MATIKA: 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.
MATIKA
Largest movements
- Cash +€225,034
up €225,034 (+299%), from €75,343 to €300,376
mainly Depreciation (+€277,327) and Short-term financial debts (+€225,000)
- Stocks and contracts +€201,009
up €201,009 (+121%), from €166,417 to €367,426
- Tangible fixed assets -€184,932
down €184,932 (-12.9%), from €1.4m to €1.2m
of which Land and buildings: -€118,867
- Receivables within one year -€56,364
down €56,364 (-20.7%), from €272,922 to €216,558
of which Trade receivables: -€31,651
- Short-term financial debts +€225,000
up €225,000 (+150%), from €150,000 to €375,000
- Current portion of long-term debt -€99,082
down €99,082 (-41.3%), from €239,811 to €140,729
- Trade debts -€75,310
down €75,310 (-48.3%), from €155,766 to €80,456
- Reserves +€73,861
up €73,861 (+15.6%), from €472,886 to €546,746
- Tax, wage and social debts +€41,811
up €41,811 (+480%), from €8,706 to €50,516
of which Taxes: +€41,372
- Gross operating margin +€221,796
up €221,796 (+33.1%), from €669,862 to €891,658
- Staff costs +€138,893
up €138,893 (+46.7%), from €297,507 to €436,400
- Financial charges +€15,523
up €15,523 (+23.8%), from €65,324 to €80,847
- Depreciation +€15,137
up €15,137 (+5.8%), from €262,190 to €277,327
- Taxes +€10,752
up €10,752 (+178%), from €6,055 to €16,807
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 | €1,957,305 | €2,140,892 | +€183,586 | +9.4% |
| Fixed assets | 21/28 | €1,436,570 | €1,251,637 | -€184,932 | -12.9% |
| Tangible fixed assets | 22/27 | €1,433,721 | €1,248,788 | -€184,932 | -12.9% |
| Land and buildings | 22 | €1,123,679 | €1,004,811 | -€118,867 | -10.6% |
| Plant, machinery and equipment | 23 | €283,714 | €186,620 | -€97,094 | -34.2% |
| Furniture and vehicles | 24 | €26,328 | €57,357 | +€31,029 | +118% |
| Financial fixed assets | 28 | €2,849 | €2,849 | = | 0.0% |
| Current assets | 29/58 | €520,736 | €889,255 | +€368,519 | +70.8% |
| Stocks and contracts in progress | 3 | €166,417 | €367,426 | +€201,009 | +121% |
| Stocks | 30/36 | €166,417 | €367,426 | +€201,009 | +121% |
| Amounts receivable within one year | 40/41 | €272,922 | €216,558 | -€56,364 | -20.7% |
| Trade receivables | 40 | €226,116 | €194,465 | -€31,651 | -14.0% |
| Other amounts receivable | 41 | €46,806 | €22,093 | -€24,712 | -52.8% |
| Cash at bank and in hand | 54/58 | €75,343 | €300,376 | +€225,034 | +299% |
| Deferred charges and accrued income | 490/1 | €6,055 | €4,894 | -€1,160 | -19.2% |
| Total equity and liabilities | 10/49 | €1,957,305 | €2,140,892 | +€183,586 | +9.4% |
| Equity | 10/15 | €539,536 | €613,396 | +€73,861 | +13.7% |
| Contributions | 10/11 | €66,650 | €66,650 | = | 0.0% |
| Reserves | 13 | €472,886 | €546,746 | +€73,861 | +15.6% |
| Distributable reserves | 133 | €472,886 | €546,746 | +€73,861 | +15.6% |
| Amounts payable | 17/49 | €1,417,770 | €1,527,496 | +€109,726 | +7.7% |
| Amounts payable after more than one year | 17 | €799,969 | €802,499 | +€2,530 | +0.3% |
| Financial debts | 170/4 | €799,969 | €802,499 | +€2,530 | +0.3% |
| Amounts payable within one year | 42/48 | €614,490 | €692,597 | +€78,107 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €239,811 | €140,729 | -€99,082 | -41.3% |
| Financial debts | 43 | €150,000 | €375,000 | +€225,000 | +150% |
| Credit institutions | 430/8 | €150,000 | €375,000 | +€225,000 | +150% |
| Trade debts | 44 | €155,766 | €80,456 | -€75,310 | -48.3% |
| Suppliers | 440/4 | €155,766 | €80,456 | -€75,310 | -48.3% |
| Taxes, remuneration and social security | 45 | €8,706 | €50,516 | +€41,811 | +480% |
| Taxes | 450/3 | €6,837 | €48,210 | +€41,372 | +605% |
| Remuneration and social security | 454/9 | €1,868 | €2,306 | +€438 | +23.5% |
| Other amounts payable | 47/48 | €60,208 | €45,896 | -€14,311 | -23.8% |
| Accrued charges and deferred income | 492/3 | €3,311 | €32,400 | +€29,089 | +878% |
| Remuneration, social security and pensions | 62 | €297,507 | €436,400 | +€138,893 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,190 | €277,327 | +€15,137 | +5.8% |
| Other operating charges | 640/8 | €7,004 | €7,688 | +€683 | +9.8% |
| Gross operating margin | 9900 | €669,862 | €891,658 | +€221,796 | +33.1% |
| Operating profit (loss) | 9901 | €103,161 | €170,243 | +€67,082 | +65.0% |
| Financial income | 75/76B | €916 | €1,272 | +€356 | +38.8% |
| Recurring financial income | 75 | €916 | €1,272 | +€356 | +38.8% |
| Financial charges | 65/66B | €65,324 | €80,847 | +€15,523 | +23.8% |
| Recurring financial charges | 65 | €65,324 | €80,847 | +€15,523 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €38,753 | €90,668 | +€51,915 | +134% |
| Income taxes | 67/77 | €6,055 | €16,807 | +€10,752 | +178% |
| Profit (loss) for the period | 9904 | €32,697 | €73,861 | +€41,163 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €32,697 | €73,861 | +€41,163 | +126% |
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 16 October 2026 via checked.be.