IMMO - MATERNE: 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.
IMMO - MATERNE
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€90,358
up €90,358 (+116.2%), from €77,754 to €168,112
mainly Current investments (+€100,000) and Depreciation (+€59,827)
- Tangible fixed assets -€59,827
down €59,827 (-7.4%), from €808,837 to €749,010
of which Land and buildings: -€48,369
- Receivables within one year +€13,000
up €13,000 (+456.7%), from €2,847 to €15,847
- Deferred charges and accrued income +€10,020
up €10,020 (+200.9%), from €4,987 to €15,007
- Reserves -€50,210
down €50,210 (-7.7%), from €651,422 to €601,212
of which Distributable reserves: -€50,210
- Other debts +€21,115
up €21,115 (+9.1%), from €231,215 to €252,330
- Debts after one year -€14,271
down €14,271 (-78.0%), from €18,297 to €4,026
- Gross operating margin -€49,690
down €49,690 (-27.4%), from €181,311 to €131,620
- Taxes -€12,704
down €12,704 (-45.4%), from €28,008 to €15,303
- Other operating charges -€6,549
down €6,549 (-16.8%), from €38,945 to €32,397
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 | €994,450 | €948,000 | -€46,449 | -4.7% |
| Fixed assets | 21/28 | €808,862 | €749,035 | -€59,827 | -7.4% |
| Tangible fixed assets | 22/27 | €808,837 | €749,010 | -€59,827 | -7.4% |
| Land and buildings | 22 | €774,655 | €726,285 | -€48,369 | -6.2% |
| Plant, machinery and equipment | 23 | €4,499 | €3,884 | -€615 | -13.7% |
| Furniture and vehicles | 24 | €29,683 | €18,840 | -€10,843 | -36.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €185,588 | €198,966 | +€13,378 | +7.2% |
| Amounts receivable within one year | 40/41 | €2,847 | €15,847 | +€13,000 | +456.7% |
| Other amounts receivable | 41 | €2,847 | €15,847 | +€13,000 | +456.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €77,754 | €168,112 | +€90,358 | +116.2% |
| Deferred charges and accrued income | 490/1 | €4,987 | €15,007 | +€10,020 | +200.9% |
| Total equity and liabilities | 10/49 | €994,450 | €948,000 | -€46,449 | -4.7% |
| Equity | 10/15 | €713,422 | €663,212 | -€50,210 | -7.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €651,422 | €601,212 | -€50,210 | -7.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €645,222 | €595,012 | -€50,210 | -7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €281,028 | €284,788 | +€3,760 | +1.3% |
| Amounts payable after more than one year | 17 | €18,297 | €4,026 | -€14,271 | -78.0% |
| Financial debts | 170/4 | €18,297 | €4,026 | -€14,271 | -78.0% |
| Amounts payable within one year | 42/48 | €262,731 | €274,570 | +€11,839 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €22,559 | €14,271 | -€8,288 | -36.7% |
| Trade debts | 44 | €582 | €63 | -€519 | -89.2% |
| Suppliers | 440/4 | €582 | €63 | -€519 | -89.2% |
| Taxes, remuneration and social security | 45 | €8,374 | €7,906 | -€469 | -5.6% |
| Taxes | 450/3 | €8,374 | €7,906 | -€469 | -5.6% |
| Other amounts payable | 47/48 | €231,215 | €252,330 | +€21,115 | +9.1% |
| Accrued charges and deferred income | 492/3 | - | €6,192 | +€6,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,431 | €59,827 | +€395 | +0.7% |
| Other operating charges | 640/8 | €38,945 | €32,397 | -€6,549 | -16.8% |
| Gross operating margin | 9900 | €181,311 | €131,620 | -€49,690 | -27.4% |
| Operating profit (loss) | 9901 | €82,934 | €39,397 | -€43,537 | -52.5% |
| Financial income | 75/76B | €1,606 | €2,706 | +€1,100 | +68.5% |
| Recurring financial income | 75 | €1,606 | €2,706 | +€1,100 | +68.5% |
| Financial charges | 65/66B | €2,804 | €1,779 | -€1,025 | -36.5% |
| Recurring financial charges | 65 | €2,804 | €1,779 | -€1,025 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €81,736 | €40,324 | -€41,412 | -50.7% |
| Income taxes | 67/77 | €28,008 | €15,303 | -€12,704 | -45.4% |
| Profit (loss) for the period | 9904 | €53,728 | €25,020 | -€28,708 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,728 | €25,020 | -€28,708 | -53.4% |
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 12 October 2026 via checked.be.