MATVIC: 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.
MATVIC
Largest movements
- Tangible fixed assets -€9,839
down €9,839 (-82.8%), from €11,883 to €2,044
- Cash -€2,779
down €2,779 (-10.7%), from €25,996 to €23,216
mainly Current portion of long-term debt (-€5,076) and Trade debts (-€3,947)
- Receivables within one year +€2,151
new in 2025: €2,151
of which Other amounts receivable: +€1,689
- Deferred charges and accrued income +€718
up €718 (+60.3%), from €1,191 to €1,909
- Current portion of long-term debt -€5,076
down €5,076 (-83.2%), from €6,098 to €1,022
- Trade debts -€3,947
down €3,947 (-97.8%), from €4,035 to €88
- Reserves +€2,599
up €2,599 (+17.8%), from €14,587 to €17,185
- Tax, wage and social debts -€2,003
down €2,003 (-35.6%), from €5,628 to €3,626
of which Remuneration and social security: -€1,759
- Debts after one year -€1,022
no longer reported in 2025 (was €1,022)
- Gross operating margin -€4,269
down €4,269 (-21.6%), from €19,746 to €15,476
- Taxes -€819
down €819 (-26.4%), from €3,099 to €2,280
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 | €39,070 | €29,321 | -€9,749 | -25.0% |
| Fixed assets | 21/28 | €11,883 | €2,044 | -€9,839 | -82.8% |
| Tangible fixed assets | 22/27 | €11,883 | €2,044 | -€9,839 | -82.8% |
| Furniture and vehicles | 24 | €11,883 | €2,044 | -€9,839 | -82.8% |
| Current assets | 29/58 | €27,187 | €27,276 | +€90 | +0.3% |
| Amounts receivable within one year | 40/41 | - | €2,151 | +€2,151 | |
| Trade receivables | 40 | - | €462 | +€462 | |
| Other amounts receivable | 41 | - | €1,689 | +€1,689 | |
| Cash at bank and in hand | 54/58 | €25,996 | €23,216 | -€2,779 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,191 | €1,909 | +€718 | +60.3% |
| Total equity and liabilities | 10/49 | €39,070 | €29,321 | -€9,749 | -25.0% |
| Equity | 10/15 | €20,787 | €23,385 | +€2,599 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,587 | €17,185 | +€2,599 | +17.8% |
| Distributable reserves | 133 | €14,587 | €17,185 | +€2,599 | +17.8% |
| Amounts payable | 17/49 | €18,283 | €5,935 | -€12,348 | -67.5% |
| Amounts payable after more than one year | 17 | €1,022 | - | -€1,022 | |
| Financial debts | 170/4 | €1,022 | - | -€1,022 | |
| Amounts payable within one year | 42/48 | €15,761 | €4,735 | -€11,026 | -70.0% |
| Current portion of amounts payable after more than one year | 42 | €6,098 | €1,022 | -€5,076 | -83.2% |
| Trade debts | 44 | €4,035 | €88 | -€3,947 | -97.8% |
| Suppliers | 440/4 | €4,035 | €88 | -€3,947 | -97.8% |
| Taxes, remuneration and social security | 45 | €5,628 | €3,626 | -€2,003 | -35.6% |
| Taxes | 450/3 | €3,869 | €3,626 | -€244 | -6.3% |
| Remuneration and social security | 454/9 | €1,759 | - | -€1,759 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,200 | -€300 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,839 | €9,839 | = | 0.0% |
| Other operating charges | 640/8 | €697 | €774 | +€77 | +11.0% |
| Gross operating margin | 9900 | €19,746 | €15,476 | -€4,269 | -21.6% |
| Operating profit (loss) | 9901 | €9,210 | €4,863 | -€4,346 | -47.2% |
| Financial income | 75/76B | - | €154 | +€154 | |
| Recurring financial income | 75 | - | €154 | +€154 | |
| Financial charges | 65/66B | €205 | €139 | -€66 | -32.3% |
| Recurring financial charges | 65 | €205 | €139 | -€66 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €9,005 | €4,879 | -€4,126 | -45.8% |
| Income taxes | 67/77 | €3,099 | €2,280 | -€819 | -26.4% |
| Profit (loss) for the period | 9904 | €5,906 | €2,599 | -€3,307 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,906 | €2,599 | -€3,307 | -56.0% |
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 7 October 2026 via checked.be.