MATTHIEU MOREAU: 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 MOREAU
Largest movements
- Receivables within one year -€18,291
down €18,291 (-64.0%), from €28,592 to €10,301
- Cash +€17,499
up €17,499 (+142%), from €12,344 to €29,843
mainly Receivables within one year (+€18,291) and Net result for the year (+€7,622)
- Receivables after one year +€2,450
new in 2025: €2,450
- Tangible fixed assets -€1,906
down €1,906 (-38.3%), from €4,972 to €3,066
- Advances received -€8,123
no longer reported in 2025 (was €8,123)
- Other debts +€4,272
up €4,272 (+242%), from €1,765 to €6,038
- Trade debts +€4,171
up €4,171 (+389%), from €1,072 to €5,244
- Tax, wage and social debts -€2,130
down €2,130 (-21.3%), from €10,024 to €7,893
- Profit (loss) carried forward +€1,622
up €1,622 (+7.0%), from €23,287 to €24,909
- Gross operating margin -€8,335
down €8,335 (-37.3%), from €22,328 to €13,994
- Taxes -€1,446
down €1,446 (-31.7%), from €4,560 to €3,114
- Other operating charges +€1,274
new in 2025: €1,274
- Depreciation +€974
up €974 (+104%), from €933 to €1,906
- Financial charges -€317
down €317 (-69.6%), from €456 to €139
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 | €46,271 | €46,084 | -€188 | -0.4% |
| Fixed assets | 21/28 | €5,335 | €3,429 | -€1,906 | -35.7% |
| Tangible fixed assets | 22/27 | €4,972 | €3,066 | -€1,906 | -38.3% |
| Furniture and vehicles | 24 | €4,972 | €3,066 | -€1,906 | -38.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €40,936 | €42,655 | +€1,719 | +4.2% |
| Amounts receivable after more than one year | 29 | - | €2,450 | +€2,450 | |
| Other amounts receivable | 291 | - | €2,450 | +€2,450 | |
| Amounts receivable within one year | 40/41 | €28,592 | €10,301 | -€18,291 | -64.0% |
| Trade receivables | 40 | €28,592 | €10,301 | -€18,291 | -64.0% |
| Cash at bank and in hand | 54/58 | €12,344 | €29,843 | +€17,499 | +142% |
| Deferred charges and accrued income | 490/1 | - | €61 | +€61 | |
| Total equity and liabilities | 10/49 | €46,271 | €46,084 | -€188 | -0.4% |
| Equity | 10/15 | €25,287 | €26,909 | +€1,622 | +6.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,287 | €24,909 | +€1,622 | +7.0% |
| Amounts payable | 17/49 | €20,984 | €19,175 | -€1,809 | -8.6% |
| Amounts payable within one year | 42/48 | €20,984 | €19,175 | -€1,809 | -8.6% |
| Trade debts | 44 | €1,072 | €5,244 | +€4,171 | +389% |
| Suppliers | 440/4 | €1,072 | €5,244 | +€4,171 | +389% |
| Advances received on contracts in progress | 46 | €8,123 | - | -€8,123 | |
| Taxes, remuneration and social security | 45 | €10,024 | €7,893 | -€2,130 | -21.3% |
| Taxes | 450/3 | €10,024 | €7,893 | -€2,130 | -21.3% |
| Other amounts payable | 47/48 | €1,765 | €6,038 | +€4,272 | +242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €1,906 | +€974 | +104% |
| Other operating charges | 640/8 | - | €1,274 | +€1,274 | |
| Gross operating margin | 9900 | €22,328 | €13,994 | -€8,335 | -37.3% |
| Operating profit (loss) | 9901 | €21,396 | €10,813 | -€10,582 | -49.5% |
| Financial income | 75/76B | €121 | €61 | -€60 | -49.4% |
| Recurring financial income | 75 | €121 | €61 | -€60 | -49.4% |
| Financial charges | 65/66B | €456 | €139 | -€317 | -69.6% |
| Recurring financial charges | 65 | €456 | €139 | -€317 | -69.6% |
| Profit (loss) for the period before taxes | 9903 | €21,061 | €10,736 | -€10,325 | -49.0% |
| Income taxes | 67/77 | €4,560 | €3,114 | -€1,446 | -31.7% |
| Profit (loss) for the period | 9904 | €16,501 | €7,622 | -€8,879 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,501 | €7,622 | -€8,879 | -53.8% |
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 23 October 2026 via checked.be.