MATUS: 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.
MATUS
Largest movements
- Cash +€41,180
up €41,180 (+81.8%), from €50,373 to €91,553
mainly Net result for the year (+€86,574) and Other debts (+€35,677)
- Tangible fixed assets -€27,157
down €27,157 (-14.0%), from €193,984 to €166,827
of which Furniture and vehicles: -€18,113
- Receivables within one year +€14,828
up €14,828 (+18.3%), from €80,966 to €95,794
of which Trade receivables: +€19,340
- Profit (loss) carried forward +€86,574
up €86,574, from -€45,269 to €41,305
- Trade debts -€66,315
down €66,315 (-47.5%), from €139,662 to €73,347
- Reserves -€54,828
down €54,828 (-20.1%), from €272,677 to €217,850
- Other debts +€35,677
up €35,677 (+84.5%), from €42,230 to €77,907
- Accrued charges and deferred income +€12,549
up €12,549 (+363.6%), from €3,452 to €16,000
- Gross operating margin +€108,316
up €108,316 (+114.3%), from €94,789 to €203,105
- Taxes +€9,401
up €9,401 (+2919.2%), from €322 to €9,723
- Financial income -€4,469
down €4,469 (-92.3%), from €4,839 to €371
- Financial charges +€4,120
up €4,120 (+80.5%), from €5,119 to €9,239
of which Financial charges: +€8,741
- Staff costs +€2,869
up €2,869 (+4.4%), from €64,935 to €67,804
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 | €449,634 | €473,681 | +€24,047 | +5.3% |
| Fixed assets | 21/28 | €193,984 | €167,327 | -€26,657 | -13.7% |
| Tangible fixed assets | 22/27 | €193,984 | €166,827 | -€27,157 | -14.0% |
| Land and buildings | 22 | €142,959 | €138,230 | -€4,729 | -3.3% |
| Plant, machinery and equipment | 23 | €20,486 | €16,219 | -€4,267 | -20.8% |
| Furniture and vehicles | 24 | €30,490 | €12,377 | -€18,113 | -59.4% |
| Other tangible fixed assets | 26 | €49 | - | -€49 | |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €255,650 | €306,354 | +€50,704 | +19.8% |
| Stocks and contracts in progress | 3 | €117,393 | €113,720 | -€3,673 | -3.1% |
| Stocks | 30/36 | €117,393 | €113,720 | -€3,673 | -3.1% |
| Amounts receivable within one year | 40/41 | €80,966 | €95,794 | +€14,828 | +18.3% |
| Trade receivables | 40 | €76,446 | €95,786 | +€19,340 | +25.3% |
| Other amounts receivable | 41 | €4,520 | €8 | -€4,512 | -99.8% |
| Cash at bank and in hand | 54/58 | €50,373 | €91,553 | +€41,180 | +81.8% |
| Deferred charges and accrued income | 490/1 | €6,918 | €5,288 | -€1,630 | -23.6% |
| Total equity and liabilities | 10/49 | €449,634 | €473,681 | +€24,047 | +5.3% |
| Equity | 10/15 | €248,056 | €279,467 | +€31,410 | +12.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €272,677 | €217,850 | -€54,828 | -20.1% |
| Distributable reserves | 133 | €272,677 | €217,850 | -€54,828 | -20.1% |
| Profit (loss) carried forward | 14 | -€45,269 | €41,305 | +€86,574 | |
| Investment grants | 15 | €8,249 | €7,912 | -€336 | -4.1% |
| Amounts payable | 17/49 | €201,577 | €194,214 | -€7,363 | -3.7% |
| Amounts payable within one year | 42/48 | €198,126 | €178,214 | -€19,912 | -10.1% |
| Trade debts | 44 | €139,662 | €73,347 | -€66,315 | -47.5% |
| Suppliers | 440/4 | €139,662 | €73,347 | -€66,315 | -47.5% |
| Taxes, remuneration and social security | 45 | €16,234 | €26,960 | +€10,726 | +66.1% |
| Taxes | 450/3 | €9,742 | €13,008 | +€3,266 | +33.5% |
| Remuneration and social security | 454/9 | €6,491 | €13,952 | +€7,461 | +114.9% |
| Other amounts payable | 47/48 | €42,230 | €77,907 | +€35,677 | +84.5% |
| Accrued charges and deferred income | 492/3 | €3,452 | €16,000 | +€12,549 | +363.6% |
| Remuneration, social security and pensions | 62 | €64,935 | €67,804 | +€2,869 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,313 | €27,157 | +€845 | +3.2% |
| Other operating charges | 640/8 | €2,840 | €2,979 | +€139 | +4.9% |
| Gross operating margin | 9900 | €94,789 | €203,105 | +€108,316 | +114.3% |
| Operating profit (loss) | 9901 | €701 | €105,165 | +€104,464 | +14899.0% |
| Financial income | 75/76B | €4,839 | €371 | -€4,469 | -92.3% |
| Recurring financial income | 75 | €4,839 | €371 | -€4,469 | -92.3% |
| Financial charges | 65/66B | €5,119 | €9,239 | +€4,120 | +80.5% |
| Recurring financial charges | 65 | €498 | €9,239 | +€8,741 | +1755.5% |
| Non-recurring financial charges | 66B | €4,621 | - | -€4,621 | |
| Profit (loss) for the period before taxes | 9903 | €421 | €96,297 | +€95,876 | +22757.2% |
| Income taxes | 67/77 | €322 | €9,723 | +€9,401 | +2919.2% |
| Profit (loss) for the period | 9904 | €99 | €86,574 | +€86,475 | +87128.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99 | €86,574 | +€86,475 | +87128.2% |
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 10 October 2026 via checked.be.