MATTH ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€71,155
up €71,155 (+185%), from €38,427 to €109,582
mainly Net result for the year (+€74,615) and Tax, wage and social debts (+€9,617)
- Receivables within one year +€15,337
up €15,337 (+12.6%), from €121,829 to €137,166
of which Trade receivables: +€12,587
- Reserves +€74,615
up €74,615 (+52.1%), from €143,186 to €217,801
of which Distributable reserves: +€74,615
- Tax, wage and social debts +€9,617
up €9,617 (+448%), from €2,145 to €11,762
- Taxes +€26,864
up €26,864 (+285%), from €9,419 to €36,283
- Gross operating margin +€9,143
up €9,143 (+8.9%), from €103,143 to €112,286
- Other operating charges -€1,506
down €1,506 (-71.8%), from €2,098 to €592
- Financial charges -€1,160
down €1,160 (-86.8%), from €1,337 to €177
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 | €164,671 | €249,949 | +€85,278 | +51.8% |
| Fixed assets | 21/28 | €1,523 | €905 | -€618 | -40.6% |
| Tangible fixed assets | 22/27 | €1,523 | €905 | -€618 | -40.6% |
| Furniture and vehicles | 24 | €1,523 | €905 | -€618 | -40.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €163,148 | €249,045 | +€85,897 | +52.6% |
| Amounts receivable within one year | 40/41 | €121,829 | €137,166 | +€15,337 | +12.6% |
| Trade receivables | 40 | €10,802 | €23,389 | +€12,587 | +117% |
| Other amounts receivable | 41 | €111,027 | €113,777 | +€2,750 | +2.5% |
| Cash at bank and in hand | 54/58 | €38,427 | €109,582 | +€71,155 | +185% |
| Deferred charges and accrued income | 490/1 | €2,891 | €2,296 | -€595 | -20.6% |
| Total equity and liabilities | 10/49 | €164,671 | €249,949 | +€85,278 | +51.8% |
| Equity | 10/15 | €161,736 | €236,351 | +€74,615 | +46.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €143,186 | €217,801 | +€74,615 | +52.1% |
| Tax-exempt reserves | 132 | €316 | €316 | -€0 | 0.0% |
| Distributable reserves | 133 | €142,870 | €217,485 | +€74,615 | +52.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,935 | €13,599 | +€10,664 | +363% |
| Amounts payable within one year | 42/48 | €2,604 | €13,599 | +€10,995 | +422% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €459 | €1,836 | +€1,377 | +300% |
| Suppliers | 440/4 | €459 | €1,836 | +€1,377 | +300% |
| Taxes, remuneration and social security | 45 | €2,145 | €11,762 | +€9,617 | +448% |
| Taxes | 450/3 | €2,145 | €11,762 | +€9,617 | +448% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €331 | €0 | -€331 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,016 | €618 | -€398 | -39.1% |
| Other operating charges | 640/8 | €2,098 | €592 | -€1,506 | -71.8% |
| Gross operating margin | 9900 | €103,143 | €112,286 | +€9,143 | +8.9% |
| Operating profit (loss) | 9901 | €100,029 | €111,075 | +€11,046 | +11.0% |
| Financial charges | 65/66B | €1,337 | €177 | -€1,160 | -86.8% |
| Recurring financial charges | 65 | €1,337 | €177 | -€1,160 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €98,692 | €110,898 | +€12,206 | +12.4% |
| Income taxes | 67/77 | €9,419 | €36,283 | +€26,864 | +285% |
| Profit (loss) for the period | 9904 | €89,273 | €74,615 | -€14,658 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,273 | €74,615 | -€14,658 | -16.4% |
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 15 October 2026 via checked.be.