MATTHYS & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year +€157,977
up €157,977 (+12.9%), from €1.2m to €1.4m
of which Other amounts receivable: +€323,066
- Deferred charges and accrued income +€115,917
up €115,917 (+96.5%), from €120,064 to €235,981
- Cash -€102,414
down €102,414 (-58.1%), from €176,280 to €73,865
mainly Receivables within one year (-€157,977) and Trade debts (-€154,151)
- Intangible fixed assets -€62,221
down €62,221 (-30.0%), from €207,441 to €145,220
- Tax, wage and social debts +€373,039
up €373,039 (+60.7%), from €614,945 to €987,984
of which Remuneration and social security: +€248,903
- Trade debts -€154,151
down €154,151 (-42.6%), from €361,509 to €207,358
- Current portion of long-term debt -€88,586
down €88,586 (-34.4%), from €257,558 to €168,973
- Debts after one year -€43,650
down €43,650 (-11.1%), from €392,850 to €349,200
- Staff costs +€736,207
up €736,207 (+24.5%), from €3.0m to €3.7m
- Gross operating margin +€729,092
up €729,092 (+22.7%), from €3.2m to €3.9m
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 | €3,021,552 | €3,110,964 | +€89,412 | +3.0% |
| Fixed assets | 21/28 | €966,202 | €884,135 | -€82,068 | -8.5% |
| Intangible fixed assets | 21 | €207,441 | €145,220 | -€62,221 | -30.0% |
| Tangible fixed assets | 22/27 | €678,721 | €658,075 | -€20,646 | -3.0% |
| Land and buildings | 22 | €607,130 | €594,191 | -€12,939 | -2.1% |
| Plant, machinery and equipment | 23 | €7,239 | €3,084 | -€4,155 | -57.4% |
| Furniture and vehicles | 24 | €50,179 | €39,967 | -€10,212 | -20.4% |
| Other tangible fixed assets | 26 | €14,173 | €20,832 | +€6,660 | +47.0% |
| Financial fixed assets | 28 | €80,040 | €80,840 | +€800 | +1.0% |
| Current assets | 29/58 | €2,055,350 | €2,226,829 | +€171,480 | +8.3% |
| Amounts receivable after more than one year | 29 | €519,892 | €519,892 | = | 0.0% |
| Other amounts receivable | 291 | €519,892 | €519,892 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,228,017 | €1,385,994 | +€157,977 | +12.9% |
| Trade receivables | 40 | €856,674 | €691,585 | -€165,089 | -19.3% |
| Other amounts receivable | 41 | €371,343 | €694,409 | +€323,066 | +87.0% |
| Current investments | 50/53 | €11,097 | €11,097 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €176,280 | €73,865 | -€102,414 | -58.1% |
| Deferred charges and accrued income | 490/1 | €120,064 | €235,981 | +€115,917 | +96.5% |
| Total equity and liabilities | 10/49 | €3,021,552 | €3,110,964 | +€89,412 | +3.0% |
| Equity | 10/15 | €1,218,739 | €1,221,177 | +€2,438 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,193,604 | €1,193,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,190,245 | €1,192,104 | +€1,859 | +0.2% |
| Profit (loss) carried forward | 14 | €6,542 | €8,980 | +€2,438 | +37.3% |
| Amounts payable | 17/49 | €1,802,813 | €1,889,787 | +€86,974 | +4.8% |
| Amounts payable after more than one year | 17 | €392,850 | €349,200 | -€43,650 | -11.1% |
| Financial debts | 170/4 | €392,850 | €349,200 | -€43,650 | -11.1% |
| Amounts payable within one year | 42/48 | €1,384,012 | €1,514,315 | +€130,303 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €257,558 | €168,973 | -€88,586 | -34.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €361,509 | €207,358 | -€154,151 | -42.6% |
| Suppliers | 440/4 | €361,509 | €207,358 | -€154,151 | -42.6% |
| Taxes, remuneration and social security | 45 | €614,945 | €987,984 | +€373,039 | +60.7% |
| Taxes | 450/3 | €152,542 | €276,679 | +€124,137 | +81.4% |
| Remuneration and social security | 454/9 | €462,403 | €711,305 | +€248,903 | +53.8% |
| Accrued charges and deferred income | 492/3 | €25,952 | €26,272 | +€321 | +1.2% |
| Remuneration, social security and pensions | 62 | €2,999,546 | €3,735,753 | +€736,207 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,364 | €130,117 | -€2,247 | -1.7% |
| Other operating charges | 640/8 | €59,474 | €31,116 | -€28,359 | -47.7% |
| Gross operating margin | 9900 | €3,213,404 | €3,942,496 | +€729,092 | +22.7% |
| Operating profit (loss) | 9901 | €22,019 | €45,510 | +€23,492 | +107% |
| Financial income | 75/76B | €21,127 | €29,293 | +€8,167 | +38.7% |
| Recurring financial income | 75 | €21,127 | €29,293 | +€8,167 | +38.7% |
| Financial charges | 65/66B | €37,863 | €54,696 | +€16,832 | +44.5% |
| Recurring financial charges | 65 | €37,863 | €54,696 | +€16,832 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €5,282 | €20,108 | +€14,826 | +281% |
| Income taxes | 67/77 | -€1,260 | €17,670 | +€18,930 | |
| Profit (loss) for the period | 9904 | €6,542 | €2,438 | -€4,104 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,542 | €2,438 | -€4,104 | -62.7% |
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.