MATIF: 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.
MATIF
Largest movements
- Tangible fixed assets -€5,439
down €5,439 (-47.9%), from €11,366 to €5,927
- Receivables within one year +€2,938
up €2,938 (+10.6%), from €27,793 to €30,731
- Cash -€2,914
down €2,914 (-49.2%), from €5,919 to €3,006
mainly Tax, wage and social debts (-€10,173) and Receivables within one year (-€2,938)
- Intangible fixed assets -€850
down €850 (-16.7%), from €5,100 to €4,250
- Tax, wage and social debts -€10,173
down €10,173 (-58.8%), from €17,304 to €7,131
of which Remuneration and social security: -€9,465
- Profit (loss) carried forward +€3,981
up €3,981 (+48.3%), from €8,239 to €12,220
- Advances received +€2,921
new in 2025: €2,921
- Trade debts -€2,543
down €2,543 (-24.2%), from €10,490 to €7,947
- Staff costs -€23,281
down €23,281 (-23.0%), from €101,027 to €77,746
- Gross operating margin -€12,632
down €12,632 (-12.5%), from €101,083 to €88,451
- Taxes -€1,371
no longer reported in 2025 (was €1,371)
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 | €51,033 | €45,218 | -€5,815 | -11.4% |
| Fixed assets | 21/28 | €16,466 | €10,177 | -€6,289 | -38.2% |
| Intangible fixed assets | 21 | €5,100 | €4,250 | -€850 | -16.7% |
| Tangible fixed assets | 22/27 | €11,366 | €5,927 | -€5,439 | -47.9% |
| Plant, machinery and equipment | 23 | €3,291 | €1,703 | -€1,588 | -48.3% |
| Furniture and vehicles | 24 | €5,595 | €2,984 | -€2,611 | -46.7% |
| Other tangible fixed assets | 26 | €2,480 | €1,240 | -€1,240 | -50.0% |
| Current assets | 29/58 | €34,567 | €35,041 | +€474 | +1.4% |
| Stocks and contracts in progress | 3 | €854 | €1,304 | +€450 | +52.7% |
| Stocks | 30/36 | €854 | €1,304 | +€450 | +52.7% |
| Amounts receivable within one year | 40/41 | €27,793 | €30,731 | +€2,938 | +10.6% |
| Other amounts receivable | 41 | €27,793 | €30,731 | +€2,938 | +10.6% |
| Cash at bank and in hand | 54/58 | €5,919 | €3,006 | -€2,914 | -49.2% |
| Total equity and liabilities | 10/49 | €51,033 | €45,218 | -€5,815 | -11.4% |
| Equity | 10/15 | €23,239 | €27,220 | +€3,981 | +17.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,239 | €12,220 | +€3,981 | +48.3% |
| Amounts payable | 17/49 | €27,793 | €17,998 | -€9,795 | -35.2% |
| Amounts payable within one year | 42/48 | €27,793 | €17,998 | -€9,795 | -35.2% |
| Trade debts | 44 | €10,490 | €7,947 | -€2,543 | -24.2% |
| Suppliers | 440/4 | €10,490 | €7,947 | -€2,543 | -24.2% |
| Advances received on contracts in progress | 46 | - | €2,921 | +€2,921 | |
| Taxes, remuneration and social security | 45 | €17,304 | €7,131 | -€10,173 | -58.8% |
| Taxes | 450/3 | €708 | - | -€708 | |
| Remuneration and social security | 454/9 | €16,596 | €7,131 | -€9,465 | -57.0% |
| Remuneration, social security and pensions | 62 | €101,027 | €77,746 | -€23,281 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,287 | €6,289 | +€2 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €101,083 | €88,451 | -€12,632 | -12.5% |
| Operating profit (loss) | 9901 | -€6,618 | €4,016 | +€10,634 | |
| Financial income | 75/76B | - | €61 | +€61 | |
| Recurring financial income | 75 | - | €61 | +€61 | |
| Financial charges | 65/66B | €193 | €96 | -€98 | -50.5% |
| Recurring financial charges | 65 | €193 | €96 | -€98 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,811 | €3,981 | +€10,792 | |
| Income taxes | 67/77 | €1,371 | - | -€1,371 | |
| Profit (loss) for the period | 9904 | -€8,182 | €3,981 | +€12,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,182 | €3,981 | +€12,163 |
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 9 October 2026 via checked.be.