MATRIX DOORS: what changed
What changed
MATRIX DOORS
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€195,243
2024 · €293,078-€97,835
Equity
€668,924
2024 · €523,682+€145,243
Cash
€183,376
2024 · €337,131-€153,755
Balance sheet total
€1.4m
2024 · €1.5m-€77,026
Largest movements
Assets
- Cash -€153,755
down €153,755 (-45.6%), from €337,131 to €183,376
mainly Trade debts (-€176,637) and Receivables within one year (-€125,100)
- Receivables within one year +€125,100
up €125,100 (+26.4%), from €474,055 to €599,155
of which Trade receivables: +€85,181
- Stocks and contracts -€39,699
down €39,699 (-13.0%), from €306,245 to €266,546
- Tangible fixed assets -€17,169
down €17,169 (-6.4%), from €266,854 to €249,686
of which Land and buildings: -€30,667
- Intangible fixed assets +€15,184
new in 2025: €15,184
Equity and liabilities
- Trade debts -€176,637
down €176,637 (-27.6%), from €639,061 to €462,425
- Reserves +€145,243
up €145,243 (+28.8%), from €503,850 to €649,093
- Other debts -€107,925
down €107,925 (-99.9%), from €108,000 to €75
- Short-term financial debts +€39,388
up €39,388 (+4,504%), from €874 to €40,263
- Debts after one year +€30,022
up €30,022 (+32.0%), from €93,718 to €123,740
of which Financial debts: +€30,022
Income statement
- Gross operating margin -€186,696
down €186,696 (-14.8%), from €1.3m to €1.1m
- Staff costs -€127,663
down €127,663 (-16.7%), from €765,970 to €638,307
- Write-downs +€29,084
up €29,084 (+967%), from €3,009 to €32,093
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€293,078
Gross operating margin
-€186,696
Staff costs
+€127,663
Depreciation
-€3,611
Write-downs
-€29,084
Other operating charges
-€3,093
Financial income
-€5,629
Financial charges
+€5,486
Taxes
-€2,870
Result 2025
€195,243
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€78,287
Investment
-€109,847
Financing
+€34,379
Cash 2024
€337,131
From operations (derived)
-€78,287
Net result for the year
+€195,243
Depreciation
+€113,002
Stocks and contracts
+€39,699
Receivables within one year
-€125,100
Deferred charges and accrued income
+€5,516
Trade debts
-€176,637
Tax, wage and social debts
-€14,285
Other debts
-€107,925
Accrued charges and deferred income
-€7,800
Investment (derived)
-€109,847
Investment in fixed assets (net)
-€109,847
Financing
+€34,379
Debts after one year
+€30,022
Current portion of long-term debt
+€14,969
Short-term financial debts
+€39,388
Contributions, distributions and other
-€50,000
Cash 2025
€183,376
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,473,646 | €1,396,620 | -€77,026 | -5.2% |
| Fixed assets | 21/28 | €308,748 | €305,593 | -€3,156 | -1.0% |
| Intangible fixed assets | 21 | - | €15,184 | +€15,184 | |
| Tangible fixed assets | 22/27 | €266,854 | €249,686 | -€17,169 | -6.4% |
| Land and buildings | 22 | €44,280 | €13,613 | -€30,667 | -69.3% |
| Plant, machinery and equipment | 23 | €23,450 | €14,092 | -€9,358 | -39.9% |
| Furniture and vehicles | 24 | €44,406 | €23,332 | -€21,074 | -47.5% |
| Leasing and similar rights | 25 | €119,296 | €165,605 | +€46,309 | +38.8% |
| Other tangible fixed assets | 26 | €35,422 | €33,043 | -€2,379 | -6.7% |
| Financial fixed assets | 28 | €41,894 | €40,723 | -€1,171 | -2.8% |
| Current assets | 29/58 | €1,164,898 | €1,091,028 | -€73,870 | -6.3% |
| Stocks and contracts in progress | 3 | €306,245 | €266,546 | -€39,699 | -13.0% |
| Stocks | 30/36 | €306,245 | €266,546 | -€39,699 | -13.0% |
| Amounts receivable within one year | 40/41 | €474,055 | €599,155 | +€125,100 | +26.4% |
| Trade receivables | 40 | €197,454 | €282,635 | +€85,181 | +43.1% |
| Other amounts receivable | 41 | €276,601 | €316,520 | +€39,919 | +14.4% |
| Cash at bank and in hand | 54/58 | €337,131 | €183,376 | -€153,755 | -45.6% |
| Deferred charges and accrued income | 490/1 | €47,466 | €41,950 | -€5,516 | -11.6% |
| Total equity and liabilities | 10/49 | €1,473,646 | €1,396,620 | -€77,026 | -5.2% |
| Equity | 10/15 | €523,682 | €668,924 | +€145,243 | +27.7% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €503,850 | €649,093 | +€145,243 | +28.8% |
| Distributable reserves | 133 | €503,850 | €649,093 | +€145,243 | +28.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €949,964 | €727,696 | -€222,268 | -23.4% |
| Amounts payable after more than one year | 17 | €93,718 | €123,740 | +€30,022 | +32.0% |
| Financial debts | 170/4 | €91,648 | €121,670 | +€30,022 | +32.8% |
| Other amounts payable | 178/9 | €2,070 | €2,070 | = | 0.0% |
| Amounts payable within one year | 42/48 | €848,446 | €603,955 | -€244,490 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €31,322 | €46,290 | +€14,969 | +47.8% |
| Financial debts | 43 | €874 | €40,263 | +€39,388 | +4,504% |
| Credit institutions | 430/8 | €874 | €40,263 | +€39,388 | +4,504% |
| Trade debts | 44 | €639,061 | €462,425 | -€176,637 | -27.6% |
| Suppliers | 440/4 | €639,061 | €462,425 | -€176,637 | -27.6% |
| Taxes, remuneration and social security | 45 | €69,188 | €54,903 | -€14,285 | -20.6% |
| Taxes | 450/3 | €26,862 | €10,940 | -€15,921 | -59.3% |
| Remuneration and social security | 454/9 | €42,327 | €43,962 | +€1,636 | +3.9% |
| Other amounts payable | 47/48 | €108,000 | €75 | -€107,925 | -99.9% |
| Accrued charges and deferred income | 492/3 | €7,800 | €0 | -€7,800 | -100% |
| Remuneration, social security and pensions | 62 | €765,970 | €638,307 | -€127,663 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,391 | €113,002 | +€3,611 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,009 | €32,093 | +€29,084 | +967% |
| Other operating charges | 640/8 | €16,436 | €19,529 | +€3,093 | +18.8% |
| Gross operating margin | 9900 | €1,264,812 | €1,078,116 | -€186,696 | -14.8% |
| Operating profit (loss) | 9901 | €370,007 | €275,185 | -€94,821 | -25.6% |
| Financial income | 75/76B | €13,399 | €7,771 | -€5,629 | -42.0% |
| Recurring financial income | 75 | €13,399 | €7,771 | -€5,629 | -42.0% |
| Financial charges | 65/66B | €21,082 | €15,597 | -€5,486 | -26.0% |
| Recurring financial charges | 65 | €21,082 | €15,597 | -€5,486 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €362,324 | €267,359 | -€94,965 | -26.2% |
| Income taxes | 67/77 | €69,246 | €72,117 | +€2,870 | +4.1% |
| Profit (loss) for the period | 9904 | €293,078 | €195,243 | -€97,835 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €293,078 | €195,243 | -€97,835 | -33.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.