MAT EVENTS: 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 EVENTS
Largest movements
- Tangible fixed assets -€26,011
down €26,011 (-7.7%), from €336,632 to €310,621
of which Land and buildings: -€19,416
- Cash +€18,850
up €18,850 (+22.6%), from €83,375 to €102,226
mainly Depreciation (+€66,646) and Net result for the year (+€16,611)
- Debts after one year -€9,288
down €9,288 (-6.6%), from €141,309 to €132,021
- Reserves +€4,611
up €4,611 (+2.3%), from €202,917 to €207,528
- Staff costs +€15,779
up €15,779 (+1,193%), from €1,322 to €17,101
- Gross operating margin -€14,248
down €14,248 (-10.6%), from €134,200 to €119,952
- Depreciation +€7,036
up €7,036 (+11.8%), from €59,610 to €66,646
- Taxes -€5,821
down €5,821 (-48.7%), from €11,961 to €6,140
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 | €456,606 | €447,990 | -€8,616 | -1.9% |
| Fixed assets | 21/28 | €336,732 | €310,721 | -€26,011 | -7.7% |
| Tangible fixed assets | 22/27 | €336,632 | €310,621 | -€26,011 | -7.7% |
| Land and buildings | 22 | €195,050 | €175,633 | -€19,416 | -10.0% |
| Plant, machinery and equipment | 23 | €86,530 | €98,903 | +€12,373 | +14.3% |
| Furniture and vehicles | 24 | €55,052 | €36,085 | -€18,967 | -34.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €119,874 | €137,269 | +€17,395 | +14.5% |
| Amounts receivable within one year | 40/41 | €29,131 | €28,850 | -€281 | -1.0% |
| Trade receivables | 40 | €5,786 | €15,926 | +€10,140 | +175% |
| Other amounts receivable | 41 | €23,345 | €12,924 | -€10,421 | -44.6% |
| Cash at bank and in hand | 54/58 | €83,375 | €102,226 | +€18,850 | +22.6% |
| Deferred charges and accrued income | 490/1 | €7,368 | €6,193 | -€1,175 | -15.9% |
| Total equity and liabilities | 10/49 | €456,606 | €447,990 | -€8,616 | -1.9% |
| Equity | 10/15 | €251,517 | €256,128 | +€4,611 | +1.8% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €202,917 | €207,528 | +€4,611 | +2.3% |
| Distributable reserves | 133 | €202,917 | €207,528 | +€4,611 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,089 | €191,862 | -€13,227 | -6.4% |
| Amounts payable after more than one year | 17 | €141,309 | €132,021 | -€9,288 | -6.6% |
| Financial debts | 170/4 | €141,309 | €132,021 | -€9,288 | -6.6% |
| Amounts payable within one year | 42/48 | €63,780 | €59,841 | -€3,939 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €36,308 | €34,976 | -€1,332 | -3.7% |
| Financial debts | 43 | €27 | €266 | +€239 | +884% |
| Credit institutions | 430/8 | €27 | €266 | +€239 | +884% |
| Trade debts | 44 | €4,913 | €6,316 | +€1,403 | +28.6% |
| Suppliers | 440/4 | €4,913 | €6,316 | +€1,403 | +28.6% |
| Taxes, remuneration and social security | 45 | €6,532 | €6,284 | -€248 | -3.8% |
| Taxes | 450/3 | €6,329 | €5,329 | -€1,001 | -15.8% |
| Remuneration and social security | 454/9 | €203 | €955 | +€752 | +371% |
| Other amounts payable | 47/48 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Remuneration, social security and pensions | 62 | €1,322 | €17,101 | +€15,779 | +1,193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,610 | €66,646 | +€7,036 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€413 | -€644 | -€231 | -55.9% |
| Other operating charges | 640/8 | €5,454 | €6,108 | +€654 | +12.0% |
| Gross operating margin | 9900 | €134,200 | €119,952 | -€14,248 | -10.6% |
| Operating profit (loss) | 9901 | €68,227 | €30,742 | -€37,485 | -54.9% |
| Financial income | 75/76B | €1,233 | €668 | -€564 | -45.8% |
| Recurring financial income | 75 | €1,233 | €668 | -€564 | -45.8% |
| Financial charges | 65/66B | €8,805 | €8,658 | -€147 | -1.7% |
| Recurring financial charges | 65 | €8,805 | €8,658 | -€147 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €60,654 | €22,752 | -€37,903 | -62.5% |
| Income taxes | 67/77 | €11,961 | €6,140 | -€5,821 | -48.7% |
| Profit (loss) for the period | 9904 | €48,693 | €16,611 | -€32,082 | -65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,693 | €16,611 | -€32,082 | -65.9% |
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 21 October 2026 via checked.be.