Mathesco: 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.
Mathesco
Largest movements
- Cash +€57,567
up €57,567 (+73.5%), from €78,320 to €135,887
mainly Net result for the year (+€71,706) and Trade debts (+€1,264)
- Receivables within one year +€12,911
up €12,911 (+68.0%), from €18,980 to €31,891
of which Trade receivables: +€9,975
- Profit (loss) carried forward +€70,873
up €70,873 (+85.8%), from €82,642 to €153,514
- Gross operating margin +€3,185
up €3,185 (+3.5%), from €90,607 to €93,792
- Financial charges -€1,001
down €1,001 (-37.6%), from €2,663 to €1,662
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 | €99,795 | €170,959 | +€71,164 | +71.3% |
| Current assets | 29/58 | €99,795 | €170,959 | +€71,164 | +71.3% |
| Amounts receivable within one year | 40/41 | €18,980 | €31,891 | +€12,911 | +68.0% |
| Trade receivables | 40 | €16,480 | €26,455 | +€9,975 | +60.5% |
| Other amounts receivable | 41 | €2,500 | €5,436 | +€2,936 | +117.5% |
| Cash at bank and in hand | 54/58 | €78,320 | €135,887 | +€57,567 | +73.5% |
| Deferred charges and accrued income | 490/1 | €2,495 | €3,181 | +€687 | +27.5% |
| Total equity and liabilities | 10/49 | €99,795 | €170,959 | +€71,164 | +71.3% |
| Equity | 10/15 | €86,642 | €157,514 | +€70,873 | +81.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Profit (loss) carried forward | 14 | €82,642 | €153,514 | +€70,873 | +85.8% |
| Amounts payable | 17/49 | €13,153 | €13,445 | +€292 | +2.2% |
| Amounts payable within one year | 42/48 | €12,861 | €13,300 | +€439 | +3.4% |
| Trade debts | 44 | €1,827 | €3,091 | +€1,264 | +69.2% |
| Suppliers | 440/4 | €1,827 | €3,091 | +€1,264 | +69.2% |
| Taxes, remuneration and social security | 45 | €9,832 | €9,542 | -€290 | -3.0% |
| Taxes | 450/3 | €9,832 | €9,542 | -€290 | -3.0% |
| Other amounts payable | 47/48 | €1,202 | €666 | -€535 | -44.6% |
| Accrued charges and deferred income | 492/3 | €293 | €145 | -€147 | -50.3% |
| Other operating charges | 640/8 | €663 | €1,049 | +€385 | +58.1% |
| Gross operating margin | 9900 | €90,607 | €93,792 | +€3,185 | +3.5% |
| Operating profit (loss) | 9901 | €89,944 | €92,743 | +€2,799 | +3.1% |
| Financial charges | 65/66B | €2,663 | €1,662 | -€1,001 | -37.6% |
| Recurring financial charges | 65 | €2,663 | €1,662 | -€1,001 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €87,281 | €91,081 | +€3,800 | +4.4% |
| Income taxes | 67/77 | €18,589 | €19,375 | +€786 | +4.2% |
| Profit (loss) for the period | 9904 | €68,692 | €71,706 | +€3,014 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,692 | €71,706 | +€3,014 | +4.4% |
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.