MATRAMAT: 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.
MATRAMAT
Largest movements
- Current investments -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Cash +€93,483
up €93,483 (+56.5%), from €165,373 to €258,856
mainly Net result for the year (+€303,406) and Current investments (+€100,000)
- Stocks and contracts -€89,920
down €89,920 (-18.3%), from €490,650 to €400,730
- Receivables within one year +€33,657
up €33,657 (+11.6%), from €289,004 to €322,660
of which Trade receivables: +€23,336
- Tangible fixed assets -€28,145
down €28,145 (-13.0%), from €216,774 to €188,629
of which Plant, machinery and equipment: -€30,869
- Reserves -€96,594
down €96,594 (-8.7%), from €1.1m to €1.0m
of which Distributable reserves: -€96,594
- Trade debts +€24,000
up €24,000 (+20.5%), from €117,016 to €141,016
- Gross operating margin -€176,296
down €176,296 (-24.7%), from €712,919 to €536,623
- Taxes -€42,603
down €42,603 (-29.1%), from €146,550 to €103,947
- Financial charges -€13,807
down €13,807 (-28.7%), from €48,163 to €34,357
- Financial income -€7,260
down €7,260 (-26.9%), from €26,949 to €19,689
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 | €1,762,301 | €1,674,525 | -€87,776 | -5.0% |
| Fixed assets | 21/28 | €217,274 | €189,129 | -€28,145 | -13.0% |
| Tangible fixed assets | 22/27 | €216,774 | €188,629 | -€28,145 | -13.0% |
| Plant, machinery and equipment | 23 | €204,285 | €173,416 | -€30,869 | -15.1% |
| Furniture and vehicles | 24 | €12,489 | €15,213 | +€2,724 | +21.8% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,545,027 | €1,485,397 | -€59,630 | -3.9% |
| Stocks and contracts in progress | 3 | €490,650 | €400,730 | -€89,920 | -18.3% |
| Stocks | 30/36 | €490,650 | €400,730 | -€89,920 | -18.3% |
| Amounts receivable within one year | 40/41 | €289,004 | €322,660 | +€33,657 | +11.6% |
| Trade receivables | 40 | €275,652 | €298,988 | +€23,336 | +8.5% |
| Other amounts receivable | 41 | €13,351 | €23,672 | +€10,321 | +77.3% |
| Current investments | 50/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €165,373 | €258,856 | +€93,483 | +56.5% |
| Deferred charges and accrued income | 490/1 | €0 | €3,150 | +€3,150 | |
| Total equity and liabilities | 10/49 | €1,762,301 | €1,674,525 | -€87,776 | -5.0% |
| Equity | 10/15 | €1,216,580 | €1,119,987 | -€96,594 | -7.9% |
| Contributions | 10/11 | €107,000 | €107,000 | = | 0.0% |
| Capital | 10 | €107,000 | €107,000 | = | 0.0% |
| Issued capital | 100 | €107,000 | €107,000 | = | 0.0% |
| Reserves | 13 | €1,109,580 | €1,012,987 | -€96,594 | -8.7% |
| Non-distributable reserves | 130/1 | €10,700 | €10,700 | = | 0.0% |
| Legal reserve | 130 | €10,700 | €10,700 | = | 0.0% |
| Distributable reserves | 133 | €1,098,880 | €1,002,287 | -€96,594 | -8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €545,720 | €554,539 | +€8,818 | +1.6% |
| Amounts payable within one year | 42/48 | €545,720 | €554,539 | +€8,818 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €762 | +€762 | |
| Credit institutions | 430/8 | - | €762 | +€762 | |
| Trade debts | 44 | €117,016 | €141,016 | +€24,000 | +20.5% |
| Suppliers | 440/4 | €117,016 | €141,016 | +€24,000 | +20.5% |
| Taxes, remuneration and social security | 45 | €28,664 | €12,497 | -€16,168 | -56.4% |
| Taxes | 450/3 | €24,830 | €3,067 | -€21,763 | -87.6% |
| Remuneration and social security | 454/9 | €3,834 | €9,430 | +€5,596 | +145.9% |
| Other amounts payable | 47/48 | €400,040 | €400,264 | +€224 | +0.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €66,814 | €64,871 | -€1,943 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,745 | €38,684 | +€2,939 | +8.2% |
| Other operating charges | 640/8 | €8,625 | €11,047 | +€2,422 | +28.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €712,919 | €536,623 | -€176,296 | -24.7% |
| Operating profit (loss) | 9901 | €601,735 | €422,021 | -€179,714 | -29.9% |
| Financial income | 75/76B | €26,949 | €19,689 | -€7,260 | -26.9% |
| Recurring financial income | 75 | €26,949 | €19,689 | -€7,260 | -26.9% |
| Financial charges | 65/66B | €48,163 | €34,357 | -€13,807 | -28.7% |
| Recurring financial charges | 65 | €48,163 | €34,357 | -€13,807 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €580,521 | €407,353 | -€173,168 | -29.8% |
| Income taxes | 67/77 | €146,550 | €103,947 | -€42,603 | -29.1% |
| Profit (loss) for the period | 9904 | €433,971 | €303,406 | -€130,565 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €433,971 | €303,406 | -€130,565 | -30.1% |
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 11 October 2026 via checked.be.