MATRIX-EVENTS: 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.
MATRIX-EVENTS
Largest movements
- Receivables within one year -€20,318
down €20,318 (-44.8%), from €45,345 to €25,027
of which Trade receivables: -€23,986
- Cash -€11,627
down €11,627 (-59.3%), from €19,605 to €7,978
mainly Investment in fixed assets (net) (-€61,812) and Debts after one year (-€18,514)
- Tangible fixed assets -€3,685
down €3,685 (-2.2%), from €166,729 to €163,044
of which Plant, machinery and equipment: -€4,145
- Debts after one year -€18,514
down €18,514 (-19.8%), from €93,552 to €75,037
of which Financial debts: -€10,514
- Reserves -€13,540
down €13,540 (-25.4%), from €53,283 to €39,743
- Trade debts -€4,741
down €4,741 (-29.9%), from €15,864 to €11,124
- Tax, wage and social debts -€3,695
down €3,695 (-43.2%), from €8,549 to €4,854
- Depreciation +€18,597
up €18,597 (+39.7%), from €46,899 to €65,497
- Gross operating margin +€3,973
up €3,973 (+7.6%), from €52,315 to €56,287
- Financial charges -€986
down €986 (-23.5%), from €4,190 to €3,204
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 | €234,505 | €196,997 | -€37,508 | -16.0% |
| Fixed assets | 21/28 | €166,729 | €163,044 | -€3,685 | -2.2% |
| Tangible fixed assets | 22/27 | €166,729 | €163,044 | -€3,685 | -2.2% |
| Plant, machinery and equipment | 23 | €53,605 | €49,460 | -€4,145 | -7.7% |
| Furniture and vehicles | 24 | €113,124 | €113,584 | +€460 | +0.4% |
| Current assets | 29/58 | €67,776 | €33,953 | -€33,823 | -49.9% |
| Amounts receivable within one year | 40/41 | €45,345 | €25,027 | -€20,318 | -44.8% |
| Trade receivables | 40 | €45,345 | €21,359 | -€23,986 | -52.9% |
| Other amounts receivable | 41 | €0 | €3,668 | +€3,668 | |
| Cash at bank and in hand | 54/58 | €19,605 | €7,978 | -€11,627 | -59.3% |
| Deferred charges and accrued income | 490/1 | €2,825 | €948 | -€1,878 | -66.5% |
| Total equity and liabilities | 10/49 | €234,505 | €196,997 | -€37,508 | -16.0% |
| Equity | 10/15 | €55,783 | €42,243 | -€13,540 | -24.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,283 | €39,743 | -€13,540 | -25.4% |
| Distributable reserves | 133 | €53,283 | €39,743 | -€13,540 | -25.4% |
| Amounts payable | 17/49 | €178,721 | €154,753 | -€23,968 | -13.4% |
| Amounts payable after more than one year | 17 | €93,552 | €75,037 | -€18,514 | -19.8% |
| Financial debts | 170/4 | €74,552 | €64,037 | -€10,514 | -14.1% |
| Other amounts payable | 178/9 | €19,000 | €11,000 | -€8,000 | -42.1% |
| Amounts payable within one year | 42/48 | €85,170 | €79,716 | -€5,453 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €23,824 | €25,954 | +€2,130 | +8.9% |
| Financial debts | 43 | €19 | €96 | +€77 | +400% |
| Credit institutions | 430/8 | €19 | €96 | +€77 | +400% |
| Trade debts | 44 | €15,864 | €11,124 | -€4,741 | -29.9% |
| Suppliers | 440/4 | €15,864 | €11,124 | -€4,741 | -29.9% |
| Taxes, remuneration and social security | 45 | €8,549 | €4,854 | -€3,695 | -43.2% |
| Taxes | 450/3 | €8,549 | €4,854 | -€3,695 | -43.2% |
| Other amounts payable | 47/48 | €36,913 | €37,689 | +€775 | +2.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €866 | €0 | -€866 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,899 | €65,497 | +€18,597 | +39.7% |
| Other operating charges | 640/8 | €754 | €1,146 | +€393 | +52.1% |
| Gross operating margin | 9900 | €52,315 | €56,287 | +€3,973 | +7.6% |
| Operating profit (loss) | 9901 | €4,662 | -€10,356 | -€15,017 | |
| Financial income | 75/76B | €56 | €19 | -€37 | -65.4% |
| Recurring financial income | 75 | €56 | €19 | -€37 | -65.4% |
| Financial charges | 65/66B | €4,190 | €3,204 | -€986 | -23.5% |
| Recurring financial charges | 65 | €4,190 | €3,204 | -€986 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €528 | -€13,540 | -€14,067 | |
| Profit (loss) for the period | 9904 | €528 | -€13,540 | -€14,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €528 | -€13,540 | -€14,067 |
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 15 October 2026 via checked.be.