MATONI: 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.
MATONI
Largest movements
- Receivables within one year -€72,642
down €72,642 (-11.2%), from €646,652 to €574,009
of which Other amounts receivable: -€45,742
- Cash +€45,241
up €45,241 (+604.1%), from €7,489 to €52,729
mainly Net result for the year (+€87,858) and Receivables within one year (+€72,642)
- Reserves -€32,142
down €32,142 (-1.8%), from €1.8m to €1.7m
of which Distributable reserves: -€32,142
- Gross operating margin -€123,986
down €123,986 (-74.6%), from €166,235 to €42,248
- Financial income -€81,974
down €81,974 (-57.9%), from €141,495 to €59,520
- Taxes -€33,454
down €33,454 (-77.9%), from €42,940 to €9,485
- Other operating charges +€1,967
up €1,967 (+168.9%), from €1,165 to €3,132
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 | €2,247,324 | €2,202,294 | -€45,029 | -2.0% |
| Fixed assets | 21/28 | €903,415 | €902,641 | -€774 | -0.1% |
| Tangible fixed assets | 22/27 | €2,936 | €2,162 | -€774 | -26.4% |
| Furniture and vehicles | 24 | €2,936 | €2,162 | -€774 | -26.4% |
| Financial fixed assets | 28 | €900,479 | €900,479 | = | 0.0% |
| Current assets | 29/58 | €1,343,909 | €1,299,653 | -€44,256 | -3.3% |
| Amounts receivable after more than one year | 29 | €687,500 | €672,500 | -€15,000 | -2.2% |
| Other amounts receivable | 291 | €687,500 | €672,500 | -€15,000 | -2.2% |
| Amounts receivable within one year | 40/41 | €646,652 | €574,009 | -€72,642 | -11.2% |
| Trade receivables | 40 | €55,768 | €28,868 | -€26,900 | -48.2% |
| Other amounts receivable | 41 | €590,884 | €545,141 | -€45,742 | -7.7% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €7,489 | €52,729 | +€45,241 | +604.1% |
| Deferred charges and accrued income | 490/1 | €2,268 | €414 | -€1,854 | -81.7% |
| Total equity and liabilities | 10/49 | €2,247,324 | €2,202,294 | -€45,029 | -2.0% |
| Equity | 10/15 | €1,857,808 | €1,825,666 | -€32,142 | -1.7% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | €82,000 | = | 0.0% |
| Issued capital | 100 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €1,775,808 | €1,743,666 | -€32,142 | -1.8% |
| Non-distributable reserves | 130/1 | €8,200 | €8,200 | = | 0.0% |
| Legal reserve | 130 | €8,200 | €8,200 | = | 0.0% |
| Distributable reserves | 133 | €1,767,608 | €1,735,466 | -€32,142 | -1.8% |
| Amounts payable | 17/49 | €389,516 | €376,628 | -€12,888 | -3.3% |
| Amounts payable within one year | 42/48 | €352,316 | €338,228 | -€14,088 | -4.0% |
| Financial debts | 43 | €5,072 | - | -€5,072 | |
| Credit institutions | 430/8 | €5,072 | - | -€5,072 | |
| Trade debts | 44 | €1,506 | €325 | -€1,181 | -78.4% |
| Suppliers | 440/4 | €1,506 | €325 | -€1,181 | -78.4% |
| Taxes, remuneration and social security | 45 | €31,310 | €35,985 | +€4,675 | +14.9% |
| Taxes | 450/3 | €31,310 | €35,985 | +€4,675 | +14.9% |
| Other amounts payable | 47/48 | €314,429 | €301,918 | -€12,510 | -4.0% |
| Accrued charges and deferred income | 492/3 | €37,200 | €38,400 | +€1,200 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €774 | +€249 | +47.4% |
| Other operating charges | 640/8 | €1,165 | €3,132 | +€1,967 | +168.9% |
| Gross operating margin | 9900 | €166,235 | €42,248 | -€123,986 | -74.6% |
| Operating profit (loss) | 9901 | €164,545 | €38,343 | -€126,202 | -76.7% |
| Financial income | 75/76B | €141,495 | €59,520 | -€81,974 | -57.9% |
| Recurring financial income | 75 | €141,495 | €59,520 | -€81,974 | -57.9% |
| Financial charges | 65/66B | €433 | €520 | +€87 | +20.0% |
| Recurring financial charges | 65 | €433 | €520 | +€87 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €305,607 | €97,344 | -€208,263 | -68.1% |
| Income taxes | 67/77 | €42,940 | €9,485 | -€33,454 | -77.9% |
| Profit (loss) for the period | 9904 | €262,667 | €87,858 | -€174,809 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €262,667 | €87,858 | -€174,809 | -66.6% |
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 12 October 2026 via checked.be.