MATLEX: 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.
MATLEX
Largest movements
- Cash -€12,061
down €12,061 (-29.4%), from €41,007 to €28,947
mainly Other debts (-€11,175) and Net result for the year (-€809)
- Other debts -€11,175
down €11,175 (-3.2%), from €354,570 to €343,395
- Taxes -€325
down €325, from €163 to -€163
- Financial income -€261
down €261 (-42.5%), from €615 to €354
- Other operating charges -€21
down €21 (-1.8%), from €1,140 to €1,118
- Financial charges -€6
down €6 (-8.7%), from €72 to €66
- Gross operating margin -€5
down €5 (-3.8%), from -€136 to -€141
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 | €829,230 | €817,193 | -€12,038 | -1.5% |
| Fixed assets | 21/28 | €788,140 | €788,140 | = | 0.0% |
| Financial fixed assets | 28 | €788,140 | €788,140 | = | 0.0% |
| Current assets | 29/58 | €41,090 | €29,053 | -€12,038 | -29.3% |
| Amounts receivable within one year | 40/41 | €0 | €106 | +€106 | |
| Other amounts receivable | 41 | €0 | €106 | +€106 | |
| Cash at bank and in hand | 54/58 | €41,007 | €28,947 | -€12,061 | -29.4% |
| Deferred charges and accrued income | 490/1 | €83 | €0 | -€83 | -100.0% |
| Total equity and liabilities | 10/49 | €829,230 | €817,193 | -€12,038 | -1.5% |
| Equity | 10/15 | €473,606 | €472,797 | -€809 | -0.2% |
| Contributions | 10/11 | €420,000 | €420,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,606 | €52,797 | -€809 | -1.5% |
| Amounts payable | 17/49 | €355,624 | €344,395 | -€11,229 | -3.2% |
| Amounts payable within one year | 42/48 | €354,570 | €343,395 | -€11,175 | -3.2% |
| Other amounts payable | 47/48 | €354,570 | €343,395 | -€11,175 | -3.2% |
| Accrued charges and deferred income | 492/3 | €1,054 | €1,000 | -€54 | -5.1% |
| Other operating charges | 640/8 | €1,140 | €1,118 | -€21 | -1.8% |
| Gross operating margin | 9900 | -€136 | -€141 | -€5 | -3.8% |
| Operating profit (loss) | 9901 | -€1,275 | -€1,260 | +€16 | +1.2% |
| Financial income | 75/76B | €615 | €354 | -€261 | -42.5% |
| Recurring financial income | 75 | €615 | €354 | -€261 | -42.5% |
| Financial charges | 65/66B | €72 | €66 | -€6 | -8.7% |
| Recurring financial charges | 65 | €72 | €66 | -€6 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€733 | -€972 | -€239 | -32.6% |
| Income taxes | 67/77 | €163 | -€163 | -€325 | |
| Profit (loss) for the period | 9904 | -€895 | -€809 | +€86 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€895 | -€809 | +€86 | +9.6% |
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 1 October 2026 via checked.be.