MATTIMCO: what changed
Two fiscal 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
MATTIMCO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€147,738
2024 · €135,502+€12,236
Equity
€70.4m
2024 · €5.9m+€64.5m
Cash
€991,027
2024 · €515,531+€475,496
Balance sheet total
€119.0m
2024 · €55.1m+€63.9m
Largest movements
Assets
- Financial fixed assets +€64.1m
up €64.1m (+1761.7%), from €3.6m to €67.8m
- Receivables within one year -€2.5m
down €2.5m (-95.4%), from €2.6m to €118,961
of which Other amounts receivable: -€2.3m
- Current investments +€2.5m
up €2.5m (+96.2%), from €2.6m to €5.0m
Equity and liabilities
- Contributions +€64.4m
up €64.4m (+1288.0%), from €5.0m to €69.4m
Income statement
- Gross operating margin +€712,219
up €712,219 (+45.6%), from €1.6m to €2.3m
- Depreciation +€404,004
up €404,004 (+52.3%), from €772,459 to €1.2m
- Financial income -€257,229
down €257,229 (-42.7%), from €603,002 to €345,773
of which Financial income: -€257,229
- Staff costs +€32,668
up €32,668 (+97.0%), from €33,681 to €66,349
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
€135,502
Gross operating margin
+€712,219
Staff costs
-€32,668
Depreciation
-€404,004
Other operating charges
+€420
Other operating items
-€14,929
Financial income
-€257,229
Financial charges
+€9,776
Taxes
-€1,349
Result 2025
€147,738
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.
From operations
+€3.5m
Investment
-€66.8m
Financing
+€63.8m
Cash 2024
€515,531
From operations (derived)
+€3.5m
Net result for the year
+€147,738
Depreciation
+€1.2m
Receivables within one year
+€2.5m
Deferred charges and accrued income
-€210,789
Smaller working-capital items
+€110,892
Accrued charges and deferred income
-€188,857
Investment (derived)
-€66.8m
Investment in fixed assets (net)
-€64.4m
Current investments
-€2.5m
Financing
+€63.8m
Debts after one year
-€632,921
Current portion of long-term debt
+€17,072
Contributions, distributions and other
+€64.4m
Cash 2025
€991,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,111,098 | €118,965,022 | +€63.9m | +115.9% |
| Fixed assets | 21/28 | €49,390,664 | €112,594,288 | +€63.2m | +128.0% |
| Tangible fixed assets | 22/27 | €45,750,664 | €44,829,863 | -€920,801 | -2.0% |
| Land and buildings | 22 | €45,450,048 | €44,335,926 | -€1.1m | -2.5% |
| Plant, machinery and equipment | 23 | €296,930 | €374,354 | +€77,424 | +26.1% |
| Furniture and vehicles | 24 | €3,686 | €119,583 | +€115,897 | +3144.2% |
| Financial fixed assets | 28 | €3,640,000 | €67,764,425 | +€64.1m | +1761.7% |
| Current assets | 29/58 | €5,720,434 | €6,370,734 | +€650,300 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,611,624 | €118,961 | -€2.5m | -95.4% |
| Trade receivables | 40 | €185,224 | €1,838 | -€183,386 | -99.0% |
| Other amounts receivable | 41 | €2,426,400 | €117,123 | -€2.3m | -95.2% |
| Current investments | 50/53 | €2,553,322 | €5,010,000 | +€2.5m | +96.2% |
| Cash at bank and in hand | 54/58 | €515,531 | €991,027 | +€475,496 | +92.2% |
| Deferred charges and accrued income | 490/1 | €39,957 | €250,746 | +€210,789 | +527.5% |
| Total equity and liabilities | 10/49 | €55,111,098 | €118,965,022 | +€63.9m | +115.9% |
| Equity | 10/15 | €5,856,134 | €70,403,872 | +€64.5m | +1102.2% |
| Contributions | 10/11 | €5,000,000 | €69,400,000 | +€64.4m | +1288.0% |
| Profit (loss) carried forward | 14 | €856,134 | €1,003,872 | +€147,738 | +17.3% |
| Amounts payable | 17/49 | €49,254,964 | €48,561,150 | -€693,814 | -1.4% |
| Amounts payable after more than one year | 17 | €48,376,049 | €47,743,128 | -€632,921 | -1.3% |
| Financial debts | 170/4 | €48,357,080 | €47,724,159 | -€632,921 | -1.3% |
| Other amounts payable | 178/9 | €18,969 | €18,969 | = | 0.0% |
| Amounts payable within one year | 42/48 | €643,058 | €771,022 | +€127,964 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €615,849 | €632,921 | +€17,072 | +2.8% |
| Trade debts | 44 | €18,354 | €64,553 | +€46,199 | +251.7% |
| Suppliers | 440/4 | €18,354 | €64,553 | +€46,199 | +251.7% |
| Taxes, remuneration and social security | 45 | €8,855 | €73,548 | +€64,693 | +730.6% |
| Taxes | 450/3 | €285 | €58,774 | +€58,489 | +20522.5% |
| Remuneration and social security | 454/9 | €8,570 | €14,774 | +€6,204 | +72.4% |
| Accrued charges and deferred income | 492/3 | €235,857 | €47,000 | -€188,857 | -80.1% |
| Non-recurring operating income | 76A | €0 | €25,736 | +€25,736 | |
| Remuneration, social security and pensions | 62 | €33,681 | €66,349 | +€32,668 | +97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €772,459 | €1,176,463 | +€404,004 | +52.3% |
| Other operating charges | 640/8 | €89,103 | €88,683 | -€420 | -0.5% |
| Non-recurring operating charges | 66A | - | €14,929 | +€14,929 | |
| Gross operating margin | 9900 | €1,563,249 | €2,275,468 | +€712,219 | +45.6% |
| Operating profit (loss) | 9901 | €668,006 | €929,044 | +€261,038 | +39.1% |
| Financial income | 75/76B | €603,002 | €345,773 | -€257,229 | -42.7% |
| Recurring financial income | 75 | €603,002 | €345,773 | -€257,229 | -42.7% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €1,099,975 | €1,090,199 | -€9,776 | -0.9% |
| Recurring financial charges | 65 | €1,099,975 | €1,090,199 | -€9,776 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €171,033 | €184,618 | +€13,585 | +7.9% |
| Income taxes | 67/77 | €35,531 | €36,880 | +€1,349 | +3.8% |
| Profit (loss) for the period | 9904 | €135,502 | €147,738 | +€12,236 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €135,502 | €147,738 | +€12,236 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.