MATHELIA: 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.
MATHELIA
Largest movements
- Receivables within one year -€12,719
down €12,719 (-76.4%), from €16,650 to €3,931
- Deferred charges and accrued income -€5,637
no longer reported in 2025 (was €5,637)
- Cash +€3,506
new in 2025: €3,506
mainly Net result for the year (+€22,088) and Receivables within one year (+€12,719)
- Stocks and contracts +€346
up €346 (+17.6%), from €1,961 to €2,307
- Trade debts -€35,578
down €35,578 (-34.7%), from €102,547 to €66,969
- Profit (loss) carried forward +€22,088
up €22,088 (+19.5%), from -€113,139 to -€91,051
- Other debts +€7,340
new in 2025: €7,340
- Accrued charges and deferred income -€6,618
down €6,618 (-75.9%), from €8,718 to €2,100
- Tax, wage and social debts -€1,736
down €1,736 (-23.1%), from €7,522 to €5,786
of which Remuneration and social security: -€2,138
- Purchases and services +€31,448
up €31,448 (+10.7%), from €293,129 to €324,577
- Turnover +€28,554
up €28,554 (+7.9%), from €362,968 to €391,522
- Staff costs -€4,811
down €4,811 (-30.0%), from €16,038 to €11,227
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 | €24,248 | €9,744 | -€14,504 | -59.8% |
| Current assets | 29/58 | €24,248 | €9,744 | -€14,504 | -59.8% |
| Stocks and contracts in progress | 3 | €1,961 | €2,307 | +€346 | +17.6% |
| Stocks | 30/36 | €1,961 | €2,307 | +€346 | +17.6% |
| Amounts receivable within one year | 40/41 | €16,650 | €3,931 | -€12,719 | -76.4% |
| Trade receivables | 40 | €16,650 | €3,931 | -€12,719 | -76.4% |
| Cash at bank and in hand | 54/58 | - | €3,506 | +€3,506 | |
| Deferred charges and accrued income | 490/1 | €5,637 | - | -€5,637 | |
| Total equity and liabilities | 10/49 | €24,248 | €9,744 | -€14,504 | -59.8% |
| Equity | 10/15 | -€94,539 | -€72,451 | +€22,088 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€113,139 | -€91,051 | +€22,088 | +19.5% |
| Amounts payable | 17/49 | €118,787 | €82,195 | -€36,592 | -30.8% |
| Amounts payable within one year | 42/48 | €110,069 | €80,095 | -€29,974 | -27.2% |
| Trade debts | 44 | €102,547 | €66,969 | -€35,578 | -34.7% |
| Suppliers | 440/4 | €102,547 | €66,969 | -€35,578 | -34.7% |
| Taxes, remuneration and social security | 45 | €7,522 | €5,786 | -€1,736 | -23.1% |
| Taxes | 450/3 | €5,384 | €5,786 | +€402 | +7.5% |
| Remuneration and social security | 454/9 | €2,138 | - | -€2,138 | |
| Other amounts payable | 47/48 | - | €7,340 | +€7,340 | |
| Accrued charges and deferred income | 492/3 | €8,718 | €2,100 | -€6,618 | -75.9% |
| Turnover | 70 | €362,968 | €391,522 | +€28,554 | +7.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €293,129 | €324,577 | +€31,448 | +10.7% |
| Remuneration, social security and pensions | 62 | €16,038 | €11,227 | -€4,811 | -30.0% |
| Other operating charges | 640/8 | €30,446 | €33,465 | +€3,019 | +9.9% |
| Gross operating margin | 9900 | €69,835 | €66,945 | -€2,890 | -4.1% |
| Operating profit (loss) | 9901 | €23,351 | €22,253 | -€1,098 | -4.7% |
| Financial income | 75/76B | €525 | €123 | -€402 | -76.6% |
| Recurring financial income | 75 | €525 | €123 | -€402 | -76.6% |
| Financial charges | 65/66B | €214 | €288 | +€74 | +34.6% |
| Recurring financial charges | 65 | €214 | €288 | +€74 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €23,662 | €22,088 | -€1,574 | -6.7% |
| Profit (loss) for the period | 9904 | €23,662 | €22,088 | -€1,574 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,662 | €22,088 | -€1,574 | -6.7% |
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 10 October 2026 via checked.be.