MAT-CHA: 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.
MAT-CHA
Largest movements
- Receivables within one year -€22,307
down €22,307 (-42.9%), from €52,005 to €29,698
of which Other amounts receivable: -€20,950
- Tangible fixed assets -€18,395
down €18,395 (-20.1%), from €91,369 to €72,974
of which Furniture and vehicles: -€19,277
- Other debts +€170,137
up €170,137 (+523%), from €32,525 to €202,662
- Debts after one year -€155,185
down €155,185 (-22.9%), from €677,093 to €521,908
- Reserves -€31,265
down €31,265 (-4.5%), from €689,524 to €658,259
of which Distributable reserves: -€31,265
- Financial income -€100,000
down €100,000 (-100%), from €100,000 to €0
- Depreciation +€12,181
up €12,181 (+167%), from €7,279 to €19,460
- Financial charges +€9,756
up €9,756 (+31.4%), from €31,096 to €40,852
- Other operating charges +€663
up €663 (+29.3%), from €2,267 to €2,930
- Gross operating margin -€406
down €406 (-1.2%), from €33,139 to €32,732
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 | €1,746,864 | €1,731,532 | -€15,332 | -0.9% |
| Fixed assets | 21/28 | €1,675,354 | €1,656,959 | -€18,395 | -1.1% |
| Tangible fixed assets | 22/27 | €91,369 | €72,974 | -€18,395 | -20.1% |
| Plant, machinery and equipment | 23 | - | €882 | +€882 | |
| Furniture and vehicles | 24 | €91,369 | €72,092 | -€19,277 | -21.1% |
| Financial fixed assets | 28 | €1,583,985 | €1,583,985 | = | 0.0% |
| Current assets | 29/58 | €71,510 | €74,573 | +€3,063 | +4.3% |
| Amounts receivable within one year | 40/41 | €52,005 | €29,698 | -€22,307 | -42.9% |
| Trade receivables | 40 | €22,653 | €21,296 | -€1,357 | -6.0% |
| Other amounts receivable | 41 | €29,352 | €8,402 | -€20,950 | -71.4% |
| Cash at bank and in hand | 54/58 | €15,846 | €31,684 | +€15,838 | +100.0% |
| Deferred charges and accrued income | 490/1 | €3,659 | €13,191 | +€9,532 | +261% |
| Total equity and liabilities | 10/49 | €1,746,864 | €1,731,532 | -€15,332 | -0.9% |
| Equity | 10/15 | €839,524 | €808,259 | -€31,265 | -3.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €689,524 | €658,259 | -€31,265 | -4.5% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €674,524 | €643,259 | -€31,265 | -4.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €907,340 | €923,273 | +€15,933 | +1.8% |
| Amounts payable after more than one year | 17 | €677,093 | €521,908 | -€155,185 | -22.9% |
| Financial debts | 170/4 | €677,093 | €521,908 | -€155,185 | -22.9% |
| Amounts payable within one year | 42/48 | €200,352 | €374,741 | +€174,389 | +87.0% |
| Current portion of amounts payable after more than one year | 42 | €156,006 | €158,757 | +€2,750 | +1.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,142 | €3,206 | -€3,936 | -55.1% |
| Suppliers | 440/4 | €7,142 | €3,206 | -€3,936 | -55.1% |
| Taxes, remuneration and social security | 45 | €4,678 | €10,116 | +€5,438 | +116% |
| Taxes | 450/3 | €1,687 | €10,116 | +€8,429 | +500% |
| Remuneration and social security | 454/9 | €2,991 | €0 | -€2,991 | -100% |
| Other amounts payable | 47/48 | €32,525 | €202,662 | +€170,137 | +523% |
| Accrued charges and deferred income | 492/3 | €29,895 | €26,624 | -€3,271 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,279 | €19,460 | +€12,181 | +167% |
| Other operating charges | 640/8 | €2,267 | €2,930 | +€663 | +29.3% |
| Gross operating margin | 9900 | €33,139 | €32,732 | -€406 | -1.2% |
| Operating profit (loss) | 9901 | €23,593 | €10,342 | -€13,250 | -56.2% |
| Financial income | 75/76B | €100,000 | €0 | -€100,000 | -100% |
| Recurring financial income | 75 | €100,000 | €0 | -€100,000 | -100% |
| Financial charges | 65/66B | €31,096 | €40,852 | +€9,756 | +31.4% |
| Recurring financial charges | 65 | €31,096 | €40,852 | +€9,756 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €92,496 | -€30,510 | -€123,006 | |
| Income taxes | 67/77 | €648 | €756 | +€108 | +16.7% |
| Profit (loss) for the period | 9904 | €91,849 | -€31,265 | -€123,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,849 | -€31,265 | -€123,114 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.