MATMALOU: 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.
MATMALOU
Largest movements
- Receivables within one year +€16,751
up €16,751 (+12.1%), from €138,451 to €155,202
of which Other amounts receivable: +€12,867
- Cash +€5,325
up €5,325 (+39.1%), from €13,617 to €18,942
mainly Net result for the year (+€13,929) and Tax, wage and social debts (+€8,452)
- Reserves +€13,929
up €13,929 (+27.0%), from €51,537 to €65,466
- Tax, wage and social debts +€8,452
up €8,452 (+95.4%), from €8,860 to €17,313
- Debts after one year -€1,872
down €1,872 (-47.3%), from €3,956 to €2,083
- Gross operating margin +€17,577
up €17,577 (+211%), from €8,342 to €25,918
- Financial income -€8,741
down €8,741 (-99.9%), from €8,751 to €10
- Taxes +€3,128
up €3,128 (+71.7%), from €4,360 to €7,489
- Financial charges -€718
down €718 (-35.6%), from €2,017 to €1,298
- Other operating charges +€409
up €409 (+86.8%), from €471 to €880
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 | €163,450 | €184,242 | +€20,792 | +12.7% |
| Fixed assets | 21/28 | €10,576 | €9,411 | -€1,165 | -11.0% |
| Tangible fixed assets | 22/27 | €10,576 | €9,411 | -€1,165 | -11.0% |
| Furniture and vehicles | 24 | €8,122 | €7,511 | -€611 | -7.5% |
| Other tangible fixed assets | 26 | €2,454 | €1,900 | -€555 | -22.6% |
| Current assets | 29/58 | €152,874 | €174,831 | +€21,957 | +14.4% |
| Amounts receivable within one year | 40/41 | €138,451 | €155,202 | +€16,751 | +12.1% |
| Trade receivables | 40 | €5,268 | €9,152 | +€3,884 | +73.7% |
| Other amounts receivable | 41 | €133,183 | €146,050 | +€12,867 | +9.7% |
| Cash at bank and in hand | 54/58 | €13,617 | €18,942 | +€5,325 | +39.1% |
| Deferred charges and accrued income | 490/1 | €806 | €687 | -€119 | -14.7% |
| Total equity and liabilities | 10/49 | €163,450 | €184,242 | +€20,792 | +12.7% |
| Equity | 10/15 | €139,010 | €152,939 | +€13,929 | +10.0% |
| Contributions | 10/11 | €46,200 | €46,200 | = | 0.0% |
| Contributions outside capital | 11 | €46,200 | €46,200 | = | 0.0% |
| Other | 1109/19 | €46,200 | €46,200 | = | 0.0% |
| Reserves | 13 | €51,537 | €65,466 | +€13,929 | +27.0% |
| Distributable reserves | 133 | €51,537 | €65,466 | +€13,929 | +27.0% |
| Profit (loss) carried forward | 14 | €41,273 | €41,273 | = | 0.0% |
| Amounts payable | 17/49 | €24,440 | €31,303 | +€6,863 | +28.1% |
| Amounts payable after more than one year | 17 | €3,956 | €2,083 | -€1,872 | -47.3% |
| Financial debts | 170/4 | €3,956 | €2,083 | -€1,872 | -47.3% |
| Amounts payable within one year | 42/48 | €20,485 | €29,220 | +€8,735 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €1,507 | €1,872 | +€366 | +24.3% |
| Trade debts | 44 | €10,118 | €10,035 | -€83 | -0.8% |
| Suppliers | 440/4 | €10,118 | €10,035 | -€83 | -0.8% |
| Taxes, remuneration and social security | 45 | €8,860 | €17,313 | +€8,452 | +95.4% |
| Taxes | 450/3 | €8,860 | €17,313 | +€8,452 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,426 | €2,333 | -€94 | -3.9% |
| Other operating charges | 640/8 | €471 | €880 | +€409 | +86.8% |
| Gross operating margin | 9900 | €8,342 | €25,918 | +€17,577 | +211% |
| Operating profit (loss) | 9901 | €5,445 | €22,706 | +€17,262 | +317% |
| Financial income | 75/76B | €8,751 | €10 | -€8,741 | -99.9% |
| Recurring financial income | 75 | €8,751 | €10 | -€8,741 | -99.9% |
| Financial charges | 65/66B | €2,017 | €1,298 | -€718 | -35.6% |
| Recurring financial charges | 65 | €2,017 | €1,298 | -€718 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €12,179 | €21,417 | +€9,239 | +75.9% |
| Income taxes | 67/77 | €4,360 | €7,489 | +€3,128 | +71.7% |
| Profit (loss) for the period | 9904 | €7,818 | €13,929 | +€6,110 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,818 | €13,929 | +€6,110 | +78.2% |
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 13 October 2026 via checked.be.