Mathemetrics: 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.
Mathemetrics
Largest movements
- Cash +€25,083
up €25,083 (+44.6%), from €56,301 to €81,385
mainly Net result for the year (+€29,585) and Depreciation (+€2,275)
- Reserves +€29,585
up €29,585 (+50.3%), from €58,792 to €88,378
- Tax, wage and social debts -€5,143
down €5,143 (-27.2%), from €18,901 to €13,758
- Gross operating margin -€36,971
down €36,971 (-46.5%), from €79,490 to €42,519
- Taxes -€7,177
down €7,177 (-44.2%), from €16,254 to €9,076
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.
Derived cash bridge
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 | €79,194 | €103,040 | +€23,847 | +30.1% |
| Fixed assets | 21/28 | €6,943 | €6,104 | -€839 | -12.1% |
| Tangible fixed assets | 22/27 | €6,943 | €6,104 | -€839 | -12.1% |
| Plant, machinery and equipment | 23 | €3,284 | €2,802 | -€482 | -14.7% |
| Furniture and vehicles | 24 | €3,659 | €3,302 | -€357 | -9.8% |
| Current assets | 29/58 | €72,251 | €96,936 | +€24,685 | +34.2% |
| Amounts receivable within one year | 40/41 | €14,319 | €13,818 | -€502 | -3.5% |
| Trade receivables | 40 | €14,319 | €9,680 | -€4,639 | -32.4% |
| Other amounts receivable | 41 | - | €4,138 | +€4,138 | |
| Cash at bank and in hand | 54/58 | €56,301 | €81,385 | +€25,083 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,631 | €1,734 | +€103 | +6.3% |
| Total equity and liabilities | 10/49 | €79,194 | €103,040 | +€23,847 | +30.1% |
| Equity | 10/15 | €58,912 | €88,498 | +€29,585 | +50.2% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €58,792 | €88,378 | +€29,585 | +50.3% |
| Distributable reserves | 133 | €58,792 | €88,378 | +€29,585 | +50.3% |
| Amounts payable | 17/49 | €20,281 | €14,543 | -€5,739 | -28.3% |
| Amounts payable within one year | 42/48 | €20,281 | €14,543 | -€5,739 | -28.3% |
| Financial debts | 43 | €589 | €109 | -€480 | -81.5% |
| Credit institutions | 430/8 | €589 | €109 | -€480 | -81.5% |
| Trade debts | 44 | €792 | €676 | -€116 | -14.6% |
| Suppliers | 440/4 | €792 | €676 | -€116 | -14.6% |
| Taxes, remuneration and social security | 45 | €18,901 | €13,758 | -€5,143 | -27.2% |
| Taxes | 450/3 | €18,901 | €13,758 | -€5,143 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,312 | €2,275 | -€37 | -1.6% |
| Other operating charges | 640/8 | €125 | €219 | +€94 | +75.0% |
| Gross operating margin | 9900 | €79,490 | €42,519 | -€36,971 | -46.5% |
| Operating profit (loss) | 9901 | €77,053 | €40,025 | -€37,027 | -48.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,007 | €1,365 | -€642 | -32.0% |
| Recurring financial charges | 65 | €2,007 | €1,365 | -€642 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €75,046 | €38,662 | -€36,384 | -48.5% |
| Income taxes | 67/77 | €16,254 | €9,076 | -€7,177 | -44.2% |
| Profit (loss) for the period | 9904 | €58,792 | €29,585 | -€29,207 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,792 | €29,585 | -€29,207 | -49.7% |
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 19 October 2026 via checked.be.