PHILIPPE MATTON: 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.
What changed
PHILIPPE MATTON
NACE 46.231, Wholesale of live animals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€24,657
2024 · -€256,240+€231,583
Equity
€1.2m
2024 · €1.2m-€24,657
Cash
€88,528
2024 · €38,330+€50,198
Balance sheet total
€4.1m
2024 · €4.5m-€393,329
Largest movements
Assets
- Tangible fixed assets -€440,980
down €440,980 (-16.4%), from €2.7m to €2.2m
of which Land and buildings: -€485,407
- Stocks and contracts +€209,227
up €209,227 (+22.8%), from €919,286 to €1.1m
- Receivables within one year -€185,118
down €185,118 (-40.4%), from €458,174 to €273,056
of which Trade receivables: -€155,366
- Cash +€50,198
up €50,198 (+131.0%), from €38,330 to €88,528
mainly Investment in fixed assets (net) (+€342,112) and Receivables within one year (+€185,118)
Equity and liabilities
- Current portion of long-term debt -€267,901
down €267,901 (-64.8%), from €413,428 to €145,527
- Trade debts -€126,084
down €126,084 (-33.5%), from €376,761 to €250,676
Income statement
- Gross operating margin +€234,596
up €234,596, from -€14,373 to €220,223
- Other operating charges -€21,265
down €21,265 (-42.8%), from €49,661 to €28,396
- Financial charges -€14,059
down €14,059 (-42.5%), from €33,105 to €19,046
- Depreciation -€12,270
down €12,270 (-11.0%), from €111,138 to €98,868
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.
Result 2024
-€256,240
Gross operating margin
+€234,596
Staff costs
+€743
Depreciation
+€12,270
Other operating charges
+€21,265
Other operating items
-€52,413
Financial income
+€1,064
Financial charges
+€14,059
Result 2025
-€24,657
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.
From operations
-€28,761
Investment
+€342,112
Financing
-€263,152
Cash 2024
€38,330
From operations (derived)
-€28,761
Net result for the year
-€24,657
Depreciation
+€98,868
Receivables after one year
+€43,867
Stocks and contracts
-€209,227
Receivables within one year
+€185,118
Deferred charges and accrued income
-€17,212
Trade debts
-€126,084
Tax, wage and social debts
+€7,635
Other debts
+€13,869
Accrued charges and deferred income
-€939
Investment (derived)
+€342,112
Investment in fixed assets (net)
+€342,112
Financing
-€263,152
Debts after one year
+€4,749
Current portion of long-term debt
-€267,901
Cash 2025
€88,528
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,463,267 | €4,069,938 | -€393,329 | -8.8% |
| Fixed assets | 21/28 | €2,708,266 | €2,267,286 | -€440,980 | -16.3% |
| Tangible fixed assets | 22/27 | €2,690,464 | €2,249,484 | -€440,980 | -16.4% |
| Land and buildings | 22 | €2,240,642 | €1,755,235 | -€485,407 | -21.7% |
| Plant, machinery and equipment | 23 | €265,490 | €169,251 | -€96,239 | -36.2% |
| Furniture and vehicles | 24 | €16,973 | €27,200 | +€10,227 | +60.3% |
| Leasing and similar rights | 25 | €160,142 | €290,846 | +€130,705 | +81.6% |
| Other tangible fixed assets | 26 | €7,218 | €6,953 | -€265 | -3.7% |
| Financial fixed assets | 28 | €17,802 | €17,802 | = | 0.0% |
| Current assets | 29/58 | €1,755,001 | €1,802,653 | +€47,651 | +2.7% |
| Amounts receivable after more than one year | 29 | €330,000 | €286,133 | -€43,867 | -13.3% |
| Other amounts receivable | 291 | €330,000 | €286,133 | -€43,867 | -13.3% |
| Stocks and contracts in progress | 3 | €919,286 | €1,128,513 | +€209,227 | +22.8% |
| Stocks | 30/36 | €919,286 | €1,128,513 | +€209,227 | +22.8% |
| Amounts receivable within one year | 40/41 | €458,174 | €273,056 | -€185,118 | -40.4% |
| Trade receivables | 40 | €264,583 | €109,216 | -€155,366 | -58.7% |
| Other amounts receivable | 41 | €193,591 | €163,840 | -€29,752 | -15.4% |
| Current investments | 50/53 | €5,630 | €5,630 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,330 | €88,528 | +€50,198 | +131.0% |
| Deferred charges and accrued income | 490/1 | €3,580 | €20,792 | +€17,212 | +480.7% |
| Total equity and liabilities | 10/49 | €4,463,267 | €4,069,938 | -€393,329 | -8.8% |
| Equity | 10/15 | €1,217,941 | €1,193,284 | -€24,657 | -2.0% |
| Contributions | 10/11 | €2,840,000 | €2,840,000 | = | 0.0% |
| Reserves | 13 | €161,500 | €161,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €124,000 | €124,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,783,559 | -€1,808,216 | -€24,657 | -1.4% |
| Amounts payable | 17/49 | €3,245,326 | €2,876,654 | -€368,671 | -11.4% |
| Amounts payable after more than one year | 17 | €1,887,874 | €1,892,623 | +€4,749 | +0.3% |
| Financial debts | 170/4 | €323,075 | €370,772 | +€47,697 | +14.8% |
| Other amounts payable | 178/9 | €1,564,799 | €1,521,851 | -€42,948 | -2.7% |
| Amounts payable within one year | 42/48 | €1,348,657 | €976,175 | -€372,482 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €413,428 | €145,527 | -€267,901 | -64.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €376,761 | €250,676 | -€126,084 | -33.5% |
| Suppliers | 440/4 | €376,761 | €250,676 | -€126,084 | -33.5% |
| Taxes, remuneration and social security | 45 | €5,599 | €13,234 | +€7,635 | +136.4% |
| Taxes | 450/3 | €872 | €8,103 | +€7,230 | +828.7% |
| Remuneration and social security | 454/9 | €4,727 | €5,131 | +€404 | +8.6% |
| Other amounts payable | 47/48 | €552,869 | €566,738 | +€13,869 | +2.5% |
| Accrued charges and deferred income | 492/3 | €8,795 | €7,856 | -€939 | -10.7% |
| Non-recurring operating income | 76A | - | €91,627 | +€91,627 | |
| Remuneration, social security and pensions | 62 | €52,212 | €51,469 | -€743 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,138 | €98,868 | -€12,270 | -11.0% |
| Other operating charges | 640/8 | €49,661 | €28,396 | -€21,265 | -42.8% |
| Non-recurring operating charges | 66A | - | €52,413 | +€52,413 | |
| Gross operating margin | 9900 | -€14,373 | €220,223 | +€234,596 | |
| Operating profit (loss) | 9901 | -€227,384 | -€10,923 | +€216,461 | +95.2% |
| Financial income | 75/76B | €4,248 | €5,312 | +€1,064 | +25.0% |
| Recurring financial income | 75 | €4,248 | €5,312 | +€1,064 | +25.0% |
| Financial charges | 65/66B | €33,105 | €19,046 | -€14,059 | -42.5% |
| Recurring financial charges | 65 | €33,105 | €19,046 | -€14,059 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€256,240 | -€24,657 | +€231,583 | +90.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€256,240 | -€24,657 | +€231,583 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€256,240 | -€24,657 | +€231,583 | +90.4% |
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 3 October 2026 via checked.be.