MATTHIAS: 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.
MATTHIAS
Largest movements
- Cash +€30,831
up €30,831 (+92.4%), from €33,379 to €64,209
mainly Depreciation (+€27,312) and Net result for the year (+€22,747)
- Receivables within one year +€11,539
up €11,539 (+13.5%), from €85,301 to €96,840
of which Trade receivables: +€15,346
- Tangible fixed assets -€9,360
down €9,360 (-8.7%), from €107,004 to €97,644
of which Plant, machinery and equipment: -€11,057
- Stocks and contracts +€4,606
up €4,606 (+41.9%), from €11,005 to €15,611
- Reserves +€22,747
up €22,747 (+118%), from €19,316 to €42,063
- Trade debts +€21,062
up €21,062 (+45.8%), from €46,031 to €67,092
- Debts after one year -€19,840
down €19,840 (-23.4%), from €84,682 to €64,842
- Advances received +€9,210
up €9,210 (+680%), from €1,355 to €10,565
- Tax, wage and social debts +€4,030
up €4,030 (+7.3%), from €55,025 to €59,055
of which Taxes: +€6,770
- Gross operating margin +€33,924
up €33,924 (+6.2%), from €544,410 to €578,334
- Staff costs +€6,882
up €6,882 (+1.4%), from €490,375 to €497,257
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 | €259,075 | €297,326 | +€38,251 | +14.8% |
| Fixed assets | 21/28 | €128,904 | €119,544 | -€9,360 | -7.3% |
| Tangible fixed assets | 22/27 | €107,004 | €97,644 | -€9,360 | -8.7% |
| Land and buildings | 22 | €21,151 | €18,801 | -€2,350 | -11.1% |
| Plant, machinery and equipment | 23 | €66,824 | €55,768 | -€11,057 | -16.5% |
| Furniture and vehicles | 24 | €705 | €6,824 | +€6,119 | +868% |
| Leasing and similar rights | 25 | €1,602 | €549 | -€1,053 | -65.7% |
| Other tangible fixed assets | 26 | €16,722 | €15,703 | -€1,019 | -6.1% |
| Financial fixed assets | 28 | €21,900 | €21,900 | = | 0.0% |
| Current assets | 29/58 | €130,171 | €177,783 | +€47,612 | +36.6% |
| Stocks and contracts in progress | 3 | €11,005 | €15,611 | +€4,606 | +41.9% |
| Stocks | 30/36 | €11,005 | €15,611 | +€4,606 | +41.9% |
| Amounts receivable within one year | 40/41 | €85,301 | €96,840 | +€11,539 | +13.5% |
| Trade receivables | 40 | €77,084 | €92,430 | +€15,346 | +19.9% |
| Other amounts receivable | 41 | €8,216 | €4,409 | -€3,807 | -46.3% |
| Cash at bank and in hand | 54/58 | €33,379 | €64,209 | +€30,831 | +92.4% |
| Deferred charges and accrued income | 490/1 | €487 | €1,123 | +€636 | +130% |
| Total equity and liabilities | 10/49 | €259,075 | €297,326 | +€38,251 | +14.8% |
| Equity | 10/15 | €37,916 | €60,663 | +€22,747 | +60.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,316 | €42,063 | +€22,747 | +118% |
| Distributable reserves | 133 | €19,316 | €42,063 | +€22,747 | +118% |
| Amounts payable | 17/49 | €221,159 | €236,664 | +€15,505 | +7.0% |
| Amounts payable after more than one year | 17 | €84,682 | €64,842 | -€19,840 | -23.4% |
| Financial debts | 170/4 | €84,682 | €64,842 | -€19,840 | -23.4% |
| Amounts payable within one year | 42/48 | €136,477 | €171,822 | +€35,345 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €22,530 | €19,840 | -€2,689 | -11.9% |
| Financial debts | 43 | €8,203 | €11,271 | +€3,068 | +37.4% |
| Credit institutions | 430/8 | €8,203 | €11,271 | +€3,068 | +37.4% |
| Trade debts | 44 | €46,031 | €67,092 | +€21,062 | +45.8% |
| Suppliers | 440/4 | €46,031 | €67,092 | +€21,062 | +45.8% |
| Advances received on contracts in progress | 46 | €1,355 | €10,565 | +€9,210 | +680% |
| Taxes, remuneration and social security | 45 | €55,025 | €59,055 | +€4,030 | +7.3% |
| Taxes | 450/3 | €7,484 | €14,255 | +€6,770 | +90.5% |
| Remuneration and social security | 454/9 | €47,541 | €44,800 | -€2,741 | -5.8% |
| Other amounts payable | 47/48 | €3,334 | €3,999 | +€665 | +20.0% |
| Non-recurring operating income | 76A | - | €6,036 | +€6,036 | |
| Remuneration, social security and pensions | 62 | €490,375 | €497,257 | +€6,882 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,293 | €27,312 | +€4,019 | +17.3% |
| Other operating charges | 640/8 | €14,426 | €10,068 | -€4,358 | -30.2% |
| Gross operating margin | 9900 | €544,410 | €578,334 | +€33,924 | +6.2% |
| Operating profit (loss) | 9901 | €16,317 | €43,698 | +€27,381 | +168% |
| Financial income | 75/76B | €1,662 | €220 | -€1,441 | -86.7% |
| Recurring financial income | 75 | €1,662 | €220 | -€1,441 | -86.7% |
| Financial charges | 65/66B | €13,814 | €13,477 | -€336 | -2.4% |
| Recurring financial charges | 65 | €13,814 | €13,477 | -€336 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €4,165 | €30,441 | +€26,276 | +631% |
| Income taxes | 67/77 | €3,907 | €7,695 | +€3,788 | +97.0% |
| Profit (loss) for the period | 9904 | €258 | €22,747 | +€22,488 | +8,704% |
| Profit (loss) for the period to be appropriated | 9905 | €258 | €22,747 | +€22,488 | +8,704% |
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 19 October 2026 via checked.be.