Riga De Wolf - Matthys: 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.
Riga De Wolf - Matthys
Largest movements
- Tangible fixed assets -€35,223
down €35,223 (-14.6%), from €241,104 to €205,881
of which Other tangible fixed assets: -€19,752
- Cash +€8,579
up €8,579 (+167%), from €5,138 to €13,717
mainly Depreciation (+€35,223) and Receivables after one year (+€1,600)
- Receivables within one year +€3,821
up €3,821 (+63.0%), from €6,068 to €9,889
of which Trade receivables: +€2,674
- Other debts -€12,000
no longer reported in 2025 (was €12,000)
- Debts after one year -€8,250
down €8,250 (-60.2%), from €13,700 to €5,450
- Reserves -€5,648
down €5,648 (-24.4%), from €23,154 to €17,507
of which Tax-exempt reserves: -€5,648
- Profit (loss) carried forward +€4,282
up €4,282 (+2.2%), from -€197,927 to -€193,645
- Financial income -€80,719
no longer reported in 2025 (was €80,719)
of which Non-recurring financial income: -€80,000
- Gross operating margin +€75,798
up €75,798, from -€33,257 to €42,541
- Turnover +€65,793
up €65,793 (+472%), from €13,946 to €79,739
- Purchases and services +€4,264
up €4,264 (+9.0%), from €47,203 to €51,467
- Depreciation +€2,190
up €2,190 (+6.6%), from €33,033 to €35,223
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 | €258,142 | €233,640 | -€24,502 | -9.5% |
| Fixed assets | 21/28 | €241,354 | €206,131 | -€35,223 | -14.6% |
| Tangible fixed assets | 22/27 | €241,104 | €205,881 | -€35,223 | -14.6% |
| Land and buildings | 22 | €80,000 | €80,000 | = | 0.0% |
| Furniture and vehicles | 24 | €24,969 | €9,499 | -€15,470 | -62.0% |
| Other tangible fixed assets | 26 | €136,135 | €116,383 | -€19,752 | -14.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €16,788 | €27,509 | +€10,721 | +63.9% |
| Amounts receivable after more than one year | 29 | €1,600 | - | -€1,600 | |
| Other amounts receivable | 291 | €1,600 | - | -€1,600 | |
| Amounts receivable within one year | 40/41 | €6,068 | €9,889 | +€3,821 | +63.0% |
| Trade receivables | 40 | - | €2,674 | +€2,674 | |
| Other amounts receivable | 41 | €6,068 | €7,215 | +€1,147 | +18.9% |
| Cash at bank and in hand | 54/58 | €5,138 | €13,717 | +€8,579 | +167% |
| Deferred charges and accrued income | 490/1 | €3,982 | €3,903 | -€79 | -2.0% |
| Total equity and liabilities | 10/49 | €258,142 | €233,640 | -€24,502 | -9.5% |
| Equity | 10/15 | €228,054 | €226,688 | -€1,366 | -0.6% |
| Contributions | 10/11 | €402,827 | €402,827 | = | 0.0% |
| Capital | 10 | €402,827 | - | -€402,827 | |
| Issued capital | 100 | €402,827 | - | -€402,827 | |
| Reserves | 13 | €23,154 | €17,507 | -€5,648 | -24.4% |
| Non-distributable reserves | 130/1 | €3,356 | €3,356 | = | 0.0% |
| Legal reserve | 130 | €3,356 | - | -€3,356 | |
| Reserves not available under the articles | 1311 | - | €3,356 | +€3,356 | |
| Tax-exempt reserves | 132 | €5,648 | - | -€5,648 | |
| Distributable reserves | 133 | €14,151 | €14,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,927 | -€193,645 | +€4,282 | +2.2% |
| Provisions and deferred taxes | 16 | €2,306 | - | -€2,306 | |
| Deferred taxes | 168 | €2,306 | - | -€2,306 | |
| Amounts payable | 17/49 | €27,783 | €6,952 | -€20,831 | -75.0% |
| Amounts payable after more than one year | 17 | €13,700 | €5,450 | -€8,250 | -60.2% |
| Other amounts payable | 178/9 | €13,700 | €5,450 | -€8,250 | -60.2% |
| Amounts payable within one year | 42/48 | €14,083 | €1,502 | -€12,581 | -89.3% |
| Trade debts | 44 | €2,083 | €1,502 | -€581 | -27.9% |
| Suppliers | 440/4 | €903 | €111 | -€792 | -87.8% |
| Bills of exchange payable | 441 | €1,180 | €1,392 | +€212 | +17.9% |
| Other amounts payable | 47/48 | €12,000 | - | -€12,000 | |
| Turnover | 70 | €13,946 | €79,739 | +€65,793 | +472% |
| Goods, raw materials, services and sundry goods | 60/61 | €47,203 | €51,467 | +€4,264 | +9.0% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,033 | €35,223 | +€2,190 | +6.6% |
| Other operating charges | 640/8 | €10,987 | €10,590 | -€397 | -3.6% |
| Gross operating margin | 9900 | -€33,257 | €42,541 | +€75,798 | |
| Operating profit (loss) | 9901 | -€77,664 | -€3,671 | +€73,993 | +95.3% |
| Financial income | 75/76B | €80,719 | - | -€80,719 | |
| Recurring financial income | 75 | €719 | - | -€719 | |
| Non-recurring financial income | 76B | €80,000 | - | -€80,000 | |
| Financial charges | 65/66B | €45 | - | -€45 | |
| Recurring financial charges | 65 | €45 | - | -€45 | |
| Profit (loss) for the period before taxes | 9903 | €3,010 | -€3,671 | -€6,681 | |
| Transfer from deferred taxes | 780 | €6,318 | €2,306 | -€4,013 | -63.5% |
| Profit (loss) for the period | 9904 | €9,328 | -€1,366 | -€10,694 | |
| Transfer from tax-exempt reserves | 789 | €12,265 | €5,648 | -€6,617 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,593 | €4,282 | -€17,311 | -80.2% |
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 27 October 2026 via checked.be.