MATHAN: 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.
MATHAN
Largest movements
- Cash +€61,479
up €61,479 (+162.3%), from €37,885 to €99,364
mainly Net result for the year (+€111,102) and Depreciation (+€13,166)
- Receivables within one year +€19,522
up €19,522 (+356.4%), from €5,478 to €25,000
of which Trade receivables: +€25,000
- Tangible fixed assets -€13,166
down €13,166 (-2.7%), from €485,443 to €472,277
of which Land and buildings: -€11,352
- Reserves +€99,100
up €99,100 (+54.8%), from €181,000 to €280,100
- Debts after one year -€38,034
down €38,034 (-10.8%), from €352,323 to €314,289
- Gross operating margin +€96,960
up €96,960 (+83.9%), from €115,614 to €212,574
- Taxes +€27,842
up €27,842 (+131.8%), from €21,132 to €48,974
- Staff costs +€19,305
up €19,305 (+147.3%), from €13,102 to €32,407
- Financial income +€13,018
up €13,018 (+101148.3%), from €13 to €13,031
- Depreciation -€4,478
down €4,478 (-25.4%), from €17,644 to €13,166
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 | €1,005,906 | €1,073,858 | +€67,952 | +6.8% |
| Fixed assets | 21/28 | €960,346 | €947,180 | -€13,166 | -1.4% |
| Tangible fixed assets | 22/27 | €485,443 | €472,277 | -€13,166 | -2.7% |
| Land and buildings | 22 | €478,448 | €467,096 | -€11,352 | -2.4% |
| Furniture and vehicles | 24 | €6,995 | €5,181 | -€1,814 | -25.9% |
| Financial fixed assets | 28 | €474,903 | €474,903 | = | 0.0% |
| Current assets | 29/58 | €45,560 | €126,678 | +€81,118 | +178.0% |
| Amounts receivable within one year | 40/41 | €5,478 | €25,000 | +€19,522 | +356.4% |
| Trade receivables | 40 | €0 | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €5,478 | €0 | -€5,478 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,885 | €99,364 | +€61,479 | +162.3% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,314 | +€117 | +5.3% |
| Total equity and liabilities | 10/49 | €1,005,906 | €1,073,858 | +€67,952 | +6.8% |
| Equity | 10/15 | €495,433 | €594,535 | +€99,102 | +20.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €181,000 | €280,100 | +€99,100 | +54.8% |
| Distributable reserves | 133 | €181,000 | €280,100 | +€99,100 | +54.8% |
| Profit (loss) carried forward | 14 | €264,433 | €264,435 | +€2 | 0.0% |
| Provisions and deferred taxes | 16 | €43,591 | €43,591 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €43,591 | €43,591 | = | 0.0% |
| Pensions and similar obligations | 160 | €43,591 | €43,591 | = | 0.0% |
| Amounts payable | 17/49 | €466,882 | €435,732 | -€31,150 | -6.7% |
| Amounts payable after more than one year | 17 | €352,323 | €314,289 | -€38,034 | -10.8% |
| Financial debts | 170/4 | €352,323 | €314,289 | -€38,034 | -10.8% |
| Amounts payable within one year | 42/48 | €114,560 | €121,444 | +€6,884 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €31,768 | €32,630 | +€863 | +2.7% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,157 | €2,132 | -€1,025 | -32.5% |
| Suppliers | 440/4 | €3,157 | €2,132 | -€1,025 | -32.5% |
| Taxes, remuneration and social security | 45 | €10,399 | €19,125 | +€8,726 | +83.9% |
| Taxes | 450/3 | €8,857 | €17,548 | +€8,691 | +98.1% |
| Remuneration and social security | 454/9 | €1,542 | €1,577 | +€35 | +2.3% |
| Other amounts payable | 47/48 | €69,236 | €67,556 | -€1,680 | -2.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,102 | €32,407 | +€19,305 | +147.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,644 | €13,166 | -€4,478 | -25.4% |
| Other operating charges | 640/8 | €3,013 | €3,127 | +€114 | +3.8% |
| Gross operating margin | 9900 | €115,614 | €212,574 | +€96,960 | +83.9% |
| Operating profit (loss) | 9901 | €81,855 | €163,874 | +€82,019 | +100.2% |
| Financial income | 75/76B | €13 | €13,031 | +€13,018 | +101148.3% |
| Recurring financial income | 75 | €13 | €13,031 | +€13,018 | +101148.3% |
| Financial charges | 65/66B | €14,580 | €16,828 | +€2,249 | +15.4% |
| Recurring financial charges | 65 | €14,580 | €16,828 | +€2,249 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €67,288 | €160,076 | +€92,788 | +137.9% |
| Income taxes | 67/77 | €21,132 | €48,974 | +€27,842 | +131.8% |
| Profit (loss) for the period | 9904 | €46,156 | €111,102 | +€64,946 | +140.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,156 | €111,102 | +€64,946 | +140.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.