MATSI: 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.
MATSI
Largest movements
- Cash +€151,652
up €151,652 (+1,209%), from €12,545 to €164,197
mainly Current investments (+€80,000) and Net result for the year (+€35,838)
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Tangible fixed assets -€13,605
down €13,605 (-50.0%), from €27,235 to €13,629
of which Furniture and vehicles: -€13,230
- Receivables within one year -€10,502
down €10,502 (-51.9%), from €20,220 to €9,718
of which Trade receivables: -€10,472
- Reserves +€35,838
up €35,838 (+33.0%), from €108,709 to €144,547
- Tax, wage and social debts +€7,580
up €7,580 (+33.2%), from €22,844 to €30,424
- Other debts +€4,095
up €4,095 (+45.1%), from €9,087 to €13,182
- Gross operating margin -€18,131
down €18,131 (-23.9%), from €75,825 to €57,694
- Taxes -€7,070
down €7,070 (-42.9%), from €16,473 to €9,403
- Financial income +€2,480
up €2,480 (+12,399,900%), from €0 to €2,480
- Financial charges -€1,379
down €1,379 (-67.7%), from €2,036 to €658
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 | €141,580 | €189,173 | +€47,592 | +33.6% |
| Fixed assets | 21/28 | €27,235 | €13,629 | -€13,605 | -50.0% |
| Tangible fixed assets | 22/27 | €27,235 | €13,629 | -€13,605 | -50.0% |
| Plant, machinery and equipment | 23 | €1,209 | €834 | -€375 | -31.0% |
| Furniture and vehicles | 24 | €26,026 | €12,795 | -€13,230 | -50.8% |
| Current assets | 29/58 | €114,346 | €175,543 | +€61,198 | +53.5% |
| Amounts receivable within one year | 40/41 | €20,220 | €9,718 | -€10,502 | -51.9% |
| Trade receivables | 40 | €20,152 | €9,680 | -€10,472 | -52.0% |
| Other amounts receivable | 41 | €68 | €38 | -€30 | -43.6% |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €12,545 | €164,197 | +€151,652 | +1,209% |
| Deferred charges and accrued income | 490/1 | €1,581 | €1,628 | +€47 | +3.0% |
| Total equity and liabilities | 10/49 | €141,580 | €189,173 | +€47,592 | +33.6% |
| Equity | 10/15 | €108,809 | €144,647 | +€35,838 | +32.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €108,709 | €144,547 | +€35,838 | +33.0% |
| Distributable reserves | 133 | €108,709 | €144,547 | +€35,838 | +33.0% |
| Amounts payable | 17/49 | €32,771 | €44,525 | +€11,754 | +35.9% |
| Amounts payable within one year | 42/48 | €32,771 | €44,525 | +€11,754 | +35.9% |
| Trade debts | 44 | €840 | €920 | +€80 | +9.5% |
| Suppliers | 440/4 | €840 | €920 | +€80 | +9.5% |
| Taxes, remuneration and social security | 45 | €22,844 | €30,424 | +€7,580 | +33.2% |
| Taxes | 450/3 | €22,844 | €30,424 | +€7,580 | +33.2% |
| Other amounts payable | 47/48 | €9,087 | €13,182 | +€4,095 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,605 | €13,605 | = | 0.0% |
| Other operating charges | 640/8 | €702 | €670 | -€32 | -4.6% |
| Gross operating margin | 9900 | €75,825 | €57,694 | -€18,131 | -23.9% |
| Operating profit (loss) | 9901 | €61,517 | €43,418 | -€18,099 | -29.4% |
| Financial income | 75/76B | €0 | €2,480 | +€2,480 | +12,399,900% |
| Recurring financial income | 75 | €0 | €2,480 | +€2,480 | +12,399,900% |
| Financial charges | 65/66B | €2,036 | €658 | -€1,379 | -67.7% |
| Recurring financial charges | 65 | €2,036 | €658 | -€1,379 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €59,481 | €45,241 | -€14,240 | -23.9% |
| Income taxes | 67/77 | €16,473 | €9,403 | -€7,070 | -42.9% |
| Profit (loss) for the period | 9904 | €43,008 | €35,838 | -€7,170 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,008 | €35,838 | -€7,170 | -16.7% |
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 13 October 2026 via checked.be.