MATUVI CONCEPTS: 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.
MATUVI CONCEPTS
Largest movements
- Tangible fixed assets +€20,737
up €20,737 (+204%), from €10,141 to €30,878
of which Plant, machinery and equipment: +€20,346
- Receivables within one year +€15,662
up €15,662 (+36.8%), from €42,509 to €58,171
of which Other amounts receivable: +€19,495
- Cash -€3,972
down €3,972 (-16.0%), from €24,818 to €20,846
mainly Investment in fixed assets (net) (-€24,859) and Receivables within one year (-€15,662)
- Deferred charges and accrued income +€2,470
up €2,470 (+214%), from €1,153 to €3,623
- Stocks and contracts +€1,512
up €1,512 (+115%), from €1,310 to €2,822
- Reserves +€17,900
up €17,900 (+45.9%), from €38,971 to €56,871
of which Distributable reserves: +€19,760
- Current portion of long-term debt +€10,388
new in 2025: €10,388
- Debts after one year +€8,810
new in 2025: €8,810
- Trade debts +€2,233
up €2,233 (+41.1%), from €5,430 to €7,663
- Short-term financial debts -€1,587
no longer reported in 2025 (was €1,587)
- Gross operating margin -€6,812
down €6,812 (-16.2%), from €42,155 to €35,343
- Depreciation +€2,676
up €2,676 (+185%), from €1,446 to €4,122
- Financial charges +€1,047
up €1,047 (+199%), from €526 to €1,574
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.
Derived cash bridge
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 | €79,931 | €116,340 | +€36,409 | +45.6% |
| Fixed assets | 21/28 | €10,141 | €30,878 | +€20,737 | +204% |
| Tangible fixed assets | 22/27 | €10,141 | €30,878 | +€20,737 | +204% |
| Plant, machinery and equipment | 23 | €7,944 | €28,290 | +€20,346 | +256% |
| Furniture and vehicles | 24 | - | €850 | +€850 | |
| Other tangible fixed assets | 26 | €2,198 | €1,738 | -€459 | -20.9% |
| Current assets | 29/58 | €69,790 | €85,462 | +€15,672 | +22.5% |
| Stocks and contracts in progress | 3 | €1,310 | €2,822 | +€1,512 | +115% |
| Stocks | 30/36 | €1,310 | €2,822 | +€1,512 | +115% |
| Amounts receivable within one year | 40/41 | €42,509 | €58,171 | +€15,662 | +36.8% |
| Trade receivables | 40 | €11,608 | €7,775 | -€3,833 | -33.0% |
| Other amounts receivable | 41 | €30,901 | €50,396 | +€19,495 | +63.1% |
| Cash at bank and in hand | 54/58 | €24,818 | €20,846 | -€3,972 | -16.0% |
| Deferred charges and accrued income | 490/1 | €1,153 | €3,623 | +€2,470 | +214% |
| Total equity and liabilities | 10/49 | €79,931 | €116,340 | +€36,409 | +45.6% |
| Equity | 10/15 | €59,495 | €77,422 | +€17,927 | +30.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,971 | €56,871 | +€17,900 | +45.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €12,411 | €12,411 | = | 0.0% |
| Distributable reserves | 133 | €24,700 | €44,460 | +€19,760 | +80.0% |
| Profit (loss) carried forward | 14 | €14,324 | €14,351 | +€27 | +0.2% |
| Amounts payable | 17/49 | €20,436 | €38,919 | +€18,482 | +90.4% |
| Amounts payable after more than one year | 17 | - | €8,810 | +€8,810 | |
| Financial debts | 170/4 | - | €8,810 | +€8,810 | |
| Amounts payable within one year | 42/48 | €20,436 | €30,108 | +€9,672 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,388 | +€10,388 | |
| Financial debts | 43 | €1,587 | - | -€1,587 | |
| Credit institutions | 430/8 | €1,587 | - | -€1,587 | |
| Trade debts | 44 | €5,430 | €7,663 | +€2,233 | +41.1% |
| Suppliers | 440/4 | €5,430 | €7,663 | +€2,233 | +41.1% |
| Taxes, remuneration and social security | 45 | €13,419 | €12,056 | -€1,363 | -10.2% |
| Taxes | 450/3 | €13,419 | €12,056 | -€1,363 | -10.2% |
| Non-recurring operating income | 76A | €5,372 | €13,417 | +€8,045 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €4,122 | +€2,676 | +185% |
| Other operating charges | 640/8 | €1,514 | €1,265 | -€249 | -16.5% |
| Non-recurring operating charges | 66A | €3,466 | - | -€3,466 | |
| Gross operating margin | 9900 | €42,155 | €35,343 | -€6,812 | -16.2% |
| Operating profit (loss) | 9901 | €35,729 | €29,956 | -€5,772 | -16.2% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €526 | €1,574 | +€1,047 | +199% |
| Recurring financial charges | 65 | €526 | €1,574 | +€1,047 | +199% |
| Profit (loss) for the period before taxes | 9903 | €35,202 | €28,395 | -€6,807 | -19.3% |
| Income taxes | 67/77 | €10,470 | €10,468 | -€2 | 0.0% |
| Profit (loss) for the period | 9904 | €24,732 | €17,927 | -€6,805 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,732 | €17,927 | -€6,805 | -27.5% |
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 25 October 2026 via checked.be.