MATREE: what changed
MATREE
Largest movements
- Cash +€27,742
up €27,742 (+51.4%), from €53,927 to €81,669
mainly Net result for the year (+€38,616) and Other debts (+€34,218)
- Receivables within one year +€10,877
up €10,877 (+851%), from €1,278 to €12,154
of which Trade receivables: +€11,610
- Tangible fixed assets -€4,002
down €4,002 (-47.2%), from €8,480 to €4,478
- Current investments +€1,586
up €1,586 (+3.1%), from €50,392 to €51,978
- Other debts +€34,218
up €34,218 (+323%), from €10,578 to €44,796
- Tax, wage and social debts +€9,546
up €9,546 (+87.6%), from €10,897 to €20,443
of which Taxes: +€9,546
- Reserves -€8,607
down €8,607 (-10.7%), from €80,468 to €71,860
- Gross operating margin +€20,114
up €20,114 (+53.1%), from €37,915 to €58,030
- Taxes +€5,986
up €5,986 (+58.6%), from €10,211 to €16,197
- Financial income +€1,266
up €1,266 (+219%), from €579 to €1,845
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,764 | €151,499 | +€35,735 | +30.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,480 | €4,478 | -€4,002 | -47.2% |
| Tangible fixed assets | 22/27 | €8,480 | €4,478 | -€4,002 | -47.2% |
| Furniture and vehicles | 24 | €8,480 | €4,478 | -€4,002 | -47.2% |
| Current assets | 29/58 | €107,284 | €147,022 | +€39,738 | +37.0% |
| Amounts receivable within one year | 40/41 | €1,278 | €12,154 | +€10,877 | +851% |
| Trade receivables | 40 | €545 | €12,154 | +€11,610 | +2,132% |
| Other amounts receivable | 41 | €733 | €0 | -€733 | -100% |
| Current investments | 50/53 | €50,392 | €51,978 | +€1,586 | +3.1% |
| Cash at bank and in hand | 54/58 | €53,927 | €81,669 | +€27,742 | +51.4% |
| Deferred charges and accrued income | 490/1 | €1,687 | €1,220 | -€467 | -27.7% |
| Total equity and liabilities | 10/49 | €115,764 | €151,499 | +€35,735 | +30.9% |
| Equity | 10/15 | €94,115 | €85,508 | -€8,607 | -9.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,468 | €71,860 | -€8,607 | -10.7% |
| Distributable reserves | 133 | €80,468 | €71,860 | -€8,607 | -10.7% |
| Profit (loss) carried forward | 14 | €1,248 | €1,248 | = | 0.0% |
| Amounts payable | 17/49 | €21,648 | €65,991 | +€44,343 | +205% |
| Amounts payable within one year | 42/48 | €21,648 | €65,991 | +€44,343 | +205% |
| Trade debts | 44 | €173 | €752 | +€578 | +334% |
| Suppliers | 440/4 | €173 | €752 | +€578 | +334% |
| Taxes, remuneration and social security | 45 | €10,897 | €20,443 | +€9,546 | +87.6% |
| Taxes | 450/3 | €10,897 | €20,443 | +€9,546 | +87.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €10,578 | €44,796 | +€34,218 | +323% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,674 | €4,002 | +€328 | +8.9% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €37,915 | €58,030 | +€20,114 | +53.1% |
| Operating profit (loss) | 9901 | €33,343 | €53,099 | +€19,757 | +59.3% |
| Financial income | 75/76B | €579 | €1,845 | +€1,266 | +219% |
| Recurring financial income | 75 | €579 | €1,845 | +€1,266 | +219% |
| Financial charges | 65/66B | €155 | €131 | -€24 | -15.5% |
| Recurring financial charges | 65 | €155 | €131 | -€24 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €33,766 | €54,813 | +€21,047 | +62.3% |
| Income taxes | 67/77 | €10,211 | €16,197 | +€5,986 | +58.6% |
| Profit (loss) for the period | 9904 | €23,556 | €38,616 | +€15,060 | +63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,556 | €38,616 | +€15,060 | +63.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.