MATRIX-R: 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-R
Largest movements
- Receivables within one year +€17,258
up €17,258 (+83.3%), from €20,723 to €37,981
of which Other amounts receivable: +€16,029
- Tangible fixed assets -€1,979
down €1,979 (-80.6%), from €2,456 to €478
- Cash -€496
down €496 (-90.9%), from €546 to €49
mainly Receivables within one year (-€17,258) and Current portion of long-term debt (-€3,320)
- Profit (loss) carried forward +€17,680
up €17,680, from -€17,651 to €29
- Current portion of long-term debt -€3,320
down €3,320 (-59.9%), from €5,539 to €2,219
- Debts after one year -€2,219
no longer reported in 2025 (was €2,219)
- Tax, wage and social debts +€1,266
up €1,266 (+462%), from €274 to €1,540
- Other debts +€1,000
new in 2025: €1,000
- Depreciation -€3,810
down €3,810 (-65.8%), from €5,789 to €1,979
- Taxes +€742
up €742 (+93.0%), from €798 to €1,540
- Financial income +€684
up €684 (+89.9%), from €761 to €1,445
- Other operating charges -€316
down €316 (-23.4%), from €1,353 to €1,037
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 | €24,016 | €38,558 | +€14,542 | +60.6% |
| Fixed assets | 21/28 | €2,506 | €528 | -€1,979 | -79.0% |
| Tangible fixed assets | 22/27 | €2,456 | €478 | -€1,979 | -80.6% |
| Furniture and vehicles | 24 | €2,456 | €478 | -€1,979 | -80.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €21,509 | €38,030 | +€16,521 | +76.8% |
| Amounts receivable within one year | 40/41 | €20,723 | €37,981 | +€17,258 | +83.3% |
| Trade receivables | 40 | €1,008 | €2,237 | +€1,229 | +122% |
| Other amounts receivable | 41 | €19,715 | €35,744 | +€16,029 | +81.3% |
| Cash at bank and in hand | 54/58 | €546 | €49 | -€496 | -90.9% |
| Deferred charges and accrued income | 490/1 | €241 | - | -€241 | |
| Total equity and liabilities | 10/49 | €24,016 | €38,558 | +€14,542 | +60.6% |
| Equity | 10/15 | €14,048 | €31,728 | +€17,680 | +126% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,499 | €25,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,639 | €23,639 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,651 | €29 | +€17,680 | |
| Amounts payable | 17/49 | €9,968 | €6,830 | -€3,138 | -31.5% |
| Amounts payable after more than one year | 17 | €2,219 | - | -€2,219 | |
| Financial debts | 170/4 | €2,219 | - | -€2,219 | |
| Amounts payable within one year | 42/48 | €7,749 | €6,830 | -€919 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €5,539 | €2,219 | -€3,320 | -59.9% |
| Trade debts | 44 | €1,936 | €2,072 | +€136 | +7.0% |
| Suppliers | 440/4 | €1,936 | €2,072 | +€136 | +7.0% |
| Taxes, remuneration and social security | 45 | €274 | €1,540 | +€1,266 | +462% |
| Taxes | 450/3 | €274 | €1,540 | +€1,266 | +462% |
| Other amounts payable | 47/48 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,789 | €1,979 | -€3,810 | -65.8% |
| Other operating charges | 640/8 | €1,353 | €1,037 | -€316 | -23.4% |
| Gross operating margin | 9900 | €21,934 | €21,893 | -€41 | -0.2% |
| Operating profit (loss) | 9901 | €14,792 | €18,877 | +€4,085 | +27.6% |
| Financial income | 75/76B | €761 | €1,445 | +€684 | +89.9% |
| Recurring financial income | 75 | €761 | €1,445 | +€684 | +89.9% |
| Financial charges | 65/66B | €209 | €102 | -€106 | -50.9% |
| Recurring financial charges | 65 | €209 | €102 | -€106 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €15,344 | €20,219 | +€4,875 | +31.8% |
| Income taxes | 67/77 | €798 | €1,540 | +€742 | +93.0% |
| Profit (loss) for the period | 9904 | €14,546 | €18,680 | +€4,134 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,546 | €18,680 | +€4,134 | +28.4% |
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 20 October 2026 via checked.be.