MATIN: what changed
Two fiscal 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.
MATIN
Largest movements
- Cash +€63,397
up €63,397 (+11.4%), from €557,387 to €620,785
mainly Net result for the year (+€42,962) and Depreciation (+€35,373)
- Tangible fixed assets -€30,881
down €30,881 (-1.4%), from €2.1m to €2.1m
of which Furniture and vehicles: -€30,328
- Reserves +€42,962
up €42,962 (+17.9%), from €240,356 to €283,318
- Turnover +€146,289
new in 2025: €146,289
- Purchases and services +€56,228
new in 2025: €56,228
- Gross operating margin -€25,398
down €25,398 (-17.7%), from €143,735 to €118,337
- Taxes -€9,697
down €9,697 (-28.1%), from €34,467 to €24,771
- Depreciation +€9,074
up €9,074 (+34.5%), from €26,299 to €35,373
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 | €2,748,778 | €2,768,888 | +€20,110 | +0.7% |
| Fixed assets | 21/28 | €2,147,961 | €2,117,080 | -€30,881 | -1.4% |
| Tangible fixed assets | 22/27 | €2,147,821 | €2,116,940 | -€30,881 | -1.4% |
| Land and buildings | 22 | €2,008,128 | €2,009,676 | +€1,548 | +0.1% |
| Plant, machinery and equipment | 23 | €13,648 | €11,547 | -€2,101 | -15.4% |
| Furniture and vehicles | 24 | €126,045 | €95,717 | -€30,328 | -24.1% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €600,817 | €651,808 | +€50,992 | +8.5% |
| Amounts receivable within one year | 40/41 | €36,777 | €24,870 | -€11,907 | -32.4% |
| Trade receivables | 40 | €30,020 | €20,942 | -€9,078 | -30.2% |
| Other amounts receivable | 41 | €6,757 | €3,928 | -€2,829 | -41.9% |
| Cash at bank and in hand | 54/58 | €557,387 | €620,785 | +€63,397 | +11.4% |
| Deferred charges and accrued income | 490/1 | €6,652 | €6,153 | -€499 | -7.5% |
| Total equity and liabilities | 10/49 | €2,748,778 | €2,768,888 | +€20,110 | +0.7% |
| Equity | 10/15 | €2,678,722 | €2,736,931 | +€58,209 | +2.2% |
| Contributions | 10/11 | €2,176,000 | €2,176,000 | = | 0.0% |
| Revaluation surpluses | 12 | €304,315 | €319,562 | +€15,247 | +5.0% |
| Reserves | 13 | €240,356 | €283,318 | +€42,962 | +17.9% |
| Distributable reserves | 133 | €240,356 | €283,318 | +€42,962 | +17.9% |
| Profit (loss) carried forward | 14 | -€41,949 | -€41,949 | = | 0.0% |
| Amounts payable | 17/49 | €70,056 | €31,957 | -€38,099 | -54.4% |
| Amounts payable within one year | 42/48 | €70,056 | €31,957 | -€38,099 | -54.4% |
| Trade debts | 44 | €19,027 | €1,264 | -€17,763 | -93.4% |
| Suppliers | 440/4 | €19,027 | €1,264 | -€17,763 | -93.4% |
| Taxes, remuneration and social security | 45 | €38,141 | €28,330 | -€9,810 | -25.7% |
| Taxes | 450/3 | €35,999 | €26,127 | -€9,871 | -27.4% |
| Remuneration and social security | 454/9 | €2,142 | €2,203 | +€61 | +2.9% |
| Other amounts payable | 47/48 | €12,888 | €2,363 | -€10,526 | -81.7% |
| Turnover | 70 | - | €146,289 | +€146,289 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €56,228 | +€56,228 | |
| Remuneration, social security and pensions | 62 | €9,943 | €10,197 | +€254 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,299 | €35,373 | +€9,074 | +34.5% |
| Other operating charges | 640/8 | €6,197 | €4,856 | -€1,341 | -21.6% |
| Gross operating margin | 9900 | €143,735 | €118,337 | -€25,398 | -17.7% |
| Operating profit (loss) | 9901 | €101,296 | €67,911 | -€33,385 | -33.0% |
| Financial charges | 65/66B | €133 | €178 | +€45 | +33.8% |
| Recurring financial charges | 65 | €133 | €178 | +€45 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €101,163 | €67,733 | -€33,430 | -33.0% |
| Income taxes | 67/77 | €34,467 | €24,771 | -€9,697 | -28.1% |
| Profit (loss) for the period | 9904 | €66,695 | €42,962 | -€23,733 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,695 | €42,962 | -€23,733 | -35.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.