MATGOK: 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.
MATGOK
Largest movements
- Receivables within one year +€32,951
up €32,951 (+24.9%), from €132,372 to €165,323
of which Other amounts receivable: +€30,074
- Deferred charges and accrued income +€20,439
up €20,439 (+960%), from €2,130 to €22,570
- Tangible fixed assets +€7,844
up €7,844 (+42.2%), from €18,608 to €26,452
of which Plant, machinery and equipment: +€5,980
- Financial fixed assets +€6,721
up €6,721 (+44.1%), from €15,242 to €21,963
- Cash -€4,329
down €4,329 (-64.3%), from €6,727 to €2,399
mainly Receivables within one year (-€32,951) and Investment in fixed assets (net) (-€21,834)
- Other debts +€38,495
new in 2024: €38,495
- Profit (loss) carried forward +€25,784
up €25,784, from -€20,007 to €5,777
- Trade debts -€12,169
down €12,169 (-52.3%), from €23,290 to €11,121
- Tax, wage and social debts +€11,518
up €11,518 (+22.8%), from €50,581 to €62,099
of which Taxes: +€11,956
- Staff costs +€15,043
up €15,043 (+34.6%), from €43,480 to €58,523
- Gross operating margin -€13,576
down €13,576 (-11.6%), from €117,032 to €103,456
- Taxes -€10,246
down €10,246 (-51.2%), from €20,007 to €9,760
- Depreciation +€4,755
up €4,755 (+189%), from €2,513 to €7,268
- Financial charges -€3,554
down €3,554 (-76.1%), from €4,671 to €1,118
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.
Derived cash bridge
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 | €175,080 | €238,707 | +€63,627 | +36.3% |
| Fixed assets | 21/28 | €33,850 | €48,415 | +€14,565 | +43.0% |
| Tangible fixed assets | 22/27 | €18,608 | €26,452 | +€7,844 | +42.2% |
| Plant, machinery and equipment | 23 | €15,572 | €21,551 | +€5,980 | +38.4% |
| Furniture and vehicles | 24 | €3,036 | €4,901 | +€1,865 | +61.4% |
| Financial fixed assets | 28 | €15,242 | €21,963 | +€6,721 | +44.1% |
| Current assets | 29/58 | €141,230 | €190,291 | +€49,062 | +34.7% |
| Amounts receivable within one year | 40/41 | €132,372 | €165,323 | +€32,951 | +24.9% |
| Trade receivables | 40 | €81,626 | €84,503 | +€2,877 | +3.5% |
| Other amounts receivable | 41 | €50,746 | €80,820 | +€30,074 | +59.3% |
| Cash at bank and in hand | 54/58 | €6,727 | €2,399 | -€4,329 | -64.3% |
| Deferred charges and accrued income | 490/1 | €2,130 | €22,570 | +€20,439 | +960% |
| Total equity and liabilities | 10/49 | €175,080 | €238,707 | +€63,627 | +36.3% |
| Equity | 10/15 | €101,209 | €126,992 | +€25,784 | +25.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,615 | €102,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,755 | €100,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,007 | €5,777 | +€25,784 | |
| Amounts payable | 17/49 | €73,871 | €111,714 | +€37,843 | +51.2% |
| Amounts payable within one year | 42/48 | €73,871 | €111,714 | +€37,843 | +51.2% |
| Trade debts | 44 | €23,290 | €11,121 | -€12,169 | -52.3% |
| Suppliers | 440/4 | €23,290 | €11,121 | -€12,169 | -52.3% |
| Taxes, remuneration and social security | 45 | €50,581 | €62,099 | +€11,518 | +22.8% |
| Taxes | 450/3 | €20,000 | €31,956 | +€11,956 | +59.8% |
| Remuneration and social security | 454/9 | €30,581 | €30,143 | -€439 | -1.4% |
| Other amounts payable | 47/48 | - | €38,495 | +€38,495 | |
| Remuneration, social security and pensions | 62 | €43,480 | €58,523 | +€15,043 | +34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,513 | €7,268 | +€4,755 | +189% |
| Other operating charges | 640/8 | €1,401 | €1,003 | -€398 | -28.4% |
| Gross operating margin | 9900 | €117,032 | €103,456 | -€13,576 | -11.6% |
| Operating profit (loss) | 9901 | €69,637 | €36,661 | -€32,976 | -47.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,671 | €1,118 | -€3,554 | -76.1% |
| Recurring financial charges | 65 | €4,671 | €1,118 | -€3,554 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €64,966 | €35,544 | -€29,423 | -45.3% |
| Income taxes | 67/77 | €20,007 | €9,760 | -€10,246 | -51.2% |
| Profit (loss) for the period | 9904 | €44,960 | €25,784 | -€19,176 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,960 | €25,784 | -€19,176 | -42.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.