MATEJ: 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.
MATEJ
Largest movements
- Receivables within one year +€32,329
up €32,329 (+41.9%), from €77,186 to €109,515
of which Trade receivables: +€47,290
- Tangible fixed assets -€22,398
down €22,398 (-6.9%), from €325,786 to €303,388
of which Land and buildings: -€18,463
- Cash +€9,148
up €9,148 (+5.0%), from €184,124 to €193,272
mainly Other debts (+€38,728) and Depreciation (+€24,492)
- Other debts +€38,728
new in 2025: €38,728
- Reserves +€20,592
up €20,592 (+12.0%), from €171,553 to €192,145
- Tax, wage and social debts -€20,530
down €20,530 (-40.0%), from €51,324 to €30,794
of which Taxes: -€20,794
- Debts after one year -€16,974
down €16,974 (-5.7%), from €296,957 to €279,983
- Financial charges +€30,528
up €30,528 (+83.7%), from €36,485 to €67,014
- Taxes -€10,871
down €10,871 (-49.2%), from €22,106 to €11,235
- Staff costs +€8,855
up €8,855 (+15.9%), from €55,736 to €64,591
- Gross operating margin +€3,665
up €3,665 (+1.9%), from €188,658 to €192,323
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 | €591,295 | €608,874 | +€17,579 | +3.0% |
| Fixed assets | 21/28 | €329,986 | €306,088 | -€23,898 | -7.2% |
| Tangible fixed assets | 22/27 | €325,786 | €303,388 | -€22,398 | -6.9% |
| Land and buildings | 22 | €304,462 | €285,999 | -€18,463 | -6.1% |
| Plant, machinery and equipment | 23 | €17,880 | €14,571 | -€3,309 | -18.5% |
| Furniture and vehicles | 24 | €2,529 | €2,069 | -€461 | -18.2% |
| Other tangible fixed assets | 26 | €914 | €749 | -€166 | -18.1% |
| Financial fixed assets | 28 | €4,200 | €2,700 | -€1,500 | -35.7% |
| Current assets | 29/58 | €261,310 | €302,786 | +€41,477 | +15.9% |
| Amounts receivable within one year | 40/41 | €77,186 | €109,515 | +€32,329 | +41.9% |
| Trade receivables | 40 | €48,381 | €95,671 | +€47,290 | +97.7% |
| Other amounts receivable | 41 | €28,805 | €13,844 | -€14,962 | -51.9% |
| Cash at bank and in hand | 54/58 | €184,124 | €193,272 | +€9,148 | +5.0% |
| Total equity and liabilities | 10/49 | €591,295 | €608,874 | +€17,579 | +3.0% |
| Equity | 10/15 | €213,563 | €234,155 | +€20,592 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,553 | €192,145 | +€20,592 | +12.0% |
| Distributable reserves | 133 | €171,553 | €192,145 | +€20,592 | +12.0% |
| Profit (loss) carried forward | 14 | €35,810 | €35,810 | = | 0.0% |
| Amounts payable | 17/49 | €377,732 | €374,719 | -€3,013 | -0.8% |
| Amounts payable after more than one year | 17 | €296,957 | €279,983 | -€16,974 | -5.7% |
| Financial debts | 170/4 | €296,957 | €279,983 | -€16,974 | -5.7% |
| Amounts payable within one year | 42/48 | €80,776 | €94,736 | +€13,961 | +17.3% |
| Current portion of amounts payable after more than one year | 42 | €16,699 | €16,974 | +€275 | +1.6% |
| Trade debts | 44 | €12,753 | €8,240 | -€4,512 | -35.4% |
| Suppliers | 440/4 | €12,753 | €8,240 | -€4,512 | -35.4% |
| Taxes, remuneration and social security | 45 | €51,324 | €30,794 | -€20,530 | -40.0% |
| Taxes | 450/3 | €43,938 | €23,144 | -€20,794 | -47.3% |
| Remuneration and social security | 454/9 | €7,386 | €7,650 | +€264 | +3.6% |
| Other amounts payable | 47/48 | - | €38,728 | +€38,728 | |
| Remuneration, social security and pensions | 62 | €55,736 | €64,591 | +€8,855 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,055 | €24,492 | +€437 | +1.8% |
| Other operating charges | 640/8 | €4,182 | €4,418 | +€235 | +5.6% |
| Gross operating margin | 9900 | €188,658 | €192,323 | +€3,665 | +1.9% |
| Operating profit (loss) | 9901 | €104,684 | €98,822 | -€5,862 | -5.6% |
| Financial income | 75/76B | €311 | €19 | -€292 | -93.9% |
| Recurring financial income | 75 | €311 | €19 | -€292 | -93.9% |
| Financial charges | 65/66B | €36,485 | €67,014 | +€30,528 | +83.7% |
| Recurring financial charges | 65 | €36,485 | €67,014 | +€30,528 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €68,510 | €31,827 | -€36,683 | -53.5% |
| Income taxes | 67/77 | €22,106 | €11,235 | -€10,871 | -49.2% |
| Profit (loss) for the period | 9904 | €46,404 | €20,592 | -€25,812 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,404 | €20,592 | -€25,812 | -55.6% |
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 3 October 2026 via checked.be.