Mixed Matrix Material Innovations: 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.
Mixed Matrix Material Innovations
Largest movements
- Cash -€131,458
down €131,458 (-61.6%), from €213,368 to €81,910
mainly Net result for the year (-€50,970) and Other debts (-€49,302)
- Tangible fixed assets -€6,616
down €6,616 (-25.7%), from €25,697 to €19,081
of which Plant, machinery and equipment: -€5,608
- Receivables within one year -€2,931
down €2,931 (-44.5%), from €6,584 to €3,653
of which Other amounts receivable: -€4,021
- Profit (loss) carried forward -€80,970
down €80,970 (-65.4%), from €123,803 to €42,833
- Other debts -€49,302
down €49,302 (-99.1%), from €49,736 to €435
- Tax, wage and social debts -€8,230
down €8,230 (-93.3%), from €8,824 to €593
- Gross operating margin -€133,268
down €133,268, from €101,611 to -€31,656
- Depreciation +€12,625
up €12,625 (+248%), from €5,095 to €17,721
- Other operating charges -€1,605
down €1,605 (-66.2%), from €2,424 to €819
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 | €246,243 | €107,675 | -€138,567 | -56.3% |
| Fixed assets | 21/28 | €25,697 | €19,081 | -€6,616 | -25.7% |
| Tangible fixed assets | 22/27 | €25,697 | €19,081 | -€6,616 | -25.7% |
| Plant, machinery and equipment | 23 | €21,790 | €16,182 | -€5,608 | -25.7% |
| Furniture and vehicles | 24 | €3,907 | €2,899 | -€1,008 | -25.8% |
| Current assets | 29/58 | €220,546 | €88,594 | -€131,952 | -59.8% |
| Amounts receivable within one year | 40/41 | €6,584 | €3,653 | -€2,931 | -44.5% |
| Trade receivables | 40 | - | €1,090 | +€1,090 | |
| Other amounts receivable | 41 | €6,584 | €2,563 | -€4,021 | -61.1% |
| Cash at bank and in hand | 54/58 | €213,368 | €81,910 | -€131,458 | -61.6% |
| Deferred charges and accrued income | 490/1 | €593 | €3,031 | +€2,438 | +411% |
| Total equity and liabilities | 10/49 | €246,243 | €107,675 | -€138,567 | -56.3% |
| Equity | 10/15 | €187,617 | €106,647 | -€80,970 | -43.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,214 | €45,214 | = | 0.0% |
| Distributable reserves | 133 | €45,214 | €45,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,803 | €42,833 | -€80,970 | -65.4% |
| Amounts payable | 17/49 | €58,625 | €1,028 | -€57,597 | -98.2% |
| Amounts payable within one year | 42/48 | €58,625 | €1,028 | -€57,597 | -98.2% |
| Trade debts | 44 | €65 | - | -€65 | |
| Suppliers | 440/4 | €65 | - | -€65 | |
| Taxes, remuneration and social security | 45 | €8,824 | €593 | -€8,230 | -93.3% |
| Taxes | 450/3 | €8,824 | €593 | -€8,230 | -93.3% |
| Other amounts payable | 47/48 | €49,736 | €435 | -€49,302 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,095 | €17,721 | +€12,625 | +248% |
| Other operating charges | 640/8 | €2,424 | €819 | -€1,605 | -66.2% |
| Gross operating margin | 9900 | €101,611 | -€31,656 | -€133,268 | |
| Operating profit (loss) | 9901 | €94,092 | -€50,196 | -€144,288 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +45.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +45.7% |
| Financial charges | 65/66B | €222 | €182 | -€40 | -18.1% |
| Recurring financial charges | 65 | €222 | €182 | -€40 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €93,870 | -€50,377 | -€144,247 | |
| Income taxes | 67/77 | €499 | €593 | +€95 | +19.0% |
| Profit (loss) for the period | 9904 | €93,372 | -€50,970 | -€144,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,372 | -€50,970 | -€144,342 |
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 14 October 2026 via checked.be.