MATEL: 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.
MATEL
Largest movements
- Tangible fixed assets -€22,432
down €22,432 (-13.2%), from €169,560 to €147,128
of which Land and buildings: -€20,548
- Debts after one year -€32,892
down €32,892 (-25.5%), from €129,238 to €96,346
- Other debts +€17,058
up €17,058 (+7.2%), from €237,814 to €254,872
- Profit (loss) carried forward -€9,122
down €9,122 (-3.2%), from -€288,547 to -€297,669
- Trade debts +€2,561
up €2,561, from €0 to €2,561
- Gross operating margin +€8,337
up €8,337 (+40.5%), from €20,579 to €28,917
- Depreciation -€560
down €560 (-1.9%), from €29,026 to €28,466
- Financial charges -€560
down €560 (-17.3%), from €3,245 to €2,685
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 | €172,332 | €150,502 | -€21,830 | -12.7% |
| Fixed assets | 21/28 | €169,560 | €147,128 | -€22,432 | -13.2% |
| Tangible fixed assets | 22/27 | €169,560 | €147,128 | -€22,432 | -13.2% |
| Land and buildings | 22 | €159,621 | €139,073 | -€20,548 | -12.9% |
| Plant, machinery and equipment | 23 | €9,939 | €8,055 | -€1,884 | -19.0% |
| Current assets | 29/58 | €2,772 | €3,374 | +€603 | +21.7% |
| Cash at bank and in hand | 54/58 | €2,728 | €3,329 | +€601 | +22.0% |
| Deferred charges and accrued income | 490/1 | €44 | €45 | +€1 | +2.9% |
| Total equity and liabilities | 10/49 | €172,332 | €150,502 | -€21,830 | -12.7% |
| Equity | 10/15 | -€227,047 | -€236,169 | -€9,122 | -4.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€288,547 | -€297,669 | -€9,122 | -3.2% |
| Amounts payable | 17/49 | €399,379 | €386,671 | -€12,708 | -3.2% |
| Amounts payable after more than one year | 17 | €129,238 | €96,346 | -€32,892 | -25.5% |
| Financial debts | 170/4 | €129,238 | €96,346 | -€32,892 | -25.5% |
| Amounts payable within one year | 42/48 | €270,141 | €290,325 | +€20,184 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €32,327 | €32,892 | +€565 | +1.7% |
| Trade debts | 44 | €0 | €2,561 | +€2,561 | |
| Suppliers | 440/4 | €0 | €2,561 | +€2,561 | |
| Other amounts payable | 47/48 | €237,814 | €254,872 | +€17,058 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,026 | €28,466 | -€560 | -1.9% |
| Other operating charges | 640/8 | €6,674 | €6,888 | +€213 | +3.2% |
| Gross operating margin | 9900 | €20,579 | €28,917 | +€8,337 | +40.5% |
| Operating profit (loss) | 9901 | -€15,121 | -€6,437 | +€8,684 | +57.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €3,245 | €2,685 | -€560 | -17.3% |
| Recurring financial charges | 65 | €3,245 | €2,685 | -€560 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,363 | -€9,122 | +€9,241 | +50.3% |
| Profit (loss) for the period | 9904 | -€18,363 | -€9,122 | +€9,241 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,363 | -€9,122 | +€9,241 | +50.3% |
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 11 October 2026 via checked.be.