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 -€3,067
down €3,067 (-23.0%), from €13,353 to €10,286
mainly Tax, wage and social debts (-€2,734) and Deferred charges and accrued income (-€2,550)
- Tangible fixed assets -€3,018
down €3,018 (-16.6%), from €18,194 to €15,175
of which Plant, machinery and equipment: -€2,039
- Deferred charges and accrued income +€2,550
up €2,550 (+211%), from €1,211 to €3,761
- Stocks and contracts +€498
up €498 (+5.7%), from €8,689 to €9,187
- Trade debts +€2,762
up €2,762 (+55.3%), from €4,997 to €7,759
- Tax, wage and social debts -€2,734
down €2,734 (-31.2%), from €8,765 to €6,031
of which Taxes: -€3,136
- Accrued charges and deferred income -€1,905
no longer reported in 2025 (was €1,905)
- Other debts -€1,497
down €1,497 (-69.7%), from €2,146 to €649
- Staff costs -€6,013
down €6,013 (-22.5%), from €26,668 to €20,654
- Gross operating margin +€5,182
up €5,182 (+19.8%), from €26,109 to €31,291
- Financial charges +€3,704
up €3,704 (+202%), from €1,829 to €5,533
of which Non-recurring financial charges: +€4,000
- Other operating charges -€728
down €728 (-40.0%), from €1,818 to €1,090
- Depreciation +€339
up €339 (+11.0%), from €3,079 to €3,418
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 | €45,956 | €42,983 | -€2,973 | -6.5% |
| Fixed assets | 21/28 | €18,194 | €15,175 | -€3,018 | -16.6% |
| Tangible fixed assets | 22/27 | €18,194 | €15,175 | -€3,018 | -16.6% |
| Plant, machinery and equipment | 23 | €12,571 | €10,532 | -€2,039 | -16.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €5,622 | €4,643 | -€979 | -17.4% |
| Current assets | 29/58 | €27,763 | €27,808 | +€45 | +0.2% |
| Stocks and contracts in progress | 3 | €8,689 | €9,187 | +€498 | +5.7% |
| Stocks | 30/36 | €8,689 | €9,187 | +€498 | +5.7% |
| Amounts receivable within one year | 40/41 | €291 | €306 | +€15 | +5.3% |
| Other amounts receivable | 41 | €291 | €306 | +€15 | +5.3% |
| Current investments | 50/53 | €4,219 | €4,268 | +€49 | +1.2% |
| Cash at bank and in hand | 54/58 | €13,353 | €10,286 | -€3,067 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,211 | €3,761 | +€2,550 | +211% |
| Total equity and liabilities | 10/49 | €45,956 | €42,983 | -€2,973 | -6.5% |
| Equity | 10/15 | €28,143 | €28,544 | +€401 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,543 | €9,944 | +€401 | +4.2% |
| Distributable reserves | 133 | €9,543 | €9,944 | +€401 | +4.2% |
| Amounts payable | 17/49 | €17,813 | €14,439 | -€3,374 | -18.9% |
| Amounts payable within one year | 42/48 | €15,908 | €14,439 | -€1,469 | -9.2% |
| Trade debts | 44 | €4,997 | €7,759 | +€2,762 | +55.3% |
| Suppliers | 440/4 | €4,997 | €7,759 | +€2,762 | +55.3% |
| Taxes, remuneration and social security | 45 | €8,765 | €6,031 | -€2,734 | -31.2% |
| Taxes | 450/3 | €7,486 | €4,350 | -€3,136 | -41.9% |
| Remuneration and social security | 454/9 | €1,279 | €1,681 | +€402 | +31.4% |
| Other amounts payable | 47/48 | €2,146 | €649 | -€1,497 | -69.7% |
| Accrued charges and deferred income | 492/3 | €1,905 | - | -€1,905 | |
| Remuneration, social security and pensions | 62 | €26,668 | €20,654 | -€6,013 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,079 | €3,418 | +€339 | +11.0% |
| Other operating charges | 640/8 | €1,818 | €1,090 | -€728 | -40.0% |
| Gross operating margin | 9900 | €26,109 | €31,291 | +€5,182 | +19.8% |
| Operating profit (loss) | 9901 | -€5,455 | €6,128 | +€11,583 | |
| Financial income | 75/76B | €9 | €155 | +€145 | +1,574% |
| Recurring financial income | 75 | €9 | €155 | +€145 | +1,574% |
| Financial charges | 65/66B | €1,829 | €5,533 | +€3,704 | +202% |
| Recurring financial charges | 65 | €1,829 | €1,533 | -€296 | -16.2% |
| Non-recurring financial charges | 66B | - | €4,000 | +€4,000 | |
| Profit (loss) for the period before taxes | 9903 | -€7,275 | €750 | +€8,025 | |
| Income taxes | 67/77 | €288 | €349 | +€61 | +21.2% |
| Profit (loss) for the period | 9904 | -€7,563 | €401 | +€7,964 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,563 | €401 | +€7,964 |
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 26 October 2026 via checked.be.