MATAM: 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.
MATAM
Largest movements
- Deferred charges and accrued income +€8,187
up €8,187 (+285%), from €2,871 to €11,057
- Receivables within one year +€5,874
up €5,874 (+21.3%), from €27,561 to €33,434
of which Other amounts receivable: +€10,495
- Tangible fixed assets +€1,285
new in 2025: €1,285
- Cash -€1,225
down €1,225 (-76.4%), from €1,603 to €378
mainly Deferred charges and accrued income (-€8,187) and Receivables within one year (-€5,874)
- Reserves +€12,477
up €12,477 (+71.0%), from €17,571 to €30,048
of which Distributable reserves: +€12,477
- Tax, wage and social debts +€1,293
up €1,293 (+23.4%), from €5,523 to €6,816
- Gross operating margin +€7,273
up €7,273 (+50.3%), from €14,444 to €21,717
- Other operating charges +€1,629
up €1,629 (+142%), from €1,146 to €2,775
- Taxes +€1,373
up €1,373 (+42.0%), from €3,267 to €4,640
- Financial charges +€663
up €663 (+35.0%), from €1,892 to €2,555
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 | €32,113 | €46,234 | +€14,120 | +44.0% |
| Fixed assets | 21/28 | €79 | €1,364 | +€1,285 | +1,626% |
| Tangible fixed assets | 22/27 | - | €1,285 | +€1,285 | |
| Other tangible fixed assets | 26 | - | €1,285 | +€1,285 | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €32,034 | €44,870 | +€12,836 | +40.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,561 | €33,434 | +€5,874 | +21.3% |
| Trade receivables | 40 | €5,068 | €446 | -€4,621 | -91.2% |
| Other amounts receivable | 41 | €22,493 | €32,988 | +€10,495 | +46.7% |
| Cash at bank and in hand | 54/58 | €1,603 | €378 | -€1,225 | -76.4% |
| Deferred charges and accrued income | 490/1 | €2,871 | €11,057 | +€8,187 | +285% |
| Total equity and liabilities | 10/49 | €32,113 | €46,234 | +€14,120 | +44.0% |
| Equity | 10/15 | €23,771 | €36,248 | +€12,477 | +52.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,571 | €30,048 | +€12,477 | +71.0% |
| 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 | €15,711 | €28,188 | +€12,477 | +79.4% |
| Profit (loss) carried forward | 14 | €0 | -€0 | -€0 | |
| Amounts payable | 17/49 | €8,342 | €9,986 | +€1,644 | +19.7% |
| Amounts payable within one year | 42/48 | €8,342 | €9,986 | +€1,644 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €681 | €681 | = | 0.0% |
| Financial debts | 43 | - | €417 | +€417 | |
| Credit institutions | 430/8 | - | €417 | +€417 | |
| Trade debts | 44 | €2,138 | €2,071 | -€66 | -3.1% |
| Suppliers | 440/4 | €2,138 | €2,071 | -€66 | -3.1% |
| Taxes, remuneration and social security | 45 | €5,523 | €6,816 | +€1,293 | +23.4% |
| Taxes | 450/3 | €5,523 | €6,816 | +€1,293 | +23.4% |
| Non-recurring operating income | 76A | - | €10,091 | +€10,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €213 | +€213 | |
| Other operating charges | 640/8 | €1,146 | €2,775 | +€1,629 | +142% |
| Non-recurring operating charges | 66A | €183 | €87 | -€96 | -52.3% |
| Gross operating margin | 9900 | €14,444 | €21,717 | +€7,273 | +50.3% |
| Operating profit (loss) | 9901 | €13,115 | €18,641 | +€5,526 | +42.1% |
| Financial income | 75/76B | €1,055 | €1,031 | -€25 | -2.3% |
| Recurring financial income | 75 | €1,055 | €1,031 | -€25 | -2.3% |
| Financial charges | 65/66B | €1,892 | €2,555 | +€663 | +35.0% |
| Recurring financial charges | 65 | €1,892 | €2,555 | +€663 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €12,279 | €17,116 | +€4,838 | +39.4% |
| Income taxes | 67/77 | €3,267 | €4,640 | +€1,373 | +42.0% |
| Profit (loss) for the period | 9904 | €9,012 | €12,477 | +€3,465 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,012 | €12,477 | +€3,465 | +38.5% |
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 13 October 2026 via checked.be.