MATEXPORT: 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.
MATEXPORT
Largest movements
- Stocks and contracts +€728,168
up €728,168 (+32.9%), from €2.2m to €2.9m
- Receivables within one year -€239,966
down €239,966 (-11.2%), from €2.1m to €1.9m
of which Trade receivables: -€252,535
- Cash -€212,332
down €212,332 (-8.6%), from €2.5m to €2.2m
mainly Stocks and contracts (-€728,168) and Accrued charges and deferred income (-€82,489)
- Advances received +€150,000
up €150,000 (+176.5%), from €85,000 to €235,000
- Short-term financial debts +€101,091
up €101,091 (+4.4%), from €2.3m to €2.4m
- Accrued charges and deferred income -€82,489
down €82,489 (-11.2%), from €737,354 to €654,865
- Write-downs -€269,150
down €269,150 (-61.0%), from €441,495 to €172,345
- Gross operating margin -€195,264
down €195,264 (-25.5%), from €764,672 to €569,409
- Financial charges +€80,320
up €80,320 (+72.3%), from €111,135 to €191,456
- Staff costs -€41,069
down €41,069 (-23.0%), from €178,254 to €137,185
- Financial income +€21,573
up €21,573 (+123.7%), from €17,435 to €39,008
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,049,281 | €7,315,983 | +€266,702 | +3.8% |
| Fixed assets | 21/28 | €225,592 | €215,620 | -€9,973 | -4.4% |
| Tangible fixed assets | 22/27 | €12,108 | €2,135 | -€9,973 | -82.4% |
| Land and buildings | 22 | €12,108 | €2,135 | -€9,973 | -82.4% |
| Financial fixed assets | 28 | €213,485 | €213,485 | = | 0.0% |
| Current assets | 29/58 | €6,823,689 | €7,100,364 | +€276,675 | +4.1% |
| Stocks and contracts in progress | 3 | €2,211,279 | €2,939,447 | +€728,168 | +32.9% |
| Stocks | 30/36 | €2,211,279 | €2,939,447 | +€728,168 | +32.9% |
| Amounts receivable within one year | 40/41 | €2,136,564 | €1,896,598 | -€239,966 | -11.2% |
| Trade receivables | 40 | €431,289 | €178,755 | -€252,535 | -58.6% |
| Other amounts receivable | 41 | €1,705,275 | €1,717,843 | +€12,568 | +0.7% |
| Cash at bank and in hand | 54/58 | €2,460,157 | €2,247,825 | -€212,332 | -8.6% |
| Deferred charges and accrued income | 490/1 | €15,688 | €16,494 | +€806 | +5.1% |
| Total equity and liabilities | 10/49 | €7,049,281 | €7,315,983 | +€266,702 | +3.8% |
| Equity | 10/15 | €3,458,014 | €3,518,797 | +€60,783 | +1.8% |
| Contributions | 10/11 | €1,100,000 | €1,100,000 | = | 0.0% |
| Capital | 10 | €1,100,000 | €1,100,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €1,890,657 | €1,893,696 | +€3,039 | +0.2% |
| Non-distributable reserves | 130/1 | €35,491 | €38,530 | +€3,039 | +8.6% |
| Legal reserve | 130 | €35,491 | €38,530 | +€3,039 | +8.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,817,667 | €1,817,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €467,357 | €525,101 | +€57,744 | +12.4% |
| Amounts payable | 17/49 | €3,591,267 | €3,797,186 | +€205,920 | +5.7% |
| Amounts payable within one year | 42/48 | €2,853,912 | €3,142,321 | +€288,409 | +10.1% |
| Financial debts | 43 | €2,273,148 | €2,374,240 | +€101,091 | +4.4% |
| Credit institutions | 430/8 | €2,273,148 | €2,374,240 | +€101,091 | +4.4% |
| Trade debts | 44 | €315,517 | €374,434 | +€58,917 | +18.7% |
| Suppliers | 440/4 | €315,517 | €374,434 | +€58,917 | +18.7% |
| Advances received on contracts in progress | 46 | €85,000 | €235,000 | +€150,000 | +176.5% |
| Taxes, remuneration and social security | 45 | €87,757 | €65,104 | -€22,653 | -25.8% |
| Taxes | 450/3 | €27,685 | - | -€27,685 | |
| Remuneration and social security | 454/9 | €60,072 | €65,104 | +€5,032 | +8.4% |
| Other amounts payable | 47/48 | €92,490 | €93,544 | +€1,054 | +1.1% |
| Accrued charges and deferred income | 492/3 | €737,354 | €654,865 | -€82,489 | -11.2% |
| Remuneration, social security and pensions | 62 | €178,254 | €137,185 | -€41,069 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,973 | €9,973 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €441,495 | €172,345 | -€269,150 | -61.0% |
| Other operating charges | 640/8 | €11,578 | €13,557 | +€1,979 | +17.1% |
| Non-recurring operating charges | 66A | €98 | €370 | +€272 | +277.0% |
| Gross operating margin | 9900 | €764,672 | €569,409 | -€195,264 | -25.5% |
| Operating profit (loss) | 9901 | €123,274 | €235,978 | +€112,704 | +91.4% |
| Financial income | 75/76B | €17,435 | €39,008 | +€21,573 | +123.7% |
| Recurring financial income | 75 | €17,435 | €39,008 | +€21,573 | +123.7% |
| Financial charges | 65/66B | €111,135 | €191,456 | +€80,320 | +72.3% |
| Recurring financial charges | 65 | €111,135 | €191,456 | +€80,320 | +72.3% |
| Profit (loss) for the period before taxes | 9903 | €29,573 | €83,531 | +€53,957 | +182.5% |
| Income taxes | 67/77 | €9,290 | €22,748 | +€13,457 | +144.9% |
| Profit (loss) for the period | 9904 | €20,283 | €60,783 | +€40,500 | +199.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,283 | €60,783 | +€40,500 | +199.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.