MATERIALISONS: 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.
MATERIALISONS
Largest movements
- Stocks and contracts +€10,143
new in 2025: €10,143
- Receivables within one year +€9,424
up €9,424 (+1172.3%), from €804 to €10,228
of which Trade receivables: +€8,135
- Tangible fixed assets +€926
up €926 (+45.3%), from €2,042 to €2,968
- Financial fixed assets +€600
new in 2025: €600
- Other debts +€30,325
up €30,325 (+1950.9%), from €1,554 to €31,880
- Profit (loss) carried forward -€18,115
down €18,115 (-299.8%), from -€6,042 to -€24,157
- Trade debts +€7,158
new in 2025: €7,158
- Advances received +€1,197
new in 2025: €1,197
- Tax, wage and social debts +€609
new in 2025: €609
- Gross operating margin -€17,843
down €17,843, from €2,089 to -€15,754
- Depreciation +€857
up €857 (+96.2%), from €891 to €1,747
- Other operating charges +€372
new in 2025: €372
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 | €3,572 | €24,747 | +€21,175 | +592.7% |
| Fixed assets | 21/28 | €2,042 | €3,568 | +€1,526 | +74.7% |
| Tangible fixed assets | 22/27 | €2,042 | €2,968 | +€926 | +45.3% |
| Furniture and vehicles | 24 | €2,042 | €2,968 | +€926 | +45.3% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €1,530 | €21,179 | +€19,649 | +1283.9% |
| Stocks and contracts in progress | 3 | - | €10,143 | +€10,143 | |
| Stocks | 30/36 | - | €10,143 | +€10,143 | |
| Amounts receivable within one year | 40/41 | €804 | €10,228 | +€9,424 | +1172.3% |
| Trade receivables | 40 | €156 | €8,291 | +€8,135 | +5209.6% |
| Other amounts receivable | 41 | €648 | €1,936 | +€1,289 | +198.9% |
| Cash at bank and in hand | 54/58 | €727 | €809 | +€82 | +11.3% |
| Total equity and liabilities | 10/49 | €3,572 | €24,747 | +€21,175 | +592.7% |
| Equity | 10/15 | €2,018 | -€16,097 | -€18,115 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,042 | -€24,157 | -€18,115 | -299.8% |
| Amounts payable | 17/49 | €1,554 | €40,844 | +€39,289 | +2527.5% |
| Amounts payable within one year | 42/48 | €1,554 | €40,844 | +€39,289 | +2527.5% |
| Trade debts | 44 | - | €7,158 | +€7,158 | |
| Suppliers | 440/4 | - | €7,158 | +€7,158 | |
| Advances received on contracts in progress | 46 | - | €1,197 | +€1,197 | |
| Taxes, remuneration and social security | 45 | - | €609 | +€609 | |
| Taxes | 450/3 | - | €609 | +€609 | |
| Other amounts payable | 47/48 | €1,554 | €31,880 | +€30,325 | +1950.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €1,747 | +€857 | +96.2% |
| Other operating charges | 640/8 | - | €372 | +€372 | |
| Gross operating margin | 9900 | €2,089 | -€15,754 | -€17,843 | |
| Operating profit (loss) | 9901 | €1,198 | -€17,873 | -€19,071 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €135 | €242 | +€107 | +79.1% |
| Recurring financial charges | 65 | €135 | €242 | +€107 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €1,063 | -€18,115 | -€19,178 | |
| Profit (loss) for the period | 9904 | €1,063 | -€18,115 | -€19,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,063 | -€18,115 | -€19,178 |
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 10 October 2026 via checked.be.