MATILO: 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.
MATILO
Largest movements
- Tangible fixed assets -€27,794
down €27,794 (-8.9%), from €311,392 to €283,598
of which Land and buildings: -€25,996
- Receivables within one year +€7,708
up €7,708 (+146%), from €5,289 to €12,997
of which Other amounts receivable: +€7,708
- Profit (loss) carried forward -€28,965
down €28,965 (-6.3%), from -€457,530 to -€486,495
- Debts after one year +€24,247
up €24,247 (+3.0%), from €807,762 to €832,009
of which Other amounts payable: +€67,534
- Trade debts -€14,964
down €14,964 (-66.5%), from €22,486 to €7,523
- Gross operating margin -€4,908
down €4,908 (-13.0%), from €37,831 to €32,923
- Financial charges -€2,054
down €2,054 (-10.7%), from €19,169 to €17,115
- Other operating charges +€1,063
up €1,063 (+8.4%), from €12,585 to €13,648
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 | €741,985 | €723,043 | -€18,942 | -2.6% |
| Fixed assets | 21/28 | €735,805 | €704,826 | -€30,978 | -4.2% |
| Intangible fixed assets | 21 | €4,361 | €1,177 | -€3,184 | -73.0% |
| Tangible fixed assets | 22/27 | €311,392 | €283,598 | -€27,794 | -8.9% |
| Land and buildings | 22 | €301,803 | €275,807 | -€25,996 | -8.6% |
| Plant, machinery and equipment | 23 | €9,589 | €7,791 | -€1,798 | -18.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €420,052 | €420,052 | = | 0.0% |
| Current assets | 29/58 | €6,180 | €18,216 | +€12,036 | +195% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,289 | €12,997 | +€7,708 | +146% |
| Trade receivables | 40 | €5,289 | €5,289 | = | 0.0% |
| Other amounts receivable | 41 | - | €7,708 | +€7,708 | |
| Cash at bank and in hand | 54/58 | €256 | €4,546 | +€4,290 | +1,676% |
| Deferred charges and accrued income | 490/1 | €635 | €673 | +€38 | +6.0% |
| Total equity and liabilities | 10/49 | €741,985 | €723,043 | -€18,942 | -2.6% |
| Equity | 10/15 | -€262,530 | -€291,495 | -€28,965 | -11.0% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€457,530 | -€486,495 | -€28,965 | -6.3% |
| Amounts payable | 17/49 | €1,004,515 | €1,014,537 | +€10,022 | +1.0% |
| Amounts payable after more than one year | 17 | €807,762 | €832,009 | +€24,247 | +3.0% |
| Financial debts | 170/4 | €558,928 | €515,641 | -€43,287 | -7.7% |
| Other amounts payable | 178/9 | €248,834 | €316,368 | +€67,534 | +27.1% |
| Amounts payable within one year | 42/48 | €196,753 | €182,529 | -€14,224 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €48,271 | €49,271 | +€1,000 | +2.1% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €22,486 | €7,523 | -€14,964 | -66.5% |
| Suppliers | 440/4 | €22,486 | €7,523 | -€14,964 | -66.5% |
| Taxes, remuneration and social security | 45 | €996 | €735 | -€261 | -26.2% |
| Taxes | 450/3 | €996 | €735 | -€261 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,094 | €30,978 | -€116 | -0.4% |
| Other operating charges | 640/8 | €12,585 | €13,648 | +€1,063 | +8.4% |
| Gross operating margin | 9900 | €37,831 | €32,923 | -€4,908 | -13.0% |
| Operating profit (loss) | 9901 | -€5,848 | -€11,703 | -€5,855 | -100% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €19,169 | €17,115 | -€2,054 | -10.7% |
| Recurring financial charges | 65 | €19,169 | €17,115 | -€2,054 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,017 | -€28,818 | -€3,801 | -15.2% |
| Income taxes | 67/77 | €146 | €147 | +€0 | +0.1% |
| Profit (loss) for the period | 9904 | -€25,164 | -€28,965 | -€3,801 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,164 | -€28,965 | -€3,801 | -15.1% |
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 27 October 2026 via checked.be.