Matei: 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.
Matei
Largest movements
- Receivables within one year +€89,389
up €89,389 (+123%), from €72,861 to €162,250
of which Other amounts receivable: +€105,079
- Tangible fixed assets -€7,746
down €7,746 (-37.9%), from €20,453 to €12,707
of which Furniture and vehicles: -€16,589
- Cash -€3,570
down €3,570 (-49.7%), from €7,188 to €3,618
mainly Contributions, distributions and other (-€100,000) and Receivables within one year (-€89,389)
- Other debts +€85,000
new in 2025: €85,000
- Profit (loss) carried forward -€47,240
down €47,240 (-98.5%), from €47,940 to €700
- Tax, wage and social debts +€32,013
up €32,013 (+312%), from €10,275 to €42,288
of which Taxes: +€26,516
- Trade debts +€8,221
up €8,221 (+22.3%), from €36,865 to €45,086
- Gross operating margin +€70,164
up €70,164 (+152%), from €46,282 to €116,446
- Staff costs +€25,493
new in 2025: €25,493
- Taxes +€8,717
up €8,717 (+140%), from €6,224 to €14,941
- Depreciation -€1,632
down €1,632 (-7.2%), from €22,727 to €21,095
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 | €101,665 | €179,659 | +€77,994 | +76.7% |
| Fixed assets | 21/28 | €20,453 | €12,707 | -€7,746 | -37.9% |
| Tangible fixed assets | 22/27 | €20,453 | €12,707 | -€7,746 | -37.9% |
| Plant, machinery and equipment | 23 | €1,948 | €10,791 | +€8,843 | +454% |
| Furniture and vehicles | 24 | €18,505 | €1,916 | -€16,589 | -89.6% |
| Current assets | 29/58 | €81,212 | €166,952 | +€85,740 | +106% |
| Amounts receivable within one year | 40/41 | €72,861 | €162,250 | +€89,389 | +123% |
| Trade receivables | 40 | €26,241 | €10,551 | -€15,690 | -59.8% |
| Other amounts receivable | 41 | €46,620 | €151,699 | +€105,079 | +225% |
| Cash at bank and in hand | 54/58 | €7,188 | €3,618 | -€3,570 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,163 | €1,084 | -€79 | -6.8% |
| Total equity and liabilities | 10/49 | €101,665 | €179,659 | +€77,994 | +76.7% |
| Equity | 10/15 | €52,940 | €5,700 | -€47,240 | -89.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,940 | €700 | -€47,240 | -98.5% |
| Amounts payable | 17/49 | €48,725 | €173,959 | +€125,234 | +257% |
| Amounts payable within one year | 42/48 | €47,140 | €172,374 | +€125,234 | +266% |
| Trade debts | 44 | €36,865 | €45,086 | +€8,221 | +22.3% |
| Suppliers | 440/4 | €36,865 | €45,086 | +€8,221 | +22.3% |
| Taxes, remuneration and social security | 45 | €10,275 | €42,288 | +€32,013 | +312% |
| Taxes | 450/3 | €10,275 | €36,791 | +€26,516 | +258% |
| Remuneration and social security | 454/9 | - | €5,497 | +€5,497 | |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Accrued charges and deferred income | 492/3 | €1,585 | €1,585 | = | 0.0% |
| Non-recurring operating income | 76A | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | - | €25,493 | +€25,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,727 | €21,095 | -€1,632 | -7.2% |
| Other operating charges | 640/8 | €1,535 | €1,144 | -€391 | -25.5% |
| Gross operating margin | 9900 | €46,282 | €116,446 | +€70,164 | +152% |
| Operating profit (loss) | 9901 | €22,020 | €68,714 | +€46,694 | +212% |
| Financial income | 75/76B | €2 | €52 | +€50 | +2,500% |
| Recurring financial income | 75 | €2 | €52 | +€50 | +2,500% |
| Financial charges | 65/66B | €645 | €1,065 | +€420 | +65.1% |
| Recurring financial charges | 65 | €645 | €1,065 | +€420 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €21,377 | €67,701 | +€46,324 | +217% |
| Income taxes | 67/77 | €6,224 | €14,941 | +€8,717 | +140% |
| Profit (loss) for the period | 9904 | €15,153 | €52,760 | +€37,607 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €15,153 | €52,760 | +€37,607 | +248% |
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 21 October 2026 via checked.be.