MATNESTI: 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.
MATNESTI
Largest movements
- Cash -€1,585
down €1,585 (-100%), from €1,585 to €0
mainly Debts after one year (-€12,614) and Current portion of long-term debt (-€1,961)
- Debts after one year -€12,614
down €12,614 (-62.1%), from €20,297 to €7,684
- Trade debts +€5,964
up €5,964 (+44.0%), from €13,559 to €19,522
- Tax, wage and social debts +€5,616
up €5,616 (+240%), from €2,339 to €7,955
- Reserves +€2,104
up €2,104 (+13.6%), from €15,512 to €17,616
- Current portion of long-term debt -€1,961
down €1,961 (-11.4%), from €17,261 to €15,300
- Financial charges -€407
down €407 (-27.4%), from €1,483 to €1,076
- Gross operating margin -€344
down €344 (-7.1%), from €4,841 to €4,497
- Other operating charges -€267
down €267 (-28.1%), from €949 to €682
- Depreciation -€179
down €179 (-100.0%), from €179 to €0
- Taxes +€62
up €62 (+10.8%), from €572 to €634
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 | €122,307 | €120,722 | -€1,585 | -1.3% |
| Formation expenses | 20 | €0 | €0 | -€0 | -100% |
| Fixed assets | 21/28 | €120,000 | €120,000 | = | 0.0% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €2,307 | €722 | -€1,585 | -68.7% |
| Amounts receivable within one year | 40/41 | €722 | €722 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €722 | €722 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,585 | €0 | -€1,585 | -100% |
| Total equity and liabilities | 10/49 | €122,307 | €120,722 | -€1,585 | -1.3% |
| Equity | 10/15 | €35,512 | €37,616 | +€2,104 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,512 | €17,616 | +€2,104 | +13.6% |
| Distributable reserves | 133 | €15,512 | €17,616 | +€2,104 | +13.6% |
| Amounts payable | 17/49 | €86,795 | €83,106 | -€3,689 | -4.3% |
| Amounts payable after more than one year | 17 | €20,297 | €7,684 | -€12,614 | -62.1% |
| Financial debts | 170/4 | €20,297 | €7,684 | -€12,614 | -62.1% |
| Amounts payable within one year | 42/48 | €66,497 | €75,422 | +€8,925 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,261 | €15,300 | -€1,961 | -11.4% |
| Trade debts | 44 | €13,559 | €19,522 | +€5,964 | +44.0% |
| Suppliers | 440/4 | €13,559 | €19,522 | +€5,964 | +44.0% |
| Taxes, remuneration and social security | 45 | €2,339 | €7,955 | +€5,616 | +240% |
| Taxes | 450/3 | €2,339 | €7,955 | +€5,616 | +240% |
| Other amounts payable | 47/48 | €33,339 | €32,645 | -€694 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179 | €0 | -€179 | -100.0% |
| Other operating charges | 640/8 | €949 | €682 | -€267 | -28.1% |
| Gross operating margin | 9900 | €4,841 | €4,497 | -€344 | -7.1% |
| Operating profit (loss) | 9901 | €3,713 | €3,814 | +€101 | +2.7% |
| Financial charges | 65/66B | €1,483 | €1,076 | -€407 | -27.4% |
| Recurring financial charges | 65 | €1,483 | €1,076 | -€407 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €2,230 | €2,738 | +€508 | +22.8% |
| Income taxes | 67/77 | €572 | €634 | +€62 | +10.8% |
| Profit (loss) for the period | 9904 | €1,658 | €2,104 | +€447 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,658 | €2,104 | +€447 | +26.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.