MATEGRO: 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.
What changed
MATEGRO
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€314,503
2024 · €222,285+€92,218
Equity
€5.3m
2024 · €5.5m-€151,234
Cash
€545,285
2024 · €343,471+€201,815
Balance sheet total
€7.7m
2024 · €7.4m+€285,552
Largest movements
Assets
- Current investments +€500,000
up €500,000 (+100%), from €500,000 to €1.0m
- Receivables within one year -€360,918
down €360,918 (-10.0%), from €3.6m to €3.2m
of which Trade receivables: -€324,711
- Tangible fixed assets -€212,834
down €212,834 (-19.9%), from €1.1m to €855,798
of which Plant, machinery and equipment: -€196,739
- Cash +€201,815
up €201,815 (+58.8%), from €343,471 to €545,285
mainly Trade debts (+€602,348) and Receivables within one year (+€360,918)
- Stocks and contracts +€132,850
up €132,850 (+7.6%), from €1.7m to €1.9m
Equity and liabilities
- Trade debts +€602,348
up €602,348 (+59.1%), from €1.0m to €1.6m
- Profit (loss) carried forward -€222,285
no longer reported in 2025 (was €222,285)
- Debts after one year -€150,304
down €150,304 (-31.0%), from €485,060 to €334,756
Income statement
- Turnover -€629,383
down €629,383 (-4.3%), from €14.6m to €13.9m
- Goods and materials -€600,016
down €600,016 (-4.8%), from €12.4m to €11.8m
of which Change in stocks: decrease (increase): -€1.1m
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.
Result 2024
€222,285
Turnover
-€629,383
Other operating income
+€1,405
Goods and materials
+€600,016
Services and other goods
+€33,518
Staff costs
-€23,648
Depreciation
+€59,034
Write-downs
+€58,000
Other operating charges
+€658
Other operating items
-€159
Financial income
+€26,199
Financial charges
+€6,524
Taxes
-€39,947
Result 2025
€314,503
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€1.4m
Investment
-€526,437
Financing
-€691,125
Cash 2024
€343,471
From operations (derived)
+€1.4m
Net result for the year
+€314,503
Depreciation
+€216,417
Stocks and contracts
-€132,850
Receivables within one year
+€360,918
Deferred charges and accrued income
-€1,785
Trade debts
+€602,348
Tax, wage and social debts
+€26,878
Other debts
+€32,894
Accrued charges and deferred income
+€53
Investment (derived)
-€526,437
Investment in fixed assets (net)
-€26,437
Current investments
-€500,000
Financing
-€691,125
Debts after one year
-€150,304
Current portion of long-term debt
-€75,041
Short-term financial debts
-€42
Contributions, distributions and other
-€465,737
Cash 2025
€545,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,397,263 | €7,682,815 | +€285,552 | +3.9% |
| Fixed assets | 21/28 | €1,208,415 | €1,018,435 | -€189,980 | -15.7% |
| Intangible fixed assets | 21 | - | €8,231 | +€8,231 | |
| Tangible fixed assets | 22/27 | €1,068,633 | €855,798 | -€212,834 | -19.9% |
| Land and buildings | 22 | €178,286 | €163,630 | -€14,656 | -8.2% |
| Plant, machinery and equipment | 23 | €887,494 | €690,755 | -€196,739 | -22.2% |
| Furniture and vehicles | 24 | €2,853 | €1,414 | -€1,439 | -50.4% |
| Financial fixed assets | 28 | €139,782 | €154,406 | +€14,623 | +10.5% |
| Other financial fixed assets | 284/8 | €139,782 | €154,406 | +€14,623 | +10.5% |
| Amounts receivable and cash guarantees | 285/8 | €139,782 | €154,406 | +€14,623 | +10.5% |
| Current assets | 29/58 | €6,188,848 | €6,664,380 | +€475,532 | +7.7% |
| Stocks and contracts in progress | 3 | €1,739,029 | €1,871,879 | +€132,850 | +7.6% |
| Stocks | 30/36 | €1,739,029 | €1,871,879 | +€132,850 | +7.6% |
| Goods purchased for resale | 34 | €1,739,029 | €1,871,879 | +€132,850 | +7.6% |
| Amounts receivable within one year | 40/41 | €3,601,156 | €3,240,238 | -€360,918 | -10.0% |
| Trade receivables | 40 | €3,541,699 | €3,216,988 | -€324,711 | -9.2% |
| Other amounts receivable | 41 | €59,457 | €23,250 | -€36,207 | -60.9% |
| Current investments | 50/53 | €500,000 | €1,000,000 | +€500,000 | +100% |
| Other investments | 51/53 | €500,000 | €1,000,000 | +€500,000 | +100% |
| Cash at bank and in hand | 54/58 | €343,471 | €545,285 | +€201,815 | +58.8% |
| Deferred charges and accrued income | 490/1 | €5,192 | €6,977 | +€1,785 | +34.4% |
| Total equity and liabilities | 10/49 | €7,397,263 | €7,682,815 | +€285,552 | +3.9% |
| Equity | 10/15 | €5,456,163 | €5,304,929 | -€151,234 | -2.8% |
| Contributions | 10/11 | €397,472 | €397,472 | = | 0.0% |
| Capital | 10 | €397,472 | €397,472 | = | 0.0% |
| Issued capital | 100 | €397,472 | €397,472 | = | 0.0% |
| Reserves | 13 | €4,820,983 | €4,893,269 | +€72,285 | +1.5% |
| Non-distributable reserves | 130/1 | €39,747 | €39,747 | = | 0.0% |
| Legal reserve | 130 | €39,747 | €39,747 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €4,724,986 | €4,797,271 | +€72,285 | +1.5% |
| Profit (loss) carried forward | 14 | €222,285 | - | -€222,285 | |
| Investment grants | 15 | €15,422 | €14,188 | -€1,234 | -8.0% |
| Amounts payable | 17/49 | €1,941,100 | €2,377,886 | +€436,786 | +22.5% |
| Amounts payable after more than one year | 17 | €485,060 | €334,756 | -€150,304 | -31.0% |
| Financial debts | 170/4 | €485,060 | €334,756 | -€150,304 | -31.0% |
| Credit institutions | 173 | €485,060 | €334,756 | -€150,304 | -31.0% |
| Amounts payable within one year | 42/48 | €1,455,934 | €2,042,971 | +€587,037 | +40.3% |
| Current portion of amounts payable after more than one year | 42 | €233,738 | €158,696 | -€75,041 | -32.1% |
| Financial debts | 43 | €42 | - | -€42 | |
| Credit institutions | 430/8 | €42 | - | -€42 | |
| Trade debts | 44 | €1,019,394 | €1,621,742 | +€602,348 | +59.1% |
| Suppliers | 440/4 | €1,019,394 | €1,621,742 | +€602,348 | +59.1% |
| Taxes, remuneration and social security | 45 | €193,151 | €220,029 | +€26,878 | +13.9% |
| Taxes | 450/3 | €121,119 | €140,104 | +€18,985 | +15.7% |
| Remuneration and social security | 454/9 | €72,032 | €79,925 | +€7,893 | +11.0% |
| Other amounts payable | 47/48 | €9,610 | €42,503 | +€32,894 | +342% |
| Accrued charges and deferred income | 492/3 | €105 | €159 | +€53 | +50.5% |
| Operating income | 70/76A | €14,573,832 | €13,945,854 | -€627,977 | -4.3% |
| Turnover | 70 | €14,555,361 | €13,925,979 | -€629,383 | -4.3% |
| Other operating income | 74 | €18,470 | €19,876 | +€1,405 | +7.6% |
| Operating charges | 60/66A | €14,360,365 | €13,632,947 | -€727,419 | -5.1% |
| Goods for resale, raw materials and consumables | 60 | €12,448,668 | €11,848,653 | -€600,016 | -4.8% |
| Purchases | 600/8 | €11,455,415 | €11,981,503 | +€526,087 | +4.6% |
| Change in stocks: decrease (increase) | 609 | €993,253 | -€132,850 | -€1.1m | |
| Services and other goods | 61 | €682,176 | €648,658 | -€33,518 | -4.9% |
| Remuneration, social security and pensions | 62 | €836,565 | €860,213 | +€23,648 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,451 | €216,417 | -€59,034 | -21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €99,412 | €41,412 | -€58,000 | -58.3% |
| Other operating charges | 640/8 | €18,093 | €17,435 | -€658 | -3.6% |
| Non-recurring operating charges | 66A | - | €159 | +€159 | |
| Operating profit (loss) | 9901 | €213,466 | €312,908 | +€99,442 | +46.6% |
| Financial income | 75/76B | €118,681 | €144,880 | +€26,199 | +22.1% |
| Recurring financial income | 75 | €118,681 | €144,880 | +€26,199 | +22.1% |
| Other financial income | 752/9 | €118,681 | €144,880 | +€26,199 | +22.1% |
| Financial charges | 65/66B | €36,955 | €30,431 | -€6,524 | -17.7% |
| Recurring financial charges | 65 | €36,955 | €30,431 | -€6,524 | -17.7% |
| Debt charges | 650 | €36,061 | €29,055 | -€7,006 | -19.4% |
| Other financial charges | 652/9 | €895 | €1,376 | +€482 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €295,192 | €427,356 | +€132,165 | +44.8% |
| Income taxes | 67/77 | €72,906 | €112,853 | +€39,947 | +54.8% |
| Taxes | 670/3 | €72,906 | €112,853 | +€39,947 | +54.8% |
| Profit (loss) for the period | 9904 | €222,285 | €314,503 | +€92,218 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €222,285 | €314,503 | +€92,218 | +41.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.