MATTHYSSEN LENNERT: 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.
MATTHYSSEN LENNERT
Largest movements
- Tangible fixed assets +€51,075
up €51,075 (+193%), from €26,462 to €77,537
of which Furniture and vehicles: +€30,329
- Receivables within one year -€15,312
down €15,312 (-53.6%), from €28,572 to €13,260
of which Trade receivables: -€13,921
- Cash -€3,204
down €3,204 (-12.3%), from €25,996 to €22,793
mainly Investment in fixed assets (net) (-€66,135) and Tax, wage and social debts (-€8,655)
- Debts after one year +€30,150
new in 2025: €30,150
- Reserves +€12,122
up €12,122 (+25.4%), from €47,816 to €59,938
- Tax, wage and social debts -€8,655
down €8,655 (-40.3%), from €21,456 to €12,801
of which Remuneration and social security: -€7,020
- Current portion of long-term debt +€7,968
new in 2025: €7,968
- Trade debts -€6,226
down €6,226 (-93.5%), from €6,662 to €435
- Depreciation +€7,429
up €7,429 (+99.1%), from €7,496 to €14,925
- Gross operating margin -€6,797
down €6,797 (-17.3%), from €39,280 to €32,484
- Taxes -€6,191
down €6,191 (-65.2%), from €9,494 to €3,303
- Financial charges +€1,531
up €1,531 (+334%), from €458 to €1,989
- Financial income -€534
down €534 (-48.5%), from €1,103 to €568
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 | €81,030 | €114,247 | +€33,217 | +41.0% |
| Fixed assets | 21/28 | €26,462 | €77,672 | +€51,210 | +194% |
| Tangible fixed assets | 22/27 | €26,462 | €77,537 | +€51,075 | +193% |
| Plant, machinery and equipment | 23 | €7,663 | €29,078 | +€21,415 | +279% |
| Furniture and vehicles | 24 | €13,618 | €43,947 | +€30,329 | +223% |
| Other tangible fixed assets | 26 | €5,180 | €4,512 | -€669 | -12.9% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €54,568 | €36,575 | -€17,993 | -33.0% |
| Amounts receivable within one year | 40/41 | €28,572 | €13,260 | -€15,312 | -53.6% |
| Trade receivables | 40 | €25,484 | €11,563 | -€13,921 | -54.6% |
| Other amounts receivable | 41 | €3,088 | €1,697 | -€1,391 | -45.0% |
| Cash at bank and in hand | 54/58 | €25,996 | €22,793 | -€3,204 | -12.3% |
| Deferred charges and accrued income | 490/1 | - | €523 | +€523 | |
| Total equity and liabilities | 10/49 | €81,030 | €114,247 | +€33,217 | +41.0% |
| Equity | 10/15 | €49,816 | €61,938 | +€12,122 | +24.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,816 | €59,938 | +€12,122 | +25.4% |
| Distributable reserves | 133 | €47,816 | €59,938 | +€12,122 | +25.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,214 | €52,309 | +€21,095 | +67.6% |
| Amounts payable after more than one year | 17 | - | €30,150 | +€30,150 | |
| Financial debts | 170/4 | - | €30,150 | +€30,150 | |
| Amounts payable within one year | 42/48 | €31,214 | €22,160 | -€9,054 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,968 | +€7,968 | |
| Trade debts | 44 | €6,662 | €435 | -€6,226 | -93.5% |
| Suppliers | 440/4 | €6,662 | €435 | -€6,226 | -93.5% |
| Taxes, remuneration and social security | 45 | €21,456 | €12,801 | -€8,655 | -40.3% |
| Taxes | 450/3 | €11,051 | €9,417 | -€1,634 | -14.8% |
| Remuneration and social security | 454/9 | €10,405 | €3,385 | -€7,020 | -67.5% |
| Other amounts payable | 47/48 | €3,096 | €955 | -€2,141 | -69.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,496 | €14,925 | +€7,429 | +99.1% |
| Other operating charges | 640/8 | €863 | €713 | -€150 | -17.4% |
| Gross operating margin | 9900 | €39,280 | €32,484 | -€6,797 | -17.3% |
| Operating profit (loss) | 9901 | €30,922 | €16,846 | -€14,076 | -45.5% |
| Financial income | 75/76B | €1,103 | €568 | -€534 | -48.5% |
| Recurring financial income | 75 | €1,103 | €568 | -€534 | -48.5% |
| Financial charges | 65/66B | €458 | €1,989 | +€1,531 | +334% |
| Recurring financial charges | 65 | €458 | €1,989 | +€1,531 | +334% |
| Profit (loss) for the period before taxes | 9903 | €31,566 | €15,425 | -€16,142 | -51.1% |
| Income taxes | 67/77 | €9,494 | €3,303 | -€6,191 | -65.2% |
| Profit (loss) for the period | 9904 | €22,072 | €12,122 | -€9,950 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,072 | €12,122 | -€9,950 | -45.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.