MATS BIKES: 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.
MATS BIKES
Largest movements
- Receivables after one year +€342,500
new in 2025: €342,500
- Receivables within one year -€129,133
down €129,133 (-43.1%), from €299,592 to €170,459
of which Other amounts receivable: -€137,629
- Stocks and contracts -€83,013
down €83,013 (-21.8%), from €380,727 to €297,715
- Current investments +€48,986
up €48,986 (+22.3%), from €219,795 to €268,781
- Tangible fixed assets -€17,031
down €17,031 (-29.1%), from €58,524 to €41,494
of which Other tangible fixed assets: -€12,165
- Other debts +€297,609
up €297,609 (+10,746%), from €2,770 to €300,378
- Reserves -€199,445
down €199,445 (-39.4%), from €506,517 to €307,072
of which Distributable reserves: -€199,445
- Trade debts +€44,332
up €44,332 (+53.3%), from €83,181 to €127,512
- Tax, wage and social debts +€24,136
up €24,136 (+64.0%), from €37,692 to €61,828
of which Taxes: +€28,219
- Gross operating margin +€38,409
up €38,409 (+13.4%), from €286,993 to €325,402
- Staff costs +€11,837
up €11,837 (+7.8%), from €152,216 to €164,053
- Taxes +€7,055
up €7,055 (+23.6%), from €29,922 to €36,978
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 | €1,047,159 | €1,213,790 | +€166,631 | +15.9% |
| Fixed assets | 21/28 | €59,034 | €42,004 | -€17,031 | -28.8% |
| Tangible fixed assets | 22/27 | €58,524 | €41,494 | -€17,031 | -29.1% |
| Plant, machinery and equipment | 23 | €3,735 | €303 | -€3,432 | -91.9% |
| Furniture and vehicles | 24 | €1,873 | €439 | -€1,434 | -76.6% |
| Other tangible fixed assets | 26 | €52,916 | €40,752 | -€12,165 | -23.0% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €988,125 | €1,171,787 | +€183,662 | +18.6% |
| Amounts receivable after more than one year | 29 | - | €342,500 | +€342,500 | |
| Other amounts receivable | 291 | - | €342,500 | +€342,500 | |
| Stocks and contracts in progress | 3 | €380,727 | €297,715 | -€83,013 | -21.8% |
| Stocks | 30/36 | €380,727 | €297,715 | -€83,013 | -21.8% |
| Amounts receivable within one year | 40/41 | €299,592 | €170,459 | -€129,133 | -43.1% |
| Trade receivables | 40 | €37,852 | €46,347 | +€8,495 | +22.4% |
| Other amounts receivable | 41 | €261,740 | €124,112 | -€137,629 | -52.6% |
| Current investments | 50/53 | €219,795 | €268,781 | +€48,986 | +22.3% |
| Cash at bank and in hand | 54/58 | €85,082 | €89,369 | +€4,287 | +5.0% |
| Deferred charges and accrued income | 490/1 | €2,929 | €2,963 | +€35 | +1.2% |
| Total equity and liabilities | 10/49 | €1,047,159 | €1,213,790 | +€166,631 | +15.9% |
| Equity | 10/15 | €923,517 | €724,072 | -€199,445 | -21.6% |
| Contributions | 10/11 | €417,000 | €417,000 | = | 0.0% |
| Reserves | 13 | €506,517 | €307,072 | -€199,445 | -39.4% |
| Non-distributable reserves | 130/1 | €16,238 | €16,238 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,238 | €16,238 | = | 0.0% |
| Distributable reserves | 133 | €490,279 | €290,834 | -€199,445 | -40.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €123,642 | €489,718 | +€366,076 | +296% |
| Amounts payable within one year | 42/48 | €123,642 | €489,718 | +€366,076 | +296% |
| Trade debts | 44 | €83,181 | €127,512 | +€44,332 | +53.3% |
| Suppliers | 440/4 | €83,181 | €127,512 | +€44,332 | +53.3% |
| Taxes, remuneration and social security | 45 | €37,692 | €61,828 | +€24,136 | +64.0% |
| Taxes | 450/3 | €16,173 | €44,393 | +€28,219 | +174% |
| Remuneration and social security | 454/9 | €21,519 | €17,435 | -€4,084 | -19.0% |
| Other amounts payable | 47/48 | €2,770 | €300,378 | +€297,609 | +10,746% |
| Remuneration, social security and pensions | 62 | €152,216 | €164,053 | +€11,837 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,728 | €17,031 | -€697 | -3.9% |
| Other operating charges | 640/8 | €2,796 | €5,024 | +€2,227 | +79.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €286,993 | €325,402 | +€38,409 | +13.4% |
| Operating profit (loss) | 9901 | €114,253 | €139,294 | +€25,042 | +21.9% |
| Financial income | 75/76B | €2,605 | €3,370 | +€765 | +29.4% |
| Recurring financial income | 75 | €2,605 | €3,370 | +€765 | +29.4% |
| Financial charges | 65/66B | €6,256 | €5,132 | -€1,124 | -18.0% |
| Recurring financial charges | 65 | €6,256 | €5,132 | -€1,124 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €110,602 | €137,533 | +€26,931 | +24.3% |
| Income taxes | 67/77 | €29,922 | €36,978 | +€7,055 | +23.6% |
| Profit (loss) for the period | 9904 | €80,679 | €100,555 | +€19,876 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,679 | €100,555 | +€19,876 | +24.6% |
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 30 October 2026 via checked.be.