Matthieu Materne: what changed
Matthieu Materne
Largest movements
- Cash +€40,878
up €40,878 (+73.1%), from €55,940 to €96,819
mainly Depreciation (+€41,732) and Net result for the year (+€40,222)
- Tangible fixed assets -€39,634
down €39,634 (-34.1%), from €116,222 to €76,589
of which Furniture and vehicles: -€23,299
- Deferred charges and accrued income +€2,007
up €2,007 (+3,709%), from €54 to €2,061
- Profit (loss) carried forward +€40,222
up €40,222 (+178%), from €22,633 to €62,855
- Other debts -€29,944
down €29,944 (-64.6%), from €46,382 to €16,438
- Debts after one year -€13,278
down €13,278 (-15.4%), from €86,155 to €72,877
- Tax, wage and social debts +€4,889
up €4,889 (+256%), from €1,912 to €6,801
- Gross operating margin +€23,083
up €23,083 (+30.3%), from €76,279 to €99,362
- Taxes +€3,997
up €3,997 (+50.5%), from €7,912 to €11,908
- Financial charges +€1,882
up €1,882 (+108%), from €1,745 to €3,628
- Other operating charges -€1,683
down €1,683 (-54.5%), from €3,085 to €1,403
- Depreciation +€1,434
up €1,434 (+3.6%), from €40,298 to €41,732
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 | €178,896 | €180,487 | +€1,591 | +0.9% |
| Fixed assets | 21/28 | €116,222 | €76,589 | -€39,634 | -34.1% |
| Tangible fixed assets | 22/27 | €116,222 | €76,589 | -€39,634 | -34.1% |
| Plant, machinery and equipment | 23 | €39,504 | €23,168 | -€16,335 | -41.4% |
| Furniture and vehicles | 24 | €76,719 | €53,420 | -€23,299 | -30.4% |
| Current assets | 29/58 | €62,674 | €103,898 | +€41,225 | +65.8% |
| Amounts receivable within one year | 40/41 | €6,679 | €5,018 | -€1,661 | -24.9% |
| Trade receivables | 40 | €2,878 | €5,018 | +€2,141 | +74.4% |
| Other amounts receivable | 41 | €3,802 | - | -€3,802 | |
| Cash at bank and in hand | 54/58 | €55,940 | €96,819 | +€40,878 | +73.1% |
| Deferred charges and accrued income | 490/1 | €54 | €2,061 | +€2,007 | +3,709% |
| Total equity and liabilities | 10/49 | €178,896 | €180,487 | +€1,591 | +0.9% |
| Equity | 10/15 | €27,633 | €67,855 | +€40,222 | +146% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,633 | €62,855 | +€40,222 | +178% |
| Amounts payable | 17/49 | €151,263 | €112,632 | -€38,631 | -25.5% |
| Amounts payable after more than one year | 17 | €86,155 | €72,877 | -€13,278 | -15.4% |
| Financial debts | 170/4 | €86,155 | €72,877 | -€13,278 | -15.4% |
| Amounts payable within one year | 42/48 | €65,108 | €39,755 | -€25,353 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €12,799 | €13,278 | +€479 | +3.7% |
| Trade debts | 44 | €4,015 | €3,237 | -€778 | -19.4% |
| Suppliers | 440/4 | €4,015 | €3,237 | -€778 | -19.4% |
| Taxes, remuneration and social security | 45 | €1,912 | €6,801 | +€4,889 | +256% |
| Taxes | 450/3 | €1,912 | €6,801 | +€4,889 | +256% |
| Other amounts payable | 47/48 | €46,382 | €16,438 | -€29,944 | -64.6% |
| Remuneration, social security and pensions | 62 | €620 | €469 | -€150 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,298 | €41,732 | +€1,434 | +3.6% |
| Other operating charges | 640/8 | €3,085 | €1,403 | -€1,683 | -54.5% |
| Gross operating margin | 9900 | €76,279 | €99,362 | +€23,083 | +30.3% |
| Operating profit (loss) | 9901 | €32,276 | €55,758 | +€23,482 | +72.8% |
| Financial income | 75/76B | €15 | €0 | -€14 | -97.7% |
| Recurring financial income | 75 | €15 | €0 | -€14 | -97.7% |
| Financial charges | 65/66B | €1,745 | €3,628 | +€1,882 | +108% |
| Recurring financial charges | 65 | €1,745 | €3,628 | +€1,882 | +108% |
| Profit (loss) for the period before taxes | 9903 | €30,545 | €52,131 | +€21,586 | +70.7% |
| Income taxes | 67/77 | €7,912 | €11,908 | +€3,997 | +50.5% |
| Profit (loss) for the period | 9904 | €22,633 | €40,222 | +€17,589 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,633 | €40,222 | +€17,589 | +77.7% |
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 2 November 2026 via checked.be.