MATERSE BEHEERMAATSCHAPPIJ: what changed
What changed
MATERSE BEHEERMAATSCHAPPIJ
filed annual accounts (NBB)
Net result for the year
€22,793
2024 · €306,445-€283,652
Equity
€1.8m
2024 · €1.7m+€22,793
Cash
€174,727
2024 · €146,212+€28,515
Balance sheet total
€2.0m
2024 · €2.0m+€37,157
Largest movements
Assets
- Receivables within one year -€376,022
down €376,022 (-99.2%), from €378,993 to €2,971
of which Trade receivables: -€377,119
- Current investments +€320,000
up €320,000 (+107%), from €300,000 to €620,000
- Tangible fixed assets +€64,089
up €64,089 (+5.6%), from €1.1m to €1.2m
of which Land and buildings: +€64,315
- Cash +€28,515
up €28,515 (+19.5%), from €146,212 to €174,727
mainly Receivables within one year (+€376,022) and Depreciation (+€36,110)
Equity and liabilities
- Profit (loss) carried forward +€38,450
up €38,450 (+33.8%), from €113,904 to €152,354
Income statement
- Gross operating margin -€371,106
down €371,106 (-86.0%), from €431,512 to €60,406
- Taxes +€6,543
new in 2025: €6,543
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€306,445
Gross operating margin
-€371,106
Depreciation
-€3,131
Other operating charges
+€785
Financial income
+€2,599
Financial charges
-€73
Taxes
-€6,543
Deferred taxes and other
+€93,817
Result 2025
€22,793
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€448,714
Investment
-€420,199
Financing
€0
Cash 2024
€146,212
From operations (derived)
+€448,714
Net result for the year
+€22,793
Depreciation
+€36,110
Receivables within one year
+€376,022
Deferred charges and accrued income
-€576
Provisions
-€5,219
Trade debts
+€19,584
Investment (derived)
-€420,199
Investment in fixed assets (net)
-€100,199
Current investments
-€320,000
Cash 2025
€174,727
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,967,255 | €2,004,412 | +€37,157 | +1.9% |
| Fixed assets | 21/28 | €1,136,487 | €1,200,576 | +€64,089 | +5.6% |
| Tangible fixed assets | 22/27 | €1,136,487 | €1,200,576 | +€64,089 | +5.6% |
| Land and buildings | 22 | €1,135,568 | €1,199,883 | +€64,315 | +5.7% |
| Plant, machinery and equipment | 23 | €919 | €693 | -€226 | -24.6% |
| Current assets | 29/58 | €830,768 | €803,836 | -€26,932 | -3.2% |
| Amounts receivable within one year | 40/41 | €378,993 | €2,971 | -€376,022 | -99.2% |
| Trade receivables | 40 | €377,119 | - | -€377,119 | |
| Other amounts receivable | 41 | €1,873 | €2,971 | +€1,097 | +58.6% |
| Current investments | 50/53 | €300,000 | €620,000 | +€320,000 | +107% |
| Cash at bank and in hand | 54/58 | €146,212 | €174,727 | +€28,515 | +19.5% |
| Deferred charges and accrued income | 490/1 | €5,563 | €6,139 | +€576 | +10.3% |
| Total equity and liabilities | 10/49 | €1,967,255 | €2,004,412 | +€37,157 | +1.9% |
| Equity | 10/15 | €1,741,825 | €1,764,617 | +€22,793 | +1.3% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other | 1109/19 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €627,920 | €612,263 | -€15,657 | -2.5% |
| Tax-exempt reserves | 132 | €618,406 | €602,749 | -€15,657 | -2.5% |
| Distributable reserves | 133 | €9,514 | €9,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,904 | €152,354 | +€38,450 | +33.8% |
| Provisions and deferred taxes | 16 | €206,125 | €200,906 | -€5,219 | -2.5% |
| Deferred taxes | 168 | €206,125 | €200,906 | -€5,219 | -2.5% |
| Amounts payable | 17/49 | €19,305 | €38,888 | +€19,584 | +101% |
| Amounts payable within one year | 42/48 | €18,205 | €37,788 | +€19,584 | +108% |
| Trade debts | 44 | €7,583 | €27,167 | +€19,584 | +258% |
| Suppliers | 440/4 | €7,583 | €27,167 | +€19,584 | +258% |
| Other amounts payable | 47/48 | €10,622 | €10,622 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,100 | = | 0.0% |
| Non-recurring operating income | 76A | €372,617 | - | -€372,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,980 | €36,110 | +€3,131 | +9.5% |
| Other operating charges | 640/8 | €9,266 | €8,481 | -€785 | -8.5% |
| Gross operating margin | 9900 | €431,512 | €60,406 | -€371,106 | -86.0% |
| Operating profit (loss) | 9901 | €389,266 | €15,814 | -€373,452 | -95.9% |
| Financial income | 75/76B | €6,245 | €8,844 | +€2,599 | +41.6% |
| Recurring financial income | 75 | €6,245 | €8,844 | +€2,599 | +41.6% |
| Financial charges | 65/66B | €469 | €542 | +€73 | +15.6% |
| Recurring financial charges | 65 | €469 | €542 | +€73 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €395,042 | €24,116 | -€370,926 | -93.9% |
| Transfer from deferred taxes | 780 | €4,557 | €5,219 | +€663 | +14.5% |
| Transfer to deferred taxes | 680 | €93,154 | - | -€93,154 | |
| Income taxes | 67/77 | - | €6,543 | +€6,543 | |
| Profit (loss) for the period | 9904 | €306,445 | €22,793 | -€283,652 | -92.6% |
| Transfer from tax-exempt reserves | 789 | €13,670 | €15,657 | +€1,988 | +14.5% |
| Transfer to tax-exempt reserves | 689 | €279,463 | - | -€279,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,651 | €38,450 | -€2,202 | -5.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.