PGS MATON: 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.
What changed
PGS MATON
NACE 16.110, Sawmilling and planing of wood
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€204,347
2024 · €362,624-€158,277
Equity
€5.1m
2024 · €4.9m+€196,902
Cash
€870,177
2024 · €488,855+€381,322
Balance sheet total
€6.5m
2024 · €6.2m+€300,478
Largest movements
Assets
- Receivables after one year +€500,000
up €500,000 (+55.6%), from €900,000 to €1.4m
- Cash +€381,322
up €381,322 (+78.0%), from €488,855 to €870,177
mainly Receivables within one year (+€355,230) and Depreciation (+€292,992)
- Receivables within one year -€355,230
down €355,230 (-22.2%), from €1.6m to €1.2m
of which Trade receivables: -€285,113
- Stocks and contracts -€126,210
down €126,210 (-8.8%), from €1.4m to €1.3m
- Tangible fixed assets -€111,421
down €111,421 (-6.3%), from €1.8m to €1.7m
of which Land and buildings: -€132,268
Equity and liabilities
- Reserves +€204,200
up €204,200 (+4.6%), from €4.4m to €4.6m
of which Distributable reserves: +€204,200
- Trade debts +€128,711
up €128,711 (+20.6%), from €626,088 to €754,799
Income statement
- Gross operating margin -€130,153
down €130,153 (-12.5%), from €1.0m to €914,463
- Financial income -€72,056
down €72,056 (-65.7%), from €109,622 to €37,566
- Taxes -€29,882
down €29,882 (-28.9%), from €103,367 to €73,485
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
€362,624
Gross operating margin
-€130,153
Staff costs
-€417
Depreciation
+€3,834
Other operating charges
+€5,164
Other operating items
-€262
Financial income
-€72,056
Financial charges
+€5,730
Taxes
+€29,882
Result 2025
€204,347
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€592,522
Investment
-€181,571
Financing
-€29,629
Cash 2024
€488,855
From operations (derived)
+€592,522
Net result for the year
+€204,347
Depreciation
+€292,992
Receivables after one year
-€500,000
Stocks and contracts
+€126,210
Receivables within one year
+€355,230
Deferred charges and accrued income
-€12,018
Trade debts
+€128,711
Tax, wage and social debts
-€2,146
Other debts
-€805
Investment (derived)
-€181,571
Investment in fixed assets (net)
-€181,571
Financing
-€29,629
Debts after one year
-€15,008
Current portion of long-term debt
-€7,176
Contributions, distributions and other
-€7,445
Cash 2025
€870,177
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,213,979 | €6,514,457 | +€300,478 | +4.8% |
| Fixed assets | 21/28 | €1,770,730 | €1,659,309 | -€111,421 | -6.3% |
| Tangible fixed assets | 22/27 | €1,770,730 | €1,659,309 | -€111,421 | -6.3% |
| Land and buildings | 22 | €1,056,465 | €924,197 | -€132,268 | -12.5% |
| Plant, machinery and equipment | 23 | €483,778 | €462,148 | -€21,630 | -4.5% |
| Furniture and vehicles | 24 | €29,328 | €30,171 | +€843 | +2.9% |
| Leasing and similar rights | 25 | €201,159 | €242,792 | +€41,633 | +20.7% |
| Current assets | 29/58 | €4,443,249 | €4,855,148 | +€411,899 | +9.3% |
| Amounts receivable after more than one year | 29 | €900,000 | €1,400,000 | +€500,000 | +55.6% |
| Other amounts receivable | 291 | €900,000 | €1,400,000 | +€500,000 | +55.6% |
| Stocks and contracts in progress | 3 | €1,426,781 | €1,300,572 | -€126,210 | -8.8% |
| Stocks | 30/36 | €1,426,781 | €1,300,572 | -€126,210 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,603,630 | €1,248,400 | -€355,230 | -22.2% |
| Trade receivables | 40 | €1,241,997 | €956,884 | -€285,113 | -23.0% |
| Other amounts receivable | 41 | €361,633 | €291,515 | -€70,118 | -19.4% |
| Cash at bank and in hand | 54/58 | €488,855 | €870,177 | +€381,322 | +78.0% |
| Deferred charges and accrued income | 490/1 | €23,983 | €36,000 | +€12,018 | +50.1% |
| Total equity and liabilities | 10/49 | €6,213,979 | €6,514,457 | +€300,478 | +4.8% |
| Equity | 10/15 | €4,927,784 | €5,124,686 | +€196,902 | +4.0% |
| Contributions | 10/11 | €474,368 | €474,368 | = | 0.0% |
| Capital | 10 | €474,368 | €474,368 | = | 0.0% |
| Issued capital | 100 | €474,368 | €474,368 | = | 0.0% |
| Reserves | 13 | €4,416,101 | €4,620,301 | +€204,200 | +4.6% |
| Non-distributable reserves | 130/1 | €47,437 | €47,437 | = | 0.0% |
| Legal reserve | 130 | €47,437 | €47,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,864 | €29,864 | = | 0.0% |
| Distributable reserves | 133 | €4,338,800 | €4,543,000 | +€204,200 | +4.7% |
| Profit (loss) carried forward | 14 | €730 | €877 | +€147 | +20.2% |
| Investment grants | 15 | €36,585 | €29,140 | -€7,445 | -20.4% |
| Amounts payable | 17/49 | €1,286,195 | €1,389,771 | +€103,576 | +8.1% |
| Amounts payable after more than one year | 17 | €330,480 | €315,472 | -€15,008 | -4.5% |
| Financial debts | 170/4 | €330,480 | €315,472 | -€15,008 | -4.5% |
| Amounts payable within one year | 42/48 | €955,715 | €1,074,299 | +€118,584 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €272,928 | €265,753 | -€7,176 | -2.6% |
| Trade debts | 44 | €626,088 | €754,799 | +€128,711 | +20.6% |
| Suppliers | 440/4 | €626,088 | €754,799 | +€128,711 | +20.6% |
| Taxes, remuneration and social security | 45 | €55,894 | €53,747 | -€2,146 | -3.8% |
| Taxes | 450/3 | €40,788 | €22,896 | -€17,892 | -43.9% |
| Remuneration and social security | 454/9 | €15,105 | €30,851 | +€15,746 | +104% |
| Other amounts payable | 47/48 | €805 | - | -€805 | |
| Non-recurring operating income | 76A | - | €9,451 | +€9,451 | |
| Remuneration, social security and pensions | 62 | €305,155 | €305,571 | +€417 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296,826 | €292,992 | -€3,834 | -1.3% |
| Other operating charges | 640/8 | €34,736 | €29,572 | -€5,164 | -14.9% |
| Non-recurring operating charges | 66A | €237 | €499 | +€262 | +111% |
| Gross operating margin | 9900 | €1,044,615 | €914,463 | -€130,153 | -12.5% |
| Operating profit (loss) | 9901 | €407,661 | €285,827 | -€121,834 | -29.9% |
| Financial income | 75/76B | €109,622 | €37,566 | -€72,056 | -65.7% |
| Recurring financial income | 75 | €109,622 | €37,566 | -€72,056 | -65.7% |
| Financial charges | 65/66B | €51,292 | €45,562 | -€5,730 | -11.2% |
| Recurring financial charges | 65 | €51,292 | €45,562 | -€5,730 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €465,991 | €277,832 | -€188,160 | -40.4% |
| Income taxes | 67/77 | €103,367 | €73,485 | -€29,882 | -28.9% |
| Profit (loss) for the period | 9904 | €362,624 | €204,347 | -€158,277 | -43.6% |
| Transfer from tax-exempt reserves | 789 | €71,200 | - | -€71,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €433,824 | €204,347 | -€229,477 | -52.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.