MatSie: 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.
MatSie
Largest movements
- Tangible fixed assets +€34,819
new in 2025: €34,819
- Cash -€10,645
down €10,645 (-64.9%), from €16,400 to €5,755
mainly Investment in fixed assets (net) (-€38,812) and Receivables within one year (-€4,891)
- Receivables within one year +€4,891
up €4,891 (+235.0%), from €2,081 to €6,972
- Reserves +€28,488
up €28,488 (+78.5%), from €36,313 to €64,801
- Gross operating margin +€29,107
up €29,107, from -€2,066 to €27,041
- Financial income +€5,254
up €5,254 (+573.0%), from €917 to €6,170
- Depreciation +€3,993
up €3,993, from €0 to €3,993
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.
Cash bridge derived
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 | €55,981 | €85,046 | +€29,065 | +51.9% |
| Fixed assets | 21/28 | - | €34,819 | +€34,819 | |
| Tangible fixed assets | 22/27 | - | €34,819 | +€34,819 | |
| Furniture and vehicles | 24 | - | €34,819 | +€34,819 | |
| Current assets | 29/58 | €55,981 | €50,228 | -€5,754 | -10.3% |
| Amounts receivable within one year | 40/41 | €2,081 | €6,972 | +€4,891 | +235.0% |
| Other amounts receivable | 41 | €2,081 | €6,972 | +€4,891 | +235.0% |
| Current investments | 50/53 | €37,500 | €37,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,400 | €5,755 | -€10,645 | -64.9% |
| Total equity and liabilities | 10/49 | €55,981 | €85,046 | +€29,065 | +51.9% |
| Equity | 10/15 | €54,913 | €83,401 | +€28,488 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,313 | €64,801 | +€28,488 | +78.5% |
| Distributable reserves | 133 | €36,313 | €64,801 | +€28,488 | +78.5% |
| Amounts payable | 17/49 | €1,068 | €1,645 | +€577 | +54.0% |
| Amounts payable within one year | 42/48 | €1,068 | €1,197 | +€129 | +12.1% |
| Trade debts | 44 | €1,068 | €1,197 | +€129 | +12.1% |
| Suppliers | 440/4 | €1,068 | €1,197 | +€129 | +12.1% |
| Accrued charges and deferred income | 492/3 | - | €448 | +€448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €3,993 | +€3,993 | |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | -€2,066 | €27,041 | +€29,107 | |
| Operating profit (loss) | 9901 | -€2,571 | €22,475 | +€25,046 | |
| Financial income | 75/76B | €917 | €6,170 | +€5,254 | +573.0% |
| Recurring financial income | 75 | €917 | €6,170 | +€5,254 | +573.0% |
| Financial charges | 65/66B | €90 | €105 | +€16 | +17.4% |
| Recurring financial charges | 65 | €90 | €105 | +€16 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,744 | €28,540 | +€30,284 | |
| Income taxes | 67/77 | €0 | €52 | +€52 | |
| Profit (loss) for the period | 9904 | -€1,744 | €28,488 | +€30,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,744 | €28,488 | +€30,232 |
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 11 October 2026 via checked.be.