BOSTYN MATHIEU: 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.
BOSTYN MATHIEU
Largest movements
- Receivables within one year -€26,379
down €26,379 (-35.3%), from €74,688 to €48,309
of which Trade receivables: -€32,443
- Cash +€22,685
up €22,685 (+92.8%), from €24,434 to €47,119
mainly Depreciation (+€32,013) and Debts after one year (+€27,273)
- Tangible fixed assets -€10,179
down €10,179 (-5.0%), from €202,878 to €192,699
of which Leasing and similar rights: -€24,571
- Trade debts -€46,535
down €46,535 (-91.1%), from €51,105 to €4,570
- Debts after one year +€27,273
up €27,273 (+20.3%), from €134,651 to €161,924
- Reserves +€23,443
up €23,443 (+43.6%), from €53,773 to €77,216
- Current portion of long-term debt -€14,974
down €14,974 (-100.0%), from €14,974 to €0
- Tax, wage and social debts -€10,106
down €10,106 (-52.8%), from €19,156 to €9,050
of which Taxes: -€12,011
- Depreciation +€23,448
up €23,448 (+273.8%), from €8,564 to €32,013
- Gross operating margin -€15,733
down €15,733 (-17.6%), from €89,393 to €73,659
- Taxes -€7,811
down €7,811 (-56.7%), from €13,781 to €5,970
- Financial charges +€6,443
up €6,443 (+555.0%), from €1,161 to €7,604
- Staff costs +€3,260
up €3,260 (+15781.1%), from €21 to €3,281
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 | €304,251 | €288,128 | -€16,123 | -5.3% |
| Fixed assets | 21/28 | €205,129 | €192,700 | -€12,429 | -6.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €202,878 | €192,699 | -€10,179 | -5.0% |
| Land and buildings | 22 | €17,236 | €32,734 | +€15,498 | +89.9% |
| Plant, machinery and equipment | 23 | €1,782 | €4,458 | +€2,676 | +150.2% |
| Furniture and vehicles | 24 | €15,147 | €11,366 | -€3,781 | -25.0% |
| Leasing and similar rights | 25 | €168,713 | €144,141 | -€24,571 | -14.6% |
| Financial fixed assets | 28 | €2,250 | €0 | -€2,250 | -100.0% |
| Current assets | 29/58 | €99,122 | €95,428 | -€3,694 | -3.7% |
| Amounts receivable within one year | 40/41 | €74,688 | €48,309 | -€26,379 | -35.3% |
| Trade receivables | 40 | €52,322 | €19,878 | -€32,443 | -62.0% |
| Other amounts receivable | 41 | €22,366 | €28,430 | +€6,064 | +27.1% |
| Cash at bank and in hand | 54/58 | €24,434 | €47,119 | +€22,685 | +92.8% |
| Total equity and liabilities | 10/49 | €304,251 | €288,128 | -€16,123 | -5.3% |
| Equity | 10/15 | €58,773 | €82,216 | +€23,443 | +39.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,773 | €77,216 | +€23,443 | +43.6% |
| Distributable reserves | 133 | €53,773 | €77,216 | +€23,443 | +43.6% |
| Amounts payable | 17/49 | €245,478 | €205,912 | -€39,566 | -16.1% |
| Amounts payable after more than one year | 17 | €134,651 | €161,924 | +€27,273 | +20.3% |
| Financial debts | 170/4 | €134,651 | €161,924 | +€27,273 | +20.3% |
| Amounts payable within one year | 42/48 | €110,828 | €39,094 | -€71,734 | -64.7% |
| Current portion of amounts payable after more than one year | 42 | €14,974 | €0 | -€14,974 | -100.0% |
| Trade debts | 44 | €51,105 | €4,570 | -€46,535 | -91.1% |
| Suppliers | 440/4 | €51,105 | €4,570 | -€46,535 | -91.1% |
| Taxes, remuneration and social security | 45 | €19,156 | €9,050 | -€10,106 | -52.8% |
| Taxes | 450/3 | €19,156 | €7,145 | -€12,011 | -62.7% |
| Remuneration and social security | 454/9 | - | €1,905 | +€1,905 | |
| Other amounts payable | 47/48 | €25,592 | €25,473 | -€119 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €4,895 | +€4,895 | |
| Remuneration, social security and pensions | 62 | €21 | €3,281 | +€3,260 | +15781.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,564 | €32,013 | +€23,448 | +273.8% |
| Other operating charges | 640/8 | €4,395 | €1,348 | -€3,047 | -69.3% |
| Non-recurring operating charges | 66A | €7,699 | €0 | -€7,699 | -100.0% |
| Gross operating margin | 9900 | €89,393 | €73,659 | -€15,733 | -17.6% |
| Operating profit (loss) | 9901 | €68,713 | €37,018 | -€31,695 | -46.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €1,161 | €7,604 | +€6,443 | +555.0% |
| Recurring financial charges | 65 | €1,161 | €7,604 | +€6,443 | +555.0% |
| Profit (loss) for the period before taxes | 9903 | €67,553 | €29,413 | -€38,140 | -56.5% |
| Income taxes | 67/77 | €13,781 | €5,970 | -€7,811 | -56.7% |
| Profit (loss) for the period | 9904 | €53,773 | €23,443 | -€30,329 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,773 | €23,443 | -€30,329 | -56.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.