BUREAU MATHIEU: what changed
What changed
BUREAU MATHIEU
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€247,887
2024 · €310,156-€62,269
Equity
€1.2m
2024 · €979,493+€247,887
Cash
€560,964
2024 · €470,042+€90,922
Balance sheet total
€1.3m
2024 · €1.0m+€249,925
Largest movements
Assets
- Current investments +€200,000
up €200,000 (+59.7%), from €335,000 to €535,000
- Cash +€90,922
up €90,922 (+19.3%), from €470,042 to €560,964
mainly Net result for the year (+€247,887) and Depreciation (+€38,392)
- Tangible fixed assets -€30,845
down €30,845 (-24.3%), from €126,900 to €96,055
of which Furniture and vehicles: -€35,925
- Formation expenses -€14,134
down €14,134 (-60.1%), from €23,510 to €9,375
Equity and liabilities
- Reserves +€247,887
up €247,887 (+25.7%), from €965,556 to €1.2m
of which Distributable reserves: +€247,887
Income statement
- Staff costs +€49,644
up €49,644 (+36.2%), from €137,247 to €186,891
- Taxes +€11,047
up €11,047 (+10.6%), from €103,806 to €114,853
- Gross operating margin +€9,035
up €9,035 (+1.6%), from €572,731 to €581,766
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€310,156
Gross operating margin
+€9,035
Staff costs
-€49,644
Depreciation
-€3,620
Other operating charges
-€1,263
Financial income
-€5,560
Financial charges
-€169
Taxes
-€11,047
Result 2025
€247,887
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€284,334
Investment
-€193,412
Financing
€0
Cash 2024
€470,042
From operations (derived)
+€284,334
Net result for the year
+€247,887
Depreciation
+€38,392
Receivables within one year
-€4,326
Smaller working-capital items
-€268
Trade debts
-€1,198
Other debts
+€3,847
Investment (derived)
-€193,412
Investment in fixed assets (net)
+€6,588
Current investments
-€200,000
Cash 2025
€560,964
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,025,271 | €1,275,196 | +€249,925 | +24.4% |
| Formation expenses | 20 | €23,510 | €9,375 | -€14,134 | -60.1% |
| Fixed assets | 21/28 | €126,900 | €96,055 | -€30,845 | -24.3% |
| Tangible fixed assets | 22/27 | €126,900 | €96,055 | -€30,845 | -24.3% |
| Plant, machinery and equipment | 23 | - | €2,656 | +€2,656 | |
| Furniture and vehicles | 24 | €126,900 | €90,975 | -€35,925 | -28.3% |
| Other tangible fixed assets | 26 | - | €2,424 | +€2,424 | |
| Current assets | 29/58 | €874,862 | €1,169,766 | +€294,904 | +33.7% |
| Amounts receivable within one year | 40/41 | €64,724 | €69,049 | +€4,326 | +6.7% |
| Trade receivables | 40 | €982 | €484 | -€498 | -50.7% |
| Other amounts receivable | 41 | €63,742 | €68,565 | +€4,823 | +7.6% |
| Current investments | 50/53 | €335,000 | €535,000 | +€200,000 | +59.7% |
| Cash at bank and in hand | 54/58 | €470,042 | €560,964 | +€90,922 | +19.3% |
| Deferred charges and accrued income | 490/1 | €5,096 | €4,753 | -€343 | -6.7% |
| Total equity and liabilities | 10/49 | €1,025,271 | €1,275,196 | +€249,925 | +24.4% |
| Equity | 10/15 | €979,493 | €1,227,381 | +€247,887 | +25.3% |
| Contributions | 10/11 | €7,734 | €7,734 | = | 0.0% |
| Reserves | 13 | €965,556 | €1,213,443 | +€247,887 | +25.7% |
| Non-distributable reserves | 130/1 | €35,667 | €35,667 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,667 | €35,667 | = | 0.0% |
| Distributable reserves | 133 | €929,890 | €1,177,777 | +€247,887 | +26.7% |
| Profit (loss) carried forward | 14 | €6,203 | €6,203 | = | 0.0% |
| Amounts payable | 17/49 | €45,778 | €47,815 | +€2,038 | +4.5% |
| Amounts payable within one year | 42/48 | €45,776 | €47,815 | +€2,039 | +4.5% |
| Trade debts | 44 | €8,224 | €7,026 | -€1,198 | -14.6% |
| Suppliers | 440/4 | €8,224 | €7,026 | -€1,198 | -14.6% |
| Taxes, remuneration and social security | 45 | €37,398 | €36,789 | -€609 | -1.6% |
| Taxes | 450/3 | €16,399 | €18,352 | +€1,954 | +11.9% |
| Remuneration and social security | 454/9 | €20,999 | €18,436 | -€2,563 | -12.2% |
| Other amounts payable | 47/48 | €155 | €4,001 | +€3,847 | +2,486% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €137,247 | €186,891 | +€49,644 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,772 | €38,392 | +€3,620 | +10.4% |
| Other operating charges | 640/8 | €387 | €1,651 | +€1,263 | +326% |
| Gross operating margin | 9900 | €572,731 | €581,766 | +€9,035 | +1.6% |
| Operating profit (loss) | 9901 | €400,325 | €354,833 | -€45,492 | -11.4% |
| Financial income | 75/76B | €13,876 | €8,315 | -€5,560 | -40.1% |
| Recurring financial income | 75 | €13,876 | €8,315 | -€5,560 | -40.1% |
| Financial charges | 65/66B | €239 | €408 | +€169 | +70.6% |
| Recurring financial charges | 65 | €239 | €408 | +€169 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | €413,962 | €362,740 | -€51,221 | -12.4% |
| Income taxes | 67/77 | €103,806 | €114,853 | +€11,047 | +10.6% |
| Profit (loss) for the period | 9904 | €310,156 | €247,887 | -€62,269 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €310,156 | €247,887 | -€62,269 | -20.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.