MATRIKS: 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.
What changed
MATRIKS
NACE 47.553, Retail trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€365,936
2024 · -€2,464-€363,473
Equity
€4.3m
2024 · €4.7m-€365,936
Cash
€144,125
2024 · €69,357+€74,767
Balance sheet total
€6.0m
2024 · €6.5m-€521,469
Largest movements
Assets
- Current investments -€443,234
down €443,234 (-48.5%), from €914,629 to €471,394
- Receivables within one year -€109,212
down €109,212 (-88.3%), from €123,705 to €14,493
of which Other amounts receivable: -€108,216
- Cash +€74,767
up €74,767 (+107.8%), from €69,357 to €144,125
mainly Debts after one year (+€568,763) and Current investments (+€443,234)
Equity and liabilities
- Other debts -€713,799
down €713,799 (-49.0%), from €1.5m to €741,460
- Debts after one year +€568,763
up €568,763 (+395.7%), from €143,734 to €712,498
- Reserves -€365,936
down €365,936 (-7.9%), from €4.6m to €4.2m
of which Distributable reserves: -€339,672
Income statement
- Gross operating margin -€416,011
down €416,011, from €388,256 to -€27,755
- Other operating charges -€41,865
down €41,865 (-68.9%), from €60,729 to €18,864
- Financial income -€34,540
down €34,540 (-67.8%), from €50,919 to €16,379
- Staff costs -€30,964
down €30,964 (-80.2%), from €38,593 to €7,629
- Financial charges +€17,768
up €17,768 (+13.4%), from €132,898 to €150,666
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.
Result 2024
-€2,464
Gross operating margin
-€416,011
Staff costs
+€30,964
Depreciation
-€3,158
Other operating charges
+€41,865
Other operating items
-€11,173
Financial income
-€34,540
Financial charges
-€17,768
Taxes
+€163
Deferred taxes and other
+€46,186
Result 2025
-€365,936
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.
From operations
-€780,757
Investment
+€286,368
Financing
+€569,156
Cash 2024
€69,357
From operations (derived)
-€780,757
Net result for the year
-€365,936
Depreciation
+€174,591
Stocks and contracts
+€26,685
Receivables within one year
+€109,212
Smaller working-capital items
+€354
Provisions
-€8,755
Tax, wage and social debts
+€1,919
Other debts
-€713,799
Accrued charges and deferred income
-€5,028
Investment (derived)
+€286,368
Investment in fixed assets (net)
-€156,866
Current investments
+€443,234
Financing
+€569,156
Debts after one year
+€568,763
Current portion of long-term debt
+€393
Cash 2025
€144,125
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,475,857 | €5,954,388 | -€521,469 | -8.1% |
| Fixed assets | 21/28 | €5,242,694 | €5,224,969 | -€17,724 | -0.3% |
| Tangible fixed assets | 22/27 | €5,237,631 | €5,219,862 | -€17,769 | -0.3% |
| Land and buildings | 22 | €4,546,441 | €4,584,873 | +€38,432 | +0.8% |
| Plant, machinery and equipment | 23 | €44,319 | €48,907 | +€4,588 | +10.4% |
| Furniture and vehicles | 24 | €220,016 | €177,274 | -€42,742 | -19.4% |
| Leasing and similar rights | 25 | €426,855 | - | -€426,855 | |
| Other tangible fixed assets | 26 | - | €408,808 | +€408,808 | |
| Financial fixed assets | 28 | €5,063 | €5,108 | +€45 | +0.9% |
| Current assets | 29/58 | €1,233,163 | €729,418 | -€503,745 | -40.8% |
| Stocks and contracts in progress | 3 | €124,137 | €97,452 | -€26,685 | -21.5% |
| Stocks | 30/36 | €124,137 | €97,452 | -€26,685 | -21.5% |
| Amounts receivable within one year | 40/41 | €123,705 | €14,493 | -€109,212 | -88.3% |
| Trade receivables | 40 | €8,560 | €7,563 | -€997 | -11.6% |
| Other amounts receivable | 41 | €115,146 | €6,930 | -€108,216 | -94.0% |
| Current investments | 50/53 | €914,629 | €471,394 | -€443,234 | -48.5% |
| Cash at bank and in hand | 54/58 | €69,357 | €144,125 | +€74,767 | +107.8% |
| Deferred charges and accrued income | 490/1 | €1,335 | €1,955 | +€620 | +46.4% |
| Total equity and liabilities | 10/49 | €6,475,857 | €5,954,388 | -€521,469 | -8.1% |
| Equity | 10/15 | €4,674,097 | €4,308,161 | -€365,936 | -7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,612,097 | €4,246,161 | -€365,936 | -7.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €478,649 | €452,385 | -€26,264 | -5.5% |
| Distributable reserves | 133 | €4,127,248 | €3,787,576 | -€339,672 | -8.2% |
| Provisions and deferred taxes | 16 | €147,050 | €138,295 | -€8,755 | -6.0% |
| Deferred taxes | 168 | €147,050 | €138,295 | -€8,755 | -6.0% |
| Amounts payable | 17/49 | €1,654,710 | €1,507,932 | -€146,778 | -8.9% |
| Amounts payable after more than one year | 17 | €143,734 | €712,498 | +€568,763 | +395.7% |
| Financial debts | 170/4 | €143,734 | €712,498 | +€568,763 | +395.7% |
| Amounts payable within one year | 42/48 | €1,505,948 | €795,434 | -€710,513 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €30,844 | €31,237 | +€393 | +1.3% |
| Trade debts | 44 | €15,945 | €17,049 | +€1,104 | +6.9% |
| Suppliers | 440/4 | €15,945 | €17,049 | +€1,104 | +6.9% |
| Advances received on contracts in progress | 46 | €2,096 | €1,966 | -€130 | -6.2% |
| Taxes, remuneration and social security | 45 | €1,803 | €3,722 | +€1,919 | +106.4% |
| Taxes | 450/3 | - | €3,722 | +€3,722 | |
| Remuneration and social security | 454/9 | €1,803 | - | -€1,803 | |
| Other amounts payable | 47/48 | €1,455,259 | €741,460 | -€713,799 | -49.0% |
| Accrued charges and deferred income | 492/3 | €5,028 | - | -€5,028 | |
| Non-recurring operating income | 76A | €188,554 | - | -€188,554 | |
| Remuneration, social security and pensions | 62 | €38,593 | €7,629 | -€30,964 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,433 | €174,591 | +€3,158 | +1.8% |
| Other operating charges | 640/8 | €60,729 | €18,864 | -€41,865 | -68.9% |
| Non-recurring operating charges | 66A | - | €11,173 | +€11,173 | |
| Gross operating margin | 9900 | €388,256 | -€27,755 | -€416,011 | |
| Operating profit (loss) | 9901 | €117,501 | -€240,012 | -€357,513 | |
| Financial income | 75/76B | €50,919 | €16,379 | -€34,540 | -67.8% |
| Recurring financial income | 75 | €50,919 | €16,379 | -€34,540 | -67.8% |
| Financial charges | 65/66B | €132,898 | €150,666 | +€17,768 | +13.4% |
| Recurring financial charges | 65 | €132,898 | €150,666 | +€17,768 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €35,522 | -€374,299 | -€409,821 | |
| Transfer from deferred taxes | 780 | €7,615 | €8,755 | +€1,140 | +15.0% |
| Transfer to deferred taxes | 680 | €45,046 | - | -€45,046 | |
| Income taxes | 67/77 | €555 | €392 | -€163 | -29.3% |
| Profit (loss) for the period | 9904 | -€2,464 | -€365,936 | -€363,473 | -14752.9% |
| Transfer from tax-exempt reserves | 789 | €22,845 | €26,264 | +€3,420 | +15.0% |
| Transfer to tax-exempt reserves | 689 | €135,138 | - | -€135,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,757 | -€339,672 | -€224,915 | -196.0% |
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 3 October 2026 via checked.be.