MATCHWORKS: 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.
MATCHWORKS
Largest movements
- Tangible fixed assets +€68,089
up €68,089 (+215.8%), from €31,552 to €99,641
of which Furniture and vehicles: +€62,959
- Receivables within one year -€57,500
down €57,500 (-87.3%), from €65,896 to €8,396
of which Trade receivables: -€61,860
- Cash +€35,279
up €35,279 (+50.9%), from €69,279 to €104,558
mainly Net result for the year (+€58,895) and Receivables within one year (+€57,500)
- Deferred charges and accrued income +€9,318
up €9,318 (+168.5%), from €5,529 to €14,848
- Debts after one year +€48,469
new in 2025: €48,469
- Trade debts -€26,342
down €26,342 (-80.3%), from €32,796 to €6,454
- Profit (loss) carried forward +€20,000
up €20,000 (+100.0%), from €20,000 to €40,000
- Current portion of long-term debt +€14,601
new in 2025: €14,601
- Tax, wage and social debts -€8,953
no longer reported in 2025 (was €8,953)
- Gross operating margin +€18,684
up €18,684 (+21.5%), from €87,078 to €105,761
- Depreciation +€18,650
up €18,650 (+556.8%), from €3,349 to €21,999
- Financial charges +€3,356
up €3,356 (+152.8%), from €2,196 to €5,551
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 | €172,255 | €227,442 | +€55,187 | +32.0% |
| Fixed assets | 21/28 | €31,552 | €99,641 | +€68,089 | +215.8% |
| Tangible fixed assets | 22/27 | €31,552 | €99,641 | +€68,089 | +215.8% |
| Plant, machinery and equipment | 23 | €7,373 | €12,504 | +€5,130 | +69.6% |
| Furniture and vehicles | 24 | €24,178 | €87,137 | +€62,959 | +260.4% |
| Current assets | 29/58 | €140,704 | €127,802 | -€12,902 | -9.2% |
| Amounts receivable within one year | 40/41 | €65,896 | €8,396 | -€57,500 | -87.3% |
| Trade receivables | 40 | €65,226 | €3,367 | -€61,860 | -94.8% |
| Other amounts receivable | 41 | €669 | €5,029 | +€4,360 | +651.5% |
| Cash at bank and in hand | 54/58 | €69,279 | €104,558 | +€35,279 | +50.9% |
| Deferred charges and accrued income | 490/1 | €5,529 | €14,848 | +€9,318 | +168.5% |
| Total equity and liabilities | 10/49 | €172,255 | €227,442 | +€55,187 | +32.0% |
| Equity | 10/15 | €25,000 | €45,000 | +€20,000 | +80.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,000 | €40,000 | +€20,000 | +100.0% |
| Amounts payable | 17/49 | €147,255 | €182,442 | +€35,187 | +23.9% |
| Amounts payable after more than one year | 17 | - | €48,469 | +€48,469 | |
| Financial debts | 170/4 | - | €48,469 | +€48,469 | |
| Amounts payable within one year | 42/48 | €147,255 | €133,508 | -€13,747 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,601 | +€14,601 | |
| Trade debts | 44 | €32,796 | €6,454 | -€26,342 | -80.3% |
| Suppliers | 440/4 | €32,796 | €6,454 | -€26,342 | -80.3% |
| Taxes, remuneration and social security | 45 | €8,953 | - | -€8,953 | |
| Taxes | 450/3 | €8,953 | - | -€8,953 | |
| Other amounts payable | 47/48 | €105,506 | €112,453 | +€6,948 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €466 | +€466 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,349 | €21,999 | +€18,650 | +556.8% |
| Other operating charges | 640/8 | €834 | €997 | +€164 | +19.6% |
| Gross operating margin | 9900 | €87,078 | €105,761 | +€18,684 | +21.5% |
| Operating profit (loss) | 9901 | €82,894 | €82,765 | -€130 | -0.2% |
| Financial income | 75/76B | €4 | €0 | -€3 | -90.8% |
| Recurring financial income | 75 | €4 | €0 | -€3 | -90.8% |
| Financial charges | 65/66B | €2,196 | €5,551 | +€3,356 | +152.8% |
| Recurring financial charges | 65 | €2,196 | €5,551 | +€3,356 | +152.8% |
| Profit (loss) for the period before taxes | 9903 | €80,702 | €77,214 | -€3,489 | -4.3% |
| Income taxes | 67/77 | €17,631 | €18,319 | +€688 | +3.9% |
| Profit (loss) for the period | 9904 | €63,072 | €58,895 | -€4,177 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,072 | €58,895 | -€4,177 | -6.6% |
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 11 October 2026 via checked.be.