MATTUVU: 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.
MATTUVU
Largest movements
- Cash -€39,269
down €39,269 (-95.3%), from €41,197 to €1,928
mainly Investment in fixed assets (net) (-€32,824) and Net result for the year (-€29,858)
- Tangible fixed assets +€16,441
up €16,441 (+109.1%), from €15,071 to €31,512
of which Other tangible fixed assets: +€17,718
- Receivables within one year +€14,627
up €14,627 (+72.1%), from €20,301 to €34,928
of which Other amounts receivable: +€8,559
- Current investments +€6,889
new in 2025: €6,889
- Financial fixed assets +€5,100
new in 2025: €5,100
- Reserves -€29,858
down €29,858 (-47.3%), from €63,165 to €33,306
- Debts after one year +€18,363
new in 2025: €18,363
- Current portion of long-term debt +€13,152
new in 2025: €13,152
- Tax, wage and social debts -€2,827
down €2,827 (-29.9%), from €9,461 to €6,635
- Trade debts +€2,554
up €2,554 (+124.8%), from €2,046 to €4,600
- Gross operating margin -€42,077
down €42,077, from €24,496 to -€17,581
- Taxes -€3,878
down €3,878 (-100.0%), from €3,878 to €0
- Depreciation +€2,878
up €2,878 (+75.8%), from €3,794 to €6,672
- Staff costs +€1,877
up €1,877 (+102.2%), from €1,836 to €3,712
- Financial charges +€1,358
up €1,358 (+235.4%), from €577 to €1,935
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 | €90,162 | €92,891 | +€2,729 | +3.0% |
| Fixed assets | 21/28 | €16,870 | €43,022 | +€26,152 | +155.0% |
| Intangible fixed assets | 21 | €1,800 | €6,411 | +€4,611 | +256.2% |
| Tangible fixed assets | 22/27 | €15,071 | €31,512 | +€16,441 | +109.1% |
| Plant, machinery and equipment | 23 | €9,661 | €8,211 | -€1,450 | -15.0% |
| Furniture and vehicles | 24 | €3,525 | €3,698 | +€173 | +4.9% |
| Other tangible fixed assets | 26 | €1,885 | €19,603 | +€17,718 | +940.2% |
| Financial fixed assets | 28 | - | €5,100 | +€5,100 | |
| Current assets | 29/58 | €73,292 | €49,869 | -€23,423 | -32.0% |
| Stocks and contracts in progress | 3 | €10,066 | €5,479 | -€4,587 | -45.6% |
| Stocks | 30/36 | €10,066 | €5,479 | -€4,587 | -45.6% |
| Amounts receivable within one year | 40/41 | €20,301 | €34,928 | +€14,627 | +72.1% |
| Trade receivables | 40 | €12,100 | €18,168 | +€6,068 | +50.1% |
| Other amounts receivable | 41 | €8,201 | €16,760 | +€8,559 | +104.4% |
| Current investments | 50/53 | - | €6,889 | +€6,889 | |
| Cash at bank and in hand | 54/58 | €41,197 | €1,928 | -€39,269 | -95.3% |
| Deferred charges and accrued income | 490/1 | €1,729 | €646 | -€1,083 | -62.6% |
| Total equity and liabilities | 10/49 | €90,162 | €92,891 | +€2,729 | +3.0% |
| Equity | 10/15 | €73,165 | €43,306 | -€29,858 | -40.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €63,165 | €33,306 | -€29,858 | -47.3% |
| Distributable reserves | 133 | €63,165 | €33,306 | -€29,858 | -47.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,998 | €49,585 | +€32,587 | +191.7% |
| Amounts payable after more than one year | 17 | - | €18,363 | +€18,363 | |
| Financial debts | 170/4 | - | €18,363 | +€18,363 | |
| Amounts payable within one year | 42/48 | €16,998 | €31,222 | +€14,224 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,152 | +€13,152 | |
| Financial debts | 43 | €4,470 | €4,928 | +€457 | +10.2% |
| Credit institutions | 430/8 | €4,470 | €4,928 | +€457 | +10.2% |
| Trade debts | 44 | €2,046 | €4,600 | +€2,554 | +124.8% |
| Suppliers | 440/4 | €2,046 | €4,600 | +€2,554 | +124.8% |
| Taxes, remuneration and social security | 45 | €9,461 | €6,635 | -€2,827 | -29.9% |
| Taxes | 450/3 | €9,461 | €6,635 | -€2,827 | -29.9% |
| Other amounts payable | 47/48 | €1,020 | €1,907 | +€887 | +87.0% |
| Remuneration, social security and pensions | 62 | €1,836 | €3,712 | +€1,877 | +102.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,794 | €6,672 | +€2,878 | +75.8% |
| Other operating charges | 640/8 | €1,315 | €0 | -€1,315 | -100.0% |
| Gross operating margin | 9900 | €24,496 | -€17,581 | -€42,077 | |
| Operating profit (loss) | 9901 | €17,551 | -€27,965 | -€45,516 | |
| Financial income | 75/76B | €0 | €41 | +€41 | |
| Recurring financial income | 75 | €0 | €41 | +€41 | |
| Financial charges | 65/66B | €577 | €1,935 | +€1,358 | +235.4% |
| Recurring financial charges | 65 | €577 | €1,935 | +€1,358 | +235.4% |
| Profit (loss) for the period before taxes | 9903 | €16,975 | -€29,858 | -€46,833 | |
| Income taxes | 67/77 | €3,878 | €0 | -€3,878 | -100.0% |
| Profit (loss) for the period | 9904 | €13,096 | -€29,858 | -€42,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,096 | -€29,858 | -€42,955 |
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.