Matthys: what changed
Two fiscal 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.
Matthys
Largest movements
- Cash -€68,281
down €68,281 (-48.1%), from €142,048 to €73,767
mainly Net result for the year (-€59,821) and Debts after one year (-€54,924)
- Tangible fixed assets -€50,280
down €50,280 (-7.1%), from €712,257 to €661,977
of which Plant, machinery and equipment: -€60,255
- Debts after one year -€54,924
down €54,924 (-15.5%), from €354,957 to €300,033
- Profit (loss) carried forward -€42,522
down €42,522 (-124.0%), from -€34,280 to -€76,802
- Reserves -€17,299
down €17,299 (-10.1%), from €171,189 to €153,891
of which Tax-exempt reserves: -€17,299
- Gross operating margin -€160,960
down €160,960 (-93.3%), from €172,535 to €11,575
- Financial charges -€5,900
down €5,900 (-82.4%), from €7,161 to €1,261
- Other operating charges -€2,287
down €2,287 (-13.8%), from €16,586 to €14,299
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €855,965 | €739,709 | -€116,256 | -13.6% |
| Fixed assets | 21/28 | €712,257 | €661,977 | -€50,280 | -7.1% |
| Tangible fixed assets | 22/27 | €712,257 | €661,977 | -€50,280 | -7.1% |
| Land and buildings | 22 | €15,884 | €25,859 | +€9,975 | +62.8% |
| Plant, machinery and equipment | 23 | €696,372 | €636,117 | -€60,255 | -8.7% |
| Current assets | 29/58 | €143,709 | €77,732 | -€65,977 | -45.9% |
| Amounts receivable within one year | 40/41 | €234 | €3,536 | +€3,302 | +1409.0% |
| Trade receivables | 40 | €99 | €3,201 | +€3,102 | +3129.5% |
| Other amounts receivable | 41 | €135 | €335 | +€200 | +147.7% |
| Cash at bank and in hand | 54/58 | €142,048 | €73,767 | -€68,281 | -48.1% |
| Deferred charges and accrued income | 490/1 | €1,427 | €429 | -€997 | -69.9% |
| Total equity and liabilities | 10/49 | €855,965 | €739,709 | -€116,256 | -13.6% |
| Equity | 10/15 | €391,380 | €331,559 | -€59,821 | -15.3% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,471 | €6,471 | = | 0.0% |
| Reserves | 13 | €171,189 | €153,891 | -€17,299 | -10.1% |
| Non-distributable reserves | 130/1 | €22,856 | €22,856 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,856 | €22,856 | = | 0.0% |
| Tax-exempt reserves | 132 | €145,855 | €128,556 | -€17,299 | -11.9% |
| Distributable reserves | 133 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,280 | -€76,802 | -€42,522 | -124.0% |
| Provisions and deferred taxes | 16 | €47,686 | €41,920 | -€5,766 | -12.1% |
| Deferred taxes | 168 | €47,686 | €41,920 | -€5,766 | -12.1% |
| Amounts payable | 17/49 | €416,899 | €366,230 | -€50,669 | -12.2% |
| Amounts payable after more than one year | 17 | €354,957 | €300,033 | -€54,924 | -15.5% |
| Financial debts | 170/4 | €354,957 | €300,033 | -€54,924 | -15.5% |
| Amounts payable within one year | 42/48 | €61,117 | €64,500 | +€3,383 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €58,552 | €54,924 | -€3,628 | -6.2% |
| Trade debts | 44 | €1,691 | €3,240 | +€1,549 | +91.6% |
| Suppliers | 440/4 | €1,691 | €3,240 | +€1,549 | +91.6% |
| Taxes, remuneration and social security | 45 | €402 | €2,839 | +€2,437 | +605.9% |
| Taxes | 450/3 | €402 | €2,839 | +€2,437 | +605.9% |
| Other amounts payable | 47/48 | €472 | €3,497 | +€3,025 | +640.9% |
| Accrued charges and deferred income | 492/3 | €825 | €1,697 | +€872 | +105.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,102 | €62,090 | -€13 | 0.0% |
| Other operating charges | 640/8 | €16,586 | €14,299 | -€2,287 | -13.8% |
| Gross operating margin | 9900 | €172,535 | €11,575 | -€160,960 | -93.3% |
| Operating profit (loss) | 9901 | €93,847 | -€64,813 | -€158,660 | |
| Financial income | 75/76B | €451 | €487 | +€36 | +8.0% |
| Recurring financial income | 75 | €451 | €487 | +€36 | +8.0% |
| Financial charges | 65/66B | €7,161 | €1,261 | -€5,900 | -82.4% |
| Recurring financial charges | 65 | €7,161 | €1,261 | -€5,900 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €87,137 | -€65,587 | -€152,724 | |
| Transfer from deferred taxes | 780 | €4,607 | €5,766 | +€1,159 | +25.2% |
| Transfer to deferred taxes | 680 | €23,189 | - | -€23,189 | |
| Profit (loss) for the period | 9904 | €68,555 | -€59,821 | -€128,376 | |
| Transfer from tax-exempt reserves | 789 | €13,820 | €17,299 | +€3,478 | +25.2% |
| Transfer to tax-exempt reserves | 689 | €69,566 | - | -€69,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,810 | -€42,522 | -€55,332 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.