MATHER: 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.
MATHER
Largest movements
- Current investments -€700,000
down €700,000 (-100.0%), from €700,000 to €0
- Cash +€427,987
up €427,987 (+191.6%), from €223,317 to €651,304
mainly Current investments (+€700,000) and Depreciation (+€184,313)
- Receivables within one year -€80,376
down €80,376 (-25.4%), from €316,247 to €235,871
of which Trade receivables: -€71,207
- Tangible fixed assets -€66,908
down €66,908 (-3.3%), from €2.0m to €2.0m
of which Land and buildings: -€33,484
- Contributions -€225,000
down €225,000 (-85.8%), from €262,184 to €37,184
- Profit (loss) carried forward -€87,711
down €87,711 (-6.5%), from €1.3m to €1.3m
- Debts after one year -€62,288
down €62,288 (-46.7%), from €133,368 to €71,080
- Other debts +€61,669
up €61,669 (+191.3%), from €32,245 to €93,914
- Reserves -€55,676
down €55,676 (-4.9%), from €1.1m to €1.1m
of which Tax-exempt reserves: -€55,676
- Gross operating margin -€915,851
down €915,851 (-75.1%), from €1.2m to €303,337
- Provisions +€135,000
up €135,000, from -€135,000 to €0
- Taxes -€58,897
down €58,897 (-98.9%), from €59,558 to €661
- Staff costs -€41,617
down €41,617 (-19.3%), from €215,868 to €174,251
- Write-downs -€29,971
down €29,971, from €10,016 to -€19,955
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 | €3,412,563 | €2,970,333 | -€442,230 | -13.0% |
| Fixed assets | 21/28 | €2,037,660 | €1,981,502 | -€56,158 | -2.8% |
| Tangible fixed assets | 22/27 | €2,032,660 | €1,965,752 | -€66,908 | -3.3% |
| Land and buildings | 22 | €1,720,078 | €1,686,595 | -€33,484 | -1.9% |
| Plant, machinery and equipment | 23 | €2,126 | €695 | -€1,431 | -67.3% |
| Furniture and vehicles | 24 | €310,456 | €278,462 | -€31,993 | -10.3% |
| Financial fixed assets | 28 | €5,000 | €15,750 | +€10,750 | +215.0% |
| Current assets | 29/58 | €1,374,904 | €988,831 | -€386,073 | -28.1% |
| Stocks and contracts in progress | 3 | €131,111 | €101,340 | -€29,770 | -22.7% |
| Stocks | 30/36 | €131,111 | €101,340 | -€29,770 | -22.7% |
| Amounts receivable within one year | 40/41 | €316,247 | €235,871 | -€80,376 | -25.4% |
| Trade receivables | 40 | €258,412 | €187,205 | -€71,207 | -27.6% |
| Other amounts receivable | 41 | €57,835 | €48,666 | -€9,169 | -15.9% |
| Current investments | 50/53 | €700,000 | €0 | -€700,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €223,317 | €651,304 | +€427,987 | +191.6% |
| Deferred charges and accrued income | 490/1 | €4,229 | €316 | -€3,913 | -92.5% |
| Total equity and liabilities | 10/49 | €3,412,563 | €2,970,333 | -€442,230 | -13.0% |
| Equity | 10/15 | €2,754,120 | €2,385,734 | -€368,387 | -13.4% |
| Contributions | 10/11 | €262,184 | €37,184 | -€225,000 | -85.8% |
| Reserves | 13 | €1,143,971 | €1,088,295 | -€55,676 | -4.9% |
| Tax-exempt reserves | 132 | €1,097,872 | €1,042,196 | -€55,676 | -5.1% |
| Distributable reserves | 133 | €46,099 | €46,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,347,965 | €1,260,255 | -€87,711 | -6.5% |
| Provisions and deferred taxes | 16 | €317,752 | €299,193 | -€18,559 | -5.8% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €317,752 | €299,193 | -€18,559 | -5.8% |
| Amounts payable | 17/49 | €340,691 | €285,406 | -€55,285 | -16.2% |
| Amounts payable after more than one year | 17 | €133,368 | €71,080 | -€62,288 | -46.7% |
| Financial debts | 170/4 | €133,368 | €71,080 | -€62,288 | -46.7% |
| Amounts payable within one year | 42/48 | €207,324 | €211,473 | +€4,149 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €102,651 | €62,288 | -€40,363 | -39.3% |
| Trade debts | 44 | €43,415 | €26,914 | -€16,501 | -38.0% |
| Suppliers | 440/4 | €43,415 | €26,914 | -€16,501 | -38.0% |
| Taxes, remuneration and social security | 45 | €29,012 | €28,357 | -€655 | -2.3% |
| Taxes | 450/3 | €5,186 | €9,724 | +€4,538 | +87.5% |
| Remuneration and social security | 454/9 | €23,826 | €18,633 | -€5,193 | -21.8% |
| Other amounts payable | 47/48 | €32,245 | €93,914 | +€61,669 | +191.3% |
| Accrued charges and deferred income | 492/3 | €0 | €2,853 | +€2,853 | |
| Non-recurring operating income | 76A | €760,411 | €0 | -€760,411 | -100.0% |
| Remuneration, social security and pensions | 62 | €215,868 | €174,251 | -€41,617 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,359 | €184,313 | -€19,046 | -9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,016 | -€19,955 | -€29,971 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€135,000 | €0 | +€135,000 | |
| Other operating charges | 640/8 | €23,394 | €26,735 | +€3,341 | +14.3% |
| Gross operating margin | 9900 | €1,219,188 | €303,337 | -€915,851 | -75.1% |
| Operating profit (loss) | 9901 | €901,551 | -€62,007 | -€963,558 | |
| Financial income | 75/76B | €19,756 | €6,084 | -€13,672 | -69.2% |
| Recurring financial income | 75 | €19,756 | €6,084 | -€13,672 | -69.2% |
| Financial charges | 65/66B | €9,353 | €9,218 | -€135 | -1.4% |
| Recurring financial charges | 65 | €9,353 | €9,218 | -€135 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €911,953 | -€65,142 | -€977,095 | |
| Transfer from deferred taxes | 780 | €14,398 | €18,559 | +€4,160 | +28.9% |
| Transfer to deferred taxes | 680 | €179,743 | €0 | -€179,743 | -100.0% |
| Income taxes | 67/77 | €59,558 | €661 | -€58,897 | -98.9% |
| Profit (loss) for the period | 9904 | €687,051 | -€47,244 | -€734,295 | |
| Transfer from tax-exempt reserves | 789 | €43,195 | €55,676 | +€12,481 | +28.9% |
| Transfer to tax-exempt reserves | 689 | €539,228 | €0 | -€539,228 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €191,017 | €8,432 | -€182,585 | -95.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.