MATERNE DORMAL: 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.
What changed
MATERNE DORMAL
NACE 47.271, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€351,651
2024 · €478,811-€127,160
Equity
€1.5m
2024 · €1.4m+€136,651
Cash
€710,774
2024 · €667,473+€43,301
Balance sheet total
€2.4m
2024 · €2.5m-€123,355
Largest movements
Assets
- Receivables within one year -€142,728
down €142,728 (-15.4%), from €929,031 to €786,303
of which Other amounts receivable: -€87,646
- Cash +€43,301
up €43,301 (+6.5%), from €667,473 to €710,774
mainly Net result for the year (+€351,651) and Receivables within one year (+€142,728)
Equity and liabilities
- Profit (loss) carried forward +€136,651
up €136,651 (+11.5%), from €1.2m to €1.3m
- Other debts -€125,000
down €125,000 (-36.6%), from €341,289 to €216,289
- Trade debts -€60,732
down €60,732 (-14.0%), from €433,982 to €373,250
- Debts after one year -€47,248
down €47,248 (-34.0%), from €139,167 to €91,919
Income statement
- Gross operating margin -€88,230
down €88,230 (-8.3%), from €1.1m to €980,944
- Staff costs +€80,771
up €80,771 (+19.6%), from €411,521 to €492,292
- Taxes -€41,229
down €41,229 (-24.6%), from €167,294 to €126,065
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.
Result 2024
€478,811
Gross operating margin
-€88,230
Staff costs
-€80,771
Depreciation
-€2,154
Write-downs
+€5,042
Other operating charges
-€733
Financial income
-€1,898
Financial charges
+€355
Taxes
+€41,229
Result 2025
€351,651
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€318,288
Investment
-€7,238
Financing
-€267,749
Cash 2024
€667,473
From operations (derived)
+€318,288
Net result for the year
+€351,651
Depreciation
+€31,774
Stocks and contracts
-€5,264
Receivables within one year
+€142,728
Deferred charges and accrued income
+€4,656
Trade debts
-€60,732
Tax, wage and social debts
-€21,552
Other debts
-€125,000
Accrued charges and deferred income
+€27
Investment (derived)
-€7,238
Investment in fixed assets (net)
-€7,238
Financing
-€267,749
Debts after one year
-€47,248
Current portion of long-term debt
-€5,501
Contributions, distributions and other
-€215,000
Cash 2025
€710,774
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,480,817 | €2,357,462 | -€123,355 | -5.0% |
| Fixed assets | 21/28 | €159,220 | €134,684 | -€24,536 | -15.4% |
| Intangible fixed assets | 21 | €12,277 | €8,555 | -€3,722 | -30.3% |
| Tangible fixed assets | 22/27 | €146,943 | €126,129 | -€20,814 | -14.2% |
| Land and buildings | 22 | €73,912 | €68,922 | -€4,990 | -6.8% |
| Plant, machinery and equipment | 23 | €5,763 | €3,783 | -€1,980 | -34.4% |
| Furniture and vehicles | 24 | €55,205 | €43,385 | -€11,820 | -21.4% |
| Other tangible fixed assets | 26 | €12,063 | €10,039 | -€2,024 | -16.8% |
| Current assets | 29/58 | €2,321,597 | €2,222,778 | -€98,819 | -4.3% |
| Stocks and contracts in progress | 3 | €703,670 | €708,934 | +€5,264 | +0.7% |
| Stocks | 30/36 | €703,670 | €708,934 | +€5,264 | +0.7% |
| Amounts receivable within one year | 40/41 | €929,031 | €786,303 | -€142,728 | -15.4% |
| Trade receivables | 40 | €695,488 | €640,406 | -€55,082 | -7.9% |
| Other amounts receivable | 41 | €233,543 | €145,897 | -€87,646 | -37.5% |
| Cash at bank and in hand | 54/58 | €667,473 | €710,774 | +€43,301 | +6.5% |
| Deferred charges and accrued income | 490/1 | €21,423 | €16,767 | -€4,656 | -21.7% |
| Total equity and liabilities | 10/49 | €2,480,817 | €2,357,462 | -€123,355 | -5.0% |
| Equity | 10/15 | €1,387,765 | €1,524,416 | +€136,651 | +9.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €130,947 | €130,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €118,552 | €118,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,186,818 | €1,323,469 | +€136,651 | +11.5% |
| Amounts payable | 17/49 | €1,093,052 | €833,046 | -€260,006 | -23.8% |
| Amounts payable after more than one year | 17 | €139,167 | €91,919 | -€47,248 | -34.0% |
| Financial debts | 170/4 | €139,167 | €91,919 | -€47,248 | -34.0% |
| Amounts payable within one year | 42/48 | €953,797 | €741,012 | -€212,785 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €58,270 | €52,769 | -€5,501 | -9.4% |
| Trade debts | 44 | €433,982 | €373,250 | -€60,732 | -14.0% |
| Suppliers | 440/4 | €433,982 | €373,250 | -€60,732 | -14.0% |
| Taxes, remuneration and social security | 45 | €120,256 | €98,704 | -€21,552 | -17.9% |
| Taxes | 450/3 | €53,753 | €48,747 | -€5,006 | -9.3% |
| Remuneration and social security | 454/9 | €66,503 | €49,957 | -€16,546 | -24.9% |
| Other amounts payable | 47/48 | €341,289 | €216,289 | -€125,000 | -36.6% |
| Accrued charges and deferred income | 492/3 | €88 | €115 | +€27 | +30.7% |
| Remuneration, social security and pensions | 62 | €411,521 | €492,292 | +€80,771 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,620 | €31,774 | +€2,154 | +7.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,042 | -€5,042 | |
| Other operating charges | 640/8 | €12,261 | €12,994 | +€733 | +6.0% |
| Gross operating margin | 9900 | €1,069,174 | €980,944 | -€88,230 | -8.3% |
| Operating profit (loss) | 9901 | €615,772 | €448,926 | -€166,846 | -27.1% |
| Financial income | 75/76B | €36,332 | €34,434 | -€1,898 | -5.2% |
| Recurring financial income | 75 | €35,919 | €34,381 | -€1,538 | -4.3% |
| Non-recurring financial income | 76B | €413 | €53 | -€360 | -87.2% |
| Financial charges | 65/66B | €5,999 | €5,644 | -€355 | -5.9% |
| Recurring financial charges | 65 | €5,999 | €5,644 | -€355 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €646,105 | €477,716 | -€168,389 | -26.1% |
| Income taxes | 67/77 | €167,294 | €126,065 | -€41,229 | -24.6% |
| Profit (loss) for the period | 9904 | €478,811 | €351,651 | -€127,160 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €478,811 | €351,651 | -€127,160 | -26.6% |
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 19 October 2026 via checked.be.