Matunda: what changed
Two fiscal 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.
Matunda
Largest movements
- Cash -€7,658
down €7,658 (-36.7%), from €20,842 to €13,184
mainly Stocks and contracts (-€6,964) and Receivables within one year (-€1,634)
- Stocks and contracts +€6,964
up €6,964 (+25.7%), from €27,148 to €34,112
- Tangible fixed assets -€2,742
down €2,742 (-44.8%), from €6,126 to €3,384
of which Plant, machinery and equipment: -€2,329
- Receivables within one year +€1,634
up €1,634 (+170.6%), from €958 to €2,592
- Profit (loss) carried forward -€1,187
down €1,187 (-7.1%), from €16,701 to €15,514
- Tax, wage and social debts -€667
down €667 (-10.9%), from €6,105 to €5,438
- Gross operating margin -€16,048
down €16,048 (-90.0%), from €17,835 to €1,787
- Taxes -€4,214
no longer reported in 2025 (was €4,214)
- Depreciation +€776
up €776 (+39.5%), from €1,966 to €2,742
- Financial income -€564
down €564 (-98.3%), from €574 to €10
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 | €56,000 | €54,205 | -€1,795 | -3.2% |
| Fixed assets | 21/28 | €6,821 | €4,079 | -€2,742 | -40.2% |
| Tangible fixed assets | 22/27 | €6,126 | €3,384 | -€2,742 | -44.8% |
| Plant, machinery and equipment | 23 | €5,215 | €2,886 | -€2,329 | -44.7% |
| Furniture and vehicles | 24 | €911 | €498 | -€413 | -45.3% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €49,179 | €50,126 | +€947 | +1.9% |
| Stocks and contracts in progress | 3 | €27,148 | €34,112 | +€6,964 | +25.7% |
| Stocks | 30/36 | €27,148 | €34,112 | +€6,964 | +25.7% |
| Amounts receivable within one year | 40/41 | €958 | €2,592 | +€1,634 | +170.6% |
| Trade receivables | 40 | €958 | €2,592 | +€1,634 | +170.6% |
| Cash at bank and in hand | 54/58 | €20,842 | €13,184 | -€7,658 | -36.7% |
| Deferred charges and accrued income | 490/1 | €231 | €238 | +€7 | +3.0% |
| Total equity and liabilities | 10/49 | €56,000 | €54,205 | -€1,795 | -3.2% |
| Equity | 10/15 | €48,351 | €47,164 | -€1,187 | -2.5% |
| Contributions | 10/11 | €31,650 | €31,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,701 | €15,514 | -€1,187 | -7.1% |
| Amounts payable | 17/49 | €7,649 | €7,041 | -€608 | -7.9% |
| Amounts payable within one year | 42/48 | €7,649 | €7,041 | -€608 | -7.9% |
| Trade debts | 44 | €1,544 | €1,603 | +€59 | +3.8% |
| Suppliers | 440/4 | €1,544 | €1,603 | +€59 | +3.8% |
| Taxes, remuneration and social security | 45 | €6,105 | €5,438 | -€667 | -10.9% |
| Taxes | 450/3 | €6,105 | €5,438 | -€667 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,966 | €2,742 | +€776 | +39.5% |
| Gross operating margin | 9900 | €17,835 | €1,787 | -€16,048 | -90.0% |
| Operating profit (loss) | 9901 | €15,869 | -€955 | -€16,824 | |
| Financial income | 75/76B | €574 | €10 | -€564 | -98.3% |
| Recurring financial income | 75 | €574 | €10 | -€564 | -98.3% |
| Financial charges | 65/66B | €395 | €242 | -€153 | -38.7% |
| Recurring financial charges | 65 | €395 | €242 | -€153 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €16,048 | -€1,187 | -€17,235 | |
| Income taxes | 67/77 | €4,214 | - | -€4,214 | |
| Profit (loss) for the period | 9904 | €11,834 | -€1,187 | -€13,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,834 | -€1,187 | -€13,021 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.