MATECHI: 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.
MATECHI
Largest movements
- Cash -€36,962
down €36,962 (-81.5%), from €45,358 to €8,396
mainly Net result for the year (-€33,438) and Receivables within one year (-€27,348)
- Receivables within one year +€27,348
up €27,348 (+51.4%), from €53,160 to €80,508
of which Trade receivables: +€27,073
- Deferred charges and accrued income +€9,099
up €9,099 (+145.2%), from €6,267 to €15,365
- Tangible fixed assets +€7,737
up €7,737 (+29.8%), from €26,001 to €33,738
of which Furniture and vehicles: +€5,857
- Profit (loss) carried forward -€35,823
down €35,823 (-56.2%), from €63,768 to €27,945
- Other debts +€15,196
up €15,196 (+1149.9%), from €1,322 to €16,518
- Tax, wage and social debts +€10,984
up €10,984 (+64.9%), from €16,924 to €27,908
of which Remuneration and social security: +€10,802
- Trade debts +€7,747
up €7,747 (+56.1%), from €13,812 to €21,559
- Debts after one year +€6,111
new in 2025: €6,111
- Staff costs +€47,152
up €47,152 (+41.9%), from €112,658 to €159,810
- Gross operating margin -€27,234
down €27,234 (-14.9%), from €183,316 to €156,081
- Taxes -€20,439
down €20,439 (-96.9%), from €21,091 to €652
- Other operating charges +€6,822
up €6,822 (+278.3%), from €2,451 to €9,273
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 | €130,785 | €138,007 | +€7,223 | +5.5% |
| Fixed assets | 21/28 | €26,001 | €33,738 | +€7,737 | +29.8% |
| Tangible fixed assets | 22/27 | €26,001 | €33,738 | +€7,737 | +29.8% |
| Plant, machinery and equipment | 23 | €333 | €2,214 | +€1,881 | +564.8% |
| Furniture and vehicles | 24 | €25,668 | €31,524 | +€5,857 | +22.8% |
| Current assets | 29/58 | €104,784 | €104,270 | -€515 | -0.5% |
| Amounts receivable within one year | 40/41 | €53,160 | €80,508 | +€27,348 | +51.4% |
| Trade receivables | 40 | €34,023 | €61,096 | +€27,073 | +79.6% |
| Other amounts receivable | 41 | €19,137 | €19,412 | +€275 | +1.4% |
| Cash at bank and in hand | 54/58 | €45,358 | €8,396 | -€36,962 | -81.5% |
| Deferred charges and accrued income | 490/1 | €6,267 | €15,365 | +€9,099 | +145.2% |
| Total equity and liabilities | 10/49 | €130,785 | €138,007 | +€7,223 | +5.5% |
| Equity | 10/15 | €98,727 | €62,904 | -€35,823 | -36.3% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €24,760 | €24,760 | = | 0.0% |
| Distributable reserves | 133 | €24,760 | €24,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,768 | €27,945 | -€35,823 | -56.2% |
| Amounts payable | 17/49 | €32,057 | €75,103 | +€43,046 | +134.3% |
| Amounts payable after more than one year | 17 | - | €6,111 | +€6,111 | |
| Financial debts | 170/4 | - | €6,111 | +€6,111 | |
| Amounts payable within one year | 42/48 | €32,057 | €68,992 | +€36,935 | +115.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,008 | +€3,008 | |
| Trade debts | 44 | €13,812 | €21,559 | +€7,747 | +56.1% |
| Suppliers | 440/4 | €13,812 | €21,559 | +€7,747 | +56.1% |
| Taxes, remuneration and social security | 45 | €16,924 | €27,908 | +€10,984 | +64.9% |
| Taxes | 450/3 | €8,027 | €8,209 | +€182 | +2.3% |
| Remuneration and social security | 454/9 | €8,897 | €19,699 | +€10,802 | +121.4% |
| Other amounts payable | 47/48 | €1,322 | €16,518 | +€15,196 | +1149.9% |
| Non-recurring operating income | 76A | €4,113 | - | -€4,113 | |
| Remuneration, social security and pensions | 62 | €112,658 | €159,810 | +€47,152 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,085 | €10,445 | +€1,360 | +15.0% |
| Other operating charges | 640/8 | €2,451 | €9,273 | +€6,822 | +278.3% |
| Non-recurring operating charges | 66A | €3,079 | €279 | -€2,801 | -91.0% |
| Gross operating margin | 9900 | €183,316 | €156,081 | -€27,234 | -14.9% |
| Operating profit (loss) | 9901 | €56,042 | -€23,725 | -€79,767 | |
| Financial income | 75/76B | €444 | €570 | +€126 | +28.5% |
| Recurring financial income | 75 | €444 | €570 | +€126 | +28.5% |
| Financial charges | 65/66B | €10,636 | €9,632 | -€1,004 | -9.4% |
| Recurring financial charges | 65 | €10,636 | €9,632 | -€1,004 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €45,850 | -€32,787 | -€78,637 | |
| Income taxes | 67/77 | €21,091 | €652 | -€20,439 | -96.9% |
| Profit (loss) for the period | 9904 | €24,760 | -€33,438 | -€58,198 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,760 | -€33,438 | -€58,198 |
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.