MATTHIEU-PROJECTS: what changed
What changed
MATTHIEU-PROJECTS
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
-€16,413
2024 · -€5,886-€10,527
Equity
€22,808
2024 · €39,221-€16,413
Cash
€47,627
2024 · €762+€46,864
Balance sheet total
€189,141
2024 · €141,742+€47,399
Largest movements
Assets
- Cash +€46,864
up €46,864 (+6,146%), from €762 to €47,627
mainly Other debts (+€77,898) and Depreciation (+€5,790)
Equity and liabilities
- Other debts +€77,898
up €77,898 (+611%), from €12,759 to €90,658
- Profit (loss) carried forward -€16,413
down €16,413 (-72.1%), from -€22,752 to -€39,165
- Debts after one year -€14,026
down €14,026 (-28.7%), from €48,853 to €34,827
Income statement
- Gross operating margin +€41,732
up €41,732 (+92.1%), from -€45,287 to -€3,555
- Taxes -€13,335
down €13,335 (-99.0%), from €13,475 to €140
- Financial charges +€2,613
up €2,613 (+88.0%), from €2,969 to €5,582
- Other operating charges -€1,379
down €1,379 (-50.6%), from €2,725 to €1,346
- Depreciation +€1,118
up €1,118 (+23.9%), from €4,672 to €5,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,886
Gross operating margin
+€41,732
Depreciation
-€1,118
Other operating charges
+€1,379
Financial charges
-€2,613
Taxes
+€13,335
Deferred taxes and other
-€63,242
Result 2025
-€16,413
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€67,148
Investment
-€6,500
Financing
-€13,784
Cash 2024
€762
From operations (derived)
+€67,148
Net result for the year
-€16,413
Depreciation
+€5,790
Smaller working-capital items
+€314
Trade debts
-€442
Other debts
+€77,898
Investment (derived)
-€6,500
Investment in fixed assets (net)
-€6,500
Financing
-€13,784
Debts after one year
-€14,026
Current portion of long-term debt
+€511
Short-term financial debts
-€269
Cash 2025
€47,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,742 | €189,141 | +€47,399 | +33.4% |
| Fixed assets | 21/28 | €137,710 | €138,419 | +€710 | +0.5% |
| Tangible fixed assets | 22/27 | €136,160 | €136,869 | +€710 | +0.5% |
| Land and buildings | 22 | €134,400 | €130,099 | -€4,301 | -3.2% |
| Plant, machinery and equipment | 23 | €1,760 | €1,487 | -€273 | -15.5% |
| Furniture and vehicles | 24 | - | €5,283 | +€5,283 | |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €4,032 | €50,722 | +€46,690 | +1,158% |
| Amounts receivable within one year | 40/41 | €2,740 | €2,565 | -€174 | -6.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,740 | €2,565 | -€174 | -6.4% |
| Cash at bank and in hand | 54/58 | €762 | €47,627 | +€46,864 | +6,146% |
| Deferred charges and accrued income | 490/1 | €530 | €530 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €141,742 | €189,141 | +€47,399 | +33.4% |
| Equity | 10/15 | €39,221 | €22,808 | -€16,413 | -41.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Contributions outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€22,752 | -€39,165 | -€16,413 | -72.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €102,520 | €166,333 | +€63,813 | +62.2% |
| Amounts payable after more than one year | 17 | €48,853 | €34,827 | -€14,026 | -28.7% |
| Financial debts | 170/4 | €48,853 | €34,827 | -€14,026 | -28.7% |
| Amounts payable within one year | 42/48 | €53,667 | €131,506 | +€77,839 | +145% |
| Current portion of amounts payable after more than one year | 42 | €13,515 | €14,026 | +€511 | +3.8% |
| Financial debts | 43 | €9,894 | €9,625 | -€269 | -2.7% |
| Credit institutions | 430/8 | €9,894 | €9,625 | -€269 | -2.7% |
| Trade debts | 44 | €4,024 | €3,582 | -€442 | -11.0% |
| Suppliers | 440/4 | €4,024 | €3,582 | -€442 | -11.0% |
| Taxes, remuneration and social security | 45 | €13,475 | €13,614 | +€140 | +1.0% |
| Taxes | 450/3 | €13,475 | €13,614 | +€140 | +1.0% |
| Other amounts payable | 47/48 | €12,759 | €90,658 | +€77,898 | +611% |
| Non-recurring operating income | 76A | €159,581 | €0 | -€159,581 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,672 | €5,790 | +€1,118 | +23.9% |
| Other operating charges | 640/8 | €2,725 | €1,346 | -€1,379 | -50.6% |
| Gross operating margin | 9900 | -€45,287 | -€3,555 | +€41,732 | +92.1% |
| Operating profit (loss) | 9901 | -€52,684 | -€10,692 | +€41,993 | +79.7% |
| Financial charges | 65/66B | €2,969 | €5,582 | +€2,613 | +88.0% |
| Recurring financial charges | 65 | €2,969 | €5,582 | +€2,613 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,653 | -€16,274 | +€39,380 | +70.8% |
| Transfer from deferred taxes | 780 | €63,242 | €0 | -€63,242 | -100% |
| Income taxes | 67/77 | €13,475 | €140 | -€13,335 | -99.0% |
| Profit (loss) for the period | 9904 | -€5,886 | -€16,413 | -€10,527 | -179% |
| Transfer from tax-exempt reserves | 789 | €257,546 | €0 | -€257,546 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €251,660 | -€16,413 | -€268,073 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.