MEMATT: 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.
MEMATT
Largest movements
- Receivables after one year +€130,000
new in 2025: €130,000
- Tangible fixed assets -€41,866
down €41,866 (-7.9%), from €528,991 to €487,124
of which Land and buildings: -€21,461
- Receivables within one year -€25,115
down €25,115 (-51.0%), from €49,272 to €24,157
of which Other amounts receivable: -€34,609
- Reserves +€44,118
up €44,118 (+2,372%), from €1,860 to €45,978
of which Distributable reserves: +€44,118
- Debts after one year -€29,344
down €29,344 (-11.0%), from €267,453 to €238,109
- Trade debts +€29,172
up €29,172 (+34.5%), from €84,632 to €113,804
- Tax, wage and social debts +€11,262
up €11,262 (+121%), from €9,292 to €20,554
of which Taxes: +€10,996
- Taxes +€4,917
up €4,917 (+39.3%), from €12,508 to €17,425
- Financial income +€3,818
up €3,818 (+287%), from €1,329 to €5,147
- Gross operating margin -€3,192
down €3,192 (-1.7%), from €186,844 to €183,652
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 | €590,254 | €650,765 | +€60,511 | +10.3% |
| Fixed assets | 21/28 | €528,991 | €487,124 | -€41,866 | -7.9% |
| Tangible fixed assets | 22/27 | €528,991 | €487,124 | -€41,866 | -7.9% |
| Land and buildings | 22 | €427,809 | €406,348 | -€21,461 | -5.0% |
| Plant, machinery and equipment | 23 | €93,159 | €76,069 | -€17,091 | -18.3% |
| Furniture and vehicles | 24 | €8,023 | €4,708 | -€3,315 | -41.3% |
| Current assets | 29/58 | €61,263 | €163,640 | +€102,377 | +167% |
| Amounts receivable after more than one year | 29 | - | €130,000 | +€130,000 | |
| Other amounts receivable | 291 | - | €130,000 | +€130,000 | |
| Stocks and contracts in progress | 3 | €8,200 | €6,780 | -€1,420 | -17.3% |
| Stocks | 30/36 | €8,200 | €6,780 | -€1,420 | -17.3% |
| Amounts receivable within one year | 40/41 | €49,272 | €24,157 | -€25,115 | -51.0% |
| Trade receivables | 40 | €119 | €9,613 | +€9,494 | +7,993% |
| Other amounts receivable | 41 | €49,153 | €14,544 | -€34,609 | -70.4% |
| Cash at bank and in hand | 54/58 | €3,735 | €1,711 | -€2,024 | -54.2% |
| Deferred charges and accrued income | 490/1 | €55 | €992 | +€937 | +1,703% |
| Total equity and liabilities | 10/49 | €590,254 | €650,765 | +€60,511 | +10.3% |
| Equity | 10/15 | €153,610 | €197,727 | +€44,118 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €45,978 | +€44,118 | +2,372% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €44,118 | +€44,118 | |
| Profit (loss) carried forward | 14 | €133,150 | €133,150 | = | 0.0% |
| Amounts payable | 17/49 | €436,644 | €453,037 | +€16,393 | +3.8% |
| Amounts payable after more than one year | 17 | €267,453 | €238,109 | -€29,344 | -11.0% |
| Financial debts | 170/4 | €267,453 | €238,109 | -€29,344 | -11.0% |
| Amounts payable within one year | 42/48 | €169,191 | €214,928 | +€45,738 | +27.0% |
| Current portion of amounts payable after more than one year | 42 | €54,255 | €59,385 | +€5,130 | +9.5% |
| Trade debts | 44 | €84,632 | €113,804 | +€29,172 | +34.5% |
| Suppliers | 440/4 | €84,632 | €113,804 | +€29,172 | +34.5% |
| Taxes, remuneration and social security | 45 | €9,292 | €20,554 | +€11,262 | +121% |
| Taxes | 450/3 | €5,602 | €16,598 | +€10,996 | +196% |
| Remuneration and social security | 454/9 | €3,690 | €3,956 | +€266 | +7.2% |
| Other amounts payable | 47/48 | €21,011 | €21,185 | +€174 | +0.8% |
| Remuneration, social security and pensions | 62 | €71,482 | €72,267 | +€786 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,032 | €41,863 | -€169 | -0.4% |
| Other operating charges | 640/8 | €2,013 | €1,098 | -€915 | -45.5% |
| Gross operating margin | 9900 | €186,844 | €183,652 | -€3,192 | -1.7% |
| Operating profit (loss) | 9901 | €71,317 | €68,424 | -€2,893 | -4.1% |
| Financial income | 75/76B | €1,329 | €5,147 | +€3,818 | +287% |
| Recurring financial income | 75 | €1,329 | €5,147 | +€3,818 | +287% |
| Financial charges | 65/66B | €13,330 | €12,029 | -€1,301 | -9.8% |
| Recurring financial charges | 65 | €13,330 | €12,029 | -€1,301 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €59,317 | €61,542 | +€2,226 | +3.8% |
| Income taxes | 67/77 | €12,508 | €17,425 | +€4,917 | +39.3% |
| Profit (loss) for the period | 9904 | €46,809 | €44,118 | -€2,691 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,809 | €44,118 | -€2,691 | -5.7% |
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 21 October 2026 via checked.be.