Dr Mathilde Delait: 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 Mathilde Delait
Largest movements
- Cash +€51,993
up €51,993 (+667.8%), from €7,786 to €59,780
mainly Net result for the year (+€60,969) and Tax, wage and social debts (+€15,532)
- Deferred charges and accrued income +€8,561
up €8,561 (+297.9%), from €2,874 to €11,435
- Financial fixed assets +€5,000
new in 2025: €5,000
- Tangible fixed assets -€2,620
down €2,620 (-25.3%), from €10,347 to €7,727
- Profit (loss) carried forward +€60,969
up €60,969 (+1489.5%), from €4,093 to €65,062
- Tax, wage and social debts +€15,532
up €15,532 (+1355.0%), from €1,146 to €16,678
- Other debts -€12,978
down €12,978 (-99.8%), from €13,000 to €22
- Gross operating margin +€76,239
up €76,239 (+1375.4%), from €5,543 to €81,782
- Taxes +€15,545
up €15,545 (+1356.1%), from €1,146 to €16,691
- Depreciation +€3,654
up €3,654 (+2388.4%), from €153 to €3,807
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 | €21,007 | €83,942 | +€62,935 | +299.6% |
| Fixed assets | 21/28 | €10,347 | €12,727 | +€2,380 | +23.0% |
| Tangible fixed assets | 22/27 | €10,347 | €7,727 | -€2,620 | -25.3% |
| Furniture and vehicles | 24 | €10,347 | €7,727 | -€2,620 | -25.3% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €10,660 | €71,215 | +€60,555 | +568.1% |
| Cash at bank and in hand | 54/58 | €7,786 | €59,780 | +€51,993 | +667.8% |
| Deferred charges and accrued income | 490/1 | €2,874 | €11,435 | +€8,561 | +297.9% |
| Total equity and liabilities | 10/49 | €21,007 | €83,942 | +€62,935 | +299.6% |
| Equity | 10/15 | €5,093 | €66,062 | +€60,969 | +1197.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,093 | €65,062 | +€60,969 | +1489.5% |
| Amounts payable | 17/49 | €15,914 | €17,879 | +€1,966 | +12.4% |
| Amounts payable within one year | 42/48 | €15,914 | €17,879 | +€1,966 | +12.4% |
| Trade debts | 44 | €1,768 | €1,179 | -€588 | -33.3% |
| Suppliers | 440/4 | €1,768 | €1,179 | -€588 | -33.3% |
| Taxes, remuneration and social security | 45 | €1,146 | €16,678 | +€15,532 | +1355.0% |
| Taxes | 450/3 | €1,146 | €16,678 | +€15,532 | +1355.0% |
| Other amounts payable | 47/48 | €13,000 | €22 | -€12,978 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | €3,807 | +€3,654 | +2388.4% |
| Other operating charges | 640/8 | €92 | €183 | +€91 | +99.3% |
| Gross operating margin | 9900 | €5,543 | €81,782 | +€76,239 | +1375.4% |
| Operating profit (loss) | 9901 | €5,298 | €77,792 | +€72,494 | +1368.3% |
| Financial charges | 65/66B | €59 | €132 | +€73 | +124.7% |
| Recurring financial charges | 65 | €59 | €132 | +€73 | +124.7% |
| Profit (loss) for the period before taxes | 9903 | €5,240 | €77,660 | +€72,420 | +1382.2% |
| Income taxes | 67/77 | €1,146 | €16,691 | +€15,545 | +1356.1% |
| Profit (loss) for the period | 9904 | €4,093 | €60,969 | +€56,876 | +1389.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,093 | €60,969 | +€56,876 | +1389.5% |
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 7 October 2026 via checked.be.