NANCY MATIS: 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.
NANCY MATIS
Largest movements
- Cash +€31,206
up €31,206 (+80.1%), from €38,969 to €70,176
mainly Net result for the year (+€92,080) and Deferred charges and accrued income (+€6,030)
- Current investments +€28,144
up €28,144 (+19.2%), from €146,515 to €174,660
- Deferred charges and accrued income -€6,030
down €6,030 (-71.1%), from €8,480 to €2,450
- Reserves +€91,000
up €91,000 (+82.7%), from €110,000 to €201,000
- Accrued charges and deferred income -€22,801
down €22,801 (-17.4%), from €130,926 to €108,125
- Trade debts -€11,787
down €11,787 (-9.7%), from €122,012 to €110,225
- Gross operating margin +€49,663
up €49,663 (+49.1%), from €101,196 to €150,859
- Financial charges +€16,612
up €16,612 (+363%), from €4,578 to €21,190
- Taxes +€15,771
up €15,771 (+65.3%), from €24,146 to €39,917
- Financial income -€8,087
down €8,087 (-52.1%), from €15,537 to €7,450
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 | €468,586 | €526,938 | +€58,352 | +12.5% |
| Fixed assets | 21/28 | €14,019 | €16,222 | +€2,203 | +15.7% |
| Tangible fixed assets | 22/27 | €14,019 | €16,222 | +€2,203 | +15.7% |
| Land and buildings | 22 | €4,080 | €6,254 | +€2,173 | +53.3% |
| Furniture and vehicles | 24 | €9,084 | €9,639 | +€555 | +6.1% |
| Other tangible fixed assets | 26 | €855 | €330 | -€525 | -61.4% |
| Current assets | 29/58 | €454,567 | €510,716 | +€56,149 | +12.4% |
| Stocks and contracts in progress | 3 | €2,738 | €1,621 | -€1,117 | -40.8% |
| Stocks | 30/36 | €2,738 | €1,621 | -€1,117 | -40.8% |
| Amounts receivable within one year | 40/41 | €257,864 | €261,810 | +€3,946 | +1.5% |
| Trade receivables | 40 | €203,980 | €232,864 | +€28,884 | +14.2% |
| Other amounts receivable | 41 | €53,884 | €28,945 | -€24,938 | -46.3% |
| Current investments | 50/53 | €146,515 | €174,660 | +€28,144 | +19.2% |
| Cash at bank and in hand | 54/58 | €38,969 | €70,176 | +€31,206 | +80.1% |
| Deferred charges and accrued income | 490/1 | €8,480 | €2,450 | -€6,030 | -71.1% |
| Total equity and liabilities | 10/49 | €468,586 | €526,938 | +€58,352 | +12.5% |
| Equity | 10/15 | €207,760 | €299,840 | +€92,080 | +44.3% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €110,000 | €201,000 | +€91,000 | +82.7% |
| Distributable reserves | 133 | €110,000 | €201,000 | +€91,000 | +82.7% |
| Profit (loss) carried forward | 14 | €77,355 | €78,435 | +€1,080 | +1.4% |
| Amounts payable | 17/49 | €260,826 | €227,098 | -€33,728 | -12.9% |
| Amounts payable within one year | 42/48 | €129,900 | €118,973 | -€10,927 | -8.4% |
| Financial debts | 43 | €3,213 | - | -€3,213 | |
| Credit institutions | 430/8 | €3,213 | - | -€3,213 | |
| Trade debts | 44 | €122,012 | €110,225 | -€11,787 | -9.7% |
| Suppliers | 440/4 | €122,012 | €110,225 | -€11,787 | -9.7% |
| Taxes, remuneration and social security | 45 | €3,203 | €6,822 | +€3,619 | +113% |
| Taxes | 450/3 | - | €381 | +€381 | |
| Remuneration and social security | 454/9 | €3,203 | €6,442 | +€3,238 | +101% |
| Other amounts payable | 47/48 | €1,472 | €1,927 | +€455 | +30.9% |
| Accrued charges and deferred income | 492/3 | €130,926 | €108,125 | -€22,801 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,318 | €3,889 | +€571 | +17.2% |
| Other operating charges | 640/8 | €1,133 | €1,234 | +€101 | +8.9% |
| Gross operating margin | 9900 | €101,196 | €150,859 | +€49,663 | +49.1% |
| Operating profit (loss) | 9901 | €96,746 | €145,737 | +€48,991 | +50.6% |
| Financial income | 75/76B | €15,537 | €7,450 | -€8,087 | -52.1% |
| Recurring financial income | 75 | €15,537 | €7,450 | -€8,087 | -52.1% |
| Financial charges | 65/66B | €4,578 | €21,190 | +€16,612 | +363% |
| Recurring financial charges | 65 | €4,578 | €21,190 | +€16,612 | +363% |
| Profit (loss) for the period before taxes | 9903 | €107,705 | €131,997 | +€24,292 | +22.6% |
| Income taxes | 67/77 | €24,146 | €39,917 | +€15,771 | +65.3% |
| Profit (loss) for the period | 9904 | €83,559 | €92,080 | +€8,520 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,559 | €92,080 | +€8,520 | +10.2% |
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 26 October 2026 via checked.be.