MATONLINE: 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.
MATONLINE
Largest movements
- Receivables within one year -€77,645
down €77,645 (-49.8%), from €155,958 to €78,313
of which Trade receivables: -€77,645
- Tangible fixed assets -€33,298
down €33,298 (-26.8%), from €124,339 to €91,041
of which Leasing and similar rights: -€30,372
- Other debts -€88,549
down €88,549 (-63.3%), from €139,872 to €51,324
- Debts after one year -€27,085
down €27,085 (-32.4%), from €83,530 to €56,445
- Trade debts -€24,952
down €24,952 (-33.8%), from €73,926 to €48,974
- Profit (loss) carried forward +€20,566
up €20,566 (+32.9%), from -€62,494 to -€41,928
- Tax, wage and social debts +€8,609
up €8,609 (+467%), from €1,842 to €10,450
of which Taxes: +€6,190
- Gross operating margin +€57,448
up €57,448 (+357%), from €16,111 to €73,560
- Staff costs -€18,563
down €18,563 (-67.2%), from €27,637 to €9,073
- Other operating charges -€4,248
down €4,248 (-70.1%), from €6,061 to €1,812
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 | €282,370 | €171,342 | -€111,028 | -39.3% |
| Fixed assets | 21/28 | €124,702 | €91,404 | -€33,298 | -26.7% |
| Tangible fixed assets | 22/27 | €124,339 | €91,041 | -€33,298 | -26.8% |
| Plant, machinery and equipment | 23 | €3,888 | €4,065 | +€176 | +4.5% |
| Furniture and vehicles | 24 | €11,045 | €7,943 | -€3,102 | -28.1% |
| Leasing and similar rights | 25 | €109,405 | €79,033 | -€30,372 | -27.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €157,668 | €79,938 | -€77,730 | -49.3% |
| Amounts receivable within one year | 40/41 | €155,958 | €78,313 | -€77,645 | -49.8% |
| Trade receivables | 40 | €155,360 | €77,715 | -€77,645 | -50.0% |
| Other amounts receivable | 41 | €598 | €598 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,625 | €1,625 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €282,370 | €171,342 | -€111,028 | -39.3% |
| Equity | 10/15 | -€43,874 | -€23,308 | +€20,566 | +46.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21 | €21 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21 | €21 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21 | €21 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,494 | -€41,928 | +€20,566 | +32.9% |
| Amounts payable | 17/49 | €326,243 | €194,650 | -€131,594 | -40.3% |
| Amounts payable after more than one year | 17 | €83,530 | €56,445 | -€27,085 | -32.4% |
| Financial debts | 170/4 | €83,530 | €56,445 | -€27,085 | -32.4% |
| Amounts payable within one year | 42/48 | €242,713 | €138,204 | -€104,509 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €25,882 | €26,718 | +€835 | +3.2% |
| Financial debts | 43 | €1,190 | €739 | -€452 | -37.9% |
| Credit institutions | 430/8 | €1,190 | €739 | -€452 | -37.9% |
| Trade debts | 44 | €73,926 | €48,974 | -€24,952 | -33.8% |
| Suppliers | 440/4 | €73,926 | €48,974 | -€24,952 | -33.8% |
| Taxes, remuneration and social security | 45 | €1,842 | €10,450 | +€8,609 | +467% |
| Taxes | 450/3 | €963 | €7,153 | +€6,190 | +643% |
| Remuneration and social security | 454/9 | €879 | €3,297 | +€2,419 | +275% |
| Other amounts payable | 47/48 | €139,872 | €51,324 | -€88,549 | -63.3% |
| Remuneration, social security and pensions | 62 | €27,637 | €9,073 | -€18,563 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,609 | €35,210 | -€399 | -1.1% |
| Other operating charges | 640/8 | €6,061 | €1,812 | -€4,248 | -70.1% |
| Gross operating margin | 9900 | €16,111 | €73,560 | +€57,448 | +357% |
| Operating profit (loss) | 9901 | -€53,195 | €27,464 | +€80,658 | |
| Financial charges | 65/66B | €7,028 | €6,363 | -€665 | -9.5% |
| Recurring financial charges | 65 | €7,028 | €6,363 | -€665 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€60,222 | €21,101 | +€81,323 | |
| Income taxes | 67/77 | €469 | €534 | +€65 | +13.9% |
| Profit (loss) for the period | 9904 | -€60,692 | €20,566 | +€81,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,692 | €20,566 | +€81,258 |
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.