MATIX: what changed
MATIX
Largest movements
- Cash +€46,080
up €46,080 (+46.5%), from €99,199 to €145,278
mainly Net result for the year (+€87,240) and Current investments (+€10,000)
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€9,218
up €9,218 (+48.8%), from €18,895 to €28,113
of which Other amounts receivable: +€8,081
- Tangible fixed assets -€2,659
down €2,659 (-45.2%), from €5,886 to €3,227
of which Furniture and vehicles: -€2,314
- Reserves +€57,564
up €57,564 (+58.3%), from €98,815 to €156,379
- Other debts -€14,039
down €14,039 (-55.3%), from €25,377 to €11,338
- Tax, wage and social debts -€1,981
down €1,981 (-94.9%), from €2,088 to €106
- Financial charges -€63,259
down €63,259 (-99.1%), from €63,858 to €599
- Gross operating margin +€45,179
up €45,179 (+53.2%), from €84,899 to €130,078
- Taxes +€33,325
up €33,325 (+626%), from €5,328 to €38,653
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,280 | €178,528 | +€41,248 | +30.0% |
| Fixed assets | 21/28 | €6,429 | €3,770 | -€2,659 | -41.4% |
| Tangible fixed assets | 22/27 | €5,886 | €3,227 | -€2,659 | -45.2% |
| Plant, machinery and equipment | 23 | €2,445 | €866 | -€1,579 | -64.6% |
| Furniture and vehicles | 24 | €3,441 | €1,128 | -€2,314 | -67.2% |
| Other tangible fixed assets | 26 | €0 | €1,234 | +€1,234 | |
| Financial fixed assets | 28 | €543 | €543 | = | 0.0% |
| Current assets | 29/58 | €130,851 | €174,758 | +€43,907 | +33.6% |
| Amounts receivable within one year | 40/41 | €18,895 | €28,113 | +€9,218 | +48.8% |
| Trade receivables | 40 | €15,488 | €16,625 | +€1,137 | +7.3% |
| Other amounts receivable | 41 | €3,407 | €11,488 | +€8,081 | +237% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €99,199 | €145,278 | +€46,080 | +46.5% |
| Deferred charges and accrued income | 490/1 | €2,757 | €1,366 | -€1,391 | -50.4% |
| Total equity and liabilities | 10/49 | €137,280 | €178,528 | +€41,248 | +30.0% |
| Equity | 10/15 | €108,839 | €166,379 | +€57,540 | +52.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €98,815 | €156,379 | +€57,564 | +58.3% |
| Distributable reserves | 133 | €98,815 | €156,379 | +€57,564 | +58.3% |
| Profit (loss) carried forward | 14 | €24 | - | -€24 | |
| Amounts payable | 17/49 | €28,442 | €12,149 | -€16,292 | -57.3% |
| Amounts payable within one year | 42/48 | €28,442 | €12,149 | -€16,292 | -57.3% |
| Trade debts | 44 | €977 | €705 | -€272 | -27.9% |
| Suppliers | 440/4 | €977 | €705 | -€272 | -27.9% |
| Taxes, remuneration and social security | 45 | €2,088 | €106 | -€1,981 | -94.9% |
| Taxes | 450/3 | €2,088 | €106 | -€1,981 | -94.9% |
| Other amounts payable | 47/48 | €25,377 | €11,338 | -€14,039 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,527 | €3,914 | -€613 | -13.5% |
| Other operating charges | 640/8 | €971 | €943 | -€28 | -2.9% |
| Gross operating margin | 9900 | €84,899 | €130,078 | +€45,179 | +53.2% |
| Operating profit (loss) | 9901 | €79,401 | €125,221 | +€45,820 | +57.7% |
| Financial income | 75/76B | €796 | €1,271 | +€475 | +59.7% |
| Recurring financial income | 75 | €796 | €1,271 | +€475 | +59.7% |
| Financial charges | 65/66B | €63,858 | €599 | -€63,259 | -99.1% |
| Recurring financial charges | 65 | €63,858 | €599 | -€63,259 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €16,339 | €125,893 | +€109,554 | +670% |
| Income taxes | 67/77 | €5,328 | €38,653 | +€33,325 | +626% |
| Profit (loss) for the period | 9904 | €11,012 | €87,240 | +€76,228 | +692% |
| Profit (loss) for the period to be appropriated | 9905 | €11,012 | €87,240 | +€76,228 | +692% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.