MATER: 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.
MATER
Largest movements
- Current investments +€250,000
up €250,000 (+83.3%), from €300,000 to €550,000
- Cash -€84,330
down €84,330 (-65.0%), from €129,674 to €45,344
mainly Current investments (-€250,000) and Contributions, distributions and other (-€200,000)
- Other debts +€164,757
up €164,757 (+1,657%), from €9,944 to €174,701
- Reserves +€29,781
up €29,781 (+6.9%), from €429,763 to €459,544
- Tax, wage and social debts -€17,634
down €17,634 (-22.3%), from €79,088 to €61,454
of which Taxes: -€23,590
- Trade debts -€17,330
down €17,330 (-84.4%), from €20,526 to €3,196
- Gross operating margin +€100,438
up €100,438 (+48.2%), from €208,430 to €308,868
- Taxes +€11,616
up €11,616 (+18.1%), from €64,354 to €75,970
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 | €547,105 | €706,210 | +€159,105 | +29.1% |
| Fixed assets | 21/28 | €26,582 | €20,617 | -€5,966 | -22.4% |
| Tangible fixed assets | 22/27 | €26,582 | €20,617 | -€5,966 | -22.4% |
| Furniture and vehicles | 24 | €26,582 | €20,617 | -€5,966 | -22.4% |
| Current assets | 29/58 | €520,523 | €685,593 | +€165,071 | +31.7% |
| Amounts receivable within one year | 40/41 | €83,000 | €84,225 | +€1,225 | +1.5% |
| Trade receivables | 40 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 41 | €8,000 | €9,225 | +€1,225 | +15.3% |
| Current investments | 50/53 | €300,000 | €550,000 | +€250,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €129,674 | €45,344 | -€84,330 | -65.0% |
| Deferred charges and accrued income | 490/1 | €7,849 | €6,025 | -€1,824 | -23.2% |
| Total equity and liabilities | 10/49 | €547,105 | €706,210 | +€159,105 | +29.1% |
| Equity | 10/15 | €434,763 | €464,544 | +€29,781 | +6.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €429,763 | €459,544 | +€29,781 | +6.9% |
| Distributable reserves | 133 | €429,763 | €459,544 | +€29,781 | +6.9% |
| Amounts payable | 17/49 | €112,342 | €241,666 | +€129,324 | +115% |
| Amounts payable within one year | 42/48 | €109,558 | €239,351 | +€129,793 | +118% |
| Trade debts | 44 | €20,526 | €3,196 | -€17,330 | -84.4% |
| Suppliers | 440/4 | €20,526 | €3,196 | -€17,330 | -84.4% |
| Taxes, remuneration and social security | 45 | €79,088 | €61,454 | -€17,634 | -22.3% |
| Taxes | 450/3 | €79,088 | €55,498 | -€23,590 | -29.8% |
| Remuneration and social security | 454/9 | - | €5,956 | +€5,956 | |
| Other amounts payable | 47/48 | €9,944 | €174,701 | +€164,757 | +1,657% |
| Accrued charges and deferred income | 492/3 | €2,785 | €2,316 | -€469 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,861 | €9,047 | +€2,186 | +31.9% |
| Other operating charges | 640/8 | €1,144 | €1,174 | +€30 | +2.6% |
| Gross operating margin | 9900 | €208,430 | €308,868 | +€100,438 | +48.2% |
| Operating profit (loss) | 9901 | €200,424 | €298,646 | +€98,222 | +49.0% |
| Financial income | 75/76B | €9,432 | €7,317 | -€2,115 | -22.4% |
| Recurring financial income | 75 | €9,432 | €7,317 | -€2,115 | -22.4% |
| Financial charges | 65/66B | €77 | €212 | +€135 | +175% |
| Recurring financial charges | 65 | €77 | €212 | +€135 | +175% |
| Profit (loss) for the period before taxes | 9903 | €209,779 | €305,751 | +€95,972 | +45.7% |
| Income taxes | 67/77 | €64,354 | €75,970 | +€11,616 | +18.1% |
| Profit (loss) for the period | 9904 | €145,426 | €229,781 | +€84,355 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,426 | €229,781 | +€84,355 | +58.0% |
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 25 October 2026 via checked.be.