MATENSION: 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.
MATENSION
Largest movements
- Receivables within one year -€17,789
down €17,789 (-74.3%), from €23,951 to €6,162
- Cash -€14,595
down €14,595 (-53.7%), from €27,184 to €12,589
mainly Other debts (-€27,980) and Trade debts (-€4,239)
- Tangible fixed assets -€968
down €968 (-33.3%), from €2,904 to €1,936
- Other debts -€27,980
down €27,980 (-70.6%), from €39,615 to €11,635
- Trade debts -€4,239
down €4,239 (-16.5%), from €25,702 to €21,463
- Profit (loss) carried forward -€2,670
down €2,670 (-4.6%), from -€57,777 to -€60,447
- Tax, wage and social debts +€2,294
up €2,294 (+28.3%), from €8,098 to €10,392
of which Taxes: +€2,110
- Gross operating margin -€15,491
down €15,491 (-22.9%), from €67,717 to €52,226
- Financial income +€8,700
new in 2025: €8,700
of which Financial income: +€8,700
- Staff costs +€3,197
up €3,197 (+5.6%), from €57,216 to €60,413
- Other operating charges -€1,075
down €1,075 (-37.9%), from €2,840 to €1,765
- Depreciation -€871
down €871 (-47.4%), from €1,839 to €968
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 | €61,494 | €28,900 | -€32,594 | -53.0% |
| Fixed assets | 21/28 | €2,904 | €1,936 | -€968 | -33.3% |
| Tangible fixed assets | 22/27 | €2,904 | €1,936 | -€968 | -33.3% |
| Furniture and vehicles | 24 | €2,904 | €1,936 | -€968 | -33.3% |
| Current assets | 29/58 | €58,590 | €26,964 | -€31,626 | -54.0% |
| Stocks and contracts in progress | 3 | €5,600 | €5,975 | +€375 | +6.7% |
| Stocks | 30/36 | €5,600 | €5,975 | +€375 | +6.7% |
| Amounts receivable within one year | 40/41 | €23,951 | €6,162 | -€17,789 | -74.3% |
| Other amounts receivable | 41 | €23,951 | €6,162 | -€17,789 | -74.3% |
| Cash at bank and in hand | 54/58 | €27,184 | €12,589 | -€14,595 | -53.7% |
| Deferred charges and accrued income | 490/1 | €1,855 | €2,238 | +€383 | +20.7% |
| Total equity and liabilities | 10/49 | €61,494 | €28,900 | -€32,594 | -53.0% |
| Equity | 10/15 | -€11,921 | -€14,590 | -€2,669 | -22.4% |
| Contributions | 10/11 | €45,857 | €45,857 | +€0 | 0.0% |
| Contributions outside capital | 11 | €45,857 | €45,857 | +€0 | 0.0% |
| Other | 1109/19 | €45,857 | €45,857 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€57,777 | -€60,447 | -€2,670 | -4.6% |
| Amounts payable | 17/49 | €73,415 | €43,490 | -€29,925 | -40.8% |
| Amounts payable within one year | 42/48 | €73,415 | €43,490 | -€29,925 | -40.8% |
| Trade debts | 44 | €25,702 | €21,463 | -€4,239 | -16.5% |
| Suppliers | 440/4 | €25,702 | €21,463 | -€4,239 | -16.5% |
| Taxes, remuneration and social security | 45 | €8,098 | €10,392 | +€2,294 | +28.3% |
| Taxes | 450/3 | €1,230 | €3,340 | +€2,110 | +171.6% |
| Remuneration and social security | 454/9 | €6,868 | €7,052 | +€184 | +2.7% |
| Other amounts payable | 47/48 | €39,615 | €11,635 | -€27,980 | -70.6% |
| Non-recurring operating income | 76A | €1,283 | - | -€1,283 | |
| Remuneration, social security and pensions | 62 | €57,216 | €60,413 | +€3,197 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839 | €968 | -€871 | -47.4% |
| Other operating charges | 640/8 | €2,840 | €1,765 | -€1,075 | -37.9% |
| Gross operating margin | 9900 | €67,717 | €52,226 | -€15,491 | -22.9% |
| Operating profit (loss) | 9901 | €5,822 | -€10,920 | -€16,742 | |
| Financial income | 75/76B | - | €8,700 | +€8,700 | |
| Recurring financial income | 75 | - | €8,700 | +€8,700 | |
| Non-recurring financial income | 76B | - | €8,700 | +€8,700 | |
| Financial charges | 65/66B | €210 | €182 | -€28 | -13.1% |
| Recurring financial charges | 65 | €210 | €182 | -€28 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €5,613 | -€2,402 | -€8,015 | |
| Income taxes | 67/77 | - | €268 | +€268 | |
| Profit (loss) for the period | 9904 | €5,613 | -€2,670 | -€8,283 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,613 | -€2,670 | -€8,283 |
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 9 October 2026 via checked.be.