MATEXI BRUSSEL: 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.
MATEXI BRUSSEL
Largest movements
- Stocks and contracts -€5.2m
down €5.2m (-77.6%), from €6.7m to €1.5m
of which Stocks: -€5.1m
- Financial fixed assets +€1.4m
up €1.4m (+11.7%), from €12.2m to €13.6m
- Receivables within one year -€196,654
down €196,654 (-33.0%), from €595,480 to €398,827
of which Trade receivables: -€194,827
- Advances received -€3.0m
down €3.0m (-99.8%), from €3.0m to €5,269
- Profit (loss) carried forward -€872,905
down €872,905, from €461,637 to -€411,267
- Gross operating margin -€887,331
down €887,331 (-263%), from -€337,415 to -€1.2m
- Financial income +€164,636
up €164,636 (+36.6%), from €450,209 to €614,845
- Other operating charges -€39,859
down €39,859 (-13.3%), from €300,410 to €260,551
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,413,953 | €15,464,002 | -€3.9m | -20.3% |
| Fixed assets | 21/28 | €12,153,079 | €13,569,907 | +€1.4m | +11.7% |
| Financial fixed assets | 28 | €12,153,079 | €13,569,907 | +€1.4m | +11.7% |
| Current assets | 29/58 | €7,260,873 | €1,894,095 | -€5.4m | -73.9% |
| Stocks and contracts in progress | 3 | €6,665,393 | €1,495,268 | -€5.2m | -77.6% |
| Stocks | 30/36 | €6,603,178 | €1,495,268 | -€5.1m | -77.4% |
| Contracts in progress | 37 | €62,215 | - | -€62,215 | |
| Amounts receivable within one year | 40/41 | €595,480 | €398,827 | -€196,654 | -33.0% |
| Trade receivables | 40 | €593,645 | €398,818 | -€194,827 | -32.8% |
| Other amounts receivable | 41 | €1,836 | €9 | -€1,827 | -99.5% |
| Total equity and liabilities | 10/49 | €19,413,953 | €15,464,002 | -€3.9m | -20.3% |
| Equity | 10/15 | €16,251,849 | €15,378,944 | -€872,905 | -5.4% |
| Contributions | 10/11 | €14,917,500 | €14,917,500 | = | 0.0% |
| Capital | 10 | €14,917,500 | €14,917,500 | = | 0.0% |
| Issued capital | 100 | €14,917,500 | €14,917,500 | = | 0.0% |
| Reserves | 13 | €872,711 | €872,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €872,711 | €872,711 | = | 0.0% |
| Legal reserve | 130 | €872,711 | €872,711 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,637 | -€411,267 | -€872,905 | |
| Amounts payable | 17/49 | €3,162,104 | €85,058 | -€3.1m | -97.3% |
| Amounts payable within one year | 42/48 | €3,153,229 | €81,308 | -€3.1m | -97.4% |
| Trade debts | 44 | €144,931 | €76,039 | -€68,892 | -47.5% |
| Suppliers | 440/4 | €144,931 | €76,039 | -€68,892 | -47.5% |
| Advances received on contracts in progress | 46 | €3,002,344 | €5,269 | -€3.0m | -99.8% |
| Taxes, remuneration and social security | 45 | €5,955 | - | -€5,955 | |
| Taxes | 450/3 | €5,955 | - | -€5,955 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,875 | €3,750 | -€5,125 | -57.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €300,410 | €260,551 | -€39,859 | -13.3% |
| Gross operating margin | 9900 | -€337,415 | -€1,224,747 | -€887,331 | -263% |
| Operating profit (loss) | 9901 | -€637,825 | -€1,485,298 | -€847,472 | -133% |
| Financial income | 75/76B | €450,209 | €614,845 | +€164,636 | +36.6% |
| Recurring financial income | 75 | €450,209 | €614,845 | +€164,636 | +36.6% |
| Financial charges | 65/66B | €864 | €2,452 | +€1,588 | +184% |
| Recurring financial charges | 65 | €864 | €2,452 | +€1,588 | +184% |
| Profit (loss) for the period before taxes | 9903 | -€188,480 | -€872,905 | -€684,425 | -363% |
| Profit (loss) for the period | 9904 | -€188,480 | -€872,905 | -€684,425 | -363% |
| Profit (loss) for the period to be appropriated | 9905 | -€188,480 | -€872,905 | -€684,425 | -363% |
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.