MATERIO: 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.
MATERIO
Largest movements
- Cash -€18,444
down €18,444 (-83.4%), from €22,107 to €3,663
mainly Investment in fixed assets (net) (-€18,525) and Trade debts (-€12,187)
- Stocks and contracts -€11,626
down €11,626 (-38.5%), from €30,170 to €18,544
- Tangible fixed assets +€8,084
up €8,084 (+724%), from €1,116 to €9,201
of which Furniture and vehicles: +€4,799
- Financial fixed assets +€8,000
new in 2025: €8,000
- Receivables within one year +€737
new in 2025: €737
- Trade debts -€12,187
down €12,187 (-56.1%), from €21,722 to €9,535
- Tax, wage and social debts -€1,631
down €1,631 (-16.8%), from €9,714 to €8,083
- Profit (loss) carried forward +€570
up €570 (+8.2%), from €6,957 to €7,527
- Gross operating margin -€5,716
down €5,716 (-59.5%), from €9,599 to €3,884
- Depreciation +€1,637
up €1,637 (+204%), from €804 to €2,441
- Taxes -€1,500
down €1,500 (-86.2%), from €1,739 to €240
- Other operating charges +€440
new in 2025: €440
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 | €53,393 | €40,145 | -€13,249 | -24.8% |
| Fixed assets | 21/28 | €1,116 | €17,201 | +€16,084 | +1,441% |
| Tangible fixed assets | 22/27 | €1,116 | €9,201 | +€8,084 | +724% |
| Plant, machinery and equipment | 23 | €1,116 | €4,402 | +€3,286 | +294% |
| Furniture and vehicles | 24 | - | €4,799 | +€4,799 | |
| Financial fixed assets | 28 | - | €8,000 | +€8,000 | |
| Current assets | 29/58 | €52,277 | €22,944 | -€29,333 | -56.1% |
| Stocks and contracts in progress | 3 | €30,170 | €18,544 | -€11,626 | -38.5% |
| Stocks | 30/36 | €30,170 | €18,544 | -€11,626 | -38.5% |
| Amounts receivable within one year | 40/41 | - | €737 | +€737 | |
| Other amounts receivable | 41 | - | €737 | +€737 | |
| Cash at bank and in hand | 54/58 | €22,107 | €3,663 | -€18,444 | -83.4% |
| Total equity and liabilities | 10/49 | €53,393 | €40,145 | -€13,249 | -24.8% |
| Equity | 10/15 | €21,957 | €22,527 | +€570 | +2.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,957 | €7,527 | +€570 | +8.2% |
| Amounts payable | 17/49 | €31,436 | €17,618 | -€13,819 | -44.0% |
| Amounts payable within one year | 42/48 | €31,436 | €17,618 | -€13,819 | -44.0% |
| Trade debts | 44 | €21,722 | €9,535 | -€12,187 | -56.1% |
| Suppliers | 440/4 | €21,722 | €9,535 | -€12,187 | -56.1% |
| Taxes, remuneration and social security | 45 | €9,714 | €8,083 | -€1,631 | -16.8% |
| Taxes | 450/3 | €9,714 | €8,083 | -€1,631 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €2,441 | +€1,637 | +204% |
| Other operating charges | 640/8 | - | €440 | +€440 | |
| Gross operating margin | 9900 | €9,599 | €3,884 | -€5,716 | -59.5% |
| Operating profit (loss) | 9901 | €8,796 | €1,003 | -€7,792 | -88.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €100 | €195 | +€95 | +95.5% |
| Recurring financial charges | 65 | €100 | €195 | +€95 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €8,696 | €809 | -€7,887 | -90.7% |
| Income taxes | 67/77 | €1,739 | €240 | -€1,500 | -86.2% |
| Profit (loss) for the period | 9904 | €6,957 | €570 | -€6,387 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,957 | €570 | -€6,387 | -91.8% |
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 17 October 2026 via checked.be.