CEDRIC MATTART: what changed
CEDRIC MATTART
Largest movements
- Cash -€114,392
down €114,392 (-29.6%), from €386,915 to €272,523
mainly Trade debts (-€107,707) and Tax, wage and social debts (-€78,997)
- Receivables within one year +€69,845
up €69,845 (+17.1%), from €408,373 to €478,218
of which Other amounts receivable: +€103,261
- Tangible fixed assets -€33,951
down €33,951 (-7.2%), from €471,634 to €437,683
of which Furniture and vehicles: -€35,225
- Financial fixed assets +€29,700
up €29,700 (+12.7%), from €234,287 to €263,987
- Profit (loss) carried forward +€170,568
up €170,568 (+23.1%), from €739,025 to €909,593
- Trade debts -€107,707
down €107,707 (-49.4%), from €217,868 to €110,161
- Tax, wage and social debts -€78,997
down €78,997 (-28.0%), from €282,433 to €203,436
- Debts after one year -€29,782
down €29,782 (-18.7%), from €158,968 to €129,186
- Gross operating margin -€55,738
down €55,738 (-12.6%), from €442,265 to €386,527
- Other operating charges +€31,828
up €31,828 (+644%), from €4,943 to €36,771
- Depreciation +€24,191
up €24,191 (+79.5%), from €30,441 to €54,632
- Taxes -€10,239
down €10,239 (-11.3%), from €90,239 to €80,000
- Staff costs +€9,653
up €9,653 (+31.0%), from €31,150 to €40,803
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,501,389 | €1,452,591 | -€48,798 | -3.3% |
| Fixed assets | 21/28 | €705,921 | €701,670 | -€4,251 | -0.6% |
| Tangible fixed assets | 22/27 | €471,634 | €437,683 | -€33,951 | -7.2% |
| Land and buildings | 22 | €30,382 | €28,822 | -€1,560 | -5.1% |
| Furniture and vehicles | 24 | €130,711 | €95,486 | -€35,225 | -26.9% |
| Other tangible fixed assets | 26 | €310,540 | €313,375 | +€2,835 | +0.9% |
| Financial fixed assets | 28 | €234,287 | €263,987 | +€29,700 | +12.7% |
| Current assets | 29/58 | €795,468 | €750,921 | -€44,547 | -5.6% |
| Amounts receivable within one year | 40/41 | €408,373 | €478,218 | +€69,845 | +17.1% |
| Trade receivables | 40 | €33,416 | €0 | -€33,416 | -100% |
| Other amounts receivable | 41 | €374,957 | €478,218 | +€103,261 | +27.5% |
| Cash at bank and in hand | 54/58 | €386,915 | €272,523 | -€114,392 | -29.6% |
| Deferred charges and accrued income | 490/1 | €180 | €180 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,501,389 | €1,452,591 | -€48,798 | -3.3% |
| Equity | 10/15 | €759,485 | €930,053 | +€170,568 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €739,025 | €909,593 | +€170,568 | +23.1% |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €691,904 | €472,538 | -€219,366 | -31.7% |
| Amounts payable after more than one year | 17 | €158,968 | €129,186 | -€29,782 | -18.7% |
| Financial debts | 170/4 | €158,968 | €129,186 | -€29,782 | -18.7% |
| Amounts payable within one year | 42/48 | €532,936 | €343,352 | -€189,584 | -35.6% |
| Current portion of amounts payable after more than one year | 42 | €32,635 | €29,755 | -€2,880 | -8.8% |
| Trade debts | 44 | €217,868 | €110,161 | -€107,707 | -49.4% |
| Suppliers | 440/4 | €217,868 | €110,161 | -€107,707 | -49.4% |
| Taxes, remuneration and social security | 45 | €282,433 | €203,436 | -€78,997 | -28.0% |
| Taxes | 450/3 | €282,433 | €203,436 | -€78,997 | -28.0% |
| Remuneration, social security and pensions | 62 | €31,150 | €40,803 | +€9,653 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,441 | €54,632 | +€24,191 | +79.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,911 | - | -€5,911 | |
| Other operating charges | 640/8 | €4,943 | €36,771 | +€31,828 | +644% |
| Gross operating margin | 9900 | €442,265 | €386,527 | -€55,738 | -12.6% |
| Operating profit (loss) | 9901 | €369,820 | €254,321 | -€115,499 | -31.2% |
| Financial income | 75/76B | €7,193 | - | -€7,193 | |
| Recurring financial income | 75 | €7,193 | - | -€7,193 | |
| Financial charges | 65/66B | €4,970 | €3,752 | -€1,218 | -24.5% |
| Recurring financial charges | 65 | €4,970 | €3,752 | -€1,218 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €372,044 | €250,569 | -€121,475 | -32.7% |
| Income taxes | 67/77 | €90,239 | €80,000 | -€10,239 | -11.3% |
| Profit (loss) for the period | 9904 | €281,804 | €170,569 | -€111,235 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €281,804 | €170,569 | -€111,235 | -39.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.