IMMO MATHAY: what changed
IMMO MATHAY
Largest movements
- Receivables within one year +€10,774
new in 2025: €10,774
of which Trade receivables: +€6,800
- Receivables after one year -€5,430
no longer reported in 2025 (was €5,430)
of which Trade receivables: -€3,400
- Tangible fixed assets +€1,499
up €1,499 (+2.4%), from €61,981 to €63,480
of which Other tangible fixed assets: +€3,585
- Deferred charges and accrued income -€1,013
down €1,013 (-90.8%), from €1,116 to €102
- Cash -€938
down €938 (-22.5%), from €4,169 to €3,231
mainly Receivables within one year (-€10,774) and Investment in fixed assets (net) (-€8,875)
- Profit (loss) carried forward +€4,585
up €4,585 (+124%), from €3,696 to €8,281
- Other debts -€1,982
no longer reported in 2025 (was €1,982)
- Debts after one year +€1,500
up €1,500 (+42.9%), from €3,500 to €5,000
- Trade debts +€789
up €789 (+30.2%), from €2,615 to €3,404
- Depreciation -€7,637
down €7,637 (-50.9%), from €15,012 to €7,375
- Gross operating margin -€4,449
down €4,449 (-20.0%), from €22,296 to €17,847
- Taxes +€583
up €583 (+141%), from €413 to €996
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,695 | €77,587 | +€4,892 | +6.7% |
| Fixed assets | 21/28 | €61,981 | €63,480 | +€1,499 | +2.4% |
| Tangible fixed assets | 22/27 | €61,981 | €63,480 | +€1,499 | +2.4% |
| Land and buildings | 22 | €23,674 | €23,674 | = | 0.0% |
| Furniture and vehicles | 24 | €5,215 | €3,129 | -€2,086 | -40.0% |
| Other tangible fixed assets | 26 | €33,092 | €36,677 | +€3,585 | +10.8% |
| Current assets | 29/58 | €10,715 | €14,107 | +€3,393 | +31.7% |
| Amounts receivable after more than one year | 29 | €5,430 | - | -€5,430 | |
| Trade receivables | 290 | €3,400 | - | -€3,400 | |
| Other amounts receivable | 291 | €2,030 | - | -€2,030 | |
| Amounts receivable within one year | 40/41 | - | €10,774 | +€10,774 | |
| Trade receivables | 40 | - | €6,800 | +€6,800 | |
| Other amounts receivable | 41 | - | €3,974 | +€3,974 | |
| Cash at bank and in hand | 54/58 | €4,169 | €3,231 | -€938 | -22.5% |
| Deferred charges and accrued income | 490/1 | €1,116 | €102 | -€1,013 | -90.8% |
| Total equity and liabilities | 10/49 | €72,695 | €77,587 | +€4,892 | +6.7% |
| Equity | 10/15 | €64,598 | €69,183 | +€4,585 | +7.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €23,718 | €23,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,696 | €8,281 | +€4,585 | +124% |
| Amounts payable | 17/49 | €8,097 | €8,404 | +€307 | +3.8% |
| Amounts payable after more than one year | 17 | €3,500 | €5,000 | +€1,500 | +42.9% |
| Other amounts payable | 178/9 | €3,500 | €5,000 | +€1,500 | +42.9% |
| Amounts payable within one year | 42/48 | €4,597 | €3,404 | -€1,193 | -25.9% |
| Trade debts | 44 | €2,615 | €3,404 | +€789 | +30.2% |
| Suppliers | 440/4 | €2,615 | €3,404 | +€789 | +30.2% |
| Other amounts payable | 47/48 | €1,982 | - | -€1,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,012 | €7,375 | -€7,637 | -50.9% |
| Other operating charges | 640/8 | €4,378 | €4,515 | +€138 | +3.1% |
| Gross operating margin | 9900 | €22,296 | €17,847 | -€4,449 | -20.0% |
| Operating profit (loss) | 9901 | €2,906 | €5,956 | +€3,050 | +105% |
| Financial income | 75/76B | €1 | €142 | +€141 | +14,142% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +2,042% |
| Non-recurring financial income | 76B | - | €121 | +€121 | |
| Financial charges | 65/66B | €490 | €518 | +€28 | +5.6% |
| Recurring financial charges | 65 | €490 | €518 | +€28 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €2,417 | €5,581 | +€3,164 | +131% |
| Income taxes | 67/77 | €413 | €996 | +€583 | +141% |
| Profit (loss) for the period | 9904 | €2,004 | €4,585 | +€2,580 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €2,004 | €4,585 | +€2,580 | +129% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.