Mathibaud: 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.
Mathibaud
Largest movements
- Cash -€11,183
down €11,183 (-59.1%), from €18,921 to €7,738
mainly Tax, wage and social debts (-€16,444) and Trade debts (-€12,100)
- Tax, wage and social debts -€16,444
down €16,444 (-96.8%), from €16,988 to €545
- Profit (loss) carried forward +€15,391
up €15,391 (+38.6%), from -€39,918 to -€24,527
- Trade debts -€12,100
down €12,100 (-45.5%), from €26,620 to €14,520
- Financial charges -€73,827
down €73,827 (-97.0%), from €76,123 to €2,296
- Gross operating margin -€18,505
down €18,505 (-50.6%), from €36,592 to €18,087
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 | €329,982 | €318,799 | -€11,183 | -3.4% |
| Fixed assets | 21/28 | €311,061 | €311,061 | = | 0.0% |
| Financial fixed assets | 28 | €311,061 | €311,061 | = | 0.0% |
| Current assets | 29/58 | €18,921 | €7,738 | -€11,183 | -59.1% |
| Cash at bank and in hand | 54/58 | €18,921 | €7,738 | -€11,183 | -59.1% |
| Total equity and liabilities | 10/49 | €329,982 | €318,799 | -€11,183 | -3.4% |
| Equity | 10/15 | €122,471 | €137,862 | +€15,391 | +12.6% |
| Contributions | 10/11 | €48,300 | €48,300 | = | 0.0% |
| Reserves | 13 | €114,089 | €114,089 | = | 0.0% |
| Distributable reserves | 133 | €114,089 | €114,089 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,918 | -€24,527 | +€15,391 | +38.6% |
| Amounts payable | 17/49 | €207,511 | €180,937 | -€26,574 | -12.8% |
| Amounts payable after more than one year | 17 | €116,349 | €117,590 | +€1,240 | +1.1% |
| Financial debts | 170/4 | €93,489 | €49,018 | -€44,472 | -47.6% |
| Other amounts payable | 178/9 | €22,860 | €68,572 | +€45,712 | +200.0% |
| Amounts payable within one year | 42/48 | €87,348 | €59,536 | -€27,812 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €43,740 | €44,472 | +€732 | +1.7% |
| Trade debts | 44 | €26,620 | €14,520 | -€12,100 | -45.5% |
| Suppliers | 440/4 | €26,620 | €14,520 | -€12,100 | -45.5% |
| Taxes, remuneration and social security | 45 | €16,988 | €545 | -€16,444 | -96.8% |
| Taxes | 450/3 | €16,988 | €545 | -€16,444 | -96.8% |
| Accrued charges and deferred income | 492/3 | €3,814 | €3,812 | -€2 | -0.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €36,592 | €18,087 | -€18,505 | -50.6% |
| Operating profit (loss) | 9901 | €36,205 | €17,687 | -€18,517 | -51.1% |
| Financial charges | 65/66B | €76,123 | €2,296 | -€73,827 | -97.0% |
| Recurring financial charges | 65 | €76,123 | €2,296 | -€73,827 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,918 | €15,391 | +€55,309 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€39,918 | €15,391 | +€55,309 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,918 | €15,391 | +€55,309 |
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 12 October 2026 via checked.be.