MATCOM: what changed
Two fiscal 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.
MATCOM
Largest movements
- Receivables within one year +€125,327
up €125,327 (+22.3%), from €562,650 to €687,978
of which Trade receivables: +€110,730
- Tangible fixed assets +€55,073
up €55,073 (+1.3%), from €4.3m to €4.3m
of which Plant, machinery and equipment: +€278,966
- Revaluation surpluses +€489,067
new in 2024: €489,067
- Other debts +€470,895
up €470,895 (+44.2%), from €1.1m to €1.5m
- Reserves -€344,853
down €344,853 (-77.2%), from €446,766 to €101,913
of which Distributable reserves: -€344,853
- Debts after one year -€247,954
down €247,954 (-8.4%), from €3.0m to €2.7m
of which Financial debts: -€249,216
- Trade debts -€185,445
down €185,445 (-79.3%), from €233,940 to €48,495
- Financial charges +€93,269
up €93,269 (+117.9%), from €79,100 to €172,370
- Depreciation +€77,325
up €77,325 (+17.2%), from €448,932 to €526,257
- Gross operating margin -€9,871
down €9,871 (-2.6%), from €378,621 to €368,751
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.
Cash bridge derived
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 | €5,073,779 | €5,238,550 | +€164,771 | +3.2% |
| Fixed assets | 21/28 | €4,463,347 | €4,518,420 | +€55,073 | +1.2% |
| Tangible fixed assets | 22/27 | €4,293,347 | €4,348,420 | +€55,073 | +1.3% |
| Land and buildings | 22 | €3,939,247 | €3,650,790 | -€288,457 | -7.3% |
| Plant, machinery and equipment | 23 | €120,243 | €399,208 | +€278,966 | +232.0% |
| Furniture and vehicles | 24 | €113,655 | €195,429 | +€81,773 | +71.9% |
| Leasing and similar rights | 25 | €120,202 | €102,992 | -€17,210 | -14.3% |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €610,432 | €720,131 | +€109,699 | +18.0% |
| Amounts receivable within one year | 40/41 | €562,650 | €687,978 | +€125,327 | +22.3% |
| Trade receivables | 40 | €206,635 | €317,365 | +€110,730 | +53.6% |
| Other amounts receivable | 41 | €356,015 | €370,613 | +€14,598 | +4.1% |
| Cash at bank and in hand | 54/58 | €23,960 | €7,205 | -€16,754 | -69.9% |
| Deferred charges and accrued income | 490/1 | €23,822 | €24,948 | +€1,126 | +4.7% |
| Total equity and liabilities | 10/49 | €5,073,779 | €5,238,550 | +€164,771 | +3.2% |
| Equity | 10/15 | €465,366 | €609,579 | +€144,214 | +31.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €489,067 | +€489,067 | |
| Reserves | 13 | €446,766 | €101,913 | -€344,853 | -77.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €446,766 | €101,913 | -€344,853 | -77.2% |
| Amounts payable | 17/49 | €4,608,413 | €4,628,971 | +€20,558 | +0.4% |
| Amounts payable after more than one year | 17 | €2,957,553 | €2,709,599 | -€247,954 | -8.4% |
| Financial debts | 170/4 | €2,940,368 | €2,691,152 | -€249,216 | -8.5% |
| Other amounts payable | 178/9 | €17,185 | €18,447 | +€1,262 | +7.3% |
| Amounts payable within one year | 42/48 | €1,633,897 | €1,884,097 | +€250,200 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €317,391 | €282,141 | -€35,250 | -11.1% |
| Financial debts | 43 | €17,500 | €17,500 | = | 0.0% |
| Credit institutions | 430/8 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €233,940 | €48,495 | -€185,445 | -79.3% |
| Suppliers | 440/4 | €233,940 | €48,495 | -€185,445 | -79.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,065,065 | €1,535,960 | +€470,895 | +44.2% |
| Accrued charges and deferred income | 492/3 | €16,963 | €35,275 | +€18,312 | +107.9% |
| Non-recurring operating income | 76A | €5,250 | €0 | -€5,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448,932 | €526,257 | +€77,325 | +17.2% |
| Other operating charges | 640/8 | €13,350 | €14,656 | +€1,306 | +9.8% |
| Gross operating margin | 9900 | €378,621 | €368,751 | -€9,871 | -2.6% |
| Operating profit (loss) | 9901 | -€83,660 | -€172,163 | -€88,502 | -105.8% |
| Financial income | 75/76B | €2,489 | €0 | -€2,489 | -100.0% |
| Recurring financial income | 75 | €2,489 | €0 | -€2,489 | -100.0% |
| Financial charges | 65/66B | €79,100 | €172,370 | +€93,269 | +117.9% |
| Recurring financial charges | 65 | €79,100 | €172,370 | +€93,269 | +117.9% |
| Profit (loss) for the period before taxes | 9903 | -€160,272 | -€344,532 | -€184,260 | -115.0% |
| Income taxes | 67/77 | €356 | €321 | -€35 | -9.9% |
| Profit (loss) for the period | 9904 | -€160,628 | -€344,853 | -€184,225 | -114.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,628 | -€344,853 | -€184,225 | -114.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.