MATRATEX: 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
MATRATEX
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€137,877
2024 · €181,971-€44,094
Equity
€10.2m
2024 · €10.2m+€57,877
Cash
€19,894
2024 · €17,418+€2,476
Balance sheet total
€13.8m
2024 · €14.0m-€190,087
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Current portion of long-term debt -€154,360
down €154,360 (-27.2%), from €566,667 to €412,307
Income statement
- Taxes +€107,447
up €107,447 (+266%), from €40,347 to €147,794
- Other operating income -€41,738
down €41,738 (-31.4%), from €132,752 to €91,014
- Financial income -€17,458
down €17,458 (-13.0%), from €134,394 to €116,936
- Financial charges -€16,514
down €16,514 (-18.6%), from €88,790 to €72,277
- Services and other goods +€15,933
up €15,933 (+6.2%), from €256,617 to €272,550
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
€181,971
Turnover
+€1,166
Other operating income
-€41,738
Services and other goods
-€15,933
Depreciation
+€11,245
Other operating charges
-€2,928
Financial income
-€17,458
Financial charges
+€16,514
Taxes
-€107,447
Deferred taxes and other
+€112,486
Result 2025
€137,877
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
+€217,699
Investment
+€79,138
Financing
-€294,360
Cash 2024
€17,418
From operations (derived)
+€217,699
Net result for the year
+€137,877
Depreciation
+€43,365
Receivables within one year
+€61,022
Deferred charges and accrued income
+€9,039
Provisions
-€118,731
Trade debts
+€21,405
Tax, wage and social debts
+€108,984
Other debts
-€47,859
Accrued charges and deferred income
+€2,597
Investment (derived)
+€79,138
Investment in fixed assets (net)
+€79,138
Financing
-€294,360
Debts after one year
-€50,000
Current portion of long-term debt
-€154,360
Short-term financial debts
-€10,000
Contributions, distributions and other
-€80,000
Cash 2025
€19,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,993,531 | €13,803,444 | -€190,087 | -1.4% |
| Fixed assets | 21/28 | €11,833,273 | €11,710,771 | -€122,502 | -1.0% |
| Tangible fixed assets | 22/27 | €919,189 | €896,687 | -€22,502 | -2.4% |
| Land and buildings | 22 | €885,000 | €864,911 | -€20,089 | -2.3% |
| Furniture and vehicles | 24 | €34,189 | €31,776 | -€2,413 | -7.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €10,914,084 | €10,814,084 | -€100,000 | -0.9% |
| Affiliated companies | 280/1 | €10,914,083 | €10,814,083 | -€100,000 | -0.9% |
| Participating interests | 280 | €8,340,000 | €8,340,000 | = | 0.0% |
| Amounts receivable | 281 | €2,574,083 | €2,474,083 | -€100,000 | -3.9% |
| Other financial fixed assets | 284/8 | €0 | €0 | = | 0.0% |
| Shares | 284 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €2,160,258 | €2,092,673 | -€67,584 | -3.1% |
| Amounts receivable after more than one year | 29 | €727,328 | €727,328 | = | 0.0% |
| Other amounts receivable | 291 | €727,328 | €727,328 | = | 0.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €840,728 | €779,706 | -€61,022 | -7.3% |
| Trade receivables | 40 | €5,818 | €4,737 | -€1,081 | -18.6% |
| Other amounts receivable | 41 | €834,910 | €774,969 | -€59,941 | -7.2% |
| Cash at bank and in hand | 54/58 | €17,418 | €19,894 | +€2,476 | +14.2% |
| Deferred charges and accrued income | 490/1 | €574,785 | €565,746 | -€9,039 | -1.6% |
| Total equity and liabilities | 10/49 | €13,993,531 | €13,803,444 | -€190,087 | -1.4% |
| Equity | 10/15 | €10,162,204 | €10,220,081 | +€57,877 | +0.6% |
| Contributions | 10/11 | €27,977 | €27,977 | = | 0.0% |
| Reserves | 13 | €10,134,227 | €10,192,104 | +€57,877 | +0.6% |
| Tax-exempt reserves | 132 | €603,851 | €251,422 | -€352,429 | -58.4% |
| Distributable reserves | 133 | €9,530,377 | €9,940,682 | +€410,306 | +4.3% |
| Provisions and deferred taxes | 16 | €182,844 | €64,114 | -€118,731 | -64.9% |
| Deferred taxes | 168 | €182,844 | €64,114 | -€118,731 | -64.9% |
| Amounts payable | 17/49 | €3,648,482 | €3,519,250 | -€129,233 | -3.5% |
| Amounts payable after more than one year | 17 | €700,000 | €650,000 | -€50,000 | -7.1% |
| Financial debts | 170/4 | €700,000 | €650,000 | -€50,000 | -7.1% |
| Subordinated loans | 170 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 173 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Amounts payable within one year | 42/48 | €2,915,692 | €2,833,863 | -€81,829 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €566,667 | €412,307 | -€154,360 | -27.2% |
| Financial debts | 43 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Credit institutions | 430/8 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Trade debts | 44 | €119,093 | €140,499 | +€21,405 | +18.0% |
| Suppliers | 440/4 | €119,093 | €140,499 | +€21,405 | +18.0% |
| Taxes, remuneration and social security | 45 | €5,412 | €114,397 | +€108,984 | +2,014% |
| Taxes | 450/3 | €5,412 | €114,397 | +€108,984 | +2,014% |
| Other amounts payable | 47/48 | €2,174,520 | €2,126,661 | -€47,859 | -2.2% |
| Accrued charges and deferred income | 492/3 | €32,790 | €35,387 | +€2,597 | +7.9% |
| Operating income | 70/76A | €505,933 | €465,361 | -€40,573 | -8.0% |
| Turnover | 70 | €373,181 | €374,347 | +€1,166 | +0.3% |
| Other operating income | 74 | €132,752 | €91,014 | -€41,738 | -31.4% |
| Operating charges | 60/66A | €335,464 | €343,079 | +€7,615 | +2.3% |
| Services and other goods | 61 | €256,617 | €272,550 | +€15,933 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,610 | €43,365 | -€11,245 | -20.6% |
| Other operating charges | 640/8 | €24,237 | €27,165 | +€2,928 | +12.1% |
| Operating profit (loss) | 9901 | €170,469 | €122,281 | -€48,188 | -28.3% |
| Financial income | 75/76B | €134,394 | €116,936 | -€17,458 | -13.0% |
| Recurring financial income | 75 | €134,394 | €116,936 | -€17,458 | -13.0% |
| Income from current assets | 751 | €119,500 | €116,934 | -€2,566 | -2.1% |
| Other financial income | 752/9 | €14,894 | €2 | -€14,892 | -100.0% |
| Financial charges | 65/66B | €88,790 | €72,277 | -€16,514 | -18.6% |
| Recurring financial charges | 65 | €88,790 | €72,277 | -€16,514 | -18.6% |
| Debt charges | 650 | €87,432 | €71,779 | -€15,653 | -17.9% |
| Other financial charges | 652/9 | €1,359 | €498 | -€860 | -63.3% |
| Profit (loss) for the period before taxes | 9903 | €216,073 | €166,940 | -€49,133 | -22.7% |
| Transfer from deferred taxes | 780 | €6,245 | €118,731 | +€112,486 | +1,801% |
| Income taxes | 67/77 | €40,347 | €147,794 | +€107,447 | +266% |
| Taxes | 670/3 | €40,347 | €147,794 | +€107,447 | +266% |
| Profit (loss) for the period | 9904 | €181,971 | €137,877 | -€44,094 | -24.2% |
| Transfer from tax-exempt reserves | 789 | €14,972 | €352,429 | +€337,457 | +2,254% |
| Profit (loss) for the period to be appropriated | 9905 | €196,943 | €490,306 | +€293,363 | +149% |
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 15 October 2026 via checked.be.