Materialex: 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.
Materialex
Largest movements
- Receivables within one year -€112,500
down €112,500 (-81.2%), from €138,534 to €26,034
of which Trade receivables: -€74,026
- Cash -€28,833
down €28,833 (-26.0%), from €110,793 to €81,960
mainly Advances received (-€112,734) and Other debts (-€26,966)
- Current investments +€15,000
new in 2025: €15,000
- Advances received -€112,734
down €112,734 (-100.0%), from €112,734 to €0
- Other debts -€26,966
down €26,966 (-100.0%), from €26,966 to €0
- Reserves +€26,555
up €26,555 (+25.4%), from €104,693 to €131,248
- Tax, wage and social debts -€12,628
down €12,628 (-100.0%), from €12,628 to €0
- Gross operating margin -€20,802
down €20,802 (-30.7%), from €67,651 to €46,848
- Taxes -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Financial charges -€1,374
down €1,374 (-44.1%), from €3,115 to €1,742
- Depreciation -€1,132
down €1,132 (-23.1%), from €4,898 to €3,766
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 | €273,303 | €146,753 | -€126,550 | -46.3% |
| Fixed assets | 21/28 | €23,976 | €23,759 | -€217 | -0.9% |
| Tangible fixed assets | 22/27 | €23,976 | €23,759 | -€217 | -0.9% |
| Land and buildings | 22 | €2,970 | €2,454 | -€516 | -17.4% |
| Plant, machinery and equipment | 23 | €15,975 | €13,384 | -€2,591 | -16.2% |
| Furniture and vehicles | 24 | €5,031 | €7,921 | +€2,890 | +57.5% |
| Current assets | 29/58 | €249,327 | €122,994 | -€126,333 | -50.7% |
| Amounts receivable within one year | 40/41 | €138,534 | €26,034 | -€112,500 | -81.2% |
| Trade receivables | 40 | €77,643 | €3,617 | -€74,026 | -95.3% |
| Other amounts receivable | 41 | €60,891 | €22,417 | -€38,474 | -63.2% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €110,793 | €81,960 | -€28,833 | -26.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €273,303 | €146,753 | -€126,550 | -46.3% |
| Equity | 10/15 | €119,567 | €145,905 | +€26,338 | +22.0% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €104,693 | €131,248 | +€26,555 | +25.4% |
| Distributable reserves | 133 | €104,693 | €131,248 | +€26,555 | +25.4% |
| Profit (loss) carried forward | 14 | €0 | -€217 | -€217 | |
| Amounts payable | 17/49 | €153,737 | €848 | -€152,888 | -99.4% |
| Amounts payable within one year | 42/48 | €153,016 | €848 | -€152,167 | -99.4% |
| Trade debts | 44 | €688 | €848 | +€160 | +23.3% |
| Suppliers | 440/4 | €688 | €848 | +€160 | +23.3% |
| Advances received on contracts in progress | 46 | €112,734 | €0 | -€112,734 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,628 | €0 | -€12,628 | -100.0% |
| Taxes | 450/3 | €12,628 | €0 | -€12,628 | -100.0% |
| Other amounts payable | 47/48 | €26,966 | €0 | -€26,966 | -100.0% |
| Accrued charges and deferred income | 492/3 | €721 | €0 | -€721 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,898 | €3,766 | -€1,132 | -23.1% |
| Other operating charges | 640/8 | €901 | €1,011 | +€110 | +12.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €67,651 | €46,848 | -€20,802 | -30.7% |
| Operating profit (loss) | 9901 | €61,851 | €42,070 | -€19,781 | -32.0% |
| Financial income | 75/76B | €1,266 | €1,010 | -€257 | -20.3% |
| Recurring financial income | 75 | €1,266 | €1,010 | -€257 | -20.3% |
| Financial charges | 65/66B | €3,115 | €1,742 | -€1,374 | -44.1% |
| Recurring financial charges | 65 | €3,115 | €1,742 | -€1,374 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €60,002 | €41,338 | -€18,664 | -31.1% |
| Income taxes | 67/77 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Profit (loss) for the period | 9904 | €40,002 | €26,338 | -€13,664 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,002 | €26,338 | -€13,664 | -34.2% |
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.