MattR-2: 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.
MattR-2
Largest movements
- Receivables within one year -€82,865
down €82,865 (-80.4%), from €103,099 to €20,234
of which Other amounts receivable: -€56,240
- Receivables after one year +€65,000
up €65,000 (+101%), from €64,528 to €129,528
- Other debts -€29,934
down €29,934 (-72.1%), from €41,507 to €11,573
- Trade debts +€26,794
up €26,794 (+5.7%), from €466,250 to €493,044
- Gross operating margin -€100,831
down €100,831, from €97,273 to -€3,558
- Staff costs -€63,871
no longer reported in 2025 (was €63,871)
- Financial charges -€7,166
down €7,166 (-85.2%), from €8,409 to €1,243
of which Non-recurring financial charges: -€4,346
- Taxes +€4,472
up €4,472 (+7,300%), from €61 to €4,534
- Financial income -€3,564
down €3,564 (-43.8%), from €8,144 to €4,580
of which Non-recurring financial income: -€3,730
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 | €1,045,432 | €1,028,782 | -€16,650 | -1.6% |
| Fixed assets | 21/28 | €834,315 | €837,303 | +€2,988 | +0.4% |
| Intangible fixed assets | 21 | €832,127 | €835,734 | +€3,607 | +0.4% |
| Tangible fixed assets | 22/27 | €2,188 | €1,570 | -€618 | -28.3% |
| Plant, machinery and equipment | 23 | €903 | €783 | -€120 | -13.3% |
| Furniture and vehicles | 24 | €1,285 | €787 | -€498 | -38.8% |
| Current assets | 29/58 | €211,117 | €191,479 | -€19,639 | -9.3% |
| Amounts receivable after more than one year | 29 | €64,528 | €129,528 | +€65,000 | +101% |
| Other amounts receivable | 291 | €64,528 | €129,528 | +€65,000 | +101% |
| Amounts receivable within one year | 40/41 | €103,099 | €20,234 | -€82,865 | -80.4% |
| Trade receivables | 40 | €42,967 | €16,341 | -€26,625 | -62.0% |
| Other amounts receivable | 41 | €60,133 | €3,893 | -€56,240 | -93.5% |
| Cash at bank and in hand | 54/58 | €31,541 | €31,197 | -€344 | -1.1% |
| Deferred charges and accrued income | 490/1 | €11,949 | €10,520 | -€1,429 | -12.0% |
| Total equity and liabilities | 10/49 | €1,045,432 | €1,028,782 | -€16,650 | -1.6% |
| Equity | 10/15 | €270,702 | €263,329 | -€7,373 | -2.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,702 | €253,329 | -€7,373 | -2.8% |
| Amounts payable | 17/49 | €774,731 | €765,454 | -€9,277 | -1.2% |
| Amounts payable after more than one year | 17 | €260,000 | €260,000 | = | 0.0% |
| Other amounts payable | 178/9 | €260,000 | €260,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €514,731 | €505,454 | -€9,277 | -1.8% |
| Financial debts | 43 | €566 | - | -€566 | |
| Credit institutions | 430/8 | €566 | - | -€566 | |
| Trade debts | 44 | €466,250 | €493,044 | +€26,794 | +5.7% |
| Suppliers | 440/4 | €466,250 | €493,044 | +€26,794 | +5.7% |
| Taxes, remuneration and social security | 45 | €6,408 | €837 | -€5,571 | -86.9% |
| Taxes | 450/3 | €6,360 | €837 | -€5,523 | -86.8% |
| Remuneration and social security | 454/9 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €41,507 | €11,573 | -€29,934 | -72.1% |
| Non-recurring operating income | 76A | €16,917 | - | -€16,917 | |
| Remuneration, social security and pensions | 62 | €63,871 | - | -€63,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €618 | +€289 | +87.5% |
| Other operating charges | 640/8 | €2,453 | €2,001 | -€452 | -18.4% |
| Gross operating margin | 9900 | €97,273 | -€3,558 | -€100,831 | |
| Operating profit (loss) | 9901 | €30,620 | -€6,177 | -€36,796 | |
| Financial income | 75/76B | €8,144 | €4,580 | -€3,564 | -43.8% |
| Recurring financial income | 75 | €3,846 | €4,012 | +€166 | +4.3% |
| Non-recurring financial income | 76B | €4,298 | €568 | -€3,730 | -86.8% |
| Financial charges | 65/66B | €8,409 | €1,243 | -€7,166 | -85.2% |
| Recurring financial charges | 65 | €4,062 | €1,243 | -€2,820 | -69.4% |
| Non-recurring financial charges | 66B | €4,346 | - | -€4,346 | |
| Profit (loss) for the period before taxes | 9903 | €30,355 | -€2,839 | -€33,194 | |
| Income taxes | 67/77 | €61 | €4,534 | +€4,472 | +7,300% |
| Profit (loss) for the period | 9904 | €30,293 | -€7,373 | -€37,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,293 | -€7,373 | -€37,666 |
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.