MATHEMAP: 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.
MATHEMAP
Largest movements
- Cash +€26,972
up €26,972 (+434.8%), from €6,203 to €33,176
mainly Net result for the year (+€54,764) and Tax, wage and social debts (+€2,406)
- Current investments +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Receivables within one year +€4,437
up €4,437 (+310.8%), from €1,428 to €5,864
of which Other amounts receivable: +€4,685
- Reserves +€54,000
up €54,000 (+116.1%), from €46,500 to €100,500
- Other debts -€6,518
no longer reported in 2025 (was €6,518)
- Tax, wage and social debts +€2,406
up €2,406 (+87.8%), from €2,740 to €5,146
- Financial income +€1,624
up €1,624 (+16244300.0%), from €0 to €1,624
- Taxes +€1,004
up €1,004 (+4.1%), from €24,609 to €25,613
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 | €59,171 | €109,823 | +€50,652 | +85.6% |
| Fixed assets | 21/28 | €1,540 | €783 | -€757 | -49.2% |
| Tangible fixed assets | 22/27 | €1,540 | €783 | -€757 | -49.2% |
| Plant, machinery and equipment | 23 | €444 | €222 | -€222 | -50.0% |
| Furniture and vehicles | 24 | €1,096 | €561 | -€535 | -48.8% |
| Current assets | 29/58 | €57,631 | €109,040 | +€51,409 | +89.2% |
| Amounts receivable within one year | 40/41 | €1,428 | €5,864 | +€4,437 | +310.8% |
| Trade receivables | 40 | €1,428 | €1,179 | -€248 | -17.4% |
| Other amounts receivable | 41 | - | €4,685 | +€4,685 | |
| Current investments | 50/53 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €6,203 | €33,176 | +€26,972 | +434.8% |
| Total equity and liabilities | 10/49 | €59,171 | €109,823 | +€50,652 | +85.6% |
| Equity | 10/15 | €49,913 | €104,677 | +€54,764 | +109.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,500 | €100,500 | +€54,000 | +116.1% |
| Non-distributable reserves | 130/1 | €46,500 | €100,500 | +€54,000 | +116.1% |
| Reserves not available under the articles | 1311 | €46,500 | €100,500 | +€54,000 | +116.1% |
| Profit (loss) carried forward | 14 | €413 | €1,177 | +€764 | +185.1% |
| Amounts payable | 17/49 | €9,258 | €5,146 | -€4,112 | -44.4% |
| Amounts payable within one year | 42/48 | €9,258 | €5,146 | -€4,112 | -44.4% |
| Taxes, remuneration and social security | 45 | €2,740 | €5,146 | +€2,406 | +87.8% |
| Taxes | 450/3 | €2,740 | €5,146 | +€2,406 | +87.8% |
| Other amounts payable | 47/48 | €6,518 | - | -€6,518 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €757 | = | 0.0% |
| Other operating charges | 640/8 | €587 | €600 | +€12 | +2.1% |
| Gross operating margin | 9900 | €80,785 | €80,197 | -€588 | -0.7% |
| Operating profit (loss) | 9901 | €79,440 | €78,840 | -€600 | -0.8% |
| Financial income | 75/76B | €0 | €1,624 | +€1,624 | +16244300.0% |
| Recurring financial income | 75 | €0 | €1,624 | +€1,624 | +16244300.0% |
| Financial charges | 65/66B | €66 | €88 | +€22 | +32.7% |
| Recurring financial charges | 65 | €66 | €88 | +€22 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €79,374 | €80,377 | +€1,003 | +1.3% |
| Income taxes | 67/77 | €24,609 | €25,613 | +€1,004 | +4.1% |
| Profit (loss) for the period | 9904 | €54,766 | €54,764 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,766 | €54,764 | -€1 | 0.0% |
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 4 October 2026 via checked.be.