MATSY: what changed
Two fiscal 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.
MATSY
Largest movements
- Cash +€56,471
up €56,471 (+141.7%), from €39,866 to €96,337
mainly Other debts (+€151,817) and Current investments (+€51,585)
- Current investments -€51,585
down €51,585 (-35.7%), from €144,512 to €92,927
- Tangible fixed assets +€6,249
new in 2025: €6,249
- Receivables within one year +€4,764
up €4,764 (+42.3%), from €11,255 to €16,019
of which Other amounts receivable: +€12,411
- Profit (loss) carried forward -€165,602
down €165,602 (-96.6%), from €171,382 to €5,780
- Other debts +€151,817
up €151,817 (+7868.4%), from €1,929 to €153,747
- Tax, wage and social debts +€28,864
up €28,864 (+144.9%), from €19,917 to €48,781
of which Remuneration and social security: +€15,841
- Gross operating margin -€75,670
down €75,670 (-90.9%), from €83,246 to €7,575
- Taxes -€16,060
down €16,060 (-84.1%), from €19,105 to €3,045
- Financial income +€4,023
up €4,023 (+2564.9%), from €157 to €4,180
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 | €196,454 | €211,565 | +€15,111 | +7.7% |
| Fixed assets | 21/28 | - | €6,249 | +€6,249 | |
| Tangible fixed assets | 22/27 | - | €6,249 | +€6,249 | |
| Furniture and vehicles | 24 | - | €6,249 | +€6,249 | |
| Current assets | 29/58 | €196,454 | €205,315 | +€8,862 | +4.5% |
| Amounts receivable within one year | 40/41 | €11,255 | €16,019 | +€4,764 | +42.3% |
| Trade receivables | 40 | €10,776 | €3,129 | -€7,648 | -71.0% |
| Other amounts receivable | 41 | €479 | €12,890 | +€12,411 | +2593.2% |
| Current investments | 50/53 | €144,512 | €92,927 | -€51,585 | -35.7% |
| Cash at bank and in hand | 54/58 | €39,866 | €96,337 | +€56,471 | +141.7% |
| Deferred charges and accrued income | 490/1 | €820 | €32 | -€788 | -96.1% |
| Total equity and liabilities | 10/49 | €196,454 | €211,565 | +€15,111 | +7.7% |
| Equity | 10/15 | €173,382 | €7,780 | -€165,602 | -95.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,382 | €5,780 | -€165,602 | -96.6% |
| Amounts payable | 17/49 | €23,072 | €203,784 | +€180,713 | +783.3% |
| Amounts payable within one year | 42/48 | €23,072 | €203,784 | +€180,713 | +783.3% |
| Trade debts | 44 | €1,225 | €1,256 | +€32 | +2.6% |
| Suppliers | 440/4 | €1,225 | €1,256 | +€32 | +2.6% |
| Taxes, remuneration and social security | 45 | €19,917 | €48,781 | +€28,864 | +144.9% |
| Taxes | 450/3 | €19,917 | €32,940 | +€13,023 | +65.4% |
| Remuneration and social security | 454/9 | - | €15,841 | +€15,841 | |
| Other amounts payable | 47/48 | €1,929 | €153,747 | +€151,817 | +7868.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €711 | +€711 | |
| Other operating charges | 640/8 | €1,420 | €1,199 | -€222 | -15.6% |
| Gross operating margin | 9900 | €83,246 | €7,575 | -€75,670 | -90.9% |
| Operating profit (loss) | 9901 | €81,825 | €5,665 | -€76,160 | -93.1% |
| Financial income | 75/76B | €157 | €4,180 | +€4,023 | +2564.9% |
| Recurring financial income | 75 | €157 | €4,180 | +€4,023 | +2564.9% |
| Financial charges | 65/66B | €428 | €1,020 | +€593 | +138.6% |
| Recurring financial charges | 65 | €428 | €1,020 | +€593 | +138.6% |
| Profit (loss) for the period before taxes | 9903 | €81,555 | €8,825 | -€72,729 | -89.2% |
| Income taxes | 67/77 | €19,105 | €3,045 | -€16,060 | -84.1% |
| Profit (loss) for the period | 9904 | €62,450 | €5,780 | -€56,670 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,450 | €5,780 | -€56,670 | -90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.