MATTHYSSEN: what changed
Two fiscal 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.
MATTHYSSEN
Largest movements
- Receivables within one year +€17,515
up €17,515 (+28.9%), from €60,547 to €78,062
of which Other amounts receivable: +€15,449
- Cash -€2,469
down €2,469 (-13.8%), from €17,834 to €15,364
mainly Receivables within one year (-€17,515) and Other debts (-€7,000)
- Stocks and contracts +€1,696
up €1,696 (+46.3%), from €3,664 to €5,359
- Reserves +€22,981
up €22,981 (+45.8%), from €50,220 to €73,201
- Other debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Tax, wage and social debts +€2,475
up €2,475 (+44.5%), from €5,557 to €8,032
of which Taxes: +€4,599
- Accrued charges and deferred income -€2,254
down €2,254 (-100.0%), from €2,254 to €0
- Staff costs -€11,467
down €11,467 (-39.4%), from €29,095 to €17,628
- Gross operating margin -€8,823
down €8,823 (-15.9%), from €55,572 to €46,749
- Taxes +€1,318
up €1,318 (+134.5%), from €980 to €2,298
- Financial charges -€1,182
down €1,182 (-66.1%), from €1,788 to €606
- Other operating charges +€1,081
up €1,081 (+60.6%), from €1,784 to €2,865
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.
Cash bridge derived
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 | €87,053 | €102,494 | +€15,441 | +17.7% |
| Fixed assets | 21/28 | €3,261 | €2,256 | -€1,005 | -30.8% |
| Tangible fixed assets | 22/27 | €3,261 | €2,256 | -€1,005 | -30.8% |
| Other tangible fixed assets | 26 | €3,261 | €2,256 | -€1,005 | -30.8% |
| Current assets | 29/58 | €83,793 | €100,239 | +€16,446 | +19.6% |
| Stocks and contracts in progress | 3 | €3,664 | €5,359 | +€1,696 | +46.3% |
| Stocks | 30/36 | €3,664 | €5,359 | +€1,696 | +46.3% |
| Amounts receivable within one year | 40/41 | €60,547 | €78,062 | +€17,515 | +28.9% |
| Trade receivables | 40 | €218 | €2,283 | +€2,066 | +948.5% |
| Other amounts receivable | 41 | €60,330 | €75,779 | +€15,449 | +25.6% |
| Cash at bank and in hand | 54/58 | €17,834 | €15,364 | -€2,469 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,748 | €1,453 | -€295 | -16.9% |
| Total equity and liabilities | 10/49 | €87,053 | €102,494 | +€15,441 | +17.7% |
| Equity | 10/15 | €68,812 | €91,793 | +€22,981 | +33.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €50,220 | €73,201 | +€22,981 | +45.8% |
| Distributable reserves | 133 | €50,220 | €73,201 | +€22,981 | +45.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,241 | €10,701 | -€7,540 | -41.3% |
| Amounts payable within one year | 42/48 | €15,987 | €10,701 | -€5,286 | -33.1% |
| Trade debts | 44 | €3,430 | €2,669 | -€761 | -22.2% |
| Suppliers | 440/4 | €3,430 | €2,669 | -€761 | -22.2% |
| Taxes, remuneration and social security | 45 | €5,557 | €8,032 | +€2,475 | +44.5% |
| Taxes | 450/3 | €2,013 | €6,612 | +€4,599 | +228.5% |
| Remuneration and social security | 454/9 | €3,544 | €1,420 | -€2,124 | -59.9% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,254 | €0 | -€2,254 | -100.0% |
| Remuneration, social security and pensions | 62 | €29,095 | €17,628 | -€11,467 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,005 | = | 0.0% |
| Other operating charges | 640/8 | €1,784 | €2,865 | +€1,081 | +60.6% |
| Gross operating margin | 9900 | €55,572 | €46,749 | -€8,823 | -15.9% |
| Operating profit (loss) | 9901 | €23,688 | €25,251 | +€1,563 | +6.6% |
| Financial income | 75/76B | €424 | €635 | +€210 | +49.6% |
| Recurring financial income | 75 | €424 | €635 | +€210 | +49.6% |
| Financial charges | 65/66B | €1,788 | €606 | -€1,182 | -66.1% |
| Recurring financial charges | 65 | €1,788 | €606 | -€1,182 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €22,324 | €25,279 | +€2,955 | +13.2% |
| Income taxes | 67/77 | €980 | €2,298 | +€1,318 | +134.5% |
| Profit (loss) for the period | 9904 | €21,344 | €22,981 | +€1,637 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,344 | €22,981 | +€1,637 | +7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.