Matand: 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.
Matand
Largest movements
- Receivables within one year -€32,514
down €32,514 (-7.3%), from €446,045 to €413,531
of which Trade receivables: -€133,255
- Cash +€22,011
up €22,011 (+21.0%), from €105,051 to €127,062
mainly Net result for the year (+€64,787) and Receivables within one year (+€32,514)
- Deferred charges and accrued income +€14,444
up €14,444 (+134%), from €10,800 to €25,244
- Reserves +€64,787
up €64,787 (+15.9%), from €406,900 to €471,687
of which Distributable reserves: +€64,787
- Trade debts -€32,549
down €32,549 (-64.3%), from €50,644 to €18,095
- Tax, wage and social debts -€29,418
down €29,418 (-32.4%), from €90,751 to €61,333
- Gross operating margin +€5,140
up €5,140 (+6.3%), from €82,067 to €87,207
- Taxes +€1,586
up €1,586 (+6.4%), from €24,733 to €26,319
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 | €567,232 | €570,695 | +€3,462 | +0.6% |
| Fixed assets | 21/28 | €5,337 | €4,858 | -€479 | -9.0% |
| Tangible fixed assets | 22/27 | €1,437 | €958 | -€479 | -33.3% |
| Other tangible fixed assets | 26 | €1,437 | €958 | -€479 | -33.3% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €561,895 | €565,837 | +€3,941 | +0.7% |
| Amounts receivable within one year | 40/41 | €446,045 | €413,531 | -€32,514 | -7.3% |
| Trade receivables | 40 | €229,187 | €95,932 | -€133,255 | -58.1% |
| Other amounts receivable | 41 | €216,858 | €317,599 | +€100,741 | +46.5% |
| Cash at bank and in hand | 54/58 | €105,051 | €127,062 | +€22,011 | +21.0% |
| Deferred charges and accrued income | 490/1 | €10,800 | €25,244 | +€14,444 | +134% |
| Total equity and liabilities | 10/49 | €567,232 | €570,695 | +€3,462 | +0.6% |
| Equity | 10/15 | €425,741 | €490,529 | +€64,787 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €406,900 | €471,687 | +€64,787 | +15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €406,900 | €471,687 | +€64,787 | +15.9% |
| Profit (loss) carried forward | 14 | €242 | €242 | = | 0.0% |
| Amounts payable | 17/49 | €141,491 | €80,166 | -€61,325 | -43.3% |
| Amounts payable within one year | 42/48 | €141,395 | €79,428 | -€61,967 | -43.8% |
| Trade debts | 44 | €50,644 | €18,095 | -€32,549 | -64.3% |
| Suppliers | 440/4 | €50,644 | €18,095 | -€32,549 | -64.3% |
| Taxes, remuneration and social security | 45 | €90,751 | €61,333 | -€29,418 | -32.4% |
| Taxes | 450/3 | €90,751 | €61,333 | -€29,418 | -32.4% |
| Accrued charges and deferred income | 492/3 | €96 | €738 | +€642 | +667% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €479 | = | 0.0% |
| Other operating charges | 640/8 | €638 | €654 | +€16 | +2.5% |
| Gross operating margin | 9900 | €82,067 | €87,207 | +€5,140 | +6.3% |
| Operating profit (loss) | 9901 | €80,950 | €86,074 | +€5,124 | +6.3% |
| Financial income | 75/76B | €4,684 | €5,536 | +€852 | +18.2% |
| Recurring financial income | 75 | €4,684 | €5,536 | +€852 | +18.2% |
| Financial charges | 65/66B | €383 | €504 | +€121 | +31.7% |
| Recurring financial charges | 65 | €383 | €504 | +€121 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €85,251 | €91,106 | +€5,855 | +6.9% |
| Income taxes | 67/77 | €24,733 | €26,319 | +€1,586 | +6.4% |
| Profit (loss) for the period | 9904 | €60,518 | €64,787 | +€4,269 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,518 | €64,787 | +€4,269 | +7.1% |
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.