P MAT: 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.
P MAT
Largest movements
- Tangible fixed assets +€638,443
up €638,443 (+504.7%), from €126,500 to €764,943
of which Land and buildings: +€636,500
- Receivables within one year +€456,352
up €456,352 (+80.3%), from €568,564 to €1.0m
of which Trade receivables: +€456,020
- Stocks and contracts -€86,748
down €86,748 (-15.8%), from €547,808 to €461,060
- Debts after one year +€933,011
up €933,011 (+651.4%), from €143,231 to €1.1m
of which Other amounts payable: +€961,449
- Revaluation surpluses +€645,850
new in 2024: €645,850
- Other debts -€628,594
down €628,594 (-49.3%), from €1.3m to €645,369
- Profit (loss) carried forward +€63,978
up €63,978 (+83.7%), from -€76,410 to -€12,432
- Gross operating margin +€95,694
up €95,694 (+155.2%), from €61,667 to €157,360
- Staff costs +€13,431
up €13,431 (+24.0%), from €55,857 to €69,288
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,438,862 | €2,447,111 | +€1.0m | +70.1% |
| Fixed assets | 21/28 | €311,260 | €949,703 | +€638,443 | +205.1% |
| Tangible fixed assets | 22/27 | €126,500 | €764,943 | +€638,443 | +504.7% |
| Land and buildings | 22 | €126,500 | €763,000 | +€636,500 | +503.2% |
| Plant, machinery and equipment | 23 | - | €1,943 | +€1,943 | |
| Financial fixed assets | 28 | €184,760 | €184,760 | = | 0.0% |
| Current assets | 29/58 | €1,127,602 | €1,497,407 | +€369,805 | +32.8% |
| Stocks and contracts in progress | 3 | €547,808 | €461,060 | -€86,748 | -15.8% |
| Stocks | 30/36 | €547,808 | €461,060 | -€86,748 | -15.8% |
| Amounts receivable within one year | 40/41 | €568,564 | €1,024,916 | +€456,352 | +80.3% |
| Trade receivables | 40 | €482,455 | €938,475 | +€456,020 | +94.5% |
| Other amounts receivable | 41 | €86,109 | €86,442 | +€332 | +0.4% |
| Cash at bank and in hand | 54/58 | €1,664 | €70 | -€1,595 | -95.8% |
| Deferred charges and accrued income | 490/1 | €9,565 | €11,360 | +€1,796 | +18.8% |
| Total equity and liabilities | 10/49 | €1,438,862 | €2,447,111 | +€1.0m | +70.1% |
| Equity | 10/15 | -€36,410 | €673,418 | +€709,828 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €645,850 | +€645,850 | |
| Profit (loss) carried forward | 14 | -€76,410 | -€12,432 | +€63,978 | +83.7% |
| Amounts payable | 17/49 | €1,475,272 | €1,773,692 | +€298,421 | +20.2% |
| Amounts payable after more than one year | 17 | €143,231 | €1,076,242 | +€933,011 | +651.4% |
| Financial debts | 170/4 | €143,231 | €114,793 | -€28,438 | -19.9% |
| Other amounts payable | 178/9 | - | €961,449 | +€961,449 | |
| Amounts payable within one year | 42/48 | €1,332,040 | €697,450 | -€634,590 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €33,904 | €31,847 | -€2,057 | -6.1% |
| Trade debts | 44 | €22,036 | €15,930 | -€6,107 | -27.7% |
| Suppliers | 440/4 | €22,036 | €15,930 | -€6,107 | -27.7% |
| Taxes, remuneration and social security | 45 | €2,137 | €4,305 | +€2,168 | +101.4% |
| Taxes | 450/3 | - | €4,305 | +€4,305 | |
| Remuneration and social security | 454/9 | €2,137 | - | -€2,137 | |
| Other amounts payable | 47/48 | €1,273,963 | €645,369 | -€628,594 | -49.3% |
| Remuneration, social security and pensions | 62 | €55,857 | €69,288 | +€13,431 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,809 | €9,655 | -€154 | -1.6% |
| Other operating charges | 640/8 | €9,725 | €9,445 | -€280 | -2.9% |
| Gross operating margin | 9900 | €61,667 | €157,360 | +€95,694 | +155.2% |
| Operating profit (loss) | 9901 | -€13,725 | €68,972 | +€82,697 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +27000.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +27000.0% |
| Financial charges | 65/66B | €4,653 | €5,005 | +€352 | +7.6% |
| Recurring financial charges | 65 | €4,653 | €5,005 | +€352 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,378 | €63,978 | +€82,356 | |
| Profit (loss) for the period | 9904 | -€18,378 | €63,978 | +€82,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,378 | €63,978 | +€82,356 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.