MATT and CO: 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.
MATT and CO
Largest movements
- Stocks and contracts -€1.1m
down €1.1m (-24.0%), from €4.6m to €3.5m
- Cash +€89,666
up €89,666 (+592%), from €15,155 to €104,821
mainly Stocks and contracts (+€1.1m) and Current portion of long-term debt (+€214,935)
- Debts after one year -€612,522
down €612,522 (-28.8%), from €2.1m to €1.5m
- Other debts -€265,612
down €265,612 (-36.9%), from €720,320 to €454,708
- Reserves -€230,754
down €230,754 (-14.9%), from €1.6m to €1.3m
of which Distributable reserves: -€230,754
- Current portion of long-term debt +€214,935
up €214,935 (+536%), from €40,124 to €255,060
- Trade debts -€109,485
down €109,485 (-93.5%), from €117,077 to €7,592
- Gross operating margin +€206,309
up €206,309 (+120%), from €171,345 to €377,654
- Financial charges +€60,298
up €60,298 (+225%), from €26,800 to €87,098
- Taxes +€46,203
up €46,203 (+98.9%), from €46,724 to €92,927
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 | €4,841,304 | €3,850,893 | -€990,412 | -20.5% |
| Fixed assets | 21/28 | €3,038 | €3,038 | = | 0.0% |
| Financial fixed assets | 28 | €3,038 | €3,038 | = | 0.0% |
| Current assets | 29/58 | €4,838,266 | €3,847,855 | -€990,412 | -20.5% |
| Stocks and contracts in progress | 3 | €4,590,175 | €3,488,211 | -€1.1m | -24.0% |
| Stocks | 30/36 | €4,590,175 | €3,488,211 | -€1.1m | -24.0% |
| Amounts receivable within one year | 40/41 | €231,525 | €253,162 | +€21,637 | +9.3% |
| Trade receivables | 40 | €238 | €14 | -€224 | -94.2% |
| Other amounts receivable | 41 | €231,287 | €253,148 | +€21,861 | +9.5% |
| Cash at bank and in hand | 54/58 | €15,155 | €104,821 | +€89,666 | +592% |
| Deferred charges and accrued income | 490/1 | €1,412 | €1,660 | +€248 | +17.6% |
| Total equity and liabilities | 10/49 | €4,841,304 | €3,850,893 | -€990,412 | -20.5% |
| Equity | 10/15 | €1,833,538 | €1,602,784 | -€230,754 | -12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,553,271 | €1,322,517 | -€230,754 | -14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,551,411 | €1,320,657 | -€230,754 | -14.9% |
| Profit (loss) carried forward | 14 | €267,866 | €267,866 | = | 0.0% |
| Amounts payable | 17/49 | €3,007,767 | €2,248,109 | -€759,658 | -25.3% |
| Amounts payable after more than one year | 17 | €2,125,281 | €1,512,760 | -€612,522 | -28.8% |
| Financial debts | 170/4 | €2,125,281 | €1,512,760 | -€612,522 | -28.8% |
| Amounts payable within one year | 42/48 | €882,430 | €735,287 | -€147,143 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €40,124 | €255,060 | +€214,935 | +536% |
| Trade debts | 44 | €117,077 | €7,592 | -€109,485 | -93.5% |
| Suppliers | 440/4 | €117,077 | €7,592 | -€109,485 | -93.5% |
| Taxes, remuneration and social security | 45 | €4,909 | €17,927 | +€13,018 | +265% |
| Taxes | 450/3 | €4,909 | €17,927 | +€13,018 | +265% |
| Other amounts payable | 47/48 | €720,320 | €454,708 | -€265,612 | -36.9% |
| Accrued charges and deferred income | 492/3 | €56 | €62 | +€7 | +12.2% |
| Other operating charges | 640/8 | €968 | €1,330 | +€362 | +37.4% |
| Gross operating margin | 9900 | €171,345 | €377,654 | +€206,309 | +120% |
| Operating profit (loss) | 9901 | €170,378 | €376,324 | +€205,947 | +121% |
| Financial income | 75/76B | €5 | €0 | -€5 | -96.9% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -96.9% |
| Financial charges | 65/66B | €26,800 | €87,098 | +€60,298 | +225% |
| Recurring financial charges | 65 | €26,800 | €87,098 | +€60,298 | +225% |
| Profit (loss) for the period before taxes | 9903 | €143,583 | €289,227 | +€145,644 | +101% |
| Income taxes | 67/77 | €46,724 | €92,927 | +€46,203 | +98.9% |
| Profit (loss) for the period | 9904 | €96,859 | €196,300 | +€99,441 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €96,859 | €196,300 | +€99,441 | +103% |
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 27 October 2026 via checked.be.