MATREX: 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.
MATREX
Largest movements
- Current investments -€750,000
down €750,000 (-67.2%), from €1.1m to €366,637
- Cash +€515,199
up €515,199 (+98.8%), from €521,647 to €1.0m
mainly Current investments (+€750,000) and Depreciation (+€73,639)
- Reserves -€122,378
down €122,378 (-4.0%), from €3.0m to €2.9m
of which Distributable reserves: -€122,378
- Tax, wage and social debts -€118,910
down €118,910 (-93.8%), from €126,726 to €7,816
- Financial income -€1.2m
down €1.2m (-97.4%), from €1.3m to €33,003
- Gross operating margin -€190,316
down €190,316, from €115,091 to -€75,224
- Taxes -€140,063
down €140,063 (-99.8%), from €140,277 to €214
- Depreciation +€11,895
up €11,895 (+19.3%), from €61,745 to €73,639
- Financial charges +€11,550
up €11,550, from -€10,190 to €1,359
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 | €3,276,545 | €3,030,315 | -€246,231 | -7.5% |
| Fixed assets | 21/28 | €1,482,297 | €1,472,353 | -€9,944 | -0.7% |
| Tangible fixed assets | 22/27 | €1,482,092 | €1,472,148 | -€9,944 | -0.7% |
| Land and buildings | 22 | €1,379,975 | €1,374,594 | -€5,381 | -0.4% |
| Plant, machinery and equipment | 23 | €985 | €9,820 | +€8,836 | +897% |
| Furniture and vehicles | 24 | €85,379 | €73,891 | -€11,488 | -13.5% |
| Other tangible fixed assets | 26 | €15,753 | €13,842 | -€1,911 | -12.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €1,794,249 | €1,557,962 | -€236,287 | -13.2% |
| Amounts receivable after more than one year | 29 | €98,515 | €119,597 | +€21,082 | +21.4% |
| Other amounts receivable | 291 | €98,515 | €119,597 | +€21,082 | +21.4% |
| Amounts receivable within one year | 40/41 | €53,565 | €33,166 | -€20,399 | -38.1% |
| Trade receivables | 40 | €51,772 | €19,752 | -€32,019 | -61.8% |
| Other amounts receivable | 41 | €1,794 | €13,414 | +€11,620 | +648% |
| Current investments | 50/53 | €1,116,637 | €366,637 | -€750,000 | -67.2% |
| Cash at bank and in hand | 54/58 | €521,647 | €1,036,847 | +€515,199 | +98.8% |
| Deferred charges and accrued income | 490/1 | €3,885 | €1,716 | -€2,168 | -55.8% |
| Total equity and liabilities | 10/49 | €3,276,545 | €3,030,315 | -€246,231 | -7.5% |
| Equity | 10/15 | €3,039,413 | €2,917,035 | -€122,378 | -4.0% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €3,033,057 | €2,910,680 | -€122,378 | -4.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €3,031,182 | €2,908,805 | -€122,378 | -4.0% |
| Provisions and deferred taxes | 16 | €99,373 | €99,373 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €99,373 | €99,373 | = | 0.0% |
| Pensions and similar obligations | 160 | €99,373 | €99,373 | = | 0.0% |
| Amounts payable | 17/49 | €137,760 | €13,907 | -€123,853 | -89.9% |
| Amounts payable within one year | 42/48 | €137,760 | €13,907 | -€123,853 | -89.9% |
| Trade debts | 44 | €11,034 | €6,092 | -€4,943 | -44.8% |
| Suppliers | 440/4 | €11,034 | €6,092 | -€4,943 | -44.8% |
| Taxes, remuneration and social security | 45 | €126,726 | €7,816 | -€118,910 | -93.8% |
| Taxes | 450/3 | €126,726 | €7,816 | -€118,910 | -93.8% |
| Non-recurring operating income | 76A | €13,014 | - | -€13,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,745 | €73,639 | +€11,895 | +19.3% |
| Other operating charges | 640/8 | €5,143 | €4,943 | -€200 | -3.9% |
| Gross operating margin | 9900 | €115,091 | -€75,224 | -€190,316 | |
| Operating profit (loss) | 9901 | €48,203 | -€153,807 | -€202,010 | |
| Financial income | 75/76B | €1,267,276 | €33,003 | -€1.2m | -97.4% |
| Recurring financial income | 75 | €1,267,276 | €33,003 | -€1.2m | -97.4% |
| Financial charges | 65/66B | -€10,190 | €1,359 | +€11,550 | |
| Recurring financial charges | 65 | -€10,190 | €1,359 | +€11,550 | |
| Profit (loss) for the period before taxes | 9903 | €1,325,670 | -€122,164 | -€1.4m | |
| Income taxes | 67/77 | €140,277 | €214 | -€140,063 | -99.8% |
| Profit (loss) for the period | 9904 | €1,185,393 | -€122,378 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,185,393 | -€122,378 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.