ATELIERS MATHAR: 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.
ATELIERS MATHAR
Largest movements
- Receivables within one year -€16,084
down €16,084 (-47.3%), from €34,020 to €17,936
of which Trade receivables: -€21,947
- Deferred charges and accrued income +€15,645
up €15,645 (+649%), from €2,412 to €18,057
- Tangible fixed assets -€15,384
down €15,384 (-3.1%), from €493,376 to €477,992
of which Land and buildings: -€26,086
- Cash -€13,920
down €13,920 (-23.4%), from €59,468 to €45,548
mainly Investment in fixed assets (net) (-€37,119) and Debts after one year (-€18,508)
- Debts after one year -€18,508
down €18,508 (-5.1%), from €365,189 to €346,682
of which Financial debts: -€18,508
- Trade debts -€14,595
down €14,595 (-51.7%), from €28,240 to €13,645
- Other operating charges +€6,962
up €6,962 (+145%), from €4,817 to €11,779
- Depreciation +€6,208
up €6,208 (+13.1%), from €47,431 to €53,639
- Gross operating margin +€2,622
up €2,622 (+2.1%), from €127,607 to €130,229
- Staff costs +€2,017
up €2,017 (+5.0%), from €40,538 to €42,555
- Financial income +€1,880
up €1,880 (+211%), from €890 to €2,770
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 | €611,525 | €584,679 | -€26,847 | -4.4% |
| Fixed assets | 21/28 | €495,104 | €478,584 | -€16,520 | -3.3% |
| Intangible fixed assets | 21 | €1,708 | €572 | -€1,136 | -66.5% |
| Tangible fixed assets | 22/27 | €493,376 | €477,992 | -€15,384 | -3.1% |
| Land and buildings | 22 | €425,051 | €398,965 | -€26,086 | -6.1% |
| Plant, machinery and equipment | 23 | €13,593 | €11,227 | -€2,366 | -17.4% |
| Furniture and vehicles | 24 | €11,377 | €4,578 | -€6,799 | -59.8% |
| Leasing and similar rights | 25 | €43,355 | €63,222 | +€19,867 | +45.8% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €116,421 | €106,094 | -€10,327 | -8.9% |
| Stocks and contracts in progress | 3 | €20,521 | €24,554 | +€4,033 | +19.7% |
| Stocks | 30/36 | €19,668 | €20,425 | +€757 | +3.8% |
| Contracts in progress | 37 | €854 | €4,129 | +€3,275 | +384% |
| Amounts receivable within one year | 40/41 | €34,020 | €17,936 | -€16,084 | -47.3% |
| Trade receivables | 40 | €33,676 | €11,729 | -€21,947 | -65.2% |
| Other amounts receivable | 41 | €344 | €6,207 | +€5,863 | +1,702% |
| Cash at bank and in hand | 54/58 | €59,468 | €45,548 | -€13,920 | -23.4% |
| Deferred charges and accrued income | 490/1 | €2,412 | €18,057 | +€15,645 | +649% |
| Total equity and liabilities | 10/49 | €611,525 | €584,679 | -€26,847 | -4.4% |
| Equity | 10/15 | €142,353 | €148,451 | +€6,097 | +4.3% |
| Contributions | 10/11 | €20,625 | €20,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,191 | €115,943 | +€5,753 | +5.2% |
| Investment grants | 15 | €11,537 | €11,882 | +€345 | +3.0% |
| Amounts payable | 17/49 | €469,172 | €436,228 | -€32,944 | -7.0% |
| Amounts payable after more than one year | 17 | €365,189 | €346,682 | -€18,508 | -5.1% |
| Financial debts | 170/4 | €363,389 | €344,882 | -€18,508 | -5.1% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,353 | €85,819 | -€15,534 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €43,576 | €48,401 | +€4,825 | +11.1% |
| Trade debts | 44 | €28,240 | €13,645 | -€14,595 | -51.7% |
| Suppliers | 440/4 | €28,240 | €13,645 | -€14,595 | -51.7% |
| Taxes, remuneration and social security | 45 | €12,070 | €12,322 | +€252 | +2.1% |
| Taxes | 450/3 | €3,956 | €6,518 | +€2,562 | +64.8% |
| Remuneration and social security | 454/9 | €8,114 | €5,804 | -€2,310 | -28.5% |
| Other amounts payable | 47/48 | €17,468 | €11,451 | -€6,017 | -34.4% |
| Accrued charges and deferred income | 492/3 | €2,630 | €3,728 | +€1,098 | +41.7% |
| Non-recurring operating income | 76A | €13,172 | €579 | -€12,594 | -95.6% |
| Remuneration, social security and pensions | 62 | €40,538 | €42,555 | +€2,017 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,431 | €53,639 | +€6,208 | +13.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €78 | €0 | -€78 | -100% |
| Other operating charges | 640/8 | €4,817 | €11,779 | +€6,962 | +145% |
| Gross operating margin | 9900 | €127,607 | €130,229 | +€2,622 | +2.1% |
| Operating profit (loss) | 9901 | €34,743 | €22,256 | -€12,488 | -35.9% |
| Financial income | 75/76B | €890 | €2,770 | +€1,880 | +211% |
| Recurring financial income | 75 | €890 | €2,770 | +€1,880 | +211% |
| Financial charges | 65/66B | €15,845 | €16,699 | +€854 | +5.4% |
| Recurring financial charges | 65 | €15,845 | €16,699 | +€854 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €19,788 | €8,327 | -€11,462 | -57.9% |
| Income taxes | 67/77 | €200 | €1,741 | +€1,542 | +772% |
| Profit (loss) for the period | 9904 | €19,589 | €6,586 | -€13,003 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,589 | €6,586 | -€13,003 | -66.4% |
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 13 October 2026 via checked.be.