Dr. Jan Matheï: 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.
Dr. Jan Matheï
Largest movements
- Cash -€16,864
down €16,864 (-19.8%), from €85,106 to €68,243
mainly Contributions, distributions and other (-€213,000) and Debts after one year (-€38,509)
- Tangible fixed assets -€7,361
down €7,361 (-2.9%), from €250,756 to €243,395
of which Land and buildings: -€13,315
- Debts after one year -€38,509
down €38,509 (-53.9%), from €71,510 to €33,001
- Profit (loss) carried forward +€25,867
up €25,867 (+6.2%), from €415,741 to €441,608
- Other debts -€14,814
down €14,814 (-38.8%), from €38,144 to €23,330
- Tax, wage and social debts +€9,251
up €9,251 (+28.9%), from €31,972 to €41,223
- Current portion of long-term debt -€9,065
down €9,065 (-19.1%), from €47,573 to €38,508
- Depreciation -€52,485
down €52,485 (-61.0%), from €86,002 to €33,517
- Gross operating margin +€34,969
up €34,969 (+11.2%), from €313,551 to €348,520
- Taxes +€22,350
up €22,350 (+39.8%), from €56,199 to €78,549
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,156 | €690,445 | -€23,710 | -3.3% |
| Fixed assets | 21/28 | €250,756 | €243,395 | -€7,361 | -2.9% |
| Tangible fixed assets | 22/27 | €250,756 | €243,395 | -€7,361 | -2.9% |
| Land and buildings | 22 | €169,556 | €156,241 | -€13,315 | -7.9% |
| Plant, machinery and equipment | 23 | €17,634 | €14,266 | -€3,368 | -19.1% |
| Furniture and vehicles | 24 | €31,395 | €42,903 | +€11,507 | +36.7% |
| Leasing and similar rights | 25 | €3,790 | €1,018 | -€2,772 | -73.1% |
| Other tangible fixed assets | 26 | €28,381 | €28,967 | +€587 | +2.1% |
| Current assets | 29/58 | €463,400 | €447,051 | -€16,349 | -3.5% |
| Amounts receivable within one year | 40/41 | €378,096 | €378,610 | +€515 | +0.1% |
| Trade receivables | 40 | €4,295 | €3,324 | -€971 | -22.6% |
| Other amounts receivable | 41 | €373,801 | €375,287 | +€1,486 | +0.4% |
| Cash at bank and in hand | 54/58 | €85,106 | €68,243 | -€16,864 | -19.8% |
| Deferred charges and accrued income | 490/1 | €198 | €198 | -€0 | -0.1% |
| Total equity and liabilities | 10/49 | €714,156 | €690,445 | -€23,710 | -3.3% |
| Equity | 10/15 | €515,439 | €541,306 | +€25,867 | +5.0% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Reserves | 13 | €31,498 | €31,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,440 | €0 | -€7,440 | -100% |
| Reserves not available under the articles | 1311 | €7,440 | €0 | -€7,440 | -100% |
| Tax-exempt reserves | 132 | €24,058 | €24,058 | = | 0.0% |
| Distributable reserves | 133 | - | €7,440 | +€7,440 | |
| Profit (loss) carried forward | 14 | €415,741 | €441,608 | +€25,867 | +6.2% |
| Amounts payable | 17/49 | €198,717 | €149,139 | -€49,577 | -24.9% |
| Amounts payable after more than one year | 17 | €71,510 | €33,001 | -€38,509 | -53.9% |
| Financial debts | 170/4 | €71,510 | €33,001 | -€38,509 | -53.9% |
| Amounts payable within one year | 42/48 | €126,087 | €115,012 | -€11,075 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €47,573 | €38,508 | -€9,065 | -19.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,398 | €11,951 | +€3,553 | +42.3% |
| Suppliers | 440/4 | €8,398 | €11,951 | +€3,553 | +42.3% |
| Taxes, remuneration and social security | 45 | €31,972 | €41,223 | +€9,251 | +28.9% |
| Taxes | 450/3 | €31,972 | €41,223 | +€9,251 | +28.9% |
| Other amounts payable | 47/48 | €38,144 | €23,330 | -€14,814 | -38.8% |
| Accrued charges and deferred income | 492/3 | €1,120 | €1,127 | +€7 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,002 | €33,517 | -€52,485 | -61.0% |
| Other operating charges | 640/8 | €2,963 | €3,089 | +€127 | +4.3% |
| Gross operating margin | 9900 | €313,551 | €348,520 | +€34,969 | +11.2% |
| Operating profit (loss) | 9901 | €224,587 | €311,914 | +€87,327 | +38.9% |
| Financial income | 75/76B | €9,106 | €9,229 | +€123 | +1.4% |
| Recurring financial income | 75 | €9,106 | €9,229 | +€123 | +1.4% |
| Financial charges | 65/66B | €4,563 | €3,727 | -€836 | -18.3% |
| Recurring financial charges | 65 | €4,563 | €3,727 | -€836 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €229,129 | €317,416 | +€88,287 | +38.5% |
| Income taxes | 67/77 | €56,199 | €78,549 | +€22,350 | +39.8% |
| Profit (loss) for the period | 9904 | €172,930 | €238,867 | +€65,937 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €172,930 | €238,867 | +€65,937 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.