Matton Invest: 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.
What changed
Matton Invest
NACE 01.430, Raising of horses and other equines
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€671,389
2024 · €194,015-€865,404
Equity
-€1.6m
2024 · -€946,459-€671,389
Cash
€4,169
2024 · €10+€4,159
Balance sheet total
€3.0m
2024 · €3.3m-€246,372
Largest movements
Assets
- Receivables within one year -€284,322
down €284,322 (-90.1%), from €315,429 to €31,108
of which Trade receivables: -€219,186
Equity and liabilities
- Other debts +€1.7m
up €1.7m (+71.9%), from €2.3m to €4.0m
- Advances received -€921,817
down €921,817 (-100%), from €921,817 to €0
- Profit (loss) carried forward -€671,389
down €671,389 (-38.9%), from -€1.7m to -€2.4m
- Trade debts -€332,821
down €332,821 (-75.1%), from €443,451 to €110,629
- Current portion of long-term debt +€36,834
up €36,834 (+42.7%), from €86,221 to €123,055
Income statement
- Gross operating margin -€1.0m
down €1.0m, from €666,513 to -€360,314
- Other operating charges +€65,180
up €65,180 (+1,805%), from €3,611 to €68,792
- Depreciation +€11,033
up €11,033 (+12.7%), from €86,929 to €97,962
- Financial charges +€10,217
up €10,217 (+8.2%), from €124,380 to €134,596
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.
Result 2024
€194,015
Gross operating margin
-€1.0m
Staff costs
-€6,460
Depreciation
-€11,033
Other operating charges
-€65,180
Other operating items
+€255,844
Financial income
-€1,568
Financial charges
-€10,217
Taxes
+€38
Result 2025
-€671,389
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€121,543
Investment
-€112,660
Financing
-€4,724
Cash 2024
€10
From operations (derived)
+€121,543
Net result for the year
-€671,389
Depreciation
+€97,962
Stocks and contracts
-€18,300
Receivables within one year
+€284,322
Smaller working-capital items
-€1,822
Trade debts
-€332,821
Advances received
-€921,817
Other debts
+€1.7m
Accrued charges and deferred income
+€12,670
Investment (derived)
-€112,660
Investment in fixed assets (net)
-€112,660
Financing
-€4,724
Debts after one year
-€35,513
Current portion of long-term debt
+€36,834
Short-term financial debts
-€6,045
Cash 2025
€4,169
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,296,077 | €3,049,704 | -€246,372 | -7.5% |
| Fixed assets | 21/28 | €2,371,136 | €2,385,834 | +€14,698 | +0.6% |
| Tangible fixed assets | 22/27 | €1,720,198 | €1,734,897 | +€14,698 | +0.9% |
| Land and buildings | 22 | €1,590,792 | €1,550,225 | -€40,567 | -2.6% |
| Plant, machinery and equipment | 23 | €112,432 | €117,193 | +€4,760 | +4.2% |
| Furniture and vehicles | 24 | €16,974 | €67,478 | +€50,505 | +298% |
| Financial fixed assets | 28 | €650,937 | €650,937 | = | 0.0% |
| Current assets | 29/58 | €924,941 | €663,870 | -€261,071 | -28.2% |
| Stocks and contracts in progress | 3 | €605,000 | €623,300 | +€18,300 | +3.0% |
| Stocks | 30/36 | €605,000 | €623,300 | +€18,300 | +3.0% |
| Amounts receivable within one year | 40/41 | €315,429 | €31,108 | -€284,322 | -90.1% |
| Trade receivables | 40 | €237,336 | €18,150 | -€219,186 | -92.4% |
| Other amounts receivable | 41 | €78,093 | €12,958 | -€65,136 | -83.4% |
| Cash at bank and in hand | 54/58 | €10 | €4,169 | +€4,159 | +42,528% |
| Deferred charges and accrued income | 490/1 | €4,502 | €5,294 | +€792 | +17.6% |
| Total equity and liabilities | 10/49 | €3,296,077 | €3,049,704 | -€246,372 | -7.5% |
| Equity | 10/15 | -€946,459 | -€1,617,848 | -€671,389 | -70.9% |
| Contributions | 10/11 | €119,831 | €119,831 | = | 0.0% |
| Revaluation surpluses | 12 | €657,765 | €657,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,724,055 | -€2,395,444 | -€671,389 | -38.9% |
| Amounts payable | 17/49 | €4,242,535 | €4,667,552 | +€425,016 | +10.0% |
| Amounts payable after more than one year | 17 | €322,598 | €287,086 | -€35,513 | -11.0% |
| Financial debts | 170/4 | €322,598 | €287,086 | -€35,513 | -11.0% |
| Amounts payable within one year | 42/48 | €3,817,679 | €4,265,538 | +€447,859 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €86,221 | €123,055 | +€36,834 | +42.7% |
| Financial debts | 43 | €35,160 | €29,115 | -€6,045 | -17.2% |
| Credit institutions | 430/8 | €35,160 | €29,115 | -€6,045 | -17.2% |
| Trade debts | 44 | €443,451 | €110,629 | -€332,821 | -75.1% |
| Suppliers | 440/4 | €443,451 | €110,629 | -€332,821 | -75.1% |
| Advances received on contracts in progress | 46 | €921,817 | €0 | -€921,817 | -100% |
| Taxes, remuneration and social security | 45 | €5,442 | €4,411 | -€1,030 | -18.9% |
| Taxes | 450/3 | €5,442 | €3,552 | -€1,890 | -34.7% |
| Remuneration and social security | 454/9 | €0 | €859 | +€859 | |
| Other amounts payable | 47/48 | €2,325,588 | €3,998,328 | +€1.7m | +71.9% |
| Accrued charges and deferred income | 492/3 | €102,259 | €114,928 | +€12,670 | +12.4% |
| Non-recurring operating income | 76A | €290,000 | €0 | -€290,000 | -100% |
| Remuneration, social security and pensions | 62 | - | €6,460 | +€6,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,929 | €97,962 | +€11,033 | +12.7% |
| Other operating charges | 640/8 | €3,611 | €68,792 | +€65,180 | +1,805% |
| Non-recurring operating charges | 66A | €258,985 | €3,141 | -€255,844 | -98.8% |
| Gross operating margin | 9900 | €666,513 | -€360,314 | -€1.0m | |
| Operating profit (loss) | 9901 | €316,988 | -€536,669 | -€853,657 | |
| Financial income | 75/76B | €1,903 | €335 | -€1,568 | -82.4% |
| Recurring financial income | 75 | €1,903 | €335 | -€1,568 | -82.4% |
| Financial charges | 65/66B | €124,380 | €134,596 | +€10,217 | +8.2% |
| Recurring financial charges | 65 | €124,380 | €134,596 | +€10,217 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €194,511 | -€670,930 | -€865,442 | |
| Income taxes | 67/77 | €496 | €458 | -€38 | -7.6% |
| Profit (loss) for the period | 9904 | €194,015 | -€671,389 | -€865,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €194,015 | -€671,389 | -€865,404 |
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 20 October 2026 via checked.be.