Matthys Charlotte: 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 Charlotte
Largest movements
- Current investments +€585,000
new in 2025: €585,000
- Cash -€346,061
down €346,061 (-30.0%), from €1.2m to €806,750
mainly Current investments (-€585,000) and Investment in fixed assets (net) (-€70,622)
- Deferred charges and accrued income +€65,187
up €65,187 (+97.7%), from €66,717 to €131,904
- Tangible fixed assets +€46,211
up €46,211 (+109%), from €42,444 to €88,655
of which Leasing and similar rights: +€54,612
- Reserves +€336,644
up €336,644 (+27.2%), from €1.2m to €1.6m
- Debts after one year +€42,043
new in 2025: €42,043
- Other debts -€35,870
no longer reported in 2025 (was €35,870)
- Gross operating margin -€23,941
down €23,941 (-4.1%), from €589,376 to €565,435
- Taxes -€12,149
down €12,149 (-6.6%), from €184,297 to €172,148
- Depreciation +€11,148
up €11,148 (+84.1%), from €13,263 to €24,411
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 | €1,289,356 | €1,647,867 | +€358,511 | +27.8% |
| Fixed assets | 21/28 | €42,444 | €88,655 | +€46,211 | +109% |
| Tangible fixed assets | 22/27 | €42,444 | €88,655 | +€46,211 | +109% |
| Land and buildings | 22 | €28,276 | €21,552 | -€6,724 | -23.8% |
| Plant, machinery and equipment | 23 | €1,087 | €2,647 | +€1,559 | +143% |
| Furniture and vehicles | 24 | €13,081 | €9,844 | -€3,236 | -24.7% |
| Leasing and similar rights | 25 | - | €54,612 | +€54,612 | |
| Current assets | 29/58 | €1,246,912 | €1,559,212 | +€312,300 | +25.0% |
| Amounts receivable within one year | 40/41 | €27,384 | €35,558 | +€8,174 | +29.9% |
| Other amounts receivable | 41 | €27,384 | €35,558 | +€8,174 | +29.9% |
| Current investments | 50/53 | - | €585,000 | +€585,000 | |
| Cash at bank and in hand | 54/58 | €1,152,811 | €806,750 | -€346,061 | -30.0% |
| Deferred charges and accrued income | 490/1 | €66,717 | €131,904 | +€65,187 | +97.7% |
| Total equity and liabilities | 10/49 | €1,289,356 | €1,647,867 | +€358,511 | +27.8% |
| Equity | 10/15 | €1,248,448 | €1,585,092 | +€336,644 | +27.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,236,048 | €1,572,692 | +€336,644 | +27.2% |
| Distributable reserves | 133 | €1,236,048 | €1,572,692 | +€336,644 | +27.2% |
| Amounts payable | 17/49 | €40,908 | €62,775 | +€21,867 | +53.5% |
| Amounts payable after more than one year | 17 | - | €42,043 | +€42,043 | |
| Financial debts | 170/4 | - | €42,043 | +€42,043 | |
| Amounts payable within one year | 42/48 | €40,176 | €20,732 | -€19,445 | -48.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,949 | +€12,949 | |
| Trade debts | 44 | €1,330 | €1,581 | +€250 | +18.8% |
| Suppliers | 440/4 | €1,330 | €1,581 | +€250 | +18.8% |
| Taxes, remuneration and social security | 45 | €2,977 | €6,203 | +€3,226 | +108% |
| Taxes | 450/3 | €2,977 | €6,203 | +€3,226 | +108% |
| Other amounts payable | 47/48 | €35,870 | - | -€35,870 | |
| Accrued charges and deferred income | 492/3 | €732 | - | -€732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,263 | €24,411 | +€11,148 | +84.1% |
| Other operating charges | 640/8 | €840 | €1,351 | +€512 | +60.9% |
| Gross operating margin | 9900 | €589,376 | €565,435 | -€23,941 | -4.1% |
| Operating profit (loss) | 9901 | €575,274 | €539,672 | -€35,601 | -6.2% |
| Financial income | 75/76B | €16,465 | €12,799 | -€3,666 | -22.3% |
| Recurring financial income | 75 | €16,465 | €12,799 | -€3,666 | -22.3% |
| Financial charges | 65/66B | €1,336 | €1,609 | +€273 | +20.4% |
| Recurring financial charges | 65 | €1,336 | €1,609 | +€273 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €590,403 | €550,862 | -€39,540 | -6.7% |
| Income taxes | 67/77 | €184,297 | €172,148 | -€12,149 | -6.6% |
| Profit (loss) for the period | 9904 | €406,105 | €378,714 | -€27,391 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €406,105 | €378,714 | -€27,391 | -6.7% |
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 30 October 2026 via checked.be.