MATHALEX CONSULTING: 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.
MATHALEX CONSULTING
Largest movements
- Cash -€151,451
down €151,451 (-71.4%), from €212,034 to €60,583
mainly Contributions, distributions and other (-€205,294) and Tax, wage and social debts (-€17,637)
- Receivables within one year -€17,744
down €17,744 (-23.0%), from €77,145 to €59,400
of which Trade receivables: -€23,382
- Financial fixed assets +€8,567
up €8,567 (+18.9%), from €45,266 to €53,833
- Deferred charges and accrued income -€7,510
down €7,510 (-78.4%), from €9,576 to €2,067
- Tangible fixed assets +€3,907
up €3,907 (+59.1%), from €6,614 to €10,521
of which Furniture and vehicles: +€3,907
- Reserves -€189,522
down €189,522 (-55.9%), from €339,047 to €149,525
- Profit (loss) carried forward +€30,668
up €30,668, from -€30,668 to €0
- Tax, wage and social debts -€17,637
down €17,637 (-65.0%), from €27,147 to €9,510
- Trade debts +€9,342
up €9,342 (+76.3%), from €12,250 to €21,592
- Gross operating margin +€56,888
up €56,888 (+261.4%), from €21,761 to €78,650
- Financial charges -€29,760
down €29,760 (-93.0%), from €32,010 to €2,250
of which Non-recurring financial charges: -€30,734
- Taxes +€21,106
up €21,106 (+487.0%), from €4,333 to €25,440
- Financial income +€8,567
up €8,567, from €0 to €8,567
of which Non-recurring financial income: +€8,567
- Other operating charges +€8,092
up €8,092 (+475.9%), from €1,700 to €9,793
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 | €350,636 | €186,404 | -€164,232 | -46.8% |
| Fixed assets | 21/28 | €51,881 | €64,354 | +€12,474 | +24.0% |
| Tangible fixed assets | 22/27 | €6,614 | €10,521 | +€3,907 | +59.1% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,614 | €10,521 | +€3,907 | +59.1% |
| Financial fixed assets | 28 | €45,266 | €53,833 | +€8,567 | +18.9% |
| Current assets | 29/58 | €298,755 | €122,050 | -€176,705 | -59.1% |
| Amounts receivable within one year | 40/41 | €77,145 | €59,400 | -€17,744 | -23.0% |
| Trade receivables | 40 | €73,478 | €50,096 | -€23,382 | -31.8% |
| Other amounts receivable | 41 | €3,667 | €9,304 | +€5,638 | +153.8% |
| Cash at bank and in hand | 54/58 | €212,034 | €60,583 | -€151,451 | -71.4% |
| Deferred charges and accrued income | 490/1 | €9,576 | €2,067 | -€7,510 | -78.4% |
| Total equity and liabilities | 10/49 | €350,636 | €186,404 | -€164,232 | -46.8% |
| Equity | 10/15 | €308,980 | €150,125 | -€158,854 | -51.4% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €339,047 | €149,525 | -€189,522 | -55.9% |
| Distributable reserves | 133 | €339,047 | €149,525 | -€189,522 | -55.9% |
| Profit (loss) carried forward | 14 | -€30,668 | €0 | +€30,668 | |
| Amounts payable | 17/49 | €41,656 | €36,279 | -€5,377 | -12.9% |
| Amounts payable within one year | 42/48 | €41,619 | €34,089 | -€7,529 | -18.1% |
| Financial debts | 43 | €657 | €1,396 | +€739 | +112.5% |
| Credit institutions | 430/8 | €657 | €1,396 | +€739 | +112.5% |
| Trade debts | 44 | €12,250 | €21,592 | +€9,342 | +76.3% |
| Suppliers | 440/4 | €12,250 | €21,592 | +€9,342 | +76.3% |
| Taxes, remuneration and social security | 45 | €27,147 | €9,510 | -€17,637 | -65.0% |
| Taxes | 450/3 | €27,147 | €9,510 | -€17,637 | -65.0% |
| Other amounts payable | 47/48 | €1,565 | €1,592 | +€27 | +1.7% |
| Accrued charges and deferred income | 492/3 | €37 | €2,189 | +€2,152 | +5740.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,249 | €3,295 | +€1,047 | +46.6% |
| Other operating charges | 640/8 | €1,700 | €9,793 | +€8,092 | +475.9% |
| Non-recurring operating charges | 66A | €12,137 | €0 | -€12,137 | -100.0% |
| Gross operating margin | 9900 | €21,761 | €78,650 | +€56,888 | +261.4% |
| Operating profit (loss) | 9901 | €5,676 | €65,562 | +€59,886 | +1055.1% |
| Financial income | 75/76B | €0 | €8,567 | +€8,567 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €8,567 | +€8,567 | |
| Financial charges | 65/66B | €32,010 | €2,250 | -€29,760 | -93.0% |
| Recurring financial charges | 65 | €1,276 | €2,250 | +€974 | +76.3% |
| Non-recurring financial charges | 66B | €30,734 | €0 | -€30,734 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,334 | €71,879 | +€98,214 | |
| Income taxes | 67/77 | €4,333 | €25,440 | +€21,106 | +487.0% |
| Profit (loss) for the period | 9904 | -€30,668 | €46,440 | +€77,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,668 | €46,440 | +€77,107 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.