MATTERHOOD: 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.
MATTERHOOD
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-43.8%), from €2.5m to €1.4m
of which Other amounts receivable: -€619,464
- Current investments +€919,508
new in 2025: €919,508
- Cash -€408,648
down €408,648 (-31.7%), from €1.3m to €882,068
mainly Current investments (-€919,508) and Trade debts (-€239,917)
- Trade debts -€239,917
down €239,917 (-50.1%), from €479,345 to €239,428
- Debts after one year -€205,738
down €205,738 (-23.9%), from €860,274 to €654,536
- Current portion of long-term debt -€187,621
down €187,621 (-47.7%), from €393,085 to €205,464
- Financial income -€1.3m
down €1.3m (-97.6%), from €1.4m to €33,154
- Depreciation -€116,488
down €116,488 (-75.3%), from €154,605 to €38,117
- Purchases and services -€90,670
down €90,670 (-4.6%), from €2.0m to €1.9m
- Gross operating margin -€80,309
down €80,309 (-28.1%), from €285,393 to €205,084
- Financial charges +€42,887
up €42,887 (+46.7%), from €91,785 to €134,672
of which Financial charges: +€54,514
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 | €9,669,250 | €9,028,131 | -€641,120 | -6.6% |
| Fixed assets | 21/28 | €5,495,031 | €5,465,714 | -€29,317 | -0.5% |
| Intangible fixed assets | 21 | €36,202 | €0 | -€36,202 | -100% |
| Tangible fixed assets | 22/27 | €934 | €7,819 | +€6,885 | +737% |
| Plant, machinery and equipment | 23 | €934 | €7,819 | +€6,885 | +737% |
| Financial fixed assets | 28 | €5,457,895 | €5,457,895 | = | 0.0% |
| Current assets | 29/58 | €4,174,219 | €3,562,417 | -€611,803 | -14.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,518,232 | €1,415,438 | -€1.1m | -43.8% |
| Trade receivables | 40 | €1,006,779 | €523,449 | -€483,330 | -48.0% |
| Other amounts receivable | 41 | €1,511,453 | €891,989 | -€619,464 | -41.0% |
| Current investments | 50/53 | - | €919,508 | +€919,508 | |
| Cash at bank and in hand | 54/58 | €1,290,716 | €882,068 | -€408,648 | -31.7% |
| Deferred charges and accrued income | 490/1 | €115,272 | €95,403 | -€19,869 | -17.2% |
| Total equity and liabilities | 10/49 | €9,669,250 | €9,028,131 | -€641,120 | -6.6% |
| Equity | 10/15 | €7,914,706 | €7,925,867 | +€11,161 | +0.1% |
| Contributions | 10/11 | €3,516,495 | €3,516,495 | = | 0.0% |
| Capital | 10 | €3,516,495 | €3,516,495 | = | 0.0% |
| Issued capital | 100 | €3,516,495 | €3,516,495 | = | 0.0% |
| Reserves | 13 | €351,650 | €351,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €351,650 | €351,650 | = | 0.0% |
| Legal reserve | 130 | €351,650 | €351,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,046,561 | €4,057,722 | +€11,161 | +0.3% |
| Amounts payable | 17/49 | €1,754,545 | €1,102,264 | -€652,280 | -37.2% |
| Amounts payable after more than one year | 17 | €860,274 | €654,536 | -€205,738 | -23.9% |
| Financial debts | 170/4 | €860,274 | €654,536 | -€205,738 | -23.9% |
| Amounts payable within one year | 42/48 | €894,271 | €447,728 | -€446,542 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €393,085 | €205,464 | -€187,621 | -47.7% |
| Trade debts | 44 | €479,345 | €239,428 | -€239,917 | -50.1% |
| Suppliers | 440/4 | €479,345 | €239,428 | -€239,917 | -50.1% |
| Taxes, remuneration and social security | 45 | €14,636 | €2,836 | -€11,800 | -80.6% |
| Taxes | 450/3 | €13,879 | €0 | -€13,879 | -100% |
| Remuneration and social security | 454/9 | €757 | €2,836 | +€2,079 | +275% |
| Other amounts payable | 47/48 | €7,205 | €0 | -€7,205 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €27,420 | €5,252 | -€22,168 | -80.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,972,032 | €1,881,362 | -€90,670 | -4.6% |
| Remuneration, social security and pensions | 62 | €80,341 | €46,711 | -€33,630 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,605 | €38,117 | -€116,488 | -75.3% |
| Other operating charges | 640/8 | €1,699 | €2,318 | +€619 | +36.4% |
| Gross operating margin | 9900 | €285,393 | €205,084 | -€80,309 | -28.1% |
| Operating profit (loss) | 9901 | €48,748 | €117,937 | +€69,190 | +142% |
| Financial income | 75/76B | €1,360,364 | €33,154 | -€1.3m | -97.6% |
| Recurring financial income | 75 | €1,360,364 | €33,154 | -€1.3m | -97.6% |
| Financial charges | 65/66B | €91,785 | €134,672 | +€42,887 | +46.7% |
| Recurring financial charges | 65 | €80,157 | €134,672 | +€54,514 | +68.0% |
| Non-recurring financial charges | 66B | €11,628 | €0 | -€11,628 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,317,326 | €16,420 | -€1.3m | -98.8% |
| Income taxes | 67/77 | €9,574 | €5,259 | -€4,315 | -45.1% |
| Profit (loss) for the period | 9904 | €1,307,752 | €11,161 | -€1.3m | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,307,752 | €11,161 | -€1.3m | -99.1% |
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 17 October 2026 via checked.be.