MATMED: 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.
MATMED
Largest movements
- Cash -€44,651
down €44,651 (-32.8%), from €135,940 to €91,289
mainly Contributions, distributions and other (-€325,000) and Investment in fixed assets (net) (-€5,292)
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Tangible fixed assets -€9,470
down €9,470 (-43.1%), from €21,993 to €12,523
- Reserves -€123,352
down €123,352 (-95.6%), from €128,991 to €5,638
- Other debts +€34,635
up €34,635 (+11.0%), from €315,118 to €349,754
- Short-term financial debts +€11,795
new in 2025: €11,795
- Gross operating margin +€31,478
up €31,478 (+13.8%), from €227,734 to €259,212
- Taxes +€7,974
up €7,974 (+14.7%), from €54,302 to €62,276
- Financial income +€5,603
up €5,603 (+36.9%), from €15,170 to €20,774
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 | €549,021 | €471,683 | -€77,338 | -14.1% |
| Fixed assets | 21/28 | €313,660 | €304,190 | -€9,470 | -3.0% |
| Tangible fixed assets | 22/27 | €21,993 | €12,523 | -€9,470 | -43.1% |
| Furniture and vehicles | 24 | €21,993 | €12,523 | -€9,470 | -43.1% |
| Financial fixed assets | 28 | €291,667 | €291,667 | = | 0.0% |
| Current assets | 29/58 | €235,361 | €167,493 | -€67,868 | -28.8% |
| Amounts receivable within one year | 40/41 | €1,637 | €3,811 | +€2,175 | +133% |
| Trade receivables | 40 | €293 | €525 | +€232 | +79.5% |
| Other amounts receivable | 41 | €1,344 | €3,286 | +€1,942 | +145% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €135,940 | €91,289 | -€44,651 | -32.8% |
| Deferred charges and accrued income | 490/1 | €67,784 | €72,393 | +€4,608 | +6.8% |
| Total equity and liabilities | 10/49 | €549,021 | €471,683 | -€77,338 | -14.1% |
| Equity | 10/15 | €228,991 | €105,638 | -€123,352 | -53.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €128,991 | €5,638 | -€123,352 | -95.6% |
| Distributable reserves | 133 | €128,991 | €5,638 | -€123,352 | -95.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €320,030 | €366,044 | +€46,014 | +14.4% |
| Amounts payable within one year | 42/48 | €315,698 | €362,529 | +€46,831 | +14.8% |
| Financial debts | 43 | - | €11,795 | +€11,795 | |
| Credit institutions | 430/8 | - | €11,795 | +€11,795 | |
| Trade debts | 44 | €47 | €981 | +€934 | +2,008% |
| Suppliers | 440/4 | €47 | €981 | +€934 | +2,008% |
| Taxes, remuneration and social security | 45 | €533 | €0 | -€533 | -100% |
| Taxes | 450/3 | €533 | €0 | -€533 | -100% |
| Other amounts payable | 47/48 | €315,118 | €349,754 | +€34,635 | +11.0% |
| Accrued charges and deferred income | 492/3 | €4,332 | €3,515 | -€817 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,399 | €14,762 | +€363 | +2.5% |
| Other operating charges | 640/8 | €2,030 | €773 | -€1,257 | -61.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €227,734 | €259,212 | +€31,478 | +13.8% |
| Operating profit (loss) | 9901 | €211,305 | €243,677 | +€32,373 | +15.3% |
| Financial income | 75/76B | €15,170 | €20,774 | +€5,603 | +36.9% |
| Recurring financial income | 75 | €15,170 | €20,774 | +€5,603 | +36.9% |
| Financial charges | 65/66B | €88 | €527 | +€440 | +501% |
| Recurring financial charges | 65 | €88 | €527 | +€440 | +501% |
| Profit (loss) for the period before taxes | 9903 | €226,387 | €263,924 | +€37,536 | +16.6% |
| Income taxes | 67/77 | €54,302 | €62,276 | +€7,974 | +14.7% |
| Profit (loss) for the period | 9904 | €172,086 | €201,648 | +€29,562 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €172,086 | €201,648 | +€29,562 | +17.2% |
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 26 October 2026 via checked.be.