MATHIAS VR: 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 VR
Largest movements
- Cash -€40,570
down €40,570 (-93.9%), from €43,192 to €2,622
mainly Contributions, distributions and other (-€77,105) and Other debts (-€41,587)
- Receivables after one year +€30,000
up €30,000, from €0 to €30,000
- Receivables within one year -€8,620
down €8,620 (-12.6%), from €68,417 to €59,797
of which Other amounts receivable: -€8,204
- Tangible fixed assets -€4,714
down €4,714 (-26.0%), from €18,146 to €13,432
of which Furniture and vehicles: -€2,722
- Other debts -€41,587
down €41,587 (-89.2%), from €46,632 to €5,044
- Reserves +€11,932
up €11,932 (+16.5%), from €72,105 to €84,037
- Tax, wage and social debts +€4,216
up €4,216 (+49.8%), from €8,466 to €12,682
- Trade debts +€1,375
up €1,375 (+66.3%), from €2,073 to €3,448
- Gross operating margin +€16,502
up €16,502 (+16.2%), from €101,753 to €118,255
- Taxes +€4,081
up €4,081 (+21.8%), from €18,684 to €22,765
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 | €129,775 | €106,249 | -€23,526 | -18.1% |
| Fixed assets | 21/28 | €18,146 | €13,432 | -€4,714 | -26.0% |
| Tangible fixed assets | 22/27 | €18,146 | €13,432 | -€4,714 | -26.0% |
| Plant, machinery and equipment | 23 | €1,981 | €1,556 | -€425 | -21.5% |
| Furniture and vehicles | 24 | €3,927 | €1,205 | -€2,722 | -69.3% |
| Other tangible fixed assets | 26 | €12,238 | €10,671 | -€1,567 | -12.8% |
| Current assets | 29/58 | €111,629 | €92,817 | -€18,812 | -16.9% |
| Amounts receivable after more than one year | 29 | €0 | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | €0 | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €68,417 | €59,797 | -€8,620 | -12.6% |
| Trade receivables | 40 | €416 | €0 | -€416 | -100% |
| Other amounts receivable | 41 | €68,001 | €59,797 | -€8,204 | -12.1% |
| Cash at bank and in hand | 54/58 | €43,192 | €2,622 | -€40,570 | -93.9% |
| Deferred charges and accrued income | 490/1 | €20 | €398 | +€378 | +1,895% |
| Total equity and liabilities | 10/49 | €129,775 | €106,249 | -€23,526 | -18.1% |
| Equity | 10/15 | €72,605 | €84,537 | +€11,932 | +16.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €72,105 | €84,037 | +€11,932 | +16.5% |
| Distributable reserves | 133 | €72,105 | €84,037 | +€11,932 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €57,170 | €21,712 | -€35,458 | -62.0% |
| Amounts payable within one year | 42/48 | €57,170 | €21,174 | -€35,997 | -63.0% |
| Trade debts | 44 | €2,073 | €3,448 | +€1,375 | +66.3% |
| Suppliers | 440/4 | €2,073 | €3,448 | +€1,375 | +66.3% |
| Taxes, remuneration and social security | 45 | €8,466 | €12,682 | +€4,216 | +49.8% |
| Taxes | 450/3 | €8,466 | €12,682 | +€4,216 | +49.8% |
| Other amounts payable | 47/48 | €46,632 | €5,044 | -€41,587 | -89.2% |
| Accrued charges and deferred income | 492/3 | - | €538 | +€538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,731 | €4,714 | -€1,017 | -17.8% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €101,753 | €118,255 | +€16,502 | +16.2% |
| Operating profit (loss) | 9901 | €95,573 | €113,079 | +€17,507 | +18.3% |
| Financial income | 75/76B | €1 | €375 | +€374 | +53,471% |
| Recurring financial income | 75 | €1 | €375 | +€374 | +53,471% |
| Financial charges | 65/66B | €1,784 | €1,652 | -€132 | -7.4% |
| Recurring financial charges | 65 | €1,784 | €1,652 | -€132 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €93,789 | €111,802 | +€18,013 | +19.2% |
| Income taxes | 67/77 | €18,684 | €22,765 | +€4,081 | +21.8% |
| Profit (loss) for the period | 9904 | €75,105 | €89,037 | +€13,932 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,105 | €89,037 | +€13,932 | +18.6% |
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.