Matagalpa: 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.
Matagalpa
Largest movements
- Receivables within one year -€28,837
down €28,837 (-89.6%), from €32,198 to €3,361
of which Trade receivables: -€30,837
- Cash +€21,638
new in 2025: €21,638
mainly Receivables within one year (+€28,837) and Current investments (+€8,248)
- Current investments -€8,248
no longer reported in 2025 (was €8,248)
- Tangible fixed assets -€1,417
down €1,417 (-49.5%), from €2,862 to €1,444
- Reserves -€12,500
down €12,500 (-40.3%), from €31,029 to €18,529
of which Distributable reserves: -€12,500
- Tax, wage and social debts -€4,253
down €4,253 (-35.2%), from €12,086 to €7,833
- Profit (loss) carried forward -€1,235
new in 2025: -€1,235
- Current portion of long-term debt +€677
new in 2025: €677
- Gross operating margin -€5,049
down €5,049 (-59.9%), from €8,423 to €3,374
- Taxes -€1,445
down €1,445 (-84.5%), from €1,710 to €265
- Financial charges +€410
up €410 (+235%), from €174 to €584
- Other operating charges -€285
down €285 (-62.2%), from €458 to €173
- Staff costs -€125
down €125 (-5.4%), from €2,319 to €2,194
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 | €45,161 | €27,910 | -€17,251 | -38.2% |
| Fixed assets | 21/28 | €2,862 | €1,444 | -€1,417 | -49.5% |
| Tangible fixed assets | 22/27 | €2,862 | €1,444 | -€1,417 | -49.5% |
| Plant, machinery and equipment | 23 | €2,862 | €1,444 | -€1,417 | -49.5% |
| Current assets | 29/58 | €42,299 | €26,465 | -€15,833 | -37.4% |
| Stocks and contracts in progress | 3 | €1,853 | €1,467 | -€386 | -20.8% |
| Stocks | 30/36 | €1,853 | €1,467 | -€386 | -20.8% |
| Amounts receivable within one year | 40/41 | €32,198 | €3,361 | -€28,837 | -89.6% |
| Trade receivables | 40 | €32,198 | €1,361 | -€30,837 | -95.8% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €8,248 | - | -€8,248 | |
| Cash at bank and in hand | 54/58 | - | €21,638 | +€21,638 | |
| Total equity and liabilities | 10/49 | €45,161 | €27,910 | -€17,251 | -38.2% |
| Equity | 10/15 | €32,529 | €18,794 | -€13,735 | -42.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Issued capital | 100 | - | €1,500 | +€1,500 | |
| Reserves | 13 | €31,029 | €18,529 | -€12,500 | -40.3% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Legal reserve | 130 | - | €150 | +€150 | |
| Reserves not available under the articles | 1311 | €150 | - | -€150 | |
| Distributable reserves | 133 | €30,879 | €18,379 | -€12,500 | -40.5% |
| Profit (loss) carried forward | 14 | - | -€1,235 | -€1,235 | |
| Amounts payable | 17/49 | €12,632 | €9,116 | -€3,516 | -27.8% |
| Amounts payable within one year | 42/48 | €12,632 | €9,116 | -€3,516 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | - | €677 | +€677 | |
| Trade debts | 44 | €356 | €606 | +€250 | +70.3% |
| Suppliers | 440/4 | €356 | €606 | +€250 | +70.3% |
| Taxes, remuneration and social security | 45 | €12,086 | €7,833 | -€4,253 | -35.2% |
| Taxes | 450/3 | €12,086 | €7,833 | -€4,253 | -35.2% |
| Other amounts payable | 47/48 | €190 | - | -€190 | |
| Remuneration, social security and pensions | 62 | €2,319 | €2,194 | -€125 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €1,417 | = | 0.0% |
| Other operating charges | 640/8 | €458 | €173 | -€285 | -62.2% |
| Gross operating margin | 9900 | €8,423 | €3,374 | -€5,049 | -59.9% |
| Operating profit (loss) | 9901 | €4,229 | -€411 | -€4,639 | |
| Financial income | 75/76B | €7 | €25 | +€19 | +284% |
| Recurring financial income | 75 | €7 | €25 | +€19 | +284% |
| Financial charges | 65/66B | €174 | €584 | +€410 | +235% |
| Recurring financial charges | 65 | €174 | €584 | +€410 | +235% |
| Profit (loss) for the period before taxes | 9903 | €4,061 | -€970 | -€5,031 | |
| Income taxes | 67/77 | €1,710 | €265 | -€1,445 | -84.5% |
| Profit (loss) for the period | 9904 | €2,351 | -€1,235 | -€3,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,351 | -€1,235 | -€3,585 |
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 24 October 2026 via checked.be.