DM - MATS: 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.
DM - MATS
Largest movements
- Tangible fixed assets -€17,031
down €17,031 (-11.5%), from €148,026 to €130,995
of which Land and buildings: -€18,093
- Cash -€3,123
down €3,123 (-59.3%), from €5,268 to €2,145
mainly Contributions, distributions and other (-€15,040) and Net result for the year (-€8,506)
- Reserves -€24,017
down €24,017 (-14.7%), from €162,862 to €138,845
of which Tax-exempt reserves: -€16,250
- Other debts +€12,010
up €12,010 (+112%), from €10,702 to €22,712
- Short-term financial debts -€7,629
no longer reported in 2025 (was €7,629)
- Trade debts -€4,624
no longer reported in 2025 (was €4,624)
- Tax, wage and social debts +€2,073
up €2,073 (+93.2%), from €2,225 to €4,298
- Gross operating margin +€13,410
up €13,410 (+197%), from €6,815 to €20,225
- Taxes +€3,971
new in 2025: €3,971
- Other operating charges -€746
down €746 (-26.2%), from €2,846 to €2,100
- Financial income -€709
down €709 (-90.6%), from €784 to €74
of which Non-recurring financial income: -€735
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 | €204,752 | €182,031 | -€22,721 | -11.1% |
| Fixed assets | 21/28 | €153,026 | €135,995 | -€17,031 | -11.1% |
| Tangible fixed assets | 22/27 | €148,026 | €130,995 | -€17,031 | -11.5% |
| Land and buildings | 22 | €142,085 | €123,992 | -€18,093 | -12.7% |
| Plant, machinery and equipment | 23 | €2,305 | €1,678 | -€627 | -27.2% |
| Furniture and vehicles | 24 | €3,635 | €5,324 | +€1,689 | +46.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €51,726 | €46,036 | -€5,690 | -11.0% |
| Stocks and contracts in progress | 3 | €6,602 | €4,867 | -€1,735 | -26.3% |
| Stocks | 30/36 | €6,602 | €4,867 | -€1,735 | -26.3% |
| Amounts receivable within one year | 40/41 | €32,533 | €31,424 | -€1,109 | -3.4% |
| Trade receivables | 40 | €8,400 | €7,908 | -€491 | -5.8% |
| Other amounts receivable | 41 | €24,133 | €23,516 | -€617 | -2.6% |
| Current investments | 50/53 | €7,117 | €7,161 | +€45 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,268 | €2,145 | -€3,123 | -59.3% |
| Deferred charges and accrued income | 490/1 | €207 | €439 | +€232 | +112% |
| Total equity and liabilities | 10/49 | €204,752 | €182,031 | -€22,721 | -11.1% |
| Equity | 10/15 | €178,567 | €155,021 | -€23,546 | -13.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €162,862 | €138,845 | -€24,017 | -14.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,052 | €108,802 | -€16,250 | -13.0% |
| Distributable reserves | 133 | €35,950 | €28,183 | -€7,767 | -21.6% |
| Profit (loss) carried forward | 14 | -€2,887 | -€2,416 | +€471 | +16.3% |
| Amounts payable | 17/49 | €26,185 | €27,010 | +€825 | +3.2% |
| Amounts payable within one year | 42/48 | €26,185 | €27,010 | +€825 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €1,005 | - | -€1,005 | |
| Financial debts | 43 | €7,629 | - | -€7,629 | |
| Credit institutions | 430/8 | €7,629 | - | -€7,629 | |
| Trade debts | 44 | €4,624 | - | -€4,624 | |
| Suppliers | 440/4 | €4,624 | - | -€4,624 | |
| Taxes, remuneration and social security | 45 | €2,225 | €4,298 | +€2,073 | +93.2% |
| Taxes | 450/3 | €2,225 | €4,298 | +€2,073 | +93.2% |
| Other amounts payable | 47/48 | €10,702 | €22,712 | +€12,010 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,949 | €20,137 | +€187 | +0.9% |
| Other operating charges | 640/8 | €2,846 | €2,100 | -€746 | -26.2% |
| Gross operating margin | 9900 | €6,815 | €20,225 | +€13,410 | +197% |
| Operating profit (loss) | 9901 | -€15,981 | -€2,012 | +€13,969 | +87.4% |
| Financial income | 75/76B | €784 | €74 | -€709 | -90.6% |
| Recurring financial income | 75 | €48 | €74 | +€26 | +54.1% |
| Non-recurring financial income | 76B | €735 | - | -€735 | |
| Financial charges | 65/66B | €2,691 | €2,597 | -€94 | -3.5% |
| Recurring financial charges | 65 | €2,691 | €2,597 | -€94 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,889 | -€4,535 | +€13,354 | +74.6% |
| Income taxes | 67/77 | - | €3,971 | +€3,971 | |
| Profit (loss) for the period | 9904 | -€17,889 | -€8,506 | +€9,382 | +52.4% |
| Transfer from tax-exempt reserves | 789 | €16,250 | €16,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,638 | €7,744 | +€9,382 |
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 18 October 2026 via checked.be.