Matel Consult & 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.
Matel Consult & Construct
Largest movements
- Receivables within one year +€299,727
up €299,727 (+67.3%), from €445,491 to €745,218
of which Other amounts receivable: +€372,642
- Cash -€97,353
down €97,353 (-83.2%), from €116,958 to €19,605
mainly Receivables within one year (-€299,727) and Debts after one year (-€146,863)
- Other debts +€354,212
up €354,212 (+23.5%), from €1.5m to €1.9m
- Debts after one year -€146,863
down €146,863 (-5.5%), from €2.6m to €2.5m
- Trade debts +€145,467
up €145,467 (+113.0%), from €128,679 to €274,146
- Accrued charges and deferred income -€106,551
down €106,551 (-100.0%), from €106,551 to €0
- Tax, wage and social debts -€72,112
down €72,112 (-93.0%), from €77,571 to €5,460
of which Taxes: -€74,562
- Gross operating margin -€155,576
down €155,576 (-68.1%), from €228,364 to €72,788
- Financial charges -€110,706
down €110,706 (-82.9%), from €133,461 to €22,755
- Taxes -€5,843
down €5,843 (-97.8%), from €5,974 to €131
- Other operating charges +€2,715
up €2,715 (+16.9%), from €16,077 to €18,792
- Depreciation -€2,697
down €2,697 (-5.7%), from €47,119 to €44,422
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 | €6,796,919 | €7,025,989 | +€229,071 | +3.4% |
| Fixed assets | 21/28 | €6,228,546 | €6,251,949 | +€23,402 | +0.4% |
| Tangible fixed assets | 22/27 | €1,032,154 | €1,055,556 | +€23,402 | +2.3% |
| Land and buildings | 22 | €371,528 | €401,755 | +€30,228 | +8.1% |
| Plant, machinery and equipment | 23 | €20,771 | €15,349 | -€5,422 | -26.1% |
| Furniture and vehicles | 24 | €10,366 | €4,749 | -€5,618 | -54.2% |
| Assets under construction and advance payments | 27 | €629,489 | €633,703 | +€4,214 | +0.7% |
| Financial fixed assets | 28 | €5,196,393 | €5,196,393 | = | 0.0% |
| Current assets | 29/58 | €568,372 | €774,041 | +€205,669 | +36.2% |
| Amounts receivable within one year | 40/41 | €445,491 | €745,218 | +€299,727 | +67.3% |
| Trade receivables | 40 | €200,069 | €127,154 | -€72,915 | -36.4% |
| Other amounts receivable | 41 | €245,422 | €618,064 | +€372,642 | +151.8% |
| Cash at bank and in hand | 54/58 | €116,958 | €19,605 | -€97,353 | -83.2% |
| Deferred charges and accrued income | 490/1 | €5,923 | €9,218 | +€3,294 | +55.6% |
| Total equity and liabilities | 10/49 | €6,796,919 | €7,025,989 | +€229,071 | +3.4% |
| Equity | 10/15 | €2,122,165 | €2,111,583 | -€10,582 | -0.5% |
| Contributions | 10/11 | €756,610 | €756,610 | = | 0.0% |
| Reserves | 13 | €1,365,555 | €1,354,973 | -€10,582 | -0.8% |
| Non-distributable reserves | 130/1 | €77,146 | €77,146 | = | 0.0% |
| Reserves not available under the articles | 1311 | €77,146 | €77,146 | = | 0.0% |
| Distributable reserves | 133 | €1,288,410 | €1,277,827 | -€10,582 | -0.8% |
| Provisions and deferred taxes | 16 | €56,344 | €56,344 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €56,344 | €56,344 | = | 0.0% |
| Pensions and similar obligations | 160 | €56,344 | €56,344 | = | 0.0% |
| Amounts payable | 17/49 | €4,618,409 | €4,858,062 | +€239,653 | +5.2% |
| Amounts payable after more than one year | 17 | €2,647,651 | €2,500,788 | -€146,863 | -5.5% |
| Financial debts | 170/4 | €2,647,651 | €2,500,788 | -€146,863 | -5.5% |
| Amounts payable within one year | 42/48 | €1,864,207 | €2,357,274 | +€493,067 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €153,863 | €155,196 | +€1,333 | +0.9% |
| Financial debts | 43 | - | €64,167 | +€64,167 | |
| Other loans | 439 | - | €64,167 | +€64,167 | |
| Trade debts | 44 | €128,679 | €274,146 | +€145,467 | +113.0% |
| Suppliers | 440/4 | €128,679 | €274,146 | +€145,467 | +113.0% |
| Taxes, remuneration and social security | 45 | €77,571 | €5,460 | -€72,112 | -93.0% |
| Taxes | 450/3 | €77,571 | €3,010 | -€74,562 | -96.1% |
| Remuneration and social security | 454/9 | - | €2,450 | +€2,450 | |
| Other amounts payable | 47/48 | €1,504,094 | €1,858,306 | +€354,212 | +23.5% |
| Accrued charges and deferred income | 492/3 | €106,551 | €0 | -€106,551 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,119 | €44,422 | -€2,697 | -5.7% |
| Other operating charges | 640/8 | €16,077 | €18,792 | +€2,715 | +16.9% |
| Gross operating margin | 9900 | €228,364 | €72,788 | -€155,576 | -68.1% |
| Operating profit (loss) | 9901 | €165,169 | €9,574 | -€155,594 | -94.2% |
| Financial income | 75/76B | €1,028 | €2,730 | +€1,702 | +165.6% |
| Recurring financial income | 75 | €1,028 | €2,730 | +€1,702 | +165.6% |
| Financial charges | 65/66B | €133,461 | €22,755 | -€110,706 | -82.9% |
| Recurring financial charges | 65 | €133,461 | €22,755 | -€110,706 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €32,735 | -€10,451 | -€43,187 | |
| Income taxes | 67/77 | €5,974 | €131 | -€5,843 | -97.8% |
| Profit (loss) for the period | 9904 | €26,761 | -€10,582 | -€37,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,761 | -€10,582 | -€37,344 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.