MATANZA: 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.
What changed
MATANZA
NACE 10.111, Manufacture of food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€26,967
2024 · -€67,587+€94,554
Equity
€1.9m
2024 · €1.8m+€33,737
Cash
€196,755
2024 · €238,755-€42,000
Balance sheet total
€9.2m
2024 · €8.3m+€827,990
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+37.2%), from €3.1m to €4.3m
of which Trade receivables: +€1.4m
- Tangible fixed assets -€332,916
down €332,916 (-7.1%), from €4.7m to €4.3m
of which Plant, machinery and equipment: -€290,210
Equity and liabilities
- Trade debts +€657,858
up €657,858 (+21.4%), from €3.1m to €3.7m
- Short-term financial debts +€300,000
new in 2025: €300,000
- Current portion of long-term debt -€299,325
down €299,325 (-54.9%), from €545,298 to €245,973
- Other debts +€273,779
up €273,779 (+80.1%), from €341,625 to €615,404
- Debts after one year -€245,973
down €245,973 (-10.7%), from €2.3m to €2.0m
Income statement
- Turnover +€15.7m
up €15.7m (+56.1%), from €28.0m to €43.8m
- Goods and materials +€14.6m
up €14.6m (+59.9%), from €24.4m to €39.0m
of which Purchases: +€14.5m
- Services and other goods +€602,363
up €602,363 (+27.8%), from €2.2m to €2.8m
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.
Result 2024
-€67,587
Turnover
+€15.7m
Other operating income
-€5,828
Goods and materials
-€14.6m
Services and other goods
-€602,363
Staff costs
-€239,296
Depreciation
-€108,900
Other operating charges
-€76,351
Financial income
-€4,562
Financial charges
-€10,741
Taxes
-€1,095
Deferred taxes and other
+€518
Result 2025
€26,967
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.
From operations
+€297,190
Investment
-€100,663
Financing
-€238,527
Cash 2024
€238,755
From operations (derived)
+€297,190
Net result for the year
+€26,967
Depreciation
+€433,579
Stocks and contracts
-€4,895
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€29,602
Provisions
+€2,257
Trade debts
+€657,858
Tax, wage and social debts
+€90,360
Other debts
+€273,779
Accrued charges and deferred income
+€15,296
Investment (derived)
-€100,663
Investment in fixed assets (net)
-€100,663
Financing
-€238,527
Debts after one year
-€245,973
Current portion of long-term debt
-€299,325
Short-term financial debts
+€300,000
Contributions, distributions and other
+€6,770
Cash 2025
€196,755
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,339,112 | €9,167,103 | +€827,990 | +9.9% |
| Fixed assets | 21/28 | €4,660,243 | €4,327,327 | -€332,916 | -7.1% |
| Tangible fixed assets | 22/27 | €4,659,845 | €4,326,929 | -€332,916 | -7.1% |
| Plant, machinery and equipment | 23 | €4,292,195 | €4,001,986 | -€290,210 | -6.8% |
| Furniture and vehicles | 24 | €86,589 | €80,971 | -€5,618 | -6.5% |
| Leasing and similar rights | 25 | €144,542 | €105,879 | -€38,662 | -26.7% |
| Other tangible fixed assets | 26 | €136,519 | €138,093 | +€1,574 | +1.2% |
| Financial fixed assets | 28 | €398 | €398 | = | 0.0% |
| Other financial fixed assets | 284/8 | €398 | €398 | = | 0.0% |
| Shares | 284 | €398 | €398 | = | 0.0% |
| Current assets | 29/58 | €3,678,869 | €4,839,776 | +€1.2m | +31.6% |
| Stocks and contracts in progress | 3 | €285,600 | €290,495 | +€4,895 | +1.7% |
| Stocks | 30/36 | €285,600 | €290,495 | +€4,895 | +1.7% |
| Goods purchased for resale | 34 | €285,600 | €290,495 | +€4,895 | +1.7% |
| Amounts receivable within one year | 40/41 | €3,143,483 | €4,311,892 | +€1.2m | +37.2% |
| Trade receivables | 40 | €2,632,122 | €4,076,725 | +€1.4m | +54.9% |
| Other amounts receivable | 41 | €511,361 | €235,167 | -€276,193 | -54.0% |
| Cash at bank and in hand | 54/58 | €238,755 | €196,755 | -€42,000 | -17.6% |
| Deferred charges and accrued income | 490/1 | €11,032 | €40,634 | +€29,602 | +268.3% |
| Total equity and liabilities | 10/49 | €8,339,112 | €9,167,103 | +€827,990 | +9.9% |
| Equity | 10/15 | €1,841,524 | €1,875,262 | +€33,737 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,569,524 | €1,596,491 | +€26,967 | +1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,689 | €21,689 | = | 0.0% |
| Distributable reserves | 133 | €1,541,635 | €1,568,602 | +€26,967 | +1.7% |
| Investment grants | 15 | €210,000 | €216,770 | +€6,770 | +3.2% |
| Provisions and deferred taxes | 16 | €70,000 | €72,257 | +€2,257 | +3.2% |
| Deferred taxes | 168 | €70,000 | €72,257 | +€2,257 | +3.2% |
| Amounts payable | 17/49 | €6,427,588 | €7,219,584 | +€791,996 | +12.3% |
| Amounts payable after more than one year | 17 | €2,293,522 | €2,047,549 | -€245,973 | -10.7% |
| Financial debts | 170/4 | €2,293,522 | €2,047,549 | -€245,973 | -10.7% |
| Leasing and similar obligations | 172 | €109,441 | €70,373 | -€39,067 | -35.7% |
| Credit institutions | 173 | €2,184,081 | €1,977,176 | -€206,906 | -9.5% |
| Amounts payable within one year | 42/48 | €4,133,099 | €5,155,771 | +€1.0m | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €545,298 | €245,973 | -€299,325 | -54.9% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Other loans | 439 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €3,076,286 | €3,734,144 | +€657,858 | +21.4% |
| Suppliers | 440/4 | €3,076,286 | €3,734,144 | +€657,858 | +21.4% |
| Taxes, remuneration and social security | 45 | €169,891 | €260,250 | +€90,360 | +53.2% |
| Taxes | 450/3 | €2,902 | €36,204 | +€33,303 | +1147.8% |
| Remuneration and social security | 454/9 | €166,989 | €224,046 | +€57,057 | +34.2% |
| Other amounts payable | 47/48 | €341,625 | €615,404 | +€273,779 | +80.1% |
| Accrued charges and deferred income | 492/3 | €968 | €16,264 | +€15,296 | +1581.0% |
| Operating income | 70/76A | €28,059,497 | €43,792,192 | +€15.7m | +56.1% |
| Turnover | 70 | €28,032,339 | €43,770,863 | +€15.7m | +56.1% |
| Other operating income | 74 | €27,158 | €21,330 | -€5,828 | -21.5% |
| Operating charges | 60/66A | €28,044,160 | €43,666,421 | +€15.6m | +55.7% |
| Goods for resale, raw materials and consumables | 60 | €24,364,876 | €38,960,228 | +€14.6m | +59.9% |
| Purchases | 600/8 | €24,472,975 | €38,965,123 | +€14.5m | +59.2% |
| Change in stocks: decrease (increase) | 609 | -€108,099 | -€4,895 | +€103,204 | +95.5% |
| Services and other goods | 61 | €2,164,993 | €2,767,355 | +€602,363 | +27.8% |
| Remuneration, social security and pensions | 62 | €1,156,439 | €1,395,735 | +€239,296 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,679 | €433,579 | +€108,900 | +33.5% |
| Other operating charges | 640/8 | €33,173 | €109,524 | +€76,351 | +230.2% |
| Operating profit (loss) | 9901 | €15,337 | €125,771 | +€110,434 | +720.0% |
| Financial income | 75/76B | €24,645 | €20,083 | -€4,562 | -18.5% |
| Recurring financial income | 75 | €24,645 | €20,083 | -€4,562 | -18.5% |
| Income from current assets | 751 | €1,046 | €0 | -€1,046 | -100.0% |
| Other financial income | 752/9 | €23,599 | €20,083 | -€3,516 | -14.9% |
| Financial charges | 65/66B | €111,550 | €122,291 | +€10,741 | +9.6% |
| Recurring financial charges | 65 | €111,550 | €122,291 | +€10,741 | +9.6% |
| Debt charges | 650 | €105,948 | €114,306 | +€8,358 | +7.9% |
| Other financial charges | 652/9 | €5,602 | €7,985 | +€2,383 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€71,568 | €23,562 | +€95,130 | |
| Transfer from deferred taxes | 780 | €5,000 | €5,518 | +€518 | +10.4% |
| Income taxes | 67/77 | €1,019 | €2,114 | +€1,095 | +107.4% |
| Taxes | 670/3 | €1,019 | €2,114 | +€1,095 | +107.4% |
| Profit (loss) for the period | 9904 | -€67,587 | €26,967 | +€94,554 | |
| Profit (loss) for the period to be appropriated | 9905 | -€67,587 | €26,967 | +€94,554 |
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.