MATRIXX: 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.
MATRIXX
Largest movements
- Cash -€175,488
down €175,488 (-97.2%), from €180,611 to €5,123
mainly Contributions, distributions and other (-€150,000) and Net result for the year (-€37,187)
- Receivables within one year -€86,535
down €86,535 (-72.6%), from €119,180 to €32,645
of which Other amounts receivable: -€59,491
- Current investments +€32,323
new in 2025: €32,323
- Tangible fixed assets -€9,209
down €9,209 (-12.5%), from €73,421 to €64,213
of which Other tangible fixed assets: -€24,132
- Profit (loss) carried forward -€187,187
down €187,187, from €159,586 to -€27,601
- Tax, wage and social debts -€24,191
down €24,191 (-54.1%), from €44,728 to €20,536
of which Taxes: -€12,762
- Trade debts -€21,360
down €21,360 (-24.4%), from €87,441 to €66,081
- Debts after one year -€9,818
down €9,818 (-17.1%), from €57,392 to €47,574
- Staff costs +€37,475
up €37,475 (+25.5%), from €147,142 to €184,617
- Gross operating margin -€10,368
down €10,368 (-5.1%), from €202,325 to €191,957
- Depreciation +€4,729
up €4,729 (+13.8%), from €34,265 to €38,994
- Taxes -€4,569
down €4,569 (-99.9%), from €4,572 to €3
- Financial income -€3,710
down €3,710 (-100.0%), from €3,710 to €0
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 | €400,711 | €161,804 | -€238,908 | -59.6% |
| Fixed assets | 21/28 | €97,421 | €88,213 | -€9,209 | -9.5% |
| Tangible fixed assets | 22/27 | €73,421 | €64,213 | -€9,209 | -12.5% |
| Plant, machinery and equipment | 23 | €1,980 | €2,068 | +€88 | +4.4% |
| Furniture and vehicles | 24 | - | €17,496 | +€17,496 | |
| Leasing and similar rights | 25 | €3,310 | €649 | -€2,661 | -80.4% |
| Other tangible fixed assets | 26 | €68,131 | €44,000 | -€24,132 | -35.4% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €303,290 | €73,591 | -€229,699 | -75.7% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €119,180 | €32,645 | -€86,535 | -72.6% |
| Trade receivables | 40 | €27,044 | - | -€27,044 | |
| Other amounts receivable | 41 | €92,136 | €32,645 | -€59,491 | -64.6% |
| Current investments | 50/53 | - | €32,323 | +€32,323 | |
| Cash at bank and in hand | 54/58 | €180,611 | €5,123 | -€175,488 | -97.2% |
| Total equity and liabilities | 10/49 | €400,711 | €161,804 | -€238,908 | -59.6% |
| Equity | 10/15 | €189,586 | €2,399 | -€187,187 | -98.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,586 | -€27,601 | -€187,187 | |
| Amounts payable | 17/49 | €211,125 | €159,404 | -€51,721 | -24.5% |
| Amounts payable after more than one year | 17 | €57,392 | €47,574 | -€9,818 | -17.1% |
| Financial debts | 170/4 | €57,392 | €47,574 | -€9,818 | -17.1% |
| Amounts payable within one year | 42/48 | €153,733 | €111,830 | -€41,903 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €21,565 | €25,213 | +€3,648 | +16.9% |
| Trade debts | 44 | €87,441 | €66,081 | -€21,360 | -24.4% |
| Suppliers | 440/4 | €87,441 | €66,081 | -€21,360 | -24.4% |
| Taxes, remuneration and social security | 45 | €44,728 | €20,536 | -€24,191 | -54.1% |
| Taxes | 450/3 | €18,953 | €6,191 | -€12,762 | -67.3% |
| Remuneration and social security | 454/9 | €25,774 | €14,345 | -€11,430 | -44.3% |
| Remuneration, social security and pensions | 62 | €147,142 | €184,617 | +€37,475 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,265 | €38,994 | +€4,729 | +13.8% |
| Other operating charges | 640/8 | €1,253 | €2,285 | +€1,032 | +82.4% |
| Gross operating margin | 9900 | €202,325 | €191,957 | -€10,368 | -5.1% |
| Operating profit (loss) | 9901 | €19,665 | -€33,940 | -€53,605 | |
| Financial income | 75/76B | €3,710 | €0 | -€3,710 | -100.0% |
| Recurring financial income | 75 | €3,710 | €0 | -€3,710 | -100.0% |
| Financial charges | 65/66B | €2,799 | €3,245 | +€446 | +15.9% |
| Recurring financial charges | 65 | €2,799 | €3,245 | +€446 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €20,577 | -€37,184 | -€57,761 | |
| Income taxes | 67/77 | €4,572 | €3 | -€4,569 | -99.9% |
| Profit (loss) for the period | 9904 | €16,005 | -€37,187 | -€53,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,005 | -€37,187 | -€53,192 |
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 23 October 2026 via checked.be.