Matti Van Hecke: 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.
Matti Van Hecke
Largest movements
- Deferred charges and accrued income -€7,976
down €7,976 (-94.9%), from €8,406 to €430
- Reserves -€57,421
down €57,421 (-29.0%), from €197,902 to €140,481
- Debts after one year +€54,546
up €54,546 (+28.4%), from €192,217 to €246,763
- Tax, wage and social debts -€33,218
down €33,218 (-80.2%), from €41,442 to €8,224
of which Taxes: -€29,218
- Current portion of long-term debt +€15,806
up €15,806 (+27.1%), from €58,267 to €74,073
- Trade debts +€5,456
up €5,456 (+339%), from €1,609 to €7,065
- Gross operating margin -€16,245
down €16,245 (-14.0%), from €115,874 to €99,629
- Taxes -€1,495
down €1,495 (-5.5%), from €27,337 to €25,842
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,029 | €486,676 | -€11,353 | -2.3% |
| Fixed assets | 21/28 | €320,000 | €320,000 | = | 0.0% |
| Financial fixed assets | 28 | €320,000 | €320,000 | = | 0.0% |
| Current assets | 29/58 | €178,029 | €166,676 | -€11,353 | -6.4% |
| Amounts receivable within one year | 40/41 | €14,520 | €12,929 | -€1,591 | -11.0% |
| Trade receivables | 40 | €14,520 | €12,929 | -€1,591 | -11.0% |
| Cash at bank and in hand | 54/58 | €155,103 | €153,317 | -€1,786 | -1.2% |
| Deferred charges and accrued income | 490/1 | €8,406 | €430 | -€7,976 | -94.9% |
| Total equity and liabilities | 10/49 | €498,029 | €486,676 | -€11,353 | -2.3% |
| Equity | 10/15 | €199,902 | €142,481 | -€57,421 | -28.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €197,902 | €140,481 | -€57,421 | -29.0% |
| Distributable reserves | 133 | €197,902 | €140,481 | -€57,421 | -29.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €298,127 | €344,195 | +€46,068 | +15.5% |
| Amounts payable after more than one year | 17 | €192,217 | €246,763 | +€54,546 | +28.4% |
| Financial debts | 170/4 | €192,217 | €246,763 | +€54,546 | +28.4% |
| Amounts payable within one year | 42/48 | €104,802 | €94,529 | -€10,273 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €58,267 | €74,073 | +€15,806 | +27.1% |
| Trade debts | 44 | €1,609 | €7,065 | +€5,456 | +339% |
| Suppliers | 440/4 | €1,609 | €7,065 | +€5,456 | +339% |
| Taxes, remuneration and social security | 45 | €41,442 | €8,224 | -€33,218 | -80.2% |
| Taxes | 450/3 | €35,592 | €6,374 | -€29,218 | -82.1% |
| Remuneration and social security | 454/9 | €5,850 | €1,850 | -€4,000 | -68.4% |
| Other amounts payable | 47/48 | €3,485 | €5,167 | +€1,682 | +48.3% |
| Accrued charges and deferred income | 492/3 | €1,108 | €2,903 | +€1,795 | +162% |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €115,874 | €99,629 | -€16,245 | -14.0% |
| Operating profit (loss) | 9901 | €115,874 | €99,230 | -€16,645 | -14.4% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €10,949 | €10,808 | -€141 | -1.3% |
| Recurring financial charges | 65 | €10,949 | €10,808 | -€141 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €104,946 | €88,422 | -€16,524 | -15.7% |
| Income taxes | 67/77 | €27,337 | €25,842 | -€1,495 | -5.5% |
| Profit (loss) for the period | 9904 | €77,609 | €62,579 | -€15,029 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,609 | €62,579 | -€15,029 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.