MaTiBe: 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.
MaTiBe
Largest movements
- Receivables within one year -€14,489
down €14,489 (-20.8%), from €69,667 to €55,178
of which Trade receivables: -€29,486
- Cash -€11,850
down €11,850 (-6.5%), from €181,780 to €169,930
mainly Contributions, distributions and other (-€150,000) and Trade debts (-€80,172)
- Tangible fixed assets -€9,978
down €9,978 (-3.1%), from €323,156 to €313,178
of which Land and buildings: -€8,210
- Other debts +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Trade debts -€80,172
down €80,172 (-77.6%), from €103,300 to €23,128
- Reserves -€64,371
down €64,371 (-22.4%), from €287,645 to €223,273
- Tax, wage and social debts +€31,295
up €31,295 (+233.0%), from €13,430 to €44,725
of which Taxes: +€32,282
- Debts after one year -€19,118
down €19,118 (-8.6%), from €223,421 to €204,302
- Taxes -€15,486
down €15,486 (-47.6%), from €32,512 to €17,026
- Staff costs +€9,080
up €9,080 (+31.5%), from €28,817 to €37,897
- Gross operating margin -€3,581
down €3,581 (-2.1%), from €167,768 to €164,187
- Depreciation +€2,545
up €2,545 (+18.7%), from €13,577 to €16,122
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 | €711,625 | €679,547 | -€32,078 | -4.5% |
| Fixed assets | 21/28 | €323,156 | €313,178 | -€9,978 | -3.1% |
| Tangible fixed assets | 22/27 | €323,156 | €313,178 | -€9,978 | -3.1% |
| Land and buildings | 22 | €297,816 | €289,606 | -€8,210 | -2.8% |
| Plant, machinery and equipment | 23 | €14,528 | €8,735 | -€5,793 | -39.9% |
| Furniture and vehicles | 24 | €3,337 | €5,750 | +€2,412 | +72.3% |
| Other tangible fixed assets | 26 | €7,474 | €9,087 | +€1,613 | +21.6% |
| Current assets | 29/58 | €388,469 | €366,369 | -€22,100 | -5.7% |
| Stocks and contracts in progress | 3 | €134,709 | €138,593 | +€3,884 | +2.9% |
| Stocks | 30/36 | €134,709 | €138,593 | +€3,884 | +2.9% |
| Amounts receivable within one year | 40/41 | €69,667 | €55,178 | -€14,489 | -20.8% |
| Trade receivables | 40 | €48,704 | €19,219 | -€29,486 | -60.5% |
| Other amounts receivable | 41 | €20,963 | €35,960 | +€14,997 | +71.5% |
| Cash at bank and in hand | 54/58 | €181,780 | €169,930 | -€11,850 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,313 | €2,668 | +€355 | +15.4% |
| Total equity and liabilities | 10/49 | €711,625 | €679,547 | -€32,078 | -4.5% |
| Equity | 10/15 | €302,645 | €238,273 | -€64,371 | -21.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €287,645 | €223,273 | -€64,371 | -22.4% |
| Distributable reserves | 133 | €287,645 | €223,273 | -€64,371 | -22.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €408,981 | €441,274 | +€32,293 | +7.9% |
| Amounts payable after more than one year | 17 | €223,421 | €204,302 | -€19,118 | -8.6% |
| Financial debts | 170/4 | €223,421 | €204,302 | -€19,118 | -8.6% |
| Amounts payable within one year | 42/48 | €185,560 | €236,971 | +€51,411 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €18,830 | €19,118 | +€288 | +1.5% |
| Trade debts | 44 | €103,300 | €23,128 | -€80,172 | -77.6% |
| Suppliers | 440/4 | €103,300 | €23,128 | -€80,172 | -77.6% |
| Taxes, remuneration and social security | 45 | €13,430 | €44,725 | +€31,295 | +233.0% |
| Taxes | 450/3 | €7,163 | €39,445 | +€32,282 | +450.6% |
| Remuneration and social security | 454/9 | €6,267 | €5,280 | -€987 | -15.7% |
| Other amounts payable | 47/48 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Non-recurring operating income | 76A | - | €14,561 | +€14,561 | |
| Remuneration, social security and pensions | 62 | €28,817 | €37,897 | +€9,080 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,577 | €16,122 | +€2,545 | +18.7% |
| Other operating charges | 640/8 | €4,118 | €3,797 | -€321 | -7.8% |
| Gross operating margin | 9900 | €167,768 | €164,187 | -€3,581 | -2.1% |
| Operating profit (loss) | 9901 | €121,256 | €106,371 | -€14,885 | -12.3% |
| Financial income | 75/76B | €987 | €1,165 | +€178 | +18.1% |
| Recurring financial income | 75 | €987 | €1,165 | +€178 | +18.1% |
| Financial charges | 65/66B | €5,031 | €4,881 | -€149 | -3.0% |
| Recurring financial charges | 65 | €5,031 | €4,881 | -€149 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €117,212 | €102,655 | -€14,558 | -12.4% |
| Income taxes | 67/77 | €32,512 | €17,026 | -€15,486 | -47.6% |
| Profit (loss) for the period | 9904 | €84,700 | €85,629 | +€928 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,700 | €85,629 | +€928 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.