Matthias Temmermans: 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 Temmermans
Largest movements
- Cash -€23,744
down €23,744 (-35.7%), from €66,453 to €42,710
mainly Net result for the year (-€30,601) and Investment in fixed assets (net) (-€17,945)
- Receivables within one year -€18,866
down €18,866 (-69.6%), from €27,113 to €8,247
of which Trade receivables: -€22,891
- Tangible fixed assets +€7,153
up €7,153 (+25.3%), from €28,259 to €35,412
- Profit (loss) carried forward -€30,601
down €30,601, from €0 to -€30,601
- Debts after one year -€9,716
down €9,716 (-30.4%), from €31,944 to €22,228
of which Financial debts: -€31,944
- Trade debts +€2,948
up €2,948 (+141%), from €2,096 to €5,043
- Gross operating margin -€60,779
down €60,779, from €43,440 to -€17,339
- Taxes -€11,058
down €11,058 (-98.8%), from €11,190 to €132
- Depreciation +€2,361
up €2,361 (+28.0%), from €8,431 to €10,792
- Other operating charges -€542
down €542 (-27.2%), from €1,988 to €1,446
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 | €123,881 | €87,853 | -€36,028 | -29.1% |
| Fixed assets | 21/28 | €28,559 | €35,712 | +€7,153 | +25.0% |
| Tangible fixed assets | 22/27 | €28,259 | €35,412 | +€7,153 | +25.3% |
| Land and buildings | 22 | €5,392 | €6,427 | +€1,035 | +19.2% |
| Plant, machinery and equipment | 23 | €22,867 | €26,132 | +€3,265 | +14.3% |
| Furniture and vehicles | 24 | €0 | €2,853 | +€2,853 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €95,322 | €52,141 | -€43,180 | -45.3% |
| Amounts receivable within one year | 40/41 | €27,113 | €8,247 | -€18,866 | -69.6% |
| Trade receivables | 40 | €23,224 | €333 | -€22,891 | -98.6% |
| Other amounts receivable | 41 | €3,889 | €7,914 | +€4,026 | +104% |
| Cash at bank and in hand | 54/58 | €66,453 | €42,710 | -€23,744 | -35.7% |
| Deferred charges and accrued income | 490/1 | €1,755 | €1,184 | -€571 | -32.5% |
| Total equity and liabilities | 10/49 | €123,881 | €87,853 | -€36,028 | -29.1% |
| Equity | 10/15 | €63,583 | €32,983 | -€30,601 | -48.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,983 | €44,983 | = | 0.0% |
| Distributable reserves | 133 | €44,983 | €44,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€30,601 | -€30,601 | |
| Amounts payable | 17/49 | €60,297 | €54,870 | -€5,427 | -9.0% |
| Amounts payable after more than one year | 17 | €31,944 | €22,228 | -€9,716 | -30.4% |
| Financial debts | 170/4 | €31,944 | €0 | -€31,944 | -100% |
| Other amounts payable | 178/9 | - | €22,228 | +€22,228 | |
| Amounts payable within one year | 42/48 | €28,353 | €32,643 | +€4,290 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €222 | €69 | -€153 | -69.0% |
| Credit institutions | 430/8 | €222 | €0 | -€222 | -100% |
| Other loans | 439 | - | €69 | +€69 | |
| Trade debts | 44 | €2,096 | €5,043 | +€2,948 | +141% |
| Suppliers | 440/4 | €2,096 | €5,043 | +€2,948 | +141% |
| Taxes, remuneration and social security | 45 | €4,094 | €4,402 | +€308 | +7.5% |
| Taxes | 450/3 | €1,929 | €2,237 | +€308 | +16.0% |
| Remuneration and social security | 454/9 | €2,165 | €2,165 | = | 0.0% |
| Other amounts payable | 47/48 | €21,942 | €23,129 | +€1,187 | +5.4% |
| Non-recurring operating income | 76A | €18,415 | €0 | -€18,415 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,431 | €10,792 | +€2,361 | +28.0% |
| Other operating charges | 640/8 | €1,988 | €1,446 | -€542 | -27.2% |
| Gross operating margin | 9900 | €43,440 | -€17,339 | -€60,779 | |
| Operating profit (loss) | 9901 | €33,021 | -€29,577 | -€62,598 | |
| Financial income | 75/76B | €4 | €1 | -€3 | -75.9% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -75.9% |
| Financial charges | 65/66B | €510 | €893 | +€383 | +75.0% |
| Recurring financial charges | 65 | €510 | €893 | +€383 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €32,514 | -€30,469 | -€62,983 | |
| Income taxes | 67/77 | €11,190 | €132 | -€11,058 | -98.8% |
| Profit (loss) for the period | 9904 | €21,324 | -€30,601 | -€51,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,324 | -€30,601 | -€51,925 |
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 29 October 2026 via checked.be.