MATGENIX: 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.
MATGENIX
Largest movements
- Cash -€77,553
down €77,553 (-17.7%), from €437,214 to €359,661
mainly Net result for the year (-€87,226) and Contributions, distributions and other (-€58,403)
- Receivables within one year -€17,999
down €17,999 (-13.1%), from €137,709 to €119,710
of which Trade receivables: -€76,834
- Profit (loss) carried forward -€87,226
down €87,226 (-22.9%), from €380,574 to €293,348
- Investment grants -€58,403
down €58,403 (-94.8%), from €61,603 to €3,200
- Trade debts +€40,948
up €40,948 (+889.3%), from €4,605 to €45,553
- Gross operating margin -€240,581
down €240,581 (-66.0%), from €364,333 to €123,752
- Staff costs +€26,493
up €26,493 (+15.1%), from €175,495 to €201,988
- Taxes -€11,507
down €11,507 (-94.1%), from €12,229 to €722
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 | €592,972 | €491,992 | -€100,980 | -17.0% |
| Fixed assets | 21/28 | €18,049 | €12,621 | -€5,428 | -30.1% |
| Tangible fixed assets | 22/27 | €18,049 | €12,621 | -€5,428 | -30.1% |
| Plant, machinery and equipment | 23 | €17,823 | €12,621 | -€5,202 | -29.2% |
| Furniture and vehicles | 24 | €226 | - | -€226 | |
| Current assets | 29/58 | €574,923 | €479,371 | -€95,552 | -16.6% |
| Amounts receivable within one year | 40/41 | €137,709 | €119,710 | -€17,999 | -13.1% |
| Trade receivables | 40 | €95,166 | €18,332 | -€76,834 | -80.7% |
| Other amounts receivable | 41 | €42,544 | €101,379 | +€58,835 | +138.3% |
| Cash at bank and in hand | 54/58 | €437,214 | €359,661 | -€77,553 | -17.7% |
| Total equity and liabilities | 10/49 | €592,972 | €491,992 | -€100,980 | -17.0% |
| Equity | 10/15 | €462,178 | €316,548 | -€145,629 | -31.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,574 | €293,348 | -€87,226 | -22.9% |
| Investment grants | 15 | €61,603 | €3,200 | -€58,403 | -94.8% |
| Amounts payable | 17/49 | €130,794 | €175,443 | +€44,649 | +34.1% |
| Amounts payable within one year | 42/48 | €130,794 | €175,443 | +€44,649 | +34.1% |
| Trade debts | 44 | €4,605 | €45,553 | +€40,948 | +889.3% |
| Suppliers | 440/4 | €4,605 | €45,553 | +€40,948 | +889.3% |
| Taxes, remuneration and social security | 45 | €69,344 | €69,488 | +€145 | +0.2% |
| Taxes | 450/3 | €33,703 | €18,641 | -€15,063 | -44.7% |
| Remuneration and social security | 454/9 | €35,640 | €50,847 | +€15,207 | +42.7% |
| Other amounts payable | 47/48 | €56,846 | €60,402 | +€3,556 | +6.3% |
| Remuneration, social security and pensions | 62 | €175,495 | €201,988 | +€26,493 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €9,079 | +€2,034 | +28.9% |
| Other operating charges | 640/8 | €581 | €365 | -€216 | -37.1% |
| Gross operating margin | 9900 | €364,333 | €123,752 | -€240,581 | -66.0% |
| Operating profit (loss) | 9901 | €181,213 | -€87,680 | -€268,893 | |
| Financial income | 75/76B | €0 | €2,505 | +€2,505 | +835006.7% |
| Recurring financial income | 75 | €0 | €2,505 | +€2,505 | +835006.7% |
| Financial charges | 65/66B | €2,096 | €1,329 | -€767 | -36.6% |
| Recurring financial charges | 65 | €2,096 | €1,329 | -€767 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €179,117 | -€86,504 | -€265,621 | |
| Income taxes | 67/77 | €12,229 | €722 | -€11,507 | -94.1% |
| Profit (loss) for the period | 9904 | €166,888 | -€87,226 | -€254,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €166,888 | -€87,226 | -€254,114 |
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 8 October 2026 via checked.be.