JEROME MATTHIEU: 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.
JEROME MATTHIEU
Largest movements
- Receivables within one year +€3,626
up €3,626 (+49.9%), from €7,270 to €10,896
- Cash -€925
down €925 (-7.2%), from €12,841 to €11,916
mainly Receivables within one year (-€3,626) and Trade debts (-€1,246)
- Deferred charges and accrued income -€431
no longer reported in 2025 (was €431)
- Profit (loss) carried forward +€3,710
up €3,710 (+40.6%), from €9,131 to €12,841
- Trade debts -€1,246
down €1,246 (-39.5%), from €3,155 to €1,909
- Gross operating margin +€9,736
up €9,736, from -€5,080 to €4,656
- Taxes -€274
down €274 (-65.9%), from €415 to €141
- Financial income +€232
up €232 (+893.2%), from €26 to €258
- Depreciation -€92
no longer reported in 2025 (was €92)
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 | €20,682 | €22,951 | +€2,270 | +11.0% |
| Fixed assets | 21/28 | €140 | €139 | -€1 | -0.4% |
| Tangible fixed assets | 22/27 | €1 | - | -€1 | |
| Furniture and vehicles | 24 | €1 | - | -€1 | |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €20,542 | €22,812 | +€2,270 | +11.1% |
| Amounts receivable within one year | 40/41 | €7,270 | €10,896 | +€3,626 | +49.9% |
| Other amounts receivable | 41 | €7,270 | €10,896 | +€3,626 | +49.9% |
| Cash at bank and in hand | 54/58 | €12,841 | €11,916 | -€925 | -7.2% |
| Deferred charges and accrued income | 490/1 | €431 | - | -€431 | |
| Total equity and liabilities | 10/49 | €20,682 | €22,951 | +€2,270 | +11.0% |
| Equity | 10/15 | €17,191 | €20,901 | +€3,710 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,131 | €12,841 | +€3,710 | +40.6% |
| Amounts payable | 17/49 | €3,491 | €2,050 | -€1,440 | -41.3% |
| Amounts payable within one year | 42/48 | €3,491 | €2,050 | -€1,440 | -41.3% |
| Trade debts | 44 | €3,155 | €1,909 | -€1,246 | -39.5% |
| Suppliers | 440/4 | €3,155 | €1,909 | -€1,246 | -39.5% |
| Taxes, remuneration and social security | 45 | €335 | €141 | -€194 | -57.8% |
| Taxes | 450/3 | €335 | €141 | -€194 | -57.8% |
| Non-recurring operating income | 76A | €7,438 | €9,090 | +€1,652 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92 | - | -€92 | |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Non-recurring operating charges | 66A | €33,300 | - | -€33,300 | |
| Gross operating margin | 9900 | -€5,080 | €4,656 | +€9,736 | |
| Operating profit (loss) | 9901 | -€39,371 | €3,727 | +€43,098 | |
| Financial income | 75/76B | €26 | €258 | +€232 | +893.2% |
| Recurring financial income | 75 | €26 | €258 | +€232 | +893.2% |
| Financial charges | 65/66B | €145 | €134 | -€10 | -7.2% |
| Recurring financial charges | 65 | €145 | €134 | -€10 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€39,489 | €3,852 | +€43,341 | |
| Income taxes | 67/77 | €415 | €141 | -€274 | -65.9% |
| Profit (loss) for the period | 9904 | -€39,905 | €3,710 | +€43,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,905 | €3,710 | +€43,615 |
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 5 October 2026 via checked.be.