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 -€38,689
down €38,689 (-48.7%), from €79,480 to €40,791
mainly Investment in fixed assets (net) (-€40,280) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€26,942
up €26,942 (+143%), from €18,807 to €45,748
of which Furniture and vehicles: +€27,259
- Receivables within one year -€20,996
down €20,996 (-62.2%), from €33,771 to €12,775
of which Other amounts receivable: -€20,257
- Stocks and contracts +€4,000
new in 2025: €4,000
- Tax, wage and social debts -€20,050
down €20,050 (-83.4%), from €24,050 to €4,000
of which Taxes: -€20,050
- Current portion of long-term debt -€7,712
down €7,712 (-100%), from €7,712 to €0
- Debts after one year -€6,689
down €6,689 (-100%), from €6,689 to €0
- Other debts +€5,018
up €5,018 (+20.1%), from €25,000 to €30,018
- Trade debts +€4,159
up €4,159 (+305%), from €1,363 to €5,523
- Gross operating margin -€27,267
down €27,267 (-35.6%), from €76,541 to €49,274
- Taxes -€6,912
down €6,912 (-48.1%), from €14,362 to €7,450
- Depreciation +€1,469
up €1,469 (+12.4%), from €11,869 to €13,338
- Financial income -€978
down €978 (-95.3%), from €1,026 to €48
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 | €134,375 | €105,254 | -€29,121 | -21.7% |
| Fixed assets | 21/28 | €18,807 | €45,748 | +€26,942 | +143% |
| Tangible fixed assets | 22/27 | €18,807 | €45,748 | +€26,942 | +143% |
| Plant, machinery and equipment | 23 | €1,152 | €835 | -€317 | -27.5% |
| Furniture and vehicles | 24 | €17,654 | €44,913 | +€27,259 | +154% |
| Current assets | 29/58 | €115,568 | €59,506 | -€56,062 | -48.5% |
| Stocks and contracts in progress | 3 | - | €4,000 | +€4,000 | |
| Contracts in progress | 37 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €33,771 | €12,775 | -€20,996 | -62.2% |
| Trade receivables | 40 | €10,806 | €10,067 | -€739 | -6.8% |
| Other amounts receivable | 41 | €22,964 | €2,708 | -€20,257 | -88.2% |
| Cash at bank and in hand | 54/58 | €79,480 | €40,791 | -€38,689 | -48.7% |
| Deferred charges and accrued income | 490/1 | €2,318 | €1,940 | -€378 | -16.3% |
| Total equity and liabilities | 10/49 | €134,375 | €105,254 | -€29,121 | -21.7% |
| Equity | 10/15 | €69,560 | €65,713 | -€3,847 | -5.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €66,560 | €62,713 | -€3,847 | -5.8% |
| Distributable reserves | 133 | €66,560 | €62,713 | -€3,847 | -5.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,814 | €39,541 | -€25,274 | -39.0% |
| Amounts payable after more than one year | 17 | €6,689 | €0 | -€6,689 | -100% |
| Financial debts | 170/4 | €6,689 | €0 | -€6,689 | -100% |
| Amounts payable within one year | 42/48 | €58,126 | €39,541 | -€18,585 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €7,712 | €0 | -€7,712 | -100% |
| Trade debts | 44 | €1,363 | €5,523 | +€4,159 | +305% |
| Suppliers | 440/4 | €1,363 | €5,523 | +€4,159 | +305% |
| Taxes, remuneration and social security | 45 | €24,050 | €4,000 | -€20,050 | -83.4% |
| Taxes | 450/3 | €20,050 | €0 | -€20,050 | -100% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €25,000 | €30,018 | +€5,018 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,869 | €13,338 | +€1,469 | +12.4% |
| Other operating charges | 640/8 | €1,229 | €1,706 | +€477 | +38.8% |
| Gross operating margin | 9900 | €76,541 | €49,274 | -€27,267 | -35.6% |
| Operating profit (loss) | 9901 | €63,443 | €34,230 | -€29,213 | -46.0% |
| Financial income | 75/76B | €1,026 | €48 | -€978 | -95.3% |
| Recurring financial income | 75 | €1,026 | €48 | -€978 | -95.3% |
| Financial charges | 65/66B | €994 | €675 | -€320 | -32.2% |
| Recurring financial charges | 65 | €994 | €675 | -€320 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €63,475 | €33,603 | -€29,872 | -47.1% |
| Income taxes | 67/77 | €14,362 | €7,450 | -€6,912 | -48.1% |
| Profit (loss) for the period | 9904 | €49,112 | €26,153 | -€22,959 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,112 | €26,153 | -€22,959 | -46.7% |
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 13 October 2026 via checked.be.