MATHIEU DELALOY: 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 DELALOY
Largest movements
- Cash +€38,501
up €38,501 (+47.1%), from €81,750 to €120,250
mainly Other debts (+€110,500) and Net result for the year (+€37,421)
- Deferred charges and accrued income -€1,985
down €1,985 (-23.4%), from €8,495 to €6,510
- Other debts +€110,500
new in 2025: €110,500
- Profit (loss) carried forward -€92,579
down €92,579 (-96.9%), from €95,575 to €2,996
- Tax, wage and social debts +€19,725
up €19,725 (+1,275%), from €1,547 to €21,273
- Other operating charges -€1,244
down €1,244 (-47.5%), from €2,618 to €1,374
- Taxes +€1,225
up €1,225 (+9.8%), from €12,547 to €13,773
- Gross operating margin +€718
up €718 (+1.3%), from €54,696 to €55,414
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 | €98,609 | €136,093 | +€37,483 | +38.0% |
| Current assets | 29/58 | €98,609 | €136,093 | +€37,483 | +38.0% |
| Amounts receivable within one year | 40/41 | €8,364 | €9,332 | +€968 | +11.6% |
| Trade receivables | 40 | €5,125 | €7,129 | +€2,004 | +39.1% |
| Other amounts receivable | 41 | €3,239 | €2,203 | -€1,036 | -32.0% |
| Cash at bank and in hand | 54/58 | €81,750 | €120,250 | +€38,501 | +47.1% |
| Deferred charges and accrued income | 490/1 | €8,495 | €6,510 | -€1,985 | -23.4% |
| Total equity and liabilities | 10/49 | €98,609 | €136,093 | +€37,483 | +38.0% |
| Equity | 10/15 | €95,675 | €3,096 | -€92,579 | -96.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,575 | €2,996 | -€92,579 | -96.9% |
| Amounts payable | 17/49 | €2,934 | €132,997 | +€130,063 | +4,433% |
| Amounts payable within one year | 42/48 | €2,934 | €132,997 | +€130,063 | +4,433% |
| Trade debts | 44 | €1,386 | €1,224 | -€162 | -11.7% |
| Suppliers | 440/4 | €1,386 | €1,224 | -€162 | -11.7% |
| Taxes, remuneration and social security | 45 | €1,547 | €21,273 | +€19,725 | +1,275% |
| Taxes | 450/3 | €1,547 | €21,273 | +€19,725 | +1,275% |
| Other amounts payable | 47/48 | - | €110,500 | +€110,500 | |
| Non-recurring operating income | 76A | €6,314 | - | -€6,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | - | -€191 | |
| Other operating charges | 640/8 | €2,618 | €1,374 | -€1,244 | -47.5% |
| Gross operating margin | 9900 | €54,696 | €55,414 | +€718 | +1.3% |
| Operating profit (loss) | 9901 | €51,887 | €54,040 | +€2,152 | +4.1% |
| Financial income | 75/76B | €183 | €147 | -€36 | -19.4% |
| Recurring financial income | 75 | €183 | €147 | -€36 | -19.4% |
| Financial charges | 65/66B | €3,288 | €2,994 | -€295 | -9.0% |
| Recurring financial charges | 65 | €3,288 | €2,994 | -€295 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €48,782 | €51,193 | +€2,411 | +4.9% |
| Income taxes | 67/77 | €12,547 | €13,773 | +€1,225 | +9.8% |
| Profit (loss) for the period | 9904 | €36,235 | €37,421 | +€1,186 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,235 | €37,421 | +€1,186 | +3.3% |
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 23 October 2026 via checked.be.