MAATREX: 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.
MAATREX
Largest movements
- Receivables within one year +€24,395
up €24,395 (+125%), from €19,587 to €43,982
of which Other amounts receivable: +€24,717
- Tangible fixed assets -€12,380
down €12,380 (-50.1%), from €24,727 to €12,347
of which Furniture and vehicles: -€11,083
- Cash -€6,403
down €6,403 (-89.1%), from €7,190 to €787
mainly Receivables within one year (-€24,395) and Trade debts (-€7,869)
- Stocks and contracts -€2,159
down €2,159 (-100%), from €2,159 to €0
- Deferred charges and accrued income -€1,556
down €1,556 (-16.8%), from €9,260 to €7,705
- Advances received +€8,000
up €8,000, from €0 to €8,000
- Trade debts -€7,869
down €7,869 (-37.7%), from €20,866 to €12,997
- Debts after one year -€7,038
down €7,038 (-100%), from €7,038 to €0
- Reserves +€6,450
up €6,450 (+347%), from €1,860 to €8,310
of which Distributable reserves: +€6,450
- Current portion of long-term debt +€947
up €947 (+14.2%), from €6,660 to €7,607
- Depreciation -€1,683
down €1,683 (-12.0%), from €14,063 to €12,380
- Taxes +€915
up €915 (+26.1%), from €3,499 to €4,413
- Gross operating margin -€448
down €448 (-1.7%), from €27,031 to €26,583
- Other operating charges +€386
up €386 (+73.9%), from €523 to €909
- Financial charges +€316
up €316 (+14.9%), from €2,118 to €2,435
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 | €62,923 | €64,821 | +€1,898 | +3.0% |
| Fixed assets | 21/28 | €24,727 | €12,347 | -€12,380 | -50.1% |
| Tangible fixed assets | 22/27 | €24,727 | €12,347 | -€12,380 | -50.1% |
| Land and buildings | 22 | €3,484 | €2,187 | -€1,297 | -37.2% |
| Furniture and vehicles | 24 | €21,243 | €10,160 | -€11,083 | -52.2% |
| Current assets | 29/58 | €38,196 | €52,474 | +€14,278 | +37.4% |
| Stocks and contracts in progress | 3 | €2,159 | €0 | -€2,159 | -100% |
| Stocks | 30/36 | €2,159 | €0 | -€2,159 | -100% |
| Amounts receivable within one year | 40/41 | €19,587 | €43,982 | +€24,395 | +125% |
| Trade receivables | 40 | €12,874 | €12,552 | -€322 | -2.5% |
| Other amounts receivable | 41 | €6,713 | €31,431 | +€24,717 | +368% |
| Cash at bank and in hand | 54/58 | €7,190 | €787 | -€6,403 | -89.1% |
| Deferred charges and accrued income | 490/1 | €9,260 | €7,705 | -€1,556 | -16.8% |
| Total equity and liabilities | 10/49 | €62,923 | €64,821 | +€1,898 | +3.0% |
| Equity | 10/15 | €24,761 | €31,211 | +€6,450 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,310 | +€6,450 | +347% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €6,450 | +€6,450 | |
| Profit (loss) carried forward | 14 | €4,301 | €4,301 | = | 0.0% |
| Amounts payable | 17/49 | €38,162 | €33,610 | -€4,552 | -11.9% |
| Amounts payable after more than one year | 17 | €7,038 | €0 | -€7,038 | -100% |
| Financial debts | 170/4 | €7,038 | €0 | -€7,038 | -100% |
| Amounts payable within one year | 42/48 | €31,124 | €32,792 | +€1,668 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €6,660 | €7,607 | +€947 | +14.2% |
| Trade debts | 44 | €20,866 | €12,997 | -€7,869 | -37.7% |
| Suppliers | 440/4 | €20,866 | €12,997 | -€7,869 | -37.7% |
| Advances received on contracts in progress | 46 | €0 | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €3,598 | €4,189 | +€590 | +16.4% |
| Taxes | 450/3 | €3,598 | €4,189 | +€590 | +16.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,063 | €12,380 | -€1,683 | -12.0% |
| Other operating charges | 640/8 | €523 | €909 | +€386 | +73.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €27,031 | €26,583 | -€448 | -1.7% |
| Operating profit (loss) | 9901 | €12,445 | €13,294 | +€849 | +6.8% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,537% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,537% |
| Financial charges | 65/66B | €2,118 | €2,435 | +€316 | +14.9% |
| Recurring financial charges | 65 | €2,118 | €2,435 | +€316 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €10,327 | €10,863 | +€536 | +5.2% |
| Income taxes | 67/77 | €3,499 | €4,413 | +€915 | +26.1% |
| Profit (loss) for the period | 9904 | €6,828 | €6,450 | -€378 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,828 | €6,450 | -€378 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.