MATTELIN: 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.
MATTELIN
Largest movements
- Cash +€34,846
up €34,846 (+427%), from €8,153 to €42,999
mainly Net result for the year (+€81,496) and Receivables within one year (+€5,209)
- Receivables within one year -€5,209
down €5,209 (-4.0%), from €131,276 to €126,066
of which Trade receivables: -€5,320
- Profit (loss) carried forward +€59,802
up €59,802, from -€59,802 to €0
- Trade debts -€47,202
down €47,202 (-55.4%), from €85,260 to €38,058
- Reserves +€21,695
up €21,695 (+43.2%), from €50,242 to €71,936
of which Distributable reserves: +€21,695
- Tax, wage and social debts -€3,151
down €3,151 (-50.6%), from €6,227 to €3,076
of which Remuneration and social security: -€2,468
- Gross operating margin +€54,484
up €54,484 (+69.8%), from €78,008 to €132,492
- Other operating charges -€16,782
down €16,782 (-62.0%), from €27,069 to €10,287
- Staff costs +€4,447
up €4,447 (+18.8%), from €23,647 to €28,094
- Financial charges -€2,259
down €2,259 (-21.9%), from €10,321 to €8,062
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 | €239,740 | €269,223 | +€29,484 | +12.3% |
| Fixed assets | 21/28 | €21,730 | €21,242 | -€489 | -2.2% |
| Intangible fixed assets | 21 | €1,486 | €1,021 | -€465 | -31.3% |
| Tangible fixed assets | 22/27 | €18,894 | €18,871 | -€23 | -0.1% |
| Land and buildings | 22 | €12,862 | €11,047 | -€1,815 | -14.1% |
| Plant, machinery and equipment | 23 | €2,503 | €5,038 | +€2,535 | +101% |
| Furniture and vehicles | 24 | €3,530 | €2,786 | -€744 | -21.1% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €218,009 | €247,982 | +€29,972 | +13.7% |
| Stocks and contracts in progress | 3 | €75,037 | €75,896 | +€860 | +1.1% |
| Stocks | 30/36 | €75,037 | €75,896 | +€860 | +1.1% |
| Amounts receivable within one year | 40/41 | €131,276 | €126,066 | -€5,209 | -4.0% |
| Trade receivables | 40 | €130,280 | €124,959 | -€5,320 | -4.1% |
| Other amounts receivable | 41 | €996 | €1,107 | +€111 | +11.1% |
| Cash at bank and in hand | 54/58 | €8,153 | €42,999 | +€34,846 | +427% |
| Deferred charges and accrued income | 490/1 | €3,544 | €3,020 | -€524 | -14.8% |
| Total equity and liabilities | 10/49 | €239,740 | €269,223 | +€29,484 | +12.3% |
| Equity | 10/15 | €15,229 | €96,725 | +€81,496 | +535% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €50,242 | €71,936 | +€21,695 | +43.2% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,763 | €47,763 | = | 0.0% |
| Distributable reserves | 133 | - | €21,695 | +€21,695 | |
| Profit (loss) carried forward | 14 | -€59,802 | €0 | +€59,802 | |
| Amounts payable | 17/49 | €224,511 | €172,498 | -€52,013 | -23.2% |
| Amounts payable within one year | 42/48 | €222,613 | €170,808 | -€51,805 | -23.3% |
| Financial debts | 43 | €100,000 | €100,014 | +€14 | 0.0% |
| Credit institutions | 430/8 | €0 | €14 | +€14 | |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €85,260 | €38,058 | -€47,202 | -55.4% |
| Suppliers | 440/4 | €85,260 | €38,058 | -€47,202 | -55.4% |
| Taxes, remuneration and social security | 45 | €6,227 | €3,076 | -€3,151 | -50.6% |
| Taxes | 450/3 | €2,330 | €1,647 | -€683 | -29.3% |
| Remuneration and social security | 454/9 | €3,897 | €1,428 | -€2,468 | -63.3% |
| Other amounts payable | 47/48 | €31,127 | €29,660 | -€1,467 | -4.7% |
| Accrued charges and deferred income | 492/3 | €1,898 | €1,690 | -€208 | -10.9% |
| Remuneration, social security and pensions | 62 | €23,647 | €28,094 | +€4,447 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,348 | €5,069 | +€722 | +16.6% |
| Other operating charges | 640/8 | €27,069 | €10,287 | -€16,782 | -62.0% |
| Gross operating margin | 9900 | €78,008 | €132,492 | +€54,484 | +69.8% |
| Operating profit (loss) | 9901 | €22,944 | €89,041 | +€66,097 | +288% |
| Financial income | 75/76B | €196 | €517 | +€321 | +164% |
| Recurring financial income | 75 | €196 | €517 | +€321 | +164% |
| Financial charges | 65/66B | €10,321 | €8,062 | -€2,259 | -21.9% |
| Recurring financial charges | 65 | €10,321 | €8,062 | -€2,259 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €12,819 | €81,496 | +€68,677 | +536% |
| Profit (loss) for the period | 9904 | €12,819 | €81,496 | +€68,677 | +536% |
| Profit (loss) for the period to be appropriated | 9905 | €12,819 | €81,496 | +€68,677 | +536% |
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 18 October 2026 via checked.be.