MATCON: 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.
MATCON
Largest movements
- Current investments -€60,700
down €60,700 (-100.0%), from €60,700 to €0
- Receivables within one year +€6,443
up €6,443 (+16.3%), from €39,577 to €46,020
- Tangible fixed assets +€6,033
up €6,033 (+9.6%), from €63,033 to €69,066
of which Furniture and vehicles: +€6,033
- Cash -€3,771
down €3,771 (-6.5%), from €58,393 to €54,622
mainly Other debts (-€127,173) and Investment in fixed assets (net) (-€6,865)
- Other debts -€127,173
down €127,173 (-83.0%), from €153,256 to €26,084
- Reserves +€71,720
up €71,720 (+134.7%), from €53,227 to €124,947
- Financial income +€10,648
up €10,648 (+359.6%), from €2,961 to €13,608
- Financial charges -€6,865
down €6,865 (-94.8%), from €7,240 to €375
- Gross operating margin +€2,573
up €2,573 (+3.3%), from €76,845 to €79,418
- Depreciation +€832
new in 2025: €832
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 | €223,717 | €169,708 | -€54,009 | -24.1% |
| Fixed assets | 21/28 | €63,033 | €69,066 | +€6,033 | +9.6% |
| Tangible fixed assets | 22/27 | €63,033 | €69,066 | +€6,033 | +9.6% |
| Furniture and vehicles | 24 | - | €6,033 | +€6,033 | |
| Other tangible fixed assets | 26 | €63,033 | €63,033 | = | 0.0% |
| Current assets | 29/58 | €160,684 | €100,642 | -€60,042 | -37.4% |
| Amounts receivable within one year | 40/41 | €39,577 | €46,020 | +€6,443 | +16.3% |
| Trade receivables | 40 | €39,577 | €46,020 | +€6,443 | +16.3% |
| Current investments | 50/53 | €60,700 | €0 | -€60,700 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,393 | €54,622 | -€3,771 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,015 | €0 | -€2,015 | -100.0% |
| Total equity and liabilities | 10/49 | €223,717 | €169,708 | -€54,009 | -24.1% |
| Equity | 10/15 | €58,227 | €129,947 | +€71,720 | +123.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,227 | €124,947 | +€71,720 | +134.7% |
| Distributable reserves | 133 | €53,227 | €124,947 | +€71,720 | +134.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €165,490 | €39,761 | -€125,729 | -76.0% |
| Amounts payable within one year | 42/48 | €165,490 | €39,761 | -€125,729 | -76.0% |
| Trade debts | 44 | €495 | €1,345 | +€851 | +172.0% |
| Suppliers | 440/4 | €495 | €1,345 | +€851 | +172.0% |
| Taxes, remuneration and social security | 45 | €11,739 | €12,332 | +€593 | +5.1% |
| Taxes | 450/3 | €9,444 | €12,332 | +€2,889 | +30.6% |
| Remuneration and social security | 454/9 | €2,296 | €0 | -€2,296 | -100.0% |
| Other amounts payable | 47/48 | €153,256 | €26,084 | -€127,173 | -83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €832 | +€832 | |
| Other operating charges | 640/8 | €1,052 | €1,423 | +€371 | +35.2% |
| Gross operating margin | 9900 | €76,845 | €79,418 | +€2,573 | +3.3% |
| Operating profit (loss) | 9901 | €75,793 | €77,163 | +€1,370 | +1.8% |
| Financial income | 75/76B | €2,961 | €13,608 | +€10,648 | +359.6% |
| Recurring financial income | 75 | €2,961 | €13,608 | +€10,648 | +359.6% |
| Financial charges | 65/66B | €7,240 | €375 | -€6,865 | -94.8% |
| Recurring financial charges | 65 | €7,240 | €375 | -€6,865 | -94.8% |
| Profit (loss) for the period before taxes | 9903 | €71,514 | €90,397 | +€18,883 | +26.4% |
| Income taxes | 67/77 | €18,287 | €18,677 | +€390 | +2.1% |
| Profit (loss) for the period | 9904 | €53,227 | €71,720 | +€18,492 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,227 | €71,720 | +€18,492 | +34.7% |
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 6 October 2026 via checked.be.