MATEMAR: 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.
MATEMAR
Largest movements
- Deferred charges and accrued income +€18,128
new in 2025: €18,128
- Cash -€17,862
down €17,862 (-98.5%), from €18,128 to €266
mainly Debts after one year (-€18,272) and Deferred charges and accrued income (-€18,128)
- Tangible fixed assets -€7,800
down €7,800 (-3.5%), from €224,200 to €216,400
- Debts after one year -€18,272
down €18,272 (-9.2%), from €198,617 to €180,345
- Profit (loss) carried forward +€6,706
up €6,706 (+25.3%), from -€26,498 to -€19,791
- Trade debts +€3,111
up €3,111 (+58.1%), from €5,353 to €8,464
- Gross operating margin +€5,726
up €5,726 (+23.8%), from €24,077 to €29,804
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 | €242,393 | €234,794 | -€7,599 | -3.1% |
| Fixed assets | 21/28 | €224,200 | €216,400 | -€7,800 | -3.5% |
| Tangible fixed assets | 22/27 | €224,200 | €216,400 | -€7,800 | -3.5% |
| Land and buildings | 22 | €224,200 | €216,400 | -€7,800 | -3.5% |
| Current assets | 29/58 | €18,193 | €18,394 | +€201 | +1.1% |
| Current investments | 50/53 | €65 | - | -€65 | |
| Cash at bank and in hand | 54/58 | €18,128 | €266 | -€17,862 | -98.5% |
| Deferred charges and accrued income | 490/1 | - | €18,128 | +€18,128 | |
| Total equity and liabilities | 10/49 | €242,393 | €234,794 | -€7,599 | -3.1% |
| Equity | 10/15 | -€20,298 | -€13,591 | +€6,706 | +33.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,498 | -€19,791 | +€6,706 | +25.3% |
| Amounts payable | 17/49 | €262,691 | €248,385 | -€14,306 | -5.4% |
| Amounts payable after more than one year | 17 | €198,617 | €180,345 | -€18,272 | -9.2% |
| Financial debts | 170/4 | €198,617 | €180,345 | -€18,272 | -9.2% |
| Amounts payable within one year | 42/48 | €64,074 | €68,041 | +€3,966 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €16,992 | €17,867 | +€875 | +5.2% |
| Trade debts | 44 | €5,353 | €8,464 | +€3,111 | +58.1% |
| Suppliers | 440/4 | €5,353 | €8,464 | +€3,111 | +58.1% |
| Other amounts payable | 47/48 | €41,730 | €41,710 | -€20 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,800 | €7,800 | = | 0.0% |
| Other operating charges | 640/8 | €3,287 | €3,437 | +€150 | +4.6% |
| Gross operating margin | 9900 | €24,077 | €29,804 | +€5,726 | +23.8% |
| Operating profit (loss) | 9901 | €12,990 | €18,567 | +€5,577 | +42.9% |
| Financial charges | 65/66B | €12,055 | €11,861 | -€195 | -1.6% |
| Recurring financial charges | 65 | €12,055 | €11,861 | -€195 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €935 | €6,706 | +€5,771 | +617.4% |
| Profit (loss) for the period | 9904 | €935 | €6,706 | +€5,771 | +617.4% |
| Profit (loss) for the period to be appropriated | 9905 | €935 | €6,706 | +€5,771 | +617.4% |
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 5 October 2026 via checked.be.