MATTHIAS PERSYN: 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 PERSYN
Largest movements
- Tangible fixed assets +€30,630
up €30,630 (+145%), from €21,196 to €51,826
of which Furniture and vehicles: +€33,410
- Receivables within one year -€6,622
down €6,622 (-40.2%), from €16,457 to €9,835
of which Trade receivables: -€5,135
- Stocks and contracts -€1,722
down €1,722 (-10.4%), from €16,585 to €14,863
- Deferred charges and accrued income +€973
up €973 (+57.7%), from €1,686 to €2,660
- Debts after one year +€17,546
new in 2025: €17,546
- Reserves +€6,541
up €6,541 (+13.7%), from €47,861 to €54,402
- Trade debts -€6,105
down €6,105 (-57.5%), from €10,623 to €4,518
- Current portion of long-term debt +€4,755
new in 2025: €4,755
- Tax, wage and social debts +€1,090
up €1,090 (+330%), from €330 to €1,420
- Other operating charges -€9,511
down €9,511 (-88.6%), from €10,736 to €1,225
- Depreciation +€5,277
up €5,277 (+107%), from €4,940 to €10,217
- Taxes +€1,090
up €1,090 (+363%), from €300 to €1,390
- Financial charges -€1,014
down €1,014 (-52.3%), from €1,939 to €925
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 | €67,260 | €90,816 | +€23,555 | +35.0% |
| Fixed assets | 21/28 | €21,196 | €51,826 | +€30,630 | +145% |
| Tangible fixed assets | 22/27 | €21,196 | €51,826 | +€30,630 | +145% |
| Plant, machinery and equipment | 23 | €9,713 | €7,575 | -€2,139 | -22.0% |
| Furniture and vehicles | 24 | €6,908 | €40,318 | +€33,410 | +484% |
| Other tangible fixed assets | 26 | €4,575 | €3,934 | -€641 | -14.0% |
| Current assets | 29/58 | €46,064 | €38,989 | -€7,075 | -15.4% |
| Stocks and contracts in progress | 3 | €16,585 | €14,863 | -€1,722 | -10.4% |
| Stocks | 30/36 | €16,585 | €14,863 | -€1,722 | -10.4% |
| Amounts receivable within one year | 40/41 | €16,457 | €9,835 | -€6,622 | -40.2% |
| Trade receivables | 40 | €12,446 | €7,310 | -€5,135 | -41.3% |
| Other amounts receivable | 41 | €4,012 | €2,525 | -€1,487 | -37.1% |
| Cash at bank and in hand | 54/58 | €11,335 | €11,631 | +€296 | +2.6% |
| Deferred charges and accrued income | 490/1 | €1,686 | €2,660 | +€973 | +57.7% |
| Total equity and liabilities | 10/49 | €67,260 | €90,816 | +€23,555 | +35.0% |
| Equity | 10/15 | €55,120 | €61,717 | +€6,597 | +12.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,861 | €54,402 | +€6,541 | +13.7% |
| Distributable reserves | 133 | €47,861 | €54,402 | +€6,541 | +13.7% |
| Profit (loss) carried forward | 14 | €1,059 | €1,115 | +€56 | +5.3% |
| Amounts payable | 17/49 | €12,140 | €29,098 | +€16,958 | +140% |
| Amounts payable after more than one year | 17 | - | €17,546 | +€17,546 | |
| Financial debts | 170/4 | - | €17,546 | +€17,546 | |
| Amounts payable within one year | 42/48 | €11,812 | €11,552 | -€260 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | - | €4,755 | +€4,755 | |
| Trade debts | 44 | €10,623 | €4,518 | -€6,105 | -57.5% |
| Suppliers | 440/4 | €10,623 | €4,518 | -€6,105 | -57.5% |
| Taxes, remuneration and social security | 45 | €330 | €1,420 | +€1,090 | +330% |
| Taxes | 450/3 | €330 | €1,420 | +€1,090 | +330% |
| Other amounts payable | 47/48 | €859 | €859 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €328 | €0 | -€328 | -100% |
| Non-recurring operating income | 76A | - | €507 | +€507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,940 | €10,217 | +€5,277 | +107% |
| Other operating charges | 640/8 | €10,736 | €1,225 | -€9,511 | -88.6% |
| Gross operating margin | 9900 | €21,029 | €21,213 | +€184 | +0.9% |
| Operating profit (loss) | 9901 | €5,353 | €9,771 | +€4,418 | +82.5% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €1,939 | €925 | -€1,014 | -52.3% |
| Recurring financial charges | 65 | €1,939 | €925 | -€1,014 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €3,451 | €8,846 | +€5,395 | +156% |
| Income taxes | 67/77 | €300 | €1,390 | +€1,090 | +363% |
| Profit (loss) for the period | 9904 | €3,151 | €7,456 | +€4,305 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €3,151 | €7,456 | +€4,305 | +137% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.