MATE GROUP CONSTRUCT: 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.
MATE GROUP CONSTRUCT
Largest movements
- Receivables within one year -€43,105
down €43,105 (-23.5%), from €183,228 to €140,123
of which Other amounts receivable: -€27,814
- Tangible fixed assets +€35,175
up €35,175 (+825.3%), from €4,262 to €39,437
- Cash -€23,953
down €23,953 (-87.8%), from €27,296 to €3,343
mainly Trade debts (-€70,425) and Investment in fixed assets (net) (-€46,632)
- Trade debts -€70,425
down €70,425 (-74.5%), from €94,490 to €24,065
- Profit (loss) carried forward +€42,542
up €42,542 (+42.0%), from €101,246 to €143,788
- Debts after one year -€4,000
down €4,000 (-22.3%), from €17,950 to €13,950
- Turnover -€360,571
no longer reported in 2024 (was €360,571)
- Gross operating margin +€9,806
up €9,806 (+21.8%), from €44,962 to €54,768
- Depreciation +€9,326
up €9,326 (+437.6%), from €2,131 to €11,457
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 | €214,786 | €182,903 | -€31,883 | -14.8% |
| Fixed assets | 21/28 | €4,262 | €39,437 | +€35,175 | +825.3% |
| Tangible fixed assets | 22/27 | €4,262 | €39,437 | +€35,175 | +825.3% |
| Furniture and vehicles | 24 | €4,262 | €39,437 | +€35,175 | +825.3% |
| Current assets | 29/58 | €210,524 | €143,466 | -€67,058 | -31.9% |
| Amounts receivable within one year | 40/41 | €183,228 | €140,123 | -€43,105 | -23.5% |
| Trade receivables | 40 | €101,324 | €86,033 | -€15,291 | -15.1% |
| Other amounts receivable | 41 | €81,904 | €54,090 | -€27,814 | -34.0% |
| Cash at bank and in hand | 54/58 | €27,296 | €3,343 | -€23,953 | -87.8% |
| Total equity and liabilities | 10/49 | €214,786 | €182,903 | -€31,883 | -14.8% |
| Equity | 10/15 | €102,346 | €144,888 | +€42,542 | +41.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Legal reserve | 130 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,246 | €143,788 | +€42,542 | +42.0% |
| Amounts payable | 17/49 | €112,440 | €38,015 | -€74,425 | -66.2% |
| Amounts payable after more than one year | 17 | €17,950 | €13,950 | -€4,000 | -22.3% |
| Financial debts | 170/4 | €17,950 | €13,950 | -€4,000 | -22.3% |
| Amounts payable within one year | 42/48 | €94,490 | €24,065 | -€70,425 | -74.5% |
| Trade debts | 44 | €94,490 | €24,065 | -€70,425 | -74.5% |
| Suppliers | 440/4 | €94,490 | €24,065 | -€70,425 | -74.5% |
| Turnover | 70 | €360,571 | - | -€360,571 | |
| Remuneration, social security and pensions | 62 | €1,131 | - | -€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €11,457 | +€9,326 | +437.6% |
| Other operating charges | 640/8 | €1,575 | €646 | -€929 | -59.0% |
| Gross operating margin | 9900 | €44,962 | €54,768 | +€9,806 | +21.8% |
| Operating profit (loss) | 9901 | €40,125 | €42,665 | +€2,540 | +6.3% |
| Financial charges | 65/66B | €140 | €123 | -€17 | -12.1% |
| Recurring financial charges | 65 | €140 | €123 | -€17 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €39,985 | €42,542 | +€2,557 | +6.4% |
| Profit (loss) for the period | 9904 | €39,985 | €42,542 | +€2,557 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,985 | €42,542 | +€2,557 | +6.4% |
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 6 October 2026 via checked.be.