MAT-GAB: 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-GAB
Largest movements
- Tangible fixed assets +€148,489
up €148,489 (+958.9%), from €15,486 to €163,974
of which Land and buildings: +€152,000
- Stocks and contracts -€48,325
down €48,325 (-63.2%), from €76,471 to €28,146
- Receivables within one year +€39,165
up €39,165 (+19.7%), from €198,736 to €237,901
of which Other amounts receivable: +€131,058
- Debts after one year +€137,356
new in 2022: €137,356
- Reserves +€91,666
up €91,666 (+498.8%), from €18,376 to €110,042
- Other debts -€74,238
down €74,238 (-79.5%), from €93,424 to €19,186
- Current portion of long-term debt -€14,482
down €14,482 (-67.0%), from €21,625 to €7,143
- Accrued charges and deferred income -€9,280
no longer reported in 2022 (was €9,280)
- Gross operating margin +€169,068
up €169,068 (+200.2%), from €84,436 to €253,505
- Staff costs +€43,502
up €43,502 (+88.5%), from €49,181 to €92,683
- Other operating charges +€28,035
up €28,035 (+1029.2%), from €2,724 to €30,759
- Taxes +€11,759
up €11,759 (+274.8%), from €4,279 to €16,038
- Depreciation +€9,440
up €9,440 (+455.8%), from €2,071 to €11,511
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €292,404 | €432,561 | +€140,157 | +47.9% |
| Fixed assets | 21/28 | €15,486 | €163,974 | +€148,489 | +958.9% |
| Tangible fixed assets | 22/27 | €15,486 | €163,974 | +€148,489 | +958.9% |
| Land and buildings | 22 | - | €152,000 | +€152,000 | |
| Plant, machinery and equipment | 23 | €15,486 | €11,974 | -€3,511 | -22.7% |
| Current assets | 29/58 | €276,919 | €268,587 | -€8,332 | -3.0% |
| Stocks and contracts in progress | 3 | €76,471 | €28,146 | -€48,325 | -63.2% |
| Stocks | 30/36 | €76,471 | €28,146 | -€48,325 | -63.2% |
| Amounts receivable within one year | 40/41 | €198,736 | €237,901 | +€39,165 | +19.7% |
| Trade receivables | 40 | €122,884 | €30,990 | -€91,893 | -74.8% |
| Other amounts receivable | 41 | €75,852 | €206,910 | +€131,058 | +172.8% |
| Cash at bank and in hand | 54/58 | €36 | €2,540 | +€2,504 | +6874.9% |
| Deferred charges and accrued income | 490/1 | €1,676 | - | -€1,676 | |
| Total equity and liabilities | 10/49 | €292,404 | €432,561 | +€140,157 | +47.9% |
| Equity | 10/15 | €23,376 | €115,042 | +€91,666 | +392.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,376 | €110,042 | +€91,666 | +498.8% |
| Distributable reserves | 133 | €18,376 | €110,042 | +€91,666 | +498.8% |
| Amounts payable | 17/49 | €269,028 | €317,519 | +€48,491 | +18.0% |
| Amounts payable after more than one year | 17 | - | €137,356 | +€137,356 | |
| Financial debts | 170/4 | - | €137,356 | +€137,356 | |
| Amounts payable within one year | 42/48 | €259,748 | €180,163 | -€79,585 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €21,625 | €7,143 | -€14,482 | -67.0% |
| Trade debts | 44 | €87,475 | €87,394 | -€81 | -0.1% |
| Suppliers | 440/4 | €87,475 | €87,394 | -€81 | -0.1% |
| Taxes, remuneration and social security | 45 | €57,224 | €66,441 | +€9,216 | +16.1% |
| Taxes | 450/3 | €57,224 | €66,441 | +€9,216 | +16.1% |
| Other amounts payable | 47/48 | €93,424 | €19,186 | -€74,238 | -79.5% |
| Accrued charges and deferred income | 492/3 | €9,280 | - | -€9,280 | |
| Remuneration, social security and pensions | 62 | €49,181 | €92,683 | +€43,502 | +88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,071 | €11,511 | +€9,440 | +455.8% |
| Other operating charges | 640/8 | €2,724 | €30,759 | +€28,035 | +1029.2% |
| Gross operating margin | 9900 | €84,436 | €253,505 | +€169,068 | +200.2% |
| Operating profit (loss) | 9901 | €30,460 | €118,551 | +€88,090 | +289.2% |
| Financial income | 75/76B | €196 | €2 | -€195 | -99.1% |
| Recurring financial income | 75 | €196 | €2 | -€195 | -99.1% |
| Financial charges | 65/66B | €8,002 | €10,849 | +€2,847 | +35.6% |
| Recurring financial charges | 65 | €3,324 | €7,233 | +€3,910 | +117.6% |
| Non-recurring financial charges | 66B | €4,678 | €3,616 | -€1,062 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €22,655 | €107,703 | +€85,048 | +375.4% |
| Income taxes | 67/77 | €4,279 | €16,038 | +€11,759 | +274.8% |
| Profit (loss) for the period | 9904 | €18,376 | €91,666 | +€73,289 | +398.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,376 | €91,666 | +€73,289 | +398.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2021 and 31 March 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.