MATCHA CONSEIL: 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.
MATCHA CONSEIL
Largest movements
- Cash -€26,058
down €26,058 (-30.5%), from €85,513 to €59,455
mainly Investment in fixed assets (net) (-€103,791) and Accrued charges and deferred income (-€49,314)
- Tangible fixed assets +€19,051
up €19,051 (+81.2%), from €23,468 to €42,519
of which Leasing and similar rights: +€21,491
- Intangible fixed assets -€10,961
down €10,961 (-3.7%), from €298,675 to €287,714
- Deferred charges and accrued income +€10,958
up €10,958 (+129%), from €8,505 to €19,463
- Investment grants +€49,540
up €49,540 (+60.8%), from €81,518 to €131,058
- Accrued charges and deferred income -€49,314
down €49,314 (-20.6%), from €239,153 to €189,839
- Reserves -€30,179
down €30,179 (-53.1%), from €56,860 to €26,681
- Profit (loss) carried forward +€17,008
no longer reported in 2025 (was -€17,008)
- Provisions +€16,513
up €16,513 (+60.8%), from €27,173 to €43,686
- Gross operating margin +€46,045
up €46,045 (+761%), from €6,051 to €52,096
- Depreciation +€24,234
up €24,234 (+33.9%), from €71,467 to €95,701
- Financial income +€6,490
up €6,490 (+28.4%), from €22,830 to €29,320
- Other operating charges +€3,433
up €3,433 (+238%), from €1,440 to €4,873
- Financial charges +€573
up €573 (+28.7%), from €1,995 to €2,568
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 | €440,995 | €438,130 | -€2,866 | -0.6% |
| Fixed assets | 21/28 | €322,143 | €330,233 | +€8,090 | +2.5% |
| Intangible fixed assets | 21 | €298,675 | €287,714 | -€10,961 | -3.7% |
| Tangible fixed assets | 22/27 | €23,468 | €42,519 | +€19,051 | +81.2% |
| Furniture and vehicles | 24 | €7,220 | €4,848 | -€2,372 | -32.9% |
| Leasing and similar rights | 25 | €4,055 | €25,546 | +€21,491 | +530% |
| Other tangible fixed assets | 26 | €12,193 | €12,125 | -€68 | -0.6% |
| Current assets | 29/58 | €118,852 | €107,896 | -€10,956 | -9.2% |
| Amounts receivable within one year | 40/41 | €24,834 | €28,979 | +€4,144 | +16.7% |
| Trade receivables | 40 | €2,856 | €8,701 | +€5,845 | +205% |
| Other amounts receivable | 41 | €21,978 | €20,278 | -€1,700 | -7.7% |
| Cash at bank and in hand | 54/58 | €85,513 | €59,455 | -€26,058 | -30.5% |
| Deferred charges and accrued income | 490/1 | €8,505 | €19,463 | +€10,958 | +129% |
| Total equity and liabilities | 10/49 | €440,995 | €438,130 | -€2,866 | -0.6% |
| Equity | 10/15 | €139,970 | €176,339 | +€36,370 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,860 | €26,681 | -€30,179 | -53.1% |
| Distributable reserves | 133 | €56,860 | €26,681 | -€30,179 | -53.1% |
| Profit (loss) carried forward | 14 | -€17,008 | - | +€17,008 | |
| Investment grants | 15 | €81,518 | €131,058 | +€49,540 | +60.8% |
| Provisions and deferred taxes | 16 | €27,173 | €43,686 | +€16,513 | +60.8% |
| Deferred taxes | 168 | €27,173 | €43,686 | +€16,513 | +60.8% |
| Amounts payable | 17/49 | €273,853 | €218,105 | -€55,749 | -20.4% |
| Amounts payable within one year | 42/48 | €34,701 | €28,266 | -€6,435 | -18.5% |
| Trade debts | 44 | €994 | €1,347 | +€353 | +35.5% |
| Suppliers | 440/4 | €994 | €1,347 | +€353 | +35.5% |
| Taxes, remuneration and social security | 45 | €3,085 | €4,216 | +€1,131 | +36.7% |
| Taxes | 450/3 | €3,085 | €4,216 | +€1,131 | +36.7% |
| Other amounts payable | 47/48 | €30,622 | €22,703 | -€7,919 | -25.9% |
| Accrued charges and deferred income | 492/3 | €239,153 | €189,839 | -€49,314 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,467 | €95,701 | +€24,234 | +33.9% |
| Other operating charges | 640/8 | €1,440 | €4,873 | +€3,433 | +238% |
| Non-recurring operating charges | 66A | - | €393 | +€393 | |
| Gross operating margin | 9900 | €6,051 | €52,096 | +€46,045 | +761% |
| Operating profit (loss) | 9901 | -€66,855 | -€48,871 | +€17,985 | +26.9% |
| Financial income | 75/76B | €22,830 | €29,320 | +€6,490 | +28.4% |
| Recurring financial income | 75 | €22,830 | €29,320 | +€6,490 | +28.4% |
| Financial charges | 65/66B | €1,995 | €2,568 | +€573 | +28.7% |
| Recurring financial charges | 65 | €1,995 | €2,568 | +€573 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€46,020 | -€22,119 | +€23,902 | +51.9% |
| Transfer from deferred taxes | 780 | €7,607 | €9,773 | +€2,167 | +28.5% |
| Income taxes | 67/77 | €760 | €825 | +€66 | +8.7% |
| Profit (loss) for the period | 9904 | -€39,173 | -€13,171 | +€26,003 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,173 | -€13,171 | +€26,003 | +66.4% |
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 16 October 2026 via checked.be.