MATHIE: 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.
MATHIE
Largest movements
- Tangible fixed assets -€6,252
down €6,252 (-3.2%), from €192,941 to €186,689
of which Land and buildings: -€6,853
- Cash -€3,059
down €3,059 (-4.0%), from €76,757 to €73,698
mainly Debts after one year (-€13,693) and Other debts (-€9,132)
- Debts after one year -€13,693
down €13,693 (-53.1%), from €25,764 to €12,070
of which Financial debts: -€12,593
- Profit (loss) carried forward +€11,650
up €11,650, from -€4,036 to €7,614
- Other debts -€9,132
down €9,132 (-9.2%), from €98,826 to €89,694
- Gross operating margin -€13,166
down €13,166 (-28.0%), from €47,103 to €33,937
- Financial charges -€3,183
down €3,183 (-26.5%), from €12,007 to €8,824
of which Financial charges: -€1,739
- Other operating charges +€1,970
up €1,970 (+41.4%), from €4,763 to €6,732
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 | €277,771 | €267,767 | -€10,003 | -3.6% |
| Fixed assets | 21/28 | €192,941 | €186,689 | -€6,252 | -3.2% |
| Tangible fixed assets | 22/27 | €192,941 | €186,689 | -€6,252 | -3.2% |
| Land and buildings | 22 | €192,304 | €185,451 | -€6,853 | -3.6% |
| Plant, machinery and equipment | 23 | €637 | €467 | -€170 | -26.7% |
| Furniture and vehicles | 24 | - | €771 | +€771 | |
| Current assets | 29/58 | €84,829 | €81,078 | -€3,751 | -4.4% |
| Amounts receivable within one year | 40/41 | €6,728 | €6,057 | -€671 | -10.0% |
| Trade receivables | 40 | €6,515 | €3,321 | -€3,194 | -49.0% |
| Other amounts receivable | 41 | €213 | €2,736 | +€2,523 | +1183.2% |
| Cash at bank and in hand | 54/58 | €76,757 | €73,698 | -€3,059 | -4.0% |
| Deferred charges and accrued income | 490/1 | €1,344 | €1,323 | -€21 | -1.6% |
| Total equity and liabilities | 10/49 | €277,771 | €267,767 | -€10,003 | -3.6% |
| Equity | 10/15 | €126,852 | €138,501 | +€11,650 | +9.2% |
| Contributions | 10/11 | €118,989 | €118,989 | = | 0.0% |
| Capital | 10 | €118,989 | €118,989 | = | 0.0% |
| Issued capital | 100 | €118,989 | €118,989 | = | 0.0% |
| Reserves | 13 | €11,899 | €11,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,899 | €11,899 | = | 0.0% |
| Legal reserve | 130 | €11,899 | €11,899 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,036 | €7,614 | +€11,650 | |
| Amounts payable | 17/49 | €150,919 | €129,266 | -€21,653 | -14.3% |
| Amounts payable after more than one year | 17 | €25,764 | €12,070 | -€13,693 | -53.1% |
| Financial debts | 170/4 | €24,664 | €12,070 | -€12,593 | -51.1% |
| Other amounts payable | 178/9 | €1,100 | - | -€1,100 | |
| Amounts payable within one year | 42/48 | €115,538 | €108,751 | -€6,787 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €12,021 | €12,593 | +€573 | +4.8% |
| Trade debts | 44 | €4,406 | €2,523 | -€1,883 | -42.7% |
| Suppliers | 440/4 | €4,406 | €2,523 | -€1,883 | -42.7% |
| Advances received on contracts in progress | 46 | - | €907 | +€907 | |
| Taxes, remuneration and social security | 45 | €285 | €3,034 | +€2,749 | +964.1% |
| Taxes | 450/3 | €285 | €3,034 | +€2,749 | +964.1% |
| Other amounts payable | 47/48 | €98,826 | €89,694 | -€9,132 | -9.2% |
| Accrued charges and deferred income | 492/3 | €9,618 | €8,445 | -€1,173 | -12.2% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,023 | €7,188 | +€165 | +2.4% |
| Other operating charges | 640/8 | €4,763 | €6,732 | +€1,970 | +41.4% |
| Gross operating margin | 9900 | €47,103 | €33,937 | -€13,166 | -28.0% |
| Operating profit (loss) | 9901 | €35,317 | €20,016 | -€15,301 | -43.3% |
| Financial income | 75/76B | €471 | €457 | -€14 | -3.0% |
| Recurring financial income | 75 | €471 | €457 | -€14 | -3.0% |
| Financial charges | 65/66B | €12,007 | €8,824 | -€3,183 | -26.5% |
| Recurring financial charges | 65 | €10,562 | €8,824 | -€1,739 | -16.5% |
| Non-recurring financial charges | 66B | €1,444 | - | -€1,444 | |
| Profit (loss) for the period before taxes | 9903 | €23,782 | €11,650 | -€12,132 | -51.0% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €23,782 | €11,650 | -€12,132 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,782 | €11,650 | -€12,132 | -51.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.