MATTHI: 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.
MATTHI
Largest movements
- Tangible fixed assets -€26,646
down €26,646 (-6.4%), from €415,405 to €388,758
of which Land and buildings: -€18,196
- Receivables within one year -€19,497
down €19,497 (-36.5%), from €53,455 to €33,958
of which Trade receivables: -€18,543
- Stocks and contracts -€15,226
down €15,226 (-18.4%), from €82,804 to €67,578
- Other debts -€61,396
down €61,396 (-15.5%), from €397,373 to €335,977
- Debts after one year -€25,580
down €25,580 (-34.6%), from €74,017 to €48,438
- Trade debts +€13,354
up €13,354 (+245%), from €5,461 to €18,815
- Current portion of long-term debt +€10,759
up €10,759 (+38.0%), from €28,316 to €39,076
- Profit (loss) carried forward +€9,509
up €9,509 (+11.2%), from -€85,015 to -€75,506
- Depreciation -€7,603
down €7,603 (-22.2%), from €34,249 to €26,646
- Financial charges -€6,967
down €6,967 (-77.2%), from €9,026 to €2,059
- Gross operating margin -€6,963
down €6,963 (-12.7%), from €54,980 to €48,018
- Other operating charges +€1,485
up €1,485 (+12.7%), from €11,726 to €13,211
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,439 | €491,416 | -€61,023 | -11.0% |
| Fixed assets | 21/28 | €415,432 | €388,786 | -€26,646 | -6.4% |
| Tangible fixed assets | 22/27 | €415,405 | €388,758 | -€26,646 | -6.4% |
| Land and buildings | 22 | €397,486 | €379,289 | -€18,196 | -4.6% |
| Plant, machinery and equipment | 23 | €13,702 | €9,101 | -€4,601 | -33.6% |
| Furniture and vehicles | 24 | €4,216 | €368 | -€3,849 | -91.3% |
| Financial fixed assets | 28 | €28 | €28 | = | 0.0% |
| Current assets | 29/58 | €137,007 | €102,630 | -€34,377 | -25.1% |
| Stocks and contracts in progress | 3 | €82,804 | €67,578 | -€15,226 | -18.4% |
| Stocks | 30/36 | €82,804 | €67,578 | -€15,226 | -18.4% |
| Amounts receivable within one year | 40/41 | €53,455 | €33,958 | -€19,497 | -36.5% |
| Trade receivables | 40 | €50,762 | €32,219 | -€18,543 | -36.5% |
| Other amounts receivable | 41 | €2,693 | €1,739 | -€954 | -35.4% |
| Deferred charges and accrued income | 490/1 | €748 | €1,094 | +€346 | +46.2% |
| Total equity and liabilities | 10/49 | €552,439 | €491,416 | -€61,023 | -11.0% |
| Equity | 10/15 | €8,702 | €15,656 | +€6,954 | +79.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €31,743 | €29,189 | -€2,555 | -8.0% |
| Non-distributable reserves | 130/1 | €168 | €168 | = | 0.0% |
| Reserves not available under the articles | 1311 | €168 | €168 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,576 | €29,021 | -€2,555 | -8.1% |
| Profit (loss) carried forward | 14 | -€85,015 | -€75,506 | +€9,509 | +11.2% |
| Provisions and deferred taxes | 16 | €10,525 | €9,674 | -€852 | -8.1% |
| Deferred taxes | 168 | €10,525 | €9,674 | -€852 | -8.1% |
| Amounts payable | 17/49 | €533,212 | €466,086 | -€67,126 | -12.6% |
| Amounts payable after more than one year | 17 | €74,017 | €48,438 | -€25,580 | -34.6% |
| Financial debts | 170/4 | €74,017 | €48,438 | -€25,580 | -34.6% |
| Amounts payable within one year | 42/48 | €459,195 | €417,649 | -€41,546 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €28,316 | €39,076 | +€10,759 | +38.0% |
| Financial debts | 43 | €11,125 | €6,862 | -€4,263 | -38.3% |
| Credit institutions | 430/8 | €11,125 | €4,649 | -€6,476 | -58.2% |
| Other loans | 439 | - | €2,213 | +€2,213 | |
| Trade debts | 44 | €5,461 | €18,815 | +€13,354 | +245% |
| Suppliers | 440/4 | €5,461 | €18,815 | +€13,354 | +245% |
| Advances received on contracts in progress | 46 | €15,100 | €15,100 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,820 | €1,820 | = | 0.0% |
| Taxes | 450/3 | €1,820 | €1,820 | = | 0.0% |
| Other amounts payable | 47/48 | €397,373 | €335,977 | -€61,396 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,249 | €26,646 | -€7,603 | -22.2% |
| Other operating charges | 640/8 | €11,726 | €13,211 | +€1,485 | +12.7% |
| Gross operating margin | 9900 | €54,980 | €48,018 | -€6,963 | -12.7% |
| Operating profit (loss) | 9901 | €9,006 | €8,161 | -€845 | -9.4% |
| Financial income | 75/76B | €10 | €1 | -€9 | -91.2% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -91.2% |
| Financial charges | 65/66B | €9,026 | €2,059 | -€6,967 | -77.2% |
| Recurring financial charges | 65 | €9,026 | €2,059 | -€6,967 | -77.2% |
| Profit (loss) for the period before taxes | 9903 | -€10 | €6,102 | +€6,113 | |
| Transfer from deferred taxes | 780 | €852 | €852 | = | 0.0% |
| Income taxes | 67/77 | €342 | - | -€342 | |
| Profit (loss) for the period | 9904 | €499 | €6,954 | +€6,455 | +1,293% |
| Transfer from tax-exempt reserves | 789 | €2,555 | €2,555 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,054 | €9,509 | +€6,455 | +211% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.