MATALEX: 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.
MATALEX
Largest movements
- Cash -€10,139
down €10,139 (-30.0%), from €33,813 to €23,675
mainly Net result for the year (-€16,509) and Tax, wage and social debts (-€3,901)
- Receivables within one year -€4,572
no longer reported in 2025 (was €4,572)
of which Other amounts receivable: -€4,502
- Tangible fixed assets -€1,697
down €1,697 (-77.7%), from €2,184 to €487
- Stocks and contracts +€1,497
up €1,497 (+29.2%), from €5,133 to €6,630
- Deferred charges and accrued income -€1,350
no longer reported in 2025 (was €1,350)
- Profit (loss) carried forward -€16,509
down €16,509, from €9,125 to -€7,384
- Trade debts +€4,255
up €4,255 (+48.7%), from €8,746 to €13,001
- Tax, wage and social debts -€3,901
down €3,901 (-45.8%), from €8,511 to €4,609
of which Remuneration and social security: -€3,944
- Staff costs -€22,841
down €22,841 (-39.8%), from €57,323 to €34,481
- Taxes +€4,324
new in 2025: €4,324
- Other operating charges -€3,861
down €3,861 (-83.2%), from €4,641 to €780
- Gross operating margin +€3,782
up €3,782 (+17.4%), from €21,698 to €25,480
- Depreciation -€1,045
down €1,045 (-38.1%), from €2,742 to €1,697
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 | €48,352 | €32,092 | -€16,260 | -33.6% |
| Fixed assets | 21/28 | €3,484 | €1,787 | -€1,697 | -48.7% |
| Tangible fixed assets | 22/27 | €2,184 | €487 | -€1,697 | -77.7% |
| Furniture and vehicles | 24 | €2,184 | €487 | -€1,697 | -77.7% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €44,868 | €30,305 | -€14,563 | -32.5% |
| Stocks and contracts in progress | 3 | €5,133 | €6,630 | +€1,497 | +29.2% |
| Stocks | 30/36 | €5,133 | €6,630 | +€1,497 | +29.2% |
| Amounts receivable within one year | 40/41 | €4,572 | - | -€4,572 | |
| Trade receivables | 40 | €70 | - | -€70 | |
| Other amounts receivable | 41 | €4,502 | - | -€4,502 | |
| Cash at bank and in hand | 54/58 | €33,813 | €23,675 | -€10,139 | -30.0% |
| Deferred charges and accrued income | 490/1 | €1,350 | - | -€1,350 | |
| Total equity and liabilities | 10/49 | €48,352 | €32,092 | -€16,260 | -33.6% |
| Equity | 10/15 | €27,725 | €11,216 | -€16,509 | -59.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,125 | -€7,384 | -€16,509 | |
| Amounts payable | 17/49 | €20,627 | €20,876 | +€249 | +1.2% |
| Amounts payable within one year | 42/48 | €20,627 | €20,876 | +€249 | +1.2% |
| Trade debts | 44 | €8,746 | €13,001 | +€4,255 | +48.7% |
| Suppliers | 440/4 | €8,746 | €13,001 | +€4,255 | +48.7% |
| Taxes, remuneration and social security | 45 | €8,511 | €4,609 | -€3,901 | -45.8% |
| Taxes | 450/3 | - | €42 | +€42 | |
| Remuneration and social security | 454/9 | €8,511 | €4,567 | -€3,944 | -46.3% |
| Other amounts payable | 47/48 | €3,370 | €3,265 | -€105 | -3.1% |
| Remuneration, social security and pensions | 62 | €57,323 | €34,481 | -€22,841 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,742 | €1,697 | -€1,045 | -38.1% |
| Other operating charges | 640/8 | €4,641 | €780 | -€3,861 | -83.2% |
| Gross operating margin | 9900 | €21,698 | €25,480 | +€3,782 | +17.4% |
| Operating profit (loss) | 9901 | -€43,008 | -€11,478 | +€31,530 | +73.3% |
| Financial income | 75/76B | €933 | €19 | -€914 | -97.9% |
| Recurring financial income | 75 | €55 | €19 | -€35 | -64.9% |
| Non-recurring financial income | 76B | €879 | - | -€879 | |
| Financial charges | 65/66B | €760 | €726 | -€34 | -4.5% |
| Recurring financial charges | 65 | €760 | €726 | -€34 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,835 | -€12,185 | +€30,650 | +71.6% |
| Income taxes | 67/77 | - | €4,324 | +€4,324 | |
| Profit (loss) for the period | 9904 | -€42,835 | -€16,509 | +€26,326 | +61.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,835 | -€16,509 | +€26,326 | +61.5% |
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.