MATRIXDECOR: 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.
MATRIXDECOR
Largest movements
- Tangible fixed assets +€2.2m
up €2.2m (+182%), from €1.2m to €3.4m
of which Leasing and similar rights: +€1.6m
- Cash +€1.1m
up €1.1m (+574%), from €197,243 to €1.3m
mainly Debts after one year (+€2.2m) and Contributions, distributions and other (+€942,745)
- Receivables within one year +€446,669
up €446,669 (+146%), from €306,099 to €752,768
of which Trade receivables: +€448,513
- Debts after one year +€2.2m
up €2.2m (+657%), from €335,650 to €2.5m
- Contributions +€998,140
up €998,140 (+237%), from €420,460 to €1.4m
- Reserves +€627,927
up €627,927 (+63.0%), from €997,496 to €1.6m
of which Distributable reserves: +€627,927
- Trade debts -€104,251
down €104,251 (-68.2%), from €152,924 to €48,673
- Tax, wage and social debts +€83,626
up €83,626 (+253%), from €33,073 to €116,699
of which Taxes: +€74,346
- Gross operating margin +€672,217
up €672,217 (+74.4%), from €903,255 to €1.6m
- Depreciation +€146,522
up €146,522 (+78.9%), from €185,745 to €332,267
- Staff costs +€110,353
up €110,353 (+68.4%), from €161,416 to €271,769
- Financial charges +€58,797
up €58,797 (+195%), from €30,086 to €88,883
of which Financial charges: +€73,290
- Taxes +€38,553
up €38,553 (+31.7%), from €121,625 to €160,178
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 | €2,163,226 | €5,998,719 | +€3.8m | +177% |
| Fixed assets | 21/28 | €1,281,626 | €3,490,654 | +€2.2m | +172% |
| Tangible fixed assets | 22/27 | €1,214,551 | €3,423,579 | +€2.2m | +182% |
| Land and buildings | 22 | €518,613 | €1,346,324 | +€827,710 | +160% |
| Plant, machinery and equipment | 23 | €545,944 | €276,749 | -€269,196 | -49.3% |
| Furniture and vehicles | 24 | €10,249 | €17,424 | +€7,175 | +70.0% |
| Leasing and similar rights | 25 | €139,744 | €1,783,084 | +€1.6m | +1,176% |
| Financial fixed assets | 28 | €67,075 | €67,075 | = | 0.0% |
| Current assets | 29/58 | €881,600 | €2,508,064 | +€1.6m | +184% |
| Stocks and contracts in progress | 3 | €364,720 | €408,318 | +€43,598 | +12.0% |
| Stocks | 30/36 | €364,720 | €408,318 | +€43,598 | +12.0% |
| Amounts receivable within one year | 40/41 | €306,099 | €752,768 | +€446,669 | +146% |
| Trade receivables | 40 | €116,324 | €564,836 | +€448,513 | +386% |
| Other amounts receivable | 41 | €189,776 | €187,932 | -€1,843 | -1.0% |
| Cash at bank and in hand | 54/58 | €197,243 | €1,329,668 | +€1.1m | +574% |
| Deferred charges and accrued income | 490/1 | €13,538 | €17,310 | +€3,772 | +27.9% |
| Total equity and liabilities | 10/49 | €2,163,226 | €5,998,719 | +€3.8m | +177% |
| Equity | 10/15 | €1,417,956 | €3,044,023 | +€1.6m | +115% |
| Contributions | 10/11 | €420,460 | €1,418,600 | +€998,140 | +237% |
| Reserves | 13 | €997,496 | €1,625,423 | +€627,927 | +63.0% |
| Tax-exempt reserves | 132 | €83,110 | €83,110 | = | 0.0% |
| Distributable reserves | 133 | €914,386 | €1,542,313 | +€627,927 | +68.7% |
| Amounts payable | 17/49 | €745,270 | €2,954,695 | +€2.2m | +296% |
| Amounts payable after more than one year | 17 | €335,650 | €2,541,979 | +€2.2m | +657% |
| Financial debts | 170/4 | €335,650 | €2,541,979 | +€2.2m | +657% |
| Amounts payable within one year | 42/48 | €409,619 | €412,716 | +€3,097 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €220,115 | €235,462 | +€15,348 | +7.0% |
| Trade debts | 44 | €152,924 | €48,673 | -€104,251 | -68.2% |
| Suppliers | 440/4 | €152,924 | €48,673 | -€104,251 | -68.2% |
| Taxes, remuneration and social security | 45 | €33,073 | €116,699 | +€83,626 | +253% |
| Taxes | 450/3 | €13,959 | €88,306 | +€74,346 | +533% |
| Remuneration and social security | 454/9 | €19,114 | €28,393 | +€9,280 | +48.5% |
| Other amounts payable | 47/48 | €3,507 | €11,882 | +€8,375 | +239% |
| Remuneration, social security and pensions | 62 | €161,416 | €271,769 | +€110,353 | +68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,745 | €332,267 | +€146,522 | +78.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,378 | +€27,378 | |
| Other operating charges | 640/8 | €12,020 | €21,511 | +€9,490 | +79.0% |
| Gross operating margin | 9900 | €903,255 | €1,575,472 | +€672,217 | +74.4% |
| Operating profit (loss) | 9901 | €544,074 | €922,547 | +€378,473 | +69.6% |
| Financial income | 75/76B | €1,392 | €9,836 | +€8,444 | +607% |
| Recurring financial income | 75 | €1,392 | €8,785 | +€7,393 | +531% |
| Non-recurring financial income | 76B | - | €1,051 | +€1,051 | |
| Financial charges | 65/66B | €30,086 | €88,883 | +€58,797 | +195% |
| Recurring financial charges | 65 | €15,328 | €88,618 | +€73,290 | +478% |
| Non-recurring financial charges | 66B | €14,758 | €265 | -€14,493 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €515,380 | €843,500 | +€328,120 | +63.7% |
| Income taxes | 67/77 | €121,625 | €160,178 | +€38,553 | +31.7% |
| Profit (loss) for the period | 9904 | €393,754 | €683,322 | +€289,568 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €393,754 | €683,322 | +€289,568 | +73.5% |
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 17 October 2026 via checked.be.