Matuvu: 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.
Matuvu
Largest movements
- Stocks and contracts +€30,481
up €30,481 (+27.6%), from €110,407 to €140,888
- Tangible fixed assets -€4,911
down €4,911 (-78.7%), from €6,238 to €1,326
of which Land and buildings: -€4,391
- Cash -€4,019
down €4,019 (-18.4%), from €21,802 to €17,783
mainly Stocks and contracts (-€30,481) and Debts after one year (-€6,811)
- Receivables within one year -€3,353
down €3,353 (-5.5%), from €60,757 to €57,404
- Trade debts +€21,384
up €21,384 (+42.1%), from €50,808 to €72,192
- Profit (loss) carried forward +€9,958
up €9,958 (+10.7%), from €92,804 to €102,762
- Debts after one year -€6,811
no longer reported in 2025 (was €6,811)
- Tax, wage and social debts -€4,209
down €4,209 (-30.5%), from €13,786 to €9,576
- Gross operating margin +€30,775
up €30,775 (+108.8%), from €28,279 to €59,054
- Write-downs +€25,113
up €25,113 (+169.1%), from €14,849 to €39,962
- Taxes +€2,787
new in 2025: €2,787
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 | €199,203 | €217,401 | +€18,198 | +9.1% |
| Fixed assets | 21/28 | €6,238 | €1,326 | -€4,911 | -78.7% |
| Tangible fixed assets | 22/27 | €6,238 | €1,326 | -€4,911 | -78.7% |
| Land and buildings | 22 | €4,812 | €422 | -€4,391 | -91.2% |
| Plant, machinery and equipment | 23 | €1,425 | €905 | -€520 | -36.5% |
| Current assets | 29/58 | €192,965 | €216,075 | +€23,109 | +12.0% |
| Stocks and contracts in progress | 3 | €110,407 | €140,888 | +€30,481 | +27.6% |
| Stocks | 30/36 | €110,407 | €140,888 | +€30,481 | +27.6% |
| Amounts receivable within one year | 40/41 | €60,757 | €57,404 | -€3,353 | -5.5% |
| Other amounts receivable | 41 | €60,757 | €57,404 | -€3,353 | -5.5% |
| Cash at bank and in hand | 54/58 | €21,802 | €17,783 | -€4,019 | -18.4% |
| Total equity and liabilities | 10/49 | €199,203 | €217,401 | +€18,198 | +9.1% |
| Equity | 10/15 | €100,864 | €110,822 | +€9,958 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €92,804 | €102,762 | +€9,958 | +10.7% |
| Amounts payable | 17/49 | €98,339 | €106,580 | +€8,241 | +8.4% |
| Amounts payable after more than one year | 17 | €6,811 | - | -€6,811 | |
| Financial debts | 170/4 | €6,811 | - | -€6,811 | |
| Amounts payable within one year | 42/48 | €91,528 | €106,580 | +€15,052 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €23,934 | €21,811 | -€2,123 | -8.9% |
| Trade debts | 44 | €50,808 | €72,192 | +€21,384 | +42.1% |
| Suppliers | 440/4 | €50,808 | €72,192 | +€21,384 | +42.1% |
| Taxes, remuneration and social security | 45 | €13,786 | €9,576 | -€4,209 | -30.5% |
| Taxes | 450/3 | €13,786 | €9,576 | -€4,209 | -30.5% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,911 | €4,911 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,849 | €39,962 | +€25,113 | +169.1% |
| Other operating charges | 640/8 | €1,117 | €1,056 | -€61 | -5.4% |
| Gross operating margin | 9900 | €28,279 | €59,054 | +€30,775 | +108.8% |
| Operating profit (loss) | 9901 | €7,402 | €13,125 | +€5,723 | +77.3% |
| Financial income | 75/76B | €731 | €1,283 | +€552 | +75.4% |
| Recurring financial income | 75 | €731 | €1,283 | +€552 | +75.4% |
| Financial charges | 65/66B | €1,846 | €1,663 | -€183 | -9.9% |
| Recurring financial charges | 65 | €1,846 | €1,663 | -€183 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €6,288 | €12,745 | +€6,457 | +102.7% |
| Income taxes | 67/77 | - | €2,787 | +€2,787 | |
| Profit (loss) for the period | 9904 | €6,288 | €9,958 | +€3,670 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,288 | €9,958 | +€3,670 | +58.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.