MATEC: 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.
MATEC
Largest movements
- Tangible fixed assets -€28,545
down €28,545 (-97.5%), from €29,289 to €744
- Receivables within one year +€10,693
up €10,693 (+80.1%), from €13,344 to €24,037
of which Other amounts receivable: +€12,520
- Cash +€5,646
up €5,646 (+230%), from €2,456 to €8,102
mainly Investment in fixed assets (net) (+€28,244) and Net result for the year (+€25,503)
- Debts after one year -€32,356
down €32,356 (-26.4%), from €122,356 to €90,000
of which Financial debts: -€32,356
- Profit (loss) carried forward +€25,503
up €25,503 (+11.0%), from €232,269 to €257,772
- Current portion of long-term debt -€18,608
down €18,608 (-88.0%), from €21,136 to €2,528
- Tax, wage and social debts +€7,519
up €7,519 (+23.2%), from €32,447 to €39,966
- Trade debts +€4,688
up €4,688 (+86.1%), from €5,442 to €10,130
- Depreciation -€8,171
down €8,171 (-96.4%), from €8,472 to €301
- Gross operating margin -€4,707
down €4,707 (-9.2%), from €51,087 to €46,381
- Taxes +€1,098
up €1,098 (+11.2%), from €9,790 to €10,888
- Financial charges -€919
down €919 (-9.6%), from €9,532 to €8,613
- Other operating charges +€589
up €589 (+121%), from €487 to €1,076
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 | €444,450 | €432,023 | -€12,427 | -2.8% |
| Fixed assets | 21/28 | €428,253 | €399,708 | -€28,545 | -6.7% |
| Tangible fixed assets | 22/27 | €29,289 | €744 | -€28,545 | -97.5% |
| Furniture and vehicles | 24 | €29,289 | €744 | -€28,545 | -97.5% |
| Financial fixed assets | 28 | €398,964 | €398,964 | = | 0.0% |
| Current assets | 29/58 | €16,197 | €32,315 | +€16,118 | +99.5% |
| Amounts receivable within one year | 40/41 | €13,344 | €24,037 | +€10,693 | +80.1% |
| Trade receivables | 40 | €1,826 | - | -€1,826 | |
| Other amounts receivable | 41 | €11,517 | €24,037 | +€12,520 | +109% |
| Cash at bank and in hand | 54/58 | €2,456 | €8,102 | +€5,646 | +230% |
| Deferred charges and accrued income | 490/1 | €398 | €176 | -€222 | -55.8% |
| Total equity and liabilities | 10/49 | €444,450 | €432,023 | -€12,427 | -2.8% |
| Equity | 10/15 | €255,004 | €280,507 | +€25,503 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,134 | €4,134 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,274 | €2,274 | = | 0.0% |
| Profit (loss) carried forward | 14 | €232,269 | €257,772 | +€25,503 | +11.0% |
| Amounts payable | 17/49 | €189,446 | €151,516 | -€37,930 | -20.0% |
| Amounts payable after more than one year | 17 | €122,356 | €90,000 | -€32,356 | -26.4% |
| Financial debts | 170/4 | €32,356 | - | -€32,356 | |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,872 | €53,471 | -€6,401 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €21,136 | €2,528 | -€18,608 | -88.0% |
| Trade debts | 44 | €5,442 | €10,130 | +€4,688 | +86.1% |
| Suppliers | 440/4 | €5,442 | €10,130 | +€4,688 | +86.1% |
| Taxes, remuneration and social security | 45 | €32,447 | €39,966 | +€7,519 | +23.2% |
| Taxes | 450/3 | €32,447 | €39,966 | +€7,519 | +23.2% |
| Other amounts payable | 47/48 | €847 | €847 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,218 | €8,045 | +€827 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,472 | €301 | -€8,171 | -96.4% |
| Other operating charges | 640/8 | €487 | €1,076 | +€589 | +121% |
| Gross operating margin | 9900 | €51,087 | €46,381 | -€4,707 | -9.2% |
| Operating profit (loss) | 9901 | €42,129 | €45,004 | +€2,875 | +6.8% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €9,532 | €8,613 | -€919 | -9.6% |
| Recurring financial charges | 65 | €9,532 | €8,613 | -€919 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €32,618 | €36,391 | +€3,772 | +11.6% |
| Income taxes | 67/77 | €9,790 | €10,888 | +€1,098 | +11.2% |
| Profit (loss) for the period | 9904 | €22,828 | €25,503 | +€2,675 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,828 | €25,503 | +€2,675 | +11.7% |
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 15 October 2026 via checked.be.