MATH RiZK: 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.
MATH RiZK
Largest movements
- Deferred charges and accrued income -€3,303
down €3,303 (-91.8%), from €3,599 to €296
- Current investments -€2,876
down €2,876 (-97.8%), from €2,940 to €64
- Receivables within one year +€2,116
up €2,116 (+37.9%), from €5,582 to €7,697
of which Trade receivables: +€2,391
- Tangible fixed assets -€1,717
no longer reported in 2024 (was €1,717)
- Cash -€433
down €433 (-18.4%), from €2,357 to €1,925
mainly Net result for the year (-€6,937) and Receivables within one year (-€2,116)
- Profit (loss) carried forward -€6,937
down €6,937 (-94.0%), from €7,377 to €439
- Trade debts +€523
up €523 (+299%), from €175 to €698
- Tax, wage and social debts +€354
up €354 (+134%), from €263 to €617
- Gross operating margin -€8,114
down €8,114, from €2,843 to -€5,270
- Depreciation -€920
no longer reported in 2024 (was €920)
- Other operating charges +€701
up €701 (+127%), from €553 to €1,254
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,196 | €9,982 | -€6,214 | -38.4% |
| Fixed assets | 21/28 | €1,717 | - | -€1,717 | |
| Tangible fixed assets | 22/27 | €1,717 | - | -€1,717 | |
| Furniture and vehicles | 24 | €1,717 | - | -€1,717 | |
| Current assets | 29/58 | €14,479 | €9,982 | -€4,497 | -31.1% |
| Amounts receivable within one year | 40/41 | €5,582 | €7,697 | +€2,116 | +37.9% |
| Trade receivables | 40 | €5,130 | €7,521 | +€2,391 | +46.6% |
| Other amounts receivable | 41 | €452 | €177 | -€275 | -60.8% |
| Current investments | 50/53 | €2,940 | €64 | -€2,876 | -97.8% |
| Cash at bank and in hand | 54/58 | €2,357 | €1,925 | -€433 | -18.4% |
| Deferred charges and accrued income | 490/1 | €3,599 | €296 | -€3,303 | -91.8% |
| Total equity and liabilities | 10/49 | €16,196 | €9,982 | -€6,214 | -38.4% |
| Equity | 10/15 | €15,436 | €8,498 | -€6,937 | -44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,377 | €439 | -€6,937 | -94.0% |
| Amounts payable | 17/49 | €760 | €1,484 | +€723 | +95.1% |
| Amounts payable within one year | 42/48 | €760 | €1,484 | +€723 | +95.1% |
| Trade debts | 44 | €175 | €698 | +€523 | +299% |
| Suppliers | 440/4 | €175 | €698 | +€523 | +299% |
| Taxes, remuneration and social security | 45 | €263 | €617 | +€354 | +134% |
| Taxes | 450/3 | €263 | €617 | +€354 | +134% |
| Other amounts payable | 47/48 | €322 | €168 | -€154 | -47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €920 | - | -€920 | |
| Other operating charges | 640/8 | €553 | €1,254 | +€701 | +127% |
| Gross operating margin | 9900 | €2,843 | -€5,270 | -€8,114 | |
| Operating profit (loss) | 9901 | €1,370 | -€6,525 | -€7,895 | |
| Financial income | 75/76B | €14 | €19 | +€5 | +38.0% |
| Recurring financial income | 75 | €14 | €19 | +€5 | +38.0% |
| Financial charges | 65/66B | €336 | €286 | -€50 | -14.9% |
| Recurring financial charges | 65 | €336 | €286 | -€50 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €1,048 | -€6,791 | -€7,839 | |
| Income taxes | 67/77 | €140 | €146 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | €908 | -€6,937 | -€7,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €908 | -€6,937 | -€7,845 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.