MA-TI: 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.
MA-TI
Largest movements
- Cash +€23,599
up €23,599 (+39.9%), from €59,188 to €82,786
mainly Net result for the year (+€73,341) and Other debts (+€30,638)
- Tangible fixed assets -€10,425
down €10,425 (-92.3%), from €11,293 to €869
- Receivables within one year -€9,473
down €9,473 (-25.0%), from €37,913 to €28,441
of which Trade receivables: -€9,108
- Debts after one year -€34,500
no longer reported in 2025 (was €34,500)
- Other debts +€30,638
up €30,638 (+63.2%), from €48,491 to €79,130
- Contributions +€6,000
up €6,000 (+150%), from €4,000 to €10,000
- Gross operating margin +€83,998
up €83,998 (+327%), from €25,723 to €109,720
- Taxes +€17,568
up €17,568 (+729%), from €2,411 to €19,980
- Depreciation -€4,029
down €4,029 (-26.4%), from €15,271 to €11,242
- Financial charges +€3,221
up €3,221 (+209%), from €1,539 to €4,761
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 | €108,394 | €112,095 | +€3,701 | +3.4% |
| Fixed assets | 21/28 | €11,293 | €869 | -€10,425 | -92.3% |
| Tangible fixed assets | 22/27 | €11,293 | €869 | -€10,425 | -92.3% |
| Furniture and vehicles | 24 | €11,293 | €869 | -€10,425 | -92.3% |
| Current assets | 29/58 | €97,101 | €111,227 | +€14,126 | +14.5% |
| Amounts receivable within one year | 40/41 | €37,913 | €28,441 | -€9,473 | -25.0% |
| Trade receivables | 40 | €36,333 | €27,225 | -€9,108 | -25.1% |
| Other amounts receivable | 41 | €1,580 | €1,216 | -€365 | -23.1% |
| Cash at bank and in hand | 54/58 | €59,188 | €82,786 | +€23,599 | +39.9% |
| Total equity and liabilities | 10/49 | €108,394 | €112,095 | +€3,701 | +3.4% |
| Equity | 10/15 | €4,000 | €10,000 | +€6,000 | +150% |
| Contributions | 10/11 | €4,000 | €10,000 | +€6,000 | +150% |
| Amounts payable | 17/49 | €104,394 | €102,095 | -€2,299 | -2.2% |
| Amounts payable after more than one year | 17 | €34,500 | - | -€34,500 | |
| Financial debts | 170/4 | €34,500 | - | -€34,500 | |
| Amounts payable within one year | 42/48 | €63,183 | €94,984 | +€31,801 | +50.3% |
| Trade debts | 44 | - | €911 | +€911 | |
| Suppliers | 440/4 | - | €911 | +€911 | |
| Taxes, remuneration and social security | 45 | €14,691 | €14,943 | +€252 | +1.7% |
| Taxes | 450/3 | €14,691 | €14,943 | +€252 | +1.7% |
| Other amounts payable | 47/48 | €48,491 | €79,130 | +€30,638 | +63.2% |
| Accrued charges and deferred income | 492/3 | €6,711 | €7,111 | +€400 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,271 | €11,242 | -€4,029 | -26.4% |
| Other operating charges | 640/8 | €770 | €788 | +€18 | +2.3% |
| Gross operating margin | 9900 | €25,723 | €109,720 | +€83,998 | +327% |
| Operating profit (loss) | 9901 | €9,682 | €97,691 | +€88,009 | +909% |
| Financial income | 75/76B | €149 | €390 | +€242 | +162% |
| Recurring financial income | 75 | €149 | €390 | +€242 | +162% |
| Financial charges | 65/66B | €1,539 | €4,761 | +€3,221 | +209% |
| Recurring financial charges | 65 | €1,539 | €4,761 | +€3,221 | +209% |
| Profit (loss) for the period before taxes | 9903 | €8,291 | €93,320 | +€85,029 | +1,026% |
| Income taxes | 67/77 | €2,411 | €19,980 | +€17,568 | +729% |
| Profit (loss) for the period | 9904 | €5,880 | €73,341 | +€67,461 | +1,147% |
| Profit (loss) for the period to be appropriated | 9905 | €5,880 | €73,341 | +€67,461 | +1,147% |
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 17 October 2026 via checked.be.