MATON CARL: 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.
MATON CARL
Largest movements
- Cash +€101,909
up €101,909 (+26.1%), from €390,125 to €492,034
mainly Tax, wage and social debts (+€62,915) and Net result for the year (+€47,802)
- Stocks and contracts +€34,191
up €34,191 (+49.4%), from €69,278 to €103,468
- Tangible fixed assets -€15,341
down €15,341 (-32.2%), from €47,683 to €32,342
of which Furniture and vehicles: -€9,600
- Tax, wage and social debts +€62,915
up €62,915 (+1,792%), from €3,511 to €66,426
of which Taxes: +€62,915
- Reserves +€47,802
up €47,802 (+26.9%), from €177,635 to €225,437
of which Distributable reserves: +€67,494
- Gross operating margin -€151,666
down €151,666 (-62.8%), from €241,397 to €89,732
- Taxes -€15,736
down €15,736 (-44.9%), from €35,067 to €19,331
- Depreciation -€7,331
down €7,331 (-32.3%), from €22,672 to €15,341
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 | €520,371 | €638,928 | +€118,557 | +22.8% |
| Fixed assets | 21/28 | €47,826 | €32,485 | -€15,341 | -32.1% |
| Tangible fixed assets | 22/27 | €47,683 | €32,342 | -€15,341 | -32.2% |
| Land and buildings | 22 | €5,741 | €0 | -€5,741 | -100% |
| Furniture and vehicles | 24 | €41,942 | €32,342 | -€9,600 | -22.9% |
| Financial fixed assets | 28 | €143 | €143 | = | 0.0% |
| Current assets | 29/58 | €472,545 | €606,443 | +€133,898 | +28.3% |
| Stocks and contracts in progress | 3 | €69,278 | €103,468 | +€34,191 | +49.4% |
| Stocks | 30/36 | €69,278 | €103,468 | +€34,191 | +49.4% |
| Amounts receivable within one year | 40/41 | €10,355 | €8,104 | -€2,250 | -21.7% |
| Trade receivables | 40 | €798 | €3,933 | +€3,135 | +393% |
| Other amounts receivable | 41 | €9,557 | €4,171 | -€5,385 | -56.4% |
| Cash at bank and in hand | 54/58 | €390,125 | €492,034 | +€101,909 | +26.1% |
| Deferred charges and accrued income | 490/1 | €2,788 | €2,837 | +€49 | +1.8% |
| Total equity and liabilities | 10/49 | €520,371 | €638,928 | +€118,557 | +22.8% |
| Equity | 10/15 | €221,235 | €269,037 | +€47,802 | +21.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €177,635 | €225,437 | +€47,802 | +26.9% |
| Non-distributable reserves | 130/1 | €19,692 | - | -€19,692 | |
| Financial assistance | 1313 | €19,692 | - | -€19,692 | |
| Tax-exempt reserves | 132 | €35,137 | €35,137 | = | 0.0% |
| Distributable reserves | 133 | €122,806 | €190,300 | +€67,494 | +55.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €299,136 | €369,891 | +€70,756 | +23.7% |
| Amounts payable within one year | 42/48 | €299,136 | €369,891 | +€70,756 | +23.7% |
| Trade debts | 44 | €281 | €5,602 | +€5,321 | +1,894% |
| Suppliers | 440/4 | €281 | €5,602 | +€5,321 | +1,894% |
| Taxes, remuneration and social security | 45 | €3,511 | €66,426 | +€62,915 | +1,792% |
| Taxes | 450/3 | €1,907 | €64,822 | +€62,915 | +3,299% |
| Remuneration and social security | 454/9 | €1,604 | €1,604 | = | 0.0% |
| Other amounts payable | 47/48 | €295,344 | €297,864 | +€2,520 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,672 | €15,341 | -€7,331 | -32.3% |
| Other operating charges | 640/8 | €3,123 | €935 | -€2,188 | -70.1% |
| Gross operating margin | 9900 | €241,397 | €89,732 | -€151,666 | -62.8% |
| Operating profit (loss) | 9901 | €215,603 | €73,456 | -€142,147 | -65.9% |
| Financial income | 75/76B | €50 | €25 | -€26 | -51.1% |
| Recurring financial income | 75 | €50 | €25 | -€26 | -51.1% |
| Financial charges | 65/66B | €6,358 | €6,348 | -€11 | -0.2% |
| Recurring financial charges | 65 | €6,358 | €6,348 | -€11 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €209,295 | €67,133 | -€142,162 | -67.9% |
| Income taxes | 67/77 | €35,067 | €19,331 | -€15,736 | -44.9% |
| Profit (loss) for the period | 9904 | €174,228 | €47,802 | -€126,426 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €174,228 | €47,802 | -€126,426 | -72.6% |
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 19 October 2026 via checked.be.