MATIRAM: 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.
MATIRAM
Largest movements
- Receivables within one year +€227,631
up €227,631 (+125.9%), from €180,787 to €408,418
of which Trade receivables: +€227,631
- Cash -€49,878
down €49,878 (-71.2%), from €70,086 to €20,208
mainly Receivables within one year (-€227,631) and Tax, wage and social debts (-€10,437)
- Tangible fixed assets -€13,633
down €13,633 (-34.4%), from €39,652 to €26,019
of which Plant, machinery and equipment: -€9,139
- Reserves +€155,224
up €155,224 (+76.9%), from €201,762 to €356,986
of which Distributable reserves: +€155,224
- Trade debts +€21,502
up €21,502 (+430.6%), from €4,993 to €26,495
- Tax, wage and social debts -€10,437
down €10,437 (-85.6%), from €12,187 to €1,750
- Gross operating margin +€3,701
up €3,701 (+1.6%), from €230,341 to €234,042
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 | €295,942 | €460,231 | +€164,289 | +55.5% |
| Fixed assets | 21/28 | €39,652 | €26,019 | -€13,633 | -34.4% |
| Tangible fixed assets | 22/27 | €39,652 | €26,019 | -€13,633 | -34.4% |
| Land and buildings | 22 | €6,176 | €1,682 | -€4,494 | -72.8% |
| Plant, machinery and equipment | 23 | €33,476 | €24,337 | -€9,139 | -27.3% |
| Current assets | 29/58 | €256,290 | €434,212 | +€177,922 | +69.4% |
| Amounts receivable within one year | 40/41 | €180,787 | €408,418 | +€227,631 | +125.9% |
| Trade receivables | 40 | €70,787 | €298,418 | +€227,631 | +321.6% |
| Other amounts receivable | 41 | €110,000 | €110,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,086 | €20,208 | -€49,878 | -71.2% |
| Deferred charges and accrued income | 490/1 | €5,417 | €5,586 | +€169 | +3.1% |
| Total equity and liabilities | 10/49 | €295,942 | €460,231 | +€164,289 | +55.5% |
| Equity | 10/15 | €276,762 | €431,986 | +€155,224 | +56.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €201,762 | €356,986 | +€155,224 | +76.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €194,262 | €349,486 | +€155,224 | +79.9% |
| Amounts payable | 17/49 | €19,180 | €28,245 | +€9,065 | +47.3% |
| Amounts payable within one year | 42/48 | €19,180 | €28,245 | +€9,065 | +47.3% |
| Trade debts | 44 | €4,993 | €26,495 | +€21,502 | +430.6% |
| Suppliers | 440/4 | €4,993 | €26,495 | +€21,502 | +430.6% |
| Taxes, remuneration and social security | 45 | €12,187 | €1,750 | -€10,437 | -85.6% |
| Taxes | 450/3 | €12,187 | €1,750 | -€10,437 | -85.6% |
| Other amounts payable | 47/48 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,222 | €13,633 | +€1,411 | +11.5% |
| Other operating charges | 640/8 | €13,145 | €13,219 | +€74 | +0.6% |
| Gross operating margin | 9900 | €230,341 | €234,042 | +€3,701 | +1.6% |
| Operating profit (loss) | 9901 | €204,974 | €207,190 | +€2,216 | +1.1% |
| Financial charges | 65/66B | €221 | €221 | = | 0.0% |
| Recurring financial charges | 65 | €221 | €221 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €204,753 | €206,969 | +€2,216 | +1.1% |
| Income taxes | 67/77 | €52,187 | €51,745 | -€442 | -0.8% |
| Profit (loss) for the period | 9904 | €152,566 | €155,224 | +€2,658 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,566 | €155,224 | +€2,658 | +1.7% |
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.