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 within one year +€38,618
up €38,618 (+72.4%), from €53,353 to €91,971
of which Trade receivables: +€33,030
- Tangible fixed assets -€17,084
down €17,084 (-27.1%), from €62,993 to €45,909
of which Furniture and vehicles: -€16,586
- Stocks and contracts -€11,069
down €11,069 (-95.7%), from €11,569 to €500
- Deferred charges and accrued income -€4,611
down €4,611 (-81.4%), from €5,667 to €1,056
- Cash +€2,292
up €2,292 (+10.9%), from €21,046 to €23,338
mainly Net result for the year (+€122,029) and Other debts (+€85,456)
- Other debts +€85,456
up €85,456 (+1,037%), from €8,242 to €93,698
- Reserves -€28,218
down €28,218 (-56.2%), from €50,247 to €22,029
- Debts after one year -€17,403
down €17,403 (-43.6%), from €39,934 to €22,531
- Advances received -€15,925
down €15,925 (-100%), from €15,925 to €0
- Trade debts -€12,448
down €12,448 (-88.2%), from €14,117 to €1,669
- Gross operating margin +€94,257
up €94,257 (+105%), from €89,455 to €183,712
- Taxes +€20,930
up €20,930 (+145%), from €14,420 to €35,350
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 | €156,428 | €164,574 | +€8,146 | +5.2% |
| Fixed assets | 21/28 | €64,793 | €47,709 | -€17,084 | -26.4% |
| Tangible fixed assets | 22/27 | €62,993 | €45,909 | -€17,084 | -27.1% |
| Plant, machinery and equipment | 23 | €868 | €370 | -€498 | -57.4% |
| Furniture and vehicles | 24 | €62,125 | €45,539 | -€16,586 | -26.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €91,635 | €116,865 | +€25,230 | +27.5% |
| Stocks and contracts in progress | 3 | €11,569 | €500 | -€11,069 | -95.7% |
| Stocks | 30/36 | €11,569 | €500 | -€11,069 | -95.7% |
| Amounts receivable within one year | 40/41 | €53,353 | €91,971 | +€38,618 | +72.4% |
| Trade receivables | 40 | €49,353 | €82,383 | +€33,030 | +66.9% |
| Other amounts receivable | 41 | €4,000 | €9,587 | +€5,587 | +140% |
| Cash at bank and in hand | 54/58 | €21,046 | €23,338 | +€2,292 | +10.9% |
| Deferred charges and accrued income | 490/1 | €5,667 | €1,056 | -€4,611 | -81.4% |
| Total equity and liabilities | 10/49 | €156,428 | €164,574 | +€8,146 | +5.2% |
| Equity | 10/15 | €55,247 | €27,029 | -€28,218 | -51.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €50,247 | €22,029 | -€28,218 | -56.2% |
| Distributable reserves | 133 | €50,247 | €22,029 | -€28,218 | -56.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,181 | €137,545 | +€36,365 | +35.9% |
| Amounts payable after more than one year | 17 | €39,934 | €22,531 | -€17,403 | -43.6% |
| Financial debts | 170/4 | €39,934 | €22,531 | -€17,403 | -43.6% |
| Amounts payable within one year | 42/48 | €61,247 | €114,660 | +€53,414 | +87.2% |
| Current portion of amounts payable after more than one year | 42 | €17,862 | €17,403 | -€459 | -2.6% |
| Trade debts | 44 | €14,117 | €1,669 | -€12,448 | -88.2% |
| Suppliers | 440/4 | €14,117 | €1,669 | -€12,448 | -88.2% |
| Advances received on contracts in progress | 46 | €15,925 | €0 | -€15,925 | -100% |
| Taxes, remuneration and social security | 45 | €5,101 | €1,890 | -€3,211 | -62.9% |
| Taxes | 450/3 | €5,101 | €1,890 | -€3,211 | -62.9% |
| Other amounts payable | 47/48 | €8,242 | €93,698 | +€85,456 | +1,037% |
| Accrued charges and deferred income | 492/3 | - | €354 | +€354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,912 | €20,991 | +€79 | +0.4% |
| Other operating charges | 640/8 | €1,210 | €1,522 | +€312 | +25.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €89,455 | €183,712 | +€94,257 | +105% |
| Operating profit (loss) | 9901 | €67,333 | €161,199 | +€93,866 | +139% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,667 | €3,821 | +€1,154 | +43.3% |
| Recurring financial charges | 65 | €2,667 | €3,821 | +€1,154 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €64,667 | €157,379 | +€92,712 | +143% |
| Income taxes | 67/77 | €14,420 | €35,350 | +€20,930 | +145% |
| Profit (loss) for the period | 9904 | €50,247 | €122,029 | +€71,782 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €50,247 | €122,029 | +€71,782 | +143% |
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 13 October 2026 via checked.be.