Matan: 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.
Matan
Largest movements
- Current investments +€97,000
up €97,000 (+45.1%), from €215,000 to €312,000
- Receivables within one year -€24,413
down €24,413 (-67.1%), from €36,382 to €11,969
of which Trade receivables: -€36,382
- Cash +€22,641
up €22,641 (+550.9%), from €4,110 to €26,751
mainly Net result for the year (+€93,767) and Receivables within one year (+€24,413)
- Reserves +€93,767
up €93,767 (+38.0%), from €246,551 to €340,318
- Gross operating margin -€204,495
down €204,495 (-62.7%), from €325,993 to €121,498
- Taxes -€52,698
down €52,698 (-66.9%), from €78,761 to €26,063
- Financial income -€4,805
down €4,805 (-73.0%), from €6,580 to €1,775
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 | €256,790 | €352,824 | +€96,034 | +37.4% |
| Fixed assets | 21/28 | €1,298 | €1,918 | +€621 | +47.8% |
| Tangible fixed assets | 22/27 | €1,298 | €1,918 | +€621 | +47.8% |
| Plant, machinery and equipment | 23 | - | €1,914 | +€1,914 | |
| Furniture and vehicles | 24 | €1,298 | €4 | -€1,294 | -99.7% |
| Current assets | 29/58 | €255,492 | €350,905 | +€95,413 | +37.3% |
| Amounts receivable within one year | 40/41 | €36,382 | €11,969 | -€24,413 | -67.1% |
| Trade receivables | 40 | €36,382 | - | -€36,382 | |
| Other amounts receivable | 41 | - | €11,969 | +€11,969 | |
| Current investments | 50/53 | €215,000 | €312,000 | +€97,000 | +45.1% |
| Cash at bank and in hand | 54/58 | €4,110 | €26,751 | +€22,641 | +550.9% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €256,790 | €352,824 | +€96,034 | +37.4% |
| Equity | 10/15 | €251,551 | €345,318 | +€93,767 | +37.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €246,551 | €340,318 | +€93,767 | +38.0% |
| Distributable reserves | 133 | €246,551 | €340,318 | +€93,767 | +38.0% |
| Amounts payable | 17/49 | €5,239 | €7,506 | +€2,267 | +43.3% |
| Amounts payable within one year | 42/48 | €5,239 | €7,506 | +€2,267 | +43.3% |
| Trade debts | 44 | €108 | €27 | -€81 | -74.7% |
| Suppliers | 440/4 | €108 | €27 | -€81 | -74.7% |
| Taxes, remuneration and social security | 45 | €4,287 | €4,287 | = | 0.0% |
| Taxes | 450/3 | €4,287 | €4,287 | = | 0.0% |
| Other amounts payable | 47/48 | €844 | €3,191 | +€2,347 | +278.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,661 | €1,772 | -€1,888 | -51.6% |
| Other operating charges | 640/8 | €3,551 | €1,670 | -€1,880 | -53.0% |
| Gross operating margin | 9900 | €325,993 | €121,498 | -€204,495 | -62.7% |
| Operating profit (loss) | 9901 | €318,782 | €118,056 | -€200,727 | -63.0% |
| Financial income | 75/76B | €6,580 | €1,775 | -€4,805 | -73.0% |
| Recurring financial income | 75 | €6,580 | €1,775 | -€4,805 | -73.0% |
| Financial charges | 65/66B | €50 | - | -€50 | |
| Recurring financial charges | 65 | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €325,312 | €119,830 | -€205,481 | -63.2% |
| Income taxes | 67/77 | €78,761 | €26,063 | -€52,698 | -66.9% |
| Profit (loss) for the period | 9904 | €246,551 | €93,767 | -€152,783 | -62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €246,551 | €93,767 | -€152,783 | -62.0% |
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 10 October 2026 via checked.be.