Matthys Nick: what changed
Matthys Nick
Largest movements
- Cash +€200,460
up €200,460 (+1,339%), from €14,976 to €215,435
mainly Current investments (+€125,000) and Net result for the year (+€55,530)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year -€20,448
down €20,448 (-84.3%), from €24,251 to €3,803
of which Trade receivables: -€19,603
- Tangible fixed assets -€8,470
down €8,470 (-42.4%), from €19,956 to €11,486
of which Furniture and vehicles: -€7,618
- Reserves +€55,530
up €55,530 (+32.7%), from €169,712 to €225,243
- Trade debts -€8,234
down €8,234 (-91.2%), from €9,027 to €794
- Gross operating margin +€21,272
up €21,272 (+32.4%), from €65,691 to €86,963
- Taxes +€8,759
up €8,759 (+47.3%), from €18,538 to €27,297
- Financial income +€5,778
up €5,778 (+11,614%), from €50 to €5,828
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,589 | €232,909 | +€46,320 | +24.8% |
| Fixed assets | 21/28 | €19,956 | €11,486 | -€8,470 | -42.4% |
| Tangible fixed assets | 22/27 | €19,956 | €11,486 | -€8,470 | -42.4% |
| Plant, machinery and equipment | 23 | €1,175 | €323 | -€852 | -72.5% |
| Furniture and vehicles | 24 | €18,781 | €11,163 | -€7,618 | -40.6% |
| Current assets | 29/58 | €166,633 | €221,423 | +€54,790 | +32.9% |
| Stocks and contracts in progress | 3 | €2,406 | €2,185 | -€221 | -9.2% |
| Stocks | 30/36 | €2,406 | €2,185 | -€221 | -9.2% |
| Amounts receivable within one year | 40/41 | €24,251 | €3,803 | -€20,448 | -84.3% |
| Trade receivables | 40 | €23,303 | €3,700 | -€19,603 | -84.1% |
| Other amounts receivable | 41 | €948 | €103 | -€845 | -89.2% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €14,976 | €215,435 | +€200,460 | +1,339% |
| Total equity and liabilities | 10/49 | €186,589 | €232,909 | +€46,320 | +24.8% |
| Equity | 10/15 | €170,212 | €225,743 | +€55,530 | +32.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €169,712 | €225,243 | +€55,530 | +32.7% |
| Distributable reserves | 133 | €169,712 | €225,243 | +€55,530 | +32.7% |
| Amounts payable | 17/49 | €16,377 | €7,167 | -€9,210 | -56.2% |
| Amounts payable within one year | 42/48 | €16,377 | €7,167 | -€9,210 | -56.2% |
| Trade debts | 44 | €9,027 | €794 | -€8,234 | -91.2% |
| Suppliers | 440/4 | €9,027 | €794 | -€8,234 | -91.2% |
| Taxes, remuneration and social security | 45 | €6,038 | €5,653 | -€385 | -6.4% |
| Taxes | 450/3 | €6,038 | €5,653 | -€385 | -6.4% |
| Other amounts payable | 47/48 | €1,312 | €720 | -€591 | -45.1% |
| Non-recurring operating income | 76A | €191 | €1,193 | +€1,003 | +526% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,909 | €8,470 | -€439 | -4.9% |
| Other operating charges | 640/8 | €777 | €1,413 | +€636 | +81.8% |
| Gross operating margin | 9900 | €65,691 | €86,963 | +€21,272 | +32.4% |
| Operating profit (loss) | 9901 | €56,005 | €77,081 | +€21,076 | +37.6% |
| Financial income | 75/76B | €50 | €5,828 | +€5,778 | +11,614% |
| Recurring financial income | 75 | €50 | €5,828 | +€5,778 | +11,614% |
| Financial charges | 65/66B | €107 | €82 | -€25 | -23.4% |
| Recurring financial charges | 65 | €107 | €82 | -€25 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €55,948 | €82,827 | +€26,879 | +48.0% |
| Income taxes | 67/77 | €18,538 | €27,297 | +€8,759 | +47.3% |
| Profit (loss) for the period | 9904 | €37,411 | €55,530 | +€18,119 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,411 | €55,530 | +€18,119 | +48.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.