MAT-IMMO: 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.
MAT-IMMO
Largest movements
- Receivables within one year +€45,301
up €45,301 (+85.5%), from €52,957 to €98,258
of which Trade receivables: +€49,516
- Tangible fixed assets -€27,020
down €27,020 (-9.3%), from €290,677 to €263,657
of which Land and buildings: -€14,895
- Cash -€18,578
no longer reported in 2025 (was €18,578)
mainly Receivables within one year (-€45,301) and Debts after one year (-€39,426)
- Debts after one year -€39,426
down €39,426 (-39.4%), from €99,947 to €60,521
- Profit (loss) carried forward +€24,803
up €24,803 (+33.1%), from -€74,987 to -€50,184
- Tax, wage and social debts -€18,835
down €18,835 (-54.5%), from €34,568 to €15,733
of which Remuneration and social security: -€21,605
- Other debts +€16,872
up €16,872 (+23.7%), from €71,222 to €88,094
- Trade debts +€15,728
up €15,728 (+42.7%), from €36,846 to €52,574
- Gross operating margin -€168,147
down €168,147 (-65.7%), from €255,983 to €87,836
- Staff costs -€115,972
down €115,972 (-83.5%), from €138,969 to €22,997
- Other operating charges -€14,009
down €14,009 (-74.7%), from €18,747 to €4,738
- Financial income +€7,021
up €7,021 (+33164.1%), from €21 to €7,042
- Financial charges -€5,571
down €5,571 (-60.5%), from €9,216 to €3,645
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 | €362,707 | €363,592 | +€885 | +0.2% |
| Fixed assets | 21/28 | €290,677 | €263,657 | -€27,020 | -9.3% |
| Tangible fixed assets | 22/27 | €290,677 | €263,657 | -€27,020 | -9.3% |
| Land and buildings | 22 | €255,738 | €240,843 | -€14,895 | -5.8% |
| Plant, machinery and equipment | 23 | €13,708 | €14,290 | +€582 | +4.2% |
| Furniture and vehicles | 24 | €21,231 | €8,524 | -€12,707 | -59.9% |
| Current assets | 29/58 | €72,030 | €99,935 | +€27,905 | +38.7% |
| Amounts receivable within one year | 40/41 | €52,957 | €98,258 | +€45,301 | +85.5% |
| Trade receivables | 40 | €39,997 | €89,513 | +€49,516 | +123.8% |
| Other amounts receivable | 41 | €12,960 | €8,745 | -€4,215 | -32.5% |
| Cash at bank and in hand | 54/58 | €18,578 | - | -€18,578 | |
| Deferred charges and accrued income | 490/1 | €496 | €1,677 | +€1,181 | +238.4% |
| Total equity and liabilities | 10/49 | €362,707 | €363,592 | +€885 | +0.2% |
| Equity | 10/15 | €91,554 | €116,357 | +€24,803 | +27.1% |
| Contributions | 10/11 | €158,235 | €158,235 | +€0 | 0.0% |
| Reserves | 13 | €8,305 | €8,306 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €4,418 | €4,418 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,418 | €4,418 | +€0 | 0.0% |
| Distributable reserves | 133 | €3,888 | €3,888 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€74,987 | -€50,184 | +€24,803 | +33.1% |
| Amounts payable | 17/49 | €271,154 | €247,235 | -€23,919 | -8.8% |
| Amounts payable after more than one year | 17 | €99,947 | €60,521 | -€39,426 | -39.4% |
| Financial debts | 170/4 | €99,947 | €60,521 | -€39,426 | -39.4% |
| Amounts payable within one year | 42/48 | €171,161 | €186,714 | +€15,553 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €28,525 | €30,295 | +€1,770 | +6.2% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €36,846 | €52,574 | +€15,728 | +42.7% |
| Suppliers | 440/4 | €36,846 | €52,574 | +€15,728 | +42.7% |
| Taxes, remuneration and social security | 45 | €34,568 | €15,733 | -€18,835 | -54.5% |
| Taxes | 450/3 | €12,963 | €15,733 | +€2,770 | +21.4% |
| Remuneration and social security | 454/9 | €21,605 | - | -€21,605 | |
| Other amounts payable | 47/48 | €71,222 | €88,094 | +€16,872 | +23.7% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Remuneration, social security and pensions | 62 | €138,969 | €22,997 | -€115,972 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,097 | €29,310 | +€4,213 | +16.8% |
| Other operating charges | 640/8 | €18,747 | €4,738 | -€14,009 | -74.7% |
| Gross operating margin | 9900 | €255,983 | €87,836 | -€168,147 | -65.7% |
| Operating profit (loss) | 9901 | €73,171 | €30,791 | -€42,380 | -57.9% |
| Financial income | 75/76B | €21 | €7,042 | +€7,021 | +33164.1% |
| Recurring financial income | 75 | €21 | €7,042 | +€7,021 | +33164.1% |
| Financial charges | 65/66B | €9,216 | €3,645 | -€5,571 | -60.5% |
| Recurring financial charges | 65 | €9,216 | €3,645 | -€5,571 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €63,976 | €34,188 | -€29,788 | -46.6% |
| Income taxes | 67/77 | €7,580 | €9,385 | +€1,805 | +23.8% |
| Profit (loss) for the period | 9904 | €56,396 | €24,803 | -€31,593 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,396 | €24,803 | -€31,593 | -56.0% |
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 10 October 2026 via checked.be.