MATRINA: 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.
MATRINA
Largest movements
- Cash +€30,162
up €30,162 (+1096811.6%), from €3 to €30,165
mainly Net result for the year (+€26,362) and Tax, wage and social debts (+€16,231)
- Receivables within one year +€13,854
up €13,854 (+169.6%), from €8,168 to €22,022
of which Trade receivables: +€11,469
- Deferred charges and accrued income +€7,352
up €7,352 (+5278.2%), from €139 to €7,491
- Tangible fixed assets -€3,663
down €3,663 (-35.3%), from €10,370 to €6,706
- Reserves +€26,000
up €26,000 (+896.6%), from €2,900 to €28,900
- Tax, wage and social debts +€16,231
up €16,231 (+461.6%), from €3,516 to €19,747
of which Taxes: +€11,531
- Debts after one year +€5,016
new in 2025: €5,016
- Current portion of long-term debt +€2,148
new in 2025: €2,148
- Trade debts -€1,655
down €1,655 (-20.6%), from €8,039 to €6,384
- Gross operating margin +€41,469
up €41,469 (+764.6%), from €5,423 to €46,892
- Taxes +€9,290
up €9,290 (+709.7%), from €1,309 to €10,598
- Financial charges +€5,842
new in 2025: €5,842
- Depreciation +€3,043
up €3,043 (+490.4%), from €621 to €3,663
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 | €18,679 | €66,384 | +€47,705 | +255.4% |
| Fixed assets | 21/28 | €10,370 | €6,706 | -€3,663 | -35.3% |
| Tangible fixed assets | 22/27 | €10,370 | €6,706 | -€3,663 | -35.3% |
| Furniture and vehicles | 24 | €10,370 | €6,706 | -€3,663 | -35.3% |
| Current assets | 29/58 | €8,310 | €59,678 | +€51,369 | +618.2% |
| Amounts receivable within one year | 40/41 | €8,168 | €22,022 | +€13,854 | +169.6% |
| Trade receivables | 40 | €7,445 | €18,915 | +€11,469 | +154.0% |
| Other amounts receivable | 41 | €722 | €3,107 | +€2,385 | +330.2% |
| Cash at bank and in hand | 54/58 | €3 | €30,165 | +€30,162 | +1096811.6% |
| Deferred charges and accrued income | 490/1 | €139 | €7,491 | +€7,352 | +5278.2% |
| Total equity and liabilities | 10/49 | €18,679 | €66,384 | +€47,705 | +255.4% |
| Equity | 10/15 | €4,402 | €30,764 | +€26,362 | +598.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €2,900 | €28,900 | +€26,000 | +896.6% |
| Distributable reserves | 133 | €2,900 | €28,900 | +€26,000 | +896.6% |
| Profit (loss) carried forward | 14 | €2 | €364 | +€362 | +16603.7% |
| Amounts payable | 17/49 | €14,277 | €35,620 | +€21,343 | +149.5% |
| Amounts payable after more than one year | 17 | - | €5,016 | +€5,016 | |
| Financial debts | 170/4 | - | €5,016 | +€5,016 | |
| Amounts payable within one year | 42/48 | €14,277 | €30,604 | +€16,327 | +114.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,148 | +€2,148 | |
| Financial debts | 43 | €160 | €152 | -€8 | -5.0% |
| Credit institutions | 430/8 | €160 | - | -€160 | |
| Other loans | 439 | - | €152 | +€152 | |
| Trade debts | 44 | €8,039 | €6,384 | -€1,655 | -20.6% |
| Suppliers | 440/4 | €8,039 | €6,384 | -€1,655 | -20.6% |
| Taxes, remuneration and social security | 45 | €3,516 | €19,747 | +€16,231 | +461.6% |
| Taxes | 450/3 | €1,716 | €13,247 | +€11,531 | +671.8% |
| Remuneration and social security | 454/9 | €1,800 | €6,500 | +€4,700 | +261.1% |
| Other amounts payable | 47/48 | €2,562 | €2,172 | -€389 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €621 | €3,663 | +€3,043 | +490.4% |
| Other operating charges | 640/8 | €592 | €427 | -€165 | -27.8% |
| Gross operating margin | 9900 | €5,423 | €46,892 | +€41,469 | +764.6% |
| Operating profit (loss) | 9901 | €4,211 | €42,802 | +€38,591 | +916.4% |
| Financial charges | 65/66B | - | €5,842 | +€5,842 | |
| Recurring financial charges | 65 | - | €5,842 | +€5,842 | |
| Profit (loss) for the period before taxes | 9903 | €4,211 | €36,960 | +€32,749 | +777.7% |
| Income taxes | 67/77 | €1,309 | €10,598 | +€9,290 | +709.7% |
| Profit (loss) for the period | 9904 | €2,902 | €26,362 | +€23,460 | +808.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,902 | €26,362 | +€23,460 | +808.4% |
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 12 October 2026 via checked.be.