Matbouw: 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.
Matbouw
Largest movements
- Receivables within one year -€75,358
down €75,358 (-58.8%), from €128,212 to €52,854
of which Trade receivables: -€85,244
- Stocks and contracts +€14,644
up €14,644 (+358%), from €4,090 to €18,735
of which Contracts in progress: +€16,821
- Cash -€3,259
down €3,259 (-23.3%), from €13,994 to €10,734
mainly Trade debts (-€31,403) and Net result for the year (-€31,102)
- Tangible fixed assets -€2,630
down €2,630 (-55.1%), from €4,776 to €2,146
of which Plant, machinery and equipment: -€2,100
- Trade debts -€31,403
down €31,403 (-38.7%), from €81,116 to €49,712
- Reserves -€31,102
down €31,102 (-97.4%), from €31,918 to €816
- Debts after one year -€6,941
down €6,941 (-79.4%), from €8,736 to €1,796
- Tax, wage and social debts +€1,697
up €1,697 (+8.3%), from €20,508 to €22,205
of which Taxes: +€3,919
- Gross operating margin -€50,791
down €50,791 (-72.8%), from €69,785 to €18,994
- Staff costs -€5,710
down €5,710 (-11.7%), from €48,757 to €43,047
- Taxes -€3,329
no longer reported in 2025 (was €3,329)
- Other operating charges +€1,131
up €1,131 (+118%), from €962 to €2,093
- Financial charges -€756
down €756 (-18.2%), from €4,154 to €3,398
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 | €151,928 | €84,469 | -€67,459 | -44.4% |
| Fixed assets | 21/28 | €4,776 | €2,146 | -€2,630 | -55.1% |
| Tangible fixed assets | 22/27 | €4,776 | €2,146 | -€2,630 | -55.1% |
| Plant, machinery and equipment | 23 | €3,464 | €1,364 | -€2,100 | -60.6% |
| Furniture and vehicles | 24 | €1,312 | €783 | -€530 | -40.4% |
| Current assets | 29/58 | €147,152 | €82,323 | -€64,829 | -44.1% |
| Stocks and contracts in progress | 3 | €4,090 | €18,735 | +€14,644 | +358% |
| Stocks | 30/36 | €4,090 | €1,913 | -€2,177 | -53.2% |
| Contracts in progress | 37 | - | €16,821 | +€16,821 | |
| Amounts receivable within one year | 40/41 | €128,212 | €52,854 | -€75,358 | -58.8% |
| Trade receivables | 40 | €118,412 | €33,168 | -€85,244 | -72.0% |
| Other amounts receivable | 41 | €9,800 | €19,686 | +€9,886 | +101% |
| Cash at bank and in hand | 54/58 | €13,994 | €10,734 | -€3,259 | -23.3% |
| Deferred charges and accrued income | 490/1 | €856 | - | -€856 | |
| Total equity and liabilities | 10/49 | €151,928 | €84,469 | -€67,459 | -44.4% |
| Equity | 10/15 | €34,918 | €3,816 | -€31,102 | -89.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,918 | €816 | -€31,102 | -97.4% |
| Distributable reserves | 133 | €31,918 | €816 | -€31,102 | -97.4% |
| Amounts payable | 17/49 | €117,010 | €80,654 | -€36,357 | -31.1% |
| Amounts payable after more than one year | 17 | €8,736 | €1,796 | -€6,941 | -79.4% |
| Financial debts | 170/4 | €8,736 | €1,796 | -€6,941 | -79.4% |
| Amounts payable within one year | 42/48 | €108,193 | €78,858 | -€29,335 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €6,569 | €6,941 | +€372 | +5.7% |
| Trade debts | 44 | €81,116 | €49,712 | -€31,403 | -38.7% |
| Suppliers | 440/4 | €81,116 | €49,712 | -€31,403 | -38.7% |
| Taxes, remuneration and social security | 45 | €20,508 | €22,205 | +€1,697 | +8.3% |
| Taxes | 450/3 | €10,647 | €14,567 | +€3,919 | +36.8% |
| Remuneration and social security | 454/9 | €9,861 | €7,638 | -€2,222 | -22.5% |
| Accrued charges and deferred income | 492/3 | €81 | - | -€81 | |
| Remuneration, social security and pensions | 62 | €48,757 | €43,047 | -€5,710 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €2,630 | +€305 | +13.1% |
| Other operating charges | 640/8 | €962 | €2,093 | +€1,131 | +118% |
| Non-recurring operating charges | 66A | €403 | - | -€403 | |
| Gross operating margin | 9900 | €69,785 | €18,994 | -€50,791 | -72.8% |
| Operating profit (loss) | 9901 | €17,339 | -€28,775 | -€46,114 | |
| Financial income | 75/76B | €1,237 | €1,071 | -€166 | -13.4% |
| Recurring financial income | 75 | €1,237 | €1,071 | -€166 | -13.4% |
| Financial charges | 65/66B | €4,154 | €3,398 | -€756 | -18.2% |
| Recurring financial charges | 65 | €4,154 | €3,398 | -€756 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €14,422 | -€31,102 | -€45,524 | |
| Income taxes | 67/77 | €3,329 | - | -€3,329 | |
| Profit (loss) for the period | 9904 | €11,093 | -€31,102 | -€42,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,093 | -€31,102 | -€42,195 |
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 19 October 2026 via checked.be.