MATCO KOELTECHNIEKEN: what changed
What changed
MATCO KOELTECHNIEKEN
NACE 46.647, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€121,848
2024 · €34,208+€87,641
Equity
€263,680
2024 · €141,831+€121,848
Cash
€73,765
2024 · €115,894-€42,129
Balance sheet total
€300,848
2024 · €283,886+€16,963
Largest movements
Assets
- Receivables within one year +€128,873
up €128,873 (+332%), from €38,840 to €167,713
of which Trade receivables: +€79,587
- Stocks and contracts -€70,366
down €70,366 (-66.8%), from €105,366 to €35,000
- Cash -€42,129
down €42,129 (-36.4%), from €115,894 to €73,765
mainly Receivables within one year (-€128,873) and Other debts (-€96,157)
Equity and liabilities
- Reserves +€121,848
up €121,848 (+87.1%), from €139,831 to €261,680
- Other debts -€96,157
down €96,157 (-100%), from €96,157 to €0
- Current portion of long-term debt -€6,304
down €6,304 (-100%), from €6,304 to €0
Income statement
- Gross operating margin +€135,915
up €135,915 (+217%), from €62,763 to €198,678
- Taxes +€46,008
up €46,008 (+385%), from €11,942 to €57,950
- Staff costs +€5,087
new in 2025: €5,087
- Depreciation -€3,290
down €3,290 (-21.6%), from €15,251 to €11,962
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,208
Gross operating margin
+€135,915
Staff costs
-€5,087
Depreciation
+€3,290
Other operating charges
-€1,178
Financial income
-€485
Financial charges
+€1,195
Taxes
-€46,008
Result 2025
€121,848
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€23,488
Investment
-€12,337
Financing
-€6,304
Cash 2024
€115,894
From operations (derived)
-€23,488
Net result for the year
+€121,848
Depreciation
+€11,962
Stocks and contracts
+€70,366
Receivables within one year
-€128,873
Deferred charges and accrued income
-€210
Trade debts
-€1,245
Tax, wage and social debts
-€1,180
Other debts
-€96,157
Investment (derived)
-€12,337
Investment in fixed assets (net)
-€12,337
Financing
-€6,304
Current portion of long-term debt
-€6,304
Cash 2025
€73,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,886 | €300,848 | +€16,963 | +6.0% |
| Fixed assets | 21/28 | €19,263 | €19,638 | +€375 | +1.9% |
| Tangible fixed assets | 22/27 | €19,263 | €19,638 | +€375 | +1.9% |
| Plant, machinery and equipment | 23 | €6,309 | €4,483 | -€1,826 | -28.9% |
| Furniture and vehicles | 24 | €12,955 | €15,155 | +€2,201 | +17.0% |
| Current assets | 29/58 | €264,622 | €281,210 | +€16,588 | +6.3% |
| Stocks and contracts in progress | 3 | €105,366 | €35,000 | -€70,366 | -66.8% |
| Stocks | 30/36 | €105,366 | €35,000 | -€70,366 | -66.8% |
| Amounts receivable within one year | 40/41 | €38,840 | €167,713 | +€128,873 | +332% |
| Trade receivables | 40 | €22,751 | €102,337 | +€79,587 | +350% |
| Other amounts receivable | 41 | €16,089 | €65,375 | +€49,286 | +306% |
| Cash at bank and in hand | 54/58 | €115,894 | €73,765 | -€42,129 | -36.4% |
| Deferred charges and accrued income | 490/1 | €4,523 | €4,732 | +€210 | +4.6% |
| Total equity and liabilities | 10/49 | €283,886 | €300,848 | +€16,963 | +6.0% |
| Equity | 10/15 | €141,831 | €263,680 | +€121,848 | +85.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €139,831 | €261,680 | +€121,848 | +87.1% |
| Distributable reserves | 133 | €139,831 | €261,680 | +€121,848 | +87.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,054 | €37,169 | -€104,886 | -73.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €142,054 | €37,169 | -€104,886 | -73.8% |
| Current portion of amounts payable after more than one year | 42 | €6,304 | €0 | -€6,304 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €36,250 | €35,005 | -€1,245 | -3.4% |
| Suppliers | 440/4 | €36,250 | €35,005 | -€1,245 | -3.4% |
| Taxes, remuneration and social security | 45 | €3,343 | €2,163 | -€1,180 | -35.3% |
| Taxes | 450/3 | €3,343 | €2,163 | -€1,180 | -35.3% |
| Other amounts payable | 47/48 | €96,157 | €0 | -€96,157 | -100% |
| Non-recurring operating income | 76A | - | €1,167 | +€1,167 | |
| Remuneration, social security and pensions | 62 | - | €5,087 | +€5,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,251 | €11,962 | -€3,290 | -21.6% |
| Other operating charges | 640/8 | €875 | €2,053 | +€1,178 | +135% |
| Gross operating margin | 9900 | €62,763 | €198,678 | +€135,915 | +217% |
| Operating profit (loss) | 9901 | €46,637 | €179,576 | +€132,939 | +285% |
| Financial income | 75/76B | €1,152 | €667 | -€485 | -42.1% |
| Recurring financial income | 75 | €1,152 | €667 | -€485 | -42.1% |
| Financial charges | 65/66B | €1,640 | €445 | -€1,195 | -72.9% |
| Recurring financial charges | 65 | €1,640 | €445 | -€1,195 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €46,149 | €179,798 | +€133,648 | +290% |
| Income taxes | 67/77 | €11,942 | €57,950 | +€46,008 | +385% |
| Profit (loss) for the period | 9904 | €34,208 | €121,848 | +€87,641 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €34,208 | €121,848 | +€87,641 | +256% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.