MATCOOL: 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.
MATCOOL
Largest movements
- Cash +€156,798
up €156,798 (+18.9%), from €829,393 to €986,191
mainly Net result for the year (+€292,425) and Trade debts (+€94,315)
- Receivables within one year -€68,800
down €68,800 (-32.4%), from €212,343 to €143,543
of which Trade receivables: -€68,812
- Stocks and contracts -€35,551
down €35,551 (-69.9%), from €50,891 to €15,340
- Reserves -€113,296
down €113,296 (-9.2%), from €1.2m to €1.1m
of which Distributable reserves: -€113,296
- Trade debts +€94,315
up €94,315 (+162.5%), from €58,023 to €152,338
- Other debts +€30,000
up €30,000 (+26.1%), from €115,000 to €145,000
- Accrued charges and deferred income +€24,249
new in 2025: €24,249
- Gross operating margin -€27,211
down €27,211 (-6.7%), from €404,454 to €377,243
- Taxes -€17,652
down €17,652 (-20.2%), from €87,463 to €69,812
- Financial income +€16,964
up €16,964 (+112.3%), from €15,110 to €32,074
- Financial charges +€6,967
up €6,967 (+135.8%), from €5,132 to €12,099
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 | €1,467,883 | €1,522,895 | +€55,011 | +3.7% |
| Fixed assets | 21/28 | €2,569 | €5,118 | +€2,549 | +99.2% |
| Tangible fixed assets | 22/27 | €2,319 | €4,868 | +€2,549 | +109.9% |
| Plant, machinery and equipment | 23 | €1,488 | €1,123 | -€366 | -24.6% |
| Furniture and vehicles | 24 | €831 | €3,745 | +€2,915 | +350.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,465,314 | €1,517,777 | +€52,462 | +3.6% |
| Stocks and contracts in progress | 3 | €50,891 | €15,340 | -€35,551 | -69.9% |
| Stocks | 30/36 | €50,891 | €15,340 | -€35,551 | -69.9% |
| Amounts receivable within one year | 40/41 | €212,343 | €143,543 | -€68,800 | -32.4% |
| Trade receivables | 40 | €212,343 | €143,531 | -€68,812 | -32.4% |
| Other amounts receivable | 41 | €0 | €12 | +€12 | |
| Current investments | 50/53 | €372,035 | €372,035 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €829,393 | €986,191 | +€156,798 | +18.9% |
| Deferred charges and accrued income | 490/1 | €653 | €667 | +€14 | +2.2% |
| Total equity and liabilities | 10/49 | €1,467,883 | €1,522,895 | +€55,011 | +3.7% |
| Equity | 10/15 | €1,291,002 | €1,177,706 | -€113,296 | -8.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,229,002 | €1,115,706 | -€113,296 | -9.2% |
| Tax-exempt reserves | 132 | €48,707 | €48,707 | = | 0.0% |
| Distributable reserves | 133 | €1,180,295 | €1,066,999 | -€113,296 | -9.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €176,882 | €345,189 | +€168,307 | +95.2% |
| Amounts payable within one year | 42/48 | €176,882 | €320,940 | +€144,058 | +81.4% |
| Trade debts | 44 | €58,023 | €152,338 | +€94,315 | +162.5% |
| Suppliers | 440/4 | €58,023 | €152,338 | +€94,315 | +162.5% |
| Advances received on contracts in progress | 46 | - | €9,417 | +€9,417 | |
| Taxes, remuneration and social security | 45 | €3,859 | €14,184 | +€10,325 | +267.6% |
| Taxes | 450/3 | €3,859 | €8,060 | +€4,201 | +108.9% |
| Remuneration and social security | 454/9 | €0 | €6,124 | +€6,124 | |
| Other amounts payable | 47/48 | €115,000 | €145,000 | +€30,000 | +26.1% |
| Accrued charges and deferred income | 492/3 | - | €24,249 | +€24,249 | |
| Remuneration, social security and pensions | 62 | €27,067 | €25,533 | -€1,534 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011 | €1,336 | +€325 | +32.1% |
| Other operating charges | 640/8 | €1,273 | €1,600 | +€327 | +25.7% |
| Non-recurring operating charges | 66A | - | €6,514 | +€6,514 | |
| Gross operating margin | 9900 | €404,454 | €377,243 | -€27,211 | -6.7% |
| Operating profit (loss) | 9901 | €375,104 | €342,262 | -€32,842 | -8.8% |
| Financial income | 75/76B | €15,110 | €32,074 | +€16,964 | +112.3% |
| Recurring financial income | 75 | €15,110 | €32,074 | +€16,964 | +112.3% |
| Financial charges | 65/66B | €5,132 | €12,099 | +€6,967 | +135.8% |
| Recurring financial charges | 65 | €5,132 | €12,099 | +€6,967 | +135.8% |
| Profit (loss) for the period before taxes | 9903 | €385,082 | €362,237 | -€22,845 | -5.9% |
| Income taxes | 67/77 | €87,463 | €69,812 | -€17,652 | -20.2% |
| Profit (loss) for the period | 9904 | €297,618 | €292,425 | -€5,194 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €297,618 | €292,425 | -€5,194 | -1.7% |
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 30 September 2026 via checked.be.