MATIMCO: 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.
MATIMCO
Largest movements
- Tangible fixed assets +€159,749
up €159,749 (+10.8%), from €1.5m to €1.6m
of which Other tangible fixed assets: +€178,552
- Cash -€73,980
down €73,980 (-19.4%), from €381,921 to €307,941
mainly Investment in fixed assets (net) (-€309,975) and Deferred charges and accrued income (-€15,404)
- Debts after one year +€53,281
up €53,281 (+59.9%), from €88,938 to €142,219
- Reserves +€21,598
up €21,598 (+9.4%), from €229,211 to €250,809
of which Distributable reserves: +€21,598
- Depreciation +€10,248
up €10,248 (+7.3%), from €139,978 to €150,226
- Gross operating margin +€6,379
up €6,379 (+2.9%), from €219,701 to €226,080
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 | €1,887,342 | €1,988,110 | +€100,769 | +5.3% |
| Fixed assets | 21/28 | €1,477,623 | €1,637,371 | +€159,749 | +10.8% |
| Tangible fixed assets | 22/27 | €1,477,623 | €1,637,371 | +€159,749 | +10.8% |
| Land and buildings | 22 | €602,571 | €593,571 | -€9,000 | -1.5% |
| Furniture and vehicles | 24 | €48,654 | €38,850 | -€9,804 | -20.1% |
| Other tangible fixed assets | 26 | €826,398 | €1,004,951 | +€178,552 | +21.6% |
| Current assets | 29/58 | €409,719 | €350,739 | -€58,980 | -14.4% |
| Amounts receivable within one year | 40/41 | €404 | - | -€404 | |
| Other amounts receivable | 41 | €404 | - | -€404 | |
| Cash at bank and in hand | 54/58 | €381,921 | €307,941 | -€73,980 | -19.4% |
| Deferred charges and accrued income | 490/1 | €27,394 | €42,798 | +€15,404 | +56.2% |
| Total equity and liabilities | 10/49 | €1,887,342 | €1,988,110 | +€100,769 | +5.3% |
| Equity | 10/15 | €1,781,211 | €1,802,809 | +€21,598 | +1.2% |
| Contributions | 10/11 | €1,552,000 | €1,552,000 | = | 0.0% |
| Capital | 10 | €1,552,000 | €1,552,000 | = | 0.0% |
| Issued capital | 100 | €1,552,000 | €1,552,000 | = | 0.0% |
| Reserves | 13 | €229,211 | €250,809 | +€21,598 | +9.4% |
| Non-distributable reserves | 130/1 | €155,200 | €155,200 | = | 0.0% |
| Legal reserve | 130 | €155,200 | €155,200 | = | 0.0% |
| Distributable reserves | 133 | €74,011 | €95,609 | +€21,598 | +29.2% |
| Amounts payable | 17/49 | €106,131 | €185,302 | +€79,171 | +74.6% |
| Amounts payable after more than one year | 17 | €88,938 | €142,219 | +€53,281 | +59.9% |
| Other amounts payable | 178/9 | €88,938 | €142,219 | +€53,281 | +59.9% |
| Amounts payable within one year | 42/48 | €12,874 | €37,961 | +€25,087 | +195% |
| Trade debts | 44 | €343 | €15,854 | +€15,511 | +4,526% |
| Suppliers | 440/4 | €343 | €15,854 | +€15,511 | +4,526% |
| Taxes, remuneration and social security | 45 | €5,939 | €11,257 | +€5,318 | +89.6% |
| Taxes | 450/3 | €5,939 | €11,257 | +€5,318 | +89.6% |
| Other amounts payable | 47/48 | €6,592 | €10,850 | +€4,257 | +64.6% |
| Accrued charges and deferred income | 492/3 | €4,319 | €5,122 | +€803 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,978 | €150,226 | +€10,248 | +7.3% |
| Other operating charges | 640/8 | €40,736 | €42,960 | +€2,224 | +5.5% |
| Gross operating margin | 9900 | €219,701 | €226,080 | +€6,379 | +2.9% |
| Operating profit (loss) | 9901 | €38,987 | €32,895 | -€6,093 | -15.6% |
| Financial income | 75/76B | €1,684 | €1,892 | +€207 | +12.3% |
| Recurring financial income | 75 | €1,684 | €1,892 | +€207 | +12.3% |
| Financial charges | 65/66B | €7,209 | €6,438 | -€771 | -10.7% |
| Recurring financial charges | 65 | €7,209 | €6,438 | -€771 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €33,463 | €28,348 | -€5,115 | -15.3% |
| Income taxes | 67/77 | €5,697 | €6,750 | +€1,053 | +18.5% |
| Profit (loss) for the period | 9904 | €27,766 | €21,598 | -€6,168 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,766 | €21,598 | -€6,168 | -22.2% |
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 14 October 2026 via checked.be.