MATTHYS-DECLOEDT: 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-DECLOEDT
Largest movements
- Cash -€81,473
down €81,473 (-71.2%), from €114,499 to €33,026
mainly Current investments (-€60,000) and Other debts (-€23,714)
- Current investments +€60,000
new in 2025: €60,000
- Tangible fixed assets -€16,322
down €16,322 (-10.4%), from €156,556 to €140,234
of which Furniture and vehicles: -€9,109
- Other debts -€23,714
down €23,714 (-100%), from €23,714 to €0
- Reserves +€13,670
up €13,670 (+7.2%), from €189,144 to €202,814
of which Distributable reserves: +€14,068
- Debts after one year -€12,185
down €12,185 (-25.2%), from €48,387 to €36,202
- Trade debts -€8,769
down €8,769 (-63.6%), from €13,783 to €5,014
- Current portion of long-term debt -€8,617
down €8,617 (-41.4%), from €20,803 to €12,185
- Gross operating margin +€12,908
up €12,908 (+44.3%), from €29,148 to €42,056
- Taxes +€3,439
up €3,439 (+127%), from €2,712 to €6,150
- Depreciation -€1,732
down €1,732 (-9.8%), from €17,596 to €15,864
- Other operating charges +€866
up €866 (+33.4%), from €2,592 to €3,457
- Write-downs +€751
new in 2025: €751
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 | €319,040 | €279,843 | -€39,197 | -12.3% |
| Fixed assets | 21/28 | €156,556 | €140,234 | -€16,322 | -10.4% |
| Tangible fixed assets | 22/27 | €156,556 | €140,234 | -€16,322 | -10.4% |
| Land and buildings | 22 | €146,027 | €139,771 | -€6,256 | -4.3% |
| Plant, machinery and equipment | 23 | €1,300 | €343 | -€957 | -73.7% |
| Furniture and vehicles | 24 | €9,229 | €120 | -€9,109 | -98.7% |
| Current assets | 29/58 | €162,484 | €139,610 | -€22,874 | -14.1% |
| Stocks and contracts in progress | 3 | €9,000 | €9,000 | = | 0.0% |
| Stocks | 30/36 | €9,000 | €9,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,310 | €34,017 | +€708 | +2.1% |
| Trade receivables | 40 | €12,742 | €22,766 | +€10,024 | +78.7% |
| Other amounts receivable | 41 | €20,568 | €11,252 | -€9,316 | -45.3% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €114,499 | €33,026 | -€81,473 | -71.2% |
| Deferred charges and accrued income | 490/1 | €5,676 | €3,567 | -€2,110 | -37.2% |
| Total equity and liabilities | 10/49 | €319,040 | €279,843 | -€39,197 | -12.3% |
| Equity | 10/15 | €207,736 | €221,406 | +€13,670 | +6.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €189,144 | €202,814 | +€13,670 | +7.2% |
| Tax-exempt reserves | 132 | €398 | €0 | -€398 | -100% |
| Distributable reserves | 133 | €188,746 | €202,814 | +€14,068 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €99 | €0 | -€99 | -100% |
| Deferred taxes | 168 | €99 | €0 | -€99 | -100% |
| Amounts payable | 17/49 | €111,205 | €58,438 | -€52,768 | -47.5% |
| Amounts payable after more than one year | 17 | €48,387 | €36,202 | -€12,185 | -25.2% |
| Financial debts | 170/4 | €48,387 | €36,202 | -€12,185 | -25.2% |
| Amounts payable within one year | 42/48 | €62,138 | €22,235 | -€39,902 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €20,803 | €12,185 | -€8,617 | -41.4% |
| Trade debts | 44 | €13,783 | €5,014 | -€8,769 | -63.6% |
| Suppliers | 440/4 | €13,783 | €5,014 | -€8,769 | -63.6% |
| Taxes, remuneration and social security | 45 | €3,838 | €5,036 | +€1,198 | +31.2% |
| Taxes | 450/3 | €2,088 | €2,736 | +€648 | +31.0% |
| Remuneration and social security | 454/9 | €1,750 | €2,300 | +€550 | +31.4% |
| Other amounts payable | 47/48 | €23,714 | €0 | -€23,714 | -100% |
| Accrued charges and deferred income | 492/3 | €680 | €0 | -€680 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,596 | €15,864 | -€1,732 | -9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €751 | +€751 | |
| Other operating charges | 640/8 | €2,592 | €3,457 | +€866 | +33.4% |
| Non-recurring operating charges | 66A | - | €458 | +€458 | |
| Gross operating margin | 9900 | €29,148 | €42,056 | +€12,908 | +44.3% |
| Operating profit (loss) | 9901 | €8,960 | €21,525 | +€12,565 | +140% |
| Financial income | 75/76B | €537 | €542 | +€6 | +1.1% |
| Recurring financial income | 75 | €537 | €542 | +€6 | +1.1% |
| Financial charges | 65/66B | €2,742 | €2,347 | -€395 | -14.4% |
| Recurring financial charges | 65 | €2,742 | €2,347 | -€395 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €6,755 | €19,721 | +€12,965 | +192% |
| Transfer from deferred taxes | 780 | €115 | €99 | -€16 | -13.7% |
| Income taxes | 67/77 | €2,712 | €6,150 | +€3,439 | +127% |
| Profit (loss) for the period | 9904 | €4,159 | €13,670 | +€9,511 | +229% |
| Transfer from tax-exempt reserves | 789 | €461 | €398 | -€63 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,619 | €14,068 | +€9,448 | +205% |
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 17 October 2026 via checked.be.