Mattheeuws Kurt: what changed
What changed
Mattheeuws Kurt
NACE 33.120, Repair and maintenance of machinery
filed annual accounts (NBB)
Net result for the year
€82,003
2024 · €60,025+€21,977
Equity
€373,568
2024 · €360,052+€13,517
Cash
€11,863
2024 · €84,725-€72,862
Balance sheet total
€1.3m
2024 · €3.6m-€2.3m
Largest movements
Assets
- Receivables within one year -€2.3m
down €2.3m (-95.6%), from €2.4m to €104,538
of which Trade receivables: -€2.3m
- Cash -€72,862
down €72,862 (-86.0%), from €84,725 to €11,863
mainly Trade debts (-€2.3m) and Investment in fixed assets (net) (-€92,127)
Equity and liabilities
- Trade debts -€2.3m
down €2.3m (-99.5%), from €2.3m to €11,731
- Advances received -€86,490
no longer reported in 2025 (was €86,490)
- Profit (loss) carried forward +€82,003
up €82,003, from -€9,918 to €72,085
- Reserves -€68,486
down €68,486 (-19.2%), from €357,569 to €289,083
of which Distributable reserves: -€68,486
- Other debts +€56,015
up €56,015 (+53.3%), from €105,088 to €161,103
Income statement
- Taxes +€118,581
up €118,581, from -€50,000 to €68,581
- Depreciation -€78,658
down €78,658 (-52.0%), from €151,194 to €72,536
- Gross operating margin +€57,098
up €57,098 (+29.3%), from €194,850 to €251,947
- Other operating charges -€24,385
down €24,385 (-88.6%), from €27,524 to €3,139
- Financial charges +€20,626
up €20,626 (+407%), from €5,064 to €25,689
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€60,025
Gross operating margin
+€57,098
Staff costs
+€89
Depreciation
+€78,658
Other operating charges
+€24,385
Other operating items
+€955
Financial income
-€0
Financial charges
-€20,626
Taxes
-€118,581
Result 2025
€82,003
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€119,085
Investment
-€92,127
Financing
-€99,821
Cash 2024
€84,725
From operations (derived)
+€119,085
Net result for the year
+€82,003
Depreciation
+€72,536
Receivables within one year
+€2.3m
Deferred charges and accrued income
+€21
Trade debts
-€2.3m
Tax, wage and social debts
+€16,966
Advances received
-€86,490
Other debts
+€56,015
Investment (derived)
-€92,127
Investment in fixed assets (net)
-€92,127
Financing
-€99,821
Debts after one year
-€43,124
Current portion of long-term debt
+€11,790
Contributions, distributions and other
-€68,486
Cash 2025
€11,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,645,858 | €1,314,920 | -€2.3m | -63.9% |
| Fixed assets | 21/28 | €1,168,330 | €1,187,921 | +€19,591 | +1.7% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -66.7% |
| Tangible fixed assets | 22/27 | €1,043,330 | €1,062,921 | +€19,591 | +1.9% |
| Land and buildings | 22 | €858,320 | €848,363 | -€9,957 | -1.2% |
| Plant, machinery and equipment | 23 | €80,361 | €86,890 | +€6,530 | +8.1% |
| Furniture and vehicles | 24 | €104,649 | €74,080 | -€30,569 | -29.2% |
| Other tangible fixed assets | 26 | - | €53,587 | +€53,587 | |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €2,477,528 | €126,999 | -€2.4m | -94.9% |
| Amounts receivable within one year | 40/41 | €2,382,184 | €104,538 | -€2.3m | -95.6% |
| Trade receivables | 40 | €2,302,073 | €32,263 | -€2.3m | -98.6% |
| Other amounts receivable | 41 | €80,111 | €72,275 | -€7,836 | -9.8% |
| Cash at bank and in hand | 54/58 | €84,725 | €11,863 | -€72,862 | -86.0% |
| Deferred charges and accrued income | 490/1 | €10,619 | €10,598 | -€21 | -0.2% |
| Total equity and liabilities | 10/49 | €3,645,858 | €1,314,920 | -€2.3m | -63.9% |
| Equity | 10/15 | €360,052 | €373,568 | +€13,517 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €357,569 | €289,083 | -€68,486 | -19.2% |
| Non-distributable reserves | 130/1 | €1,850 | €1,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,850 | €1,850 | = | 0.0% |
| Distributable reserves | 133 | €355,719 | €287,233 | -€68,486 | -19.3% |
| Profit (loss) carried forward | 14 | -€9,918 | €72,085 | +€82,003 | |
| Amounts payable | 17/49 | €3,285,807 | €941,352 | -€2.3m | -71.4% |
| Amounts payable after more than one year | 17 | €712,606 | €669,482 | -€43,124 | -6.1% |
| Financial debts | 170/4 | €712,606 | €669,482 | -€43,124 | -6.1% |
| Amounts payable within one year | 42/48 | €2,573,201 | €271,870 | -€2.3m | -89.4% |
| Current portion of amounts payable after more than one year | 42 | €62,391 | €74,180 | +€11,790 | +18.9% |
| Trade debts | 44 | €2,311,344 | €11,731 | -€2.3m | -99.5% |
| Suppliers | 440/4 | €2,311,344 | €11,731 | -€2.3m | -99.5% |
| Advances received on contracts in progress | 46 | €86,490 | - | -€86,490 | |
| Taxes, remuneration and social security | 45 | €7,889 | €24,855 | +€16,966 | +215% |
| Taxes | 450/3 | €7,889 | €24,855 | +€16,966 | +215% |
| Other amounts payable | 47/48 | €105,088 | €161,103 | +€56,015 | +53.3% |
| Non-recurring operating income | 76A | €15,853 | - | -€15,853 | |
| Remuneration, social security and pensions | 62 | €89 | - | -€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,194 | €72,536 | -€78,658 | -52.0% |
| Other operating charges | 640/8 | €27,524 | €3,139 | -€24,385 | -88.6% |
| Non-recurring operating charges | 66A | €955 | - | -€955 | |
| Gross operating margin | 9900 | €194,850 | €251,947 | +€57,098 | +29.3% |
| Operating profit (loss) | 9901 | €15,089 | €176,273 | +€161,184 | +1,068% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,064 | €25,689 | +€20,626 | +407% |
| Recurring financial charges | 65 | €5,064 | €25,689 | +€20,626 | +407% |
| Profit (loss) for the period before taxes | 9903 | €10,025 | €150,583 | +€140,558 | +1,402% |
| Income taxes | 67/77 | -€50,000 | €68,581 | +€118,581 | |
| Profit (loss) for the period | 9904 | €60,025 | €82,003 | +€21,977 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,025 | €82,003 | +€21,977 | +36.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.