MATTES: 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.
MATTES
Largest movements
- Tangible fixed assets -€74,389
down €74,389 (-7.7%), from €960,810 to €886,421
of which Plant, machinery and equipment: -€39,523
- Cash +€47,940
up €47,940 (+49.8%), from €96,286 to €144,226
mainly Other debts (+€201,430) and Net result for the year (+€144,239)
- Stocks and contracts +€34,013
up €34,013 (+115.5%), from €29,449 to €63,462
- Receivables within one year -€20,356
down €20,356 (-24.0%), from €84,809 to €64,453
of which Other amounts receivable: -€26,976
- Other debts +€201,430
up €201,430 (+132.5%), from €152,027 to €353,457
- Profit (loss) carried forward -€90,882
down €90,882 (-38.7%), from €235,121 to €144,239
- Debts after one year -€60,074
down €60,074 (-13.5%), from €444,005 to €383,930
- Trade debts -€46,397
down €46,397 (-47.2%), from €98,227 to €51,830
- Tax, wage and social debts -€22,078
down €22,078 (-22.9%), from €96,286 to €74,208
of which Remuneration and social security: -€12,031
- Gross operating margin +€46,292
up €46,292 (+7.0%), from €660,441 to €706,733
- Taxes +€10,487
up €10,487 (+27.2%), from €38,573 to €49,061
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.
Cash bridge derived
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 | €1,174,194 | €1,162,764 | -€11,430 | -1.0% |
| Fixed assets | 21/28 | €962,306 | €887,417 | -€74,889 | -7.8% |
| Intangible fixed assets | 21 | €1,496 | €996 | -€500 | -33.4% |
| Tangible fixed assets | 22/27 | €960,810 | €886,421 | -€74,389 | -7.7% |
| Land and buildings | 22 | €376,912 | €363,846 | -€13,067 | -3.5% |
| Plant, machinery and equipment | 23 | €433,188 | €393,666 | -€39,523 | -9.1% |
| Furniture and vehicles | 24 | €11,119 | €5,143 | -€5,976 | -53.7% |
| Other tangible fixed assets | 26 | €139,590 | €123,766 | -€15,824 | -11.3% |
| Current assets | 29/58 | €211,888 | €275,348 | +€63,459 | +29.9% |
| Stocks and contracts in progress | 3 | €29,449 | €63,462 | +€34,013 | +115.5% |
| Stocks | 30/36 | €29,449 | €63,462 | +€34,013 | +115.5% |
| Amounts receivable within one year | 40/41 | €84,809 | €64,453 | -€20,356 | -24.0% |
| Trade receivables | 40 | €57,816 | €64,436 | +€6,620 | +11.5% |
| Other amounts receivable | 41 | €26,993 | €17 | -€26,976 | -99.9% |
| Cash at bank and in hand | 54/58 | €96,286 | €144,226 | +€47,940 | +49.8% |
| Deferred charges and accrued income | 490/1 | €1,344 | €3,207 | +€1,862 | +138.5% |
| Total equity and liabilities | 10/49 | €1,174,194 | €1,162,764 | -€11,430 | -1.0% |
| Equity | 10/15 | €323,669 | €230,931 | -€92,737 | -28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,347 | €80,492 | -€1,855 | -2.3% |
| Distributable reserves | 133 | €82,347 | €80,492 | -€1,855 | -2.3% |
| Profit (loss) carried forward | 14 | €235,121 | €144,239 | -€90,882 | -38.7% |
| Amounts payable | 17/49 | €850,526 | €931,833 | +€81,307 | +9.6% |
| Amounts payable after more than one year | 17 | €444,005 | €383,930 | -€60,074 | -13.5% |
| Financial debts | 170/4 | €444,005 | €383,930 | -€60,074 | -13.5% |
| Amounts payable within one year | 42/48 | €406,521 | €547,903 | +€141,382 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €59,980 | €68,408 | +€8,427 | +14.1% |
| Trade debts | 44 | €98,227 | €51,830 | -€46,397 | -47.2% |
| Suppliers | 440/4 | €98,227 | €51,830 | -€46,397 | -47.2% |
| Taxes, remuneration and social security | 45 | €96,286 | €74,208 | -€22,078 | -22.9% |
| Taxes | 450/3 | €26,163 | €16,116 | -€10,047 | -38.4% |
| Remuneration and social security | 454/9 | €70,123 | €58,092 | -€12,031 | -17.2% |
| Other amounts payable | 47/48 | €152,027 | €353,457 | +€201,430 | +132.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €358,391 | €360,896 | +€2,505 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,142 | €111,185 | +€7,043 | +6.8% |
| Other operating charges | 640/8 | €9,530 | €5,788 | -€3,742 | -39.3% |
| Gross operating margin | 9900 | €660,441 | €706,733 | +€46,292 | +7.0% |
| Operating profit (loss) | 9901 | €188,378 | €228,864 | +€40,485 | +21.5% |
| Financial income | 75/76B | €274 | €36 | -€238 | -86.8% |
| Recurring financial income | 75 | €274 | €36 | -€238 | -86.8% |
| Financial charges | 65/66B | €28,900 | €35,600 | +€6,700 | +23.2% |
| Recurring financial charges | 65 | €28,900 | €35,600 | +€6,700 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €159,753 | €193,300 | +€33,547 | +21.0% |
| Income taxes | 67/77 | €38,573 | €49,061 | +€10,487 | +27.2% |
| Profit (loss) for the period | 9904 | €121,179 | €144,239 | +€23,060 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €121,179 | €144,239 | +€23,060 | +19.0% |
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 10 October 2026 via checked.be.