Matrebo: 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.
Matrebo
Largest movements
- Tangible fixed assets +€32,432
up €32,432 (+312%), from €10,403 to €42,835
of which Leasing and similar rights: +€37,603
- Receivables within one year +€16,543
up €16,543 (+72.5%), from €22,810 to €39,353
of which Trade receivables: +€19,388
- Cash -€6,243
down €6,243 (-13.1%), from €47,534 to €41,292
mainly Investment in fixed assets (net) (-€36,653) and Receivables within one year (-€16,543)
- Stocks and contracts +€2,090
new in 2025: €2,090
- Deferred charges and accrued income +€1,404
up €1,404 (+120%), from €1,168 to €2,572
- Debts after one year +€20,227
new in 2025: €20,227
- Trade debts +€10,749
up €10,749 (+24.4%), from €44,137 to €54,886
- Reserves +€8,694
up €8,694 (+51.3%), from €16,956 to €25,650
- Current portion of long-term debt +€4,630
new in 2025: €4,630
- Other debts +€2,251
up €2,251 (+31.5%), from €7,138 to €9,388
- Gross operating margin +€4,287
up €4,287 (+28.5%), from €15,031 to €19,318
- Write-downs +€1,490
new in 2025: €1,490
- Depreciation +€1,407
up €1,407 (+50.0%), from €2,814 to €4,221
- Financial charges +€837
up €837 (+175%), from €478 to €1,315
- Taxes -€618
down €618 (-18.6%), from €3,317 to €2,699
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 | €81,915 | €128,141 | +€46,226 | +56.4% |
| Fixed assets | 21/28 | €10,403 | €42,835 | +€32,432 | +312% |
| Tangible fixed assets | 22/27 | €10,403 | €42,835 | +€32,432 | +312% |
| Plant, machinery and equipment | 23 | €6,796 | €2,629 | -€4,168 | -61.3% |
| Furniture and vehicles | 24 | €3,606 | €2,603 | -€1,003 | -27.8% |
| Leasing and similar rights | 25 | - | €37,603 | +€37,603 | |
| Current assets | 29/58 | €71,512 | €85,307 | +€13,794 | +19.3% |
| Stocks and contracts in progress | 3 | - | €2,090 | +€2,090 | |
| Stocks | 30/36 | - | €2,090 | +€2,090 | |
| Amounts receivable within one year | 40/41 | €22,810 | €39,353 | +€16,543 | +72.5% |
| Trade receivables | 40 | €14,844 | €34,233 | +€19,388 | +131% |
| Other amounts receivable | 41 | €7,966 | €5,121 | -€2,845 | -35.7% |
| Cash at bank and in hand | 54/58 | €47,534 | €41,292 | -€6,243 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,168 | €2,572 | +€1,404 | +120% |
| Total equity and liabilities | 10/49 | €81,915 | €128,141 | +€46,226 | +56.4% |
| Equity | 10/15 | €26,956 | €35,650 | +€8,694 | +32.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,956 | €25,650 | +€8,694 | +51.3% |
| Distributable reserves | 133 | €16,956 | €25,650 | +€8,694 | +51.3% |
| Amounts payable | 17/49 | €54,959 | €92,492 | +€37,532 | +68.3% |
| Amounts payable after more than one year | 17 | - | €20,227 | +€20,227 | |
| Financial debts | 170/4 | - | €20,227 | +€20,227 | |
| Amounts payable within one year | 42/48 | €54,576 | €71,602 | +€17,027 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,630 | +€4,630 | |
| Trade debts | 44 | €44,137 | €54,886 | +€10,749 | +24.4% |
| Suppliers | 440/4 | €44,137 | €54,886 | +€10,749 | +24.4% |
| Taxes, remuneration and social security | 45 | €3,301 | €2,699 | -€602 | -18.2% |
| Taxes | 450/3 | €3,301 | €2,699 | -€602 | -18.2% |
| Other amounts payable | 47/48 | €7,138 | €9,388 | +€2,251 | +31.5% |
| Accrued charges and deferred income | 492/3 | €384 | €663 | +€279 | +72.7% |
| Non-recurring operating income | 76A | - | €8,050 | +€8,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,814 | €4,221 | +€1,407 | +50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,490 | +€1,490 | |
| Other operating charges | 640/8 | €948 | €1,449 | +€501 | +52.9% |
| Gross operating margin | 9900 | €15,031 | €19,318 | +€4,287 | +28.5% |
| Operating profit (loss) | 9901 | €11,269 | €12,159 | +€889 | +7.9% |
| Financial income | 75/76B | €178 | €549 | +€370 | +208% |
| Recurring financial income | 75 | €178 | €549 | +€370 | +208% |
| Financial charges | 65/66B | €478 | €1,315 | +€837 | +175% |
| Recurring financial charges | 65 | €478 | €1,315 | +€837 | +175% |
| Profit (loss) for the period before taxes | 9903 | €10,969 | €11,392 | +€423 | +3.9% |
| Income taxes | 67/77 | €3,317 | €2,699 | -€618 | -18.6% |
| Profit (loss) for the period | 9904 | €7,653 | €8,694 | +€1,041 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,653 | €8,694 | +€1,041 | +13.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.