MATOP: 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.
MATOP
Largest movements
- Cash +€10,090
up €10,090 (+272%), from €3,711 to €13,801
mainly Net result for the year (+€13,889) and Depreciation (+€6,167)
- Receivables within one year +€8,706
up €8,706 (+55.7%), from €15,621 to €24,327
of which Trade receivables: +€8,706
- Tangible fixed assets -€6,167
down €6,167 (-36.8%), from €16,765 to €10,598
- Deferred charges and accrued income +€2,198
up €2,198 (+357%), from €616 to €2,814
- Reserves +€13,030
up €13,030 (+344%), from €3,784 to €16,814
- Other debts -€7,087
down €7,087 (-25.7%), from €27,526 to €20,440
- Tax, wage and social debts +€5,366
up €5,366 (+247%), from €2,174 to €7,540
- Trade debts +€3,519
up €3,519 (+483%), from €728 to €4,246
- Gross operating margin +€18,652
up €18,652 (+214%), from €8,698 to €27,350
- Taxes +€4,685
up €4,685 (+244%), from €1,920 to €6,605
- Depreciation +€4,431
up €4,431 (+255%), from €1,735 to €6,167
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 | €36,712 | €51,539 | +€14,827 | +40.4% |
| Fixed assets | 21/28 | €16,765 | €10,598 | -€6,167 | -36.8% |
| Tangible fixed assets | 22/27 | €16,765 | €10,598 | -€6,167 | -36.8% |
| Furniture and vehicles | 24 | €16,765 | €10,598 | -€6,167 | -36.8% |
| Current assets | 29/58 | €19,948 | €40,942 | +€20,994 | +105% |
| Amounts receivable within one year | 40/41 | €15,621 | €24,327 | +€8,706 | +55.7% |
| Trade receivables | 40 | €15,041 | €23,747 | +€8,706 | +57.9% |
| Other amounts receivable | 41 | €580 | €580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,711 | €13,801 | +€10,090 | +272% |
| Deferred charges and accrued income | 490/1 | €616 | €2,814 | +€2,198 | +357% |
| Total equity and liabilities | 10/49 | €36,712 | €51,539 | +€14,827 | +40.4% |
| Equity | 10/15 | €6,284 | €19,314 | +€13,030 | +207% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,784 | €16,814 | +€13,030 | +344% |
| Distributable reserves | 133 | €3,784 | €16,814 | +€13,030 | +344% |
| Amounts payable | 17/49 | €30,428 | €32,226 | +€1,798 | +5.9% |
| Amounts payable within one year | 42/48 | €30,428 | €32,226 | +€1,798 | +5.9% |
| Trade debts | 44 | €728 | €4,246 | +€3,519 | +483% |
| Suppliers | 440/4 | €728 | €4,246 | +€3,519 | +483% |
| Taxes, remuneration and social security | 45 | €2,174 | €7,540 | +€5,366 | +247% |
| Taxes | 450/3 | €2,174 | €7,540 | +€5,366 | +247% |
| Other amounts payable | 47/48 | €27,526 | €20,440 | -€7,087 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,735 | €6,167 | +€4,431 | +255% |
| Other operating charges | 640/8 | €459 | €609 | +€150 | +32.7% |
| Gross operating margin | 9900 | €8,698 | €27,350 | +€18,652 | +214% |
| Operating profit (loss) | 9901 | €6,504 | €20,575 | +€14,071 | +216% |
| Financial charges | 65/66B | - | €81 | +€81 | |
| Recurring financial charges | 65 | - | €81 | +€81 | |
| Profit (loss) for the period before taxes | 9903 | €6,504 | €20,493 | +€13,989 | +215% |
| Income taxes | 67/77 | €1,920 | €6,605 | +€4,685 | +244% |
| Profit (loss) for the period | 9904 | €4,584 | €13,889 | +€9,305 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €4,584 | €13,889 | +€9,305 | +203% |
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 13 October 2026 via checked.be.