HOLDING MATHURIN: 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.
HOLDING MATHURIN
Largest movements
- Deferred charges and accrued income +€107,619
up €107,619 (+5951.2%), from €1,808 to €109,427
- Tangible fixed assets -€32,852
down €32,852 (-88.8%), from €36,980 to €4,128
- Profit (loss) carried forward +€135,429
up €135,429 (+52.0%), from €260,536 to €395,965
- Debts after one year -€35,182
down €35,182 (-21.3%), from €165,153 to €129,971
of which Financial debts: -€35,182
- Other debts -€19,243
down €19,243 (-6.8%), from €283,048 to €263,805
- Current portion of long-term debt -€9,718
down €9,718 (-45.8%), from €21,206 to €11,487
- Gross operating margin -€29,360
down €29,360 (-77.3%), from €37,979 to €8,620
- Financial income +€19,821
up €19,821 (+16.5%), from €120,346 to €140,167
- Depreciation -€10,509
down €10,509 (-86.0%), from €12,223 to €1,714
- Taxes +€3,107
up €3,107, from -€2,107 to €1,000
- Other operating charges +€1,404
up €1,404 (+22.6%), from €6,212 to €7,616
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 | €754,392 | €822,927 | +€68,535 | +9.1% |
| Fixed assets | 21/28 | €703,646 | €670,794 | -€32,852 | -4.7% |
| Tangible fixed assets | 22/27 | €36,980 | €4,128 | -€32,852 | -88.8% |
| Furniture and vehicles | 24 | €36,980 | €4,128 | -€32,852 | -88.8% |
| Financial fixed assets | 28 | €666,666 | €666,666 | = | 0.0% |
| Current assets | 29/58 | €50,746 | €152,133 | +€101,387 | +199.8% |
| Amounts receivable within one year | 40/41 | €5,446 | €6,757 | +€1,311 | +24.1% |
| Other amounts receivable | 41 | €5,446 | €6,757 | +€1,311 | +24.1% |
| Cash at bank and in hand | 54/58 | €43,491 | €35,949 | -€7,542 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,808 | €109,427 | +€107,619 | +5951.2% |
| Total equity and liabilities | 10/49 | €754,392 | €822,927 | +€68,535 | +9.1% |
| Equity | 10/15 | €280,996 | €416,425 | +€135,429 | +48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,536 | €395,965 | +€135,429 | +52.0% |
| Amounts payable | 17/49 | €473,396 | €406,502 | -€66,894 | -14.1% |
| Amounts payable after more than one year | 17 | €165,153 | €129,971 | -€35,182 | -21.3% |
| Financial debts | 170/4 | €49,230 | €14,048 | -€35,182 | -71.5% |
| Other amounts payable | 178/9 | €115,923 | €115,923 | = | 0.0% |
| Amounts payable within one year | 42/48 | €308,243 | €276,531 | -€31,712 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €21,206 | €11,487 | -€9,718 | -45.8% |
| Trade debts | 44 | - | €1,239 | +€1,239 | |
| Suppliers | 440/4 | - | €1,239 | +€1,239 | |
| Taxes, remuneration and social security | 45 | €3,989 | - | -€3,989 | |
| Taxes | 450/3 | €3,989 | - | -€3,989 | |
| Other amounts payable | 47/48 | €283,048 | €263,805 | -€19,243 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,223 | €1,714 | -€10,509 | -86.0% |
| Other operating charges | 640/8 | €6,212 | €7,616 | +€1,404 | +22.6% |
| Non-recurring operating charges | 66A | €38,950 | - | -€38,950 | |
| Gross operating margin | 9900 | €37,979 | €8,620 | -€29,360 | -77.3% |
| Operating profit (loss) | 9901 | -€19,406 | -€711 | +€18,695 | +96.3% |
| Financial income | 75/76B | €120,346 | €140,167 | +€19,821 | +16.5% |
| Recurring financial income | 75 | €120,346 | €140,167 | +€19,821 | +16.5% |
| Financial charges | 65/66B | €3,798 | €3,027 | -€772 | -20.3% |
| Recurring financial charges | 65 | €3,798 | €3,027 | -€772 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €97,142 | €136,429 | +€39,288 | +40.4% |
| Income taxes | 67/77 | -€2,107 | €1,000 | +€3,107 | |
| Profit (loss) for the period | 9904 | €99,249 | €135,429 | +€36,181 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,249 | €135,429 | +€36,181 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.