MATINVEST: 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.
MATINVEST
Largest movements
- Cash -€47,129
down €47,129 (-16.1%), from €293,215 to €246,086
mainly Receivables within one year (-€44,734) and Other debts (-€6,073)
- Receivables within one year +€44,734
up €44,734 (+126%), from €35,393 to €80,127
of which Other amounts receivable: +€39,396
- Other debts -€6,073
no longer reported in 2025 (was €6,073)
- Gross operating margin -€3,858
down €3,858 (-48.2%), from €7,997 to €4,139
- Other operating charges -€3,455
down €3,455 (-84.2%), from €4,105 to €650
- Turnover -€2,500
down €2,500 (-10.0%), from €25,000 to €22,500
- Purchases and services +€1,358
up €1,358 (+8.0%), from €17,003 to €18,361
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 | €556,078 | €554,522 | -€1,556 | -0.3% |
| Current assets | 29/58 | €556,078 | €554,522 | -€1,556 | -0.3% |
| Stocks and contracts in progress | 3 | €227,470 | €228,309 | +€839 | +0.4% |
| Stocks | 30/36 | €227,470 | €228,309 | +€839 | +0.4% |
| Amounts receivable within one year | 40/41 | €35,393 | €80,127 | +€44,734 | +126% |
| Trade receivables | 40 | €17,456 | €22,794 | +€5,338 | +30.6% |
| Other amounts receivable | 41 | €17,937 | €57,333 | +€39,396 | +220% |
| Cash at bank and in hand | 54/58 | €293,215 | €246,086 | -€47,129 | -16.1% |
| Total equity and liabilities | 10/49 | €556,078 | €554,522 | -€1,556 | -0.3% |
| Equity | 10/15 | €477,866 | €480,188 | +€2,322 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,874 | €207,874 | = | 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% |
| Tax-exempt reserves | 132 | €206,014 | €206,014 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,392 | €253,714 | +€2,322 | +0.9% |
| Provisions and deferred taxes | 16 | €68,671 | €68,671 | = | 0.0% |
| Deferred taxes | 168 | €68,671 | €68,671 | = | 0.0% |
| Amounts payable | 17/49 | €9,541 | €5,663 | -€3,878 | -40.6% |
| Amounts payable within one year | 42/48 | €9,541 | €5,663 | -€3,878 | -40.6% |
| Trade debts | 44 | - | €1,853 | +€1,853 | |
| Suppliers | 440/4 | - | €1,853 | +€1,853 | |
| Taxes, remuneration and social security | 45 | €3,468 | €3,810 | +€342 | +9.9% |
| Taxes | 450/3 | €3,468 | €3,810 | +€342 | +9.9% |
| Other amounts payable | 47/48 | €6,073 | - | -€6,073 | |
| Turnover | 70 | €25,000 | €22,500 | -€2,500 | -10.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,003 | €18,361 | +€1,358 | +8.0% |
| Other operating charges | 640/8 | €4,105 | €650 | -€3,455 | -84.2% |
| Gross operating margin | 9900 | €7,997 | €4,139 | -€3,858 | -48.2% |
| Operating profit (loss) | 9901 | €3,892 | €3,489 | -€403 | -10.4% |
| Financial charges | 65/66B | €134 | €368 | +€234 | +175% |
| Recurring financial charges | 65 | €134 | €368 | +€234 | +175% |
| Profit (loss) for the period before taxes | 9903 | €3,758 | €3,121 | -€637 | -17.0% |
| Income taxes | 67/77 | €1,031 | €799 | -€232 | -22.5% |
| Profit (loss) for the period | 9904 | €2,727 | €2,322 | -€405 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,727 | €2,322 | -€405 | -14.9% |
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 25 October 2026 via checked.be.