MATDA: 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.
MATDA
Largest movements
- Tangible fixed assets +€42,369
up €42,369 (+7.1%), from €594,554 to €636,923
of which Furniture and vehicles: +€66,970
- Cash +€28,500
up €28,500 (+42.8%), from €66,644 to €95,144
mainly Depreciation (+€38,887) and Net result for the year (+€31,582)
- Reserves +€31,582
up €31,582 (+77.3%), from €40,863 to €72,445
- Debts after one year +€24,459
up €24,459 (+6.3%), from €388,246 to €412,705
- Current portion of long-term debt +€12,731
up €12,731 (+79.1%), from €16,088 to €28,819
- Trade debts +€12,238
up €12,238 (+1,667%), from €734 to €12,972
- Gross operating margin +€31,101
up €31,101 (+45.5%), from €68,379 to €99,480
- Depreciation +€14,531
up €14,531 (+59.7%), from €24,355 to €38,887
- Financial charges +€3,883
up €3,883 (+26.1%), from €14,891 to €18,774
- Taxes +€3,034
up €3,034 (+47.7%), from €6,355 to €9,389
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 | €669,262 | €745,487 | +€76,224 | +11.4% |
| Fixed assets | 21/28 | €594,554 | €641,923 | +€47,369 | +8.0% |
| Tangible fixed assets | 22/27 | €594,554 | €636,923 | +€42,369 | +7.1% |
| Land and buildings | 22 | €591,139 | €567,456 | -€23,682 | -4.0% |
| Plant, machinery and equipment | 23 | €3,416 | €2,497 | -€919 | -26.9% |
| Furniture and vehicles | 24 | - | €66,970 | +€66,970 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €74,708 | €103,563 | +€28,855 | +38.6% |
| Amounts receivable within one year | 40/41 | €8,065 | €8,420 | +€355 | +4.4% |
| Trade receivables | 40 | €8,065 | €5,067 | -€2,998 | -37.2% |
| Other amounts receivable | 41 | - | €3,353 | +€3,353 | |
| Cash at bank and in hand | 54/58 | €66,644 | €95,144 | +€28,500 | +42.8% |
| Total equity and liabilities | 10/49 | €669,262 | €745,487 | +€76,224 | +11.4% |
| Equity | 10/15 | €42,863 | €74,445 | +€31,582 | +73.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,863 | €72,445 | +€31,582 | +77.3% |
| Distributable reserves | 133 | €40,863 | €72,445 | +€31,582 | +77.3% |
| Amounts payable | 17/49 | €626,400 | €671,042 | +€44,642 | +7.1% |
| Amounts payable after more than one year | 17 | €388,246 | €412,705 | +€24,459 | +6.3% |
| Financial debts | 170/4 | €388,246 | €412,705 | +€24,459 | +6.3% |
| Amounts payable within one year | 42/48 | €238,154 | €258,336 | +€20,182 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €16,088 | €28,819 | +€12,731 | +79.1% |
| Trade debts | 44 | €734 | €12,972 | +€12,238 | +1,667% |
| Suppliers | 440/4 | €734 | €12,972 | +€12,238 | +1,667% |
| Advances received on contracts in progress | 46 | €623 | - | -€623 | |
| Taxes, remuneration and social security | 45 | €19,105 | €12,589 | -€6,516 | -34.1% |
| Taxes | 450/3 | €15,905 | €9,389 | -€6,516 | -41.0% |
| Remuneration and social security | 454/9 | €3,200 | €3,200 | = | 0.0% |
| Other amounts payable | 47/48 | €201,604 | €203,956 | +€2,352 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,355 | €38,887 | +€14,531 | +59.7% |
| Other operating charges | 640/8 | €776 | €848 | +€72 | +9.2% |
| Gross operating margin | 9900 | €68,379 | €99,480 | +€31,101 | +45.5% |
| Operating profit (loss) | 9901 | €43,248 | €59,746 | +€16,498 | +38.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €14,891 | €18,774 | +€3,883 | +26.1% |
| Recurring financial charges | 65 | €14,891 | €18,774 | +€3,883 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €28,356 | €40,971 | +€12,615 | +44.5% |
| Income taxes | 67/77 | €6,355 | €9,389 | +€3,034 | +47.7% |
| Profit (loss) for the period | 9904 | €22,001 | €31,582 | +€9,581 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,001 | €31,582 | +€9,581 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.