MATICON: 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.
MATICON
Largest movements
- Cash -€58,917
down €58,917 (-20.0%), from €294,009 to €235,091
mainly Contributions, distributions and other (-€152,791) and Current investments (-€33,688)
- Current investments +€33,688
up €33,688 (+19.7%), from €171,139 to €204,827
- Deferred charges and accrued income +€33,523
up €33,523 (+1,160%), from €2,890 to €36,412
- Receivables within one year -€17,017
down €17,017 (-13.2%), from €129,312 to €112,295
of which Trade receivables: -€18,754
- Other debts +€149,458
up €149,458 (+658%), from €22,730 to €172,188
- Reserves -€127,168
down €127,168 (-24.7%), from €515,391 to €388,223
of which Distributable reserves: -€125,308
- Tax, wage and social debts -€19,299
down €19,299 (-64.4%), from €29,982 to €10,682
- Accrued charges and deferred income -€15,120
down €15,120 (-92.6%), from €16,320 to €1,200
- Gross operating margin -€53,674
down €53,674 (-64.7%), from €82,920 to €29,245
- Taxes -€16,932
down €16,932 (-66.5%), from €25,450 to €8,518
- Financial income -€11,716
down €11,716 (-53.3%), from €21,979 to €10,263
of which Non-recurring financial income: -€11,642
- Financial charges -€1,550
down €1,550 (-85.9%), from €1,803 to €253
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 | €608,900 | €599,157 | -€9,743 | -1.6% |
| Fixed assets | 21/28 | €11,551 | €10,532 | -€1,019 | -8.8% |
| Tangible fixed assets | 22/27 | €6,551 | €5,532 | -€1,019 | -15.6% |
| Furniture and vehicles | 24 | €6,551 | €5,532 | -€1,019 | -15.6% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €597,349 | €588,625 | -€8,724 | -1.5% |
| Amounts receivable within one year | 40/41 | €129,312 | €112,295 | -€17,017 | -13.2% |
| Trade receivables | 40 | €109,312 | €90,558 | -€18,754 | -17.2% |
| Other amounts receivable | 41 | €20,000 | €21,737 | +€1,737 | +8.7% |
| Current investments | 50/53 | €171,139 | €204,827 | +€33,688 | +19.7% |
| Cash at bank and in hand | 54/58 | €294,009 | €235,091 | -€58,917 | -20.0% |
| Deferred charges and accrued income | 490/1 | €2,890 | €36,412 | +€33,523 | +1,160% |
| Total equity and liabilities | 10/49 | €608,900 | €599,157 | -€9,743 | -1.6% |
| Equity | 10/15 | €533,991 | €406,823 | -€127,168 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €515,391 | €388,223 | -€127,168 | -24.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €513,531 | €388,223 | -€125,308 | -24.4% |
| Amounts payable | 17/49 | €74,909 | €192,334 | +€117,425 | +157% |
| Amounts payable within one year | 42/48 | €58,589 | €191,134 | +€132,545 | +226% |
| Trade debts | 44 | €5,878 | €8,264 | +€2,386 | +40.6% |
| Suppliers | 440/4 | €5,878 | €8,264 | +€2,386 | +40.6% |
| Taxes, remuneration and social security | 45 | €29,982 | €10,682 | -€19,299 | -64.4% |
| Taxes | 450/3 | €29,982 | €10,682 | -€19,299 | -64.4% |
| Other amounts payable | 47/48 | €22,730 | €172,188 | +€149,458 | +658% |
| Accrued charges and deferred income | 492/3 | €16,320 | €1,200 | -€15,120 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,688 | €4,264 | +€575 | +15.6% |
| Other operating charges | 640/8 | €753 | €690 | -€63 | -8.3% |
| Non-recurring operating charges | 66A | - | €160 | +€160 | |
| Gross operating margin | 9900 | €82,920 | €29,245 | -€53,674 | -64.7% |
| Operating profit (loss) | 9901 | €78,479 | €24,131 | -€54,347 | -69.3% |
| Financial income | 75/76B | €21,979 | €10,263 | -€11,716 | -53.3% |
| Recurring financial income | 75 | €650 | €575 | -€74 | -11.4% |
| Non-recurring financial income | 76B | €21,330 | €9,688 | -€11,642 | -54.6% |
| Financial charges | 65/66B | €1,803 | €253 | -€1,550 | -85.9% |
| Recurring financial charges | 65 | €1,803 | €253 | -€1,550 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €98,655 | €34,141 | -€64,513 | -65.4% |
| Income taxes | 67/77 | €25,450 | €8,518 | -€16,932 | -66.5% |
| Profit (loss) for the period | 9904 | €73,205 | €25,624 | -€47,581 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,205 | €25,624 | -€47,581 | -65.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.