MATHERN: what changed
MATHERN
Largest movements
- Cash +€26,876
up €26,876 (+77.0%), from €34,893 to €61,769
mainly Other debts (+€22,278) and Net result for the year (+€14,947)
- Receivables within one year -€12,385
down €12,385 (-80.7%), from €15,341 to €2,956
of which Trade receivables: -€12,926
- Tangible fixed assets -€2,206
down €2,206 (-40.6%), from €5,439 to €3,233
of which Plant, machinery and equipment: -€1,824
- Other debts +€22,278
up €22,278 (+95.3%), from €23,383 to €45,661
- Tax, wage and social debts -€6,255
down €6,255 (-68.1%), from €9,188 to €2,932
- Profit (loss) carried forward -€5,053
down €5,053 (-29.6%), from €17,075 to €12,022
- Trade debts +€1,090
up €1,090 (+32.7%), from €3,336 to €4,426
- Gross operating margin -€5,607
down €5,607 (-19.7%), from €28,515 to €22,908
- Depreciation -€1,656
down €1,656 (-42.9%), from €3,863 to €2,206
- Taxes -€1,625
down €1,625 (-28.7%), from €5,669 to €4,044
- Financial charges +€1,182
up €1,182 (+307%), from €385 to €1,567
- Financial income -€632
down €632 (-100%), from €632 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,153 | €70,212 | +€12,059 | +20.7% |
| Fixed assets | 21/28 | €5,439 | €3,233 | -€2,206 | -40.6% |
| Tangible fixed assets | 22/27 | €5,439 | €3,233 | -€2,206 | -40.6% |
| Plant, machinery and equipment | 23 | €3,911 | €2,087 | -€1,824 | -46.6% |
| Other tangible fixed assets | 26 | €1,528 | €1,146 | -€382 | -25.0% |
| Current assets | 29/58 | €52,713 | €66,979 | +€14,266 | +27.1% |
| Stocks and contracts in progress | 3 | €2,480 | €2,254 | -€226 | -9.1% |
| Stocks | 30/36 | €2,480 | €2,254 | -€226 | -9.1% |
| Amounts receivable within one year | 40/41 | €15,341 | €2,956 | -€12,385 | -80.7% |
| Trade receivables | 40 | €12,926 | €0 | -€12,926 | -100% |
| Other amounts receivable | 41 | €2,415 | €2,956 | +€541 | +22.4% |
| Cash at bank and in hand | 54/58 | €34,893 | €61,769 | +€26,876 | +77.0% |
| Total equity and liabilities | 10/49 | €58,153 | €70,212 | +€12,059 | +20.7% |
| Equity | 10/15 | €22,246 | €17,193 | -€5,053 | -22.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €171 | €171 | = | 0.0% |
| Distributable reserves | 133 | €171 | €171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,075 | €12,022 | -€5,053 | -29.6% |
| Amounts payable | 17/49 | €35,907 | €53,019 | +€17,112 | +47.7% |
| Amounts payable within one year | 42/48 | €35,907 | €53,019 | +€17,112 | +47.7% |
| Trade debts | 44 | €3,336 | €4,426 | +€1,090 | +32.7% |
| Suppliers | 440/4 | €3,336 | €4,426 | +€1,090 | +32.7% |
| Taxes, remuneration and social security | 45 | €9,188 | €2,932 | -€6,255 | -68.1% |
| Taxes | 450/3 | €9,188 | €2,932 | -€6,255 | -68.1% |
| Other amounts payable | 47/48 | €23,383 | €45,661 | +€22,278 | +95.3% |
| Non-recurring operating income | 76A | - | €3,620 | +€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,863 | €2,206 | -€1,656 | -42.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €28,515 | €22,908 | -€5,607 | -19.7% |
| Operating profit (loss) | 9901 | €24,512 | €20,558 | -€3,954 | -16.1% |
| Financial income | 75/76B | €632 | €0 | -€632 | -100% |
| Recurring financial income | 75 | €632 | €0 | -€632 | -100% |
| Financial charges | 65/66B | €385 | €1,567 | +€1,182 | +307% |
| Recurring financial charges | 65 | €385 | €1,567 | +€1,182 | +307% |
| Profit (loss) for the period before taxes | 9903 | €24,759 | €18,991 | -€5,768 | -23.3% |
| Income taxes | 67/77 | €5,669 | €4,044 | -€1,625 | -28.7% |
| Profit (loss) for the period | 9904 | €19,090 | €14,947 | -€4,143 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,090 | €14,947 | -€4,143 | -21.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.