MATHIB: 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.
MATHIB
Largest movements
- Cash +€36,776
up €36,776 (+127.9%), from €28,744 to €65,520
mainly Net result for the year (+€31,540) and Depreciation (+€11,628)
- Tangible fixed assets -€11,628
down €11,628 (-35.5%), from €32,744 to €21,116
- Reserves +€30,000
up €30,000 (+176.5%), from €17,000 to €47,000
- Debts after one year -€11,514
down €11,514 (-52.0%), from €22,142 to €10,628
- Trade debts +€5,038
up €5,038 (+678.5%), from €743 to €5,781
- Current portion of long-term debt +€3,774
up €3,774 (+30.3%), from €12,443 to €16,218
- Gross operating margin +€25,718
up €25,718 (+190.5%), from €13,502 to €39,220
- Taxes +€8,490
up €8,490 (+717.0%), from €1,184 to €9,674
- Other operating charges +€899
up €899 (+73.7%), from €1,220 to €2,118
- Financial income +€734
up €734 (+4.8%), from €15,386 to €16,120
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €158,566 | €185,798 | +€27,232 | +17.2% |
| Fixed assets | 21/28 | €127,744 | €116,116 | -€11,628 | -9.1% |
| Tangible fixed assets | 22/27 | €32,744 | €21,116 | -€11,628 | -35.5% |
| Furniture and vehicles | 24 | €32,744 | €21,116 | -€11,628 | -35.5% |
| Financial fixed assets | 28 | €95,000 | €95,000 | = | 0.0% |
| Current assets | 29/58 | €30,822 | €69,682 | +€38,860 | +126.1% |
| Amounts receivable within one year | 40/41 | €1,988 | €3,569 | +€1,581 | +79.5% |
| Trade receivables | 40 | €172 | €1,753 | +€1,581 | +919.2% |
| Other amounts receivable | 41 | €1,816 | €1,816 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,744 | €65,520 | +€36,776 | +127.9% |
| Deferred charges and accrued income | 490/1 | €90 | €594 | +€503 | +556.3% |
| Total equity and liabilities | 10/49 | €158,566 | €185,798 | +€27,232 | +17.2% |
| Equity | 10/15 | €24,524 | €56,064 | +€31,540 | +128.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €47,000 | +€30,000 | +176.5% |
| Distributable reserves | 133 | €17,000 | €47,000 | +€30,000 | +176.5% |
| Profit (loss) carried forward | 14 | €2,524 | €4,064 | +€1,540 | +61.0% |
| Amounts payable | 17/49 | €134,042 | €129,734 | -€4,308 | -3.2% |
| Amounts payable after more than one year | 17 | €22,142 | €10,628 | -€11,514 | -52.0% |
| Financial debts | 170/4 | €22,142 | €10,628 | -€11,514 | -52.0% |
| Amounts payable within one year | 42/48 | €111,900 | €119,106 | +€7,206 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €12,443 | €16,218 | +€3,774 | +30.3% |
| Trade debts | 44 | €743 | €5,781 | +€5,038 | +678.5% |
| Suppliers | 440/4 | €743 | €5,781 | +€5,038 | +678.5% |
| Taxes, remuneration and social security | 45 | €3,326 | €1,627 | -€1,699 | -51.1% |
| Taxes | 450/3 | €700 | €1,627 | +€926 | +132.3% |
| Remuneration and social security | 454/9 | €2,626 | - | -€2,626 | |
| Other amounts payable | 47/48 | €95,388 | €95,481 | +€93 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,628 | €11,628 | = | 0.0% |
| Other operating charges | 640/8 | €1,220 | €2,118 | +€899 | +73.7% |
| Gross operating margin | 9900 | €13,502 | €39,220 | +€25,718 | +190.5% |
| Operating profit (loss) | 9901 | €654 | €25,474 | +€24,819 | +3792.8% |
| Financial income | 75/76B | €15,386 | €16,120 | +€734 | +4.8% |
| Recurring financial income | 75 | €15,386 | €16,120 | +€734 | +4.8% |
| Financial charges | 65/66B | €390 | €380 | -€10 | -2.5% |
| Recurring financial charges | 65 | €390 | €380 | -€10 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €15,651 | €41,213 | +€25,563 | +163.3% |
| Income taxes | 67/77 | €1,184 | €9,674 | +€8,490 | +717.0% |
| Profit (loss) for the period | 9904 | €14,467 | €31,540 | +€17,073 | +118.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,467 | €31,540 | +€17,073 | +118.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.