MATTHOMLA: 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.
What changed
MATTHOMLA
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€71,179
2024 · -€54,031-€17,148
Equity
€782,942
2024 · €854,121-€71,179
Cash
€6,465
2024 · €20,382-€13,917
Balance sheet total
€2.4m
2024 · €2.5m-€54,713
Largest movements
Assets
- Tangible fixed assets -€38,963
down €38,963 (-1.7%), from €2.2m to €2.2m
of which Plant, machinery and equipment: -€20,392
Equity and liabilities
- Profit (loss) carried forward -€52,429
down €52,429 (-38.4%), from €136,695 to €84,266
- Debts after one year +€50,435
up €50,435 (+3.3%), from €1.5m to €1.6m
- Current portion of long-term debt -€28,031
down €28,031 (-73.6%), from €38,095 to €10,065
Income statement
- Gross operating margin -€74,021
down €74,021 (-42.2%), from €175,605 to €101,585
- Staff costs -€31,677
down €31,677 (-36.8%), from €86,177 to €54,500
- Financial charges -€18,326
down €18,326 (-28.5%), from €64,203 to €45,877
- Taxes -€9,811
down €9,811 (-97.9%), from €10,019 to €208
- Write-downs +€7,402
new in 2025: €7,402
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.
Result 2024
-€54,031
Gross operating margin
-€74,021
Staff costs
+€31,677
Depreciation
+€6,503
Write-downs
-€7,402
Other operating charges
-€2,486
Financial income
+€444
Financial charges
+€18,326
Taxes
+€9,811
Result 2025
-€71,179
Cash bridge derived
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.
From operations
-€16,780
Investment
-€19,542
Financing
+€22,405
Cash 2024
€20,382
From operations (derived)
-€16,780
Net result for the year
-€71,179
Depreciation
+€58,505
Receivables within one year
+€2,377
Deferred charges and accrued income
-€543
Trade debts
-€8,286
Tax, wage and social debts
+€6,034
Advances received
+€1,658
Accrued charges and deferred income
-€5,344
Investment (derived)
-€19,542
Investment in fixed assets (net)
-€19,542
Financing
+€22,405
Debts after one year
+€50,435
Current portion of long-term debt
-€28,031
Cash 2025
€6,465
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,456,248 | €2,401,535 | -€54,713 | -2.2% |
| Fixed assets | 21/28 | €2,231,319 | €2,192,357 | -€38,963 | -1.7% |
| Tangible fixed assets | 22/27 | €2,231,069 | €2,192,107 | -€38,963 | -1.7% |
| Land and buildings | 22 | €1,964,567 | €1,954,913 | -€9,654 | -0.5% |
| Plant, machinery and equipment | 23 | €250,194 | €229,803 | -€20,392 | -8.2% |
| Furniture and vehicles | 24 | €16,308 | €7,391 | -€8,917 | -54.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €224,928 | €209,178 | -€15,750 | -7.0% |
| Amounts receivable after more than one year | 29 | €137,052 | €137,052 | = | 0.0% |
| Other amounts receivable | 291 | €137,052 | €137,052 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,094 | €58,717 | -€2,377 | -3.9% |
| Trade receivables | 40 | €16,581 | €7,514 | -€9,066 | -54.7% |
| Other amounts receivable | 41 | €44,513 | €51,202 | +€6,689 | +15.0% |
| Cash at bank and in hand | 54/58 | €20,382 | €6,465 | -€13,917 | -68.3% |
| Deferred charges and accrued income | 490/1 | €6,401 | €6,944 | +€543 | +8.5% |
| Total equity and liabilities | 10/49 | €2,456,248 | €2,401,535 | -€54,713 | -2.2% |
| Equity | 10/15 | €854,121 | €782,942 | -€71,179 | -8.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €655,427 | €636,677 | -€18,750 | -2.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €0 | -€18,750 | -100.0% |
| Distributable reserves | 133 | €630,477 | €630,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,695 | €84,266 | -€52,429 | -38.4% |
| Amounts payable | 17/49 | €1,602,127 | €1,618,592 | +€16,466 | +1.0% |
| Amounts payable after more than one year | 17 | €1,526,065 | €1,576,500 | +€50,435 | +3.3% |
| Financial debts | 170/4 | €1,526,065 | €1,576,500 | +€50,435 | +3.3% |
| Amounts payable within one year | 42/48 | €70,718 | €42,092 | -€28,625 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €38,095 | €10,065 | -€28,031 | -73.6% |
| Trade debts | 44 | €19,643 | €11,357 | -€8,286 | -42.2% |
| Suppliers | 440/4 | €19,643 | €11,357 | -€8,286 | -42.2% |
| Advances received on contracts in progress | 46 | - | €1,658 | +€1,658 | |
| Taxes, remuneration and social security | 45 | €12,979 | €19,013 | +€6,034 | +46.5% |
| Taxes | 450/3 | €3,101 | €10,045 | +€6,944 | +223.9% |
| Remuneration and social security | 454/9 | €9,878 | €8,968 | -€910 | -9.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €5,344 | €0 | -€5,344 | -100.0% |
| Non-recurring operating income | 76A | - | €542 | +€542 | |
| Remuneration, social security and pensions | 62 | €86,177 | €54,500 | -€31,677 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,008 | €58,505 | -€6,503 | -10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,402 | +€7,402 | |
| Other operating charges | 640/8 | €8,981 | €11,467 | +€2,486 | +27.7% |
| Gross operating margin | 9900 | €175,605 | €101,585 | -€74,021 | -42.2% |
| Operating profit (loss) | 9901 | €15,440 | -€30,289 | -€45,729 | |
| Financial income | 75/76B | €4,751 | €5,195 | +€444 | +9.3% |
| Recurring financial income | 75 | €4,751 | €5,195 | +€444 | +9.3% |
| Financial charges | 65/66B | €64,203 | €45,877 | -€18,326 | -28.5% |
| Recurring financial charges | 65 | €64,203 | €45,877 | -€18,326 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,012 | -€70,971 | -€26,959 | -61.3% |
| Income taxes | 67/77 | €10,019 | €208 | -€9,811 | -97.9% |
| Profit (loss) for the period | 9904 | -€54,031 | -€71,179 | -€17,148 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,031 | -€71,179 | -€17,148 | -31.7% |
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 9 October 2026 via checked.be.