Dr. Mathijs: 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.
Dr. Mathijs
Largest movements
- Receivables within one year +€16,755
new in 2025: €16,755
- Cash +€14,483
up €14,483 (+216.5%), from €6,688 to €21,171
mainly Net result for the year (+€33,858) and Tax, wage and social debts (+€5,507)
- Deferred charges and accrued income +€3,662
up €3,662 (+17.7%), from €20,744 to €24,406
- Tangible fixed assets +€2,669
up €2,669 (+313.0%), from €853 to €3,522
of which Furniture and vehicles: +€2,814
- Reserves +€20,597
up €20,597 (+72.8%), from €28,297 to €48,895
- Profit (loss) carried forward +€13,261
no longer reported in 2025 (was -€13,261)
- Tax, wage and social debts +€5,507
up €5,507 (+130.4%), from €4,223 to €9,731
of which Taxes: +€5,555
- Trade debts -€1,324
down €1,324 (-37.3%), from €3,552 to €2,228
- Gross operating margin +€52,718
up €52,718, from -€12,952 to €39,765
- Taxes +€5,379
up €5,379 (+3062.6%), from €176 to €5,555
- Depreciation +€503
up €503 (+153.7%), from €327 to €830
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 | €28,285 | €65,853 | +€37,569 | +132.8% |
| Fixed assets | 21/28 | €853 | €3,522 | +€2,669 | +313.0% |
| Tangible fixed assets | 22/27 | €853 | €3,522 | +€2,669 | +313.0% |
| Plant, machinery and equipment | 23 | €616 | €471 | -€145 | -23.5% |
| Furniture and vehicles | 24 | €237 | €3,051 | +€2,814 | +1189.1% |
| Current assets | 29/58 | €27,432 | €62,331 | +€34,899 | +127.2% |
| Amounts receivable within one year | 40/41 | - | €16,755 | +€16,755 | |
| Other amounts receivable | 41 | - | €16,755 | +€16,755 | |
| Cash at bank and in hand | 54/58 | €6,688 | €21,171 | +€14,483 | +216.5% |
| Deferred charges and accrued income | 490/1 | €20,744 | €24,406 | +€3,662 | +17.7% |
| Total equity and liabilities | 10/49 | €28,285 | €65,853 | +€37,569 | +132.8% |
| Equity | 10/15 | €20,037 | €53,895 | +€33,858 | +169.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,297 | €48,895 | +€20,597 | +72.8% |
| Distributable reserves | 133 | €28,297 | €48,895 | +€20,597 | +72.8% |
| Profit (loss) carried forward | 14 | -€13,261 | - | +€13,261 | |
| Amounts payable | 17/49 | €8,248 | €11,959 | +€3,711 | +45.0% |
| Amounts payable within one year | 42/48 | €8,248 | €11,959 | +€3,711 | +45.0% |
| Trade debts | 44 | €3,552 | €2,228 | -€1,324 | -37.3% |
| Suppliers | 440/4 | €3,552 | €2,228 | -€1,324 | -37.3% |
| Taxes, remuneration and social security | 45 | €4,223 | €9,731 | +€5,507 | +130.4% |
| Taxes | 450/3 | €176 | €5,730 | +€5,555 | +3162.6% |
| Remuneration and social security | 454/9 | €4,048 | €4,000 | -€47 | -1.2% |
| Other amounts payable | 47/48 | €472 | - | -€472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327 | €830 | +€503 | +153.7% |
| Gross operating margin | 9900 | -€12,952 | €39,765 | +€52,718 | |
| Operating profit (loss) | 9901 | -€13,280 | €38,935 | +€52,215 | |
| Financial income | 75/76B | €194 | €477 | +€283 | +145.6% |
| Recurring financial income | 75 | €194 | €477 | +€283 | +145.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,085 | €39,413 | +€52,498 | |
| Income taxes | 67/77 | €176 | €5,555 | +€5,379 | +3062.6% |
| Profit (loss) for the period | 9904 | -€13,261 | €33,858 | +€47,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,261 | €33,858 | +€47,119 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.