MATAGRI: 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.
MATAGRI
Largest movements
- Tangible fixed assets +€175,962
up €175,962 (+36.9%), from €476,677 to €652,638
- Receivables within one year -€34,555
down €34,555 (-52.5%), from €65,781 to €31,226
of which Trade receivables: -€38,274
- Cash +€11,145
up €11,145 (+25.0%), from €44,613 to €55,758
mainly Depreciation (+€90,612) and Net result for the year (+€86,869)
- Stocks and contracts -€10,669
down €10,669 (-46.3%), from €23,065 to €12,396
- Reserves +€86,869
up €86,869 (+60.3%), from €144,113 to €230,982
of which Tax-exempt reserves: +€86,738
- Debts after one year +€35,123
up €35,123 (+15.1%), from €231,857 to €266,980
- Current portion of long-term debt -€32,400
down €32,400 (-32.3%), from €100,329 to €67,929
- Provisions +€28,913
new in 2025: €28,913
- Trade debts +€27,391
up €27,391 (+185%), from €14,837 to €42,228
- Gross operating margin +€102,096
up €102,096 (+74.3%), from €137,488 to €239,584
- Depreciation -€11,746
down €11,746 (-11.5%), from €102,358 to €90,612
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.
Derived cash bridge
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 | €610,811 | €752,696 | +€141,885 | +23.2% |
| Fixed assets | 21/28 | €476,726 | €652,688 | +€175,962 | +36.9% |
| Tangible fixed assets | 22/27 | €476,677 | €652,638 | +€175,962 | +36.9% |
| Plant, machinery and equipment | 23 | €476,677 | €652,638 | +€175,962 | +36.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €134,085 | €100,009 | -€34,076 | -25.4% |
| Stocks and contracts in progress | 3 | €23,065 | €12,396 | -€10,669 | -46.3% |
| Stocks | 30/36 | €23,065 | €12,396 | -€10,669 | -46.3% |
| Amounts receivable within one year | 40/41 | €65,781 | €31,226 | -€34,555 | -52.5% |
| Trade receivables | 40 | €63,143 | €24,869 | -€38,274 | -60.6% |
| Other amounts receivable | 41 | €2,638 | €6,358 | +€3,719 | +141% |
| Current investments | 50/53 | €625 | €628 | +€3 | +0.4% |
| Cash at bank and in hand | 54/58 | €44,613 | €55,758 | +€11,145 | +25.0% |
| Total equity and liabilities | 10/49 | €610,811 | €752,696 | +€141,885 | +23.2% |
| Equity | 10/15 | €257,639 | €340,412 | +€82,774 | +32.1% |
| Contributions | 10/11 | €109,430 | €109,430 | = | 0.0% |
| Reserves | 13 | €144,113 | €230,982 | +€86,869 | +60.3% |
| Tax-exempt reserves | 132 | - | €86,738 | +€86,738 | |
| Distributable reserves | 133 | €144,113 | €144,245 | +€131 | +0.1% |
| Investment grants | 15 | €4,095 | - | -€4,095 | |
| Provisions and deferred taxes | 16 | - | €28,913 | +€28,913 | |
| Deferred taxes | 168 | - | €28,913 | +€28,913 | |
| Amounts payable | 17/49 | €353,172 | €383,371 | +€30,199 | +8.6% |
| Amounts payable after more than one year | 17 | €231,857 | €266,980 | +€35,123 | +15.1% |
| Financial debts | 170/4 | €231,857 | €266,980 | +€35,123 | +15.1% |
| Amounts payable within one year | 42/48 | €120,300 | €116,324 | -€3,976 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €100,329 | €67,929 | -€32,400 | -32.3% |
| Trade debts | 44 | €14,837 | €42,228 | +€27,391 | +185% |
| Suppliers | 440/4 | €14,837 | €42,228 | +€27,391 | +185% |
| Taxes, remuneration and social security | 45 | €5,135 | €6,168 | +€1,033 | +20.1% |
| Taxes | 450/3 | €205 | €205 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,930 | €5,963 | +€1,033 | +21.0% |
| Accrued charges and deferred income | 492/3 | €1,015 | €67 | -€948 | -93.4% |
| Remuneration, social security and pensions | 62 | €27,615 | €26,843 | -€772 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,358 | €90,612 | -€11,746 | -11.5% |
| Other operating charges | 640/8 | €610 | €625 | +€16 | +2.6% |
| Gross operating margin | 9900 | €137,488 | €239,584 | +€102,096 | +74.3% |
| Operating profit (loss) | 9901 | €6,905 | €121,504 | +€114,599 | +1,660% |
| Financial income | 75/76B | €4,096 | €4,099 | +€3 | +0.1% |
| Recurring financial income | 75 | €4,096 | €4,099 | +€3 | +0.1% |
| Financial charges | 65/66B | €10,718 | €9,617 | -€1,101 | -10.3% |
| Recurring financial charges | 65 | €10,718 | €9,617 | -€1,101 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €283 | €115,986 | +€115,703 | +40,909% |
| Transfer from deferred taxes | 780 | - | €3,213 | +€3,213 | |
| Transfer to deferred taxes | 680 | - | €32,125 | +€32,125 | |
| Income taxes | 67/77 | €205 | €204 | -€1 | -0.6% |
| Profit (loss) for the period | 9904 | €77 | €86,869 | +€86,791 | +112,018% |
| Transfer from tax-exempt reserves | 789 | - | €9,638 | +€9,638 | |
| Transfer to tax-exempt reserves | 689 | - | €96,375 | +€96,375 | |
| Profit (loss) for the period to be appropriated | 9905 | €77 | €131 | +€54 | +69.6% |
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 13 October 2026 via checked.be.