MAT & CO: 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 & CO
Largest movements
- Cash +€16,013
up €16,013 (+58.2%), from €27,520 to €43,534
mainly Net result for the year (+€16,035) and Depreciation (+€9,105)
- Tangible fixed assets -€6,471
down €6,471 (-29.5%), from €21,953 to €15,482
of which Furniture and vehicles: -€5,257
- Receivables within one year -€2,123
down €2,123 (-27.5%), from €7,723 to €5,601
of which Other amounts receivable: -€2,423
- Stocks and contracts +€715
up €715 (+20.5%), from €3,480 to €4,194
- Profit (loss) carried forward +€16,035
up €16,035 (+40.6%), from -€39,521 to -€23,486
- Trade debts -€4,895
down €4,895 (-24.5%), from €20,016 to €15,120
- Other debts -€1,738
down €1,738 (-27.6%), from €6,304 to €4,566
- Tax, wage and social debts -€1,147
down €1,147 (-34.8%), from €3,298 to €2,151
of which Remuneration and social security: -€967
- Gross operating margin +€17,580
up €17,580 (+35.3%), from €49,768 to €67,348
- Staff costs +€6,629
up €6,629 (+20.6%), from €32,204 to €38,832
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.
Cash bridge derived
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 | €63,040 | €71,294 | +€8,254 | +13.1% |
| Fixed assets | 21/28 | €22,853 | €15,882 | -€6,971 | -30.5% |
| Tangible fixed assets | 22/27 | €21,953 | €15,482 | -€6,471 | -29.5% |
| Plant, machinery and equipment | 23 | €5,156 | €3,942 | -€1,214 | -23.5% |
| Furniture and vehicles | 24 | €16,797 | €11,539 | -€5,257 | -31.3% |
| Financial fixed assets | 28 | €900 | €400 | -€500 | -55.6% |
| Current assets | 29/58 | €40,186 | €55,412 | +€15,226 | +37.9% |
| Stocks and contracts in progress | 3 | €3,480 | €4,194 | +€715 | +20.5% |
| Stocks | 30/36 | €3,480 | €4,194 | +€715 | +20.5% |
| Amounts receivable within one year | 40/41 | €7,723 | €5,601 | -€2,123 | -27.5% |
| Trade receivables | 40 | €145 | €446 | +€300 | +206.6% |
| Other amounts receivable | 41 | €7,578 | €5,155 | -€2,423 | -32.0% |
| Cash at bank and in hand | 54/58 | €27,520 | €43,534 | +€16,013 | +58.2% |
| Deferred charges and accrued income | 490/1 | €1,463 | €2,084 | +€621 | +42.4% |
| Total equity and liabilities | 10/49 | €63,040 | €71,294 | +€8,254 | +13.1% |
| Equity | 10/15 | €33,422 | €49,457 | +€16,035 | +48.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €54,351 | €54,351 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44 | €44 | = | 0.0% |
| Reserves not available under the articles | 1311 | €44 | €44 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,307 | €54,307 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,521 | -€23,486 | +€16,035 | +40.6% |
| Amounts payable | 17/49 | €29,618 | €21,838 | -€7,780 | -26.3% |
| Amounts payable within one year | 42/48 | €29,618 | €21,838 | -€7,780 | -26.3% |
| Trade debts | 44 | €20,016 | €15,120 | -€4,895 | -24.5% |
| Suppliers | 440/4 | €20,016 | €15,120 | -€4,895 | -24.5% |
| Taxes, remuneration and social security | 45 | €3,298 | €2,151 | -€1,147 | -34.8% |
| Taxes | 450/3 | €232 | €52 | -€180 | -77.6% |
| Remuneration and social security | 454/9 | €3,065 | €2,099 | -€967 | -31.5% |
| Other amounts payable | 47/48 | €6,304 | €4,566 | -€1,738 | -27.6% |
| Non-recurring operating income | 76A | €116 | €206 | +€90 | +78.0% |
| Remuneration, social security and pensions | 62 | €32,204 | €38,832 | +€6,629 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,297 | €9,105 | -€192 | -2.1% |
| Other operating charges | 640/8 | €1,295 | €1,597 | +€302 | +23.3% |
| Non-recurring operating charges | 66A | €94 | €46 | -€48 | -51.1% |
| Gross operating margin | 9900 | €49,768 | €67,348 | +€17,580 | +35.3% |
| Operating profit (loss) | 9901 | €6,879 | €17,768 | +€10,890 | +158.3% |
| Financial income | 75/76B | €28 | €84 | +€56 | +199.3% |
| Recurring financial income | 75 | €28 | €84 | +€56 | +199.3% |
| Financial charges | 65/66B | €1,695 | €1,818 | +€123 | +7.3% |
| Recurring financial charges | 65 | €1,695 | €1,818 | +€123 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €5,212 | €16,035 | +€10,823 | +207.6% |
| Profit (loss) for the period | 9904 | €5,212 | €16,035 | +€10,823 | +207.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,212 | €16,035 | +€10,823 | +207.6% |
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 10 October 2026 via checked.be.