MATTH: 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.
MATTH
Largest movements
- Cash +€12,800
up €12,800 (+363%), from €3,529 to €16,329
mainly Net result for the year (+€31,466) and Tax, wage and social debts (+€2,250)
- Receivables within one year +€7,685
up €7,685 (+56.3%), from €13,647 to €21,332
of which Other amounts receivable: +€5,589
- Tangible fixed assets +€4,046
up €4,046 (+46.6%), from €8,691 to €12,737
of which Furniture and vehicles: +€4,724
- Reserves +€23,966
up €23,966 (+169%), from €14,158 to €38,124
- Tax, wage and social debts +€2,250
new in 2025: €2,250
- Other debts -€1,451
down €1,451 (-98.0%), from €1,480 to €29
- Gross operating margin +€22,782
up €22,782 (+113%), from €20,215 to €42,997
- Taxes +€4,411
up €4,411 (+96.3%), from €4,583 to €8,994
- Depreciation +€1,005
up €1,005 (+87.9%), from €1,143 to €2,148
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 | €26,163 | €50,736 | +€24,574 | +93.9% |
| Fixed assets | 21/28 | €8,691 | €12,737 | +€4,046 | +46.6% |
| Tangible fixed assets | 22/27 | €8,691 | €12,737 | +€4,046 | +46.6% |
| Plant, machinery and equipment | 23 | €8,691 | €8,012 | -€679 | -7.8% |
| Furniture and vehicles | 24 | - | €4,724 | +€4,724 | |
| Current assets | 29/58 | €17,472 | €38,000 | +€20,528 | +117% |
| Amounts receivable within one year | 40/41 | €13,647 | €21,332 | +€7,685 | +56.3% |
| Trade receivables | 40 | €8,230 | €10,326 | +€2,096 | +25.5% |
| Other amounts receivable | 41 | €5,417 | €11,006 | +€5,589 | +103% |
| Cash at bank and in hand | 54/58 | €3,529 | €16,329 | +€12,800 | +363% |
| Deferred charges and accrued income | 490/1 | €296 | €338 | +€42 | +14.3% |
| Total equity and liabilities | 10/49 | €26,163 | €50,736 | +€24,574 | +93.9% |
| Equity | 10/15 | €16,158 | €40,124 | +€23,966 | +148% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,158 | €38,124 | +€23,966 | +169% |
| Distributable reserves | 133 | €14,158 | €38,124 | +€23,966 | +169% |
| Amounts payable | 17/49 | €10,005 | €10,612 | +€608 | +6.1% |
| Amounts payable within one year | 42/48 | €10,005 | €10,612 | +€608 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €8,333 | €8,333 | = | 0.0% |
| Trade debts | 44 | €192 | - | -€192 | |
| Suppliers | 440/4 | €192 | - | -€192 | |
| Taxes, remuneration and social security | 45 | - | €2,250 | +€2,250 | |
| Taxes | 450/3 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €1,480 | €29 | -€1,451 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €2,148 | +€1,005 | +87.9% |
| Other operating charges | 640/8 | €271 | €259 | -€12 | -4.4% |
| Gross operating margin | 9900 | €20,215 | €42,997 | +€22,782 | +113% |
| Operating profit (loss) | 9901 | €18,801 | €40,589 | +€21,788 | +116% |
| Financial income | 75/76B | €31 | €139 | +€108 | +353% |
| Recurring financial income | 75 | €31 | €139 | +€108 | +353% |
| Financial charges | 65/66B | €90 | €268 | +€178 | +197% |
| Recurring financial charges | 65 | €90 | €268 | +€178 | +197% |
| Profit (loss) for the period before taxes | 9903 | €18,741 | €40,460 | +€21,719 | +116% |
| Income taxes | 67/77 | €4,583 | €8,994 | +€4,411 | +96.3% |
| Profit (loss) for the period | 9904 | €14,158 | €31,466 | +€17,307 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €14,158 | €31,466 | +€17,307 | +122% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.