L-MATIC: 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.
L-MATIC
Largest movements
- Cash +€119,139
up €119,139 (+73.9%), from €161,200 to €280,340
mainly Current investments (+€100,000) and Net result for the year (+€51,470)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year -€5,627
down €5,627 (-15.4%), from €36,500 to €30,873
of which Trade receivables: -€9,064
- Reserves -€48,530
down €48,530 (-22.2%), from €219,037 to €170,507
of which Distributable reserves: -€48,530
- Other debts +€42,804
up €42,804 (+99.2%), from €43,149 to €85,953
- Debts after one year +€12,411
up €12,411 (+124%), from €10,022 to €22,433
- Gross operating margin -€33,784
down €33,784 (-25.7%), from €131,479 to €97,695
- Taxes -€8,881
down €8,881 (-33.3%), from €26,632 to €17,751
- Staff costs +€1,891
up €1,891 (+8.0%), from €23,746 to €25,637
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 | €310,484 | €321,838 | +€11,354 | +3.7% |
| Fixed assets | 21/28 | €4,597 | €2,421 | -€2,176 | -47.3% |
| Intangible fixed assets | 21 | €1,000 | €0 | -€1,000 | -100% |
| Tangible fixed assets | 22/27 | €2,617 | €1,441 | -€1,176 | -44.9% |
| Plant, machinery and equipment | 23 | €1,578 | €1,109 | -€469 | -29.7% |
| Furniture and vehicles | 24 | €1,040 | €333 | -€707 | -68.0% |
| Financial fixed assets | 28 | €980 | €980 | = | 0.0% |
| Current assets | 29/58 | €305,887 | €319,416 | +€13,530 | +4.4% |
| Stocks and contracts in progress | 3 | €5,481 | €6,383 | +€902 | +16.5% |
| Stocks | 30/36 | €5,481 | €6,383 | +€902 | +16.5% |
| Amounts receivable within one year | 40/41 | €36,500 | €30,873 | -€5,627 | -15.4% |
| Trade receivables | 40 | €34,600 | €25,536 | -€9,064 | -26.2% |
| Other amounts receivable | 41 | €1,900 | €5,338 | +€3,438 | +181% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €161,200 | €280,340 | +€119,139 | +73.9% |
| Deferred charges and accrued income | 490/1 | €2,705 | €1,820 | -€885 | -32.7% |
| Total equity and liabilities | 10/49 | €310,484 | €321,838 | +€11,354 | +3.7% |
| Equity | 10/15 | €237,587 | €189,057 | -€48,530 | -20.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €219,037 | €170,507 | -€48,530 | -22.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €200,287 | €151,757 | -€48,530 | -24.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,897 | €132,781 | +€59,884 | +82.1% |
| Amounts payable after more than one year | 17 | €10,022 | €22,433 | +€12,411 | +124% |
| Other amounts payable | 178/9 | €10,022 | €22,433 | +€12,411 | +124% |
| Amounts payable within one year | 42/48 | €62,648 | €110,348 | +€47,700 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €4,396 | €7,027 | +€2,631 | +59.9% |
| Suppliers | 440/4 | €4,396 | €7,027 | +€2,631 | +59.9% |
| Taxes, remuneration and social security | 45 | €15,104 | €17,351 | +€2,247 | +14.9% |
| Taxes | 450/3 | €14,380 | €16,269 | +€1,889 | +13.1% |
| Remuneration and social security | 454/9 | €724 | €1,082 | +€358 | +49.5% |
| Other amounts payable | 47/48 | €43,149 | €85,953 | +€42,804 | +99.2% |
| Accrued charges and deferred income | 492/3 | €227 | €0 | -€227 | -100% |
| Remuneration, social security and pensions | 62 | €23,746 | €25,637 | +€1,891 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,331 | €2,176 | -€1,154 | -34.7% |
| Other operating charges | 640/8 | €1,532 | €1,334 | -€198 | -12.9% |
| Non-recurring operating charges | 66A | €644 | €0 | -€644 | -100% |
| Gross operating margin | 9900 | €131,479 | €97,695 | -€33,784 | -25.7% |
| Operating profit (loss) | 9901 | €102,226 | €68,548 | -€33,678 | -32.9% |
| Financial income | 75/76B | €1,600 | €2,290 | +€689 | +43.1% |
| Recurring financial income | 75 | €1,600 | €2,290 | +€689 | +43.1% |
| Financial charges | 65/66B | €1,234 | €1,618 | +€384 | +31.1% |
| Recurring financial charges | 65 | €1,234 | €1,618 | +€384 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €102,593 | €69,221 | -€33,372 | -32.5% |
| Income taxes | 67/77 | €26,632 | €17,751 | -€8,881 | -33.3% |
| Profit (loss) for the period | 9904 | €75,961 | €51,470 | -€24,491 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,961 | €51,470 | -€24,491 | -32.2% |
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 26 October 2026 via checked.be.