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.
What changed
MATTHYS
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€989,279
2024 · €557,561+€431,718
Equity
€5.9m
2024 · €5.3m+€676,422
Cash
€1.6m
2024 · €2.0m-€368,354
Balance sheet total
€20.0m
2024 · €19.6m+€420,265
Largest movements
Assets
- Current investments +€2.0m
up €2.0m (+237.3%), from €842,816 to €2.8m
- Receivables within one year -€1.2m
down €1.2m (-20.6%), from €5.8m to €4.6m
of which Trade receivables: -€1.4m
- Tangible fixed assets -€575,547
down €575,547 (-6.1%), from €9.4m to €8.8m
of which Plant, machinery and equipment: -€367,998
- Stocks and contracts +€513,956
up €513,956 (+36.0%), from €1.4m to €1.9m
of which Contracts in progress: +€468,480
- Cash -€368,354
down €368,354 (-18.5%), from €2.0m to €1.6m
mainly Advances received (-€2.6m) and Current investments (-€2.0m)
Equity and liabilities
- Advances received -€2.6m
down €2.6m (-26.8%), from €9.6m to €7.1m
- Trade debts +€2.4m
up €2.4m (+94.8%), from €2.5m to €4.9m
- Profit (loss) carried forward +€689,279
up €689,279 (+17.3%), from €4.0m to €4.7m
- Debts after one year -€244,500
down €244,500 (-20.7%), from €1.2m to €936,542
Income statement
- Turnover +€5.7m
up €5.7m (+42.8%), from €13.4m to €19.1m
- Goods and materials +€4.7m
up €4.7m (+50.9%), from €9.3m to €14.0m
of which Purchases: +€4.9m
- Services and other goods +€311,802
up €311,802 (+10.1%), from €3.1m to €3.4m
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
€557,561
Turnover
+€5.7m
Other operating income
+€36,635
Goods and materials
-€4.7m
Services and other goods
-€311,802
Staff costs
-€85,841
Depreciation
-€43,344
Write-downs
-€7,953
Provisions
-€139,218
Other operating charges
-€35,823
Other operating items
+€62,041
Financial income
+€41,284
Financial charges
+€4,694
Taxes
-€97,608
Result 2025
€989,279
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
+€2.7m
Investment
-€2.5m
Financing
-€557,357
Cash 2024
€2.0m
From operations (derived)
+€2.7m
Net result for the year
+€989,279
Depreciation
+€1.1m
Stocks and contracts
-€513,956
Receivables within one year
+€1.2m
Deferred charges and accrued income
-€9,511
Provisions
+€51,650
Trade debts
+€2.4m
Tax, wage and social debts
-€30,763
Advances received
-€2.6m
Other debts
+€163,292
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€512,562
Current investments
-€2.0m
Financing
-€557,357
Debts after one year
-€244,500
Contributions, distributions and other
-€312,857
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,619,668 | €20,039,933 | +€420,265 | +2.1% |
| Fixed assets | 21/28 | €9,520,119 | €8,982,669 | -€537,451 | -5.6% |
| Tangible fixed assets | 22/27 | €9,367,043 | €8,791,496 | -€575,547 | -6.1% |
| Land and buildings | 22 | €5,067,239 | €5,014,419 | -€52,820 | -1.0% |
| Plant, machinery and equipment | 23 | €3,740,879 | €3,372,880 | -€367,998 | -9.8% |
| Furniture and vehicles | 24 | €558,925 | €404,197 | -€154,728 | -27.7% |
| Financial fixed assets | 28 | €153,076 | €191,173 | +€38,096 | +24.9% |
| Companies linked by participating interests | 282/3 | €0 | - | = | |
| Participating interests | 282 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €153,076 | €191,173 | +€38,096 | +24.9% |
| Shares | 284 | €152,000 | €190,096 | +€38,096 | +25.1% |
| Amounts receivable and cash guarantees | 285/8 | €1,076 | €1,076 | = | 0.0% |
| Current assets | 29/58 | €10,099,549 | €11,057,265 | +€957,715 | +9.5% |
| Stocks and contracts in progress | 3 | €1,425,965 | €1,939,921 | +€513,956 | +36.0% |
| Stocks | 30/36 | €1,056,319 | €1,101,794 | +€45,476 | +4.3% |
| Raw materials and consumables | 30/31 | €1,056,319 | €1,101,794 | +€45,476 | +4.3% |
| Contracts in progress | 37 | €369,646 | €838,126 | +€468,480 | +126.7% |
| Amounts receivable within one year | 40/41 | €5,817,913 | €4,620,921 | -€1.2m | -20.6% |
| Trade receivables | 40 | €5,675,241 | €4,283,685 | -€1.4m | -24.5% |
| Other amounts receivable | 41 | €142,671 | €337,237 | +€194,565 | +136.4% |
| Current investments | 50/53 | €842,816 | €2,842,410 | +€2.0m | +237.3% |
| Other investments | 51/53 | €842,816 | €2,842,410 | +€2.0m | +237.3% |
| Cash at bank and in hand | 54/58 | €1,992,620 | €1,624,265 | -€368,354 | -18.5% |
| Deferred charges and accrued income | 490/1 | €20,236 | €29,747 | +€9,511 | +47.0% |
| Total equity and liabilities | 10/49 | €19,619,668 | €20,039,933 | +€420,265 | +2.1% |
| Equity | 10/15 | €5,271,168 | €5,947,591 | +€676,422 | +12.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €710,000 | €710,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €660,000 | €660,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,983,580 | €4,672,860 | +€689,279 | +17.3% |
| Investment grants | 15 | €77,588 | €64,731 | -€12,857 | -16.6% |
| Provisions and deferred taxes | 16 | €120,655 | €172,306 | +€51,650 | +42.8% |
| Provisions for liabilities and charges | 160/5 | €120,655 | €172,306 | +€51,650 | +42.8% |
| Other liabilities and charges | 164/5 | €120,655 | €172,306 | +€51,650 | +42.8% |
| Amounts payable | 17/49 | €14,227,845 | €13,920,037 | -€307,808 | -2.2% |
| Amounts payable after more than one year | 17 | €1,181,042 | €936,542 | -€244,500 | -20.7% |
| Financial debts | 170/4 | €1,181,042 | €936,542 | -€244,500 | -20.7% |
| Credit institutions | 173 | €1,181,042 | €936,542 | -€244,500 | -20.7% |
| Amounts payable within one year | 42/48 | €13,046,803 | €12,983,495 | -€63,308 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €244,500 | €244,500 | = | 0.0% |
| Trade debts | 44 | €2,520,273 | €4,910,721 | +€2.4m | +94.8% |
| Suppliers | 440/4 | €2,520,273 | €4,910,721 | +€2.4m | +94.8% |
| Advances received on contracts in progress | 46 | €9,642,714 | €7,056,430 | -€2.6m | -26.8% |
| Taxes, remuneration and social security | 45 | €461,429 | €430,666 | -€30,763 | -6.7% |
| Taxes | 450/3 | €139,369 | €67,139 | -€72,229 | -51.8% |
| Remuneration and social security | 454/9 | €322,061 | €363,527 | +€41,466 | +12.9% |
| Other amounts payable | 47/48 | €177,887 | €341,179 | +€163,292 | +91.8% |
| Operating income | 70/76A | €16,799,902 | €22,633,328 | +€5.8m | +34.7% |
| Turnover | 70 | €13,406,153 | €19,145,079 | +€5.7m | +42.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,780,785 | €2,818,146 | +€37,361 | +1.3% |
| Other operating income | 74 | €605,250 | €641,884 | +€36,635 | +6.1% |
| Non-recurring operating income | 76A | €7,715 | €28,218 | +€20,503 | +265.8% |
| Operating charges | 60/66A | €16,096,412 | €21,446,489 | +€5.4m | +33.2% |
| Goods for resale, raw materials and consumables | 60 | €9,297,828 | €14,028,101 | +€4.7m | +50.9% |
| Purchases | 600/8 | €9,164,214 | €14,073,577 | +€4.9m | +53.6% |
| Change in stocks: decrease (increase) | 609 | €133,614 | -€45,476 | -€179,090 | |
| Services and other goods | 61 | €3,077,502 | €3,389,303 | +€311,802 | +10.1% |
| Remuneration, social security and pensions | 62 | €2,727,920 | €2,813,760 | +€85,841 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,006,669 | €1,050,013 | +€43,344 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,006 | -€4,054 | +€7,953 | +66.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€87,567 | €51,650 | +€139,218 | |
| Other operating charges | 640/8 | €81,891 | €117,714 | +€35,823 | +43.7% |
| Non-recurring operating charges | 66A | €4,176 | €0 | -€4,176 | -100.0% |
| Operating profit (loss) | 9901 | €703,490 | €1,186,838 | +€483,348 | +68.7% |
| Financial income | 75/76B | €88,075 | €129,359 | +€41,284 | +46.9% |
| Recurring financial income | 75 | €88,075 | €129,359 | +€41,284 | +46.9% |
| Income from current assets | 751 | €12,716 | €74,052 | +€61,337 | +482.4% |
| Other financial income | 752/9 | €75,359 | €55,307 | -€20,053 | -26.6% |
| Financial charges | 65/66B | €108,289 | €103,595 | -€4,694 | -4.3% |
| Recurring financial charges | 65 | €108,289 | €103,595 | -€4,694 | -4.3% |
| Debt charges | 650 | €59,188 | €49,034 | -€10,153 | -17.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€16,079 | €406 | +€16,485 | |
| Other financial charges | 652/9 | €65,180 | €54,155 | -€11,026 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €683,276 | €1,212,603 | +€529,327 | +77.5% |
| Income taxes | 67/77 | €125,715 | €223,323 | +€97,608 | +77.6% |
| Taxes | 670/3 | €125,715 | €223,323 | +€97,608 | +77.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €557,561 | €989,279 | +€431,718 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €557,561 | €989,279 | +€431,718 | +77.4% |
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 7 October 2026 via checked.be.