MATITI: 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.
MATITI
Largest movements
- Tangible fixed assets +€308,066
up €308,066 (+412.7%), from €74,642 to €382,707
of which Land and buildings: +€329,847
- Receivables within one year -€28,326
down €28,326 (-24.4%), from €116,127 to €87,800
of which Trade receivables: -€26,732
- Cash +€24,628
up €24,628 (+20.9%), from €117,628 to €142,257
mainly Debts after one year (+€243,220) and Depreciation (+€69,776)
- Receivables after one year -€21,850
down €21,850 (-45.5%), from €48,000 to €26,150
- Stocks and contracts -€9,526
down €9,526 (-55.8%), from €17,072 to €7,546
- Debts after one year +€243,220
up €243,220 (+1784.3%), from €13,631 to €256,851
- Reserves +€35,700
up €35,700 (+19.5%), from €182,820 to €218,520
of which Distributable reserves: +€35,700
- Tax, wage and social debts +€22,468
up €22,468 (+40.7%), from €55,144 to €77,612
of which Remuneration and social security: +€16,269
- Other debts -€21,773
down €21,773 (-35.6%), from €61,165 to €39,392
- Trade debts -€19,324
down €19,324 (-48.3%), from €40,017 to €20,693
- Staff costs +€67,830
up €67,830 (+40.4%), from €167,746 to €235,576
- Depreciation +€37,529
up €37,529 (+116.4%), from €32,248 to €69,776
- Gross operating margin +€30,812
up €30,812 (+9.3%), from €329,651 to €360,463
- Taxes -€18,506
down €18,506 (-51.6%), from €35,831 to €17,326
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 | €380,888 | €654,049 | +€273,161 | +71.7% |
| Fixed assets | 21/28 | €79,292 | €387,357 | +€308,066 | +388.5% |
| Tangible fixed assets | 22/27 | €74,642 | €382,707 | +€308,066 | +412.7% |
| Land and buildings | 22 | - | €329,847 | +€329,847 | |
| Plant, machinery and equipment | 23 | €15,135 | €9,269 | -€5,866 | -38.8% |
| Furniture and vehicles | 24 | €38,731 | €26,713 | -€12,018 | -31.0% |
| Other tangible fixed assets | 26 | €20,776 | €16,879 | -€3,897 | -18.8% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €301,596 | €266,692 | -€34,904 | -11.6% |
| Amounts receivable after more than one year | 29 | €48,000 | €26,150 | -€21,850 | -45.5% |
| Other amounts receivable | 291 | €48,000 | €26,150 | -€21,850 | -45.5% |
| Stocks and contracts in progress | 3 | €17,072 | €7,546 | -€9,526 | -55.8% |
| Stocks | 30/36 | €17,072 | €7,546 | -€9,526 | -55.8% |
| Amounts receivable within one year | 40/41 | €116,127 | €87,800 | -€28,326 | -24.4% |
| Trade receivables | 40 | €106,698 | €79,967 | -€26,732 | -25.1% |
| Other amounts receivable | 41 | €9,428 | €7,834 | -€1,595 | -16.9% |
| Cash at bank and in hand | 54/58 | €117,628 | €142,257 | +€24,628 | +20.9% |
| Deferred charges and accrued income | 490/1 | €2,769 | €2,938 | +€169 | +6.1% |
| Total equity and liabilities | 10/49 | €380,888 | €654,049 | +€273,161 | +71.7% |
| Equity | 10/15 | €202,878 | €238,647 | +€35,769 | +17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €182,820 | €218,520 | +€35,700 | +19.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €180,820 | €216,520 | +€35,700 | +19.7% |
| Profit (loss) carried forward | 14 | €58 | €127 | +€69 | +118.0% |
| Amounts payable | 17/49 | €178,010 | €415,402 | +€237,393 | +133.4% |
| Amounts payable after more than one year | 17 | €13,631 | €256,851 | +€243,220 | +1784.3% |
| Financial debts | 170/4 | €13,631 | €256,851 | +€243,220 | +1784.3% |
| Amounts payable within one year | 42/48 | €163,437 | €158,552 | -€4,885 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €7,035 | €20,780 | +€13,745 | +195.4% |
| Trade debts | 44 | €40,017 | €20,693 | -€19,324 | -48.3% |
| Suppliers | 440/4 | €40,017 | €20,693 | -€19,324 | -48.3% |
| Advances received on contracts in progress | 46 | €75 | €75 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €55,144 | €77,612 | +€22,468 | +40.7% |
| Taxes | 450/3 | €44,421 | €50,619 | +€6,198 | +14.0% |
| Remuneration and social security | 454/9 | €10,723 | €26,993 | +€16,269 | +151.7% |
| Other amounts payable | 47/48 | €61,165 | €39,392 | -€21,773 | -35.6% |
| Accrued charges and deferred income | 492/3 | €942 | €0 | -€942 | -100.0% |
| Remuneration, social security and pensions | 62 | €167,746 | €235,576 | +€67,830 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,248 | €69,776 | +€37,529 | +116.4% |
| Other operating charges | 640/8 | €2,166 | €2,435 | +€269 | +12.4% |
| Gross operating margin | 9900 | €329,651 | €360,463 | +€30,812 | +9.3% |
| Operating profit (loss) | 9901 | €127,491 | €52,676 | -€74,815 | -58.7% |
| Financial income | 75/76B | €1,358 | €962 | -€397 | -29.2% |
| Recurring financial income | 75 | €1,358 | €962 | -€397 | -29.2% |
| Financial charges | 65/66B | €1,414 | €544 | -€870 | -61.5% |
| Recurring financial charges | 65 | €1,414 | €544 | -€870 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | €127,436 | €53,094 | -€74,341 | -58.3% |
| Income taxes | 67/77 | €35,831 | €17,326 | -€18,506 | -51.6% |
| Profit (loss) for the period | 9904 | €91,604 | €35,769 | -€55,836 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,604 | €35,769 | -€55,836 | -61.0% |
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 9 October 2026 via checked.be.