MATH COMPUTERS: 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.
MATH COMPUTERS
Largest movements
- Stocks and contracts -€49,421
down €49,421 (-31.9%), from €154,805 to €105,384
- Receivables within one year +€48,693
up €48,693 (+76.1%), from €64,015 to €112,707
of which Other amounts receivable: +€29,745
- Cash +€37,919
up €37,919 (+772.3%), from €4,910 to €42,828
mainly Trade debts (+€88,126) and Stocks and contracts (+€49,421)
- Trade debts +€88,126
up €88,126 (+834.2%), from €10,564 to €98,690
- Profit (loss) carried forward +€71,162
up €71,162, from -€65,397 to €5,765
- Reserves -€60,000
down €60,000 (-43.8%), from €136,860 to €76,860
of which Distributable reserves: -€58,140
- Accrued charges and deferred income -€33,497
no longer reported in 2025 (was €33,497)
- Tax, wage and social debts -€16,154
down €16,154 (-73.5%), from €21,982 to €5,828
- Staff costs -€43,272
down €43,272 (-98.0%), from €44,167 to €895
- Gross operating margin +€13,758
up €13,758 (+103.8%), from €13,257 to €27,016
- Financial income -€5,548
down €5,548 (-94.4%), from €5,876 to €327
of which Financial income: -€5,758
- Financial charges -€3,259
down €3,259 (-21.9%), from €14,868 to €11,609
of which Financial charges: -€3,299
- Other operating charges -€1,762
down €1,762 (-46.5%), from €3,787 to €2,025
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 | €292,356 | €326,994 | +€34,638 | +11.8% |
| Fixed assets | 21/28 | €65,128 | €63,909 | -€1,219 | -1.9% |
| Tangible fixed assets | 22/27 | €65,128 | €63,909 | -€1,219 | -1.9% |
| Other tangible fixed assets | 26 | €65,128 | €63,909 | -€1,219 | -1.9% |
| Current assets | 29/58 | €227,228 | €263,085 | +€35,857 | +15.8% |
| Stocks and contracts in progress | 3 | €154,805 | €105,384 | -€49,421 | -31.9% |
| Stocks | 30/36 | €154,805 | €105,384 | -€49,421 | -31.9% |
| Amounts receivable within one year | 40/41 | €64,015 | €112,707 | +€48,693 | +76.1% |
| Trade receivables | 40 | - | €18,947 | +€18,947 | |
| Other amounts receivable | 41 | €64,015 | €93,760 | +€29,745 | +46.5% |
| Cash at bank and in hand | 54/58 | €4,910 | €42,828 | +€37,919 | +772.3% |
| Deferred charges and accrued income | 490/1 | €3,498 | €2,165 | -€1,333 | -38.1% |
| Total equity and liabilities | 10/49 | €292,356 | €326,994 | +€34,638 | +11.8% |
| Equity | 10/15 | €90,063 | €101,225 | +€11,162 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,860 | €76,860 | -€60,000 | -43.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €135,000 | €76,860 | -€58,140 | -43.1% |
| Profit (loss) carried forward | 14 | -€65,397 | €5,765 | +€71,162 | |
| Amounts payable | 17/49 | €202,293 | €225,768 | +€23,475 | +11.6% |
| Amounts payable after more than one year | 17 | €21,250 | €6,250 | -€15,000 | -70.6% |
| Financial debts | 170/4 | €21,250 | €6,250 | -€15,000 | -70.6% |
| Amounts payable within one year | 42/48 | €147,546 | €219,518 | +€71,972 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €10,564 | €98,690 | +€88,126 | +834.2% |
| Suppliers | 440/4 | €10,564 | €98,690 | +€88,126 | +834.2% |
| Taxes, remuneration and social security | 45 | €21,982 | €5,828 | -€16,154 | -73.5% |
| Taxes | 450/3 | €21,982 | €5,828 | -€16,154 | -73.5% |
| Accrued charges and deferred income | 492/3 | €33,497 | - | -€33,497 | |
| Remuneration, social security and pensions | 62 | €44,167 | €895 | -€43,272 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €1,219 | = | 0.0% |
| Other operating charges | 640/8 | €3,787 | €2,025 | -€1,762 | -46.5% |
| Gross operating margin | 9900 | €13,257 | €27,016 | +€13,758 | +103.8% |
| Operating profit (loss) | 9901 | -€35,916 | €22,877 | +€58,793 | |
| Financial income | 75/76B | €5,876 | €327 | -€5,548 | -94.4% |
| Recurring financial income | 75 | €5,876 | €118 | -€5,758 | -98.0% |
| Non-recurring financial income | 76B | - | €209 | +€209 | |
| Financial charges | 65/66B | €14,868 | €11,609 | -€3,259 | -21.9% |
| Recurring financial charges | 65 | €14,868 | €11,569 | -€3,299 | -22.2% |
| Non-recurring financial charges | 66B | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | -€44,908 | €11,595 | +€56,504 | |
| Income taxes | 67/77 | €341 | €433 | +€92 | +27.0% |
| Profit (loss) for the period | 9904 | -€45,249 | €11,162 | +€56,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,249 | €11,162 | +€56,412 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.