MATMAN: what changed
MATMAN
Largest movements
- Cash -€74,797
down €74,797 (-70.6%), from €105,908 to €31,111
mainly Contributions, distributions and other (-€105,882) and Investment in fixed assets (net) (-€23,933)
- Tangible fixed assets +€16,444
up €16,444 (+64.0%), from €25,684 to €42,128
of which Furniture and vehicles: +€18,571
- Current investments +€12,000
new in 2025: €12,000
- Stocks and contracts -€9,791
down €9,791 (-55.3%), from €17,698 to €7,907
- Deferred charges and accrued income +€3,503
up €3,503 (+2,484%), from €141 to €3,644
- Profit (loss) carried forward -€70,825
down €70,825 (-62.4%), from €113,575 to €42,750
- Other debts +€23,984
up €23,984 (+195%), from €12,311 to €36,295
- Trade debts -€22,870
down €22,870 (-64.0%), from €35,747 to €12,877
- Tax, wage and social debts +€16,295
up €16,295 (+76.5%), from €21,311 to €37,606
- Gross operating margin -€3,684
down €3,684 (-6.4%), from €57,923 to €54,239
- Depreciation +€3,376
up €3,376 (+82.1%), from €4,113 to €7,489
- Taxes -€1,926
down €1,926 (-18.0%), from €10,727 to €8,801
- Financial charges -€919
down €919 (-38.9%), from €2,365 to €1,446
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 | €185,055 | €131,695 | -€53,360 | -28.8% |
| Fixed assets | 21/28 | €25,684 | €42,128 | +€16,444 | +64.0% |
| Tangible fixed assets | 22/27 | €25,684 | €42,128 | +€16,444 | +64.0% |
| Land and buildings | 22 | €20,691 | €18,587 | -€2,104 | -10.2% |
| Plant, machinery and equipment | 23 | €2,343 | €2,320 | -€23 | -1.0% |
| Furniture and vehicles | 24 | €2,650 | €21,221 | +€18,571 | +701% |
| Current assets | 29/58 | €159,371 | €89,567 | -€69,804 | -43.8% |
| Stocks and contracts in progress | 3 | €17,698 | €7,907 | -€9,791 | -55.3% |
| Stocks | 30/36 | €17,698 | €7,907 | -€9,791 | -55.3% |
| Amounts receivable within one year | 40/41 | €35,624 | €34,905 | -€719 | -2.0% |
| Trade receivables | 40 | €35,624 | €34,905 | -€719 | -2.0% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €105,908 | €31,111 | -€74,797 | -70.6% |
| Deferred charges and accrued income | 490/1 | €141 | €3,644 | +€3,503 | +2,484% |
| Total equity and liabilities | 10/49 | €185,055 | €131,695 | -€53,360 | -28.8% |
| Equity | 10/15 | €114,575 | €43,750 | -€70,825 | -61.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,575 | €42,750 | -€70,825 | -62.4% |
| Amounts payable | 17/49 | €70,480 | €87,945 | +€17,465 | +24.8% |
| Amounts payable within one year | 42/48 | €69,369 | €86,778 | +€17,409 | +25.1% |
| Trade debts | 44 | €35,747 | €12,877 | -€22,870 | -64.0% |
| Suppliers | 440/4 | €35,747 | €12,877 | -€22,870 | -64.0% |
| Taxes, remuneration and social security | 45 | €21,311 | €37,606 | +€16,295 | +76.5% |
| Taxes | 450/3 | €21,311 | €37,606 | +€16,295 | +76.5% |
| Other amounts payable | 47/48 | €12,311 | €36,295 | +€23,984 | +195% |
| Accrued charges and deferred income | 492/3 | €1,111 | €1,167 | +€56 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,113 | €7,489 | +€3,376 | +82.1% |
| Other operating charges | 640/8 | €1,087 | €1,446 | +€359 | +33.0% |
| Gross operating margin | 9900 | €57,923 | €54,239 | -€3,684 | -6.4% |
| Operating profit (loss) | 9901 | €52,723 | €45,304 | -€7,419 | -14.1% |
| Financial income | 75/76B | €429 | - | -€429 | |
| Recurring financial income | 75 | €429 | - | -€429 | |
| Financial charges | 65/66B | €2,365 | €1,446 | -€919 | -38.9% |
| Recurring financial charges | 65 | €2,365 | €1,446 | -€919 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €50,787 | €43,858 | -€6,929 | -13.6% |
| Income taxes | 67/77 | €10,727 | €8,801 | -€1,926 | -18.0% |
| Profit (loss) for the period | 9904 | €40,060 | €35,057 | -€5,003 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,060 | €35,057 | -€5,003 | -12.5% |
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.