MATDA RE: 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.
MATDA RE
Largest movements
- Receivables within one year +€108,612
up €108,612 (+26.4%), from €410,636 to €519,248
of which Trade receivables: +€128,346
- Cash +€55,542
up €55,542 (+40.1%), from €138,568 to €194,110
mainly Net result for the year (+€157,493) and Depreciation (+€80,750)
- Tangible fixed assets -€36,902
down €36,902 (-8.2%), from €452,553 to €415,651
of which Land and buildings: -€37,086
- Stocks and contracts +€13,891
up €13,891 (+23.8%), from €58,369 to €72,260
of which Stocks: +€19,618
- Deferred charges and accrued income +€12,906
up €12,906 (+2214.3%), from €583 to €13,489
- Reserves +€157,493
up €157,493 (+80.7%), from €195,192 to €352,686
of which Distributable reserves: +€157,493
- Tax, wage and social debts +€60,342
up €60,342 (+90.7%), from €66,513 to €126,854
of which Remuneration and social security: +€30,906
- Debts after one year -€38,486
down €38,486 (-11.3%), from €341,902 to €303,415
- Other debts -€28,453
down €28,453 (-41.6%), from €68,366 to €39,913
- Gross operating margin +€340,138
up €340,138 (+36.6%), from €928,907 to €1.3m
- Staff costs +€225,462
up €225,462 (+34.3%), from €657,518 to €882,979
- Provisions +€24,038
new in 2025: €24,038
- Taxes +€21,332
up €21,332 (+32.4%), from €65,811 to €87,144
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,060,833 | €1,214,882 | +€154,049 | +14.5% |
| Fixed assets | 21/28 | €452,678 | €415,776 | -€36,902 | -8.2% |
| Tangible fixed assets | 22/27 | €452,553 | €415,651 | -€36,902 | -8.2% |
| Land and buildings | 22 | €324,416 | €287,330 | -€37,086 | -11.4% |
| Plant, machinery and equipment | 23 | €44,362 | €42,804 | -€1,558 | -3.5% |
| Furniture and vehicles | 24 | €83,774 | €85,517 | +€1,743 | +2.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €608,156 | €799,106 | +€190,951 | +31.4% |
| Stocks and contracts in progress | 3 | €58,369 | €72,260 | +€13,891 | +23.8% |
| Stocks | 30/36 | €33,047 | €52,665 | +€19,618 | +59.4% |
| Contracts in progress | 37 | €25,321 | €19,595 | -€5,726 | -22.6% |
| Amounts receivable within one year | 40/41 | €410,636 | €519,248 | +€108,612 | +26.4% |
| Trade receivables | 40 | €240,842 | €369,188 | +€128,346 | +53.3% |
| Other amounts receivable | 41 | €169,794 | €150,060 | -€19,734 | -11.6% |
| Cash at bank and in hand | 54/58 | €138,568 | €194,110 | +€55,542 | +40.1% |
| Deferred charges and accrued income | 490/1 | €583 | €13,489 | +€12,906 | +2214.3% |
| Total equity and liabilities | 10/49 | €1,060,833 | €1,214,882 | +€154,049 | +14.5% |
| Equity | 10/15 | €281,433 | €438,927 | +€157,493 | +56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,192 | €352,686 | +€157,493 | +80.7% |
| Tax-exempt reserves | 132 | €6,313 | €6,313 | = | 0.0% |
| Distributable reserves | 133 | €188,880 | €346,373 | +€157,493 | +83.4% |
| Profit (loss) carried forward | 14 | €67,641 | €67,641 | = | 0.0% |
| Amounts payable | 17/49 | €779,400 | €775,956 | -€3,444 | -0.4% |
| Amounts payable after more than one year | 17 | €341,902 | €303,415 | -€38,486 | -11.3% |
| Financial debts | 170/4 | €341,902 | €303,415 | -€38,486 | -11.3% |
| Amounts payable within one year | 42/48 | €429,254 | €471,983 | +€42,729 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €73,937 | €81,372 | +€7,434 | +10.1% |
| Trade debts | 44 | €220,438 | €222,929 | +€2,491 | +1.1% |
| Suppliers | 440/4 | €220,438 | €222,929 | +€2,491 | +1.1% |
| Advances received on contracts in progress | 46 | - | €915 | +€915 | |
| Taxes, remuneration and social security | 45 | €66,513 | €126,854 | +€60,342 | +90.7% |
| Taxes | 450/3 | €8,093 | €37,529 | +€29,436 | +363.7% |
| Remuneration and social security | 454/9 | €58,419 | €89,325 | +€30,906 | +52.9% |
| Other amounts payable | 47/48 | €68,366 | €39,913 | -€28,453 | -41.6% |
| Accrued charges and deferred income | 492/3 | €8,245 | €557 | -€7,687 | -93.2% |
| Non-recurring operating income | 76A | €88,089 | €7,014 | -€81,075 | -92.0% |
| Remuneration, social security and pensions | 62 | €657,518 | €882,979 | +€225,462 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,896 | €80,750 | +€4,854 | +6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €24,038 | +€24,038 | |
| Other operating charges | 640/8 | €11,075 | €16,439 | +€5,365 | +48.4% |
| Gross operating margin | 9900 | €928,907 | €1,269,045 | +€340,138 | +36.6% |
| Operating profit (loss) | 9901 | €184,419 | €264,838 | +€80,419 | +43.6% |
| Financial income | 75/76B | €2,411 | €8,959 | +€6,548 | +271.6% |
| Recurring financial income | 75 | €238 | €8,071 | +€7,833 | +3295.9% |
| Non-recurring financial income | 76B | €2,173 | €889 | -€1,285 | -59.1% |
| Financial charges | 65/66B | €38,300 | €29,161 | -€9,139 | -23.9% |
| Recurring financial charges | 65 | €38,300 | €25,571 | -€12,728 | -33.2% |
| Non-recurring financial charges | 66B | - | €3,589 | +€3,589 | |
| Profit (loss) for the period before taxes | 9903 | €148,530 | €244,637 | +€96,107 | +64.7% |
| Income taxes | 67/77 | €65,811 | €87,144 | +€21,332 | +32.4% |
| Profit (loss) for the period | 9904 | €82,719 | €157,493 | +€74,774 | +90.4% |
| Transfer to tax-exempt reserves | 689 | €2,846 | - | -€2,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,873 | €157,493 | +€77,620 | +97.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.