Mathieu Catry: 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 Catry
Largest movements
- Cash +€52,470
up €52,470 (+49.5%), from €106,030 to €158,501
mainly Net result for the year (+€51,026) and Other debts (+€48,337)
- Receivables within one year +€14,700
up €14,700 (+1508.7%), from €974 to €15,674
of which Trade receivables: +€14,693
- Tangible fixed assets +€2,193
up €2,193 (+32.8%), from €6,693 to €8,886
of which Plant, machinery and equipment: +€2,462
- Other debts +€48,337
up €48,337 (+642.8%), from €7,520 to €55,858
- Accrued charges and deferred income +€12,075
up €12,075 (+1664.3%), from €726 to €12,800
- Tax, wage and social debts +€7,166
up €7,166 (+78.8%), from €9,097 to €16,264
- Trade debts +€3,010
up €3,010 (+13857.1%), from €22 to €3,031
- Gross operating margin +€10,966
up €10,966 (+19.2%), from €57,124 to €68,090
- Taxes -€2,378
down €2,378 (-15.0%), from €15,891 to €13,514
- Depreciation +€1,569
up €1,569 (+227.1%), from €691 to €2,260
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 | €113,697 | €184,285 | +€70,588 | +62.1% |
| Fixed assets | 21/28 | €6,693 | €8,886 | +€2,193 | +32.8% |
| Tangible fixed assets | 22/27 | €6,693 | €8,886 | +€2,193 | +32.8% |
| Plant, machinery and equipment | 23 | €4,104 | €6,566 | +€2,462 | +60.0% |
| Furniture and vehicles | 24 | €2,589 | €2,320 | -€269 | -10.4% |
| Current assets | 29/58 | €107,005 | €175,400 | +€68,395 | +63.9% |
| Amounts receivable within one year | 40/41 | €974 | €15,674 | +€14,700 | +1508.7% |
| Trade receivables | 40 | €969 | €15,662 | +€14,693 | +1517.0% |
| Other amounts receivable | 41 | €6 | €12 | +€6 | +108.1% |
| Cash at bank and in hand | 54/58 | €106,030 | €158,501 | +€52,470 | +49.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,225 | +€1,225 | |
| Total equity and liabilities | 10/49 | €113,697 | €184,285 | +€70,588 | +62.1% |
| Equity | 10/15 | €96,332 | €96,332 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €81,332 | €81,332 | = | 0.0% |
| Distributable reserves | 133 | €81,332 | €81,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,365 | €87,953 | +€70,588 | +406.5% |
| Amounts payable within one year | 42/48 | €16,639 | €75,153 | +€58,514 | +351.7% |
| Trade debts | 44 | €22 | €3,031 | +€3,010 | +13857.1% |
| Suppliers | 440/4 | €22 | €3,031 | +€3,010 | +13857.1% |
| Taxes, remuneration and social security | 45 | €9,097 | €16,264 | +€7,166 | +78.8% |
| Taxes | 450/3 | €9,097 | €16,264 | +€7,166 | +78.8% |
| Other amounts payable | 47/48 | €7,520 | €55,858 | +€48,337 | +642.8% |
| Accrued charges and deferred income | 492/3 | €726 | €12,800 | +€12,075 | +1664.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €691 | €2,260 | +€1,569 | +227.1% |
| Other operating charges | 640/8 | - | €582 | +€582 | |
| Gross operating margin | 9900 | €57,124 | €68,090 | +€10,966 | +19.2% |
| Operating profit (loss) | 9901 | €56,433 | €65,248 | +€8,815 | +15.6% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100.0% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100.0% |
| Financial charges | 65/66B | €551 | €709 | +€157 | +28.6% |
| Recurring financial charges | 65 | €551 | €709 | +€157 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €55,889 | €64,539 | +€8,650 | +15.5% |
| Income taxes | 67/77 | €15,891 | €13,514 | -€2,378 | -15.0% |
| Profit (loss) for the period | 9904 | €39,998 | €51,026 | +€11,028 | +27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,998 | €51,026 | +€11,028 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.