MATINO: 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.
MATINO
Largest movements
- Cash +€32,809
up €32,809 (+123.7%), from €26,528 to €59,337
mainly Other debts (+€100,000) and Net result for the year (+€35,243)
- Tangible fixed assets -€17,379
down €17,379 (-11.7%), from €148,576 to €131,197
of which Land and buildings: -€16,126
- Receivables within one year -€9,578
down €9,578 (-7.7%), from €124,493 to €114,915
of which Trade receivables: -€10,470
- Other debts +€100,000
new in 2024: €100,000
- Profit (loss) carried forward -€99,957
down €99,957 (-67.8%), from €147,330 to €47,373
- Reserves +€35,200
new in 2024: €35,200
- Debts after one year -€21,179
down €21,179 (-20.1%), from €105,369 to €84,190
- Trade debts -€3,453
down €3,453 (-19.1%), from €18,089 to €14,636
- Gross operating margin +€23,906
up €23,906 (+40.5%), from €59,038 to €82,944
- Taxes +€11,990
up €11,990 (+410.9%), from €2,918 to €14,908
- Staff costs -€9,940
down €9,940 (-66.9%), from €14,862 to €4,922
- Depreciation -€3,098
down €3,098 (-15.1%), from €20,477 to €17,379
- Financial charges -€2,691
down €2,691 (-29.8%), from €9,025 to €6,334
of which Non-recurring financial charges: -€1,895
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,385 | €334,756 | +€6,371 | +1.9% |
| Fixed assets | 21/28 | €169,346 | €151,967 | -€17,379 | -10.3% |
| Tangible fixed assets | 22/27 | €148,576 | €131,197 | -€17,379 | -11.7% |
| Land and buildings | 22 | €136,884 | €120,758 | -€16,126 | -11.8% |
| Plant, machinery and equipment | 23 | €11,692 | €10,439 | -€1,253 | -10.7% |
| Financial fixed assets | 28 | €20,770 | €20,770 | = | 0.0% |
| Current assets | 29/58 | €159,039 | €182,789 | +€23,750 | +14.9% |
| Stocks and contracts in progress | 3 | €6,800 | €7,300 | +€500 | +7.4% |
| Stocks | 30/36 | €6,800 | €7,300 | +€500 | +7.4% |
| Amounts receivable within one year | 40/41 | €124,493 | €114,915 | -€9,578 | -7.7% |
| Trade receivables | 40 | €19,459 | €8,989 | -€10,470 | -53.8% |
| Other amounts receivable | 41 | €105,034 | €105,926 | +€892 | +0.8% |
| Cash at bank and in hand | 54/58 | €26,528 | €59,337 | +€32,809 | +123.7% |
| Deferred charges and accrued income | 490/1 | €1,218 | €1,237 | +€19 | +1.6% |
| Total equity and liabilities | 10/49 | €328,385 | €334,756 | +€6,371 | +1.9% |
| Equity | 10/15 | €165,930 | €101,173 | -€64,757 | -39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €35,200 | +€35,200 | |
| Distributable reserves | 133 | - | €35,200 | +€35,200 | |
| Profit (loss) carried forward | 14 | €147,330 | €47,373 | -€99,957 | -67.8% |
| Amounts payable | 17/49 | €162,455 | €233,583 | +€71,128 | +43.8% |
| Amounts payable after more than one year | 17 | €105,369 | €84,190 | -€21,179 | -20.1% |
| Financial debts | 170/4 | €105,369 | €84,190 | -€21,179 | -20.1% |
| Amounts payable within one year | 42/48 | €57,086 | €149,393 | +€92,307 | +161.7% |
| Current portion of amounts payable after more than one year | 42 | €21,749 | €21,178 | -€571 | -2.6% |
| Financial debts | 43 | €2,749 | - | -€2,749 | |
| Credit institutions | 430/8 | €2,749 | - | -€2,749 | |
| Trade debts | 44 | €18,089 | €14,636 | -€3,453 | -19.1% |
| Suppliers | 440/4 | €18,089 | €14,636 | -€3,453 | -19.1% |
| Taxes, remuneration and social security | 45 | €14,499 | €13,579 | -€920 | -6.3% |
| Taxes | 450/3 | €13,797 | €13,579 | -€218 | -1.6% |
| Remuneration and social security | 454/9 | €702 | - | -€702 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Remuneration, social security and pensions | 62 | €14,862 | €4,922 | -€9,940 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,477 | €17,379 | -€3,098 | -15.1% |
| Other operating charges | 640/8 | €4,436 | €4,158 | -€278 | -6.3% |
| Gross operating margin | 9900 | €59,038 | €82,944 | +€23,906 | +40.5% |
| Operating profit (loss) | 9901 | €19,263 | €56,485 | +€37,222 | +193.2% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Non-recurring financial income | 76B | €26 | - | -€26 | |
| Financial charges | 65/66B | €9,025 | €6,334 | -€2,691 | -29.8% |
| Recurring financial charges | 65 | €7,130 | €6,334 | -€796 | -11.2% |
| Non-recurring financial charges | 66B | €1,895 | - | -€1,895 | |
| Profit (loss) for the period before taxes | 9903 | €10,264 | €50,151 | +€39,887 | +388.6% |
| Income taxes | 67/77 | €2,918 | €14,908 | +€11,990 | +410.9% |
| Profit (loss) for the period | 9904 | €7,346 | €35,243 | +€27,897 | +379.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,346 | €35,243 | +€27,897 | +379.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.