MATELEK: 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.
MATELEK
Largest movements
- Receivables within one year +€49,398
up €49,398 (+39.2%), from €125,953 to €175,351
of which Trade receivables: +€45,247
- Stocks and contracts -€36,980
down €36,980 (-38.8%), from €95,430 to €58,450
- Tangible fixed assets +€18,731
up €18,731 (+57.9%), from €32,335 to €51,066
of which Furniture and vehicles: +€22,240
- Cash +€7,524
up €7,524 (+2.6%), from €291,350 to €298,873
mainly Net result for the year (+€38,480) and Stocks and contracts (+€36,980)
- Profit (loss) carried forward +€38,480
up €38,480 (+8.9%), from €434,056 to €472,535
- Turnover -€940,349
no longer reported in 2025 (was €940,349)
- Purchases and services -€865,060
no longer reported in 2025 (was €865,060)
- Gross operating margin +€16,832
up €16,832 (+17.0%), from €99,240 to €116,071
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 | €546,051 | €584,566 | +€38,516 | +7.1% |
| Fixed assets | 21/28 | €32,606 | €51,337 | +€18,731 | +57.4% |
| Tangible fixed assets | 22/27 | €32,335 | €51,066 | +€18,731 | +57.9% |
| Land and buildings | 22 | €27,095 | €24,456 | -€2,639 | -9.7% |
| Plant, machinery and equipment | 23 | €2,357 | €1,487 | -€870 | -36.9% |
| Furniture and vehicles | 24 | €2,883 | €25,123 | +€22,240 | +771.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €513,445 | €533,229 | +€19,784 | +3.9% |
| Stocks and contracts in progress | 3 | €95,430 | €58,450 | -€36,980 | -38.8% |
| Stocks | 30/36 | €95,430 | €58,450 | -€36,980 | -38.8% |
| Amounts receivable within one year | 40/41 | €125,953 | €175,351 | +€49,398 | +39.2% |
| Trade receivables | 40 | €60,625 | €105,872 | +€45,247 | +74.6% |
| Other amounts receivable | 41 | €65,328 | €69,479 | +€4,151 | +6.4% |
| Cash at bank and in hand | 54/58 | €291,350 | €298,873 | +€7,524 | +2.6% |
| Deferred charges and accrued income | 490/1 | €712 | €555 | -€157 | -22.1% |
| Total equity and liabilities | 10/49 | €546,051 | €584,566 | +€38,516 | +7.1% |
| Equity | 10/15 | €498,293 | €536,772 | +€38,480 | +7.7% |
| Contributions | 10/11 | €30,491 | €30,491 | = | 0.0% |
| Reserves | 13 | €33,746 | €33,746 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €8,447 | €8,447 | = | 0.0% |
| Distributable reserves | 133 | €25,299 | €25,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | €434,056 | €472,535 | +€38,480 | +8.9% |
| Provisions and deferred taxes | 16 | €503 | €503 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €503 | €503 | = | 0.0% |
| Taxes | 161 | €503 | €503 | = | 0.0% |
| Amounts payable | 17/49 | €47,255 | €47,291 | +€36 | +0.1% |
| Amounts payable within one year | 42/48 | €47,255 | €47,291 | +€36 | +0.1% |
| Trade debts | 44 | €9,656 | €10,877 | +€1,222 | +12.7% |
| Suppliers | 440/4 | €9,656 | €10,582 | +€926 | +9.6% |
| Bills of exchange payable | 441 | - | €295 | +€295 | |
| Taxes, remuneration and social security | 45 | €37,599 | €36,414 | -€1,186 | -3.2% |
| Taxes | 450/3 | €27,869 | €30,044 | +€2,175 | +7.8% |
| Remuneration and social security | 454/9 | €9,731 | €6,370 | -€3,361 | -34.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €940,349 | - | -€940,349 | |
| Goods, raw materials, services and sundry goods | 60/61 | €865,060 | - | -€865,060 | |
| Remuneration, social security and pensions | 62 | €49,797 | €50,921 | +€1,124 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,314 | €9,643 | +€6,329 | +191.0% |
| Other operating charges | 640/8 | €5,960 | €4,678 | -€1,282 | -21.5% |
| Gross operating margin | 9900 | €99,240 | €116,071 | +€16,832 | +17.0% |
| Operating profit (loss) | 9901 | €40,169 | €50,829 | +€10,660 | +26.5% |
| Financial income | 75/76B | €1,709 | €2,424 | +€716 | +41.9% |
| Recurring financial income | 75 | €1,709 | €2,424 | +€716 | +41.9% |
| Financial charges | 65/66B | €288 | €55 | -€233 | -80.8% |
| Recurring financial charges | 65 | €288 | €55 | -€233 | -80.8% |
| Profit (loss) for the period before taxes | 9903 | €41,589 | €53,198 | +€11,609 | +27.9% |
| Income taxes | 67/77 | €14,385 | €14,719 | +€334 | +2.3% |
| Profit (loss) for the period | 9904 | €27,204 | €38,480 | +€11,275 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,204 | €38,480 | +€11,275 | +41.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.