MaTeSu Immo: what changed
What changed
MaTeSu Immo
filed annual accounts (NBB)
Net result for the year
-€595
2024 · -€213-€382
Equity
-€49,946
2024 · -€49,351-€595
Cash
€3,920
2024 · €2,184+€1,736
Balance sheet total
€375,734
2024 · €386,708-€10,974
Largest movements
Assets
- Tangible fixed assets -€12,758
down €12,758 (-3.6%), from €358,909 to €346,151
of which Land and buildings: -€12,471
Equity and liabilities
- Debts after one year -€9,501
down €9,501 (-2.3%), from €406,897 to €397,396
of which Financial debts: -€23,501
Income statement
- Gross operating margin -€446
down €446 (-2.1%), from €20,737 to €20,291
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
-€213
Gross operating margin
-€446
Depreciation
-€6
Other operating charges
-€68
Financial charges
+€138
Result 2025
-€595
raises the resultlowers the result
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
+€10,774
Investment
€0
Financing
-€9,037
Cash 2024
€2,184
From operations (derived)
+€10,774
Net result for the year
-€595
Depreciation
+€12,758
Deferred charges and accrued income
-€47
Trade debts
-€1,666
Other debts
-€1
Accrued charges and deferred income
+€325
Financing
-€9,037
Debts after one year
-€9,501
Current portion of long-term debt
+€463
Cash 2025
€3,920
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,708 | €375,734 | -€10,974 | -2.8% |
| Fixed assets | 21/28 | €383,909 | €371,151 | -€12,758 | -3.3% |
| Tangible fixed assets | 22/27 | €358,909 | €346,151 | -€12,758 | -3.6% |
| Land and buildings | 22 | €356,327 | €343,856 | -€12,471 | -3.5% |
| Plant, machinery and equipment | 23 | €2,582 | €2,296 | -€286 | -11.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €2,799 | €4,583 | +€1,784 | +63.7% |
| Cash at bank and in hand | 54/58 | €2,184 | €3,920 | +€1,736 | +79.5% |
| Deferred charges and accrued income | 490/1 | €615 | €662 | +€47 | +7.7% |
| Total equity and liabilities | 10/49 | €386,708 | €375,734 | -€10,974 | -2.8% |
| Equity | 10/15 | -€49,351 | -€49,946 | -€595 | -1.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,351 | -€99,946 | -€595 | -0.6% |
| Amounts payable | 17/49 | €436,059 | €425,680 | -€10,379 | -2.4% |
| Amounts payable after more than one year | 17 | €406,897 | €397,396 | -€9,501 | -2.3% |
| Financial debts | 170/4 | €165,897 | €142,396 | -€23,501 | -14.2% |
| Other amounts payable | 178/9 | €241,000 | €255,000 | +€14,000 | +5.8% |
| Amounts payable within one year | 42/48 | €25,281 | €24,078 | -€1,204 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €23,037 | €23,501 | +€463 | +2.0% |
| Trade debts | 44 | €1,800 | €134 | -€1,666 | -92.5% |
| Suppliers | 440/4 | €1,800 | €134 | -€1,666 | -92.5% |
| Other amounts payable | 47/48 | €444 | €443 | -€1 | -0.3% |
| Accrued charges and deferred income | 492/3 | €3,881 | €4,206 | +€325 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,751 | €12,758 | +€6 | 0.0% |
| Other operating charges | 640/8 | €2,151 | €2,219 | +€68 | +3.1% |
| Gross operating margin | 9900 | €20,737 | €20,291 | -€446 | -2.1% |
| Operating profit (loss) | 9901 | €5,834 | €5,314 | -€520 | -8.9% |
| Financial charges | 65/66B | €6,047 | €5,909 | -€138 | -2.3% |
| Recurring financial charges | 65 | €6,047 | €5,909 | -€138 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€213 | -€595 | -€382 | -179% |
| Profit (loss) for the period | 9904 | -€213 | -€595 | -€382 | -179% |
| Profit (loss) for the period to be appropriated | 9905 | -€213 | -€595 | -€382 | -179% |
Next steps
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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 2 November 2026 via checked.be.