MATHI.EU: what changed
What changed
MATHI.EU
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€30,420
2024 · €28,712+€1,708
Equity
€389,996
2024 · €359,576+€30,420
Cash
€0
2024 · €1,558-€1,558
Balance sheet total
€898,732
2024 · €945,234-€46,501
Largest movements
Assets
- Tangible fixed assets -€57,023
down €57,023 (-7.0%), from €809,568 to €752,545
of which Land and buildings: -€54,343
Equity and liabilities
- Debts after one year -€54,229
down €54,229 (-10.9%), from €495,592 to €441,363
of which Financial debts: -€54,229
- Reserves +€30,420
up €30,420 (+9.3%), from €328,452 to €358,872
of which Distributable reserves: +€30,420
- Trade debts -€13,058
down €13,058 (-61.0%), from €21,422 to €8,365
Income statement
- Gross operating margin +€3,670
up €3,670 (+3.2%), from €113,571 to €117,240
- Depreciation +€1,814
up €1,814 (+3.3%), from €55,567 to €57,381
- Taxes +€1,272
up €1,272 (+14.4%), from €8,856 to €10,128
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.
Result 2024
€28,712
Gross operating margin
+€3,670
Depreciation
-€1,814
Other operating charges
-€737
Financial income
+€738
Financial charges
+€1,123
Taxes
-€1,272
Result 2025
€30,420
raises the resultlowers the result
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.
From operations
+€53,105
Investment
-€358
Financing
-€54,305
Cash 2024
€1,558
From operations (derived)
+€53,105
Net result for the year
+€30,420
Depreciation
+€57,381
Receivables within one year
-€9,291
Deferred charges and accrued income
-€2,789
Trade debts
-€13,058
Tax, wage and social debts
-€1,169
Accrued charges and deferred income
-€8,390
Investment (derived)
-€358
Investment in fixed assets (net)
-€358
Financing
-€54,305
Debts after one year
-€54,229
Current portion of long-term debt
+€1,001
Short-term financial debts
-€1,077
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,234 | €898,732 | -€46,501 | -4.9% |
| Fixed assets | 21/28 | €915,868 | €858,846 | -€57,023 | -6.2% |
| Tangible fixed assets | 22/27 | €809,568 | €752,545 | -€57,023 | -7.0% |
| Land and buildings | 22 | €783,651 | €729,309 | -€54,343 | -6.9% |
| Plant, machinery and equipment | 23 | €25,917 | €23,237 | -€2,680 | -10.3% |
| Financial fixed assets | 28 | €106,300 | €106,300 | = | 0.0% |
| Current assets | 29/58 | €29,366 | €39,887 | +€10,521 | +35.8% |
| Amounts receivable within one year | 40/41 | €27,807 | €37,098 | +€9,291 | +33.4% |
| Other amounts receivable | 41 | €27,807 | €37,098 | +€9,291 | +33.4% |
| Cash at bank and in hand | 54/58 | €1,558 | €0 | -€1,558 | -100% |
| Deferred charges and accrued income | 490/1 | - | €2,789 | +€2,789 | |
| Total equity and liabilities | 10/49 | €945,234 | €898,732 | -€46,501 | -4.9% |
| Equity | 10/15 | €359,576 | €389,996 | +€30,420 | +8.5% |
| Contributions | 10/11 | €31,125 | €31,125 | = | 0.0% |
| Reserves | 13 | €328,452 | €358,872 | +€30,420 | +9.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €101 | €101 | = | 0.0% |
| Distributable reserves | 133 | €328,351 | €358,771 | +€30,420 | +9.3% |
| Amounts payable | 17/49 | €585,658 | €508,736 | -€76,922 | -13.1% |
| Amounts payable after more than one year | 17 | €495,592 | €441,363 | -€54,229 | -10.9% |
| Financial debts | 170/4 | €495,592 | €441,363 | -€54,229 | -10.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €80,667 | €66,365 | -€14,302 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €53,228 | €54,229 | +€1,001 | +1.9% |
| Financial debts | 43 | €2,707 | €1,630 | -€1,077 | -39.8% |
| Credit institutions | 430/8 | €2,707 | €1,630 | -€1,077 | -39.8% |
| Trade debts | 44 | €21,422 | €8,365 | -€13,058 | -61.0% |
| Suppliers | 440/4 | €21,422 | €8,365 | -€13,058 | -61.0% |
| Taxes, remuneration and social security | 45 | €3,310 | €2,141 | -€1,169 | -35.3% |
| Taxes | 450/3 | €3,310 | €2,141 | -€1,169 | -35.3% |
| Accrued charges and deferred income | 492/3 | €9,399 | €1,008 | -€8,390 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,567 | €57,381 | +€1,814 | +3.3% |
| Other operating charges | 640/8 | €9,446 | €10,183 | +€737 | +7.8% |
| Gross operating margin | 9900 | €113,571 | €117,240 | +€3,670 | +3.2% |
| Operating profit (loss) | 9901 | €48,557 | €49,676 | +€1,119 | +2.3% |
| Financial income | 75/76B | €0 | €738 | +€738 | |
| Recurring financial income | 75 | €0 | €738 | +€738 | |
| Financial charges | 65/66B | €10,989 | €9,866 | -€1,123 | -10.2% |
| Recurring financial charges | 65 | €10,989 | €9,866 | -€1,123 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €37,568 | €40,549 | +€2,980 | +7.9% |
| Income taxes | 67/77 | €8,856 | €10,128 | +€1,272 | +14.4% |
| Profit (loss) for the period | 9904 | €28,712 | €30,420 | +€1,708 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,712 | €30,420 | +€1,708 | +5.9% |
Next steps
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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 6 November 2026 via checked.be.