MATJO: 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.
MATJO
Largest movements
- Tangible fixed assets -€24,993
down €24,993 (-15.2%), from €164,182 to €139,189
- Cash +€9,728
up €9,728 (+21.7%), from €44,832 to €54,560
mainly Depreciation (+€24,993) and Tax, wage and social debts (+€201)
- Other debts -€10,141
down €10,141 (-64.4%), from €15,753 to €5,612
- Reserves -€4,013
down €4,013 (-1.8%), from €226,410 to €222,397
of which Distributable reserves: -€4,013
No income-statement line moved by more than 1% of the activity.
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 | €212,514 | €197,249 | -€15,266 | -7.2% |
| Fixed assets | 21/28 | €164,182 | €139,189 | -€24,993 | -15.2% |
| Tangible fixed assets | 22/27 | €164,182 | €139,189 | -€24,993 | -15.2% |
| Land and buildings | 22 | €164,182 | €139,189 | -€24,993 | -15.2% |
| Current assets | 29/58 | €48,332 | €58,060 | +€9,728 | +20.1% |
| Cash at bank and in hand | 54/58 | €44,832 | €54,560 | +€9,728 | +21.7% |
| Deferred charges and accrued income | 490/1 | €3,500 | €3,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €212,514 | €197,249 | -€15,266 | -7.2% |
| Equity | 10/15 | €195,509 | €190,730 | -€4,779 | -2.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €226,410 | €222,397 | -€4,013 | -1.8% |
| Non-distributable reserves | 130/1 | €987 | €987 | = | 0.0% |
| Reserves not available under the articles | 1311 | €987 | €987 | = | 0.0% |
| Distributable reserves | 133 | €225,422 | €221,409 | -€4,013 | -1.8% |
| Profit (loss) carried forward | 14 | -€33,900 | -€34,666 | -€766 | -2.3% |
| Amounts payable | 17/49 | €17,005 | €6,518 | -€10,486 | -61.7% |
| Amounts payable within one year | 42/48 | €17,005 | €6,518 | -€10,486 | -61.7% |
| Trade debts | 44 | €1,252 | €705 | -€547 | -43.7% |
| Suppliers | 440/4 | €1,252 | €705 | -€547 | -43.7% |
| Taxes, remuneration and social security | 45 | - | €201 | +€201 | |
| Taxes | 450/3 | - | €201 | +€201 | |
| Other amounts payable | 47/48 | €15,753 | €5,612 | -€10,141 | -64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,993 | €24,993 | = | 0.0% |
| Other operating charges | 640/8 | €11,484 | €11,827 | +€343 | +3.0% |
| Gross operating margin | 9900 | €36,156 | €36,129 | -€27 | -0.1% |
| Operating profit (loss) | 9901 | -€321 | -€691 | -€370 | -115% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€394 | -€766 | -€372 | -94.3% |
| Profit (loss) for the period | 9904 | -€394 | -€766 | -€372 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€394 | -€766 | -€372 | -94.3% |
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 14 October 2026 via checked.be.