MATEC CEMS: 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.
MATEC CEMS
Largest movements
- Receivables within one year +€18,697
up €18,697 (+8.3%), from €224,762 to €243,459
of which Trade receivables: +€42,343
- Cash +€16,678
up €16,678 (+52.6%), from €31,697 to €48,374
mainly Net result for the year (+€49,944) and Current portion of long-term debt (+€10,670)
- Tangible fixed assets -€7,444
down €7,444 (-5.8%), from €127,976 to €120,533
of which Land and buildings: -€6,750
- Reserves +€33,944
up €33,944 (+41.5%), from €81,774 to €115,718
of which Distributable reserves: +€33,944
- Trade debts -€18,229
no longer reported in 2024 (was €18,229)
- Current portion of long-term debt +€10,670
up €10,670 (+86.3%), from €12,363 to €23,032
- Other debts +€10,509
up €10,509 (+41.7%), from €25,199 to €35,709
- Debts after one year -€8,032
down €8,032 (-8.8%), from €91,432 to €83,400
- Gross operating margin +€23,174
up €23,174 (+14.4%), from €161,096 to €184,271
- Depreciation -€4,488
down €4,488 (-37.6%), from €11,932 to €7,444
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.
Derived cash bridge
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 | €386,445 | €414,376 | +€27,931 | +7.2% |
| Fixed assets | 21/28 | €129,987 | €122,543 | -€7,444 | -5.7% |
| Tangible fixed assets | 22/27 | €127,976 | €120,533 | -€7,444 | -5.8% |
| Land and buildings | 22 | €126,762 | €120,012 | -€6,750 | -5.3% |
| Furniture and vehicles | 24 | €914 | €520 | -€394 | -43.1% |
| Other tangible fixed assets | 26 | €300 | - | -€300 | |
| Financial fixed assets | 28 | €2,010 | €2,010 | = | 0.0% |
| Current assets | 29/58 | €256,458 | €291,833 | +€35,375 | +13.8% |
| Amounts receivable within one year | 40/41 | €224,762 | €243,459 | +€18,697 | +8.3% |
| Trade receivables | 40 | €171,282 | €213,625 | +€42,343 | +24.7% |
| Other amounts receivable | 41 | €53,480 | €29,834 | -€23,646 | -44.2% |
| Cash at bank and in hand | 54/58 | €31,697 | €48,374 | +€16,678 | +52.6% |
| Total equity and liabilities | 10/49 | €386,445 | €414,376 | +€27,931 | +7.2% |
| Equity | 10/15 | €209,210 | €243,155 | +€33,944 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,774 | €115,718 | +€33,944 | +41.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €79,914 | €113,858 | +€33,944 | +42.5% |
| Profit (loss) carried forward | 14 | €108,836 | €108,836 | = | 0.0% |
| Amounts payable | 17/49 | €177,235 | €171,222 | -€6,013 | -3.4% |
| Amounts payable after more than one year | 17 | €91,432 | €83,400 | -€8,032 | -8.8% |
| Financial debts | 170/4 | €91,432 | €83,400 | -€8,032 | -8.8% |
| Amounts payable within one year | 42/48 | €85,803 | €87,822 | +€2,019 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €12,363 | €23,032 | +€10,670 | +86.3% |
| Trade debts | 44 | €18,229 | - | -€18,229 | |
| Suppliers | 440/4 | €18,229 | - | -€18,229 | |
| Taxes, remuneration and social security | 45 | €30,012 | €29,081 | -€931 | -3.1% |
| Taxes | 450/3 | €20,260 | €10,690 | -€9,570 | -47.2% |
| Remuneration and social security | 454/9 | €9,751 | €18,391 | +€8,639 | +88.6% |
| Other amounts payable | 47/48 | €25,199 | €35,709 | +€10,509 | +41.7% |
| Non-recurring operating income | 76A | - | €10,331 | +€10,331 | |
| Remuneration, social security and pensions | 62 | €108,283 | €106,722 | -€1,561 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,932 | €7,444 | -€4,488 | -37.6% |
| Other operating charges | 640/8 | €1,097 | €2,352 | +€1,255 | +114% |
| Gross operating margin | 9900 | €161,096 | €184,271 | +€23,174 | +14.4% |
| Operating profit (loss) | 9901 | €39,785 | €67,753 | +€27,968 | +70.3% |
| Financial income | 75/76B | €1,292 | €150 | -€1,142 | -88.4% |
| Recurring financial income | 75 | €1,292 | €150 | -€1,142 | -88.4% |
| Financial charges | 65/66B | €5,851 | €5,574 | -€277 | -4.7% |
| Recurring financial charges | 65 | €5,851 | €5,574 | -€277 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €35,226 | €62,329 | +€27,103 | +76.9% |
| Income taxes | 67/77 | €11,962 | €12,385 | +€423 | +3.5% |
| Profit (loss) for the period | 9904 | €23,264 | €49,944 | +€26,680 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €23,264 | €49,944 | +€26,680 | +115% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.