MATOCA: what changed
Two fiscal 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.
MATOCA
Largest movements
- Tangible fixed assets +€20,265
up €20,265 (+25.1%), from €80,616 to €100,880
of which Furniture and vehicles: +€22,670
- Stocks and contracts -€7,792
down €7,792 (-2.6%), from €305,187 to €297,395
- Cash -€6,571
down €6,571 (-23.8%), from €27,565 to €20,994
mainly Investment in fixed assets (net) (-€44,241) and Debts after one year (-€12,492)
- Reserves +€15,558
up €15,558 (+25.3%), from €61,504 to €77,063
- Profit (loss) carried forward -€13,741
down €13,741 (-88.3%), from €15,558 to €1,818
- Debts after one year -€12,492
down €12,492 (-21.4%), from €58,367 to €45,876
- Trade debts +€11,440
up €11,440 (+22.1%), from €51,825 to €63,266
- Other debts +€10,747
up €10,747 (+63.2%), from €16,995 to €27,742
- Write-downs +€25,498
new in 2025: €25,498
- Gross operating margin +€11,497
up €11,497 (+14.1%), from €81,812 to €93,309
- Depreciation +€3,404
up €3,404 (+16.5%), from €20,572 to €23,976
- Taxes -€3,249
down €3,249 (-43.7%), from €7,427 to €4,178
- Other operating charges -€1,108
down €1,108 (-13.0%), from €8,535 to €7,426
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.
Cash bridge derived
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 | €463,536 | €469,273 | +€5,737 | +1.2% |
| Fixed assets | 21/28 | €80,616 | €100,880 | +€20,265 | +25.1% |
| Tangible fixed assets | 22/27 | €80,616 | €100,880 | +€20,265 | +25.1% |
| Land and buildings | 22 | €72,605 | €71,403 | -€1,202 | -1.7% |
| Plant, machinery and equipment | 23 | €3,557 | €2,354 | -€1,203 | -33.8% |
| Furniture and vehicles | 24 | €4,454 | €27,124 | +€22,670 | +509.0% |
| Current assets | 29/58 | €382,920 | €368,393 | -€14,527 | -3.8% |
| Amounts receivable after more than one year | 29 | €43,965 | €43,965 | = | 0.0% |
| Other amounts receivable | 291 | €43,965 | €43,965 | = | 0.0% |
| Stocks and contracts in progress | 3 | €305,187 | €297,395 | -€7,792 | -2.6% |
| Stocks | 30/36 | €305,187 | €297,395 | -€7,792 | -2.6% |
| Amounts receivable within one year | 40/41 | - | €1,550 | +€1,550 | |
| Trade receivables | 40 | - | €1,550 | +€1,550 | |
| Cash at bank and in hand | 54/58 | €27,565 | €20,994 | -€6,571 | -23.8% |
| Deferred charges and accrued income | 490/1 | €6,204 | €4,490 | -€1,714 | -27.6% |
| Total equity and liabilities | 10/49 | €463,536 | €469,273 | +€5,737 | +1.2% |
| Equity | 10/15 | €96,063 | €97,880 | +€1,818 | +1.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €61,504 | €77,063 | +€15,558 | +25.3% |
| Distributable reserves | 133 | €61,504 | €77,063 | +€15,558 | +25.3% |
| Profit (loss) carried forward | 14 | €15,558 | €1,818 | -€13,741 | -88.3% |
| Amounts payable | 17/49 | €367,473 | €371,393 | +€3,920 | +1.1% |
| Amounts payable after more than one year | 17 | €58,367 | €45,876 | -€12,492 | -21.4% |
| Financial debts | 170/4 | €58,367 | €45,876 | -€12,492 | -21.4% |
| Amounts payable within one year | 42/48 | €307,497 | €324,017 | +€16,520 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €14,725 | €12,492 | -€2,233 | -15.2% |
| Financial debts | 43 | €175,000 | €175,000 | = | 0.0% |
| Credit institutions | 430/8 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €51,825 | €63,266 | +€11,440 | +22.1% |
| Suppliers | 440/4 | €51,825 | €63,266 | +€11,440 | +22.1% |
| Taxes, remuneration and social security | 45 | €48,952 | €45,518 | -€3,435 | -7.0% |
| Taxes | 450/3 | €46,441 | €42,199 | -€4,242 | -9.1% |
| Remuneration and social security | 454/9 | €2,512 | €3,318 | +€807 | +32.1% |
| Other amounts payable | 47/48 | €16,995 | €27,742 | +€10,747 | +63.2% |
| Accrued charges and deferred income | 492/3 | €1,609 | €1,500 | -€109 | -6.8% |
| Remuneration, social security and pensions | 62 | €11,983 | €12,141 | +€158 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,572 | €23,976 | +€3,404 | +16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €25,498 | +€25,498 | |
| Other operating charges | 640/8 | €8,535 | €7,426 | -€1,108 | -13.0% |
| Gross operating margin | 9900 | €81,812 | €93,309 | +€11,497 | +14.1% |
| Operating profit (loss) | 9901 | €40,723 | €24,268 | -€16,455 | -40.4% |
| Financial income | 75/76B | €647 | €737 | +€90 | +14.0% |
| Recurring financial income | 75 | €647 | €737 | +€90 | +14.0% |
| Financial charges | 65/66B | €18,384 | €19,010 | +€625 | +3.4% |
| Recurring financial charges | 65 | €18,384 | €19,010 | +€625 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €22,985 | €5,996 | -€16,990 | -73.9% |
| Income taxes | 67/77 | €7,427 | €4,178 | -€3,249 | -43.7% |
| Profit (loss) for the period | 9904 | €15,558 | €1,818 | -€13,741 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,558 | €1,818 | -€13,741 | -88.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.