MATIVE: 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.
MATIVE
Largest movements
- Financial fixed assets +€70,818
up €70,818 (+141.6%), from €50,000 to €120,818
- Cash +€25,163
up €25,163 (+956.9%), from €2,629 to €27,792
mainly Debts after one year (+€68,325) and Net result for the year (+€18,074)
- Receivables within one year -€5,935
down €5,935 (-34.7%), from €17,128 to €11,193
- Tangible fixed assets -€3,817
down €3,817 (-52.2%), from €7,312 to €3,495
of which Furniture and vehicles: -€3,876
- Current investments -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Debts after one year +€68,325
up €68,325 (+168.6%), from €40,517 to €108,842
- Profit (loss) carried forward +€18,074
up €18,074 (+131.9%), from €13,700 to €31,775
- Trade debts -€7,620
down €7,620 (-76.1%), from €10,014 to €2,394
- Tax, wage and social debts +€2,304
up €2,304 (+22.3%), from €10,326 to €12,630
of which Taxes: +€2,304
- Accrued charges and deferred income +€2,001
up €2,001 (+521.8%), from €383 to €2,384
- Gross operating margin +€25,546
up €25,546 (+281.1%), from €9,088 to €34,634
- Taxes +€6,974
up €6,974 (+561.0%), from €1,243 to €8,217
- Other operating charges +€3,523
up €3,523 (+1666.7%), from €211 to €3,734
- Depreciation -€2,320
down €2,320 (-72.5%), from €3,199 to €879
- Financial charges +€1,206
up €1,206 (+47.5%), from €2,537 to €3,743
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 | €80,952 | €164,377 | +€83,425 | +103.1% |
| Fixed assets | 21/28 | €57,312 | €124,312 | +€67,001 | +116.9% |
| Tangible fixed assets | 22/27 | €7,312 | €3,495 | -€3,817 | -52.2% |
| Plant, machinery and equipment | 23 | €563 | €622 | +€59 | +10.5% |
| Furniture and vehicles | 24 | €6,749 | €2,873 | -€3,876 | -57.4% |
| Financial fixed assets | 28 | €50,000 | €120,818 | +€70,818 | +141.6% |
| Current assets | 29/58 | €23,641 | €40,065 | +€16,425 | +69.5% |
| Amounts receivable within one year | 40/41 | €17,128 | €11,193 | -€5,935 | -34.7% |
| Trade receivables | 40 | €17,128 | €11,193 | -€5,935 | -34.7% |
| Current investments | 50/53 | €2,500 | €0 | -€2,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,629 | €27,792 | +€25,163 | +956.9% |
| Deferred charges and accrued income | 490/1 | €1,384 | €1,081 | -€303 | -21.9% |
| Total equity and liabilities | 10/49 | €80,952 | €164,377 | +€83,425 | +103.1% |
| Equity | 10/15 | €17,200 | €35,275 | +€18,074 | +105.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,700 | €31,775 | +€18,074 | +131.9% |
| Amounts payable | 17/49 | €63,752 | €129,103 | +€65,351 | +102.5% |
| Amounts payable after more than one year | 17 | €40,517 | €108,842 | +€68,325 | +168.6% |
| Financial debts | 170/4 | €40,517 | €108,842 | +€68,325 | +168.6% |
| Amounts payable within one year | 42/48 | €22,851 | €17,877 | -€4,974 | -21.8% |
| Financial debts | 43 | €2,433 | €2,475 | +€43 | +1.7% |
| Other loans | 439 | €2,433 | €2,475 | +€43 | +1.7% |
| Trade debts | 44 | €10,014 | €2,394 | -€7,620 | -76.1% |
| Suppliers | 440/4 | €10,014 | €2,394 | -€7,620 | -76.1% |
| Taxes, remuneration and social security | 45 | €10,326 | €12,630 | +€2,304 | +22.3% |
| Taxes | 450/3 | €8,026 | €10,330 | +€2,304 | +28.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €79 | €377 | +€299 | +378.2% |
| Accrued charges and deferred income | 492/3 | €383 | €2,384 | +€2,001 | +521.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,199 | €879 | -€2,320 | -72.5% |
| Other operating charges | 640/8 | €211 | €3,734 | +€3,523 | +1666.7% |
| Gross operating margin | 9900 | €9,088 | €34,634 | +€25,546 | +281.1% |
| Operating profit (loss) | 9901 | €5,678 | €30,021 | +€24,343 | +428.7% |
| Financial income | 75/76B | €12 | €14 | +€2 | +14.3% |
| Recurring financial income | 75 | €12 | €14 | +€2 | +14.3% |
| Financial charges | 65/66B | €2,537 | €3,743 | +€1,206 | +47.5% |
| Recurring financial charges | 65 | €2,537 | €3,743 | +€1,206 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €3,153 | €26,291 | +€23,138 | +733.8% |
| Income taxes | 67/77 | €1,243 | €8,217 | +€6,974 | +561.0% |
| Profit (loss) for the period | 9904 | €1,910 | €18,074 | +€16,164 | +846.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,910 | €18,074 | +€16,164 | +846.3% |
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 12 October 2026 via checked.be.