MATELE: 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.
MATELE
Largest movements
- Receivables within one year -€67,280
down €67,280 (-20.1%), from €334,352 to €267,073
of which Other amounts receivable: -€98,540
- Current investments -€56,505
down €56,505 (-8.6%), from €656,505 to €600,000
- Deferred charges and accrued income +€32,939
up €32,939 (+2011.4%), from €1,638 to €34,576
- Tangible fixed assets -€28,016
down €28,016 (-8.9%), from €313,745 to €285,729
of which Leasing and similar rights: -€24,487
- Cash -€22,086
down €22,086 (-43.3%), from €50,969 to €28,883
mainly Provisions (-€130,346) and Investment in fixed assets (net) (-€66,860)
- Provisions -€130,346
down €130,346 (-58.0%), from €224,764 to €94,418
- Debts within one year +€56,513
up €56,513 (+12.9%), from €438,222 to €494,735
of which Tax, wage and social debts: +€79,800
- Accrued charges and deferred income -€52,560
down €52,560 (-98.3%), from €53,460 to €900
- Profit (loss) carried forward -€35,055
down €35,055 (-6.2%), from €562,599 to €527,543
- Investment grants +€31,411
up €31,411 (+58.3%), from €53,862 to €85,273
- Turnover +€582,472
new in 2025: €582,472
- Purchases and services +€426,581
new in 2025: €426,581
- Staff costs +€58,660
up €58,660 (+2.8%), from €2.1m to €2.1m
- Gross operating margin +€54,834
up €54,834 (+2.6%), from €2.1m to €2.2m
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €1,364,754 | €1,222,133 | -€142,621 | -10.5% |
| Fixed assets | 21/28 | €318,196 | €288,508 | -€29,688 | -9.3% |
| Intangible fixed assets | 21 | €4,451 | €2,778 | -€1,673 | -37.6% |
| Tangible fixed assets | 22/27 | €313,745 | €285,729 | -€28,016 | -8.9% |
| Land and buildings | 22 | €54,135 | €53,653 | -€482 | -0.9% |
| Furniture and vehicles | 24 | €221,893 | €218,846 | -€3,047 | -1.4% |
| Leasing and similar rights | 25 | €37,718 | €13,231 | -€24,487 | -64.9% |
| Current assets | 29/58 | €1,046,558 | €933,625 | -€112,933 | -10.8% |
| Amounts receivable after more than one year | 29 | €3,094 | €3,094 | = | 0.0% |
| Other amounts receivable | 291 | €3,094 | €3,094 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €334,352 | €267,073 | -€67,280 | -20.1% |
| Trade receivables | 40 | €222,646 | €253,906 | +€31,260 | +14.0% |
| Other amounts receivable | 41 | €111,706 | €13,166 | -€98,540 | -88.2% |
| Current investments | 50/53 | €656,505 | €600,000 | -€56,505 | -8.6% |
| Cash at bank and in hand | 54/58 | €50,969 | €28,883 | -€22,086 | -43.3% |
| Deferred charges and accrued income | 490/1 | €1,638 | €34,576 | +€32,939 | +2011.4% |
| Total equity and liabilities | 10/49 | €1,364,754 | €1,222,133 | -€142,621 | -10.5% |
| Equity | 10/15 | €616,461 | €612,817 | -€3,644 | -0.6% |
| Profit (loss) carried forward | 14 | €562,599 | €527,543 | -€35,055 | -6.2% |
| Investment grants | 15 | €53,862 | €85,273 | +€31,411 | +58.3% |
| Provisions and deferred taxes | 16 | €224,764 | €94,418 | -€130,346 | -58.0% |
| Provisions for liabilities and charges | 160/5 | €224,764 | €94,418 | -€130,346 | -58.0% |
| Environmental obligations | 163 | €224,764 | €94,418 | -€130,346 | -58.0% |
| Amounts payable | 17/49 | €523,530 | €514,899 | -€8,631 | -1.6% |
| Amounts payable after more than one year | 17 | €31,848 | €19,263 | -€12,584 | -39.5% |
| Financial debts | 170/4 | €31,848 | €19,263 | -€12,584 | -39.5% |
| Amounts payable within one year | 42/48 | €438,222 | €494,735 | +€56,513 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €35,123 | €12,584 | -€22,539 | -64.2% |
| Trade debts | 44 | €153,438 | €142,657 | -€10,781 | -7.0% |
| Suppliers | 440/4 | €153,438 | €142,657 | -€10,781 | -7.0% |
| Taxes, remuneration and social security | 45 | €249,662 | €329,461 | +€79,800 | +32.0% |
| Taxes | 450/3 | €31,453 | €42,057 | +€10,604 | +33.7% |
| Remuneration and social security | 454/9 | €218,209 | €287,404 | +€69,196 | +31.7% |
| Accrued charges and deferred income | 492/3 | €53,460 | €900 | -€52,560 | -98.3% |
| Turnover | 70 | - | €582,472 | +€582,472 | |
| Membership fees, donations, legacies and grants | 73 | - | €1,987,295 | +€2.0m | |
| Non-recurring operating income | 76A | €213 | €255 | +€42 | +20.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €426,581 | +€426,581 | |
| Remuneration, social security and pensions | 62 | €2,072,002 | €2,130,662 | +€58,660 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,507 | €96,549 | -€13,959 | -12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,388 | +€1,388 | |
| Other operating charges | 640/8 | €26,798 | €22,562 | -€4,236 | -15.8% |
| Non-recurring operating charges | 66A | - | €101,791 | +€101,791 | |
| Gross operating margin | 9900 | €2,108,650 | €2,163,484 | +€54,834 | +2.6% |
| Operating profit (loss) | 9901 | -€25,420 | -€59,121 | -€33,701 | -132.6% |
| Financial income | 75/76B | €28,685 | €30,709 | +€2,024 | +7.1% |
| Recurring financial income | 75 | €28,685 | €30,709 | +€2,024 | +7.1% |
| Financial charges | 65/66B | €1,919 | €1,919 | -€0 | 0.0% |
| Recurring financial charges | 65 | €1,919 | €1,919 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,346 | -€30,331 | -€31,677 | |
| Income taxes | 67/77 | €1,346 | €4,724 | +€3,378 | +251.0% |
| Profit (loss) for the period | 9904 | - | -€35,055 | -€35,055 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€35,055 | -€35,055 |
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 10 October 2026 via checked.be.