MATHIBAS: 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.
MATHIBAS
Largest movements
- Cash +€9,486
up €9,486 (+63.4%), from €14,952 to €24,438
mainly Net result for the year (+€7,055) and Depreciation (+€2,268)
- Tangible fixed assets +€3,073
up €3,073 (+72.9%), from €4,215 to €7,288
of which Leasing and similar rights: +€4,436
- Receivables within one year -€1,562
down €1,562 (-34.3%), from €4,556 to €2,994
- Profit (loss) carried forward +€7,055
up €7,055 (+43.4%), from -€16,260 to -€9,205
- Debts after one year +€2,100
new in 2025: €2,100
- Current portion of long-term debt +€1,761
new in 2025: €1,761
- Trade debts +€549
up €549 (+37.1%), from €1,479 to €2,028
- Gross operating margin -€2,140
down €2,140 (-12.2%), from €17,553 to €15,413
- Depreciation -€1,439
down €1,439 (-38.8%), from €3,707 to €2,268
- Other operating charges -€1,222
down €1,222 (-31.4%), from €3,894 to €2,671
- Taxes +€437
up €437 (+18.9%), from €2,314 to €2,751
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 | €23,956 | €35,140 | +€11,184 | +46.7% |
| Fixed assets | 21/28 | €4,215 | €7,288 | +€3,073 | +72.9% |
| Tangible fixed assets | 22/27 | €4,215 | €7,288 | +€3,073 | +72.9% |
| Plant, machinery and equipment | 23 | €249 | - | -€249 | |
| Furniture and vehicles | 24 | €3,966 | €2,851 | -€1,115 | -28.1% |
| Leasing and similar rights | 25 | - | €4,436 | +€4,436 | |
| Current assets | 29/58 | €19,741 | €27,852 | +€8,111 | +41.1% |
| Amounts receivable within one year | 40/41 | €4,556 | €2,994 | -€1,562 | -34.3% |
| Trade receivables | 40 | €4,556 | €2,994 | -€1,562 | -34.3% |
| Cash at bank and in hand | 54/58 | €14,952 | €24,438 | +€9,486 | +63.4% |
| Deferred charges and accrued income | 490/1 | €233 | €421 | +€188 | +80.5% |
| Total equity and liabilities | 10/49 | €23,956 | €35,140 | +€11,184 | +46.7% |
| Equity | 10/15 | -€1,425 | €5,630 | +€7,055 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,634 | €8,634 | = | 0.0% |
| Distributable reserves | 133 | €8,634 | €8,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,260 | -€9,205 | +€7,055 | +43.4% |
| Amounts payable | 17/49 | €25,381 | €29,510 | +€4,129 | +16.3% |
| Amounts payable after more than one year | 17 | - | €2,100 | +€2,100 | |
| Financial debts | 170/4 | - | €2,100 | +€2,100 | |
| Amounts payable within one year | 42/48 | €25,381 | €27,410 | +€2,029 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,761 | +€1,761 | |
| Trade debts | 44 | €1,479 | €2,028 | +€549 | +37.1% |
| Suppliers | 440/4 | €1,479 | €2,028 | +€549 | +37.1% |
| Taxes, remuneration and social security | 45 | €3,558 | €3,524 | -€35 | -1.0% |
| Taxes | 450/3 | €3,558 | €3,524 | -€35 | -1.0% |
| Other amounts payable | 47/48 | €20,344 | €20,097 | -€247 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,707 | €2,268 | -€1,439 | -38.8% |
| Other operating charges | 640/8 | €3,894 | €2,671 | -€1,222 | -31.4% |
| Gross operating margin | 9900 | €17,553 | €15,413 | -€2,140 | -12.2% |
| Operating profit (loss) | 9901 | €9,952 | €10,474 | +€521 | +5.2% |
| Financial income | 75/76B | €113 | €20 | -€93 | -82.4% |
| Recurring financial income | 75 | €113 | €20 | -€93 | -82.4% |
| Financial charges | 65/66B | €579 | €688 | +€109 | +18.8% |
| Recurring financial charges | 65 | €579 | €688 | +€109 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €9,486 | €9,806 | +€320 | +3.4% |
| Income taxes | 67/77 | €2,314 | €2,751 | +€437 | +18.9% |
| Profit (loss) for the period | 9904 | €7,173 | €7,055 | -€117 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,173 | €7,055 | -€117 | -1.6% |
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.