Jelle Matheus: what changed
Jelle Matheus
Largest movements
- Cash +€4,738
up €4,738 (+14.1%), from €33,598 to €38,336
mainly Net result for the year (+€12,589) and Depreciation (+€2,871)
- Receivables within one year -€1,280
no longer reported in 2025 (was €1,280)
- Tangible fixed assets -€1,061
down €1,061 (-12.7%), from €8,360 to €7,299
of which Furniture and vehicles: -€1,327
- Reserves +€12,589
up €12,589 (+93.9%), from €13,401 to €25,990
- Other debts -€8,614
down €8,614 (-37.3%), from €23,111 to €14,497
- Accrued charges and deferred income -€2,147
no longer reported in 2025 (was €2,147)
- Depreciation +€517
up €517 (+21.9%), from €2,354 to €2,871
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,090 | €47,024 | +€1,934 | +4.3% |
| Fixed assets | 21/28 | €10,212 | €8,688 | -€1,524 | -14.9% |
| Intangible fixed assets | 21 | €1,852 | €1,389 | -€463 | -25.0% |
| Tangible fixed assets | 22/27 | €8,360 | €7,299 | -€1,061 | -12.7% |
| Plant, machinery and equipment | 23 | €2,829 | €3,095 | +€266 | +9.4% |
| Furniture and vehicles | 24 | €5,531 | €4,204 | -€1,327 | -24.0% |
| Current assets | 29/58 | €34,878 | €38,336 | +€3,458 | +9.9% |
| Amounts receivable within one year | 40/41 | €1,280 | - | -€1,280 | |
| Trade receivables | 40 | €1,280 | - | -€1,280 | |
| Cash at bank and in hand | 54/58 | €33,598 | €38,336 | +€4,738 | +14.1% |
| Total equity and liabilities | 10/49 | €45,090 | €47,024 | +€1,934 | +4.3% |
| Equity | 10/15 | €16,401 | €28,990 | +€12,589 | +76.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,401 | €25,990 | +€12,589 | +93.9% |
| Distributable reserves | 133 | €13,401 | €25,990 | +€12,589 | +93.9% |
| Amounts payable | 17/49 | €28,689 | €18,034 | -€10,655 | -37.1% |
| Amounts payable within one year | 42/48 | €26,541 | €18,034 | -€8,508 | -32.1% |
| Trade debts | 44 | - | €76 | +€76 | |
| Suppliers | 440/4 | - | €76 | +€76 | |
| Taxes, remuneration and social security | 45 | €3,430 | €3,461 | +€31 | +0.9% |
| Taxes | 450/3 | €3,430 | €3,461 | +€31 | +0.9% |
| Other amounts payable | 47/48 | €23,111 | €14,497 | -€8,614 | -37.3% |
| Accrued charges and deferred income | 492/3 | €2,147 | - | -€2,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,354 | €2,871 | +€517 | +21.9% |
| Other operating charges | 640/8 | €274 | €346 | +€72 | +26.3% |
| Gross operating margin | 9900 | €19,527 | €19,425 | -€102 | -0.5% |
| Operating profit (loss) | 9901 | €16,899 | €16,208 | -€690 | -4.1% |
| Financial income | 75/76B | €23 | - | -€23 | |
| Recurring financial income | 75 | €23 | - | -€23 | |
| Financial charges | 65/66B | €90 | €159 | +€69 | +76.1% |
| Recurring financial charges | 65 | €90 | €159 | +€69 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €16,832 | €16,050 | -€782 | -4.6% |
| Income taxes | 67/77 | €3,430 | €3,461 | +€31 | +0.9% |
| Profit (loss) for the period | 9904 | €13,401 | €12,589 | -€812 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,401 | €12,589 | -€812 | -6.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.