DR. MATHIAS VIAENE: 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.
DR. MATHIAS VIAENE
Largest movements
- Cash +€23,032
up €23,032 (+13.6%), from €169,786 to €192,818
mainly Net result for the year (+€95,565) and Tax, wage and social debts (+€43,261)
- Receivables within one year +€17,945
up €17,945 (+55.3%), from €32,433 to €50,378
of which Other amounts receivable: +€28,430
- Tangible fixed assets -€14,434
down €14,434 (-16.2%), from €88,882 to €74,448
of which Furniture and vehicles: -€14,121
- Tax, wage and social debts +€43,261
up €43,261 (+7,763%), from €557 to €43,818
- Current portion of long-term debt -€10,032
down €10,032 (-53.6%), from €18,725 to €8,693
- Debts after one year -€8,693
down €8,693 (-36.4%), from €23,881 to €15,188
- Trade debts +€3,419
up €3,419 (+115%), from €2,975 to €6,394
- Gross operating margin +€32,701
up €32,701 (+29.1%), from €112,451 to €145,152
- Taxes +€8,995
up €8,995 (+44.1%), from €20,387 to €29,382
- Depreciation +€6,812
up €6,812 (+56.8%), from €11,986 to €18,798
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 | €297,282 | €322,943 | +€25,661 | +8.6% |
| Fixed assets | 21/28 | €88,882 | €74,448 | -€14,434 | -16.2% |
| Tangible fixed assets | 22/27 | €88,882 | €74,448 | -€14,434 | -16.2% |
| Plant, machinery and equipment | 23 | €195 | €3,067 | +€2,872 | +1,475% |
| Furniture and vehicles | 24 | €67,227 | €53,105 | -€14,121 | -21.0% |
| Other tangible fixed assets | 26 | €21,461 | €18,276 | -€3,185 | -14.8% |
| Current assets | 29/58 | €208,400 | €248,495 | +€40,096 | +19.2% |
| Amounts receivable within one year | 40/41 | €32,433 | €50,378 | +€17,945 | +55.3% |
| Trade receivables | 40 | €10,484 | - | -€10,484 | |
| Other amounts receivable | 41 | €21,948 | €50,378 | +€28,430 | +130% |
| Cash at bank and in hand | 54/58 | €169,786 | €192,818 | +€23,032 | +13.6% |
| Deferred charges and accrued income | 490/1 | €6,181 | €5,299 | -€882 | -14.3% |
| Total equity and liabilities | 10/49 | €297,282 | €322,943 | +€25,661 | +8.6% |
| Equity | 10/15 | €164,411 | €164,411 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,811 | €145,811 | = | 0.0% |
| Distributable reserves | 133 | €145,811 | €145,811 | = | 0.0% |
| Amounts payable | 17/49 | €132,870 | €158,531 | +€25,661 | +19.3% |
| Amounts payable after more than one year | 17 | €23,881 | €15,188 | -€8,693 | -36.4% |
| Financial debts | 170/4 | €23,881 | €15,188 | -€8,693 | -36.4% |
| Amounts payable within one year | 42/48 | €107,689 | €143,107 | +€35,418 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €18,725 | €8,693 | -€10,032 | -53.6% |
| Trade debts | 44 | €2,975 | €6,394 | +€3,419 | +115% |
| Suppliers | 440/4 | €2,975 | €6,394 | +€3,419 | +115% |
| Taxes, remuneration and social security | 45 | €557 | €43,818 | +€43,261 | +7,763% |
| Taxes | 450/3 | €557 | €43,818 | +€43,261 | +7,763% |
| Other amounts payable | 47/48 | €85,432 | €84,202 | -€1,229 | -1.4% |
| Accrued charges and deferred income | 492/3 | €1,300 | €236 | -€1,064 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,986 | €18,798 | +€6,812 | +56.8% |
| Other operating charges | 640/8 | €454 | €252 | -€202 | -44.5% |
| Gross operating margin | 9900 | €112,451 | €145,152 | +€32,701 | +29.1% |
| Operating profit (loss) | 9901 | €100,012 | €126,102 | +€26,091 | +26.1% |
| Financial income | 75/76B | €0 | €462 | +€462 | +2,310,800% |
| Recurring financial income | 75 | €0 | €462 | +€462 | +2,310,800% |
| Financial charges | 65/66B | €3,006 | €1,618 | -€1,388 | -46.2% |
| Recurring financial charges | 65 | €3,006 | €1,618 | -€1,388 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €97,005 | €124,946 | +€27,941 | +28.8% |
| Income taxes | 67/77 | €20,387 | €29,382 | +€8,995 | +44.1% |
| Profit (loss) for the period | 9904 | €76,618 | €95,565 | +€18,946 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,618 | €95,565 | +€18,946 | +24.7% |
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 24 October 2026 via checked.be.