MATSEN LIFE SCIENCES: 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.
MATSEN LIFE SCIENCES
Largest movements
- Receivables within one year +€36,692
up €36,692 (+1,699%), from €2,160 to €38,852
of which Trade receivables: +€38,086
- Cash +€10,512
up €10,512 (+247%), from €4,249 to €14,761
mainly Net result for the year (+€49,004) and Depreciation (+€7,649)
- Tangible fixed assets -€6,430
down €6,430 (-24.8%), from €25,881 to €19,451
of which Leasing and similar rights: -€5,571
- Profit (loss) carried forward +€49,004
up €49,004 (+80.1%), from -€61,211 to -€12,207
- Tax, wage and social debts -€8,192
down €8,192 (-75.3%), from €10,884 to €2,692
of which Taxes: -€10,457
- Gross operating margin +€110,750
up €110,750, from -€51,295 to €59,455
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 | €32,290 | €73,064 | +€40,774 | +126% |
| Fixed assets | 21/28 | €25,881 | €19,451 | -€6,430 | -24.8% |
| Tangible fixed assets | 22/27 | €25,881 | €19,451 | -€6,430 | -24.8% |
| Plant, machinery and equipment | 23 | €3,736 | €3,297 | -€439 | -11.8% |
| Furniture and vehicles | 24 | €10,316 | €9,897 | -€420 | -4.1% |
| Leasing and similar rights | 25 | €11,828 | €6,257 | -€5,571 | -47.1% |
| Current assets | 29/58 | €6,409 | €53,612 | +€47,203 | +737% |
| Amounts receivable within one year | 40/41 | €2,160 | €38,852 | +€36,692 | +1,699% |
| Trade receivables | 40 | - | €38,086 | +€38,086 | |
| Other amounts receivable | 41 | €2,160 | €766 | -€1,395 | -64.6% |
| Cash at bank and in hand | 54/58 | €4,249 | €14,761 | +€10,512 | +247% |
| Total equity and liabilities | 10/49 | €32,290 | €73,064 | +€40,774 | +126% |
| Equity | 10/15 | €21,368 | €70,372 | +€49,004 | +229% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,579 | €77,579 | = | 0.0% |
| Distributable reserves | 133 | €77,579 | €77,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,211 | -€12,207 | +€49,004 | +80.1% |
| Amounts payable | 17/49 | €10,922 | €2,692 | -€8,230 | -75.4% |
| Amounts payable within one year | 42/48 | €10,922 | €2,692 | -€8,230 | -75.4% |
| Trade debts | 44 | €38 | €0 | -€38 | -100% |
| Suppliers | 440/4 | €38 | €0 | -€38 | -100% |
| Taxes, remuneration and social security | 45 | €10,884 | €2,692 | -€8,192 | -75.3% |
| Taxes | 450/3 | €10,884 | €426 | -€10,457 | -96.1% |
| Remuneration and social security | 454/9 | €0 | €2,266 | +€2,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,378 | €7,649 | +€271 | +3.7% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€51,295 | €59,455 | +€110,750 | |
| Operating profit (loss) | 9901 | -€58,674 | €51,740 | +€110,414 | |
| Financial income | 75/76B | €3 | €2 | -€1 | -40.4% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -40.4% |
| Financial charges | 65/66B | €2,328 | €2,525 | +€197 | +8.5% |
| Recurring financial charges | 65 | €2,328 | €2,525 | +€197 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | -€60,998 | €49,217 | +€110,215 | |
| Income taxes | 67/77 | €213 | €213 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€61,211 | €49,004 | +€110,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,211 | €49,004 | +€110,215 |
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 19 October 2026 via checked.be.