IJZERHANDEL P. MATHIJS: 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.
IJZERHANDEL P. MATHIJS
Largest movements
- Stocks and contracts +€46,685
up €46,685 (+33.6%), from €138,785 to €185,471
- Tangible fixed assets -€11,452
down €11,452 (-4.1%), from €280,750 to €269,298
of which Land and buildings: -€6,148
- Cash +€6,083
up €6,083 (+22.0%), from €27,588 to €33,671
mainly Trade debts (+€40,899) and Net result for the year (+€16,754)
- Trade debts +€40,899
up €40,899 (+35.2%), from €116,354 to €157,253
- Profit (loss) carried forward +€16,754
up €16,754 (+77.0%), from €21,757 to €38,511
- Current portion of long-term debt -€6,883
down €6,883 (-58.7%), from €11,732 to €4,848
- Gross operating margin +€25,721
up €25,721 (+204%), from €12,581 to €38,301
- Taxes +€3,168
new in 2025: €3,168
- Financial charges -€2,042
down €2,042 (-33.5%), from €6,105 to €4,063
- Depreciation -€847
down €847 (-6.9%), from €12,299 to €11,452
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 | €515,427 | €561,790 | +€46,363 | +9.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €280,750 | €269,298 | -€11,452 | -4.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €280,750 | €269,298 | -€11,452 | -4.1% |
| Land and buildings | 22 | €238,681 | €232,533 | -€6,148 | -2.6% |
| Plant, machinery and equipment | 23 | €7,153 | €4,473 | -€2,680 | -37.5% |
| Furniture and vehicles | 24 | €32,916 | €32,292 | -€624 | -1.9% |
| Other tangible fixed assets | 26 | €2,000 | €0 | -€2,000 | -100% |
| Current assets | 29/58 | €234,677 | €292,492 | +€57,815 | +24.6% |
| Stocks and contracts in progress | 3 | €138,785 | €185,471 | +€46,685 | +33.6% |
| Stocks | 30/36 | €138,785 | €185,471 | +€46,685 | +33.6% |
| Amounts receivable within one year | 40/41 | €67,716 | €72,245 | +€4,530 | +6.7% |
| Trade receivables | 40 | €59,594 | €59,123 | -€471 | -0.8% |
| Other amounts receivable | 41 | €8,122 | €13,122 | +€5,000 | +61.6% |
| Cash at bank and in hand | 54/58 | €27,588 | €33,671 | +€6,083 | +22.0% |
| Deferred charges and accrued income | 490/1 | €588 | €1,105 | +€517 | +87.9% |
| Total equity and liabilities | 10/49 | €515,427 | €561,790 | +€46,363 | +9.0% |
| Equity | 10/15 | €319,925 | €336,679 | +€16,754 | +5.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Revaluation surpluses | 12 | €198,641 | €198,641 | = | 0.0% |
| Reserves | 13 | €79,076 | €79,076 | = | 0.0% |
| Distributable reserves | 133 | €79,076 | €79,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,757 | €38,511 | +€16,754 | +77.0% |
| Amounts payable | 17/49 | €195,502 | €225,110 | +€29,609 | +15.1% |
| Amounts payable after more than one year | 17 | €23,199 | €18,351 | -€4,848 | -20.9% |
| Financial debts | 170/4 | €23,199 | €18,351 | -€4,848 | -20.9% |
| Amounts payable within one year | 42/48 | €172,303 | €206,760 | +€34,457 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €11,732 | €4,848 | -€6,883 | -58.7% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €116,354 | €157,253 | +€40,899 | +35.2% |
| Suppliers | 440/4 | €116,354 | €157,253 | +€40,899 | +35.2% |
| Advances received on contracts in progress | 46 | €1,646 | €146 | -€1,500 | -91.1% |
| Taxes, remuneration and social security | 45 | €1,135 | €3,168 | +€2,033 | +179% |
| Taxes | 450/3 | €1,135 | €3,168 | +€2,033 | +179% |
| Other amounts payable | 47/48 | €1,435 | €1,344 | -€91 | -6.4% |
| Remuneration, social security and pensions | 62 | €489 | €209 | -€280 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,299 | €11,452 | -€847 | -6.9% |
| Other operating charges | 640/8 | €2,563 | €2,675 | +€112 | +4.4% |
| Gross operating margin | 9900 | €12,581 | €38,301 | +€25,721 | +204% |
| Operating profit (loss) | 9901 | -€2,770 | €23,966 | +€26,735 | |
| Financial income | 75/76B | €312 | €19 | -€293 | -93.9% |
| Recurring financial income | 75 | €312 | €19 | -€293 | -93.9% |
| Financial charges | 65/66B | €6,105 | €4,063 | -€2,042 | -33.5% |
| Recurring financial charges | 65 | €6,105 | €4,063 | -€2,042 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,563 | €19,922 | +€28,485 | |
| Income taxes | 67/77 | - | €3,168 | +€3,168 | |
| Profit (loss) for the period | 9904 | -€8,563 | €16,754 | +€25,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,563 | €16,754 | +€25,317 |
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 31 October 2026 via checked.be.