MATPOWER: 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.
MATPOWER
Largest movements
- Stocks and contracts +€74,294
up €74,294 (+363.3%), from €20,452 to €94,746
- Receivables within one year -€38,018
down €38,018 (-54.8%), from €69,317 to €31,298
of which Other amounts receivable: -€58,265
- Cash -€5,168
down €5,168 (-53.0%), from €9,752 to €4,584
mainly Stocks and contracts (-€74,294) and Trade debts (-€11,561)
- Other debts +€38,740
new in 2025: €38,740
- Trade debts -€11,561
down €11,561 (-78.5%), from €14,723 to €3,161
- Profit (loss) carried forward +€3,258
up €3,258 (+4.5%), from €73,191 to €76,449
- Gross operating margin -€12,413
down €12,413 (-70.9%), from €17,508 to €5,095
- Taxes -€3,426
down €3,426 (-80.2%), from €4,272 to €846
- Financial income -€634
down €634 (-81.6%), from €777 to €143
- Financial charges -€593
down €593 (-60.4%), from €982 to €389
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 | €102,252 | €132,615 | +€30,363 | +29.7% |
| Fixed assets | 21/28 | €2,731 | €1,986 | -€745 | -27.3% |
| Tangible fixed assets | 22/27 | €2,731 | €1,986 | -€745 | -27.3% |
| Plant, machinery and equipment | 23 | €2,731 | €1,986 | -€745 | -27.3% |
| Current assets | 29/58 | €99,521 | €130,629 | +€31,108 | +31.3% |
| Stocks and contracts in progress | 3 | €20,452 | €94,746 | +€74,294 | +363.3% |
| Stocks | 30/36 | €20,452 | €94,746 | +€74,294 | +363.3% |
| Amounts receivable within one year | 40/41 | €69,317 | €31,298 | -€38,018 | -54.8% |
| Trade receivables | 40 | €8,078 | €28,324 | +€20,247 | +250.7% |
| Other amounts receivable | 41 | €61,239 | €2,974 | -€58,265 | -95.1% |
| Cash at bank and in hand | 54/58 | €9,752 | €4,584 | -€5,168 | -53.0% |
| Total equity and liabilities | 10/49 | €102,252 | €132,615 | +€30,363 | +29.7% |
| Equity | 10/15 | €80,676 | €83,934 | +€3,258 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,286 | €1,286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,286 | €1,286 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,286 | €1,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,191 | €76,449 | +€3,258 | +4.5% |
| Amounts payable | 17/49 | €21,575 | €48,681 | +€27,105 | +125.6% |
| Amounts payable within one year | 42/48 | €21,575 | €48,681 | +€27,105 | +125.6% |
| Current portion of amounts payable after more than one year | 42 | €4,001 | €4,000 | -€1 | 0.0% |
| Trade debts | 44 | €14,723 | €3,161 | -€11,561 | -78.5% |
| Suppliers | 440/4 | €14,723 | €3,161 | -€11,561 | -78.5% |
| Taxes, remuneration and social security | 45 | €2,852 | €2,779 | -€73 | -2.6% |
| Taxes | 450/3 | €2,852 | €2,779 | -€73 | -2.6% |
| Other amounts payable | 47/48 | - | €38,740 | +€38,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745 | €745 | = | 0.0% |
| Gross operating margin | 9900 | €17,508 | €5,095 | -€12,413 | -70.9% |
| Operating profit (loss) | 9901 | €16,763 | €4,350 | -€12,413 | -74.1% |
| Financial income | 75/76B | €777 | €143 | -€634 | -81.6% |
| Recurring financial income | 75 | €777 | €143 | -€634 | -81.6% |
| Financial charges | 65/66B | €982 | €389 | -€593 | -60.4% |
| Recurring financial charges | 65 | €982 | €389 | -€593 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €16,558 | €4,104 | -€12,454 | -75.2% |
| Income taxes | 67/77 | €4,272 | €846 | -€3,426 | -80.2% |
| Profit (loss) for the period | 9904 | €12,286 | €3,258 | -€9,028 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,286 | €3,258 | -€9,028 | -73.5% |
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 5 October 2026 via checked.be.