DOKTER V. MATTHYSEN: 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.
DOKTER V. MATTHYSEN
Largest movements
- Receivables within one year +€227,667
up €227,667 (+34.9%), from €652,064 to €879,731
- Deferred charges and accrued income -€52,093
down €52,093 (-35.9%), from €145,201 to €93,108
- Cash -€50,933
down €50,933 (-96.2%), from €52,954 to €2,021
mainly Receivables within one year (-€227,667) and Tax, wage and social debts (-€18,442)
- Reserves +€149,679
up €149,679 (+5.6%), from €2.7m to €2.8m
- Gross operating margin -€519,035
down €519,035 (-77.4%), from €670,493 to €151,458
- Taxes -€112,283
down €112,283 (-62.9%), from €178,604 to €66,321
- Financial income +€18,253
up €18,253 (+27.7%), from €65,782 to €84,034
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 | €2,862,211 | €2,975,257 | +€113,046 | +3.9% |
| Fixed assets | 21/28 | €51,993 | €40,398 | -€11,595 | -22.3% |
| Tangible fixed assets | 22/27 | €51,993 | €40,398 | -€11,595 | -22.3% |
| Plant, machinery and equipment | 23 | €5,362 | €4,265 | -€1,097 | -20.5% |
| Furniture and vehicles | 24 | €1,559 | €1,249 | -€310 | -19.9% |
| Leasing and similar rights | 25 | €42,396 | €32,208 | -€10,188 | -24.0% |
| Other tangible fixed assets | 26 | €2,675 | €2,675 | = | 0.0% |
| Current assets | 29/58 | €2,810,219 | €2,934,860 | +€124,641 | +4.4% |
| Amounts receivable after more than one year | 29 | €1,960,000 | €1,960,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,960,000 | €1,960,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €652,064 | €879,731 | +€227,667 | +34.9% |
| Other amounts receivable | 41 | €652,064 | €879,731 | +€227,667 | +34.9% |
| Cash at bank and in hand | 54/58 | €52,954 | €2,021 | -€50,933 | -96.2% |
| Deferred charges and accrued income | 490/1 | €145,201 | €93,108 | -€52,093 | -35.9% |
| Total equity and liabilities | 10/49 | €2,862,211 | €2,975,257 | +€113,046 | +3.9% |
| Equity | 10/15 | €2,690,599 | €2,840,278 | +€149,679 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,678,199 | €2,827,878 | +€149,679 | +5.6% |
| Distributable reserves | 133 | €2,678,199 | €2,827,878 | +€149,679 | +5.6% |
| Amounts payable | 17/49 | €171,613 | €134,979 | -€36,634 | -21.3% |
| Amounts payable after more than one year | 17 | €33,844 | €24,232 | -€9,612 | -28.4% |
| Financial debts | 170/4 | €33,844 | €24,232 | -€9,612 | -28.4% |
| Amounts payable within one year | 42/48 | €137,769 | €110,747 | -€27,022 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €36,357 | €31,957 | -€4,401 | -12.1% |
| Trade debts | 44 | €8,437 | €4,258 | -€4,180 | -49.5% |
| Suppliers | 440/4 | €8,437 | €4,258 | -€4,180 | -49.5% |
| Taxes, remuneration and social security | 45 | €92,974 | €74,533 | -€18,442 | -19.8% |
| Taxes | 450/3 | €92,974 | €74,533 | -€18,442 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,887 | €11,595 | +€1,709 | +17.3% |
| Other operating charges | 640/8 | €5,458 | €2,757 | -€2,701 | -49.5% |
| Gross operating margin | 9900 | €670,493 | €151,458 | -€519,035 | -77.4% |
| Operating profit (loss) | 9901 | €655,148 | €137,106 | -€518,042 | -79.1% |
| Financial income | 75/76B | €65,782 | €84,034 | +€18,253 | +27.7% |
| Recurring financial income | 75 | €65,782 | €84,034 | +€18,253 | +27.7% |
| Financial charges | 65/66B | €10,138 | €5,140 | -€4,997 | -49.3% |
| Recurring financial charges | 65 | €10,138 | €5,140 | -€4,997 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €710,792 | €216,000 | -€494,792 | -69.6% |
| Income taxes | 67/77 | €178,604 | €66,321 | -€112,283 | -62.9% |
| Profit (loss) for the period | 9904 | €532,188 | €149,679 | -€382,509 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €532,188 | €149,679 | -€382,509 | -71.9% |
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 27 October 2026 via checked.be.