MatZ: 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.
MatZ
Largest movements
- Receivables after one year -€33,000
down €33,000 (-100%), from €33,000 to €0
of which Trade receivables: -€33,000
- Cash -€7,068
down €7,068 (-24.0%), from €29,504 to €22,437
mainly Investment in fixed assets (net) (-€46,843) and Debts after one year (-€36,630)
- Receivables within one year +€6,173
up €6,173 (+38.6%), from €16,011 to €22,184
of which Trade receivables: +€10,024
- Debts after one year -€36,630
down €36,630 (-8.4%), from €434,597 to €397,967
- Reserves -€25,055
down €25,055 (-26.2%), from €95,692 to €70,637
of which Distributable reserves: -€25,055
- Other debts +€11,717
up €11,717, from €0 to €11,717
- Tax, wage and social debts +€7,971
up €7,971 (+70.5%), from €11,300 to €19,271
of which Taxes: +€6,442
- Other operating charges +€5,643
up €5,643 (+167%), from €3,381 to €9,024
- Gross operating margin +€3,436
up €3,436 (+4.0%), from €85,742 to €89,178
- Depreciation +€2,157
up €2,157 (+4.9%), from €43,986 to €46,142
- Financial charges -€1,080
down €1,080 (-10.1%), from €10,662 to €9,582
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 | €587,467 | €554,345 | -€33,122 | -5.6% |
| Fixed assets | 21/28 | €507,954 | €508,654 | +€701 | +0.1% |
| Tangible fixed assets | 22/27 | €504,854 | €505,554 | +€701 | +0.1% |
| Land and buildings | 22 | €445,486 | €463,825 | +€18,339 | +4.1% |
| Furniture and vehicles | 24 | €59,367 | €41,729 | -€17,638 | -29.7% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €79,513 | €45,691 | -€33,822 | -42.5% |
| Amounts receivable after more than one year | 29 | €33,000 | €0 | -€33,000 | -100% |
| Trade receivables | 290 | €33,000 | - | -€33,000 | |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €375 | €420 | +€45 | +12.0% |
| Stocks | 30/36 | €375 | €420 | +€45 | +12.0% |
| Amounts receivable within one year | 40/41 | €16,011 | €22,184 | +€6,173 | +38.6% |
| Trade receivables | 40 | €9,801 | €19,825 | +€10,024 | +102% |
| Other amounts receivable | 41 | €6,210 | €2,359 | -€3,851 | -62.0% |
| Cash at bank and in hand | 54/58 | €29,504 | €22,437 | -€7,068 | -24.0% |
| Deferred charges and accrued income | 490/1 | €622 | €650 | +€28 | +4.4% |
| Total equity and liabilities | 10/49 | €587,467 | €554,345 | -€33,122 | -5.6% |
| Equity | 10/15 | €101,892 | €76,837 | -€25,055 | -24.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,692 | €70,637 | -€25,055 | -26.2% |
| Non-distributable reserves | 130/1 | €1,456 | €1,456 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,456 | €1,456 | = | 0.0% |
| Distributable reserves | 133 | €94,236 | €69,181 | -€25,055 | -26.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €485,575 | €477,508 | -€8,066 | -1.7% |
| Amounts payable after more than one year | 17 | €434,597 | €397,967 | -€36,630 | -8.4% |
| Financial debts | 170/4 | €434,597 | €397,967 | -€36,630 | -8.4% |
| Amounts payable within one year | 42/48 | €50,978 | €78,383 | +€27,405 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €37,038 | €39,507 | +€2,469 | +6.7% |
| Trade debts | 44 | €2,640 | €7,888 | +€5,248 | +199% |
| Suppliers | 440/4 | €2,640 | €7,888 | +€5,248 | +199% |
| Taxes, remuneration and social security | 45 | €11,300 | €19,271 | +€7,971 | +70.5% |
| Taxes | 450/3 | €4,345 | €10,787 | +€6,442 | +148% |
| Remuneration and social security | 454/9 | €6,955 | €8,484 | +€1,529 | +22.0% |
| Other amounts payable | 47/48 | €0 | €11,717 | +€11,717 | |
| Accrued charges and deferred income | 492/3 | - | €1,159 | +€1,159 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €18,476 | €19,186 | +€709 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,986 | €46,142 | +€2,157 | +4.9% |
| Other operating charges | 640/8 | €3,381 | €9,024 | +€5,643 | +167% |
| Gross operating margin | 9900 | €85,742 | €89,178 | +€3,436 | +4.0% |
| Operating profit (loss) | 9901 | €19,898 | €14,826 | -€5,072 | -25.5% |
| Financial income | 75/76B | €41 | €125 | +€85 | +209% |
| Recurring financial income | 75 | €41 | €125 | +€85 | +209% |
| Financial charges | 65/66B | €10,662 | €9,582 | -€1,080 | -10.1% |
| Recurring financial charges | 65 | €10,662 | €9,582 | -€1,080 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €9,277 | €5,370 | -€3,907 | -42.1% |
| Income taxes | 67/77 | €2,978 | €2,766 | -€212 | -7.1% |
| Profit (loss) for the period | 9904 | €6,299 | €2,604 | -€3,695 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,299 | €2,604 | -€3,695 | -58.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.