MATAGNE & FILS: 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.
MATAGNE & FILS
Largest movements
- Tangible fixed assets +€109,378
up €109,378 (+106%), from €103,133 to €212,511
of which Land and buildings: +€118,438
- Receivables after one year -€17,500
down €17,500 (-71.4%), from €24,500 to €7,000
- Cash +€10,281
up €10,281 (+1,222%), from €841 to €11,122
mainly Debts after one year (+€83,483) and Depreciation (+€31,415)
- Receivables within one year +€6,525
up €6,525 (+10.2%), from €63,888 to €70,413
of which Trade receivables: +€12,191
- Stocks and contracts -€6,175
down €6,175 (-39.9%), from €15,460 to €9,285
- Debts after one year +€83,483
up €83,483 (+750%), from €11,135 to €94,618
- Trade debts +€17,756
up €17,756 (+97.3%), from €18,258 to €36,014
- Tax, wage and social debts +€12,772
up €12,772 (+140%), from €9,137 to €21,909
of which Taxes: +€12,330
- Other debts -€12,568
down €12,568 (-69.1%), from €18,186 to €5,618
- Short-term financial debts -€6,052
no longer reported in 2024 (was €6,052)
- Staff costs -€29,232
down €29,232 (-74.2%), from €39,389 to €10,157
- Gross operating margin -€25,204
down €25,204 (-30.0%), from €83,935 to €58,731
- Depreciation +€8,631
up €8,631 (+37.9%), from €22,784 to €31,415
- Financial charges +€3,383
up €3,383 (+86.2%), from €3,922 to €7,305
- Taxes -€2,764
down €2,764 (-43.1%), from €6,411 to €3,647
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.
Derived cash bridge
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 | €210,085 | €311,816 | +€101,731 | +48.4% |
| Formation expenses | 20 | €2,082 | €833 | -€1,249 | -60.0% |
| Fixed assets | 21/28 | €103,313 | €212,691 | +€109,378 | +106% |
| Tangible fixed assets | 22/27 | €103,133 | €212,511 | +€109,378 | +106% |
| Land and buildings | 22 | - | €118,438 | +€118,438 | |
| Plant, machinery and equipment | 23 | €43,595 | €43,958 | +€363 | +0.8% |
| Furniture and vehicles | 24 | €59,538 | €50,115 | -€9,423 | -15.8% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €104,689 | €98,292 | -€6,397 | -6.1% |
| Amounts receivable after more than one year | 29 | €24,500 | €7,000 | -€17,500 | -71.4% |
| Other amounts receivable | 291 | €24,500 | €7,000 | -€17,500 | -71.4% |
| Stocks and contracts in progress | 3 | €15,460 | €9,285 | -€6,175 | -39.9% |
| Stocks | 30/36 | €15,460 | €9,285 | -€6,175 | -39.9% |
| Amounts receivable within one year | 40/41 | €63,888 | €70,413 | +€6,525 | +10.2% |
| Trade receivables | 40 | €43,087 | €55,278 | +€12,191 | +28.3% |
| Other amounts receivable | 41 | €20,801 | €15,135 | -€5,666 | -27.2% |
| Cash at bank and in hand | 54/58 | €841 | €11,122 | +€10,281 | +1,222% |
| Deferred charges and accrued income | 490/1 | - | €473 | +€473 | |
| Total equity and liabilities | 10/49 | €210,085 | €311,816 | +€101,731 | +48.4% |
| Equity | 10/15 | €141,326 | €142,630 | +€1,304 | +0.9% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €132,584 | €133,884 | +€1,300 | +1.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €130,725 | €132,025 | +€1,300 | +1.0% |
| Profit (loss) carried forward | 14 | €65 | €69 | +€4 | +6.5% |
| Amounts payable | 17/49 | €68,759 | €169,186 | +€100,427 | +146% |
| Amounts payable after more than one year | 17 | €11,135 | €94,618 | +€83,483 | +750% |
| Financial debts | 170/4 | €11,135 | €94,618 | +€83,483 | +750% |
| Amounts payable within one year | 42/48 | €57,624 | €74,568 | +€16,944 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €5,992 | €11,028 | +€5,036 | +84.0% |
| Financial debts | 43 | €6,052 | - | -€6,052 | |
| Credit institutions | 430/8 | €6,052 | - | -€6,052 | |
| Trade debts | 44 | €18,258 | €36,014 | +€17,756 | +97.3% |
| Suppliers | 440/4 | €18,258 | €36,014 | +€17,756 | +97.3% |
| Taxes, remuneration and social security | 45 | €9,137 | €21,909 | +€12,772 | +140% |
| Taxes | 450/3 | €9,073 | €21,403 | +€12,330 | +136% |
| Remuneration and social security | 454/9 | €64 | €506 | +€442 | +691% |
| Other amounts payable | 47/48 | €18,186 | €5,618 | -€12,568 | -69.1% |
| Remuneration, social security and pensions | 62 | €39,389 | €10,157 | -€29,232 | -74.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,784 | €31,415 | +€8,631 | +37.9% |
| Other operating charges | 640/8 | €357 | €394 | +€38 | +10.5% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €83,935 | €58,731 | -€25,204 | -30.0% |
| Operating profit (loss) | 9901 | €21,405 | €16,765 | -€4,640 | -21.7% |
| Financial income | 75/76B | €593 | €691 | +€99 | +16.7% |
| Recurring financial income | 75 | €593 | €473 | -€120 | -20.3% |
| Non-recurring financial income | 76B | - | €219 | +€219 | |
| Financial charges | 65/66B | €3,922 | €7,305 | +€3,383 | +86.2% |
| Recurring financial charges | 65 | €3,922 | €7,305 | +€3,383 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | €18,075 | €10,151 | -€7,924 | -43.8% |
| Income taxes | 67/77 | €6,411 | €3,647 | -€2,764 | -43.1% |
| Profit (loss) for the period | 9904 | €11,664 | €6,504 | -€5,160 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,664 | €6,504 | -€5,160 | -44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.