MATERRE: 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.
MATERRE
Largest movements
- Receivables within one year -€19,382
down €19,382 (-35.2%), from €55,085 to €35,703
of which Other amounts receivable: -€21,864
- Cash -€5,917
down €5,917 (-3.3%), from €179,608 to €173,691
mainly Contributions, distributions and other (-€170,000) and Investment in fixed assets (net) (-€6,074)
- Reserves -€111,781
down €111,781 (-65.8%), from €170,000 to €58,219
- Other debts +€54,602
up €54,602 (+109.2%), from €50,000 to €104,602
- Tax, wage and social debts +€31,631
up €31,631 (+735.4%), from €4,301 to €35,931
- Gross operating margin -€20,142
down €20,142 (-20.2%), from €99,945 to €79,803
- Taxes -€4,542
down €4,542 (-22.9%), from €19,847 to €15,305
- Depreciation -€1,161
down €1,161 (-14.9%), from €7,815 to €6,654
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 | €246,717 | €220,876 | -€25,841 | -10.5% |
| Fixed assets | 21/28 | €11,281 | €10,701 | -€580 | -5.1% |
| Tangible fixed assets | 22/27 | €11,281 | €10,701 | -€580 | -5.1% |
| Plant, machinery and equipment | 23 | €6,441 | €6,634 | +€194 | +3.0% |
| Furniture and vehicles | 24 | €2,136 | €2,004 | -€132 | -6.2% |
| Other tangible fixed assets | 26 | €2,704 | €2,063 | -€641 | -23.7% |
| Current assets | 29/58 | €235,436 | €210,175 | -€25,262 | -10.7% |
| Amounts receivable within one year | 40/41 | €55,085 | €35,703 | -€19,382 | -35.2% |
| Trade receivables | 40 | €33,221 | €35,703 | +€2,482 | +7.5% |
| Other amounts receivable | 41 | €21,864 | €0 | -€21,864 | -100.0% |
| Cash at bank and in hand | 54/58 | €179,608 | €173,691 | -€5,917 | -3.3% |
| Deferred charges and accrued income | 490/1 | €743 | €781 | +€38 | +5.1% |
| Total equity and liabilities | 10/49 | €246,717 | €220,876 | -€25,841 | -10.5% |
| Equity | 10/15 | €190,354 | €78,219 | -€112,135 | -58.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €170,000 | €58,219 | -€111,781 | -65.8% |
| Distributable reserves | 133 | €170,000 | €58,219 | -€111,781 | -65.8% |
| Profit (loss) carried forward | 14 | €354 | €0 | -€354 | -100.0% |
| Amounts payable | 17/49 | €56,363 | €142,657 | +€86,294 | +153.1% |
| Amounts payable within one year | 42/48 | €56,363 | €142,657 | +€86,294 | +153.1% |
| Trade debts | 44 | €2,062 | €2,124 | +€62 | +3.0% |
| Suppliers | 440/4 | €2,062 | €2,124 | +€62 | +3.0% |
| Taxes, remuneration and social security | 45 | €4,301 | €35,931 | +€31,631 | +735.4% |
| Taxes | 450/3 | €4,301 | €35,931 | +€31,631 | +735.4% |
| Other amounts payable | 47/48 | €50,000 | €104,602 | +€54,602 | +109.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,815 | €6,654 | -€1,161 | -14.9% |
| Other operating charges | 640/8 | €534 | €1,204 | +€670 | +125.4% |
| Gross operating margin | 9900 | €99,945 | €79,803 | -€20,142 | -20.2% |
| Operating profit (loss) | 9901 | €91,596 | €71,945 | -€19,651 | -21.5% |
| Financial income | 75/76B | €406 | €1,260 | +€855 | +210.7% |
| Recurring financial income | 75 | €406 | €1,260 | +€855 | +210.7% |
| Financial charges | 65/66B | €320 | €36 | -€284 | -88.8% |
| Recurring financial charges | 65 | €320 | €36 | -€284 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €91,682 | €73,169 | -€18,512 | -20.2% |
| Income taxes | 67/77 | €19,847 | €15,305 | -€4,542 | -22.9% |
| Profit (loss) for the period | 9904 | €71,835 | €57,865 | -€13,970 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,835 | €57,865 | -€13,970 | -19.4% |
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 5 October 2026 via checked.be.