MATTI: 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.
MATTI
Largest movements
- Cash +€374,065
up €374,065 (+230%), from €162,783 to €536,848
mainly Investment in fixed assets (net) (+€331,089) and Depreciation (+€20,416)
- Financial fixed assets -€331,089
down €331,089 (-8.3%), from €4.0m to €3.6m
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.4m
down €1.4m (-98.3%), from €1.4m to €22,896
- Taxes -€121,118
down €121,118 (-95.3%), from €127,147 to €6,030
- Gross operating margin +€3,555
up €3,555 (+14.9%), from €23,911 to €27,466
- Financial charges +€3,185
up €3,185 (+555%), from €573 to €3,759
- Depreciation +€487
up €487 (+2.4%), from €19,929 to €20,416
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 | €4,962,448 | €4,973,246 | +€10,798 | +0.2% |
| Fixed assets | 21/28 | €4,048,213 | €3,696,708 | -€351,505 | -8.7% |
| Tangible fixed assets | 22/27 | €78,725 | €58,308 | -€20,416 | -25.9% |
| Plant, machinery and equipment | 23 | €7,149 | €6,409 | -€740 | -10.4% |
| Furniture and vehicles | 24 | €71,575 | €51,899 | -€19,676 | -27.5% |
| Financial fixed assets | 28 | €3,969,489 | €3,638,400 | -€331,089 | -8.3% |
| Current assets | 29/58 | €914,235 | €1,276,537 | +€362,303 | +39.6% |
| Amounts receivable within one year | 40/41 | - | €3,535 | +€3,535 | |
| Other amounts receivable | 41 | - | €3,535 | +€3,535 | |
| Current investments | 50/53 | €750,407 | €734,984 | -€15,423 | -2.1% |
| Cash at bank and in hand | 54/58 | €162,783 | €536,848 | +€374,065 | +230% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,170 | +€126 | +12.1% |
| Total equity and liabilities | 10/49 | €4,962,448 | €4,973,246 | +€10,798 | +0.2% |
| Equity | 10/15 | €4,926,817 | €4,945,586 | +€18,769 | +0.4% |
| Contributions | 10/11 | €2,522,400 | €2,522,400 | = | 0.0% |
| Reserves | 13 | €2,404,417 | €2,423,186 | +€18,769 | +0.8% |
| Distributable reserves | 133 | €2,404,417 | €2,423,186 | +€18,769 | +0.8% |
| Amounts payable | 17/49 | €35,631 | €27,660 | -€7,971 | -22.4% |
| Amounts payable within one year | 42/48 | €35,116 | €26,968 | -€8,148 | -23.2% |
| Trade debts | 44 | €726 | €875 | +€149 | +20.5% |
| Suppliers | 440/4 | €726 | €875 | +€149 | +20.5% |
| Taxes, remuneration and social security | 45 | €15,674 | €13,427 | -€2,247 | -14.3% |
| Taxes | 450/3 | €13,174 | €10,927 | -€2,247 | -17.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €18,716 | €12,666 | -€6,050 | -32.3% |
| Accrued charges and deferred income | 492/3 | €514 | €692 | +€177 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,929 | €20,416 | +€487 | +2.4% |
| Other operating charges | 640/8 | €1,350 | €1,388 | +€38 | +2.8% |
| Gross operating margin | 9900 | €23,911 | €27,466 | +€3,555 | +14.9% |
| Operating profit (loss) | 9901 | €2,632 | €5,662 | +€3,030 | +115% |
| Financial income | 75/76B | €1,381,475 | €22,896 | -€1.4m | -98.3% |
| Recurring financial income | 75 | €1,381,475 | €22,896 | -€1.4m | -98.3% |
| Financial charges | 65/66B | €573 | €3,759 | +€3,185 | +555% |
| Recurring financial charges | 65 | €573 | €3,759 | +€3,185 | +555% |
| Profit (loss) for the period before taxes | 9903 | €1,383,534 | €24,798 | -€1.4m | -98.2% |
| Income taxes | 67/77 | €127,147 | €6,030 | -€121,118 | -95.3% |
| Profit (loss) for the period | 9904 | €1,256,386 | €18,769 | -€1.2m | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,256,386 | €18,769 | -€1.2m | -98.5% |
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 24 October 2026 via checked.be.