MATTERIALL: what changed
MATTERIALL
Largest movements
- Cash +€44,662
new in 2025: €44,662
mainly Contributions, distributions and other (+€200,000) and Depreciation (+€5,282)
- Receivables within one year +€30,426
up €30,426 (+315%), from €9,667 to €40,092
of which Other amounts receivable: +€30,421
- Tangible fixed assets +€18,714
up €18,714 (+1,620%), from €1,155 to €19,868
of which Furniture and vehicles: +€19,364
- Contributions +€200,000
up €200,000 (+6,667%), from €3,000 to €203,000
- Profit (loss) carried forward -€77,344
down €77,344 (-330%), from -€23,405 to -€100,748
- Tax, wage and social debts -€19,200
no longer reported in 2025 (was €19,200)
- Short-term financial debts -€5,331
no longer reported in 2025 (was €5,331)
- Trade debts -€4,323
down €4,323 (-87.0%), from €4,970 to €647
- Gross operating margin -€28,677
down €28,677 (-73.6%), from -€38,953 to -€67,629
- Other operating charges +€4,651
up €4,651 (+1,412%), from €329 to €4,980
- Depreciation +€3,501
up €3,501 (+197%), from €1,781 to €5,282
- Financial income +€833
up €833 (+97.2%), from €857 to €1,690
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,097 | €104,898 | +€93,802 | +845% |
| Fixed assets | 21/28 | €1,430 | €20,143 | +€18,714 | +1,309% |
| Tangible fixed assets | 22/27 | €1,155 | €19,868 | +€18,714 | +1,620% |
| Plant, machinery and equipment | 23 | €651 | - | -€651 | |
| Furniture and vehicles | 24 | €504 | €19,868 | +€19,364 | +3,841% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €9,667 | €84,755 | +€75,088 | +777% |
| Amounts receivable within one year | 40/41 | €9,667 | €40,092 | +€30,426 | +315% |
| Trade receivables | 40 | - | €5 | +€5 | |
| Other amounts receivable | 41 | €9,667 | €40,088 | +€30,421 | +315% |
| Cash at bank and in hand | 54/58 | - | €44,662 | +€44,662 | |
| Total equity and liabilities | 10/49 | €11,097 | €104,898 | +€93,802 | +845% |
| Equity | 10/15 | -€20,405 | €102,252 | +€122,656 | |
| Contributions | 10/11 | €3,000 | €203,000 | +€200,000 | +6,667% |
| Profit (loss) carried forward | 14 | -€23,405 | -€100,748 | -€77,344 | -330% |
| Amounts payable | 17/49 | €31,501 | €2,647 | -€28,855 | -91.6% |
| Amounts payable after more than one year | 17 | €2,000 | €2,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,501 | €647 | -€28,855 | -97.8% |
| Financial debts | 43 | €5,331 | - | -€5,331 | |
| Credit institutions | 430/8 | €5,331 | - | -€5,331 | |
| Trade debts | 44 | €4,970 | €647 | -€4,323 | -87.0% |
| Suppliers | 440/4 | €4,970 | €647 | -€4,323 | -87.0% |
| Taxes, remuneration and social security | 45 | €19,200 | - | -€19,200 | |
| Taxes | 450/3 | €19,200 | - | -€19,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €5,282 | +€3,501 | +197% |
| Other operating charges | 640/8 | €329 | €4,980 | +€4,651 | +1,412% |
| Gross operating margin | 9900 | -€38,953 | -€67,629 | -€28,677 | -73.6% |
| Operating profit (loss) | 9901 | -€41,063 | -€77,891 | -€36,828 | -89.7% |
| Financial income | 75/76B | €857 | €1,690 | +€833 | +97.2% |
| Recurring financial income | 75 | €857 | €1,690 | +€833 | +97.2% |
| Financial charges | 65/66B | €574 | €826 | +€252 | +43.9% |
| Recurring financial charges | 65 | €574 | €826 | +€252 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | -€40,780 | -€77,027 | -€36,247 | -88.9% |
| Income taxes | 67/77 | - | €316 | +€316 | |
| Profit (loss) for the period | 9904 | -€40,780 | -€77,344 | -€36,564 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,780 | -€77,344 | -€36,564 | -89.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.