Matdek: 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.
Matdek
Largest movements
- Receivables within one year +€24,987
up €24,987 (+210.4%), from €11,878 to €36,865
of which Trade receivables: +€25,277
- Tangible fixed assets +€7,104
up €7,104 (+15.9%), from €44,563 to €51,667
of which Furniture and vehicles: +€4,526
- Cash -€3,083
down €3,083 (-39.8%), from €7,753 to €4,670
mainly Contributions, distributions and other (-€32,938) and Receivables within one year (-€24,987)
- Other debts +€27,600
up €27,600 (+119.9%), from €23,017 to €50,617
- Tax, wage and social debts +€3,389
up €3,389 (+42.7%), from €7,928 to €11,317
of which Remuneration and social security: +€1,800
- Trade debts -€1,520
down €1,520 (-38.6%), from €3,940 to €2,420
- Accrued charges and deferred income -€1,294
down €1,294 (-25.4%), from €5,088 to €3,793
- Gross operating margin +€41,479
up €41,479 (+284.7%), from €14,568 to €56,046
- Taxes +€7,006
up €7,006 (+329.1%), from €2,129 to €9,135
- Write-downs +€3,214
new in 2025: €3,214
- Depreciation +€2,771
up €2,771 (+70.4%), from €3,938 to €6,709
- Financial charges +€892
up €892 (+55.1%), from €1,619 to €2,511
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 | €66,989 | €95,163 | +€28,174 | +42.1% |
| Formation expenses | 20 | €898 | €476 | -€422 | -47.0% |
| Fixed assets | 21/28 | €44,563 | €51,667 | +€7,104 | +15.9% |
| Tangible fixed assets | 22/27 | €44,563 | €51,667 | +€7,104 | +15.9% |
| Plant, machinery and equipment | 23 | €4,199 | €2,758 | -€1,441 | -34.3% |
| Furniture and vehicles | 24 | €466 | €4,993 | +€4,526 | +971.0% |
| Other tangible fixed assets | 26 | €39,898 | €43,917 | +€4,019 | +10.1% |
| Current assets | 29/58 | €21,528 | €43,020 | +€21,492 | +99.8% |
| Amounts receivable within one year | 40/41 | €11,878 | €36,865 | +€24,987 | +210.4% |
| Trade receivables | 40 | €11,472 | €36,750 | +€25,277 | +220.3% |
| Other amounts receivable | 41 | €406 | €116 | -€291 | -71.5% |
| Cash at bank and in hand | 54/58 | €7,753 | €4,670 | -€3,083 | -39.8% |
| Deferred charges and accrued income | 490/1 | €1,896 | €1,485 | -€411 | -21.7% |
| Total equity and liabilities | 10/49 | €66,989 | €95,163 | +€28,174 | +42.1% |
| Equity | 10/15 | €27,016 | €27,016 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,016 | €22,016 | = | 0.0% |
| Distributable reserves | 133 | €22,016 | €22,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,973 | €68,147 | +€28,174 | +70.5% |
| Amounts payable within one year | 42/48 | €34,885 | €64,354 | +€29,469 | +84.5% |
| Trade debts | 44 | €3,940 | €2,420 | -€1,520 | -38.6% |
| Suppliers | 440/4 | €3,940 | €2,420 | -€1,520 | -38.6% |
| Taxes, remuneration and social security | 45 | €7,928 | €11,317 | +€3,389 | +42.7% |
| Taxes | 450/3 | €6,928 | €8,517 | +€1,589 | +22.9% |
| Remuneration and social security | 454/9 | €1,000 | €2,800 | +€1,800 | +180.0% |
| Other amounts payable | 47/48 | €23,017 | €50,617 | +€27,600 | +119.9% |
| Accrued charges and deferred income | 492/3 | €5,088 | €3,793 | -€1,294 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,938 | €6,709 | +€2,771 | +70.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,214 | +€3,214 | |
| Other operating charges | 640/8 | €1,363 | €1,836 | +€473 | +34.7% |
| Gross operating margin | 9900 | €14,568 | €56,046 | +€41,479 | +284.7% |
| Operating profit (loss) | 9901 | €9,266 | €44,287 | +€35,020 | +377.9% |
| Financial income | 75/76B | €0 | €297 | +€297 | |
| Recurring financial income | 75 | €0 | €297 | +€297 | |
| Financial charges | 65/66B | €1,619 | €2,511 | +€892 | +55.1% |
| Recurring financial charges | 65 | €1,619 | €2,511 | +€892 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €7,647 | €42,072 | +€34,425 | +450.2% |
| Income taxes | 67/77 | €2,129 | €9,135 | +€7,006 | +329.1% |
| Profit (loss) for the period | 9904 | €5,518 | €32,938 | +€27,419 | +496.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,518 | €32,938 | +€27,419 | +496.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.