Mathias Berten: what changed
Two financial 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.
Mathias Berten
Largest movements
- Cash +€72,778
up €72,778 (+205%), from €35,561 to €108,338
mainly Net result for the year (+€54,208) and Tax, wage and social debts (+€20,462)
- Receivables within one year +€1,768
up €1,768 (+337%), from €525 to €2,293
of which Trade receivables: +€2,248
- Reserves +€54,208
up €54,208 (+288%), from €18,797 to €73,005
- Tax, wage and social debts +€20,462
up €20,462 (+159%), from €12,848 to €33,310
- Short-term financial debts -€1,834
down €1,834 (-92.9%), from €1,974 to €140
- Gross operating margin +€49,360
up €49,360 (+162%), from €30,457 to €79,816
- Taxes +€9,561
up €9,561 (+184%), from €5,210 to €14,771
- Other operating charges +€4,164
up €4,164 (+91.1%), from €4,568 to €8,732
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.
Derived cash bridge
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 | €41,025 | €114,005 | +€72,980 | +178% |
| Fixed assets | 21/28 | €4,027 | €3,373 | -€654 | -16.2% |
| Tangible fixed assets | 22/27 | €4,027 | €3,373 | -€654 | -16.2% |
| Plant, machinery and equipment | 23 | €1,944 | €1,740 | -€205 | -10.5% |
| Furniture and vehicles | 24 | €2,083 | €1,634 | -€449 | -21.6% |
| Current assets | 29/58 | €36,998 | €110,631 | +€73,634 | +199% |
| Amounts receivable within one year | 40/41 | €525 | €2,293 | +€1,768 | +337% |
| Trade receivables | 40 | €45 | €2,293 | +€2,248 | +4,988% |
| Other amounts receivable | 41 | €480 | €0 | -€480 | -100% |
| Cash at bank and in hand | 54/58 | €35,561 | €108,338 | +€72,778 | +205% |
| Deferred charges and accrued income | 490/1 | €912 | €0 | -€912 | -100% |
| Total equity and liabilities | 10/49 | €41,025 | €114,005 | +€72,980 | +178% |
| Equity | 10/15 | €23,797 | €78,005 | +€54,208 | +228% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,797 | €73,005 | +€54,208 | +288% |
| Distributable reserves | 133 | €18,797 | €73,005 | +€54,208 | +288% |
| Amounts payable | 17/49 | €17,227 | €35,999 | +€18,772 | +109% |
| Amounts payable within one year | 42/48 | €17,227 | €35,999 | +€18,772 | +109% |
| Financial debts | 43 | €1,974 | €140 | -€1,834 | -92.9% |
| Credit institutions | 430/8 | €1,974 | €140 | -€1,834 | -92.9% |
| Trade debts | 44 | €2,406 | €2,137 | -€269 | -11.2% |
| Suppliers | 440/4 | €2,406 | €2,137 | -€269 | -11.2% |
| Taxes, remuneration and social security | 45 | €12,848 | €33,310 | +€20,462 | +159% |
| Taxes | 450/3 | €12,848 | €33,310 | +€20,462 | +159% |
| Other amounts payable | 47/48 | - | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €654 | +€390 | +148% |
| Other operating charges | 640/8 | €4,568 | €8,732 | +€4,164 | +91.1% |
| Gross operating margin | 9900 | €30,457 | €79,816 | +€49,360 | +162% |
| Operating profit (loss) | 9901 | €25,625 | €70,431 | +€44,806 | +175% |
| Financial income | 75/76B | €64 | €0 | -€64 | -100% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -100% |
| Financial charges | 65/66B | €1,682 | €1,452 | -€230 | -13.7% |
| Recurring financial charges | 65 | €1,682 | €1,452 | -€230 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €24,007 | €68,979 | +€44,972 | +187% |
| Income taxes | 67/77 | €5,210 | €14,771 | +€9,561 | +184% |
| Profit (loss) for the period | 9904 | €18,797 | €54,208 | +€35,411 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €18,797 | €54,208 | +€35,411 | +188% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.