MATEO: 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.
MATEO
Largest movements
- Receivables within one year +€24,008
up €24,008 (+24.0%), from €100,194 to €124,202
of which Trade receivables: +€25,684
- Deferred charges and accrued income -€2,123
no longer reported in 2025 (was €2,123)
- Other debts +€43,247
up €43,247 (+134%), from €32,274 to €75,521
- Profit (loss) carried forward -€17,734
down €17,734 (-15.6%), from €114,034 to €96,300
- Current portion of long-term debt -€7,382
no longer reported in 2025 (was €7,382)
- Tax, wage and social debts +€4,621
up €4,621 (+44.4%), from €10,398 to €15,019
of which Taxes: +€7,121
- Gross operating margin -€10,215
down €10,215 (-15.7%), from €65,108 to €54,893
- Taxes -€2,851
down €2,851 (-27.2%), from €10,474 to €7,623
- Depreciation -€1,591
down €1,591 (-8.0%), from €19,916 to €18,325
- Other operating charges +€1,380
up €1,380 (+29.7%), from €4,649 to €6,029
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 | €176,436 | €199,868 | +€23,433 | +13.3% |
| Fixed assets | 21/28 | €36,739 | €37,823 | +€1,083 | +2.9% |
| Tangible fixed assets | 22/27 | €36,739 | €37,423 | +€683 | +1.9% |
| Plant, machinery and equipment | 23 | €4,885 | €3,489 | -€1,396 | -28.6% |
| Furniture and vehicles | 24 | €31,855 | €33,934 | +€2,079 | +6.5% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €139,696 | €162,046 | +€22,349 | +16.0% |
| Amounts receivable within one year | 40/41 | €100,194 | €124,202 | +€24,008 | +24.0% |
| Trade receivables | 40 | €91,918 | €117,602 | +€25,684 | +27.9% |
| Other amounts receivable | 41 | €8,275 | €6,599 | -€1,676 | -20.3% |
| Cash at bank and in hand | 54/58 | €37,379 | €37,844 | +€465 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,123 | - | -€2,123 | |
| Total equity and liabilities | 10/49 | €176,436 | €199,868 | +€23,433 | +13.3% |
| Equity | 10/15 | €116,234 | €98,500 | -€17,734 | -15.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,034 | €96,300 | -€17,734 | -15.6% |
| Amounts payable | 17/49 | €60,202 | €101,369 | +€41,167 | +68.4% |
| Amounts payable within one year | 42/48 | €60,202 | €101,369 | +€41,167 | +68.4% |
| Current portion of amounts payable after more than one year | 42 | €7,382 | - | -€7,382 | |
| Trade debts | 44 | €10,148 | €10,829 | +€681 | +6.7% |
| Suppliers | 440/4 | €10,148 | €10,829 | +€681 | +6.7% |
| Taxes, remuneration and social security | 45 | €10,398 | €15,019 | +€4,621 | +44.4% |
| Taxes | 450/3 | €7,898 | €15,019 | +€7,121 | +90.2% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €32,274 | €75,521 | +€43,247 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,916 | €18,325 | -€1,591 | -8.0% |
| Other operating charges | 640/8 | €4,649 | €6,029 | +€1,380 | +29.7% |
| Gross operating margin | 9900 | €65,108 | €54,893 | -€10,215 | -15.7% |
| Operating profit (loss) | 9901 | €40,543 | €30,540 | -€10,004 | -24.7% |
| Financial income | 75/76B | €1 | €8 | +€7 | +852% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +852% |
| Financial charges | 65/66B | €871 | €659 | -€212 | -24.4% |
| Recurring financial charges | 65 | €871 | €659 | -€212 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €39,673 | €29,889 | -€9,785 | -24.7% |
| Income taxes | 67/77 | €10,474 | €7,623 | -€2,851 | -27.2% |
| Profit (loss) for the period | 9904 | €29,200 | €22,266 | -€6,934 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,200 | €22,266 | -€6,934 | -23.7% |
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 15 October 2026 via checked.be.