MATHIEU BOUCHAT SUPERCAR: 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.
MATHIEU BOUCHAT SUPERCAR
Largest movements
- Tangible fixed assets -€341,417
down €341,417 (-76.0%), from €449,135 to €107,718
- Cash +€232,512
up €232,512 (+2,540%), from €9,153 to €241,665
mainly Investment in fixed assets (net) (+€303,685) and Depreciation (+€38,205)
- Debts after one year -€143,924
down €143,924 (-53.6%), from €268,683 to €124,759
- Tax, wage and social debts +€26,635
up €26,635 (+405%), from €6,582 to €33,217
- Advances received -€13,500
no longer reported in 2025 (was €13,500)
- Profit (loss) carried forward +€13,315
up €13,315 (+16.9%), from -€78,646 to -€65,331
- Current portion of long-term debt +€6,059
up €6,059 (+4.4%), from €137,865 to €143,924
- Depreciation -€86,536
down €86,536 (-69.4%), from €124,741 to €38,205
- Gross operating margin -€18,479
down €18,479 (-18.8%), from €98,528 to €80,049
- Other operating charges -€13,034
down €13,034 (-95.2%), from €13,692 to €658
- Financial charges +€8,093
up €8,093 (+40.9%), from €19,778 to €27,871
of which Non-recurring financial charges: +€12,486
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.
Derived cash bridge
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 | €474,638 | €364,916 | -€109,722 | -23.1% |
| Fixed assets | 21/28 | €450,025 | €108,135 | -€341,890 | -76.0% |
| Intangible fixed assets | 21 | €890 | €417 | -€473 | -53.1% |
| Tangible fixed assets | 22/27 | €449,135 | €107,718 | -€341,417 | -76.0% |
| Furniture and vehicles | 24 | €449,135 | €107,718 | -€341,417 | -76.0% |
| Current assets | 29/58 | €24,613 | €256,781 | +€232,168 | +943% |
| Amounts receivable within one year | 40/41 | €14,380 | €15,116 | +€736 | +5.1% |
| Trade receivables | 40 | €14,380 | €15,116 | +€736 | +5.1% |
| Cash at bank and in hand | 54/58 | €9,153 | €241,665 | +€232,512 | +2,540% |
| Deferred charges and accrued income | 490/1 | €1,080 | - | -€1,080 | |
| Total equity and liabilities | 10/49 | €474,638 | €364,916 | -€109,722 | -23.1% |
| Equity | 10/15 | €31,354 | €44,669 | +€13,315 | +42.5% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,646 | -€65,331 | +€13,315 | +16.9% |
| Amounts payable | 17/49 | €443,284 | €320,247 | -€123,037 | -27.8% |
| Amounts payable after more than one year | 17 | €268,683 | €124,759 | -€143,924 | -53.6% |
| Financial debts | 170/4 | €268,683 | €124,759 | -€143,924 | -53.6% |
| Amounts payable within one year | 42/48 | €174,601 | €195,488 | +€20,887 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €137,865 | €143,924 | +€6,059 | +4.4% |
| Trade debts | 44 | €3,236 | - | -€3,236 | |
| Suppliers | 440/4 | €3,236 | - | -€3,236 | |
| Advances received on contracts in progress | 46 | €13,500 | - | -€13,500 | |
| Taxes, remuneration and social security | 45 | €6,582 | €33,217 | +€26,635 | +405% |
| Taxes | 450/3 | €6,582 | €33,217 | +€26,635 | +405% |
| Other amounts payable | 47/48 | €13,418 | €18,347 | +€4,929 | +36.7% |
| Non-recurring operating income | 76A | - | €20,980 | +€20,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,741 | €38,205 | -€86,536 | -69.4% |
| Other operating charges | 640/8 | €13,692 | €658 | -€13,034 | -95.2% |
| Gross operating margin | 9900 | €98,528 | €80,049 | -€18,479 | -18.8% |
| Operating profit (loss) | 9901 | -€39,905 | €41,186 | +€81,091 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €19,778 | €27,871 | +€8,093 | +40.9% |
| Recurring financial charges | 65 | €19,778 | €15,385 | -€4,393 | -22.2% |
| Non-recurring financial charges | 66B | - | €12,486 | +€12,486 | |
| Profit (loss) for the period before taxes | 9903 | -€59,682 | €13,315 | +€72,997 | |
| Profit (loss) for the period | 9904 | -€59,682 | €13,315 | +€72,997 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,682 | €13,315 | +€72,997 |
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 24 October 2026 via checked.be.