MATSERVICE: 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.
MATSERVICE
Largest movements
- Stocks and contracts -€77,829
no longer reported in 2025 (was €77,829)
- Tangible fixed assets -€26,447
down €26,447 (-27.1%), from €97,631 to €71,184
- Receivables within one year -€11,801
down €11,801 (-17.1%), from €69,005 to €57,204
of which Other amounts receivable: -€10,137
- Cash -€8,481
down €8,481 (-3.6%), from €233,109 to €224,628
mainly Debts after one year (-€103,359) and Net result for the year (-€28,265)
- Debts after one year -€103,359
down €103,359 (-46.8%), from €220,743 to €117,385
- Profit (loss) carried forward -€28,265
down €28,265 (-23.0%), from -€122,694 to -€150,959
- Trade debts +€10,775
up €10,775 (+164%), from €6,579 to €17,355
- Other operating charges +€11,715
up €11,715 (+8,421%), from €139 to €11,854
- Gross operating margin -€6,486
down €6,486 (-51.4%), from €12,628 to €6,142
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 | €481,016 | €356,291 | -€124,725 | -25.9% |
| Fixed assets | 21/28 | €99,133 | €72,686 | -€26,447 | -26.7% |
| Tangible fixed assets | 22/27 | €97,631 | €71,184 | -€26,447 | -27.1% |
| Land and buildings | 22 | €97,631 | €71,184 | -€26,447 | -27.1% |
| Financial fixed assets | 28 | €1,502 | €1,502 | = | 0.0% |
| Current assets | 29/58 | €381,883 | €283,605 | -€98,279 | -25.7% |
| Stocks and contracts in progress | 3 | €77,829 | - | -€77,829 | |
| Stocks | 30/36 | €77,829 | - | -€77,829 | |
| Amounts receivable within one year | 40/41 | €69,005 | €57,204 | -€11,801 | -17.1% |
| Trade receivables | 40 | €2,513 | €848 | -€1,664 | -66.2% |
| Other amounts receivable | 41 | €66,492 | €56,355 | -€10,137 | -15.2% |
| Cash at bank and in hand | 54/58 | €233,109 | €224,628 | -€8,481 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,941 | €1,774 | -€167 | -8.6% |
| Total equity and liabilities | 10/49 | €481,016 | €356,291 | -€124,725 | -25.9% |
| Equity | 10/15 | €253,693 | €221,151 | -€32,543 | -12.8% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,694 | -€150,959 | -€28,265 | -23.0% |
| Investment grants | 15 | €16,387 | €12,110 | -€4,277 | -26.1% |
| Amounts payable | 17/49 | €227,323 | €135,140 | -€92,183 | -40.6% |
| Amounts payable after more than one year | 17 | €220,743 | €117,385 | -€103,359 | -46.8% |
| Financial debts | 170/4 | €220,743 | €117,385 | -€103,359 | -46.8% |
| Amounts payable within one year | 42/48 | €6,579 | €17,755 | +€11,176 | +170% |
| Trade debts | 44 | €6,579 | €17,355 | +€10,775 | +164% |
| Suppliers | 440/4 | €6,579 | €17,355 | +€10,775 | +164% |
| Other amounts payable | 47/48 | - | €401 | +€401 | |
| Non-recurring operating income | 76A | €7,934 | €5,563 | -€2,371 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,447 | €26,447 | = | 0.0% |
| Other operating charges | 640/8 | €139 | €11,854 | +€11,715 | +8,421% |
| Gross operating margin | 9900 | €12,628 | €6,142 | -€6,486 | -51.4% |
| Operating profit (loss) | 9901 | -€13,958 | -€32,159 | -€18,201 | -130% |
| Financial income | 75/76B | €4,277 | €4,277 | = | 0.0% |
| Recurring financial income | 75 | €4,277 | €4,277 | = | 0.0% |
| Financial charges | 65/66B | €359 | €384 | +€25 | +6.9% |
| Recurring financial charges | 65 | €359 | €384 | +€25 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,039 | -€28,265 | -€18,226 | -182% |
| Profit (loss) for the period | 9904 | -€10,039 | -€28,265 | -€18,226 | -182% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,039 | -€28,265 | -€18,226 | -182% |
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 14 October 2026 via checked.be.