MATIATE BRUSSELS: 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.
MATIATE BRUSSELS
Largest movements
- Tangible fixed assets -€26,469
down €26,469 (-28.6%), from €92,669 to €66,200
- Receivables within one year -€19,251
down €19,251 (-70.5%), from €27,318 to €8,067
of which Trade receivables: -€16,833
- Stocks and contracts +€11,500
up €11,500 (+329%), from €3,500 to €15,000
- Cash -€8,104
down €8,104 (-54.7%), from €14,812 to €6,708
mainly Debts after one year (-€142,857) and Trade debts (-€13,338)
- Intangible fixed assets -€5,000
down €5,000 (-25.8%), from €19,370 to €14,370
- Debts after one year -€142,857
no longer reported in 2024 (was €142,857)
- Other debts +€96,645
up €96,645 (+134%), from €71,971 to €168,616
- Tax, wage and social debts +€20,297
up €20,297 (+214%), from €9,505 to €29,802
of which Remuneration and social security: +€13,236
- Trade debts -€13,338
down €13,338 (-56.8%), from €23,483 to €10,146
- Profit (loss) carried forward -€12,393
down €12,393 (-10.4%), from -€119,121 to -€131,514
- Gross operating margin +€40,505
up €40,505 (+156%), from €25,966 to €66,470
- Depreciation +€25,662
up €25,662 (+442%), from €5,807 to €31,469
- Taxes -€13,538
new in 2024: -€13,538
- Financial charges +€10,499
up €10,499 (+1,893%), from €555 to €11,054
- Other operating charges +€3,662
up €3,662 (+272%), from €1,347 to €5,009
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 | €179,283 | €132,637 | -€46,646 | -26.0% |
| Fixed assets | 21/28 | €133,654 | €102,185 | -€31,469 | -23.5% |
| Intangible fixed assets | 21 | €19,370 | €14,370 | -€5,000 | -25.8% |
| Tangible fixed assets | 22/27 | €92,669 | €66,200 | -€26,469 | -28.6% |
| Land and buildings | 22 | €37,371 | €24,914 | -€12,457 | -33.3% |
| Plant, machinery and equipment | 23 | €33,693 | €26,868 | -€6,824 | -20.3% |
| Furniture and vehicles | 24 | €21,605 | €14,418 | -€7,188 | -33.3% |
| Financial fixed assets | 28 | €21,615 | €21,615 | = | 0.0% |
| Current assets | 29/58 | €45,630 | €30,453 | -€15,177 | -33.3% |
| Stocks and contracts in progress | 3 | €3,500 | €15,000 | +€11,500 | +329% |
| Stocks | 30/36 | €3,500 | €15,000 | +€11,500 | +329% |
| Amounts receivable within one year | 40/41 | €27,318 | €8,067 | -€19,251 | -70.5% |
| Trade receivables | 40 | €24,900 | €8,067 | -€16,833 | -67.6% |
| Other amounts receivable | 41 | €2,418 | - | -€2,418 | |
| Cash at bank and in hand | 54/58 | €14,812 | €6,708 | -€8,104 | -54.7% |
| Deferred charges and accrued income | 490/1 | - | €678 | +€678 | |
| Total equity and liabilities | 10/49 | €179,283 | €132,637 | -€46,646 | -26.0% |
| Equity | 10/15 | -€98,661 | -€111,054 | -€12,393 | -12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€119,121 | -€131,514 | -€12,393 | -10.4% |
| Amounts payable | 17/49 | €277,944 | €243,691 | -€34,253 | -12.3% |
| Amounts payable after more than one year | 17 | €142,857 | - | -€142,857 | |
| Financial debts | 170/4 | €142,857 | - | -€142,857 | |
| Amounts payable within one year | 42/48 | €135,087 | €243,691 | +€108,604 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €30,128 | €35,128 | +€5,000 | +16.6% |
| Trade debts | 44 | €23,483 | €10,146 | -€13,338 | -56.8% |
| Suppliers | 440/4 | €23,483 | €10,146 | -€13,338 | -56.8% |
| Taxes, remuneration and social security | 45 | €9,505 | €29,802 | +€20,297 | +214% |
| Taxes | 450/3 | €1,763 | €8,824 | +€7,061 | +400% |
| Remuneration and social security | 454/9 | €7,742 | €20,978 | +€13,236 | +171% |
| Other amounts payable | 47/48 | €71,971 | €168,616 | +€96,645 | +134% |
| Remuneration, social security and pensions | 62 | €42,098 | €44,871 | +€2,773 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,807 | €31,469 | +€25,662 | +442% |
| Other operating charges | 640/8 | €1,347 | €5,009 | +€3,662 | +272% |
| Gross operating margin | 9900 | €25,966 | €66,470 | +€40,505 | +156% |
| Operating profit (loss) | 9901 | -€23,285 | -€14,878 | +€8,408 | +36.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €555 | €11,054 | +€10,499 | +1,893% |
| Recurring financial charges | 65 | €555 | €11,054 | +€10,499 | +1,893% |
| Profit (loss) for the period before taxes | 9903 | -€23,832 | -€25,932 | -€2,100 | -8.8% |
| Income taxes | 67/77 | - | -€13,538 | -€13,538 | |
| Profit (loss) for the period | 9904 | -€23,832 | -€12,393 | +€11,438 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,832 | -€12,393 | +€11,438 | +48.0% |
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 21 October 2026 via checked.be.