MATIZ: what changed
Two fiscal 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.
MATIZ
Largest movements
- Receivables within one year +€74,807
up €74,807 (+66.9%), from €111,866 to €186,673
of which Trade receivables: +€70,501
- Cash +€15,003
up €15,003 (+37.1%), from €40,460 to €55,463
mainly Net result for the year (+€58,552) and Trade debts (+€42,911)
- Tangible fixed assets +€10,575
up €10,575 (+34.3%), from €30,823 to €41,398
of which Furniture and vehicles: +€11,857
- Reserves +€48,137
up €48,137 (+42.7%), from €112,691 to €160,829
- Trade debts +€42,911
up €42,911 (+78.3%), from €54,781 to €97,693
- Tax, wage and social debts +€11,735
up €11,735 (+120.5%), from €9,740 to €21,474
of which Taxes: +€10,635
- Short-term financial debts -€3,381
no longer reported in 2025 (was €3,381)
- Depreciation -€15,043
down €15,043 (-54.1%), from €27,820 to €12,777
- Gross operating margin +€11,962
up €11,962 (+13.8%), from €86,452 to €98,414
- Taxes +€3,766
up €3,766 (+17.6%), from €21,354 to €25,120
- Financial income +€1,840
up €1,840 (+1009.1%), from €182 to €2,022
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 | €189,956 | €288,196 | +€98,240 | +51.7% |
| Fixed assets | 21/28 | €32,259 | €41,398 | +€9,140 | +28.3% |
| Intangible fixed assets | 21 | €1,436 | - | -€1,436 | |
| Tangible fixed assets | 22/27 | €30,823 | €41,398 | +€10,575 | +34.3% |
| Land and buildings | 22 | €1,366 | - | -€1,366 | |
| Plant, machinery and equipment | 23 | €2,938 | €3,022 | +€84 | +2.9% |
| Furniture and vehicles | 24 | €26,519 | €38,377 | +€11,857 | +44.7% |
| Current assets | 29/58 | €157,697 | €246,797 | +€89,101 | +56.5% |
| Amounts receivable within one year | 40/41 | €111,866 | €186,673 | +€74,807 | +66.9% |
| Trade receivables | 40 | €109,629 | €180,130 | +€70,501 | +64.3% |
| Other amounts receivable | 41 | €2,237 | €6,543 | +€4,306 | +192.5% |
| Cash at bank and in hand | 54/58 | €40,460 | €55,463 | +€15,003 | +37.1% |
| Deferred charges and accrued income | 490/1 | €5,371 | €4,661 | -€710 | -13.2% |
| Total equity and liabilities | 10/49 | €189,956 | €288,196 | +€98,240 | +51.7% |
| Equity | 10/15 | €118,891 | €167,029 | +€48,137 | +40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,691 | €160,829 | +€48,137 | +42.7% |
| Distributable reserves | 133 | €112,691 | €160,829 | +€48,137 | +42.7% |
| Amounts payable | 17/49 | €71,064 | €121,167 | +€50,103 | +70.5% |
| Amounts payable after more than one year | 17 | €1,678 | - | -€1,678 | |
| Other amounts payable | 178/9 | €1,678 | - | -€1,678 | |
| Amounts payable within one year | 42/48 | €69,068 | €121,167 | +€52,099 | +75.4% |
| Financial debts | 43 | €3,381 | - | -€3,381 | |
| Credit institutions | 430/8 | €3,381 | - | -€3,381 | |
| Trade debts | 44 | €54,781 | €97,693 | +€42,911 | +78.3% |
| Suppliers | 440/4 | €54,781 | €97,693 | +€42,911 | +78.3% |
| Advances received on contracts in progress | 46 | - | €334 | +€334 | |
| Taxes, remuneration and social security | 45 | €9,740 | €21,474 | +€11,735 | +120.5% |
| Taxes | 450/3 | €8,340 | €18,974 | +€10,635 | +127.5% |
| Remuneration and social security | 454/9 | €1,400 | €2,500 | +€1,100 | +78.6% |
| Other amounts payable | 47/48 | €1,166 | €1,666 | +€500 | +42.9% |
| Accrued charges and deferred income | 492/3 | €318 | - | -€318 | |
| Non-recurring operating income | 76A | - | €9,457 | +€9,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,820 | €12,777 | -€15,043 | -54.1% |
| Other operating charges | 640/8 | €3,999 | €3,503 | -€495 | -12.4% |
| Non-recurring operating charges | 66A | - | €166 | +€166 | |
| Gross operating margin | 9900 | €86,452 | €98,414 | +€11,962 | +13.8% |
| Operating profit (loss) | 9901 | €54,634 | €81,968 | +€27,335 | +50.0% |
| Financial income | 75/76B | €182 | €2,022 | +€1,840 | +1009.1% |
| Recurring financial income | 75 | €182 | €2,022 | +€1,840 | +1009.1% |
| Financial charges | 65/66B | €482 | €318 | -€163 | -33.9% |
| Recurring financial charges | 65 | €482 | €318 | -€163 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €54,334 | €83,672 | +€29,337 | +54.0% |
| Income taxes | 67/77 | €21,354 | €25,120 | +€3,766 | +17.6% |
| Profit (loss) for the period | 9904 | €32,980 | €58,552 | +€25,571 | +77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,980 | €58,552 | +€25,571 | +77.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.