VAN - MATT: 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.
VAN - MATT
Largest movements
- Stocks and contracts +€10,831
up €10,831 (+3.3%), from €329,483 to €340,314
- Tangible fixed assets +€8,956
up €8,956 (+3.0%), from €296,717 to €305,673
of which Land and buildings: +€11,635
- Cash -€8,152
down €8,152 (-21.5%), from €37,954 to €29,801
mainly Investment in fixed assets (net) (-€34,691) and Other debts (-€12,739)
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Other debts -€12,739
down €12,739 (-12.0%), from €105,881 to €93,142
- Debts after one year -€10,229
down €10,229 (-23.9%), from €42,789 to €32,560
- Trade debts -€9,557
down €9,557 (-18.0%), from €53,095 to €43,538
- Financial charges +€5,525
up €5,525 (+99.0%), from €5,579 to €11,104
- Gross operating margin +€4,121
up €4,121 (+9.7%), from €42,494 to €46,615
- Depreciation -€1,487
down €1,487 (-5.5%), from €27,222 to €25,735
- Other operating charges +€1,061
up €1,061 (+13.9%), from €7,648 to €8,709
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 | €678,316 | €691,848 | +€13,532 | +2.0% |
| Fixed assets | 21/28 | €296,987 | €305,943 | +€8,956 | +3.0% |
| Tangible fixed assets | 22/27 | €296,717 | €305,673 | +€8,956 | +3.0% |
| Land and buildings | 22 | €288,387 | €300,021 | +€11,635 | +4.0% |
| Plant, machinery and equipment | 23 | €2,778 | €1,695 | -€1,083 | -39.0% |
| Furniture and vehicles | 24 | €5,553 | €3,957 | -€1,596 | -28.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €381,329 | €385,905 | +€4,576 | +1.2% |
| Stocks and contracts in progress | 3 | €329,483 | €340,314 | +€10,831 | +3.3% |
| Stocks | 30/36 | €329,483 | €340,314 | +€10,831 | +3.3% |
| Amounts receivable within one year | 40/41 | €102 | €1,132 | +€1,030 | +1007.2% |
| Trade receivables | 40 | €19 | €774 | +€754 | +3908.7% |
| Other amounts receivable | 41 | €83 | €359 | +€276 | +332.3% |
| Cash at bank and in hand | 54/58 | €37,954 | €29,801 | -€8,152 | -21.5% |
| Deferred charges and accrued income | 490/1 | €13,790 | €14,657 | +€867 | +6.3% |
| Total equity and liabilities | 10/49 | €678,316 | €691,848 | +€13,532 | +2.0% |
| Equity | 10/15 | €399,897 | €399,781 | -€116 | 0.0% |
| Contributions | 10/11 | €122,707 | €122,707 | = | 0.0% |
| Reserves | 13 | €277,189 | €277,074 | -€116 | 0.0% |
| Tax-exempt reserves | 132 | €30,657 | €28,358 | -€2,299 | -7.5% |
| Distributable reserves | 133 | €246,532 | €248,716 | +€2,184 | +0.9% |
| Provisions and deferred taxes | 16 | €10,219 | €9,453 | -€766 | -7.5% |
| Deferred taxes | 168 | €10,219 | €9,453 | -€766 | -7.5% |
| Amounts payable | 17/49 | €268,200 | €282,614 | +€14,414 | +5.4% |
| Amounts payable after more than one year | 17 | €42,789 | €32,560 | -€10,229 | -23.9% |
| Financial debts | 170/4 | €42,789 | €32,560 | -€10,229 | -23.9% |
| Amounts payable within one year | 42/48 | €221,443 | €249,701 | +€28,257 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €10,581 | €11,061 | +€480 | +4.5% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €53,095 | €43,538 | -€9,557 | -18.0% |
| Suppliers | 440/4 | €53,095 | €43,538 | -€9,557 | -18.0% |
| Taxes, remuneration and social security | 45 | €1,886 | €1,960 | +€73 | +3.9% |
| Taxes | 450/3 | €1,886 | €1,960 | +€73 | +3.9% |
| Other amounts payable | 47/48 | €105,881 | €93,142 | -€12,739 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,968 | €354 | -€3,615 | -91.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,222 | €25,735 | -€1,487 | -5.5% |
| Other operating charges | 640/8 | €7,648 | €8,709 | +€1,061 | +13.9% |
| Gross operating margin | 9900 | €42,494 | €46,615 | +€4,121 | +9.7% |
| Operating profit (loss) | 9901 | €7,624 | €12,171 | +€4,547 | +59.6% |
| Financial income | 75/76B | €19 | €13 | -€6 | -31.5% |
| Recurring financial income | 75 | €19 | €13 | -€6 | -31.5% |
| Financial charges | 65/66B | €5,579 | €11,104 | +€5,525 | +99.0% |
| Recurring financial charges | 65 | €5,579 | €11,104 | +€5,525 | +99.0% |
| Profit (loss) for the period before taxes | 9903 | €2,064 | €1,080 | -€984 | -47.7% |
| Transfer from deferred taxes | 780 | €766 | €766 | = | 0.0% |
| Income taxes | 67/77 | €1,876 | €1,962 | +€85 | +4.6% |
| Profit (loss) for the period | 9904 | €954 | -€116 | -€1,070 | |
| Transfer from tax-exempt reserves | 789 | €2,299 | €2,299 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,253 | €2,184 | -€1,070 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.