MATTHYS: 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.
MATTHYS
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+46.7%), from €2.7m to €4.0m
of which Land and buildings: +€1.3m
- Receivables within one year -€150,204
down €150,204 (-22.1%), from €680,524 to €530,320
of which Other amounts receivable: -€137,187
- Cash -€121,094
down €121,094 (-89.2%), from €135,733 to €14,639
mainly Investment in fixed assets (net) (-€1.4m) and Net result for the year (-€79,287)
- Other debts +€826,747
up €826,747 (+37.4%), from €2.2m to €3.0m
- Debts after one year +€173,278
up €173,278 (+62.9%), from €275,341 to €448,619
- Profit (loss) carried forward -€79,287
down €79,287 (-26.1%), from €304,005 to €224,718
- Provisions -€286,083
no longer reported in 2025 (was €286,083)
- Gross operating margin -€91,761
down €91,761 (-27.5%), from €333,104 to €241,344
- Write-downs +€20,946
new in 2025: €20,946
- Financial charges +€14,299
up €14,299 (+31.2%), from €45,827 to €60,125
- Staff costs +€11,516
up €11,516 (+49.7%), from €23,158 to €34,674
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 | €3,540,326 | €4,516,445 | +€976,119 | +27.6% |
| Fixed assets | 21/28 | €2,697,226 | €3,955,393 | +€1.3m | +46.6% |
| Tangible fixed assets | 22/27 | €2,693,465 | €3,951,632 | +€1.3m | +46.7% |
| Land and buildings | 22 | €2,362,996 | €3,653,359 | +€1.3m | +54.6% |
| Furniture and vehicles | 24 | €4,225 | €1,005 | -€3,220 | -76.2% |
| Other tangible fixed assets | 26 | €326,244 | €297,267 | -€28,977 | -8.9% |
| Financial fixed assets | 28 | €3,761 | €3,761 | = | 0.0% |
| Current assets | 29/58 | €843,100 | €561,052 | -€282,048 | -33.5% |
| Amounts receivable within one year | 40/41 | €680,524 | €530,320 | -€150,204 | -22.1% |
| Trade receivables | 40 | €90,278 | €77,261 | -€13,017 | -14.4% |
| Other amounts receivable | 41 | €590,246 | €453,059 | -€137,187 | -23.2% |
| Current investments | 50/53 | €151 | - | -€151 | |
| Cash at bank and in hand | 54/58 | €135,733 | €14,639 | -€121,094 | -89.2% |
| Deferred charges and accrued income | 490/1 | €26,692 | €16,093 | -€10,599 | -39.7% |
| Total equity and liabilities | 10/49 | €3,540,326 | €4,516,445 | +€976,119 | +27.6% |
| Equity | 10/15 | €644,859 | €565,572 | -€79,287 | -12.3% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €30,987 | €30,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,987 | €30,987 | = | 0.0% |
| Legal reserve | 130 | €30,987 | €30,987 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,005 | €224,718 | -€79,287 | -26.1% |
| Provisions and deferred taxes | 16 | €286,083 | €286,083 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €286,083 | €286,083 | = | 0.0% |
| Other liabilities and charges | 164/5 | €286,083 | €286,083 | = | 0.0% |
| Amounts payable | 17/49 | €2,609,384 | €3,664,790 | +€1.1m | +40.4% |
| Amounts payable after more than one year | 17 | €275,341 | €448,619 | +€173,278 | +62.9% |
| Financial debts | 170/4 | €275,341 | €448,619 | +€173,278 | +62.9% |
| Amounts payable within one year | 42/48 | €2,309,839 | €3,181,232 | +€871,394 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | €27,673 | €68,919 | +€41,246 | +149% |
| Trade debts | 44 | €36,125 | €53,455 | +€17,330 | +48.0% |
| Suppliers | 440/4 | €36,125 | €53,455 | +€17,330 | +48.0% |
| Taxes, remuneration and social security | 45 | €34,941 | €21,013 | -€13,929 | -39.9% |
| Taxes | 450/3 | €30,942 | €14,084 | -€16,858 | -54.5% |
| Remuneration and social security | 454/9 | €3,999 | €6,928 | +€2,929 | +73.2% |
| Other amounts payable | 47/48 | €2,211,099 | €3,037,846 | +€826,747 | +37.4% |
| Accrued charges and deferred income | 492/3 | €24,205 | €34,938 | +€10,733 | +44.3% |
| Remuneration, social security and pensions | 62 | €23,158 | €34,674 | +€11,516 | +49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €193,278 | €189,106 | -€4,171 | -2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,946 | +€20,946 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €286,083 | - | -€286,083 | |
| Other operating charges | 640/8 | €27,003 | €30,900 | +€3,897 | +14.4% |
| Gross operating margin | 9900 | €333,104 | €241,344 | -€91,761 | -27.5% |
| Operating profit (loss) | 9901 | -€196,416 | -€34,282 | +€162,135 | +82.5% |
| Financial income | 75/76B | €26,692 | €15,572 | -€11,120 | -41.7% |
| Recurring financial income | 75 | €26,692 | €15,572 | -€11,120 | -41.7% |
| Financial charges | 65/66B | €45,827 | €60,125 | +€14,299 | +31.2% |
| Recurring financial charges | 65 | €45,827 | €60,125 | +€14,299 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | -€215,550 | -€78,835 | +€136,716 | +63.4% |
| Income taxes | 67/77 | €377 | €452 | +€75 | +20.0% |
| Profit (loss) for the period | 9904 | -€215,927 | -€79,287 | +€136,640 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€215,927 | -€79,287 | +€136,640 | +63.3% |
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 20 October 2026 via checked.be.