Mate: 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.
Mate
Largest movements
- Tangible fixed assets -€5,316
down €5,316 (-46.0%), from €11,556 to €6,240
of which Furniture and vehicles: -€4,357
- Cash -€5,091
down €5,091 (-14.4%), from €35,276 to €30,185
mainly Other debts (-€32,715) and Receivables within one year (-€1,925)
- Receivables within one year +€1,925
up €1,925 (+4.5%), from €43,174 to €45,100
of which Other amounts receivable: +€27,061
- Deferred charges and accrued income +€1,627
up €1,627 (+462%), from €352 to €1,979
- Other debts -€32,715
down €32,715 (-100%), from €32,715 to €0
- Reserves +€24,831
up €24,831 (+57.2%), from €43,394 to €68,226
of which Distributable reserves: +€24,831
- Tax, wage and social debts +€1,161
up €1,161 (+22.3%), from €5,210 to €6,371
of which Taxes: +€4,661
- Gross operating margin -€8,192
down €8,192 (-14.1%), from €58,233 to €50,041
- Taxes +€2,735
up €2,735 (+20.1%), from €13,636 to €16,371
- Financial charges +€1,570
up €1,570 (+490%), from €321 to €1,891
- Depreciation +€777
up €777 (+17.3%), from €4,482 to €5,258
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 | €90,358 | €83,504 | -€6,854 | -7.6% |
| Fixed assets | 21/28 | €11,556 | €6,240 | -€5,316 | -46.0% |
| Tangible fixed assets | 22/27 | €11,556 | €6,240 | -€5,316 | -46.0% |
| Land and buildings | 22 | €959 | €0 | -€959 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,597 | €6,240 | -€4,357 | -41.1% |
| Current assets | 29/58 | €78,802 | €77,264 | -€1,538 | -2.0% |
| Amounts receivable within one year | 40/41 | €43,174 | €45,100 | +€1,925 | +4.5% |
| Trade receivables | 40 | €34,211 | €9,075 | -€25,136 | -73.5% |
| Other amounts receivable | 41 | €8,964 | €36,025 | +€27,061 | +302% |
| Cash at bank and in hand | 54/58 | €35,276 | €30,185 | -€5,091 | -14.4% |
| Deferred charges and accrued income | 490/1 | €352 | €1,979 | +€1,627 | +462% |
| Total equity and liabilities | 10/49 | €90,358 | €83,504 | -€6,854 | -7.6% |
| Equity | 10/15 | €51,594 | €76,426 | +€24,831 | +48.1% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €43,394 | €68,226 | +€24,831 | +57.2% |
| Tax-exempt reserves | 132 | €25,465 | €25,465 | = | 0.0% |
| Distributable reserves | 133 | €17,930 | €42,761 | +€24,831 | +138% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,763 | €7,078 | -€31,685 | -81.7% |
| Amounts payable within one year | 42/48 | €38,763 | €7,078 | -€31,685 | -81.7% |
| Trade debts | 44 | €839 | €707 | -€132 | -15.7% |
| Suppliers | 440/4 | €839 | €707 | -€132 | -15.7% |
| Taxes, remuneration and social security | 45 | €5,210 | €6,371 | +€1,161 | +22.3% |
| Taxes | 450/3 | €1,710 | €6,371 | +€4,661 | +273% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Other amounts payable | 47/48 | €32,715 | €0 | -€32,715 | -100% |
| Non-recurring operating income | 76A | - | €7,500 | +€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,482 | €5,258 | +€777 | +17.3% |
| Other operating charges | 640/8 | €906 | €818 | -€88 | -9.7% |
| Non-recurring operating charges | 66A | - | €884 | +€884 | |
| Gross operating margin | 9900 | €58,233 | €50,041 | -€8,192 | -14.1% |
| Operating profit (loss) | 9901 | €52,846 | €43,081 | -€9,765 | -18.5% |
| Financial income | 75/76B | €0 | €13 | +€12 | +124,900% |
| Recurring financial income | 75 | €0 | €13 | +€12 | +124,900% |
| Financial charges | 65/66B | €321 | €1,891 | +€1,570 | +490% |
| Recurring financial charges | 65 | €321 | €1,891 | +€1,570 | +490% |
| Profit (loss) for the period before taxes | 9903 | €52,525 | €41,203 | -€11,323 | -21.6% |
| Income taxes | 67/77 | €13,636 | €16,371 | +€2,735 | +20.1% |
| Profit (loss) for the period | 9904 | €38,889 | €24,831 | -€14,058 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,889 | €24,831 | -€14,058 | -36.1% |
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 26 October 2026 via checked.be.