MAATWERKHUIS: 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.
MAATWERKHUIS
Largest movements
- Tangible fixed assets +€107,887
up €107,887 (+129%), from €83,575 to €191,462
of which Other tangible fixed assets: +€113,888
- Cash +€18,427
up €18,427 (+19.5%), from €94,479 to €112,906
mainly Trade debts (+€65,120) and Net result for the year (+€41,829)
- Stocks and contracts -€9,007
down €9,007 (-27.2%), from €33,078 to €24,071
- Receivables within one year +€4,664
up €4,664 (+3.6%), from €128,037 to €132,701
of which Other amounts receivable: +€44,251
- Trade debts +€65,120
up €65,120 (+116%), from €56,356 to €121,476
- Profit (loss) carried forward +€41,829
up €41,829 (+22.4%), from €186,750 to €228,580
- Other debts +€25,195
up €25,195 (+466%), from €5,402 to €30,598
- Debts after one year -€11,395
down €11,395 (-19.7%), from €57,720 to €46,325
- Gross operating margin -€26,384
down €26,384 (-16.4%), from €161,063 to €134,679
- Staff costs -€7,513
down €7,513 (-10.9%), from €68,790 to €61,277
- Taxes -€5,755
down €5,755 (-35.1%), from €16,382 to €10,626
- Depreciation -€2,959
down €2,959 (-13.7%), from €21,657 to €18,697
- Financial charges -€2,538
down €2,538 (-53.1%), from €4,783 to €2,245
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 | €347,527 | €465,513 | +€117,986 | +34.0% |
| Fixed assets | 21/28 | €87,141 | €193,982 | +€106,842 | +123% |
| Intangible fixed assets | 21 | €3,566 | €2,520 | -€1,045 | -29.3% |
| Tangible fixed assets | 22/27 | €83,575 | €191,462 | +€107,887 | +129% |
| Plant, machinery and equipment | 23 | €4,526 | €9,854 | +€5,327 | +118% |
| Furniture and vehicles | 24 | €1 | €0 | -€1 | -100% |
| Leasing and similar rights | 25 | €79,048 | €67,720 | -€11,328 | -14.3% |
| Other tangible fixed assets | 26 | - | €113,888 | +€113,888 | |
| Current assets | 29/58 | €260,386 | €271,530 | +€11,144 | +4.3% |
| Stocks and contracts in progress | 3 | €33,078 | €24,071 | -€9,007 | -27.2% |
| Stocks | 30/36 | €33,078 | €24,071 | -€9,007 | -27.2% |
| Amounts receivable within one year | 40/41 | €128,037 | €132,701 | +€4,664 | +3.6% |
| Trade receivables | 40 | €105,706 | €66,119 | -€39,587 | -37.4% |
| Other amounts receivable | 41 | €22,331 | €66,582 | +€44,251 | +198% |
| Cash at bank and in hand | 54/58 | €94,479 | €112,906 | +€18,427 | +19.5% |
| Deferred charges and accrued income | 490/1 | €4,792 | €1,853 | -€2,940 | -61.3% |
| Total equity and liabilities | 10/49 | €347,527 | €465,513 | +€117,986 | +34.0% |
| Equity | 10/15 | €199,150 | €240,980 | +€41,829 | +21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €186,750 | €228,580 | +€41,829 | +22.4% |
| Amounts payable | 17/49 | €148,376 | €224,533 | +€76,157 | +51.3% |
| Amounts payable after more than one year | 17 | €57,720 | €46,325 | -€11,395 | -19.7% |
| Financial debts | 170/4 | €57,720 | €46,325 | -€11,395 | -19.7% |
| Amounts payable within one year | 42/48 | €90,656 | €178,208 | +€87,551 | +96.6% |
| Current portion of amounts payable after more than one year | 42 | €11,224 | €11,395 | +€171 | +1.5% |
| Financial debts | 43 | €0 | €1,267 | +€1,267 | |
| Credit institutions | 430/8 | €0 | €1,267 | +€1,267 | |
| Trade debts | 44 | €56,356 | €121,476 | +€65,120 | +116% |
| Suppliers | 440/4 | €56,356 | €121,476 | +€65,120 | +116% |
| Taxes, remuneration and social security | 45 | €17,674 | €13,473 | -€4,202 | -23.8% |
| Taxes | 450/3 | €12,578 | €4,548 | -€8,030 | -63.8% |
| Remuneration and social security | 454/9 | €5,097 | €8,925 | +€3,828 | +75.1% |
| Other amounts payable | 47/48 | €5,402 | €30,598 | +€25,195 | +466% |
| Remuneration, social security and pensions | 62 | €68,790 | €61,277 | -€7,513 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,657 | €18,697 | -€2,959 | -13.7% |
| Other operating charges | 640/8 | €1,774 | €920 | -€854 | -48.1% |
| Gross operating margin | 9900 | €161,063 | €134,679 | -€26,384 | -16.4% |
| Operating profit (loss) | 9901 | €68,843 | €53,785 | -€15,058 | -21.9% |
| Financial income | 75/76B | €697 | €916 | +€218 | +31.3% |
| Recurring financial income | 75 | €697 | €916 | +€218 | +31.3% |
| Financial charges | 65/66B | €4,783 | €2,245 | -€2,538 | -53.1% |
| Recurring financial charges | 65 | €4,783 | €2,245 | -€2,538 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €64,757 | €52,455 | -€12,301 | -19.0% |
| Income taxes | 67/77 | €16,382 | €10,626 | -€5,755 | -35.1% |
| Profit (loss) for the period | 9904 | €48,375 | €41,829 | -€6,546 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,375 | €41,829 | -€6,546 | -13.5% |
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 1 November 2026 via checked.be.