LODE MATTHIJS: 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.
LODE MATTHIJS
Largest movements
- Cash +€39,638
up €39,638 (+19.5%), from €202,943 to €242,581
mainly Net result for the year (+€46,567) and Trade debts (+€3,746)
- Receivables within one year +€10,617
up €10,617 (+58.3%), from €18,217 to €28,834
of which Trade receivables: +€20,755
- Reserves +€46,567
up €46,567 (+23.3%), from €199,852 to €246,419
of which Distributable reserves: +€46,567
- Trade debts +€3,746
up €3,746 (+311%), from €1,207 to €4,953
- Gross operating margin -€1,104
down €1,104 (-1.5%), from €72,241 to €71,136
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 | €222,697 | €272,954 | +€50,257 | +22.6% |
| Fixed assets | 21/28 | €1,537 | €1,539 | +€2 | +0.1% |
| Tangible fixed assets | 22/27 | €1,477 | €1,479 | +€2 | +0.2% |
| Plant, machinery and equipment | 23 | €171 | €887 | +€716 | +419% |
| Furniture and vehicles | 24 | €1,306 | €592 | -€714 | -54.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €221,160 | €271,415 | +€50,255 | +22.7% |
| Amounts receivable within one year | 40/41 | €18,217 | €28,834 | +€10,617 | +58.3% |
| Trade receivables | 40 | €1,618 | €22,372 | +€20,755 | +1,283% |
| Other amounts receivable | 41 | €16,600 | €6,462 | -€10,138 | -61.1% |
| Cash at bank and in hand | 54/58 | €202,943 | €242,581 | +€39,638 | +19.5% |
| Total equity and liabilities | 10/49 | €222,697 | €272,954 | +€50,257 | +22.6% |
| Equity | 10/15 | €218,452 | €265,019 | +€46,567 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €199,852 | €246,419 | +€46,567 | +23.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €197,992 | €244,559 | +€46,567 | +23.5% |
| Profit (loss) carried forward | 14 | - | -€0 | -€0 | |
| Amounts payable | 17/49 | €4,245 | €7,935 | +€3,691 | +87.0% |
| Amounts payable within one year | 42/48 | €4,245 | €7,935 | +€3,691 | +87.0% |
| Trade debts | 44 | €1,207 | €4,953 | +€3,746 | +311% |
| Suppliers | 440/4 | €1,207 | €4,953 | +€3,746 | +311% |
| Taxes, remuneration and social security | 45 | €3,038 | €2,982 | -€56 | -1.8% |
| Taxes | 450/3 | €3,038 | €2,982 | -€56 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €856 | +€27 | +3.3% |
| Other operating charges | 640/8 | €687 | €706 | +€19 | +2.8% |
| Gross operating margin | 9900 | €72,241 | €71,136 | -€1,104 | -1.5% |
| Operating profit (loss) | 9901 | €70,724 | €69,574 | -€1,151 | -1.6% |
| Financial income | 75/76B | €986 | €404 | -€582 | -59.0% |
| Recurring financial income | 75 | €986 | €404 | -€582 | -59.0% |
| Financial charges | 65/66B | €861 | €994 | +€133 | +15.5% |
| Recurring financial charges | 65 | €861 | €994 | +€133 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €70,849 | €68,984 | -€1,865 | -2.6% |
| Income taxes | 67/77 | €22,918 | €22,417 | -€501 | -2.2% |
| Profit (loss) for the period | 9904 | €47,931 | €46,567 | -€1,364 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,931 | €46,567 | -€1,364 | -2.8% |
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 20 October 2026 via checked.be.