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
- Tangible fixed assets -€32,350
down €32,350 (-6.2%), from €521,530 to €489,180
of which Furniture and vehicles: -€17,738
- Cash +€5,915
up €5,915 (+173%), from €3,428 to €9,343
mainly Depreciation (+€36,670) and Other debts (+€11,570)
- Deferred charges and accrued income +€5,619
up €5,619 (+1,085%), from €518 to €6,137
- Debts after one year -€28,073
down €28,073 (-5.9%), from €477,700 to €449,627
- Other debts +€11,570
up €11,570 (+1,109%), from €1,043 to €12,613
- Tax, wage and social debts -€6,480
down €6,480 (-35.0%), from €18,522 to €12,041
of which Remuneration and social security: -€3,299
- Depreciation +€19,079
up €19,079 (+108%), from €17,591 to €36,670
- Gross operating margin +€17,647
up €17,647 (+50.0%), from €35,287 to €52,934
- Financial charges +€8,879
up €8,879 (+474%), from €1,874 to €10,753
- Taxes -€2,264
down €2,264 (-73.9%), from €3,064 to €800
- Other operating charges -€592
down €592 (-18.1%), from €3,269 to €2,677
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 | €543,835 | €527,301 | -€16,533 | -3.0% |
| Fixed assets | 21/28 | €522,289 | €489,939 | -€32,350 | -6.2% |
| Tangible fixed assets | 22/27 | €521,530 | €489,180 | -€32,350 | -6.2% |
| Land and buildings | 22 | €474,137 | €459,525 | -€14,612 | -3.1% |
| Furniture and vehicles | 24 | €47,393 | €29,655 | -€17,738 | -37.4% |
| Financial fixed assets | 28 | €759 | €759 | = | 0.0% |
| Current assets | 29/58 | €21,545 | €37,362 | +€15,817 | +73.4% |
| Amounts receivable within one year | 40/41 | €12,100 | €13,342 | +€1,242 | +10.3% |
| Trade receivables | 40 | €12,100 | €13,310 | +€1,210 | +10.0% |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Current investments | 50/53 | €5,500 | €8,541 | +€3,041 | +55.3% |
| Cash at bank and in hand | 54/58 | €3,428 | €9,343 | +€5,915 | +173% |
| Deferred charges and accrued income | 490/1 | €518 | €6,137 | +€5,619 | +1,085% |
| Total equity and liabilities | 10/49 | €543,835 | €527,301 | -€16,533 | -3.0% |
| Equity | 10/15 | €34,312 | €36,368 | +€2,056 | +6.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,312 | €33,368 | +€2,056 | +6.6% |
| Distributable reserves | 133 | €31,312 | €33,368 | +€2,056 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €509,522 | €490,933 | -€18,589 | -3.6% |
| Amounts payable after more than one year | 17 | €477,700 | €449,627 | -€28,073 | -5.9% |
| Financial debts | 170/4 | €477,700 | €449,627 | -€28,073 | -5.9% |
| Amounts payable within one year | 42/48 | €31,822 | €41,306 | +€9,484 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €10,424 | €15,592 | +€5,167 | +49.6% |
| Trade debts | 44 | €1,833 | €1,059 | -€774 | -42.2% |
| Suppliers | 440/4 | €1,833 | €1,059 | -€774 | -42.2% |
| Taxes, remuneration and social security | 45 | €18,522 | €12,041 | -€6,480 | -35.0% |
| Taxes | 450/3 | €15,219 | €12,038 | -€3,182 | -20.9% |
| Remuneration and social security | 454/9 | €3,302 | €4 | -€3,299 | -99.9% |
| Other amounts payable | 47/48 | €1,043 | €12,613 | +€11,570 | +1,109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,591 | €36,670 | +€19,079 | +108% |
| Other operating charges | 640/8 | €3,269 | €2,677 | -€592 | -18.1% |
| Gross operating margin | 9900 | €35,287 | €52,934 | +€17,647 | +50.0% |
| Operating profit (loss) | 9901 | €14,427 | €13,587 | -€840 | -5.8% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €1,874 | €10,753 | +€8,879 | +474% |
| Recurring financial charges | 65 | €1,874 | €10,753 | +€8,879 | +474% |
| Profit (loss) for the period before taxes | 9903 | €12,553 | €2,856 | -€9,697 | -77.2% |
| Income taxes | 67/77 | €3,064 | €800 | -€2,264 | -73.9% |
| Profit (loss) for the period | 9904 | €9,489 | €2,056 | -€7,433 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,489 | €2,056 | -€7,433 | -78.3% |
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.