M. Matthessen: what changed
M. Matthessen
Largest movements
- Cash +€18,570
up €18,570 (+1,032%), from €1,799 to €20,368
mainly Net result for the year (+€23,686) and Stocks and contracts (+€6,733)
- Stocks and contracts -€6,733
down €6,733 (-6.2%), from €108,109 to €101,376
of which Stocks: -€6,349
- Tangible fixed assets -€2,360
down €2,360 (-20.7%), from €11,387 to €9,027
of which Leasing and similar rights: -€3,106
- Receivables within one year -€1,483
down €1,483 (-18.1%), from €8,202 to €6,718
of which Trade receivables: -€1,931
- Profit (loss) carried forward +€23,686
up €23,686, from -€7,593 to €16,094
- Other debts -€7,823
down €7,823 (-33.6%), from €23,255 to €15,432
- Trade debts -€4,166
down €4,166 (-18.0%), from €23,168 to €19,001
- Debts after one year -€3,122
down €3,122 (-33.8%), from €9,228 to €6,106
- Gross operating margin +€15,035
up €15,035 (+112%), from €13,381 to €28,416
- Financial charges -€1,600
down €1,600 (-65.3%), from €2,450 to €850
- Other operating charges -€557
down €557 (-42.9%), from €1,300 to €743
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,884 | €141,597 | +€8,713 | +6.6% |
| Fixed assets | 21/28 | €13,346 | €10,986 | -€2,360 | -17.7% |
| Tangible fixed assets | 22/27 | €11,387 | €9,027 | -€2,360 | -20.7% |
| Plant, machinery and equipment | 23 | - | €745 | +€745 | |
| Leasing and similar rights | 25 | €11,387 | €8,282 | -€3,106 | -27.3% |
| Financial fixed assets | 28 | €1,958 | €1,958 | = | 0.0% |
| Current assets | 29/58 | €119,538 | €130,611 | +€11,073 | +9.3% |
| Stocks and contracts in progress | 3 | €108,109 | €101,376 | -€6,733 | -6.2% |
| Stocks | 30/36 | €93,450 | €87,101 | -€6,349 | -6.8% |
| Contracts in progress | 37 | €14,659 | €14,275 | -€384 | -2.6% |
| Amounts receivable within one year | 40/41 | €8,202 | €6,718 | -€1,483 | -18.1% |
| Trade receivables | 40 | €7,883 | €5,952 | -€1,931 | -24.5% |
| Other amounts receivable | 41 | €319 | €767 | +€448 | +140% |
| Cash at bank and in hand | 54/58 | €1,799 | €20,368 | +€18,570 | +1,032% |
| Deferred charges and accrued income | 490/1 | €1,429 | €2,148 | +€720 | +50.4% |
| Total equity and liabilities | 10/49 | €132,884 | €141,597 | +€8,713 | +6.6% |
| Equity | 10/15 | €74,212 | €97,898 | +€23,686 | +31.9% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,593 | €16,094 | +€23,686 | |
| Amounts payable | 17/49 | €58,672 | €43,699 | -€14,974 | -25.5% |
| Amounts payable after more than one year | 17 | €9,228 | €6,106 | -€3,122 | -33.8% |
| Financial debts | 170/4 | €9,228 | €6,106 | -€3,122 | -33.8% |
| Amounts payable within one year | 42/48 | €49,444 | €37,593 | -€11,851 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €2,985 | €3,123 | +€138 | +4.6% |
| Trade debts | 44 | €23,168 | €19,001 | -€4,166 | -18.0% |
| Suppliers | 440/4 | €23,168 | €19,001 | -€4,166 | -18.0% |
| Taxes, remuneration and social security | 45 | €36 | €36 | = | 0.0% |
| Taxes | 450/3 | €36 | €36 | = | 0.0% |
| Other amounts payable | 47/48 | €23,255 | €15,432 | -€7,823 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,106 | €3,137 | +€31 | +1.0% |
| Other operating charges | 640/8 | €1,300 | €743 | -€557 | -42.9% |
| Gross operating margin | 9900 | €13,381 | €28,416 | +€15,035 | +112% |
| Operating profit (loss) | 9901 | €8,975 | €24,536 | +€15,561 | +173% |
| Financial charges | 65/66B | €2,450 | €850 | -€1,600 | -65.3% |
| Recurring financial charges | 65 | €2,450 | €850 | -€1,600 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €6,525 | €23,686 | +€17,161 | +263% |
| Profit (loss) for the period | 9904 | €6,525 | €23,686 | +€17,161 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €6,525 | €23,686 | +€17,161 | +263% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.