MATIMMO VASTGOED: 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.
MATIMMO VASTGOED
Largest movements
- Cash +€107,149
up €107,149 (+80.6%), from €132,927 to €240,076
mainly Other debts (+€129,369) and Net result for the year (+€101,969)
- Receivables within one year -€54,080
down €54,080 (-30.9%), from €175,154 to €121,074
of which Other amounts receivable: -€40,591
- Tangible fixed assets +€32,228
up €32,228 (+15.3%), from €210,037 to €242,266
of which Furniture and vehicles: +€40,520
- Other debts +€129,369
up €129,369 (+1,751%), from €7,390 to €136,759
- Reserves -€48,031
down €48,031 (-18.9%), from €253,767 to €205,736
- Tax, wage and social debts -€27,980
down €27,980 (-36.8%), from €76,002 to €48,022
of which Taxes: -€20,217
- Current portion of long-term debt +€20,573
up €20,573 (+103%), from €19,889 to €40,462
- Debts after one year +€6,375
up €6,375 (+4.3%), from €148,905 to €155,280
- Gross operating margin +€35,014
up €35,014 (+15.7%), from €222,352 to €257,366
- Staff costs +€11,993
up €11,993 (+19.2%), from €62,575 to €74,568
- Depreciation +€9,541
up €9,541 (+33.8%), from €28,231 to €37,772
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
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €520,700 | €605,297 | +€84,597 | +16.2% |
| Fixed assets | 21/28 | €211,837 | €244,066 | +€32,228 | +15.2% |
| Tangible fixed assets | 22/27 | €210,037 | €242,266 | +€32,228 | +15.3% |
| Land and buildings | 22 | €188,520 | €180,228 | -€8,292 | -4.4% |
| Furniture and vehicles | 24 | €21,518 | €62,038 | +€40,520 | +188% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €308,863 | €361,231 | +€52,368 | +17.0% |
| Amounts receivable within one year | 40/41 | €175,154 | €121,074 | -€54,080 | -30.9% |
| Trade receivables | 40 | €34,289 | €20,800 | -€13,489 | -39.3% |
| Other amounts receivable | 41 | €140,865 | €100,274 | -€40,591 | -28.8% |
| Cash at bank and in hand | 54/58 | €132,927 | €240,076 | +€107,149 | +80.6% |
| Deferred charges and accrued income | 490/1 | €781 | €81 | -€700 | -89.6% |
| Total equity and liabilities | 10/49 | €520,700 | €605,297 | +€84,597 | +16.2% |
| Equity | 10/15 | €258,767 | €210,736 | -€48,031 | -18.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €253,767 | €205,736 | -€48,031 | -18.9% |
| Distributable reserves | 133 | €253,767 | €205,736 | -€48,031 | -18.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €261,933 | €394,561 | +€132,627 | +50.6% |
| Amounts payable after more than one year | 17 | €148,905 | €155,280 | +€6,375 | +4.3% |
| Financial debts | 170/4 | €148,905 | €155,280 | +€6,375 | +4.3% |
| Amounts payable within one year | 42/48 | €113,028 | €239,280 | +€126,252 | +112% |
| Current portion of amounts payable after more than one year | 42 | €19,889 | €40,462 | +€20,573 | +103% |
| Trade debts | 44 | €9,747 | €14,037 | +€4,290 | +44.0% |
| Suppliers | 440/4 | €9,747 | €14,037 | +€4,290 | +44.0% |
| Taxes, remuneration and social security | 45 | €76,002 | €48,022 | -€27,980 | -36.8% |
| Taxes | 450/3 | €52,131 | €31,914 | -€20,217 | -38.8% |
| Remuneration and social security | 454/9 | €23,871 | €16,108 | -€7,763 | -32.5% |
| Other amounts payable | 47/48 | €7,390 | €136,759 | +€129,369 | +1,751% |
| Remuneration, social security and pensions | 62 | €62,575 | €74,568 | +€11,993 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,231 | €37,772 | +€9,541 | +33.8% |
| Other operating charges | 640/8 | €2,639 | €4,036 | +€1,397 | +52.9% |
| Gross operating margin | 9900 | €222,352 | €257,366 | +€35,014 | +15.7% |
| Operating profit (loss) | 9901 | €128,906 | €140,989 | +€12,083 | +9.4% |
| Financial income | 75/76B | €50 | €62 | +€12 | +24.1% |
| Recurring financial income | 75 | €50 | €62 | +€12 | +24.1% |
| Financial charges | 65/66B | €9,033 | €8,488 | -€545 | -6.0% |
| Recurring financial charges | 65 | €9,033 | €8,488 | -€545 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €119,923 | €132,563 | +€12,640 | +10.5% |
| Income taxes | 67/77 | €29,734 | €30,593 | +€859 | +2.9% |
| Profit (loss) for the period | 9904 | €90,189 | €101,969 | +€11,781 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,189 | €101,969 | +€11,781 | +13.1% |
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 27 October 2026 via checked.be.