MATTHEO: what changed
Two fiscal 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.
MATTHEO
Largest movements
- Receivables within one year +€4,539
up €4,539 (+22.2%), from €20,491 to €25,030
of which Other amounts receivable: +€4,523
- Tangible fixed assets -€1,196
down €1,196 (-13.0%), from €9,237 to €8,041
of which Furniture and vehicles: -€706
- Trade debts +€3,506
up €3,506 (+550.4%), from €637 to €4,143
- Reserves -€545
down €545 (-8.9%), from €6,106 to €5,562
- Tax, wage and social debts +€483
new in 2025: €483
- Short-term financial debts -€434
down €434 (-10.4%), from €4,171 to €3,736
of which Other loans: -€4,171
- Gross operating margin -€5,049
down €5,049 (-67.7%), from €7,453 to €2,404
- Depreciation -€3,973
down €3,973 (-76.9%), from €5,170 to €1,196
- Staff costs +€534
new in 2025: €534
- Taxes +€483
new in 2025: €483
- Financial income -€295
down €295 (-20.7%), from €1,421 to €1,126
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 | €30,506 | €33,517 | +€3,011 | +9.9% |
| Fixed assets | 21/28 | €9,237 | €8,041 | -€1,196 | -13.0% |
| Tangible fixed assets | 22/27 | €9,237 | €8,041 | -€1,196 | -13.0% |
| Plant, machinery and equipment | 23 | €4,595 | €4,104 | -€491 | -10.7% |
| Furniture and vehicles | 24 | €4,643 | €3,937 | -€706 | -15.2% |
| Current assets | 29/58 | €21,269 | €25,476 | +€4,207 | +19.8% |
| Amounts receivable within one year | 40/41 | €20,491 | €25,030 | +€4,539 | +22.2% |
| Trade receivables | 40 | €1,726 | €1,742 | +€16 | +0.9% |
| Other amounts receivable | 41 | €18,764 | €23,288 | +€4,523 | +24.1% |
| Cash at bank and in hand | 54/58 | €24 | €23 | -€1 | -2.2% |
| Deferred charges and accrued income | 490/1 | €754 | €423 | -€332 | -44.0% |
| Total equity and liabilities | 10/49 | €30,506 | €33,517 | +€3,011 | +9.9% |
| Equity | 10/15 | €24,698 | €24,154 | -€545 | -2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,106 | €5,562 | -€545 | -8.9% |
| Distributable reserves | 133 | €6,106 | €5,562 | -€545 | -8.9% |
| Amounts payable | 17/49 | €5,808 | €9,363 | +€3,555 | +61.2% |
| Amounts payable within one year | 42/48 | €4,808 | €8,363 | +€3,555 | +73.9% |
| Financial debts | 43 | €4,171 | €3,736 | -€434 | -10.4% |
| Credit institutions | 430/8 | - | €3,736 | +€3,736 | |
| Other loans | 439 | €4,171 | €0 | -€4,171 | -100.0% |
| Trade debts | 44 | €637 | €4,143 | +€3,506 | +550.4% |
| Suppliers | 440/4 | €637 | €4,143 | +€3,506 | +550.4% |
| Taxes, remuneration and social security | 45 | - | €483 | +€483 | |
| Taxes | 450/3 | - | €483 | +€483 | |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €534 | +€534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,170 | €1,196 | -€3,973 | -76.9% |
| Other operating charges | 640/8 | €518 | €660 | +€142 | +27.4% |
| Gross operating margin | 9900 | €7,453 | €2,404 | -€5,049 | -67.7% |
| Operating profit (loss) | 9901 | €1,765 | €14 | -€1,751 | -99.2% |
| Financial income | 75/76B | €1,421 | €1,126 | -€295 | -20.7% |
| Recurring financial income | 75 | €1,421 | €1,126 | -€295 | -20.7% |
| Financial charges | 65/66B | €931 | €1,201 | +€270 | +29.0% |
| Recurring financial charges | 65 | €931 | €1,201 | +€270 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €2,255 | -€61 | -€2,317 | |
| Income taxes | 67/77 | - | €483 | +€483 | |
| Profit (loss) for the period | 9904 | €2,255 | -€545 | -€2,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,255 | -€545 | -€2,800 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.