Architect Patrick Matthys: what changed
Two fiscal 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.
Architect Patrick Matthys
Largest movements
- Cash +€31,111
up €31,111 (+104.1%), from €29,878 to €60,989
mainly Receivables within one year (+€27,920) and Other debts (+€15,615)
- Receivables within one year -€27,920
down €27,920 (-80.6%), from €34,657 to €6,738
of which Other amounts receivable: -€15,760
- Tangible fixed assets -€14,105
down €14,105 (-40.6%), from €34,710 to €20,605
of which Furniture and vehicles: -€12,584
- Profit (loss) carried forward -€18,544
down €18,544 (-105.0%), from -€17,657 to -€36,201
- Other debts +€15,615
up €15,615 (+42.6%), from €36,673 to €52,288
- Current portion of long-term debt -€7,040
no longer reported in 2025 (was €7,040)
- Trade debts -€6,855
down €6,855 (-98.7%), from €6,946 to €92
- Depreciation -€15,619
down €15,619 (-52.5%), from €29,724 to €14,105
- Gross operating margin -€13,895
down €13,895 (-22.9%), from €60,578 to €46,682
- Financial income -€10,365
down €10,365 (-83.8%), from €12,372 to €2,007
- Staff costs +€1,860
up €1,860 (+3.9%), from €47,413 to €49,272
- Taxes -€698
down €698 (-40.0%), from €1,745 to €1,046
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.
Cash bridge derived
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 | €515,417 | €502,432 | -€12,985 | -2.5% |
| Fixed assets | 21/28 | €34,710 | €20,605 | -€14,105 | -40.6% |
| Tangible fixed assets | 22/27 | €34,710 | €20,605 | -€14,105 | -40.6% |
| Furniture and vehicles | 24 | €15,786 | €3,202 | -€12,584 | -79.7% |
| Other tangible fixed assets | 26 | €18,925 | €17,404 | -€1,521 | -8.0% |
| Current assets | 29/58 | €480,707 | €481,827 | +€1,120 | +0.2% |
| Amounts receivable within one year | 40/41 | €34,657 | €6,738 | -€27,920 | -80.6% |
| Trade receivables | 40 | €17,443 | €5,284 | -€12,159 | -69.7% |
| Other amounts receivable | 41 | €17,214 | €1,454 | -€15,760 | -91.6% |
| Current investments | 50/53 | €409,998 | €409,998 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,878 | €60,989 | +€31,111 | +104.1% |
| Deferred charges and accrued income | 490/1 | €6,174 | €4,102 | -€2,072 | -33.6% |
| Total equity and liabilities | 10/49 | €515,417 | €502,432 | -€12,985 | -2.5% |
| Equity | 10/15 | €450,177 | €431,633 | -€18,544 | -4.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €457,835 | €457,835 | = | 0.0% |
| Distributable reserves | 133 | €457,835 | €457,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,657 | -€36,201 | -€18,544 | -105.0% |
| Amounts payable | 17/49 | €65,240 | €70,799 | +€5,559 | +8.5% |
| Amounts payable within one year | 42/48 | €61,550 | €66,087 | +€4,537 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €7,040 | - | -€7,040 | |
| Trade debts | 44 | €6,946 | €92 | -€6,855 | -98.7% |
| Suppliers | 440/4 | €6,946 | €92 | -€6,855 | -98.7% |
| Taxes, remuneration and social security | 45 | €10,891 | €13,707 | +€2,817 | +25.9% |
| Taxes | 450/3 | €4,380 | €3,602 | -€778 | -17.8% |
| Remuneration and social security | 454/9 | €6,511 | €10,105 | +€3,595 | +55.2% |
| Other amounts payable | 47/48 | €36,673 | €52,288 | +€15,615 | +42.6% |
| Accrued charges and deferred income | 492/3 | €3,690 | €4,712 | +€1,022 | +27.7% |
| Remuneration, social security and pensions | 62 | €47,413 | €49,272 | +€1,860 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,724 | €14,105 | -€15,619 | -52.5% |
| Other operating charges | 640/8 | €1,868 | €2,131 | +€264 | +14.1% |
| Gross operating margin | 9900 | €60,578 | €46,682 | -€13,895 | -22.9% |
| Operating profit (loss) | 9901 | -€18,427 | -€18,826 | -€399 | -2.2% |
| Financial income | 75/76B | €12,372 | €2,007 | -€10,365 | -83.8% |
| Recurring financial income | 75 | €12,372 | €2,007 | -€10,365 | -83.8% |
| Financial charges | 65/66B | €1,101 | €678 | -€423 | -38.4% |
| Recurring financial charges | 65 | €1,101 | €678 | -€423 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,156 | -€17,498 | -€10,342 | -144.5% |
| Income taxes | 67/77 | €1,745 | €1,046 | -€698 | -40.0% |
| Profit (loss) for the period | 9904 | -€8,901 | -€18,544 | -€9,643 | -108.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,901 | -€18,544 | -€9,643 | -108.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.