IMMO MATTHIJS: 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.
IMMO MATTHIJS
Largest movements
- Tangible fixed assets -€62,712
down €62,712 (-2.9%), from €2.1m to €2.1m
- Receivables within one year -€58,075
down €58,075 (-9.7%), from €599,019 to €540,944
- Cash -€50,151
down €50,151 (-69.6%), from €72,054 to €21,903
mainly Net result for the year (-€153,691) and Other debts (-€13,452)
- Profit (loss) carried forward -€153,691
down €153,691 (-142.8%), from -€107,599 to -€261,290
- Taxes +€121,825
new in 2025: €121,825
- Financial charges +€20,094
up €20,094 (+2521.2%), from €797 to €20,891
- Financial income -€2,961
down €2,961 (-15.6%), from €18,975 to €16,014
- Gross operating margin -€1,795
down €1,795 (-3.9%), from €45,862 to €44,067
- Depreciation -€1,187
down €1,187 (-1.9%), from €63,899 to €62,712
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 | €2,809,365 | €2,637,362 | -€172,003 | -6.1% |
| Fixed assets | 21/28 | €2,136,184 | €2,073,471 | -€62,712 | -2.9% |
| Tangible fixed assets | 22/27 | €2,136,184 | €2,073,471 | -€62,712 | -2.9% |
| Land and buildings | 22 | €2,136,184 | €2,073,471 | -€62,712 | -2.9% |
| Current assets | 29/58 | €673,182 | €563,891 | -€109,290 | -16.2% |
| Amounts receivable within one year | 40/41 | €599,019 | €540,944 | -€58,075 | -9.7% |
| Other amounts receivable | 41 | €599,019 | €540,944 | -€58,075 | -9.7% |
| Cash at bank and in hand | 54/58 | €72,054 | €21,903 | -€50,151 | -69.6% |
| Deferred charges and accrued income | 490/1 | €2,109 | €1,044 | -€1,064 | -50.5% |
| Total equity and liabilities | 10/49 | €2,809,365 | €2,637,362 | -€172,003 | -6.1% |
| Equity | 10/15 | €1,091,085 | €937,393 | -€153,691 | -14.1% |
| Contributions | 10/11 | €532,971 | €532,971 | = | 0.0% |
| Capital | 10 | €532,971 | €532,971 | = | 0.0% |
| Issued capital | 100 | €532,971 | €532,971 | = | 0.0% |
| Reserves | 13 | €665,712 | €665,712 | = | 0.0% |
| Tax-exempt reserves | 132 | €665,712 | €665,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,599 | -€261,290 | -€153,691 | -142.8% |
| Provisions and deferred taxes | 16 | €342,944 | €342,944 | = | 0.0% |
| Deferred taxes | 168 | €342,944 | €342,944 | = | 0.0% |
| Amounts payable | 17/49 | €1,375,337 | €1,357,025 | -€18,312 | -1.3% |
| Amounts payable within one year | 42/48 | €1,375,337 | €1,357,025 | -€18,312 | -1.3% |
| Trade debts | 44 | €2,558 | €2,193 | -€365 | -14.3% |
| Suppliers | 440/4 | €2,558 | €2,193 | -€365 | -14.3% |
| Advances received on contracts in progress | 46 | €4,495 | - | -€4,495 | |
| Other amounts payable | 47/48 | €1,368,285 | €1,354,833 | -€13,452 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,899 | €62,712 | -€1,187 | -1.9% |
| Other operating charges | 640/8 | €9,455 | €8,343 | -€1,112 | -11.8% |
| Gross operating margin | 9900 | €45,862 | €44,067 | -€1,795 | -3.9% |
| Operating profit (loss) | 9901 | -€27,492 | -€26,988 | +€504 | +1.8% |
| Financial income | 75/76B | €18,975 | €16,014 | -€2,961 | -15.6% |
| Recurring financial income | 75 | €18,975 | €16,014 | -€2,961 | -15.6% |
| Financial charges | 65/66B | €797 | €20,891 | +€20,094 | +2521.2% |
| Recurring financial charges | 65 | €797 | €20,891 | +€20,094 | +2521.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,315 | -€31,866 | -€22,551 | -242.1% |
| Transfer from deferred taxes | 780 | €10,405 | - | -€10,405 | |
| Income taxes | 67/77 | - | €121,825 | +€121,825 | |
| Profit (loss) for the period | 9904 | €1,090 | -€153,691 | -€154,781 | |
| Transfer from tax-exempt reserves | 789 | €20,206 | - | -€20,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,296 | -€153,691 | -€174,987 |
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 6 October 2026 via checked.be.