MAT-IT: what changed
Two fiscal 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-IT
Largest movements
- Cash +€44,204
up €44,204 (+250.2%), from €17,668 to €61,872
mainly Net result for the year (+€55,702) and Trade debts (+€8,302)
- Tangible fixed assets +€16,030
up €16,030 (+90.3%), from €17,752 to €33,782
of which Land and buildings: +€19,278
- Receivables after one year +€7,668
up €7,668 (+52.9%), from €14,495 to €22,163
of which Trade receivables: +€19,312
- Reserves +€67,241
up €67,241 (+336.2%), from €20,000 to €87,241
of which Distributable reserves: +€67,241
- Profit (loss) carried forward -€11,539
no longer reported in 2025 (was €11,539)
- Trade debts +€8,302
up €8,302 (+1748.4%), from €475 to €8,777
- Tax, wage and social debts +€3,897
up €3,897 (+23.1%), from €16,902 to €20,799
of which Taxes: +€3,523
- Turnover +€83,768
up €83,768 (+76.4%), from €109,638 to €193,406
- Gross operating margin +€56,190
up €56,190 (+75.1%), from €74,814 to €131,004
- Purchases and services +€27,577
up €27,577 (+79.2%), from €34,825 to €62,402
- Staff costs +€25,422
up €25,422 (+85.6%), from €29,692 to €55,114
- Taxes +€3,560
up €3,560 (+32.4%), from €11,000 to €14,560
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 | €49,915 | €117,817 | +€67,901 | +136.0% |
| Fixed assets | 21/28 | €17,752 | €33,782 | +€16,030 | +90.3% |
| Tangible fixed assets | 22/27 | €17,752 | €33,782 | +€16,030 | +90.3% |
| Land and buildings | 22 | - | €19,278 | +€19,278 | |
| Plant, machinery and equipment | 23 | €14,807 | €12,595 | -€2,212 | -14.9% |
| Furniture and vehicles | 24 | €2,945 | €1,909 | -€1,036 | -35.2% |
| Current assets | 29/58 | €32,163 | €84,035 | +€51,872 | +161.3% |
| Amounts receivable after more than one year | 29 | €14,495 | €22,163 | +€7,668 | +52.9% |
| Trade receivables | 290 | - | €19,312 | +€19,312 | |
| Other amounts receivable | 291 | €14,495 | €2,851 | -€11,644 | -80.3% |
| Cash at bank and in hand | 54/58 | €17,668 | €61,872 | +€44,204 | +250.2% |
| Total equity and liabilities | 10/49 | €49,915 | €117,817 | +€67,901 | +136.0% |
| Equity | 10/15 | €32,539 | €88,241 | +€55,702 | +171.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €87,241 | +€67,241 | +336.2% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | - | €67,241 | +€67,241 | |
| Profit (loss) carried forward | 14 | €11,539 | - | -€11,539 | |
| Amounts payable | 17/49 | €17,377 | €29,576 | +€12,199 | +70.2% |
| Amounts payable within one year | 42/48 | €17,377 | €29,576 | +€12,199 | +70.2% |
| Trade debts | 44 | €475 | €8,777 | +€8,302 | +1748.4% |
| Suppliers | 440/4 | €475 | €8,777 | +€8,302 | +1748.4% |
| Taxes, remuneration and social security | 45 | €16,902 | €20,799 | +€3,897 | +23.1% |
| Taxes | 450/3 | €14,210 | €17,733 | +€3,523 | +24.8% |
| Remuneration and social security | 454/9 | €2,692 | €3,066 | +€374 | +13.9% |
| Turnover | 70 | €109,638 | €193,406 | +€83,768 | +76.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,825 | €62,402 | +€27,577 | +79.2% |
| Remuneration, social security and pensions | 62 | €29,692 | €55,114 | +€25,422 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349 | €3,380 | +€2,030 | +150.5% |
| Other operating charges | 640/8 | €308 | €235 | -€73 | -23.7% |
| Gross operating margin | 9900 | €74,814 | €131,004 | +€56,190 | +75.1% |
| Operating profit (loss) | 9901 | €43,464 | €72,274 | +€28,811 | +66.3% |
| Financial income | 75/76B | €853 | €150 | -€702 | -82.4% |
| Recurring financial income | 75 | €853 | €150 | -€702 | -82.4% |
| Non-recurring financial income | 76B | €853 | €150 | -€702 | -82.4% |
| Financial charges | 65/66B | €1,778 | €2,163 | +€385 | +21.7% |
| Recurring financial charges | 65 | €1,778 | €2,163 | +€385 | +21.7% |
| Non-recurring financial charges | 66B | €1,778 | €2,163 | +€385 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €42,539 | €70,262 | +€27,723 | +65.2% |
| Income taxes | 67/77 | €11,000 | €14,560 | +€3,560 | +32.4% |
| Profit (loss) for the period | 9904 | €31,539 | €55,702 | +€24,163 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,539 | €55,702 | +€24,163 | +76.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.