VEEHANDEL 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.
VEEHANDEL MATTHYS
Largest movements
- Tangible fixed assets +€63,038
up €63,038 (+124%), from €51,027 to €114,065
of which Furniture and vehicles: +€68,605
- Cash +€33,161
up €33,161 (+37.2%), from €89,048 to €122,209
mainly Other debts (+€76,855) and Net result for the year (+€73,206)
- Receivables after one year -€28,500
down €28,500 (-15.0%), from €190,501 to €162,001
- Receivables within one year +€9,392
up €9,392 (+48.9%), from €19,221 to €28,613
of which Other amounts receivable: +€5,727
- Other debts +€76,855
up €76,855 (+192%), from €39,930 to €116,785
- Reserves -€34,719
down €34,719 (-13.6%), from €254,779 to €220,060
of which Distributable reserves: -€34,719
- Debts after one year +€22,638
new in 2025: €22,638
- Current portion of long-term debt +€13,083
new in 2025: €13,083
- Tax, wage and social debts -€11,959
down €11,959 (-39.1%), from €30,549 to €18,590
of which Taxes: -€11,184
- Gross operating margin -€29,899
down €29,899 (-20.4%), from €146,689 to €116,790
- Taxes -€11,505
down €11,505 (-31.0%), from €37,147 to €25,642
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 | €355,973 | €433,256 | +€77,283 | +21.7% |
| Fixed assets | 21/28 | €51,027 | €114,065 | +€63,038 | +124% |
| Tangible fixed assets | 22/27 | €51,027 | €114,065 | +€63,038 | +124% |
| Land and buildings | 22 | €43,237 | €38,521 | -€4,717 | -10.9% |
| Plant, machinery and equipment | 23 | €3,763 | €2,913 | -€850 | -22.6% |
| Furniture and vehicles | 24 | €4,027 | €72,632 | +€68,605 | +1,703% |
| Current assets | 29/58 | €304,946 | €319,190 | +€14,244 | +4.7% |
| Amounts receivable after more than one year | 29 | €190,501 | €162,001 | -€28,500 | -15.0% |
| Other amounts receivable | 291 | €190,501 | €162,001 | -€28,500 | -15.0% |
| Amounts receivable within one year | 40/41 | €19,221 | €28,613 | +€9,392 | +48.9% |
| Trade receivables | 40 | €19,159 | €22,824 | +€3,665 | +19.1% |
| Other amounts receivable | 41 | €62 | €5,789 | +€5,727 | +9,177% |
| Cash at bank and in hand | 54/58 | €89,048 | €122,209 | +€33,161 | +37.2% |
| Deferred charges and accrued income | 490/1 | €6,176 | €6,368 | +€192 | +3.1% |
| Total equity and liabilities | 10/49 | €355,973 | €433,256 | +€77,283 | +21.7% |
| Equity | 10/15 | €279,579 | €244,860 | -€34,719 | -12.4% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €254,779 | €220,060 | -€34,719 | -13.6% |
| Tax-exempt reserves | 132 | €22,310 | €22,310 | = | 0.0% |
| Distributable reserves | 133 | €232,469 | €197,750 | -€34,719 | -14.9% |
| Amounts payable | 17/49 | €76,394 | €188,396 | +€112,002 | +147% |
| Amounts payable after more than one year | 17 | - | €22,638 | +€22,638 | |
| Financial debts | 170/4 | - | €22,638 | +€22,638 | |
| Amounts payable within one year | 42/48 | €76,394 | €165,758 | +€89,364 | +117% |
| Current portion of amounts payable after more than one year | 42 | - | €13,083 | +€13,083 | |
| Trade debts | 44 | €5,915 | €17,300 | +€11,385 | +192% |
| Suppliers | 440/4 | €5,915 | €17,300 | +€11,385 | +192% |
| Taxes, remuneration and social security | 45 | €30,549 | €18,590 | -€11,959 | -39.1% |
| Taxes | 450/3 | €29,774 | €18,590 | -€11,184 | -37.6% |
| Remuneration and social security | 454/9 | €775 | - | -€775 | |
| Other amounts payable | 47/48 | €39,930 | €116,785 | +€76,855 | +192% |
| Non-recurring operating income | 76A | €18,895 | €8,865 | -€10,030 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,163 | €13,490 | +€327 | +2.5% |
| Other operating charges | 640/8 | €3,710 | €3,572 | -€138 | -3.7% |
| Gross operating margin | 9900 | €146,689 | €116,790 | -€29,899 | -20.4% |
| Operating profit (loss) | 9901 | €129,815 | €99,728 | -€30,087 | -23.2% |
| Financial income | 75/76B | €6 | €8 | +€2 | +35.1% |
| Recurring financial income | 75 | €6 | €8 | +€2 | +35.1% |
| Financial charges | 65/66B | €1,151 | €888 | -€264 | -22.9% |
| Recurring financial charges | 65 | €1,151 | €888 | -€264 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €128,670 | €98,848 | -€29,822 | -23.2% |
| Income taxes | 67/77 | €37,147 | €25,642 | -€11,505 | -31.0% |
| Profit (loss) for the period | 9904 | €91,522 | €73,206 | -€18,316 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,522 | €73,206 | -€18,316 | -20.0% |
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.