Matcoo: 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.
Matcoo
Largest movements
- Receivables within one year -€41,166
down €41,166 (-18.8%), from €218,541 to €177,375
of which Trade receivables: -€74,823
- Tangible fixed assets -€34,524
down €34,524 (-5.5%), from €624,838 to €590,314
of which Land and buildings: -€41,390
- Cash +€10,964
up €10,964 (+206%), from €5,333 to €16,297
mainly Other debts (+€92,612) and Depreciation (+€48,368)
- Deferred charges and accrued income +€9,681
up €9,681 (+229%), from €4,224 to €13,905
- Other debts +€92,612
up €92,612 (+142%), from €65,302 to €157,914
- Trade debts -€82,488
down €82,488 (-66.9%), from €123,265 to €40,777
- Debts after one year -€56,105
down €56,105 (-11.3%), from €497,544 to €441,439
- Reserves -€36,751
down €36,751 (-60.3%), from €60,903 to €24,153
- Tax, wage and social debts +€31,244
up €31,244 (+98.9%), from €31,584 to €62,829
of which Taxes: +€20,709
- Gross operating margin +€75,654
up €75,654 (+51.5%), from €146,934 to €222,588
- Staff costs +€34,510
up €34,510 (+50.9%), from €67,800 to €102,309
- Taxes +€10,556
up €10,556 (+215%), from €4,914 to €15,469
- Depreciation +€4,117
up €4,117 (+9.3%), from €44,251 to €48,368
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 | €855,498 | €804,322 | -€51,176 | -6.0% |
| Fixed assets | 21/28 | €627,400 | €596,746 | -€30,655 | -4.9% |
| Intangible fixed assets | 21 | €2,562 | €6,432 | +€3,869 | +151% |
| Tangible fixed assets | 22/27 | €624,838 | €590,314 | -€34,524 | -5.5% |
| Land and buildings | 22 | €614,711 | €573,321 | -€41,390 | -6.7% |
| Plant, machinery and equipment | 23 | €5,269 | €8,194 | +€2,924 | +55.5% |
| Furniture and vehicles | 24 | €4,857 | €8,799 | +€3,941 | +81.1% |
| Current assets | 29/58 | €228,098 | €207,577 | -€20,521 | -9.0% |
| Amounts receivable within one year | 40/41 | €218,541 | €177,375 | -€41,166 | -18.8% |
| Trade receivables | 40 | €79,323 | €4,501 | -€74,823 | -94.3% |
| Other amounts receivable | 41 | €139,218 | €172,875 | +€33,657 | +24.2% |
| Cash at bank and in hand | 54/58 | €5,333 | €16,297 | +€10,964 | +206% |
| Deferred charges and accrued income | 490/1 | €4,224 | €13,905 | +€9,681 | +229% |
| Total equity and liabilities | 10/49 | €855,498 | €804,322 | -€51,176 | -6.0% |
| Equity | 10/15 | €79,503 | €42,753 | -€36,751 | -46.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,903 | €24,153 | -€36,751 | -60.3% |
| Distributable reserves | 133 | €60,903 | €24,153 | -€36,751 | -60.3% |
| Amounts payable | 17/49 | €775,995 | €761,569 | -€14,426 | -1.9% |
| Amounts payable after more than one year | 17 | €497,544 | €441,439 | -€56,105 | -11.3% |
| Financial debts | 170/4 | €497,544 | €441,439 | -€56,105 | -11.3% |
| Amounts payable within one year | 42/48 | €275,959 | €317,624 | +€41,665 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €55,808 | €56,105 | +€297 | +0.5% |
| Trade debts | 44 | €123,265 | €40,777 | -€82,488 | -66.9% |
| Suppliers | 440/4 | €123,265 | €40,777 | -€82,488 | -66.9% |
| Taxes, remuneration and social security | 45 | €31,584 | €62,829 | +€31,244 | +98.9% |
| Taxes | 450/3 | €23,108 | €43,816 | +€20,709 | +89.6% |
| Remuneration and social security | 454/9 | €8,476 | €19,012 | +€10,536 | +124% |
| Other amounts payable | 47/48 | €65,302 | €157,914 | +€92,612 | +142% |
| Accrued charges and deferred income | 492/3 | €2,492 | €2,506 | +€14 | +0.6% |
| Non-recurring operating income | 76A | - | €6,444 | +€6,444 | |
| Remuneration, social security and pensions | 62 | €67,800 | €102,309 | +€34,510 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,251 | €48,368 | +€4,117 | +9.3% |
| Other operating charges | 640/8 | €1,088 | €968 | -€120 | -11.0% |
| Gross operating margin | 9900 | €146,934 | €222,588 | +€75,654 | +51.5% |
| Operating profit (loss) | 9901 | €33,796 | €70,943 | +€37,147 | +110% |
| Financial income | 75/76B | €6,767 | €8,695 | +€1,928 | +28.5% |
| Recurring financial income | 75 | €6,767 | €8,695 | +€1,928 | +28.5% |
| Financial charges | 65/66B | €15,707 | €17,757 | +€2,050 | +13.0% |
| Recurring financial charges | 65 | €15,707 | €17,757 | +€2,050 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €24,855 | €61,881 | +€37,026 | +149% |
| Income taxes | 67/77 | €4,914 | €15,469 | +€10,556 | +215% |
| Profit (loss) for the period | 9904 | €19,942 | €46,412 | +€26,470 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €19,942 | €46,412 | +€26,470 | +133% |
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 13 October 2026 via checked.be.