Matisco Advisory: 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.
Matisco Advisory
Largest movements
- Receivables within one year +€66,456
up €66,456 (+135%), from €49,151 to €115,607
of which Trade receivables: +€77,348
- Tangible fixed assets +€61,185
up €61,185 (+19.5%), from €313,878 to €375,063
of which Furniture and vehicles: +€76,014
- Current investments -€47,589
down €47,589 (-79.6%), from €59,788 to €12,199
- Cash +€22,335
up €22,335 (+7.6%), from €294,691 to €317,026
mainly Net result for the year (+€334,293) and Other debts (+€144,764)
- Other debts +€144,764
up €144,764 (+80.5%), from €179,862 to €324,626
- Tax, wage and social debts -€31,311
down €31,311 (-43.2%), from €72,538 to €41,227
- Debts after one year -€13,333
down €13,333 (-3.1%), from €433,333 to €420,000
- Gross operating margin +€53,913
up €53,913 (+13.1%), from €412,263 to €466,175
- Taxes +€18,685
up €18,685 (+21.3%), from €87,850 to €106,535
- Financial income +€10,018
up €10,018 (+639%), from €1,569 to €11,587
- Financial charges -€4,767
down €4,767 (-64.4%), from €7,407 to €2,640
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 | €721,971 | €823,167 | +€101,196 | +14.0% |
| Fixed assets | 21/28 | €313,878 | €375,063 | +€61,185 | +19.5% |
| Tangible fixed assets | 22/27 | €313,878 | €375,063 | +€61,185 | +19.5% |
| Land and buildings | 22 | €263,999 | €253,753 | -€10,246 | -3.9% |
| Plant, machinery and equipment | 23 | €4,390 | €2,862 | -€1,528 | -34.8% |
| Furniture and vehicles | 24 | €25,800 | €101,814 | +€76,014 | +295% |
| Other tangible fixed assets | 26 | €19,688 | €16,633 | -€3,055 | -15.5% |
| Current assets | 29/58 | €408,093 | €448,104 | +€40,011 | +9.8% |
| Amounts receivable within one year | 40/41 | €49,151 | €115,607 | +€66,456 | +135% |
| Trade receivables | 40 | €38,259 | €115,607 | +€77,348 | +202% |
| Other amounts receivable | 41 | €10,892 | €0 | -€10,892 | -100% |
| Current investments | 50/53 | €59,788 | €12,199 | -€47,589 | -79.6% |
| Cash at bank and in hand | 54/58 | €294,691 | €317,026 | +€22,335 | +7.6% |
| Deferred charges and accrued income | 490/1 | €4,462 | €3,271 | -€1,191 | -26.7% |
| Total equity and liabilities | 10/49 | €721,971 | €823,167 | +€101,196 | +14.0% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €703,371 | €804,567 | +€101,196 | +14.4% |
| Amounts payable after more than one year | 17 | €433,333 | €420,000 | -€13,333 | -3.1% |
| Financial debts | 170/4 | €433,333 | €420,000 | -€13,333 | -3.1% |
| Amounts payable within one year | 42/48 | €269,921 | €383,229 | +€113,308 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €14,854 | €13,333 | -€1,520 | -10.2% |
| Trade debts | 44 | €2,667 | €4,042 | +€1,375 | +51.6% |
| Suppliers | 440/4 | €2,667 | €4,042 | +€1,375 | +51.6% |
| Taxes, remuneration and social security | 45 | €72,538 | €41,227 | -€31,311 | -43.2% |
| Taxes | 450/3 | €72,538 | €41,227 | -€31,311 | -43.2% |
| Other amounts payable | 47/48 | €179,862 | €324,626 | +€144,764 | +80.5% |
| Accrued charges and deferred income | 492/3 | €116 | €1,337 | +€1,221 | +1,052% |
| Non-recurring operating income | 76A | - | €43,656 | +€43,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,095 | €31,652 | -€3,443 | -9.8% |
| Other operating charges | 640/8 | €3,025 | €2,642 | -€383 | -12.7% |
| Gross operating margin | 9900 | €412,263 | €466,175 | +€53,913 | +13.1% |
| Operating profit (loss) | 9901 | €374,143 | €431,881 | +€57,739 | +15.4% |
| Financial income | 75/76B | €1,569 | €11,587 | +€10,018 | +639% |
| Recurring financial income | 75 | €1,569 | €11,587 | +€10,018 | +639% |
| Financial charges | 65/66B | €7,407 | €2,640 | -€4,767 | -64.4% |
| Recurring financial charges | 65 | €7,407 | €2,640 | -€4,767 | -64.4% |
| Profit (loss) for the period before taxes | 9903 | €368,305 | €440,829 | +€72,524 | +19.7% |
| Income taxes | 67/77 | €87,850 | €106,535 | +€18,685 | +21.3% |
| Profit (loss) for the period | 9904 | €280,455 | €334,293 | +€53,839 | +19.2% |
| Transfer from tax-exempt reserves | 789 | €71,200 | €0 | -€71,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €351,655 | €334,293 | -€17,361 | -4.9% |
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 16 October 2026 via checked.be.