MATTU WORX: 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.
MATTU WORX
Largest movements
- Cash -€3,341
down €3,341 (-79.6%), from €4,196 to €855
mainly Other debts (-€8,401) and Investment in fixed assets (net) (-€6,722)
- Receivables within one year +€1,942
up €1,942 (+24.5%), from €7,913 to €9,855
of which Trade receivables: +€2,950
- Tangible fixed assets +€1,308
up €1,308 (+6.4%), from €20,361 to €21,669
- Formation expenses -€504
down €504 (-67.8%), from €743 to €239
- Other debts -€8,401
down €8,401 (-97.5%), from €8,620 to €219
- Tax, wage and social debts +€4,875
up €4,875 (+348%), from €1,400 to €6,275
- Trade debts +€3,138
up €3,138 (+161%), from €1,949 to €5,087
- Purchases and services +€90,950
up €90,950 (+374%), from €24,342 to €115,292
- Turnover +€78,858
up €78,858 (+173%), from €45,492 to €124,350
- Gross operating margin -€12,092
down €12,092 (-57.2%), from €21,150 to €9,058
- Depreciation +€4,013
up €4,013 (+211%), from €1,905 to €5,918
- Other operating charges +€3,275
up €3,275 (+251,928%), from €1 to €3,276
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,213 | €32,618 | -€595 | -1.8% |
| Formation expenses | 20 | €743 | €239 | -€504 | -67.8% |
| Fixed assets | 21/28 | €20,361 | €21,669 | +€1,308 | +6.4% |
| Tangible fixed assets | 22/27 | €20,361 | €21,669 | +€1,308 | +6.4% |
| Furniture and vehicles | 24 | €20,361 | €21,669 | +€1,308 | +6.4% |
| Current assets | 29/58 | €12,109 | €10,710 | -€1,399 | -11.6% |
| Amounts receivable within one year | 40/41 | €7,913 | €9,855 | +€1,942 | +24.5% |
| Trade receivables | 40 | €2,218 | €5,168 | +€2,950 | +133% |
| Other amounts receivable | 41 | €5,696 | €4,688 | -€1,008 | -17.7% |
| Cash at bank and in hand | 54/58 | €4,196 | €855 | -€3,341 | -79.6% |
| Total equity and liabilities | 10/49 | €33,213 | €32,618 | -€595 | -1.8% |
| Equity | 10/15 | €21,244 | €21,036 | -€208 | -1.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €912 | €912 | = | 0.0% |
| Non-distributable reserves | 130/1 | €912 | €912 | = | 0.0% |
| Other | 1319 | €912 | €912 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,332 | €17,124 | -€208 | -1.2% |
| Amounts payable | 17/49 | €11,969 | €11,582 | -€388 | -3.2% |
| Amounts payable within one year | 42/48 | €11,969 | €11,582 | -€388 | -3.2% |
| Trade debts | 44 | €1,949 | €5,087 | +€3,138 | +161% |
| Suppliers | 440/4 | €1,949 | €5,087 | +€3,138 | +161% |
| Taxes, remuneration and social security | 45 | €1,400 | €6,275 | +€4,875 | +348% |
| Taxes | 450/3 | €1,400 | €6,275 | +€4,875 | +348% |
| Other amounts payable | 47/48 | €8,620 | €219 | -€8,401 | -97.5% |
| Turnover | 70 | €45,492 | €124,350 | +€78,858 | +173% |
| Goods, raw materials, services and sundry goods | 60/61 | €24,342 | €115,292 | +€90,950 | +374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,905 | €5,918 | +€4,013 | +211% |
| Other operating charges | 640/8 | €1 | €3,276 | +€3,275 | +251,928% |
| Gross operating margin | 9900 | €21,150 | €9,058 | -€12,092 | -57.2% |
| Operating profit (loss) | 9901 | €19,244 | -€136 | -€19,380 | |
| Financial charges | 65/66B | - | €71 | +€71 | |
| Recurring financial charges | 65 | - | €71 | +€71 | |
| Profit (loss) for the period before taxes | 9903 | €19,244 | -€208 | -€19,451 | |
| Income taxes | 67/77 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period | 9904 | €18,244 | -€208 | -€18,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,244 | -€208 | -€18,451 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.