MATAN: 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.
MATAN
Largest movements
- Tangible fixed assets -€33,410
down €33,410 (-23.2%), from €144,257 to €110,847
of which Furniture and vehicles: -€31,974
- Cash -€6,225
down €6,225 (-12.9%), from €48,379 to €42,154
mainly Contributions, distributions and other (-€81,877) and Tax, wage and social debts (-€29,897)
- Receivables within one year +€3,819
up €3,819 (+15.5%), from €24,699 to €28,518
of which Other amounts receivable: +€22,453
- Tax, wage and social debts -€29,897
down €29,897 (-43.6%), from €68,529 to €38,633
- Debts after one year -€27,471
down €27,471 (-38.8%), from €70,853 to €43,382
- Other debts +€17,836
up €17,836 (+27.9%), from €64,031 to €81,867
- Trade debts +€2,575
up €2,575 (+215.5%), from €1,195 to €3,770
- Gross operating margin -€106,053
down €106,053 (-41.2%), from €257,566 to €151,513
- Taxes -€24,053
down €24,053 (-44.9%), from €53,536 to €29,483
- Depreciation +€10,865
up €10,865 (+48.2%), from €22,545 to €33,410
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 | €241,034 | €205,183 | -€35,851 | -14.9% |
| Fixed assets | 21/28 | €166,257 | €132,847 | -€33,410 | -20.1% |
| Tangible fixed assets | 22/27 | €144,257 | €110,847 | -€33,410 | -23.2% |
| Furniture and vehicles | 24 | €139,002 | €107,028 | -€31,974 | -23.0% |
| Other tangible fixed assets | 26 | €5,254 | €3,819 | -€1,436 | -27.3% |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €74,777 | €72,336 | -€2,441 | -3.3% |
| Amounts receivable within one year | 40/41 | €24,699 | €28,518 | +€3,819 | +15.5% |
| Trade receivables | 40 | €18,634 | - | -€18,634 | |
| Other amounts receivable | 41 | €6,065 | €28,518 | +€22,453 | +370.2% |
| Cash at bank and in hand | 54/58 | €48,379 | €42,154 | -€6,225 | -12.9% |
| Deferred charges and accrued income | 490/1 | €1,700 | €1,664 | -€36 | -2.1% |
| Total equity and liabilities | 10/49 | €241,034 | €205,183 | -€35,851 | -14.9% |
| Equity | 10/15 | €8,060 | €8,060 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €232,974 | €197,123 | -€35,851 | -15.4% |
| Amounts payable after more than one year | 17 | €70,853 | €43,382 | -€27,471 | -38.8% |
| Advances received on contracts in progress | 176 | €70,853 | €43,382 | -€27,471 | -38.8% |
| Amounts payable within one year | 42/48 | €160,121 | €151,740 | -€8,380 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €26,365 | €27,471 | +€1,106 | +4.2% |
| Trade debts | 44 | €1,195 | €3,770 | +€2,575 | +215.5% |
| Suppliers | 440/4 | €1,195 | €3,770 | +€2,575 | +215.5% |
| Taxes, remuneration and social security | 45 | €68,529 | €38,633 | -€29,897 | -43.6% |
| Taxes | 450/3 | €68,529 | €38,633 | -€29,897 | -43.6% |
| Other amounts payable | 47/48 | €64,031 | €81,867 | +€17,836 | +27.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €4,332 | - | -€4,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,545 | €33,410 | +€10,865 | +48.2% |
| Other operating charges | 640/8 | €1,301 | €1,775 | +€474 | +36.4% |
| Gross operating margin | 9900 | €257,566 | €151,513 | -€106,053 | -41.2% |
| Operating profit (loss) | 9901 | €233,720 | €116,328 | -€117,391 | -50.2% |
| Financial income | 75/76B | €1 | €11 | +€10 | +745.9% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +745.9% |
| Financial charges | 65/66B | €4,057 | €4,980 | +€923 | +22.8% |
| Recurring financial charges | 65 | €4,057 | €4,980 | +€923 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €229,664 | €111,360 | -€118,305 | -51.5% |
| Income taxes | 67/77 | €53,536 | €29,483 | -€24,053 | -44.9% |
| Profit (loss) for the period | 9904 | €176,129 | €81,877 | -€94,252 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €176,129 | €81,877 | -€94,252 | -53.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.