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 -€69,094
down €69,094 (-7.1%), from €970,242 to €901,148
of which Land and buildings: -€45,459
- Cash +€59,403
up €59,403 (+593.0%), from €10,017 to €69,421
mainly Depreciation (+€70,694) and Net result for the year (+€41,257)
- Receivables within one year +€19,987
up €19,987 (+79.4%), from €25,186 to €45,173
of which Trade receivables: +€19,605
- Debts after one year -€68,467
down €68,467 (-11.0%), from €623,096 to €554,629
- Reserves +€41,257
up €41,257 (+16.0%), from €257,669 to €298,926
of which Distributable reserves: +€41,257
- Short-term financial debts -€26,021
down €26,021 (-74.7%), from €34,834 to €8,813
- Current portion of long-term debt +€23,504
up €23,504 (+52.3%), from €44,963 to €68,467
- Other debts +€16,914
up €16,914 (+66.5%), from €25,438 to €42,352
- Gross operating margin -€27,859
down €27,859 (-15.0%), from €185,285 to €157,426
- Other operating charges -€16,691
down €16,691 (-69.2%), from €24,114 to €7,424
- Taxes -€11,124
down €11,124 (-49.8%), from €22,353 to €11,229
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 | €1,021,475 | €1,023,173 | +€1,698 | +0.2% |
| Fixed assets | 21/28 | €970,242 | €901,148 | -€69,094 | -7.1% |
| Tangible fixed assets | 22/27 | €970,242 | €901,148 | -€69,094 | -7.1% |
| Land and buildings | 22 | €881,776 | €836,317 | -€45,459 | -5.2% |
| Furniture and vehicles | 24 | €88,466 | €64,831 | -€23,635 | -26.7% |
| Current assets | 29/58 | €51,233 | €122,025 | +€70,792 | +138.2% |
| Stocks and contracts in progress | 3 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Stocks | 30/36 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €25,186 | €45,173 | +€19,987 | +79.4% |
| Trade receivables | 40 | €21,797 | €41,402 | +€19,605 | +89.9% |
| Other amounts receivable | 41 | €3,390 | €3,771 | +€381 | +11.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,017 | €69,421 | +€59,403 | +593.0% |
| Deferred charges and accrued income | 490/1 | €5,780 | €2,182 | -€3,598 | -62.3% |
| Total equity and liabilities | 10/49 | €1,021,475 | €1,023,173 | +€1,698 | +0.2% |
| Equity | 10/15 | €270,069 | €311,326 | +€41,257 | +15.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €257,669 | €298,926 | +€41,257 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €255,809 | €297,066 | +€41,257 | +16.1% |
| Amounts payable | 17/49 | €751,406 | €711,847 | -€39,559 | -5.3% |
| Amounts payable after more than one year | 17 | €623,096 | €554,629 | -€68,467 | -11.0% |
| Financial debts | 170/4 | €623,096 | €554,629 | -€68,467 | -11.0% |
| Amounts payable within one year | 42/48 | €125,678 | €157,207 | +€31,529 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €44,963 | €68,467 | +€23,504 | +52.3% |
| Financial debts | 43 | €34,834 | €8,813 | -€26,021 | -74.7% |
| Credit institutions | 430/8 | €34,834 | €8,813 | -€26,021 | -74.7% |
| Trade debts | 44 | €15,708 | €26,397 | +€10,689 | +68.0% |
| Suppliers | 440/4 | €15,708 | €26,397 | +€10,689 | +68.0% |
| Taxes, remuneration and social security | 45 | €4,734 | €11,178 | +€6,443 | +136.1% |
| Taxes | 450/3 | €2,984 | €9,428 | +€6,443 | +215.9% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €25,438 | €42,352 | +€16,914 | +66.5% |
| Accrued charges and deferred income | 492/3 | €2,632 | €11 | -€2,621 | -99.6% |
| Non-recurring operating income | 76A | €47,305 | €0 | -€47,305 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,919 | €70,694 | +€1,775 | +2.6% |
| Other operating charges | 640/8 | €24,114 | €7,424 | -€16,691 | -69.2% |
| Gross operating margin | 9900 | €185,285 | €157,426 | -€27,859 | -15.0% |
| Operating profit (loss) | 9901 | €92,252 | €79,309 | -€12,943 | -14.0% |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €28,622 | €26,830 | -€1,792 | -6.3% |
| Recurring financial charges | 65 | €28,622 | €26,830 | -€1,792 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €63,629 | €52,486 | -€11,143 | -17.5% |
| Income taxes | 67/77 | €22,353 | €11,229 | -€11,124 | -49.8% |
| Profit (loss) for the period | 9904 | €41,276 | €41,257 | -€19 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,276 | €41,257 | -€19 | 0.0% |
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 8 October 2026 via checked.be.