IMMO MATASSA: what changed
Two fiscal 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.
IMMO MATASSA
Largest movements
- Tangible fixed assets -€14,430
down €14,430 (-10.1%), from €142,494 to €128,064
of which Land and buildings: -€13,311
- Debts after one year -€17,764
down €17,764 (-21.4%), from €82,903 to €65,140
- Depreciation -€2,832
down €2,832 (-16.4%), from €17,262 to €14,430
- Purchases and services +€2,044
up €2,044 (+47.1%), from €4,343 to €6,387
- Write-downs +€1,508
new in 2025: €1,508
- Gross operating margin -€1,344
down €1,344 (-6.0%), from €22,557 to €21,213
- Financial charges -€539
down €539 (-15.3%), from €3,518 to €2,979
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 | €179,934 | €163,666 | -€16,268 | -9.0% |
| Formation expenses | 20 | €15,075 | €13,568 | -€1,508 | -10.0% |
| Fixed assets | 21/28 | €147,629 | €133,199 | -€14,430 | -9.8% |
| Tangible fixed assets | 22/27 | €142,494 | €128,064 | -€14,430 | -10.1% |
| Land and buildings | 22 | €140,295 | €126,984 | -€13,311 | -9.5% |
| Plant, machinery and equipment | 23 | €2,198 | €1,080 | -€1,119 | -50.9% |
| Financial fixed assets | 28 | €5,135 | €5,135 | = | 0.0% |
| Current assets | 29/58 | €17,230 | €16,899 | -€331 | -1.9% |
| Amounts receivable within one year | 40/41 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €6,000 | €6,000 | = | 0.0% |
| Current investments | 50/53 | €10,528 | €10,528 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €702 | €372 | -€331 | -47.1% |
| Total equity and liabilities | 10/49 | €179,934 | €163,666 | -€16,268 | -9.0% |
| Equity | 10/15 | €64,689 | €65,629 | +€939 | +1.5% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Capital | 10 | €56,000 | €56,000 | = | 0.0% |
| Issued capital | 100 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €25,319 | €25,319 | = | 0.0% |
| Distributable reserves | 133 | €25,319 | €25,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,630 | -€15,690 | +€939 | +5.6% |
| Amounts payable | 17/49 | €115,245 | €98,037 | -€17,208 | -14.9% |
| Amounts payable after more than one year | 17 | €82,903 | €65,140 | -€17,764 | -21.4% |
| Financial debts | 170/4 | €82,903 | €65,140 | -€17,764 | -21.4% |
| Amounts payable within one year | 42/48 | €32,342 | €32,898 | +€556 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €17,208 | €17,764 | +€556 | +3.2% |
| Other amounts payable | 47/48 | €15,134 | €15,134 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,343 | €6,387 | +€2,044 | +47.1% |
| Remuneration, social security and pensions | 62 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,262 | €14,430 | -€2,832 | -16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,508 | +€1,508 | |
| Other operating charges | 640/8 | €1,316 | €1,357 | +€42 | +3.2% |
| Gross operating margin | 9900 | €22,557 | €21,213 | -€1,344 | -6.0% |
| Operating profit (loss) | 9901 | €3,820 | €3,919 | +€99 | +2.6% |
| Financial charges | 65/66B | €3,518 | €2,979 | -€539 | -15.3% |
| Recurring financial charges | 65 | €3,518 | €2,979 | -€539 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €302 | €939 | +€638 | +211.2% |
| Profit (loss) for the period | 9904 | €302 | €939 | +€638 | +211.2% |
| Profit (loss) for the period to be appropriated | 9905 | €302 | €939 | +€638 | +211.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.