MattR-3: 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-3
Largest movements
- Tangible fixed assets -€50,319
down €50,319 (-5.3%), from €941,496 to €891,177
- Receivables within one year +€36,762
up €36,762 (+8.0%), from €461,177 to €497,939
of which Trade receivables: +€67,924
- Cash +€22,536
up €22,536 (+1854.7%), from €1,215 to €23,751
mainly Other debts (+€305,232) and Depreciation (+€51,475)
- Other debts +€305,232
up €305,232 (+5360.5%), from €5,694 to €310,926
- Debts after one year -€143,724
down €143,724 (-10.8%), from €1.3m to €1.2m
of which Financial debts: -€143,724
- Current portion of long-term debt -€89,066
down €89,066 (-62.4%), from €142,790 to €53,724
- Profit (loss) carried forward -€52,525
down €52,525 (-47.8%), from €109,998 to €57,474
- Gross operating margin -€47,704
down €47,704 (-58.1%), from €82,075 to €34,371
- Staff costs -€15,865
down €15,865 (-95.2%), from €16,659 to €793
- Financial charges +€2,125
up €2,125 (+7.0%), from €30,252 to €32,377
of which Financial charges: +€1,475
- Depreciation -€1,308
down €1,308 (-2.5%), from €52,783 to €51,475
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 | €1,665,172 | €1,673,483 | +€8,311 | +0.5% |
| Fixed assets | 21/28 | €941,496 | €891,177 | -€50,319 | -5.3% |
| Tangible fixed assets | 22/27 | €941,496 | €891,177 | -€50,319 | -5.3% |
| Land and buildings | 22 | €670,444 | €654,688 | -€15,757 | -2.4% |
| Plant, machinery and equipment | 23 | €4,135 | €2,729 | -€1,406 | -34.0% |
| Furniture and vehicles | 24 | €22,471 | €12,104 | -€10,367 | -46.1% |
| Assets under construction and advance payments | 27 | €244,445 | €221,656 | -€22,789 | -9.3% |
| Current assets | 29/58 | €723,677 | €782,307 | +€58,630 | +8.1% |
| Amounts receivable after more than one year | 29 | €260,000 | €260,000 | = | 0.0% |
| Other amounts receivable | 291 | €260,000 | €260,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €461,177 | €497,939 | +€36,762 | +8.0% |
| Trade receivables | 40 | €418,160 | €486,084 | +€67,924 | +16.2% |
| Other amounts receivable | 41 | €43,017 | €11,856 | -€31,161 | -72.4% |
| Cash at bank and in hand | 54/58 | €1,215 | €23,751 | +€22,536 | +1854.7% |
| Deferred charges and accrued income | 490/1 | €1,285 | €617 | -€668 | -52.0% |
| Total equity and liabilities | 10/49 | €1,665,172 | €1,673,483 | +€8,311 | +0.5% |
| Equity | 10/15 | €159,998 | €107,474 | -€52,525 | -32.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,998 | €57,474 | -€52,525 | -47.8% |
| Amounts payable | 17/49 | €1,505,174 | €1,566,010 | +€60,836 | +4.0% |
| Amounts payable after more than one year | 17 | €1,334,763 | €1,191,039 | -€143,724 | -10.8% |
| Financial debts | 170/4 | €897,100 | €753,376 | -€143,724 | -16.0% |
| Other amounts payable | 178/9 | €437,663 | €437,663 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,420 | €368,735 | +€206,315 | +127.0% |
| Current portion of amounts payable after more than one year | 42 | €142,790 | €53,724 | -€89,066 | -62.4% |
| Trade debts | 44 | €1,074 | €3,574 | +€2,501 | +232.9% |
| Suppliers | 440/4 | €1,074 | €3,574 | +€2,501 | +232.9% |
| Taxes, remuneration and social security | 45 | €12,863 | €510 | -€12,352 | -96.0% |
| Taxes | 450/3 | €12,863 | €510 | -€12,352 | -96.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,694 | €310,926 | +€305,232 | +5360.5% |
| Accrued charges and deferred income | 492/3 | €7,991 | €6,235 | -€1,755 | -22.0% |
| Remuneration, social security and pensions | 62 | €16,659 | €793 | -€15,865 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,783 | €51,475 | -€1,308 | -2.5% |
| Other operating charges | 640/8 | €2,666 | €2,746 | +€80 | +3.0% |
| Gross operating margin | 9900 | €82,075 | €34,371 | -€47,704 | -58.1% |
| Operating profit (loss) | 9901 | €9,968 | -€20,643 | -€30,611 | |
| Financial income | 75/76B | €772 | €495 | -€277 | -35.8% |
| Recurring financial income | 75 | €772 | €495 | -€277 | -35.8% |
| Financial charges | 65/66B | €30,252 | €32,377 | +€2,125 | +7.0% |
| Recurring financial charges | 65 | €30,252 | €31,727 | +€1,475 | +4.9% |
| Non-recurring financial charges | 66B | - | €650 | +€650 | |
| Profit (loss) for the period before taxes | 9903 | -€19,512 | -€52,525 | -€33,012 | -169.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€19,512 | -€52,525 | -€33,012 | -169.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,512 | -€52,525 | -€33,012 | -169.2% |
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 9 October 2026 via checked.be.