4 U Matibo: 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.
4 U Matibo
Largest movements
- Current investments +€81,903
up €81,903 (+7.5%), from €1.1m to €1.2m
- Cash -€66,139
down €66,139 (-52.0%), from €127,220 to €61,081
mainly Contributions, distributions and other (-€178,580) and Current investments (-€81,903)
- Tangible fixed assets -€54,876
down €54,876 (-4.4%), from €1.2m to €1.2m
of which Land and buildings: -€42,515
- Reserves -€170,069
down €170,069 (-8.2%), from €2.1m to €1.9m
of which Distributable reserves: -€158,883
- Other debts +€160,830
up €160,830 (+1,256%), from €12,809 to €173,638
- Gross operating margin -€54,118
down €54,118 (-37.0%), from €146,183 to €92,065
- Financial charges +€27,068
up €27,068 (+1,506%), from €1,797 to €28,865
- Taxes -€17,617
down €17,617 (-47.3%), from €37,236 to €19,619
- Financial income +€7,940
up €7,940 (+29.1%), from €27,270 to €35,209
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 | €2,488,223 | €2,461,480 | -€26,743 | -1.1% |
| Fixed assets | 21/28 | €1,242,075 | €1,187,199 | -€54,876 | -4.4% |
| Tangible fixed assets | 22/27 | €1,242,057 | €1,187,180 | -€54,876 | -4.4% |
| Land and buildings | 22 | €1,151,877 | €1,109,362 | -€42,515 | -3.7% |
| Plant, machinery and equipment | 23 | €57 | €0 | -€57 | -100% |
| Furniture and vehicles | 24 | €90,123 | €77,818 | -€12,305 | -13.7% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €1,246,147 | €1,274,281 | +€28,134 | +2.3% |
| Amounts receivable within one year | 40/41 | €20,472 | €32,480 | +€12,008 | +58.7% |
| Trade receivables | 40 | €19,762 | €10,246 | -€9,516 | -48.2% |
| Other amounts receivable | 41 | €711 | €22,234 | +€21,523 | +3,029% |
| Current investments | 50/53 | €1,097,767 | €1,179,670 | +€81,903 | +7.5% |
| Cash at bank and in hand | 54/58 | €127,220 | €61,081 | -€66,139 | -52.0% |
| Deferred charges and accrued income | 490/1 | €688 | €1,050 | +€362 | +52.6% |
| Total equity and liabilities | 10/49 | €2,488,223 | €2,461,480 | -€26,743 | -1.1% |
| Equity | 10/15 | €2,357,810 | €2,187,742 | -€170,069 | -7.2% |
| Contributions | 10/11 | €295,973 | €295,973 | = | 0.0% |
| Capital | 10 | €295,973 | €295,973 | = | 0.0% |
| Issued capital | 100 | €295,973 | €295,973 | = | 0.0% |
| Reserves | 13 | €2,061,837 | €1,891,768 | -€170,069 | -8.2% |
| Non-distributable reserves | 130/1 | €29,597 | €29,597 | = | 0.0% |
| Legal reserve | 130 | €29,597 | €29,597 | = | 0.0% |
| Tax-exempt reserves | 132 | €219,862 | €208,677 | -€11,185 | -5.1% |
| Distributable reserves | 133 | €1,812,377 | €1,653,494 | -€158,883 | -8.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €73,287 | €69,559 | -€3,728 | -5.1% |
| Deferred taxes | 168 | €73,287 | €69,559 | -€3,728 | -5.1% |
| Amounts payable | 17/49 | €57,125 | €204,180 | +€147,054 | +257% |
| Amounts payable within one year | 42/48 | €55,781 | €201,825 | +€146,044 | +262% |
| Trade debts | 44 | €5,374 | €8,948 | +€3,574 | +66.5% |
| Suppliers | 440/4 | €5,374 | €8,948 | +€3,574 | +66.5% |
| Taxes, remuneration and social security | 45 | €37,598 | €19,238 | -€18,361 | -48.8% |
| Taxes | 450/3 | €37,598 | €19,238 | -€18,361 | -48.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,809 | €173,638 | +€160,830 | +1,256% |
| Accrued charges and deferred income | 492/3 | €1,344 | €2,355 | +€1,011 | +75.2% |
| Remuneration, social security and pensions | 62 | €582 | €177 | -€406 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,794 | €64,130 | -€664 | -1.0% |
| Other operating charges | 640/8 | €9,015 | €9,700 | +€685 | +7.6% |
| Gross operating margin | 9900 | €146,183 | €92,065 | -€54,118 | -37.0% |
| Operating profit (loss) | 9901 | €71,792 | €18,058 | -€53,734 | -74.8% |
| Financial income | 75/76B | €27,270 | €35,209 | +€7,940 | +29.1% |
| Recurring financial income | 75 | €27,270 | €35,209 | +€7,940 | +29.1% |
| Financial charges | 65/66B | €1,797 | €28,865 | +€27,068 | +1,506% |
| Recurring financial charges | 65 | €1,797 | €28,865 | +€27,068 | +1,506% |
| Profit (loss) for the period before taxes | 9903 | €97,265 | €24,403 | -€72,862 | -74.9% |
| Transfer from deferred taxes | 780 | €3,728 | €3,728 | = | 0.0% |
| Income taxes | 67/77 | €37,236 | €19,619 | -€17,617 | -47.3% |
| Profit (loss) for the period | 9904 | €63,757 | €8,512 | -€55,246 | -86.6% |
| Transfer from tax-exempt reserves | 789 | €11,185 | €11,185 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,942 | €19,697 | -€55,246 | -73.7% |
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 20 October 2026 via checked.be.