MATIMMO: 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.
MATIMMO
Largest movements
- Current investments +€55,099
up €55,099 (+267.2%), from €20,622 to €75,721
- Receivables within one year +€47,354
up €47,354 (+23.0%), from €205,957 to €253,311
of which Other amounts receivable: +€29,631
- Cash +€20,097
up €20,097 (+23.2%), from €86,741 to €106,838
mainly Net result for the year (+€103,382) and Other debts (+€88,851)
- Other debts +€88,851
up €88,851 (+117.0%), from €75,919 to €164,770
- Reserves +€18,632
up €18,632 (+6.8%), from €273,899 to €292,531
of which Distributable reserves: +€18,632
- Tax, wage and social debts +€15,267
up €15,267 (+1035.1%), from €1,475 to €16,742
of which Taxes: +€15,219
- Gross operating margin +€104,712
up €104,712 (+227.6%), from €45,997 to €150,709
- Taxes +€33,472
up €33,472 (+414.4%), from €8,078 to €41,550
- Other operating charges -€1,829
down €1,829 (-70.4%), from €2,599 to €770
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 | €365,356 | €490,044 | +€124,688 | +34.1% |
| Fixed assets | 21/28 | €26,326 | €28,448 | +€2,122 | +8.1% |
| Tangible fixed assets | 22/27 | €23,326 | €25,448 | +€2,122 | +9.1% |
| Plant, machinery and equipment | 23 | €10,126 | €8,650 | -€1,476 | -14.6% |
| Furniture and vehicles | 24 | €8,043 | €9,588 | +€1,545 | +19.2% |
| Other tangible fixed assets | 26 | €5,157 | €7,210 | +€2,053 | +39.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €339,030 | €461,596 | +€122,566 | +36.2% |
| Amounts receivable after more than one year | 29 | €25,400 | €25,400 | = | 0.0% |
| Other amounts receivable | 291 | €25,400 | €25,400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €205,957 | €253,311 | +€47,354 | +23.0% |
| Trade receivables | 40 | €1,116 | €18,839 | +€17,723 | +1588.1% |
| Other amounts receivable | 41 | €204,841 | €234,472 | +€29,631 | +14.5% |
| Current investments | 50/53 | €20,622 | €75,721 | +€55,099 | +267.2% |
| Cash at bank and in hand | 54/58 | €86,741 | €106,838 | +€20,097 | +23.2% |
| Deferred charges and accrued income | 490/1 | €310 | €326 | +€16 | +5.2% |
| Total equity and liabilities | 10/49 | €365,356 | €490,044 | +€124,688 | +34.1% |
| Equity | 10/15 | €280,099 | €298,731 | +€18,632 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,899 | €292,531 | +€18,632 | +6.8% |
| Tax-exempt reserves | 132 | €138 | €138 | = | 0.0% |
| Distributable reserves | 133 | €273,761 | €292,393 | +€18,632 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,257 | €191,313 | +€106,056 | +124.4% |
| Amounts payable within one year | 42/48 | €85,257 | €191,313 | +€106,056 | +124.4% |
| Trade debts | 44 | €7,863 | €9,801 | +€1,938 | +24.6% |
| Suppliers | 440/4 | €7,863 | €9,801 | +€1,938 | +24.6% |
| Taxes, remuneration and social security | 45 | €1,475 | €16,742 | +€15,267 | +1035.1% |
| Taxes | 450/3 | €1,475 | €16,694 | +€15,219 | +1031.8% |
| Remuneration and social security | 454/9 | - | €48 | +€48 | |
| Other amounts payable | 47/48 | €75,919 | €164,770 | +€88,851 | +117.0% |
| Remuneration, social security and pensions | 62 | - | €1,048 | +€1,048 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €4,991 | -€807 | -13.9% |
| Other operating charges | 640/8 | €2,599 | €770 | -€1,829 | -70.4% |
| Gross operating margin | 9900 | €45,997 | €150,709 | +€104,712 | +227.6% |
| Operating profit (loss) | 9901 | €37,600 | €143,900 | +€106,300 | +282.7% |
| Financial income | 75/76B | €1,449 | €1,414 | -€35 | -2.4% |
| Recurring financial income | 75 | €1,449 | €1,414 | -€35 | -2.4% |
| Financial charges | 65/66B | €481 | €382 | -€99 | -20.6% |
| Recurring financial charges | 65 | €481 | €382 | -€99 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €38,568 | €144,932 | +€106,364 | +275.8% |
| Income taxes | 67/77 | €8,078 | €41,550 | +€33,472 | +414.4% |
| Profit (loss) for the period | 9904 | €30,490 | €103,382 | +€72,892 | +239.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,490 | €103,382 | +€72,892 | +239.1% |
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 11 October 2026 via checked.be.