Mat & Deco: 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.
Mat & Deco
Largest movements
- Receivables within one year +€41,662
up €41,662 (+21.8%), from €190,884 to €232,546
of which Trade receivables: +€79,063
- Stocks and contracts -€26,173
down €26,173 (-5.7%), from €460,446 to €434,273
- Cash -€21,347
down €21,347 (-77.1%), from €27,696 to €6,349
mainly Trade debts (-€84,464) and Receivables within one year (-€41,662)
- Tangible fixed assets -€12,034
down €12,034 (-6.7%), from €179,634 to €167,600
of which Furniture and vehicles: -€6,246
- Trade debts -€84,464
down €84,464 (-49.9%), from €169,270 to €84,806
- Profit (loss) carried forward +€59,533
up €59,533 (+55.0%), from -€108,231 to -€48,698
- Advances received +€17,260
new in 2024: €17,260
- Debts after one year -€9,861
down €9,861 (-16.9%), from €58,358 to €48,497
- Gross operating margin +€111,240
up €111,240 (+97.6%), from €114,022 to €225,262
- Staff costs +€41,611
up €41,611 (+40.4%), from €103,009 to €144,620
- Financial income +€9,750
up €9,750 (+648.2%), from €1,504 to €11,254
- Other operating charges +€7,162
up €7,162 (+851.4%), from €841 to €8,003
- Depreciation +€3,616
up €3,616 (+43.0%), from €8,418 to €12,034
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,660 | €840,769 | -€17,892 | -2.1% |
| Fixed assets | 21/28 | €179,634 | €167,600 | -€12,034 | -6.7% |
| Tangible fixed assets | 22/27 | €179,634 | €167,600 | -€12,034 | -6.7% |
| Land and buildings | 22 | €88,634 | €85,417 | -€3,216 | -3.6% |
| Plant, machinery and equipment | 23 | €64,006 | €61,434 | -€2,572 | -4.0% |
| Furniture and vehicles | 24 | €26,995 | €20,749 | -€6,246 | -23.1% |
| Current assets | 29/58 | €679,026 | €673,168 | -€5,857 | -0.9% |
| Stocks and contracts in progress | 3 | €460,446 | €434,273 | -€26,173 | -5.7% |
| Stocks | 30/36 | €460,446 | €434,273 | -€26,173 | -5.7% |
| Amounts receivable within one year | 40/41 | €190,884 | €232,546 | +€41,662 | +21.8% |
| Trade receivables | 40 | €112,242 | €191,305 | +€79,063 | +70.4% |
| Other amounts receivable | 41 | €78,642 | €41,241 | -€37,401 | -47.6% |
| Cash at bank and in hand | 54/58 | €27,696 | €6,349 | -€21,347 | -77.1% |
| Total equity and liabilities | 10/49 | €858,660 | €840,769 | -€17,892 | -2.1% |
| Equity | 10/15 | €334,942 | €394,475 | +€59,533 | +17.8% |
| Contributions | 10/11 | €271,673 | €271,673 | = | 0.0% |
| Reserves | 13 | €171,500 | €171,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,167 | €27,167 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,167 | €27,167 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,628 | €19,628 | = | 0.0% |
| Distributable reserves | 133 | €124,705 | €124,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,231 | -€48,698 | +€59,533 | +55.0% |
| Amounts payable | 17/49 | €523,719 | €446,294 | -€77,425 | -14.8% |
| Amounts payable after more than one year | 17 | €58,358 | €48,497 | -€9,861 | -16.9% |
| Financial debts | 170/4 | €58,358 | €48,497 | -€9,861 | -16.9% |
| Amounts payable within one year | 42/48 | €465,361 | €397,797 | -€67,564 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €9,681 | €9,861 | +€180 | +1.9% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €169,270 | €84,806 | -€84,464 | -49.9% |
| Suppliers | 440/4 | €169,270 | €84,806 | -€84,464 | -49.9% |
| Advances received on contracts in progress | 46 | - | €17,260 | +€17,260 | |
| Taxes, remuneration and social security | 45 | €36,410 | €30,870 | -€5,540 | -15.2% |
| Taxes | 450/3 | €17,799 | €13,324 | -€4,475 | -25.1% |
| Remuneration and social security | 454/9 | €18,612 | €17,546 | -€1,065 | -5.7% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Non-recurring operating income | 76A | €21,000 | - | -€21,000 | |
| Remuneration, social security and pensions | 62 | €103,009 | €144,620 | +€41,611 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,418 | €12,034 | +€3,616 | +43.0% |
| Other operating charges | 640/8 | €841 | €8,003 | +€7,162 | +851.4% |
| Gross operating margin | 9900 | €114,022 | €225,262 | +€111,240 | +97.6% |
| Operating profit (loss) | 9901 | €1,755 | €60,605 | +€58,851 | +3354.2% |
| Financial income | 75/76B | €1,504 | €11,254 | +€9,750 | +648.2% |
| Recurring financial income | 75 | €1,504 | €11,254 | +€9,750 | +648.2% |
| Financial charges | 65/66B | €13,708 | €12,326 | -€1,382 | -10.1% |
| Recurring financial charges | 65 | €13,708 | €12,326 | -€1,382 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,449 | €59,533 | +€69,982 | |
| Profit (loss) for the period | 9904 | -€10,449 | €59,533 | +€69,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,449 | €59,533 | +€69,982 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.