Matwork: 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.
Matwork
Largest movements
- Cash +€36,463
up €36,463 (+43.6%), from €83,591 to €120,054
mainly Net result for the year (+€43,942) and Trade debts (+€2,556)
- Deferred charges and accrued income +€4,192
up €4,192 (+1365.8%), from €307 to €4,499
- Receivables within one year +€2,039
up €2,039 (+7.9%), from €25,856 to €27,895
- Tangible fixed assets +€1,683
up €1,683 (+35.4%), from €4,751 to €6,434
of which Plant, machinery and equipment: +€1,127
- Profit (loss) carried forward +€43,942
up €43,942 (+47.9%), from €91,727 to €135,668
- Tax, wage and social debts -€3,815
down €3,815 (-27.9%), from €13,667 to €9,851
- Trade debts +€2,556
up €2,556 (+127.0%), from €2,013 to €4,569
- Other debts +€1,695
up €1,695 (+80.8%), from €2,099 to €3,794
- Gross operating margin -€11,967
down €11,967 (-16.1%), from €74,217 to €62,250
- Depreciation +€1,196
up €1,196 (+187.8%), from €637 to €1,833
- Taxes -€1,091
down €1,091 (-7.4%), from €14,754 to €13,663
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 | €114,505 | €158,882 | +€44,377 | +38.8% |
| Fixed assets | 21/28 | €4,751 | €6,434 | +€1,683 | +35.4% |
| Tangible fixed assets | 22/27 | €4,751 | €6,434 | +€1,683 | +35.4% |
| Plant, machinery and equipment | 23 | - | €1,127 | +€1,127 | |
| Furniture and vehicles | 24 | €4,241 | €4,851 | +€610 | +14.4% |
| Other tangible fixed assets | 26 | €509 | €456 | -€54 | -10.5% |
| Current assets | 29/58 | €109,754 | €152,448 | +€42,694 | +38.9% |
| Amounts receivable within one year | 40/41 | €25,856 | €27,895 | +€2,039 | +7.9% |
| Trade receivables | 40 | €25,856 | €27,895 | +€2,039 | +7.9% |
| Cash at bank and in hand | 54/58 | €83,591 | €120,054 | +€36,463 | +43.6% |
| Deferred charges and accrued income | 490/1 | €307 | €4,499 | +€4,192 | +1365.8% |
| Total equity and liabilities | 10/49 | €114,505 | €158,882 | +€44,377 | +38.8% |
| Equity | 10/15 | €96,727 | €140,668 | +€43,942 | +45.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,727 | €135,668 | +€43,942 | +47.9% |
| Amounts payable | 17/49 | €17,778 | €18,214 | +€435 | +2.4% |
| Amounts payable within one year | 42/48 | €17,778 | €18,214 | +€435 | +2.4% |
| Trade debts | 44 | €2,013 | €4,569 | +€2,556 | +127.0% |
| Suppliers | 440/4 | €2,013 | €4,569 | +€2,556 | +127.0% |
| Taxes, remuneration and social security | 45 | €13,667 | €9,851 | -€3,815 | -27.9% |
| Taxes | 450/3 | €13,667 | €9,851 | -€3,815 | -27.9% |
| Other amounts payable | 47/48 | €2,099 | €3,794 | +€1,695 | +80.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €1,833 | +€1,196 | +187.8% |
| Gross operating margin | 9900 | €74,217 | €62,250 | -€11,967 | -16.1% |
| Operating profit (loss) | 9901 | €73,580 | €60,417 | -€13,163 | -17.9% |
| Financial charges | 65/66B | €2,705 | €2,812 | +€107 | +4.0% |
| Recurring financial charges | 65 | €2,705 | €2,812 | +€107 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €70,875 | €57,605 | -€13,270 | -18.7% |
| Income taxes | 67/77 | €14,754 | €13,663 | -€1,091 | -7.4% |
| Profit (loss) for the period | 9904 | €56,121 | €43,942 | -€12,179 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,121 | €43,942 | -€12,179 | -21.7% |
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 29 September 2026 via checked.be.