MAATSTAFF: what changed
What changed
MAATSTAFF
NACE 16.230, Manufacture of other builders' carpentry and joinery
filed annual accounts (NBB)
Net result for the year
€78,330
2025 · €53,292+€25,038
Equity
€429,847
2025 · €351,517+€78,330
Cash
€26,717
2025 · €61,874-€35,157
Balance sheet total
€2.0m
2025 · €1.5m+€477,671
Largest movements
Assets
- Tangible fixed assets +€397,953
up €397,953 (+39.0%), from €1.0m to €1.4m
of which Land and buildings: +€417,932
- Receivables within one year +€138,414
up €138,414 (+79.2%), from €174,757 to €313,171
of which Trade receivables: +€130,537
- Cash -€35,157
down €35,157 (-56.8%), from €61,874 to €26,717
mainly Investment in fixed assets (net) (-€490,373) and Receivables within one year (-€138,414)
Equity and liabilities
- Debts after one year +€292,763
up €292,763 (+44.7%), from €655,259 to €948,022
- Other debts +€88,342
up €88,342 (+45.2%), from €195,246 to €283,588
- Reserves +€78,330
up €78,330 (+81.3%), from €96,308 to €174,638
of which Distributable reserves: +€78,330
Income statement
- Gross operating margin +€315,608
up €315,608 (+74.1%), from €425,962 to €741,571
- Write-downs +€106,510
new in 2026: €106,510
- Staff costs +€61,568
up €61,568 (+27.3%), from €225,454 to €287,022
- Other operating charges +€56,056
up €56,056 (+445%), from €12,596 to €68,652
- Depreciation +€48,281
up €48,281 (+79.8%), from €60,513 to €108,793
Change in the result, 2025 to 2026
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 2025
€53,292
Gross operating margin
+€315,608
Staff costs
-€61,568
Depreciation
-€48,281
Write-downs
-€106,510
Provisions
-€8,199
Other operating charges
-€56,056
Financial income
+€1,216
Financial charges
+€518
Taxes
-€11,690
Result 2026
€78,330
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€158,291
Investment
-€490,373
Financing
+€296,926
Cash 2025
€61,874
From operations (derived)
+€158,291
Net result for the year
+€78,330
Depreciation
+€108,793
Stocks and contracts
+€7,166
Receivables within one year
-€138,414
Trade debts
+€9,019
Tax, wage and social debts
+€15,956
Advances received
-€11,897
Other debts
+€88,342
Accrued charges and deferred income
+€995
Investment (derived)
-€490,373
Investment in fixed assets (net)
-€490,373
Financing
+€296,926
Debts after one year
+€292,763
Current portion of long-term debt
+€4,163
Cash 2026
€26,717
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,536,196 | €2,013,867 | +€477,671 | +31.1% |
| Fixed assets | 21/28 | €1,041,279 | €1,422,859 | +€381,580 | +36.6% |
| Intangible fixed assets | 21 | €19,933 | €3,559 | -€16,374 | -82.1% |
| Tangible fixed assets | 22/27 | €1,021,122 | €1,419,075 | +€397,953 | +39.0% |
| Land and buildings | 22 | €939,508 | €1,357,440 | +€417,932 | +44.5% |
| Plant, machinery and equipment | 23 | €67,025 | €56,391 | -€10,633 | -15.9% |
| Furniture and vehicles | 24 | €14,590 | €5,244 | -€9,346 | -64.1% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €494,917 | €591,009 | +€96,092 | +19.4% |
| Stocks and contracts in progress | 3 | €258,286 | €251,121 | -€7,166 | -2.8% |
| Stocks | 30/36 | €72,216 | €95,244 | +€23,028 | +31.9% |
| Contracts in progress | 37 | €186,070 | €155,877 | -€30,193 | -16.2% |
| Amounts receivable within one year | 40/41 | €174,757 | €313,171 | +€138,414 | +79.2% |
| Trade receivables | 40 | €120,381 | €250,918 | +€130,537 | +108% |
| Other amounts receivable | 41 | €54,375 | €62,252 | +€7,877 | +14.5% |
| Cash at bank and in hand | 54/58 | €61,874 | €26,717 | -€35,157 | -56.8% |
| Total equity and liabilities | 10/49 | €1,536,196 | €2,013,867 | +€477,671 | +31.1% |
| Equity | 10/15 | €351,517 | €429,847 | +€78,330 | +22.3% |
| Contributions | 10/11 | €24,750 | €24,750 | = | 0.0% |
| Reserves | 13 | €96,308 | €174,638 | +€78,330 | +81.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €94,448 | €172,778 | +€78,330 | +82.9% |
| Profit (loss) carried forward | 14 | €230,459 | €230,459 | = | 0.0% |
| Amounts payable | 17/49 | €1,184,679 | €1,584,020 | +€399,341 | +33.7% |
| Amounts payable after more than one year | 17 | €655,259 | €948,022 | +€292,763 | +44.7% |
| Financial debts | 170/4 | €655,259 | €948,022 | +€292,763 | +44.7% |
| Amounts payable within one year | 42/48 | €529,325 | €634,908 | +€105,584 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €120,847 | €125,010 | +€4,163 | +3.4% |
| Trade debts | 44 | €164,005 | €173,024 | +€9,019 | +5.5% |
| Suppliers | 440/4 | €164,005 | €173,024 | +€9,019 | +5.5% |
| Advances received on contracts in progress | 46 | €12,382 | €485 | -€11,897 | -96.1% |
| Taxes, remuneration and social security | 45 | €36,846 | €52,802 | +€15,956 | +43.3% |
| Taxes | 450/3 | €10,634 | €16,382 | +€5,748 | +54.1% |
| Remuneration and social security | 454/9 | €26,212 | €36,420 | +€10,208 | +38.9% |
| Other amounts payable | 47/48 | €195,246 | €283,588 | +€88,342 | +45.2% |
| Accrued charges and deferred income | 492/3 | €95 | €1,090 | +€995 | +1,047% |
| Non-recurring operating income | 76A | €1,400 | - | -€1,400 | |
| Remuneration, social security and pensions | 62 | €225,454 | €287,022 | +€61,568 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,513 | €108,793 | +€48,281 | +79.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €106,510 | +€106,510 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,407 | €6,792 | +€8,199 | |
| Other operating charges | 640/8 | €12,596 | €68,652 | +€56,056 | +445% |
| Gross operating margin | 9900 | €425,962 | €741,571 | +€315,608 | +74.1% |
| Operating profit (loss) | 9901 | €128,807 | €163,801 | +€34,995 | +27.2% |
| Financial income | 75/76B | €2,405 | €3,620 | +€1,216 | +50.6% |
| Recurring financial income | 75 | €2,405 | €3,620 | +€1,216 | +50.6% |
| Financial charges | 65/66B | €45,214 | €44,696 | -€518 | -1.1% |
| Recurring financial charges | 65 | €45,214 | €44,696 | -€518 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €85,997 | €122,726 | +€36,728 | +42.7% |
| Income taxes | 67/77 | €32,706 | €44,396 | +€11,690 | +35.7% |
| Profit (loss) for the period | 9904 | €53,292 | €78,330 | +€25,038 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,292 | €78,330 | +€25,038 | +47.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.