MATTHIJS TROCH: 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.
MATTHIJS TROCH
Largest movements
- Cash +€19,086
up €19,086 (+66.9%), from €28,534 to €47,620
mainly Net result for the year (+€29,630) and Depreciation (+€5,754)
- Receivables within one year +€12,739
up €12,739 (+4,976%), from €256 to €12,995
of which Trade receivables: +€10,029
- Tangible fixed assets -€5,754
down €5,754 (-25.3%), from €22,727 to €16,973
- Reserves +€28,797
up €28,797 (+130%), from €22,075 to €50,872
- Debts after one year -€4,358
down €4,358 (-32.9%), from €13,244 to €8,887
- Tax, wage and social debts +€2,441
up €2,441 (+54.6%), from €4,469 to €6,910
- Gross operating margin +€10,760
up €10,760 (+28.6%), from €37,678 to €48,438
- Taxes +€4,806
up €4,806 (+67.0%), from €7,175 to €11,981
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 | €51,517 | €77,671 | +€26,154 | +50.8% |
| Fixed assets | 21/28 | €22,727 | €16,973 | -€5,754 | -25.3% |
| Tangible fixed assets | 22/27 | €22,727 | €16,973 | -€5,754 | -25.3% |
| Furniture and vehicles | 24 | €22,727 | €16,973 | -€5,754 | -25.3% |
| Current assets | 29/58 | €28,790 | €60,698 | +€31,908 | +111% |
| Amounts receivable within one year | 40/41 | €256 | €12,995 | +€12,739 | +4,976% |
| Trade receivables | 40 | €256 | €10,285 | +€10,029 | +3,917% |
| Other amounts receivable | 41 | - | €2,710 | +€2,710 | |
| Cash at bank and in hand | 54/58 | €28,534 | €47,620 | +€19,086 | +66.9% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €51,517 | €77,671 | +€26,154 | +50.8% |
| Equity | 10/15 | €27,075 | €55,872 | +€28,797 | +106% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,075 | €50,872 | +€28,797 | +130% |
| Distributable reserves | 133 | €22,075 | €50,872 | +€28,797 | +130% |
| Amounts payable | 17/49 | €24,442 | €21,800 | -€2,643 | -10.8% |
| Amounts payable after more than one year | 17 | €13,244 | €8,887 | -€4,358 | -32.9% |
| Financial debts | 170/4 | €13,244 | €8,887 | -€4,358 | -32.9% |
| Amounts payable within one year | 42/48 | €11,198 | €12,913 | +€1,715 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €4,177 | €4,358 | +€181 | +4.3% |
| Trade debts | 44 | €1,123 | €813 | -€310 | -27.6% |
| Suppliers | 440/4 | €1,123 | €813 | -€310 | -27.6% |
| Taxes, remuneration and social security | 45 | €4,469 | €6,910 | +€2,441 | +54.6% |
| Taxes | 450/3 | €4,469 | €6,910 | +€2,441 | +54.6% |
| Other amounts payable | 47/48 | €1,430 | €833 | -€597 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,041 | €5,754 | -€287 | -4.8% |
| Other operating charges | 640/8 | €618 | €596 | -€23 | -3.7% |
| Gross operating margin | 9900 | €37,678 | €48,438 | +€10,760 | +28.6% |
| Operating profit (loss) | 9901 | €31,018 | €42,089 | +€11,070 | +35.7% |
| Financial income | 75/76B | €37 | €300 | +€263 | +705% |
| Recurring financial income | 75 | €37 | €300 | +€263 | +705% |
| Financial charges | 65/66B | €946 | €778 | -€168 | -17.8% |
| Recurring financial charges | 65 | €946 | €778 | -€168 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €30,109 | €41,611 | +€11,501 | +38.2% |
| Income taxes | 67/77 | €7,175 | €11,981 | +€4,806 | +67.0% |
| Profit (loss) for the period | 9904 | €22,934 | €29,630 | +€6,696 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,934 | €29,630 | +€6,696 | +29.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.