Matthijs Technics: what changed
What changed
Matthijs Technics
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€201,327
2024 · €247,008-€45,681
Equity
€1.2m
2024 · €977,902+€201,327
Cash
€579,995
2024 · €743,711-€163,716
Balance sheet total
€1.8m
2024 · €1.7m+€102,178
Largest movements
Assets
- Current investments +€250,758
new in 2025: €250,758
- Cash -€163,716
down €163,716 (-22.0%), from €743,711 to €579,995
mainly Other debts (-€300,000) and Current investments (-€250,758)
- Tangible fixed assets +€51,849
up €51,849 (+21.9%), from €236,886 to €288,736
- Receivables within one year -€34,999
down €34,999 (-6.3%), from €555,304 to €520,306
of which Trade receivables: -€44,130
Equity and liabilities
- Other debts -€300,000
down €300,000 (-99.7%), from €300,755 to €755
- Reserves +€201,327
up €201,327 (+21.0%), from €959,352 to €1.2m
- Accrued charges and deferred income +€105,874
up €105,874 (+20,259%), from €523 to €106,397
- Tax, wage and social debts +€70,168
up €70,168 (+108%), from €65,250 to €135,417
of which Taxes: +€40,936
- Debts after one year +€54,005
up €54,005 (+48.6%), from €111,075 to €165,080
Income statement
- Staff costs +€111,205
up €111,205 (+18.2%), from €610,170 to €721,375
- Gross operating margin +€69,143
up €69,143 (+7.0%), from €991,331 to €1.1m
- Taxes -€15,286
down €15,286 (-17.9%), from €85,506 to €70,219
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
€247,008
Gross operating margin
+€69,143
Staff costs
-€111,205
Depreciation
-€9,369
Other operating charges
-€7,556
Financial income
+€150
Financial charges
-€2,130
Taxes
+€15,286
Result 2025
€201,327
raises the resultlowers the result
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
+€115,524
Investment
-€351,457
Financing
+€72,218
Cash 2024
€743,711
From operations (derived)
+€115,524
Net result for the year
+€201,327
Depreciation
+€53,048
Stocks and contracts
-€2,935
Receivables within one year
+€34,999
Deferred charges and accrued income
+€452
Trade debts
-€47,408
Tax, wage and social debts
+€70,168
Other debts
-€300,000
Accrued charges and deferred income
+€105,874
Investment (derived)
-€351,457
Investment in fixed assets (net)
-€100,699
Current investments
-€250,758
Financing
+€72,218
Debts after one year
+€54,005
Current portion of long-term debt
+€18,213
Cash 2025
€579,995
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,692,805 | €1,794,982 | +€102,178 | +6.0% |
| Fixed assets | 21/28 | €252,134 | €299,786 | +€47,652 | +18.9% |
| Intangible fixed assets | 21 | €14,180 | €10,985 | -€3,195 | -22.5% |
| Tangible fixed assets | 22/27 | €236,886 | €288,736 | +€51,849 | +21.9% |
| Land and buildings | 22 | €518 | €449 | -€69 | -13.3% |
| Plant, machinery and equipment | 23 | €10,408 | €14,389 | +€3,981 | +38.3% |
| Furniture and vehicles | 24 | €79,983 | €104,565 | +€24,583 | +30.7% |
| Other tangible fixed assets | 26 | €145,978 | €169,332 | +€23,354 | +16.0% |
| Financial fixed assets | 28 | €1,068 | €65 | -€1,003 | -93.9% |
| Current assets | 29/58 | €1,440,670 | €1,495,196 | +€54,526 | +3.8% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,741 | €8,675 | +€2,935 | +51.1% |
| Stocks | 30/36 | €5,741 | €8,675 | +€2,935 | +51.1% |
| Amounts receivable within one year | 40/41 | €555,304 | €520,306 | -€34,999 | -6.3% |
| Trade receivables | 40 | €520,328 | €476,199 | -€44,130 | -8.5% |
| Other amounts receivable | 41 | €34,976 | €44,107 | +€9,131 | +26.1% |
| Current investments | 50/53 | - | €250,758 | +€250,758 | |
| Cash at bank and in hand | 54/58 | €743,711 | €579,995 | -€163,716 | -22.0% |
| Deferred charges and accrued income | 490/1 | €10,914 | €10,462 | -€452 | -4.1% |
| Total equity and liabilities | 10/49 | €1,692,805 | €1,794,982 | +€102,178 | +6.0% |
| Equity | 10/15 | €977,902 | €1,179,229 | +€201,327 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €959,352 | €1,160,679 | +€201,327 | +21.0% |
| Distributable reserves | 133 | €959,352 | €1,160,679 | +€201,327 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €714,903 | €615,753 | -€99,149 | -13.9% |
| Amounts payable after more than one year | 17 | €111,075 | €165,080 | +€54,005 | +48.6% |
| Financial debts | 170/4 | €111,075 | €165,080 | +€54,005 | +48.6% |
| Amounts payable within one year | 42/48 | €603,305 | €344,277 | -€259,028 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €26,139 | €44,352 | +€18,213 | +69.7% |
| Trade debts | 44 | €211,160 | €163,752 | -€47,408 | -22.5% |
| Suppliers | 440/4 | €211,160 | €163,752 | -€47,408 | -22.5% |
| Taxes, remuneration and social security | 45 | €65,250 | €135,417 | +€70,168 | +108% |
| Taxes | 450/3 | €4,909 | €45,845 | +€40,936 | +834% |
| Remuneration and social security | 454/9 | €60,341 | €89,572 | +€29,231 | +48.4% |
| Other amounts payable | 47/48 | €300,755 | €755 | -€300,000 | -99.7% |
| Accrued charges and deferred income | 492/3 | €523 | €106,397 | +€105,874 | +20,259% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €610,170 | €721,375 | +€111,205 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,679 | €53,048 | +€9,369 | +21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,855 | €10,410 | +€7,556 | +265% |
| Gross operating margin | 9900 | €991,331 | €1,060,473 | +€69,143 | +7.0% |
| Operating profit (loss) | 9901 | €334,627 | €275,640 | -€58,987 | -17.6% |
| Financial income | 75/76B | €1,604 | €1,754 | +€150 | +9.3% |
| Recurring financial income | 75 | €1,604 | €1,754 | +€150 | +9.3% |
| Financial charges | 65/66B | €3,718 | €5,848 | +€2,130 | +57.3% |
| Recurring financial charges | 65 | €3,718 | €5,848 | +€2,130 | +57.3% |
| Profit (loss) for the period before taxes | 9903 | €332,514 | €271,546 | -€60,967 | -18.3% |
| Income taxes | 67/77 | €85,506 | €70,219 | -€15,286 | -17.9% |
| Profit (loss) for the period | 9904 | €247,008 | €201,327 | -€45,681 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €247,008 | €201,327 | -€45,681 | -18.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.