MATNIKI: 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.
MATNIKI
Largest movements
- Current investments -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Cash +€817,659
up €817,659 (+953%), from €85,782 to €903,441
mainly Current investments (+€1.1m) and Net result for the year (+€348,481)
- Receivables within one year +€49,381
up €49,381 (+156%), from €31,639 to €81,019
of which Other amounts receivable: +€62,291
- Reserves -€191,174
down €191,174 (-50.8%), from €376,414 to €185,240
of which Distributable reserves: -€191,174
- Other debts +€11,791
up €11,791 (+1.6%), from €758,536 to €770,328
- Gross operating margin -€77,053
down €77,053 (-15.1%), from €510,352 to €433,299
- Financial income +€28,284
up €28,284, from €0 to €28,284
- Taxes -€27,116
down €27,116 (-20.4%), from €133,175 to €106,059
- Financial charges +€5,665
up €5,665 (+2,408%), from €235 to €5,900
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 | €1,167,421 | €988,052 | -€179,368 | -15.4% |
| Current assets | 29/58 | €1,167,421 | €988,052 | -€179,368 | -15.4% |
| Amounts receivable within one year | 40/41 | €31,639 | €81,019 | +€49,381 | +156% |
| Trade receivables | 40 | €12,911 | €0 | -€12,911 | -100% |
| Other amounts receivable | 41 | €18,728 | €81,019 | +€62,291 | +333% |
| Current investments | 50/53 | €1,050,000 | €0 | -€1.1m | -100% |
| Cash at bank and in hand | 54/58 | €85,782 | €903,441 | +€817,659 | +953% |
| Deferred charges and accrued income | 490/1 | - | €3,592 | +€3,592 | |
| Total equity and liabilities | 10/49 | €1,167,421 | €988,052 | -€179,368 | -15.4% |
| Equity | 10/15 | €395,014 | €203,840 | -€191,174 | -48.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €376,414 | €185,240 | -€191,174 | -50.8% |
| Tax-exempt reserves | 132 | €185,240 | €185,240 | = | 0.0% |
| Distributable reserves | 133 | €191,174 | €0 | -€191,174 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €772,406 | €784,212 | +€11,806 | +1.5% |
| Amounts payable within one year | 42/48 | €772,406 | €784,212 | +€11,806 | +1.5% |
| Trade debts | 44 | €1,121 | €827 | -€294 | -26.2% |
| Suppliers | 440/4 | €1,121 | €827 | -€294 | -26.2% |
| Taxes, remuneration and social security | 45 | €12,749 | €13,057 | +€308 | +2.4% |
| Taxes | 450/3 | €12,749 | €13,057 | +€308 | +2.4% |
| Other amounts payable | 47/48 | €758,536 | €770,328 | +€11,791 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €1,143 | +€615 | +116% |
| Gross operating margin | 9900 | €510,352 | €433,299 | -€77,053 | -15.1% |
| Operating profit (loss) | 9901 | €509,824 | €432,156 | -€77,668 | -15.2% |
| Financial income | 75/76B | €0 | €28,284 | +€28,284 | |
| Recurring financial income | 75 | €0 | €28,284 | +€28,284 | |
| Financial charges | 65/66B | €235 | €5,900 | +€5,665 | +2,408% |
| Recurring financial charges | 65 | €235 | €5,900 | +€5,665 | +2,408% |
| Profit (loss) for the period before taxes | 9903 | €509,589 | €454,540 | -€55,048 | -10.8% |
| Income taxes | 67/77 | €133,175 | €106,059 | -€27,116 | -20.4% |
| Profit (loss) for the period | 9904 | €376,414 | €348,481 | -€27,933 | -7.4% |
| Transfer to tax-exempt reserves | 689 | €185,240 | €0 | -€185,240 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €191,174 | €348,481 | +€157,307 | +82.3% |
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 15 October 2026 via checked.be.