Mattax LLN: 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.
Mattax LLN
Largest movements
- Intangible fixed assets +€104,168
up €104,168 (+1,302%), from €7,998 to €112,165
- Cash +€58,953
up €58,953 (+41.1%), from €143,334 to €202,287
mainly Trade debts (+€123,542) and Net result for the year (+€62,317)
- Tangible fixed assets -€9,044
down €9,044 (-32.4%), from €27,907 to €18,864
of which Furniture and vehicles: -€9,489
- Deferred charges and accrued income -€6,094
down €6,094 (-31.9%), from €19,121 to €13,027
- Trade debts +€123,542
up €123,542 (+137%), from €90,146 to €213,688
- Tax, wage and social debts +€11,097
up €11,097 (+20.3%), from €54,650 to €65,747
of which Taxes: +€13,129
- Current portion of long-term debt +€9,678
new in 2025: €9,678
- Gross operating margin +€32,535
up €32,535 (+6.6%), from €494,057 to €526,592
- Staff costs +€28,820
up €28,820 (+7.6%), from €378,158 to €406,978
- Other operating charges -€6,152
down €6,152 (-87.4%), from €7,040 to €888
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 | €354,446 | €500,836 | +€146,390 | +41.3% |
| Fixed assets | 21/28 | €38,405 | €131,529 | +€93,124 | +242% |
| Intangible fixed assets | 21 | €7,998 | €112,165 | +€104,168 | +1,302% |
| Tangible fixed assets | 22/27 | €27,907 | €18,864 | -€9,044 | -32.4% |
| Plant, machinery and equipment | 23 | €2,015 | €2,461 | +€446 | +22.1% |
| Furniture and vehicles | 24 | €25,892 | €16,403 | -€9,489 | -36.6% |
| Financial fixed assets | 28 | €2,500 | €500 | -€2,000 | -80.0% |
| Current assets | 29/58 | €316,041 | €369,307 | +€53,266 | +16.9% |
| Amounts receivable within one year | 40/41 | €153,586 | €153,993 | +€407 | +0.3% |
| Trade receivables | 40 | €153,156 | €136,687 | -€16,469 | -10.8% |
| Other amounts receivable | 41 | €430 | €17,306 | +€16,876 | +3,928% |
| Cash at bank and in hand | 54/58 | €143,334 | €202,287 | +€58,953 | +41.1% |
| Deferred charges and accrued income | 490/1 | €19,121 | €13,027 | -€6,094 | -31.9% |
| Total equity and liabilities | 10/49 | €354,446 | €500,836 | +€146,390 | +41.3% |
| Equity | 10/15 | €49,407 | €51,723 | +€2,317 | +4.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €9,407 | €11,723 | +€2,317 | +24.6% |
| Amounts payable | 17/49 | €305,039 | €449,113 | +€144,074 | +47.2% |
| Amounts payable within one year | 42/48 | €304,810 | €449,113 | +€144,303 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,678 | +€9,678 | |
| Financial debts | 43 | €100,024 | €100,000 | -€24 | 0.0% |
| Credit institutions | 430/8 | €100,024 | €100,000 | -€24 | 0.0% |
| Trade debts | 44 | €90,146 | €213,688 | +€123,542 | +137% |
| Suppliers | 440/4 | €90,146 | €213,688 | +€123,542 | +137% |
| Taxes, remuneration and social security | 45 | €54,650 | €65,747 | +€11,097 | +20.3% |
| Taxes | 450/3 | €13,704 | €26,833 | +€13,129 | +95.8% |
| Remuneration and social security | 454/9 | €40,946 | €38,914 | -€2,032 | -5.0% |
| Other amounts payable | 47/48 | €59,989 | €60,000 | +€11 | 0.0% |
| Accrued charges and deferred income | 492/3 | €229 | €0 | -€229 | -100% |
| Remuneration, social security and pensions | 62 | €378,158 | €406,978 | +€28,820 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,802 | €17,561 | +€2,759 | +18.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€712 | €0 | +€712 | |
| Other operating charges | 640/8 | €7,040 | €888 | -€6,152 | -87.4% |
| Gross operating margin | 9900 | €494,057 | €526,592 | +€32,535 | +6.6% |
| Operating profit (loss) | 9901 | €94,768 | €101,164 | +€6,396 | +6.7% |
| Financial income | 75/76B | €84 | €193 | +€109 | +129% |
| Recurring financial income | 75 | €84 | €193 | +€109 | +129% |
| Financial charges | 65/66B | €9,944 | €8,224 | -€1,720 | -17.3% |
| Recurring financial charges | 65 | €9,944 | €8,224 | -€1,720 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €84,909 | €93,133 | +€8,224 | +9.7% |
| Income taxes | 67/77 | €27,994 | €30,816 | +€2,822 | +10.1% |
| Profit (loss) for the period | 9904 | €56,915 | €62,317 | +€5,402 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,915 | €62,317 | +€5,402 | +9.5% |
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 31 October 2026 via checked.be.