MATADI: 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.
MATADI
Largest movements
- Cash +€133,870
up €133,870 (+183.0%), from €73,171 to €207,042
mainly Current investments (+€120,000) and Other debts (+€14,022)
- Current investments -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Deferred charges and accrued income -€3,161
down €3,161 (-45.7%), from €6,916 to €3,755
- Other debts +€14,022
up €14,022 (+62.2%), from €22,554 to €36,576
- Tax, wage and social debts -€8,316
down €8,316 (-92.2%), from €9,024 to €708
- Reserves +€7,078
up €7,078 (+4.8%), from €148,840 to €155,918
- Gross operating margin -€29,796
down €29,796 (-63.2%), from €47,142 to €17,346
- Taxes -€9,122
down €9,122 (-66.3%), from €13,766 to €4,644
- Financial income -€2,549
down €2,549 (-80.6%), from €3,161 to €612
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 | €215,544 | €229,398 | +€13,854 | +6.4% |
| Fixed assets | 21/28 | €4,092 | €4,981 | +€889 | +21.7% |
| Tangible fixed assets | 22/27 | €1,797 | €2,686 | +€889 | +49.4% |
| Plant, machinery and equipment | 23 | - | €1,546 | +€1,546 | |
| Other tangible fixed assets | 26 | €1,797 | €1,140 | -€657 | -36.6% |
| Financial fixed assets | 28 | €2,295 | €2,295 | = | 0.0% |
| Current assets | 29/58 | €211,452 | €224,418 | +€12,966 | +6.1% |
| Amounts receivable within one year | 40/41 | €11,365 | €13,621 | +€2,256 | +19.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €11,365 | €13,621 | +€2,256 | +19.8% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €73,171 | €207,042 | +€133,870 | +183.0% |
| Deferred charges and accrued income | 490/1 | €6,916 | €3,755 | -€3,161 | -45.7% |
| Total equity and liabilities | 10/49 | €215,544 | €229,398 | +€13,854 | +6.4% |
| Equity | 10/15 | €179,440 | €186,518 | +€7,078 | +3.9% |
| Contributions | 10/11 | €30,600 | €30,600 | = | 0.0% |
| Reserves | 13 | €148,840 | €155,918 | +€7,078 | +4.8% |
| Distributable reserves | 133 | €148,840 | €155,918 | +€7,078 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,104 | €42,881 | +€6,776 | +18.8% |
| Amounts payable within one year | 42/48 | €34,030 | €41,383 | +€7,353 | +21.6% |
| Trade debts | 44 | €2,452 | €4,099 | +€1,647 | +67.2% |
| Suppliers | 440/4 | €2,452 | €4,099 | +€1,647 | +67.2% |
| Taxes, remuneration and social security | 45 | €9,024 | €708 | -€8,316 | -92.2% |
| Taxes | 450/3 | €9,024 | €708 | -€8,316 | -92.2% |
| Other amounts payable | 47/48 | €22,554 | €36,576 | +€14,022 | +62.2% |
| Accrued charges and deferred income | 492/3 | €2,075 | €1,498 | -€577 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846 | €664 | -€182 | -21.5% |
| Other operating charges | 640/8 | €1,743 | €1,822 | +€80 | +4.6% |
| Gross operating margin | 9900 | €47,142 | €17,346 | -€29,796 | -63.2% |
| Operating profit (loss) | 9901 | €44,553 | €14,859 | -€29,694 | -66.6% |
| Financial income | 75/76B | €3,161 | €612 | -€2,549 | -80.6% |
| Recurring financial income | 75 | €3,161 | €612 | -€2,549 | -80.6% |
| Financial charges | 65/66B | €1,651 | €2,083 | +€432 | +26.2% |
| Recurring financial charges | 65 | €1,651 | €2,083 | +€432 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | €46,064 | €13,388 | -€32,675 | -70.9% |
| Income taxes | 67/77 | €13,766 | €4,644 | -€9,122 | -66.3% |
| Profit (loss) for the period | 9904 | €32,298 | €8,744 | -€23,554 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,298 | €8,744 | -€23,554 | -72.9% |
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 3 October 2026 via checked.be.