MATINIC: 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.
MATINIC
Largest movements
- Receivables within one year -€34,889
down €34,889 (-74.1%), from €47,097 to €12,207
of which Trade receivables: -€22,518
- Cash +€6,453
up €6,453 (+19.9%), from €32,395 to €38,848
mainly Receivables within one year (+€34,889) and Net result for the year (+€3,708)
- Tangible fixed assets -€3,679
down €3,679 (-21.0%), from €17,476 to €13,797
of which Furniture and vehicles: -€2,365
- Reserves -€21,292
down €21,292 (-27.3%), from €77,898 to €56,606
- Tax, wage and social debts -€11,109
down €11,109 (-98.9%), from €11,234 to €125
of which Taxes: -€8,096
- Trade debts +€984
up €984 (+90.0%), from €1,094 to €2,078
- Gross operating margin -€18,384
down €18,384 (-61.1%), from €30,069 to €11,684
- Taxes -€5,160
down €5,160 (-64.1%), from €8,044 to €2,884
- Financial income -€1,347
down €1,347 (-75.1%), from €1,793 to €446
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 | €96,967 | €65,009 | -€31,958 | -33.0% |
| Fixed assets | 21/28 | €17,476 | €13,797 | -€3,679 | -21.0% |
| Tangible fixed assets | 22/27 | €17,476 | €13,797 | -€3,679 | -21.0% |
| Furniture and vehicles | 24 | €9,040 | €6,675 | -€2,365 | -26.2% |
| Other tangible fixed assets | 26 | €8,436 | €7,122 | -€1,314 | -15.6% |
| Current assets | 29/58 | €79,491 | €51,212 | -€28,279 | -35.6% |
| Amounts receivable within one year | 40/41 | €47,097 | €12,207 | -€34,889 | -74.1% |
| Trade receivables | 40 | €22,518 | €0 | -€22,518 | -100% |
| Other amounts receivable | 41 | €24,579 | €12,207 | -€12,372 | -50.3% |
| Cash at bank and in hand | 54/58 | €32,395 | €38,848 | +€6,453 | +19.9% |
| Deferred charges and accrued income | 490/1 | - | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €96,967 | €65,009 | -€31,958 | -33.0% |
| Equity | 10/15 | €84,098 | €62,806 | -€21,292 | -25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,898 | €56,606 | -€21,292 | -27.3% |
| Distributable reserves | 133 | €77,898 | €56,606 | -€21,292 | -27.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,869 | €2,203 | -€10,666 | -82.9% |
| Amounts payable within one year | 42/48 | €12,328 | €2,203 | -€10,124 | -82.1% |
| Trade debts | 44 | €1,094 | €2,078 | +€984 | +90.0% |
| Suppliers | 440/4 | €1,094 | €2,078 | +€984 | +90.0% |
| Taxes, remuneration and social security | 45 | €11,234 | €125 | -€11,109 | -98.9% |
| Taxes | 450/3 | €8,221 | €125 | -€8,096 | -98.5% |
| Remuneration and social security | 454/9 | €3,013 | €0 | -€3,013 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €542 | €0 | -€542 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,492 | €3,679 | +€186 | +5.3% |
| Other operating charges | 640/8 | €834 | €1,025 | +€191 | +23.0% |
| Non-recurring operating charges | 66A | €211 | €0 | -€211 | -100% |
| Gross operating margin | 9900 | €30,069 | €11,684 | -€18,384 | -61.1% |
| Operating profit (loss) | 9901 | €25,532 | €6,981 | -€18,551 | -72.7% |
| Financial income | 75/76B | €1,793 | €446 | -€1,347 | -75.1% |
| Recurring financial income | 75 | €1,793 | €446 | -€1,347 | -75.1% |
| Financial charges | 65/66B | €578 | €834 | +€256 | +44.3% |
| Recurring financial charges | 65 | €578 | €834 | +€256 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €26,746 | €6,592 | -€20,154 | -75.4% |
| Income taxes | 67/77 | €8,044 | €2,884 | -€5,160 | -64.1% |
| Profit (loss) for the period | 9904 | €18,702 | €3,708 | -€14,994 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,702 | €3,708 | -€14,994 | -80.2% |
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 19 October 2026 via checked.be.