Matheo: 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.
Matheo
Largest movements
- Tangible fixed assets -€10,304
no longer reported in 2025 (was €10,304)
of which Land and buildings: -€7,645
- Receivables within one year -€1,951
down €1,951 (-66.3%), from €2,943 to €992
- Cash -€280
down €280 (-87.4%), from €320 to €40
mainly Net result for the year (-€14,320) and Trade debts (-€1,536)
- Profit (loss) carried forward -€14,320
down €14,320 (-19.4%), from -€73,768 to -€88,088
- Other debts +€3,327
up €3,327 (+4.5%), from €74,433 to €77,759
- Trade debts -€1,536
down €1,536 (-80.8%), from €1,902 to €365
- Gross operating margin +€15,611
up €15,611 (+80.7%), from -€19,351 to -€3,740
- Staff costs -€1,302
down €1,302, from €1,142 to -€160
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 | €13,567 | €1,037 | -€12,530 | -92.4% |
| Fixed assets | 21/28 | €10,304 | €5 | -€10,299 | -100.0% |
| Tangible fixed assets | 22/27 | €10,304 | - | -€10,304 | |
| Land and buildings | 22 | €7,645 | - | -€7,645 | |
| Plant, machinery and equipment | 23 | €2,659 | - | -€2,659 | |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €3,263 | €1,032 | -€2,231 | -68.4% |
| Amounts receivable within one year | 40/41 | €2,943 | €992 | -€1,951 | -66.3% |
| Other amounts receivable | 41 | €2,943 | €992 | -€1,951 | -66.3% |
| Cash at bank and in hand | 54/58 | €320 | €40 | -€280 | -87.4% |
| Total equity and liabilities | 10/49 | €13,567 | €1,037 | -€12,530 | -92.4% |
| Equity | 10/15 | -€62,768 | -€77,088 | -€14,320 | -22.8% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,768 | -€88,088 | -€14,320 | -19.4% |
| Amounts payable | 17/49 | €76,334 | €78,125 | +€1,790 | +2.3% |
| Amounts payable within one year | 42/48 | €76,334 | €78,125 | +€1,790 | +2.3% |
| Trade debts | 44 | €1,902 | €365 | -€1,536 | -80.8% |
| Suppliers | 440/4 | €1,902 | €365 | -€1,536 | -80.8% |
| Other amounts payable | 47/48 | €74,433 | €77,759 | +€3,327 | +4.5% |
| Remuneration, social security and pensions | 62 | €1,142 | -€160 | -€1,302 | |
| Other operating charges | 640/8 | €433 | €435 | +€2 | +0.5% |
| Non-recurring operating charges | 66A | - | €10,304 | +€10,304 | |
| Gross operating margin | 9900 | -€19,351 | -€3,740 | +€15,611 | +80.7% |
| Operating profit (loss) | 9901 | -€20,926 | -€14,319 | +€6,607 | +31.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €34 | €1 | -€33 | -96.7% |
| Recurring financial charges | 65 | €34 | €1 | -€33 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,960 | -€14,320 | +€6,640 | +31.7% |
| Profit (loss) for the period | 9904 | -€20,960 | -€14,320 | +€6,640 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,960 | -€14,320 | +€6,640 | +31.7% |
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 3 October 2026 via checked.be.