MATHICO: 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.
MATHICO
Largest movements
- Tangible fixed assets -€43,857
down €43,857 (-24.3%), from €180,455 to €136,598
- Debts after one year -€106,200
down €106,200 (-55.1%), from €192,622 to €86,422
- Profit (loss) carried forward +€82,727
up €82,727 (+14.8%), from €558,065 to €640,792
- Other debts -€38,494
down €38,494 (-35.6%), from €108,268 to €69,774
- Tax, wage and social debts +€30,328
up €30,328 (+65.2%), from €46,537 to €76,865
- Trade debts -€25,053
down €25,053 (-57.0%), from €43,923 to €18,870
- Gross operating margin +€12,737
up €12,737 (+8.5%), from €148,993 to €161,730
- Depreciation +€11,735
up €11,735 (+36.5%), from €32,122 to €43,857
- Other operating charges -€3,683
down €3,683 (-45.5%), from €8,092 to €4,409
- Taxes +€2,634
up €2,634 (+11.7%), from €22,490 to €25,124
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 | €1,092,544 | €1,031,839 | -€60,706 | -5.6% |
| Fixed assets | 21/28 | €1,072,228 | €1,028,371 | -€43,857 | -4.1% |
| Tangible fixed assets | 22/27 | €180,455 | €136,598 | -€43,857 | -24.3% |
| Furniture and vehicles | 24 | €180,455 | €136,598 | -€43,857 | -24.3% |
| Financial fixed assets | 28 | €891,773 | €891,773 | = | 0.0% |
| Current assets | 29/58 | €20,317 | €3,468 | -€16,849 | -82.9% |
| Amounts receivable within one year | 40/41 | €9,554 | - | -€9,554 | |
| Trade receivables | 40 | €9,554 | - | -€9,554 | |
| Cash at bank and in hand | 54/58 | €4,214 | - | -€4,214 | |
| Deferred charges and accrued income | 490/1 | €6,549 | €3,468 | -€3,081 | -47.0% |
| Total equity and liabilities | 10/49 | €1,092,544 | €1,031,839 | -€60,706 | -5.6% |
| Equity | 10/15 | €585,082 | €665,334 | +€80,252 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,417 | €5,942 | -€2,475 | -29.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,557 | €4,082 | -€2,475 | -37.7% |
| Profit (loss) carried forward | 14 | €558,065 | €640,792 | +€82,727 | +14.8% |
| Provisions and deferred taxes | 16 | €2,186 | €1,361 | -€825 | -37.7% |
| Deferred taxes | 168 | €2,186 | €1,361 | -€825 | -37.7% |
| Amounts payable | 17/49 | €505,277 | €365,144 | -€140,133 | -27.7% |
| Amounts payable after more than one year | 17 | €192,622 | €86,422 | -€106,200 | -55.1% |
| Financial debts | 170/4 | €192,622 | €86,422 | -€106,200 | -55.1% |
| Amounts payable within one year | 42/48 | €304,955 | €277,018 | -€27,937 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €106,200 | €111,180 | +€4,980 | +4.7% |
| Financial debts | 43 | €26 | €328 | +€302 | +1162.1% |
| Credit institutions | 430/8 | €26 | €328 | +€302 | +1162.1% |
| Trade debts | 44 | €43,923 | €18,870 | -€25,053 | -57.0% |
| Suppliers | 440/4 | €43,923 | €18,870 | -€25,053 | -57.0% |
| Taxes, remuneration and social security | 45 | €46,537 | €76,865 | +€30,328 | +65.2% |
| Taxes | 450/3 | €46,537 | €76,865 | +€30,328 | +65.2% |
| Other amounts payable | 47/48 | €108,268 | €69,774 | -€38,494 | -35.6% |
| Accrued charges and deferred income | 492/3 | €7,701 | €1,705 | -€5,996 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €43,857 | +€11,735 | +36.5% |
| Other operating charges | 640/8 | €8,092 | €4,409 | -€3,683 | -45.5% |
| Gross operating margin | 9900 | €148,993 | €161,730 | +€12,737 | +8.5% |
| Operating profit (loss) | 9901 | €108,779 | €113,464 | +€4,685 | +4.3% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €8,241 | €8,956 | +€715 | +8.7% |
| Recurring financial charges | 65 | €8,241 | €8,956 | +€715 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €100,538 | €104,551 | +€4,013 | +4.0% |
| Transfer from deferred taxes | 780 | €825 | €825 | = | 0.0% |
| Income taxes | 67/77 | €22,490 | €25,124 | +€2,634 | +11.7% |
| Profit (loss) for the period | 9904 | €78,873 | €80,252 | +€1,379 | +1.7% |
| Transfer from tax-exempt reserves | 789 | €2,475 | €2,475 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,348 | €82,727 | +€1,379 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.