Matibo: 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.
Matibo
Largest movements
- Receivables after one year +€50,000
up €50,000, from €0 to €50,000
- Cash -€40,709
down €40,709 (-32.9%), from €123,601 to €82,892
mainly Receivables after one year (-€50,000) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€8,207
down €8,207 (-49.1%), from €16,713 to €8,505
of which Leasing and similar rights: -€11,386
- Other debts +€13,970
up €13,970 (+20.6%), from €67,893 to €81,862
- Reserves -€11,611
down €11,611 (-3.6%), from €321,478 to €309,867
- Current portion of long-term debt -€6,454
down €6,454 (-100%), from €6,454 to €0
- Trade debts +€4,613
up €4,613 (+127%), from €3,628 to €8,241
- Financial income +€24,565
up €24,565 (+5,718%), from €430 to €24,994
- Gross operating margin -€8,103
down €8,103 (-22.2%), from €36,563 to €28,460
- Staff costs -€3,799
down €3,799, from €3,591 to -€208
- Taxes -€878
down €878 (-15.2%), from €5,786 to €4,908
- Depreciation +€769
up €769 (+10.3%), from €7,438 to €8,207
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 | €422,146 | €424,629 | +€2,483 | +0.6% |
| Fixed assets | 21/28 | €160,713 | €152,505 | -€8,207 | -5.1% |
| Tangible fixed assets | 22/27 | €16,713 | €8,505 | -€8,207 | -49.1% |
| Furniture and vehicles | 24 | €5,326 | €8,505 | +€3,179 | +59.7% |
| Leasing and similar rights | 25 | €11,386 | €0 | -€11,386 | -100% |
| Financial fixed assets | 28 | €144,000 | €144,000 | = | 0.0% |
| Current assets | 29/58 | €261,433 | €272,124 | +€10,691 | +4.1% |
| Amounts receivable after more than one year | 29 | €0 | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | €0 | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €136,846 | €138,292 | +€1,446 | +1.1% |
| Trade receivables | 40 | €109,905 | €94,910 | -€14,995 | -13.6% |
| Other amounts receivable | 41 | €26,942 | €43,382 | +€16,440 | +61.0% |
| Cash at bank and in hand | 54/58 | €123,601 | €82,892 | -€40,709 | -32.9% |
| Deferred charges and accrued income | 490/1 | €986 | €940 | -€46 | -4.7% |
| Total equity and liabilities | 10/49 | €422,146 | €424,629 | +€2,483 | +0.6% |
| Equity | 10/15 | €340,078 | €328,467 | -€11,611 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €321,478 | €309,867 | -€11,611 | -3.6% |
| Distributable reserves | 133 | €321,478 | €309,867 | -€11,611 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,068 | €96,162 | +€14,094 | +17.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,068 | €96,162 | +€14,094 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €6,454 | €0 | -€6,454 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,628 | €8,241 | +€4,613 | +127% |
| Suppliers | 440/4 | €3,628 | €8,241 | +€4,613 | +127% |
| Taxes, remuneration and social security | 45 | €4,094 | €6,059 | +€1,965 | +48.0% |
| Taxes | 450/3 | €3,645 | €4,109 | +€464 | +12.7% |
| Remuneration and social security | 454/9 | €449 | €1,950 | +€1,501 | +335% |
| Other amounts payable | 47/48 | €67,893 | €81,862 | +€13,970 | +20.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,591 | -€208 | -€3,799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,438 | €8,207 | +€769 | +10.3% |
| Other operating charges | 640/8 | €2,103 | €1,921 | -€183 | -8.7% |
| Gross operating margin | 9900 | €36,563 | €28,460 | -€8,103 | -22.2% |
| Operating profit (loss) | 9901 | €23,430 | €18,540 | -€4,890 | -20.9% |
| Financial income | 75/76B | €430 | €24,994 | +€24,565 | +5,718% |
| Recurring financial income | 75 | €430 | €24,994 | +€24,565 | +5,718% |
| Financial charges | 65/66B | €266 | €237 | -€29 | -10.8% |
| Recurring financial charges | 65 | €266 | €237 | -€29 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €23,594 | €43,297 | +€19,704 | +83.5% |
| Income taxes | 67/77 | €5,786 | €4,908 | -€878 | -15.2% |
| Profit (loss) for the period | 9904 | €17,808 | €38,389 | +€20,581 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €17,808 | €38,389 | +€20,581 | +116% |
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 26 October 2026 via checked.be.