Alain Mattelé: what changed
What changed
Alain Mattelé
NACE 25.110, Manufacture of metal structures and parts of structures
filed annual accounts (NBB)
Net result for the year
€33,282
2024 · €63,305-€30,023
Equity
€451,827
2024 · €418,546+€33,282
Cash
€120,174
2024 · €187,068-€66,894
Balance sheet total
€1.1m
2024 · €1.3m-€159,603
Largest movements
Assets
- Tangible fixed assets -€128,173
down €128,173 (-17.9%), from €716,363 to €588,190
- Cash -€66,894
down €66,894 (-35.8%), from €187,068 to €120,174
mainly Debts after one year (-€120,451) and Trade debts (-€56,821)
- Stocks and contracts +€25,049
up €25,049 (+10.7%), from €234,661 to €259,710
of which Stocks: +€15,049
Equity and liabilities
- Debts after one year -€120,451
down €120,451 (-25.5%), from €471,858 to €351,407
- Trade debts -€56,821
down €56,821 (-38.0%), from €149,502 to €92,681
- Reserves +€33,282
up €33,282 (+8.3%), from €399,946 to €433,227
Income statement
- Gross operating margin -€28,726
down €28,726 (-4.3%), from €667,355 to €638,630
- Depreciation +€11,877
up €11,877 (+9.7%), from €122,295 to €134,172
- Staff costs -€6,727
down €6,727 (-1.6%), from €429,874 to €423,147
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€63,305
Gross operating margin
-€28,726
Staff costs
+€6,727
Depreciation
-€11,877
Other operating charges
-€121
Financial income
+€1,139
Financial charges
+€1,305
Taxes
+€1,529
Result 2025
€33,282
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€71,276
Investment
-€5,999
Financing
-€132,171
Cash 2024
€187,068
From operations (derived)
+€71,276
Net result for the year
+€33,282
Depreciation
+€134,172
Stocks and contracts
-€25,049
Receivables within one year
-€8,333
Deferred charges and accrued income
-€2,083
Trade debts
-€56,821
Tax, wage and social debts
+€386
Other debts
-€4,278
Investment (derived)
-€5,999
Investment in fixed assets (net)
-€5,999
Financing
-€132,171
Debts after one year
-€120,451
Current portion of long-term debt
-€11,721
Cash 2025
€120,174
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,277,206 | €1,117,603 | -€159,603 | -12.5% |
| Fixed assets | 21/28 | €716,363 | €588,190 | -€128,173 | -17.9% |
| Tangible fixed assets | 22/27 | €716,363 | €588,190 | -€128,173 | -17.9% |
| Land and buildings | 22 | €192,739 | €142,055 | -€50,684 | -26.3% |
| Plant, machinery and equipment | 23 | €478,104 | €423,196 | -€54,908 | -11.5% |
| Furniture and vehicles | 24 | €45,520 | €22,939 | -€22,581 | -49.6% |
| Current assets | 29/58 | €560,843 | €529,413 | -€31,429 | -5.6% |
| Stocks and contracts in progress | 3 | €234,661 | €259,710 | +€25,049 | +10.7% |
| Stocks | 30/36 | €225,811 | €240,860 | +€15,049 | +6.7% |
| Contracts in progress | 37 | €8,850 | €18,850 | +€10,000 | +113% |
| Amounts receivable within one year | 40/41 | €122,867 | €131,200 | +€8,333 | +6.8% |
| Trade receivables | 40 | €84,934 | €117,521 | +€32,587 | +38.4% |
| Other amounts receivable | 41 | €37,933 | €13,679 | -€24,254 | -63.9% |
| Cash at bank and in hand | 54/58 | €187,068 | €120,174 | -€66,894 | -35.8% |
| Deferred charges and accrued income | 490/1 | €16,247 | €18,330 | +€2,083 | +12.8% |
| Total equity and liabilities | 10/49 | €1,277,206 | €1,117,603 | -€159,603 | -12.5% |
| Equity | 10/15 | €418,546 | €451,827 | +€33,282 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €399,946 | €433,227 | +€33,282 | +8.3% |
| Distributable reserves | 133 | €399,946 | €433,227 | +€33,282 | +8.3% |
| Amounts payable | 17/49 | €858,660 | €665,776 | -€192,884 | -22.5% |
| Amounts payable after more than one year | 17 | €471,858 | €351,407 | -€120,451 | -25.5% |
| Financial debts | 170/4 | €471,858 | €351,407 | -€120,451 | -25.5% |
| Amounts payable within one year | 42/48 | €386,802 | €314,368 | -€72,434 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €137,254 | €125,533 | -€11,721 | -8.5% |
| Trade debts | 44 | €149,502 | €92,681 | -€56,821 | -38.0% |
| Suppliers | 440/4 | €149,502 | €92,681 | -€56,821 | -38.0% |
| Taxes, remuneration and social security | 45 | €53,639 | €54,025 | +€386 | +0.7% |
| Remuneration and social security | 454/9 | €53,639 | €54,025 | +€386 | +0.7% |
| Other amounts payable | 47/48 | €46,407 | €42,129 | -€4,278 | -9.2% |
| Remuneration, social security and pensions | 62 | €429,874 | €423,147 | -€6,727 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,295 | €134,172 | +€11,877 | +9.7% |
| Other operating charges | 640/8 | €9,790 | €9,911 | +€121 | +1.2% |
| Gross operating margin | 9900 | €667,355 | €638,630 | -€28,726 | -4.3% |
| Operating profit (loss) | 9901 | €105,397 | €71,400 | -€33,997 | -32.3% |
| Financial income | 75/76B | €0 | €1,139 | +€1,139 | |
| Recurring financial income | 75 | €0 | €1,139 | +€1,139 | |
| Financial charges | 65/66B | €23,963 | €22,658 | -€1,305 | -5.4% |
| Recurring financial charges | 65 | €23,963 | €22,658 | -€1,305 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €81,434 | €49,881 | -€31,553 | -38.7% |
| Income taxes | 67/77 | €18,129 | €16,600 | -€1,529 | -8.4% |
| Profit (loss) for the period | 9904 | €63,305 | €33,282 | -€30,023 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,305 | €33,282 | -€30,023 | -47.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.