MATERFOR: 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.
MATERFOR
Largest movements
- Stocks and contracts -€2,155
down €2,155 (-7.2%), from €30,097 to €27,942
- Other debts +€15,100
up €15,100 (+3.2%), from €467,978 to €483,078
- Profit (loss) carried forward -€11,440
down €11,440 (-2.1%), from -€537,002 to -€548,441
- Trade debts -€3,552
no longer reported in 2025 (was €3,552)
- Current portion of long-term debt -€2,333
no longer reported in 2025 (was €2,333)
- Gross operating margin -€2,368
down €2,368 (-47.0%), from -€5,042 to -€7,410
- Financial charges +€914
up €914 (+32.1%), from €2,847 to €3,762
- Financial income +€119
new in 2025: €119
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 | €35,609 | €33,386 | -€2,223 | -6.2% |
| Current assets | 29/58 | €35,609 | €33,386 | -€2,223 | -6.2% |
| Stocks and contracts in progress | 3 | €30,097 | €27,942 | -€2,155 | -7.2% |
| Stocks | 30/36 | €30,097 | €27,942 | -€2,155 | -7.2% |
| Amounts receivable within one year | 40/41 | €5,298 | €5,444 | +€146 | +2.7% |
| Trade receivables | 40 | €3,519 | €3,833 | +€314 | +8.9% |
| Other amounts receivable | 41 | €1,780 | €1,611 | -€168 | -9.5% |
| Cash at bank and in hand | 54/58 | €214 | - | -€214 | |
| Total equity and liabilities | 10/49 | €35,609 | €33,386 | -€2,223 | -6.2% |
| Equity | 10/15 | -€451,929 | -€463,369 | -€11,440 | -2.5% |
| Contributions | 10/11 | €61,737 | €61,737 | = | 0.0% |
| Capital | 10 | €61,737 | €61,737 | = | 0.0% |
| Issued capital | 100 | €61,737 | €61,737 | = | 0.0% |
| Reserves | 13 | €23,335 | €23,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,335 | €4,335 | = | 0.0% |
| Legal reserve | 130 | €4,335 | €4,335 | = | 0.0% |
| Distributable reserves | 133 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€537,002 | -€548,441 | -€11,440 | -2.1% |
| Amounts payable | 17/49 | €487,539 | €496,755 | +€9,216 | +1.9% |
| Amounts payable within one year | 42/48 | €487,539 | €496,755 | +€9,216 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €2,333 | - | -€2,333 | |
| Financial debts | 43 | €13,675 | €13,352 | -€324 | -2.4% |
| Credit institutions | 430/8 | €13,675 | €13,352 | -€324 | -2.4% |
| Trade debts | 44 | €3,552 | - | -€3,552 | |
| Suppliers | 440/4 | €3,552 | - | -€3,552 | |
| Taxes, remuneration and social security | 45 | - | €325 | +€325 | |
| Taxes | 450/3 | - | €325 | +€325 | |
| Other amounts payable | 47/48 | €467,978 | €483,078 | +€15,100 | +3.2% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€5,042 | -€7,410 | -€2,368 | -47.0% |
| Operating profit (loss) | 9901 | -€5,426 | -€7,797 | -€2,371 | -43.7% |
| Financial income | 75/76B | - | €119 | +€119 | |
| Recurring financial income | 75 | - | €119 | +€119 | |
| Financial charges | 65/66B | €2,847 | €3,762 | +€914 | +32.1% |
| Recurring financial charges | 65 | €2,847 | €3,762 | +€914 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,274 | -€11,440 | -€3,166 | -38.3% |
| Profit (loss) for the period | 9904 | -€8,274 | -€11,440 | -€3,166 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,274 | -€11,440 | -€3,166 | -38.3% |
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 6 October 2026 via checked.be.