MATESTATE: what changed
Two fiscal 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.
MATESTATE
Largest movements
- Cash -€2,801
down €2,801 (-8.7%), from €32,055 to €29,253
mainly Contributions, distributions and other (-€20,000) and Tax, wage and social debts (-€6,750)
- Receivables within one year +€1,029
up €1,029 (+130.5%), from €789 to €1,818
- Profit (loss) carried forward -€20,994
no longer reported in 2025 (was €20,994)
- Reserves +€18,721
up €18,721 (+382.6%), from €4,894 to €23,615
of which Distributable reserves: +€18,721
- Other debts +€7,250
up €7,250 (+69.0%), from €10,500 to €17,750
- Tax, wage and social debts -€6,750
down €6,750 (-75.0%), from €9,000 to €2,250
- Gross operating margin +€2,430
up €2,430 (+10.9%), from €22,309 to €24,740
- Taxes -€529
down €529 (-14.3%), from €3,711 to €3,182
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 | €47,717 | €45,945 | -€1,772 | -3.7% |
| Fixed assets | 21/28 | €14,874 | €14,874 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,874 | €14,874 | = | 0.0% |
| Land and buildings | 22 | €14,874 | €14,874 | = | 0.0% |
| Current assets | 29/58 | €32,843 | €31,071 | -€1,772 | -5.4% |
| Amounts receivable within one year | 40/41 | €789 | €1,818 | +€1,029 | +130.5% |
| Other amounts receivable | 41 | €789 | €1,818 | +€1,029 | +130.5% |
| Cash at bank and in hand | 54/58 | €32,055 | €29,253 | -€2,801 | -8.7% |
| Total equity and liabilities | 10/49 | €47,717 | €45,945 | -€1,772 | -3.7% |
| Equity | 10/15 | €28,217 | €25,945 | -€2,272 | -8.1% |
| Contributions | 10/11 | €2,330 | €2,330 | = | 0.0% |
| Outside capital | 11 | €2,330 | €2,330 | = | 0.0% |
| Share premium | 1100/10 | €2,330 | €2,330 | = | 0.0% |
| Reserves | 13 | €4,894 | €23,615 | +€18,721 | +382.6% |
| Non-distributable reserves | 130/1 | €4,894 | €4,894 | = | 0.0% |
| Legal reserve | 130 | €233 | €233 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,661 | €4,661 | = | 0.0% |
| Distributable reserves | 133 | - | €18,721 | +€18,721 | |
| Profit (loss) carried forward | 14 | €20,994 | - | -€20,994 | |
| Amounts payable | 17/49 | €19,500 | €20,000 | +€500 | +2.6% |
| Amounts payable within one year | 42/48 | €19,500 | €20,000 | +€500 | +2.6% |
| Taxes, remuneration and social security | 45 | €9,000 | €2,250 | -€6,750 | -75.0% |
| Taxes | 450/3 | €9,000 | €2,250 | -€6,750 | -75.0% |
| Other amounts payable | 47/48 | €10,500 | €17,750 | +€7,250 | +69.0% |
| Other operating charges | 640/8 | €3,669 | €3,746 | +€77 | +2.1% |
| Gross operating margin | 9900 | €22,309 | €24,740 | +€2,430 | +10.9% |
| Operating profit (loss) | 9901 | €18,640 | €20,994 | +€2,353 | +12.6% |
| Financial charges | 65/66B | €84 | €84 | -€0 | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €18,556 | €20,910 | +€2,353 | +12.7% |
| Income taxes | 67/77 | €3,711 | €3,182 | -€529 | -14.3% |
| Profit (loss) for the period | 9904 | €14,845 | €17,728 | +€2,883 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,845 | €17,728 | +€2,883 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.