MATERNE CONSTRUCTIONS: 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.
MATERNE CONSTRUCTIONS
Largest movements
- Tangible fixed assets -€65,459
down €65,459 (-54.3%), from €120,487 to €55,028
of which Furniture and vehicles: -€51,786
- Cash -€6,283
down €6,283 (-8.9%), from €70,727 to €64,444
mainly Debts after one year (-€43,843) and Tax, wage and social debts (-€15,556)
- Deferred charges and accrued income -€5,996
down €5,996 (-78.1%), from €7,680 to €1,683
- Stocks and contracts +€2,700
up €2,700 (+32.5%), from €8,300 to €11,000
- Receivables within one year +€2,452
up €2,452 (+151.7%), from €1,616 to €4,069
of which Other amounts receivable: +€2,065
- Debts after one year -€43,843
down €43,843 (-68.1%), from €64,376 to €20,533
- Reserves +€17,049
up €17,049 (+55.8%), from €30,534 to €47,583
- Tax, wage and social debts -€15,556
down €15,556 (-82.2%), from €18,916 to €3,360
of which Taxes: -€14,165
- Current portion of long-term debt -€11,878
down €11,878 (-65.5%), from €18,120 to €6,243
- Trade debts -€9,327
down €9,327 (-93.1%), from €10,017 to €691
- Staff costs -€24,067
down €24,067 (-40.9%), from €58,821 to €34,753
- Gross operating margin -€21,713
down €21,713 (-20.7%), from €104,752 to €83,039
- Depreciation -€16,609
down €16,609 (-45.4%), from €36,588 to €19,979
- Taxes +€5,953
new in 2025: €5,953
- Financial charges +€2,173
up €2,173 (+59.2%), from €3,673 to €5,846
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 | €217,659 | €145,073 | -€72,586 | -33.3% |
| Fixed assets | 21/28 | €129,337 | €63,877 | -€65,459 | -50.6% |
| Tangible fixed assets | 22/27 | €120,487 | €55,028 | -€65,459 | -54.3% |
| Plant, machinery and equipment | 23 | €8,467 | €3,227 | -€5,240 | -61.9% |
| Furniture and vehicles | 24 | €79,047 | €27,261 | -€51,786 | -65.5% |
| Leasing and similar rights | 25 | €32,974 | €24,540 | -€8,434 | -25.6% |
| Financial fixed assets | 28 | €8,849 | €8,849 | = | 0.0% |
| Current assets | 29/58 | €88,323 | €81,196 | -€7,127 | -8.1% |
| Stocks and contracts in progress | 3 | €8,300 | €11,000 | +€2,700 | +32.5% |
| Stocks | 30/36 | €8,300 | €11,000 | +€2,700 | +32.5% |
| Amounts receivable within one year | 40/41 | €1,616 | €4,069 | +€2,452 | +151.7% |
| Trade receivables | 40 | €1,616 | €2,004 | +€387 | +24.0% |
| Other amounts receivable | 41 | - | €2,065 | +€2,065 | |
| Cash at bank and in hand | 54/58 | €70,727 | €64,444 | -€6,283 | -8.9% |
| Deferred charges and accrued income | 490/1 | €7,680 | €1,683 | -€5,996 | -78.1% |
| Total equity and liabilities | 10/49 | €217,659 | €145,073 | -€72,586 | -33.3% |
| Equity | 10/15 | €46,882 | €63,071 | +€16,189 | +34.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €30,534 | €47,583 | +€17,049 | +55.8% |
| Distributable reserves | 133 | €30,534 | €47,583 | +€17,049 | +55.8% |
| Profit (loss) carried forward | 14 | €1,348 | €488 | -€860 | -63.8% |
| Amounts payable | 17/49 | €170,778 | €82,002 | -€88,775 | -52.0% |
| Amounts payable after more than one year | 17 | €64,376 | €20,533 | -€43,843 | -68.1% |
| Financial debts | 170/4 | €64,376 | €20,533 | -€43,843 | -68.1% |
| Amounts payable within one year | 42/48 | €106,402 | €61,469 | -€44,932 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €18,120 | €6,243 | -€11,878 | -65.5% |
| Trade debts | 44 | €10,017 | €691 | -€9,327 | -93.1% |
| Suppliers | 440/4 | €10,017 | €691 | -€9,327 | -93.1% |
| Taxes, remuneration and social security | 45 | €18,916 | €3,360 | -€15,556 | -82.2% |
| Taxes | 450/3 | €15,760 | €1,595 | -€14,165 | -89.9% |
| Remuneration and social security | 454/9 | €3,156 | €1,765 | -€1,391 | -44.1% |
| Other amounts payable | 47/48 | €59,348 | €51,176 | -€8,172 | -13.8% |
| Non-recurring operating income | 76A | - | €19,630 | +€19,630 | |
| Remuneration, social security and pensions | 62 | €58,821 | €34,753 | -€24,067 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,588 | €19,979 | -€16,609 | -45.4% |
| Other operating charges | 640/8 | €1,344 | €441 | -€903 | -67.2% |
| Non-recurring operating charges | 66A | €2,681 | - | -€2,681 | |
| Gross operating margin | 9900 | €104,752 | €83,039 | -€21,713 | -20.7% |
| Operating profit (loss) | 9901 | €5,319 | €27,866 | +€22,547 | +423.9% |
| Financial income | 75/76B | €562 | €982 | +€420 | +74.7% |
| Recurring financial income | 75 | €562 | €982 | +€420 | +74.7% |
| Financial charges | 65/66B | €3,673 | €5,846 | +€2,173 | +59.2% |
| Recurring financial charges | 65 | €3,673 | €5,846 | +€2,173 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €2,208 | €23,001 | +€20,794 | +941.9% |
| Income taxes | 67/77 | - | €5,953 | +€5,953 | |
| Profit (loss) for the period | 9904 | €2,208 | €17,049 | +€14,841 | +672.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,208 | €17,049 | +€14,841 | +672.3% |
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 12 October 2026 via checked.be.