Maten: 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.
Maten
Largest movements
- Tangible fixed assets +€55,568
up €55,568 (+191%), from €29,107 to €84,675
of which Furniture and vehicles: +€56,058
- Receivables within one year +€35,637
new in 2025: €35,637
of which Trade receivables: +€18,465
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€12,813
up €12,813 (+210%), from €6,092 to €18,904
mainly Other debts (+€78,342) and Current investments (+€25,000)
- Deferred charges and accrued income -€2,500
no longer reported in 2025 (was €2,500)
- Other debts +€78,342
up €78,342 (+271%), from €28,859 to €107,201
- Tax, wage and social debts -€3,974
down €3,974 (-65.4%), from €6,074 to €2,100
- Profit (loss) carried forward +€1,441
up €1,441 (+6.2%), from €23,246 to €24,687
- Gross operating margin -€30,251
down €30,251 (-60.0%), from €50,436 to €20,186
- Financial charges -€7,034
down €7,034 (-74.9%), from €9,394 to €2,359
of which Non-recurring financial charges: -€7,890
- Depreciation +€5,578
up €5,578 (+76.7%), from €7,274 to €12,852
- Taxes -€5,116
down €5,116 (-65.6%), from €7,800 to €2,684
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 | €62,699 | €139,216 | +€76,517 | +122% |
| Fixed assets | 21/28 | €29,107 | €84,675 | +€55,568 | +191% |
| Tangible fixed assets | 22/27 | €29,107 | €84,675 | +€55,568 | +191% |
| Plant, machinery and equipment | 23 | €1,031 | €540 | -€491 | -47.6% |
| Furniture and vehicles | 24 | €28,077 | €84,135 | +€56,058 | +200% |
| Current assets | 29/58 | €33,592 | €54,541 | +€20,950 | +62.4% |
| Amounts receivable within one year | 40/41 | - | €35,637 | +€35,637 | |
| Trade receivables | 40 | - | €18,465 | +€18,465 | |
| Other amounts receivable | 41 | - | €17,172 | +€17,172 | |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €6,092 | €18,904 | +€12,813 | +210% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €62,699 | €139,216 | +€76,517 | +122% |
| Equity | 10/15 | €23,366 | €24,807 | +€1,441 | +6.2% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,246 | €24,687 | +€1,441 | +6.2% |
| Amounts payable | 17/49 | €39,333 | €114,410 | +€75,076 | +191% |
| Amounts payable within one year | 42/48 | €39,333 | €113,985 | +€74,651 | +190% |
| Trade debts | 44 | €4,401 | €4,684 | +€283 | +6.4% |
| Suppliers | 440/4 | €4,401 | €4,684 | +€283 | +6.4% |
| Taxes, remuneration and social security | 45 | €6,074 | €2,100 | -€3,974 | -65.4% |
| Taxes | 450/3 | €6,074 | €2,100 | -€3,974 | -65.4% |
| Other amounts payable | 47/48 | €28,859 | €107,201 | +€78,342 | +271% |
| Accrued charges and deferred income | 492/3 | - | €425 | +€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,274 | €12,852 | +€5,578 | +76.7% |
| Other operating charges | 640/8 | €1,013 | €989 | -€24 | -2.4% |
| Gross operating margin | 9900 | €50,436 | €20,186 | -€30,251 | -60.0% |
| Operating profit (loss) | 9901 | €42,149 | €6,344 | -€35,805 | -84.9% |
| Financial income | 75/76B | €8 | €140 | +€132 | +1,646% |
| Recurring financial income | 75 | €8 | €140 | +€132 | +1,646% |
| Financial charges | 65/66B | €9,394 | €2,359 | -€7,034 | -74.9% |
| Recurring financial charges | 65 | €1,504 | €2,359 | +€856 | +56.9% |
| Non-recurring financial charges | 66B | €7,890 | - | -€7,890 | |
| Profit (loss) for the period before taxes | 9903 | €32,764 | €4,125 | -€28,639 | -87.4% |
| Income taxes | 67/77 | €7,800 | €2,684 | -€5,116 | -65.6% |
| Profit (loss) for the period | 9904 | €24,964 | €1,441 | -€23,523 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,964 | €1,441 | -€23,523 | -94.2% |
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 28 October 2026 via checked.be.