MATTO: 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.
MATTO
Largest movements
- Cash +€58,344
up €58,344 (+74.2%), from €78,581 to €136,926
mainly Net result for the year (+€67,908) and Depreciation (+€6,041)
- Tangible fixed assets -€4,782
down €4,782 (-20.1%), from €23,769 to €18,987
of which Plant, machinery and equipment: -€3,539
- Reserves +€59,808
up €59,808 (+92.9%), from €64,371 to €124,178
- Other debts -€8,950
down €8,950 (-42.5%), from €21,074 to €12,123
- Tax, wage and social debts +€3,425
up €3,425 (+15.4%), from €22,257 to €25,682
of which Remuneration and social security: +€3,402
- Gross operating margin +€44,316
up €44,316 (+31.7%), from €139,912 to €184,228
- Taxes +€13,417
up €13,417 (+149.5%), from €8,974 to €22,391
- Staff costs +€13,280
up €13,280 (+19.2%), from €69,315 to €82,594
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.
Cash bridge derived
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 | €111,400 | €165,875 | +€54,475 | +48.9% |
| Fixed assets | 21/28 | €25,269 | €20,487 | -€4,782 | -18.9% |
| Tangible fixed assets | 22/27 | €23,769 | €18,987 | -€4,782 | -20.1% |
| Land and buildings | 22 | €16,021 | €15,210 | -€811 | -5.1% |
| Plant, machinery and equipment | 23 | €6,992 | €3,453 | -€3,539 | -50.6% |
| Furniture and vehicles | 24 | €757 | €324 | -€433 | -57.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €86,130 | €145,388 | +€59,258 | +68.8% |
| Stocks and contracts in progress | 3 | €2,783 | €2,571 | -€212 | -7.6% |
| Stocks | 30/36 | €2,783 | €2,571 | -€212 | -7.6% |
| Amounts receivable within one year | 40/41 | €3,721 | €4,875 | +€1,154 | +31.0% |
| Trade receivables | 40 | €355 | €205 | -€151 | -42.4% |
| Other amounts receivable | 41 | €3,366 | €4,671 | +€1,305 | +38.8% |
| Cash at bank and in hand | 54/58 | €78,581 | €136,926 | +€58,344 | +74.2% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,017 | -€28 | -2.7% |
| Total equity and liabilities | 10/49 | €111,400 | €165,875 | +€54,475 | +48.9% |
| Equity | 10/15 | €64,471 | €124,278 | +€59,808 | +92.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €64,371 | €124,178 | +€59,808 | +92.9% |
| Distributable reserves | 133 | €64,371 | €124,178 | +€59,808 | +92.9% |
| Amounts payable | 17/49 | €46,929 | €41,597 | -€5,332 | -11.4% |
| Amounts payable within one year | 42/48 | €45,329 | €39,710 | -€5,619 | -12.4% |
| Trade debts | 44 | €1,998 | €1,898 | -€100 | -5.0% |
| Suppliers | 440/4 | €1,998 | €1,898 | -€100 | -5.0% |
| Advances received on contracts in progress | 46 | - | €7 | +€7 | |
| Taxes, remuneration and social security | 45 | €22,257 | €25,682 | +€3,425 | +15.4% |
| Taxes | 450/3 | €12,346 | €12,369 | +€23 | +0.2% |
| Remuneration and social security | 454/9 | €9,911 | €13,313 | +€3,402 | +34.3% |
| Other amounts payable | 47/48 | €21,074 | €12,123 | -€8,950 | -42.5% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,886 | +€286 | +17.9% |
| Remuneration, social security and pensions | 62 | €69,315 | €82,594 | +€13,280 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,587 | €6,041 | +€454 | +8.1% |
| Other operating charges | 640/8 | €5,709 | €5,289 | -€420 | -7.4% |
| Gross operating margin | 9900 | €139,912 | €184,228 | +€44,316 | +31.7% |
| Operating profit (loss) | 9901 | €59,301 | €90,303 | +€31,002 | +52.3% |
| Financial income | 75/76B | €60 | €109 | +€48 | +80.5% |
| Recurring financial income | 75 | €60 | €109 | +€48 | +80.5% |
| Financial charges | 65/66B | €776 | €113 | -€663 | -85.5% |
| Recurring financial charges | 65 | €776 | €113 | -€663 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €58,586 | €90,299 | +€31,713 | +54.1% |
| Income taxes | 67/77 | €8,974 | €22,391 | +€13,417 | +149.5% |
| Profit (loss) for the period | 9904 | €49,611 | €67,908 | +€18,296 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,611 | €67,908 | +€18,296 | +36.9% |
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 11 October 2026 via checked.be.