MATGECO: 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.
MATGECO
Largest movements
- Stocks and contracts +€336,147
up €336,147 (+175.6%), from €191,392 to €527,539
- Cash +€143,150
up €143,150 (+32.2%), from €444,242 to €587,392
mainly Net result for the year (+€911,001) and Depreciation (+€252,138)
- Receivables within one year -€68,550
down €68,550 (-15.5%), from €442,211 to €373,660
of which Trade receivables: -€88,550
- Reserves +€300,000
up €300,000 (+18.8%), from €1.6m to €1.9m
of which Distributable reserves: +€300,000
- Debts after one year -€141,226
down €141,226 (-7.8%), from €1.8m to €1.7m
of which Financial debts: -€141,226
- Profit (loss) carried forward +€111,001
up €111,001 (+10.8%), from €1.0m to €1.1m
- Trade debts +€77,509
up €77,509 (+222.7%), from €34,800 to €112,309
- Gross operating margin +€441,475
up €441,475 (+44.2%), from €999,645 to €1.4m
- Taxes +€149,533
up €149,533 (+174.5%), from €85,677 to €235,210
- Staff costs +€116,075
up €116,075 (+56.5%), from €205,296 to €321,372
- Depreciation +€80,838
up €80,838 (+47.2%), from €171,300 to €252,138
- Financial charges +€17,455
up €17,455 (+25.8%), from €67,631 to €85,085
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 | €5,270,355 | €5,684,377 | +€414,022 | +7.9% |
| Fixed assets | 21/28 | €4,177,789 | €4,177,049 | -€740 | 0.0% |
| Tangible fixed assets | 22/27 | €3,461,444 | €3,460,704 | -€740 | 0.0% |
| Land and buildings | 22 | €2,503,035 | €2,527,216 | +€24,181 | +1.0% |
| Plant, machinery and equipment | 23 | €348,909 | €340,628 | -€8,282 | -2.4% |
| Furniture and vehicles | 24 | €609,500 | €592,860 | -€16,640 | -2.7% |
| Financial fixed assets | 28 | €716,345 | €716,345 | = | 0.0% |
| Current assets | 29/58 | €1,092,566 | €1,507,328 | +€414,762 | +38.0% |
| Stocks and contracts in progress | 3 | €191,392 | €527,539 | +€336,147 | +175.6% |
| Stocks | 30/36 | €191,392 | €527,539 | +€336,147 | +175.6% |
| Amounts receivable within one year | 40/41 | €442,211 | €373,660 | -€68,550 | -15.5% |
| Trade receivables | 40 | €442,211 | €353,660 | -€88,550 | -20.0% |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €444,242 | €587,392 | +€143,150 | +32.2% |
| Deferred charges and accrued income | 490/1 | €14,721 | €18,736 | +€4,015 | +27.3% |
| Total equity and liabilities | 10/49 | €5,270,355 | €5,684,377 | +€414,022 | +7.9% |
| Equity | 10/15 | €2,692,367 | €3,103,368 | +€411,001 | +15.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,599,950 | €1,899,950 | +€300,000 | +18.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,750 | €93,750 | = | 0.0% |
| Distributable reserves | 133 | €1,500,000 | €1,800,000 | +€300,000 | +20.0% |
| Profit (loss) carried forward | 14 | €1,030,417 | €1,141,418 | +€111,001 | +10.8% |
| Amounts payable | 17/49 | €2,577,988 | €2,581,009 | +€3,021 | +0.1% |
| Amounts payable after more than one year | 17 | €1,822,003 | €1,680,778 | -€141,226 | -7.8% |
| Financial debts | 170/4 | €1,195,231 | €1,054,005 | -€141,226 | -11.8% |
| Other amounts payable | 178/9 | €626,773 | €626,773 | = | 0.0% |
| Amounts payable within one year | 42/48 | €755,985 | €900,231 | +€144,246 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €137,561 | €141,226 | +€3,664 | +2.7% |
| Trade debts | 44 | €34,800 | €112,309 | +€77,509 | +222.7% |
| Suppliers | 440/4 | €34,800 | €112,309 | +€77,509 | +222.7% |
| Taxes, remuneration and social security | 45 | €59,683 | €113,012 | +€53,329 | +89.4% |
| Taxes | 450/3 | €44,383 | €67,307 | +€22,924 | +51.7% |
| Remuneration and social security | 454/9 | €15,300 | €45,705 | +€30,405 | +198.7% |
| Other amounts payable | 47/48 | €523,940 | €533,684 | +€9,744 | +1.9% |
| Remuneration, social security and pensions | 62 | €205,296 | €321,372 | +€116,075 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,300 | €252,138 | +€80,838 | +47.2% |
| Other operating charges | 640/8 | €18,449 | €16,415 | -€2,034 | -11.0% |
| Gross operating margin | 9900 | €999,645 | €1,441,120 | +€441,475 | +44.2% |
| Operating profit (loss) | 9901 | €604,599 | €851,195 | +€246,596 | +40.8% |
| Financial income | 75/76B | €380,000 | €380,101 | +€101 | 0.0% |
| Recurring financial income | 75 | €380,000 | €380,101 | +€101 | 0.0% |
| Financial charges | 65/66B | €67,631 | €85,085 | +€17,455 | +25.8% |
| Recurring financial charges | 65 | €67,631 | €85,085 | +€17,455 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €916,969 | €1,146,211 | +€229,243 | +25.0% |
| Income taxes | 67/77 | €85,677 | €235,210 | +€149,533 | +174.5% |
| Profit (loss) for the period | 9904 | €831,292 | €911,001 | +€79,710 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €831,292 | €911,001 | +€79,710 | +9.6% |
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 1 October 2026 via checked.be.