MATRAFOAM: 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.
What changed
MATRAFOAM
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€140,988
2024 · €24,183+€116,804
Equity
€21.9m
2024 · €21.5m+€365,988
Cash
€49,596
2024 · €118,626-€69,029
Balance sheet total
€31.7m
2024 · €26.9m+€4.8m
Largest movements
Assets
- Financial fixed assets +€2.6m
up €2.6m (+12.4%), from €21.2m to €23.8m
- Receivables within one year +€1.5m
up €1.5m (+1,322%), from €111,001 to €1.6m
of which Other amounts receivable: +€1.4m
- Tangible fixed assets +€786,344
up €786,344 (+14.4%), from €5.5m to €6.3m
of which Furniture and vehicles: +€526,487
Equity and liabilities
- Debts after one year +€4.6m
up €4.6m (+214%), from €2.1m to €6.7m
of which Other amounts payable: +€4.5m
Income statement
- Turnover +€594,451
up €594,451 (+69.9%), from €850,428 to €1.4m
- Purchases and services +€254,678
up €254,678 (+50.5%), from €504,518 to €759,196
- Financial charges +€110,748
up €110,748 (+84.8%), from €130,675 to €241,423
- Gross operating margin +€109,586
up €109,586 (+11.9%), from €920,710 to €1.0m
- Depreciation -€82,918
down €82,918 (-16.0%), from €517,369 to €434,450
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.
Result 2024
€24,183
Gross operating margin
+€109,586
Staff costs
-€34,904
Depreciation
+€82,918
Other operating charges
-€16,163
Financial income
-€39,337
Financial charges
-€110,748
Taxes
-€2,310
Deferred taxes and other
+€127,762
Result 2025
€140,988
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€781,915
Investment
-€3.8m
Financing
+€4.6m
Cash 2024
€118,626
From operations (derived)
-€781,915
Net result for the year
+€140,988
Depreciation
+€434,450
Receivables within one year
-€1.5m
Smaller working-capital items
-€15,820
Provisions
-€170,250
Trade debts
+€40,777
Tax, wage and social debts
+€57,666
Other debts
+€198,000
Investment (derived)
-€3.8m
Investment in fixed assets (net)
-€3.8m
Financing
+€4.6m
Debts after one year
+€4.6m
Current portion of long-term debt
-€231,585
Short-term financial debts
+€5,000
Contributions, distributions and other
+€225,000
Cash 2025
€49,596
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,883,750 | €31,702,756 | +€4.8m | +17.9% |
| Fixed assets | 21/28 | €26,639,779 | €30,051,020 | +€3.4m | +12.8% |
| Intangible fixed assets | 21 | €341 | €238 | -€103 | -30.2% |
| Tangible fixed assets | 22/27 | €5,467,526 | €6,253,870 | +€786,344 | +14.4% |
| Land and buildings | 22 | €5,132,311 | €5,412,312 | +€280,000 | +5.5% |
| Plant, machinery and equipment | 23 | €82,644 | €62,501 | -€20,143 | -24.4% |
| Furniture and vehicles | 24 | €252,571 | €779,058 | +€526,487 | +208% |
| Financial fixed assets | 28 | €21,171,912 | €23,796,912 | +€2.6m | +12.4% |
| Current assets | 29/58 | €243,971 | €1,651,736 | +€1.4m | +577% |
| Amounts receivable within one year | 40/41 | €111,001 | €1,578,726 | +€1.5m | +1,322% |
| Trade receivables | 40 | €17,471 | €63,797 | +€46,326 | +265% |
| Other amounts receivable | 41 | €93,530 | €1,514,929 | +€1.4m | +1,520% |
| Current investments | 50/53 | €12,500 | €12,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,626 | €49,596 | -€69,029 | -58.2% |
| Deferred charges and accrued income | 490/1 | €1,844 | €10,913 | +€9,070 | +492% |
| Total equity and liabilities | 10/49 | €26,883,750 | €31,702,756 | +€4.8m | +17.9% |
| Equity | 10/15 | €21,527,429 | €21,893,417 | +€365,988 | +1.7% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,350,000 | €1,575,000 | +€225,000 | +16.7% |
| Reserves | 13 | €10,177,429 | €10,318,417 | +€140,988 | +1.4% |
| Non-distributable reserves | 130/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Legal reserve | 130 | €1,000,000 | €1,000,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,883 | €146,512 | +€6,629 | +4.7% |
| Distributable reserves | 133 | €9,037,546 | €9,171,905 | +€134,359 | +1.5% |
| Provisions and deferred taxes | 16 | €212,838 | €42,587 | -€170,250 | -80.0% |
| Deferred taxes | 168 | €212,838 | €42,587 | -€170,250 | -80.0% |
| Amounts payable | 17/49 | €5,143,483 | €9,766,752 | +€4.6m | +89.9% |
| Amounts payable after more than one year | 17 | €2,129,836 | €6,689,998 | +€4.6m | +214% |
| Financial debts | 170/4 | €2,074,836 | €2,182,998 | +€108,162 | +5.2% |
| Other amounts payable | 178/9 | €55,000 | €4,507,000 | +€4.5m | +8,095% |
| Amounts payable within one year | 42/48 | €2,999,036 | €3,068,893 | +€69,857 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €646,518 | €414,933 | -€231,585 | -35.8% |
| Financial debts | 43 | €1,845,000 | €1,850,000 | +€5,000 | +0.3% |
| Credit institutions | 430/8 | €1,845,000 | €1,850,000 | +€5,000 | +0.3% |
| Trade debts | 44 | €481,501 | €522,277 | +€40,777 | +8.5% |
| Suppliers | 440/4 | €481,501 | €522,277 | +€40,777 | +8.5% |
| Taxes, remuneration and social security | 45 | €24,017 | €81,683 | +€57,666 | +240% |
| Taxes | 450/3 | €0 | €54,988 | +€54,988 | |
| Remuneration and social security | 454/9 | €24,017 | €26,694 | +€2,678 | +11.1% |
| Other amounts payable | 47/48 | €2,000 | €200,000 | +€198,000 | +9,900% |
| Accrued charges and deferred income | 492/3 | €14,611 | €7,861 | -€6,750 | -46.2% |
| Turnover | 70 | €850,428 | €1,444,879 | +€594,451 | +69.9% |
| Non-recurring operating income | 76A | €4,083 | €275,000 | +€270,917 | +6,636% |
| Goods, raw materials, services and sundry goods | 60/61 | €504,518 | €759,196 | +€254,678 | +50.5% |
| Remuneration, social security and pensions | 62 | €244,461 | €279,365 | +€34,904 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517,369 | €434,450 | -€82,918 | -16.0% |
| Other operating charges | 640/8 | €66,706 | €82,869 | +€16,163 | +24.2% |
| Gross operating margin | 9900 | €920,710 | €1,030,296 | +€109,586 | +11.9% |
| Operating profit (loss) | 9901 | €92,175 | €233,612 | +€141,437 | +153% |
| Financial income | 75/76B | €73,373 | €34,037 | -€39,337 | -53.6% |
| Recurring financial income | 75 | €73,373 | €34,037 | -€39,337 | -53.6% |
| Financial charges | 65/66B | €130,675 | €241,423 | +€110,748 | +84.8% |
| Recurring financial charges | 65 | €130,675 | €241,423 | +€110,748 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €34,873 | €26,225 | -€8,647 | -24.8% |
| Transfer from deferred taxes | 780 | €42,489 | €170,250 | +€127,762 | +301% |
| Income taxes | 67/77 | €53,178 | €55,488 | +€2,310 | +4.3% |
| Profit (loss) for the period | 9904 | €24,183 | €140,988 | +€116,804 | +483% |
| Transfer from tax-exempt reserves | 789 | €127,466 | €121,133 | -€6,334 | -5.0% |
| Transfer to tax-exempt reserves | 689 | - | €127,762 | +€127,762 | |
| Profit (loss) for the period to be appropriated | 9905 | €151,649 | €134,359 | -€17,291 | -11.4% |
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 23 October 2026 via checked.be.