MATINAT: 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.
MATINAT
Largest movements
- Tangible fixed assets -€1,618
down €1,618 (-38.0%), from €4,260 to €2,642
of which Furniture and vehicles: -€1,112
- Cash +€435
up €435 (+2.7%), from €16,004 to €16,439
mainly Depreciation (+€1,618) and Trade debts (+€1,311)
- Receivables within one year -€258
down €258 (-8.2%), from €3,140 to €2,882
- Tax, wage and social debts -€2,310
down €2,310 (-50.2%), from €4,602 to €2,292
- Trade debts +€1,311
new in 2025: €1,311
- Profit (loss) carried forward -€352
down €352 (-2.7%), from -€13,292 to -€13,645
- Gross operating margin -€6,105
down €6,105 (-61.0%), from €10,014 to €3,909
- Turnover -€3,292
down €3,292 (-7.7%), from €43,022 to €39,730
- Taxes -€2,649
down €2,649 (-88.1%), from €3,008 to €359
- Purchases and services +€2,635
up €2,635 (+7.3%), from €35,969 to €38,605
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 | €24,858 | €23,418 | -€1,440 | -5.8% |
| Fixed assets | 21/28 | €5,215 | €3,597 | -€1,618 | -31.0% |
| Tangible fixed assets | 22/27 | €4,260 | €2,642 | -€1,618 | -38.0% |
| Plant, machinery and equipment | 23 | €1,928 | €1,423 | -€506 | -26.2% |
| Furniture and vehicles | 24 | €2,331 | €1,219 | -€1,112 | -47.7% |
| Financial fixed assets | 28 | €956 | €956 | = | 0.0% |
| Current assets | 29/58 | €19,643 | €19,821 | +€178 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,140 | €2,882 | -€258 | -8.2% |
| Other amounts receivable | 41 | €3,140 | €2,882 | -€258 | -8.2% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,004 | €16,439 | +€435 | +2.7% |
| Total equity and liabilities | 10/49 | €24,858 | €23,418 | -€1,440 | -5.8% |
| Equity | 10/15 | €20,168 | €19,815 | -€352 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,860 | €14,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,292 | -€13,645 | -€352 | -2.7% |
| Amounts payable | 17/49 | €4,691 | €3,603 | -€1,088 | -23.2% |
| Amounts payable within one year | 42/48 | €4,691 | €3,603 | -€1,088 | -23.2% |
| Financial debts | 43 | €88 | - | -€88 | |
| Credit institutions | 430/8 | €88 | - | -€88 | |
| Trade debts | 44 | - | €1,311 | +€1,311 | |
| Suppliers | 440/4 | - | €1,311 | +€1,311 | |
| Taxes, remuneration and social security | 45 | €4,602 | €2,292 | -€2,310 | -50.2% |
| Taxes | 450/3 | €4,602 | €2,292 | -€2,310 | -50.2% |
| Turnover | 70 | €43,022 | €39,730 | -€3,292 | -7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,969 | €38,605 | +€2,635 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | €1,618 | +€134 | +9.0% |
| Other operating charges | 640/8 | €2,118 | €2,374 | +€256 | +12.1% |
| Gross operating margin | 9900 | €10,014 | €3,909 | -€6,105 | -61.0% |
| Operating profit (loss) | 9901 | €6,413 | -€83 | -€6,495 | |
| Financial income | 75/76B | €184 | €140 | -€44 | -24.1% |
| Recurring financial income | 75 | €184 | €140 | -€44 | -24.1% |
| Financial charges | 65/66B | €62 | €51 | -€11 | -17.3% |
| Recurring financial charges | 65 | €62 | €51 | -€11 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €6,536 | €6 | -€6,529 | -99.9% |
| Income taxes | 67/77 | €3,008 | €359 | -€2,649 | -88.1% |
| Profit (loss) for the period | 9904 | €3,528 | -€352 | -€3,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,528 | -€352 | -€3,880 |
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.