | €577 | -€575 | -49.9% |
| Recurring financial income | 75 | €1,153 | €577 | -€575 | -49.9% |
| Financial charges | 65/66B | €4,229 | €3,944 | -€284 | -6.7% |
| Recurring financial charges | 65 | €4,229 | €3,944 | -€284 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,803 | -€35,971 | -€30,169 | -519.9% |
| Income taxes | 67/77 | -€7,178 | -€684 | +€6,495 | +90.5% |
| Profit (loss) for the period | 9904 | €1,376 | -€35,288 | -€36,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,376 | -€35,288 | -€36,663 |
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 9 October 2026 via checked.be.