Matthieu Labs: 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.
Matthieu Labs
Largest movements
- Cash +€44,554
up €44,554 (+43.0%), from €103,712 to €148,266
mainly Other debts (+€64,158) and Net result for the year (+€59,279)
- Other debts +€64,158
up €64,158 (+67.4%), from €95,193 to €159,351
- Profit (loss) carried forward -€37,492
no longer reported in 2025 (was €37,492)
- Tax, wage and social debts +€19,221
up €19,221 (+95.8%), from €20,061 to €39,282
- Gross operating margin +€23,468
up €23,468 (+47.0%), from €49,940 to €73,408
- Taxes +€4,192
up €4,192 (+34.7%), from €12,070 to €16,262
- Financial income +€2,436
up €2,436 (+974%), from €250 to €2,686
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 | €152,966 | €199,480 | +€46,514 | +30.4% |
| Fixed assets | 21/28 | €48,714 | €48,714 | = | 0.0% |
| Financial fixed assets | 28 | €48,714 | €48,714 | = | 0.0% |
| Current assets | 29/58 | €104,252 | €150,766 | +€46,514 | +44.6% |
| Amounts receivable within one year | 40/41 | €540 | €2,500 | +€1,960 | +363% |
| Trade receivables | 40 | €540 | €2,500 | +€1,960 | +363% |
| Cash at bank and in hand | 54/58 | €103,712 | €148,266 | +€44,554 | +43.0% |
| Total equity and liabilities | 10/49 | €152,966 | €199,480 | +€46,514 | +30.4% |
| Equity | 10/15 | €37,592 | €100 | -€37,492 | -99.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,492 | - | -€37,492 | |
| Amounts payable | 17/49 | €115,374 | €199,380 | +€84,006 | +72.8% |
| Amounts payable within one year | 42/48 | €115,374 | €199,380 | +€84,006 | +72.8% |
| Trade debts | 44 | €120 | €747 | +€627 | +523% |
| Suppliers | 440/4 | €120 | €747 | +€627 | +523% |
| Taxes, remuneration and social security | 45 | €20,061 | €39,282 | +€19,221 | +95.8% |
| Taxes | 450/3 | €20,061 | €39,282 | +€19,221 | +95.8% |
| Other amounts payable | 47/48 | €95,193 | €159,351 | +€64,158 | +67.4% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €49,940 | €73,408 | +€23,468 | +47.0% |
| Operating profit (loss) | 9901 | €49,553 | €73,008 | +€23,455 | +47.3% |
| Financial income | 75/76B | €250 | €2,686 | +€2,436 | +974% |
| Recurring financial income | 75 | €250 | €2,686 | +€2,436 | +974% |
| Financial charges | 65/66B | €241 | €153 | -€88 | -36.5% |
| Recurring financial charges | 65 | €241 | €153 | -€88 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €49,562 | €75,541 | +€25,979 | +52.4% |
| Income taxes | 67/77 | €12,070 | €16,262 | +€4,192 | +34.7% |
| Profit (loss) for the period | 9904 | €37,492 | €59,279 | +€21,787 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,492 | €59,279 | +€21,787 | +58.1% |
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.