Ets Mathos: 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.
Ets Mathos
Largest movements
- Cash -€8,716
down €8,716 (-44.2%), from €19,721 to €11,005
mainly Tax, wage and social debts (-€7,027) and Investment in fixed assets (net) (-€6,249)
- Tangible fixed assets +€1,955
up €1,955 (+15.9%), from €12,268 to €14,223
of which Furniture and vehicles: +€3,089
- Tax, wage and social debts -€7,027
down €7,027 (-78.5%), from €8,956 to €1,929
of which Taxes: -€7,027
- Other debts -€5,400
down €5,400 (-98.2%), from €5,500 to €100
- Profit (loss) carried forward +€5,094
up €5,094 (+17.7%), from €28,782 to €33,876
- Trade debts +€1,291
up €1,291 (+5.7%), from €22,785 to €24,076
- Gross operating margin -€24,123
down €24,123 (-63.7%), from €37,894 to €13,772
- Taxes -€3,714
down €3,714 (-65.8%), from €5,643 to €1,929
- Depreciation +€1,738
up €1,738 (+68.0%), from €2,556 to €4,294
- Other operating charges +€1,565
up €1,565 (+374.0%), from €419 to €1,984
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 | €76,024 | €69,981 | -€6,042 | -7.9% |
| Fixed assets | 21/28 | €12,268 | €14,223 | +€1,955 | +15.9% |
| Tangible fixed assets | 22/27 | €12,268 | €14,223 | +€1,955 | +15.9% |
| Plant, machinery and equipment | 23 | €4,536 | €3,402 | -€1,134 | -25.0% |
| Furniture and vehicles | 24 | €7,731 | €10,820 | +€3,089 | +40.0% |
| Current assets | 29/58 | €63,756 | €55,759 | -€7,997 | -12.5% |
| Amounts receivable within one year | 40/41 | €44,022 | €44,754 | +€731 | +1.7% |
| Trade receivables | 40 | €36,943 | €36,223 | -€720 | -1.9% |
| Other amounts receivable | 41 | €7,080 | €8,531 | +€1,451 | +20.5% |
| Cash at bank and in hand | 54/58 | €19,721 | €11,005 | -€8,716 | -44.2% |
| Deferred charges and accrued income | 490/1 | €13 | €0 | -€13 | -100.0% |
| Total equity and liabilities | 10/49 | €76,024 | €69,981 | -€6,042 | -7.9% |
| Equity | 10/15 | €38,782 | €43,876 | +€5,094 | +13.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,782 | €33,876 | +€5,094 | +17.7% |
| Amounts payable | 17/49 | €37,242 | €26,105 | -€11,136 | -29.9% |
| Amounts payable within one year | 42/48 | €37,242 | €26,105 | -€11,136 | -29.9% |
| Trade debts | 44 | €22,785 | €24,076 | +€1,291 | +5.7% |
| Suppliers | 440/4 | €22,785 | €24,076 | +€1,291 | +5.7% |
| Taxes, remuneration and social security | 45 | €8,956 | €1,929 | -€7,027 | -78.5% |
| Taxes | 450/3 | €8,956 | €1,929 | -€7,027 | -78.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,500 | €100 | -€5,400 | -98.2% |
| Remuneration, social security and pensions | 62 | €96 | €0 | -€96 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,556 | €4,294 | +€1,738 | +68.0% |
| Other operating charges | 640/8 | €419 | €1,984 | +€1,565 | +374.0% |
| Gross operating margin | 9900 | €37,894 | €13,772 | -€24,123 | -63.7% |
| Operating profit (loss) | 9901 | €34,824 | €7,494 | -€27,330 | -78.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €399 | €471 | +€72 | +17.9% |
| Recurring financial charges | 65 | €399 | €471 | +€72 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €34,425 | €7,023 | -€27,402 | -79.6% |
| Income taxes | 67/77 | €5,643 | €1,929 | -€3,714 | -65.8% |
| Profit (loss) for the period | 9904 | €28,782 | €5,094 | -€23,688 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,782 | €5,094 | -€23,688 | -82.3% |
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 30 September 2026 via checked.be.