Matthick Engineering: what changed
Two fiscal 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.
Matthick Engineering
Largest movements
- Cash -€197,817
down €197,817 (-99.5%), from €198,842 to €1,025
mainly Current investments (-€179,234) and Net result for the year (-€25,662)
- Current investments +€179,234
new in 2025: €179,234
- Tangible fixed assets -€9,415
down €9,415 (-15.3%), from €61,362 to €51,947
of which Furniture and vehicles: -€9,886
- Receivables within one year -€7,753
down €7,753 (-34.4%), from €22,507 to €14,754
of which Trade receivables: -€13,068
- Profit (loss) carried forward -€25,662
down €25,662 (-10.5%), from €244,194 to €218,532
- Tax, wage and social debts -€22,909
no longer reported in 2025 (was €22,909)
- Other debts +€10,100
up €10,100 (+58.8%), from €17,176 to €27,275
- Gross operating margin -€69,980
down €69,980, from €60,964 to -€9,015
- Taxes -€12,051
down €12,051 (-95.2%), from €12,654 to €602
- Depreciation +€7,360
up €7,360 (+98.4%), from €7,476 to €14,836
- Financial income -€2,462
down €2,462 (-51.5%), from €4,784 to €2,322
- Staff costs -€2,073
no longer reported in 2025 (was €2,073)
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.
Cash bridge derived
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 | €285,902 | €247,552 | -€38,350 | -13.4% |
| Fixed assets | 21/28 | €61,362 | €51,947 | -€9,415 | -15.3% |
| Tangible fixed assets | 22/27 | €61,362 | €51,947 | -€9,415 | -15.3% |
| Plant, machinery and equipment | 23 | €3,677 | €4,148 | +€471 | +12.8% |
| Furniture and vehicles | 24 | €57,685 | €47,799 | -€9,886 | -17.1% |
| Current assets | 29/58 | €224,540 | €195,605 | -€28,935 | -12.9% |
| Amounts receivable within one year | 40/41 | €22,507 | €14,754 | -€7,753 | -34.4% |
| Trade receivables | 40 | €13,068 | - | -€13,068 | |
| Other amounts receivable | 41 | €9,439 | €14,754 | +€5,315 | +56.3% |
| Current investments | 50/53 | - | €179,234 | +€179,234 | |
| Cash at bank and in hand | 54/58 | €198,842 | €1,025 | -€197,817 | -99.5% |
| Deferred charges and accrued income | 490/1 | €3,190 | €592 | -€2,598 | -81.4% |
| Total equity and liabilities | 10/49 | €285,902 | €247,552 | -€38,350 | -13.4% |
| Equity | 10/15 | €245,194 | €219,532 | -€25,662 | -10.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,194 | €218,532 | -€25,662 | -10.5% |
| Amounts payable | 17/49 | €40,707 | €28,020 | -€12,687 | -31.2% |
| Amounts payable within one year | 42/48 | €40,707 | €28,020 | -€12,687 | -31.2% |
| Trade debts | 44 | €623 | €744 | +€121 | +19.5% |
| Suppliers | 440/4 | €623 | €744 | +€121 | +19.5% |
| Taxes, remuneration and social security | 45 | €22,909 | - | -€22,909 | |
| Taxes | 450/3 | €22,909 | - | -€22,909 | |
| Other amounts payable | 47/48 | €17,176 | €27,275 | +€10,100 | +58.8% |
| Remuneration, social security and pensions | 62 | €2,073 | - | -€2,073 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,476 | €14,836 | +€7,360 | +98.4% |
| Other operating charges | 640/8 | €2,319 | €3,417 | +€1,099 | +47.4% |
| Gross operating margin | 9900 | €60,964 | -€9,015 | -€69,980 | |
| Operating profit (loss) | 9901 | €49,096 | -€27,269 | -€76,365 | |
| Financial income | 75/76B | €4,784 | €2,322 | -€2,462 | -51.5% |
| Recurring financial income | 75 | €4,784 | €2,322 | -€2,462 | -51.5% |
| Financial charges | 65/66B | €707 | €113 | -€594 | -84.0% |
| Recurring financial charges | 65 | €707 | €113 | -€594 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | €53,173 | -€25,060 | -€78,233 | |
| Income taxes | 67/77 | €12,654 | €602 | -€12,051 | -95.2% |
| Profit (loss) for the period | 9904 | €40,520 | -€25,662 | -€66,182 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,520 | -€25,662 | -€66,182 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.