M@TH CONSULTING: 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.
M@TH CONSULTING
Largest movements
- Cash +€46,165
up €46,165 (+26.6%), from €173,446 to €219,611
mainly Net result for the year (+€37,411) and Current investments (+€20,000)
- Current investments -€20,000
down €20,000 (-47.3%), from €42,266 to €22,266
- Tangible fixed assets +€6,393
up €6,393 (+307%), from €2,081 to €8,474
of which Plant, machinery and equipment: +€6,320
- Receivables within one year +€4,063
up €4,063 (+41.0%), from €9,918 to €13,982
of which Trade receivables: +€4,063
- Reserves +€37,411
up €37,411 (+18.6%), from €201,198 to €238,609
- Tax, wage and social debts -€4,459
down €4,459 (-25.3%), from €17,592 to €13,133
of which Remuneration and social security: -€6,500
- Trade debts +€3,153
up €3,153 (+104%), from €3,037 to €6,190
- Gross operating margin +€11,644
up €11,644 (+27.9%), from €41,747 to €53,391
- Taxes +€2,115
up €2,115 (+14.1%), from €15,006 to €17,121
- Financial income +€709
up €709 (+22.8%), from €3,115 to €3,823
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.
Derived cash bridge
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 | €228,810 | €264,332 | +€35,522 | +15.5% |
| Fixed assets | 21/28 | €2,081 | €8,474 | +€6,393 | +307% |
| Tangible fixed assets | 22/27 | €2,081 | €8,474 | +€6,393 | +307% |
| Plant, machinery and equipment | 23 | €814 | €7,133 | +€6,320 | +777% |
| Furniture and vehicles | 24 | €1,267 | €1,340 | +€73 | +5.8% |
| Current assets | 29/58 | €226,729 | €255,858 | +€29,129 | +12.8% |
| Amounts receivable within one year | 40/41 | €9,918 | €13,982 | +€4,063 | +41.0% |
| Trade receivables | 40 | €9,868 | €13,932 | +€4,063 | +41.2% |
| Other amounts receivable | 41 | €50 | €50 | = | 0.0% |
| Current investments | 50/53 | €42,266 | €22,266 | -€20,000 | -47.3% |
| Cash at bank and in hand | 54/58 | €173,446 | €219,611 | +€46,165 | +26.6% |
| Deferred charges and accrued income | 490/1 | €1,098 | €0 | -€1,098 | -100% |
| Total equity and liabilities | 10/49 | €228,810 | €264,332 | +€35,522 | +15.5% |
| Equity | 10/15 | €207,598 | €245,009 | +€37,411 | +18.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €201,198 | €238,609 | +€37,411 | +18.6% |
| Distributable reserves | 133 | €201,198 | €238,609 | +€37,411 | +18.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,212 | €19,323 | -€1,889 | -8.9% |
| Amounts payable within one year | 42/48 | €21,212 | €19,323 | -€1,889 | -8.9% |
| Trade debts | 44 | €3,037 | €6,190 | +€3,153 | +104% |
| Suppliers | 440/4 | €3,037 | €6,190 | +€3,153 | +104% |
| Taxes, remuneration and social security | 45 | €17,592 | €13,133 | -€4,459 | -25.3% |
| Taxes | 450/3 | €11,092 | €13,133 | +€2,041 | +18.4% |
| Remuneration and social security | 454/9 | €6,500 | €0 | -€6,500 | -100% |
| Other amounts payable | 47/48 | €583 | €0 | -€583 | -100% |
| Non-recurring operating income | 76A | €1,428 | €0 | -€1,428 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €1,835 | +€164 | +9.8% |
| Other operating charges | 640/8 | €248 | €337 | +€89 | +36.0% |
| Gross operating margin | 9900 | €41,747 | €53,391 | +€11,644 | +27.9% |
| Operating profit (loss) | 9901 | €39,828 | €51,218 | +€11,390 | +28.6% |
| Financial income | 75/76B | €3,115 | €3,823 | +€709 | +22.8% |
| Recurring financial income | 75 | €3,115 | €3,823 | +€709 | +22.8% |
| Financial charges | 65/66B | €72 | €509 | +€437 | +610% |
| Recurring financial charges | 65 | €72 | €509 | +€437 | +610% |
| Profit (loss) for the period before taxes | 9903 | €42,871 | €54,532 | +€11,661 | +27.2% |
| Income taxes | 67/77 | €15,006 | €17,121 | +€2,115 | +14.1% |
| Profit (loss) for the period | 9904 | €27,865 | €37,411 | +€9,546 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,865 | €37,411 | +€9,546 | +34.3% |
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 13 October 2026 via checked.be.