MATOLI: 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.
MATOLI
Largest movements
- Deferred charges and accrued income +€114,255
up €114,255 (+208.5%), from €54,806 to €169,061
- Cash -€60,659
down €60,659 (-69.0%), from €87,956 to €27,297
mainly Deferred charges and accrued income (-€114,255) and Net result for the year (-€73,487)
- Tangible fixed assets +€41,515
up €41,515 (+45.9%), from €90,409 to €131,924
of which Other tangible fixed assets: +€33,020
- Receivables within one year -€28,599
down €28,599 (-30.5%), from €93,802 to €65,203
of which Other amounts receivable: -€18,888
- Debts after one year +€82,950
new in 2025: €82,950
- Accrued charges and deferred income +€77,979
up €77,979 (+159.5%), from €48,881 to €126,861
- Profit (loss) carried forward -€73,487
down €73,487, from €0 to -€73,487
- Current portion of long-term debt +€18,454
new in 2025: €18,454
- Trade debts -€14,843
down €14,843 (-18.4%), from €80,804 to €65,962
- Gross operating margin -€109,568
down €109,568, from €59,037 to -€50,531
- Depreciation +€16,032
up €16,032 (+351.8%), from €4,557 to €20,590
- Taxes -€15,723
down €15,723 (-98.9%), from €15,902 to €179
- Financial charges +€2,810
up €2,810 (+257.2%), from €1,093 to €3,902
- Financial income +€792
up €792 (+40.0%), from €1,980 to €2,773
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 | €327,017 | €393,529 | +€66,512 | +20.3% |
| Fixed assets | 21/28 | €90,453 | €131,968 | +€41,515 | +45.9% |
| Tangible fixed assets | 22/27 | €90,409 | €131,924 | +€41,515 | +45.9% |
| Land and buildings | 22 | €2,421 | €1,924 | -€497 | -20.5% |
| Furniture and vehicles | 24 | €9,133 | €18,125 | +€8,992 | +98.5% |
| Other tangible fixed assets | 26 | €78,856 | €111,875 | +€33,020 | +41.9% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €236,564 | €261,560 | +€24,997 | +10.6% |
| Amounts receivable within one year | 40/41 | €93,802 | €65,203 | -€28,599 | -30.5% |
| Trade receivables | 40 | €29,141 | €19,430 | -€9,711 | -33.3% |
| Other amounts receivable | 41 | €64,661 | €45,773 | -€18,888 | -29.2% |
| Cash at bank and in hand | 54/58 | €87,956 | €27,297 | -€60,659 | -69.0% |
| Deferred charges and accrued income | 490/1 | €54,806 | €169,061 | +€114,255 | +208.5% |
| Total equity and liabilities | 10/49 | €327,017 | €393,529 | +€66,512 | +20.3% |
| Equity | 10/15 | €165,102 | €91,615 | -€73,487 | -44.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €152,702 | €152,702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €150,842 | €150,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€73,487 | -€73,487 | |
| Amounts payable | 17/49 | €161,915 | €301,913 | +€139,999 | +86.5% |
| Amounts payable after more than one year | 17 | - | €82,950 | +€82,950 | |
| Financial debts | 170/4 | - | €82,950 | +€82,950 | |
| Amounts payable within one year | 42/48 | €113,033 | €92,103 | -€20,931 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | - | €18,454 | +€18,454 | |
| Trade debts | 44 | €80,804 | €65,962 | -€14,843 | -18.4% |
| Suppliers | 440/4 | €80,804 | €65,962 | -€14,843 | -18.4% |
| Advances received on contracts in progress | 46 | - | €4,150 | +€4,150 | |
| Taxes, remuneration and social security | 45 | €17,089 | €3,223 | -€13,866 | -81.1% |
| Taxes | 450/3 | €16,784 | €510 | -€16,274 | -97.0% |
| Remuneration and social security | 454/9 | €305 | €2,714 | +€2,409 | +789.3% |
| Other amounts payable | 47/48 | €15,140 | €314 | -€14,826 | -97.9% |
| Accrued charges and deferred income | 492/3 | €48,881 | €126,861 | +€77,979 | +159.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,557 | €20,590 | +€16,032 | +351.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €119 | €0 | -€119 | -100.0% |
| Other operating charges | 640/8 | €1,387 | €1,059 | -€328 | -23.7% |
| Gross operating margin | 9900 | €59,037 | -€50,531 | -€109,568 | |
| Operating profit (loss) | 9901 | €52,974 | -€72,179 | -€125,153 | |
| Financial income | 75/76B | €1,980 | €2,773 | +€792 | +40.0% |
| Recurring financial income | 75 | €1,980 | €2,773 | +€792 | +40.0% |
| Financial charges | 65/66B | €1,093 | €3,902 | +€2,810 | +257.2% |
| Recurring financial charges | 65 | €1,093 | €3,902 | +€2,810 | +257.2% |
| Profit (loss) for the period before taxes | 9903 | €53,862 | -€73,309 | -€127,170 | |
| Income taxes | 67/77 | €15,902 | €179 | -€15,723 | -98.9% |
| Profit (loss) for the period | 9904 | €37,960 | -€73,487 | -€111,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,960 | -€73,487 | -€111,447 |
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 2 October 2026 via checked.be.