MATICS: 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.
MATICS
Largest movements
- Deferred charges and accrued income +€10,640
up €10,640 (+242%), from €4,390 to €15,030
- Cash -€7,655
down €7,655 (-35.7%), from €21,435 to €13,780
mainly Debts after one year (-€33,195) and Contributions, distributions and other (-€14,350)
- Debts after one year -€33,195
down €33,195 (-15.3%), from €216,897 to €183,702
- Reserves +€27,684
up €27,684 (+193%), from €14,350 to €42,034
- Accrued charges and deferred income +€3,330
new in 2025: €3,330
- Gross operating margin +€22,268
up €22,268 (+55.2%), from €40,339 to €62,607
- Financial income +€11,258
up €11,258 (+18,408%), from €61 to €11,319
- Financial charges +€8,040
up €8,040 (+2,523%), from €319 to €8,359
- Taxes +€5,913
up €5,913 (+52.9%), from €11,188 to €17,100
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 | €299,349 | €302,639 | +€3,290 | +1.1% |
| Fixed assets | 21/28 | €273,524 | €273,829 | +€305 | +0.1% |
| Tangible fixed assets | 22/27 | €10,574 | €10,879 | +€305 | +2.9% |
| Land and buildings | 22 | €2,225 | €520 | -€1,705 | -76.6% |
| Furniture and vehicles | 24 | €8,349 | €10,359 | +€2,010 | +24.1% |
| Financial fixed assets | 28 | €262,950 | €262,950 | = | 0.0% |
| Current assets | 29/58 | €25,825 | €28,810 | +€2,985 | +11.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €21,435 | €13,780 | -€7,655 | -35.7% |
| Deferred charges and accrued income | 490/1 | €4,390 | €15,030 | +€10,640 | +242% |
| Total equity and liabilities | 10/49 | €299,349 | €302,639 | +€3,290 | +1.1% |
| Equity | 10/15 | €32,950 | €60,634 | +€27,684 | +84.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,350 | €42,034 | +€27,684 | +193% |
| Distributable reserves | 133 | €14,350 | €42,034 | +€27,684 | +193% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,399 | €242,005 | -€24,394 | -9.2% |
| Amounts payable after more than one year | 17 | €216,897 | €183,702 | -€33,195 | -15.3% |
| Financial debts | 170/4 | €216,897 | €183,702 | -€33,195 | -15.3% |
| Amounts payable within one year | 42/48 | €49,502 | €54,973 | +€5,471 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €32,103 | €33,195 | +€1,092 | +3.4% |
| Trade debts | 44 | €2,527 | €5,253 | +€2,726 | +108% |
| Suppliers | 440/4 | €2,527 | €5,253 | +€2,726 | +108% |
| Taxes, remuneration and social security | 45 | €1,871 | €4,043 | +€2,172 | +116% |
| Taxes | 450/3 | €1,871 | €4,043 | +€2,172 | +116% |
| Other amounts payable | 47/48 | €13,001 | €12,482 | -€518 | -4.0% |
| Accrued charges and deferred income | 492/3 | - | €3,330 | +€3,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,484 | €5,015 | +€531 | +11.9% |
| Other operating charges | 640/8 | €1,378 | €1,418 | +€41 | +2.9% |
| Gross operating margin | 9900 | €40,339 | €62,607 | +€22,268 | +55.2% |
| Operating profit (loss) | 9901 | €34,478 | €56,174 | +€21,696 | +62.9% |
| Financial income | 75/76B | €61 | €11,319 | +€11,258 | +18,408% |
| Recurring financial income | 75 | €61 | €11,319 | +€11,258 | +18,408% |
| Financial charges | 65/66B | €319 | €8,359 | +€8,040 | +2,523% |
| Recurring financial charges | 65 | €319 | €8,359 | +€8,040 | +2,523% |
| Profit (loss) for the period before taxes | 9903 | €34,220 | €59,134 | +€24,914 | +72.8% |
| Income taxes | 67/77 | €11,188 | €17,100 | +€5,913 | +52.9% |
| Profit (loss) for the period | 9904 | €23,033 | €42,034 | +€19,001 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,033 | €42,034 | +€19,001 | +82.5% |
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 28 October 2026 via checked.be.