MATISSE: 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.
MATISSE
Largest movements
- Cash +€19,972
up €19,972 (+22.2%), from €90,089 to €110,061
mainly Depreciation (+€7,551) and Net result for the year (+€5,025)
- Tangible fixed assets -€7,551
down €7,551 (-21.7%), from €34,823 to €27,272
- Stocks and contracts -€3,434
down €3,434 (-47.7%), from €7,193 to €3,760
- Reserves +€5,025
up €5,025 (+4.1%), from €123,462 to €128,487
- Tax, wage and social debts +€3,592
up €3,592 (+2,691%), from €133 to €3,725
of which Remuneration and social security: +€1,900
- Gross operating margin -€9,484
down €9,484 (-35.9%), from €26,436 to €16,952
- Depreciation +€4,621
up €4,621 (+158%), from €2,930 to €7,551
- Taxes -€3,060
down €3,060 (-53.3%), from €5,737 to €2,677
- Other operating charges -€816
down €816 (-31.5%), from €2,588 to €1,772
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,801 | €147,478 | +€9,677 | +7.0% |
| Fixed assets | 21/28 | €34,823 | €27,272 | -€7,551 | -21.7% |
| Tangible fixed assets | 22/27 | €34,823 | €27,272 | -€7,551 | -21.7% |
| Furniture and vehicles | 24 | €34,823 | €27,272 | -€7,551 | -21.7% |
| Current assets | 29/58 | €102,978 | €120,205 | +€17,227 | +16.7% |
| Stocks and contracts in progress | 3 | €7,193 | €3,760 | -€3,434 | -47.7% |
| Stocks | 30/36 | €7,193 | €3,760 | -€3,434 | -47.7% |
| Amounts receivable within one year | 40/41 | €2,024 | €3,336 | +€1,313 | +64.9% |
| Trade receivables | 40 | €988 | €620 | -€368 | -37.2% |
| Other amounts receivable | 41 | €1,035 | €2,716 | +€1,681 | +162% |
| Cash at bank and in hand | 54/58 | €90,089 | €110,061 | +€19,972 | +22.2% |
| Deferred charges and accrued income | 490/1 | €3,672 | €3,048 | -€624 | -17.0% |
| Total equity and liabilities | 10/49 | €137,801 | €147,478 | +€9,677 | +7.0% |
| Equity | 10/15 | €129,660 | €134,685 | +€5,025 | +3.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €123,462 | €128,487 | +€5,025 | +4.1% |
| Distributable reserves | 133 | €123,462 | €128,487 | +€5,025 | +4.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,142 | €12,793 | +€4,651 | +57.1% |
| Amounts payable within one year | 42/48 | €7,648 | €12,019 | +€4,371 | +57.1% |
| Trade debts | 44 | €2,308 | €2,474 | +€166 | +7.2% |
| Suppliers | 440/4 | €2,308 | €2,474 | +€166 | +7.2% |
| Taxes, remuneration and social security | 45 | €133 | €3,725 | +€3,592 | +2,691% |
| Taxes | 450/3 | €133 | €1,825 | +€1,692 | +1,268% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Other amounts payable | 47/48 | €5,206 | €5,820 | +€613 | +11.8% |
| Accrued charges and deferred income | 492/3 | €493 | €774 | +€280 | +56.8% |
| Non-recurring operating income | 76A | €6,242 | €0 | -€6,242 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,930 | €7,551 | +€4,621 | +158% |
| Other operating charges | 640/8 | €2,588 | €1,772 | -€816 | -31.5% |
| Gross operating margin | 9900 | €26,436 | €16,952 | -€9,484 | -35.9% |
| Operating profit (loss) | 9901 | €20,918 | €7,629 | -€13,289 | -63.5% |
| Financial income | 75/76B | €531 | €592 | +€61 | +11.6% |
| Recurring financial income | 75 | €531 | €592 | +€61 | +11.6% |
| Financial charges | 65/66B | €753 | €520 | -€233 | -31.0% |
| Recurring financial charges | 65 | €753 | €520 | -€233 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €20,697 | €7,702 | -€12,995 | -62.8% |
| Income taxes | 67/77 | €5,737 | €2,677 | -€3,060 | -53.3% |
| Profit (loss) for the period | 9904 | €14,959 | €5,025 | -€9,934 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,959 | €5,025 | -€9,934 | -66.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.