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
€375,875
2024 · €124,141+€251,734
Equity
€3.2m
2024 · €3.1m+€125,875
Cash
€1.5m
2024 · €1.5m-€7,541
Balance sheet total
€8.5m
2024 · €6.7m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.2m
up €1.2m (+101.9%), from €1.1m to €2.3m
of which Trade receivables: +€643,408
- Tangible fixed assets +€738,687
up €738,687 (+26.2%), from €2.8m to €3.6m
of which Leasing and similar rights: +€423,698
- Stocks and contracts -€98,628
down €98,628 (-10.6%), from €931,168 to €832,540
of which Contracts in progress: -€78,423
Equity and liabilities
- Debts after one year +€633,559
up €633,559 (+44.5%), from €1.4m to €2.1m
- Advances received +€328,959
up €328,959 (+252.9%), from €130,057 to €459,016
- Trade debts +€308,916
up €308,916 (+24.8%), from €1.2m to €1.6m
- Other debts +€137,000
up €137,000 (+113.3%), from €120,875 to €257,875
- Current portion of long-term debt +€134,891
up €134,891 (+62.2%), from €217,024 to €351,915
Income statement
- Turnover +€465,084
up €465,084 (+3.3%), from €14.0m to €14.4m
- Services and other goods +€146,302
up €146,302 (+13.2%), from €1.1m to €1.3m
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
€124,141
Turnover
+€465,084
Other operating income
-€5,285
Goods and materials
-€88,577
Services and other goods
-€146,302
Staff costs
+€96,384
Depreciation
-€129,856
Write-downs
-€14,540
Other operating charges
+€1,494
Other operating items
+€105,930
Financial income
+€4,860
Financial charges
-€300
Taxes
-€36,707
Deferred taxes and other
-€453
Result 2025
€375,875
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
+€653,865
Investment
-€1.2m
Financing
+€518,450
Cash 2024
€1.5m
From operations (derived)
+€653,865
Net result for the year
+€375,875
Depreciation
+€470,993
Stocks and contracts
+€98,628
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€8,349
Provisions
-€114
Trade debts
+€308,916
Tax, wage and social debts
+€84,472
Advances received
+€328,959
Other debts
+€137,000
Accrued charges and deferred income
+€29,880
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€518,450
Debts after one year
+€633,559
Current portion of long-term debt
+€134,891
Contributions, distributions and other
-€250,000
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,702,152 | €8,485,588 | +€1.8m | +26.6% |
| Fixed assets | 21/28 | €3,049,491 | €3,758,353 | +€708,862 | +23.2% |
| Intangible fixed assets | 21 | €231,104 | €201,279 | -€29,825 | -12.9% |
| Tangible fixed assets | 22/27 | €2,818,387 | €3,557,073 | +€738,687 | +26.2% |
| Land and buildings | 22 | €2,125,273 | €2,003,299 | -€121,974 | -5.7% |
| Plant, machinery and equipment | 23 | €345,331 | €750,599 | +€405,268 | +117.4% |
| Furniture and vehicles | 24 | €347,783 | €379,477 | +€31,694 | +9.1% |
| Leasing and similar rights | 25 | - | €423,698 | +€423,698 | |
| Current assets | 29/58 | €3,652,662 | €4,727,236 | +€1.1m | +29.4% |
| Stocks and contracts in progress | 3 | €931,168 | €832,540 | -€98,628 | -10.6% |
| Stocks | 30/36 | €763,640 | €743,435 | -€20,205 | -2.6% |
| Raw materials and consumables | 30/31 | €763,640 | €743,435 | -€20,205 | -2.6% |
| Contracts in progress | 37 | €167,527 | €89,105 | -€78,423 | -46.8% |
| Amounts receivable within one year | 40/41 | €1,149,990 | €2,322,384 | +€1.2m | +101.9% |
| Trade receivables | 40 | €1,106,214 | €1,749,622 | +€643,408 | +58.2% |
| Other amounts receivable | 41 | €43,776 | €572,762 | +€528,986 | +1208.4% |
| Cash at bank and in hand | 54/58 | €1,487,560 | €1,480,019 | -€7,541 | -0.5% |
| Deferred charges and accrued income | 490/1 | €83,944 | €92,293 | +€8,349 | +9.9% |
| Total equity and liabilities | 10/49 | €6,702,152 | €8,485,588 | +€1.8m | +26.6% |
| Equity | 10/15 | €3,068,740 | €3,194,615 | +€125,875 | +4.1% |
| Contributions | 10/11 | €1,256,700 | €1,256,700 | = | 0.0% |
| Reserves | 13 | €1,812,040 | €1,937,915 | +€125,875 | +6.9% |
| Tax-exempt reserves | 132 | €123,688 | €122,719 | -€969 | -0.8% |
| Distributable reserves | 133 | €1,688,353 | €1,815,196 | +€126,843 | +7.5% |
| Provisions and deferred taxes | 16 | €180,607 | €180,492 | -€114 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €177,586 | €177,586 | = | 0.0% |
| Major repairs and maintenance | 162 | €150,000 | €150,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €27,586 | €27,586 | = | 0.0% |
| Deferred taxes | 168 | €3,021 | €2,906 | -€114 | -3.8% |
| Amounts payable | 17/49 | €3,452,805 | €5,110,481 | +€1.7m | +48.0% |
| Amounts payable after more than one year | 17 | €1,423,724 | €2,057,282 | +€633,559 | +44.5% |
| Financial debts | 170/4 | €1,423,724 | €2,057,282 | +€633,559 | +44.5% |
| Leasing and similar obligations | 172 | - | €384,038 | +€384,038 | |
| Credit institutions | 173 | €1,273,724 | €1,523,245 | +€249,521 | +19.6% |
| Other loans | 174 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,029,082 | €3,023,319 | +€994,237 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €217,024 | €351,915 | +€134,891 | +62.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,245,173 | €1,554,088 | +€308,916 | +24.8% |
| Suppliers | 440/4 | €1,245,173 | €1,554,088 | +€308,916 | +24.8% |
| Advances received on contracts in progress | 46 | €130,057 | €459,016 | +€328,959 | +252.9% |
| Taxes, remuneration and social security | 45 | €315,953 | €400,425 | +€84,472 | +26.7% |
| Taxes | 450/3 | €97,077 | €164,917 | +€67,840 | +69.9% |
| Remuneration and social security | 454/9 | €218,876 | €235,508 | +€16,632 | +7.6% |
| Other amounts payable | 47/48 | €120,875 | €257,875 | +€137,000 | +113.3% |
| Accrued charges and deferred income | 492/3 | - | €29,880 | +€29,880 | |
| Operating income | 70/76A | €13,822,146 | €14,387,875 | +€565,729 | +4.1% |
| Turnover | 70 | €13,984,045 | €14,449,129 | +€465,084 | +3.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€184,353 | -€78,423 | +€105,930 | +57.5% |
| Other operating income | 74 | €22,453 | €17,168 | -€5,285 | -23.5% |
| Operating charges | 60/66A | €13,701,635 | €13,983,031 | +€281,396 | +2.1% |
| Goods for resale, raw materials and consumables | 60 | €10,960,924 | €11,049,501 | +€88,577 | +0.8% |
| Purchases | 600/8 | €10,782,999 | €11,029,296 | +€246,296 | +2.3% |
| Change in stocks: decrease (increase) | 609 | €177,925 | €20,205 | -€157,720 | -88.6% |
| Services and other goods | 61 | €1,109,419 | €1,255,721 | +€146,302 | +13.2% |
| Remuneration, social security and pensions | 62 | €1,248,372 | €1,151,988 | -€96,384 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,138 | €470,993 | +€129,856 | +38.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,540 | +€14,540 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €41,782 | €40,288 | -€1,494 | -3.6% |
| Operating profit (loss) | 9901 | €120,511 | €404,844 | +€284,333 | +235.9% |
| Financial income | 75/76B | €45,259 | €50,119 | +€4,860 | +10.7% |
| Recurring financial income | 75 | €45,259 | €50,119 | +€4,860 | +10.7% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €45,259 | €50,119 | +€4,860 | +10.7% |
| Financial charges | 65/66B | €28,729 | €29,029 | +€300 | +1.0% |
| Recurring financial charges | 65 | €28,729 | €29,029 | +€300 | +1.0% |
| Debt charges | 650 | €27,300 | €29,028 | +€1,728 | +6.3% |
| Other financial charges | 652/9 | €1,429 | €1 | -€1,428 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | €137,040 | €425,934 | +€288,893 | +210.8% |
| Transfer from deferred taxes | 780 | €567 | €114 | -€453 | -79.8% |
| Income taxes | 67/77 | €13,467 | €50,174 | +€36,707 | +272.6% |
| Taxes | 670/3 | €14,122 | €50,174 | +€36,052 | +255.3% |
| Tax adjustments and reversals of tax provisions | 77 | €655 | €0 | -€655 | -100.0% |
| Profit (loss) for the period | 9904 | €124,141 | €375,875 | +€251,734 | +202.8% |
| Transfer from tax-exempt reserves | 789 | €1,076 | €969 | -€108 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,217 | €376,843 | +€251,626 | +201.0% |
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 5 October 2026 via checked.be.