MATVANT: 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.
MATVANT
Largest movements
- Receivables within one year +€16,585
up €16,585 (+1848.9%), from €897 to €17,482
of which Other amounts receivable: +€16,939
- Cash +€14,510
up €14,510 (+36.5%), from €39,709 to €54,219
mainly Net result for the year (+€26,670) and Receivables after one year (+€12,336)
- Receivables after one year -€12,336
down €12,336 (-100.0%), from €12,336 to €0
- Deferred charges and accrued income -€6,430
down €6,430 (-85.5%), from €7,521 to €1,091
- Reserves +€26,670
up €26,670 (+49.3%), from €54,091 to €80,761
- Tax, wage and social debts -€7,475
down €7,475 (-50.8%), from €14,704 to €7,229
- Other debts -€5,205
down €5,205 (-100.0%), from €5,205 to €0
- Gross operating margin +€9,987
up €9,987 (+33.9%), from €29,502 to €39,489
- Taxes +€2,534
up €2,534 (+45.2%), from €5,600 to €8,134
- Depreciation +€1,120
up €1,120 (+36.4%), from €3,077 to €4,196
- Other operating charges +€454
up €454 (+128.4%), from €353 to €807
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 | €80,858 | €93,732 | +€12,874 | +15.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,395 | €20,941 | +€546 | +2.7% |
| Tangible fixed assets | 22/27 | €20,395 | €20,941 | +€546 | +2.7% |
| Land and buildings | 22 | €11,564 | €10,269 | -€1,295 | -11.2% |
| Furniture and vehicles | 24 | €8,831 | €10,672 | +€1,841 | +20.8% |
| Current assets | 29/58 | €60,463 | €72,791 | +€12,328 | +20.4% |
| Amounts receivable after more than one year | 29 | €12,336 | €0 | -€12,336 | -100.0% |
| Other amounts receivable | 291 | €12,336 | €0 | -€12,336 | -100.0% |
| Amounts receivable within one year | 40/41 | €897 | €17,482 | +€16,585 | +1848.9% |
| Trade receivables | 40 | €355 | €0 | -€355 | -100.0% |
| Other amounts receivable | 41 | €542 | €17,482 | +€16,939 | +3122.7% |
| Cash at bank and in hand | 54/58 | €39,709 | €54,219 | +€14,510 | +36.5% |
| Deferred charges and accrued income | 490/1 | €7,521 | €1,091 | -€6,430 | -85.5% |
| Total equity and liabilities | 10/49 | €80,858 | €93,732 | +€12,874 | +15.9% |
| Equity | 10/15 | €59,091 | €85,761 | +€26,670 | +45.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,091 | €80,761 | +€26,670 | +49.3% |
| Distributable reserves | 133 | €54,091 | €80,761 | +€26,670 | +49.3% |
| Amounts payable | 17/49 | €21,767 | €7,971 | -€13,796 | -63.4% |
| Amounts payable within one year | 42/48 | €21,174 | €7,670 | -€13,504 | -63.8% |
| Trade debts | 44 | €1,266 | €442 | -€824 | -65.1% |
| Suppliers | 440/4 | €1,266 | €442 | -€824 | -65.1% |
| Taxes, remuneration and social security | 45 | €14,704 | €7,229 | -€7,475 | -50.8% |
| Taxes | 450/3 | €14,704 | €7,229 | -€7,475 | -50.8% |
| Other amounts payable | 47/48 | €5,205 | €0 | -€5,205 | -100.0% |
| Accrued charges and deferred income | 492/3 | €593 | €301 | -€292 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,077 | €4,196 | +€1,120 | +36.4% |
| Other operating charges | 640/8 | €353 | €807 | +€454 | +128.4% |
| Gross operating margin | 9900 | €29,502 | €39,489 | +€9,987 | +33.9% |
| Operating profit (loss) | 9901 | €26,072 | €34,486 | +€8,414 | +32.3% |
| Financial income | 75/76B | €381 | €388 | +€7 | +1.9% |
| Recurring financial income | 75 | €381 | €388 | +€7 | +1.9% |
| Financial charges | 65/66B | €309 | €69 | -€240 | -77.5% |
| Recurring financial charges | 65 | €309 | €69 | -€240 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €26,144 | €34,804 | +€8,661 | +33.1% |
| Income taxes | 67/77 | €5,600 | €8,134 | +€2,534 | +45.2% |
| Profit (loss) for the period | 9904 | €20,543 | €26,670 | +€6,127 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,543 | €26,670 | +€6,127 | +29.8% |
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.