Mathieu Detemmerman: 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 Detemmerman
Largest movements
- Cash +€94,836
up €94,836 (+534%), from €17,745 to €112,581
mainly Net result for the year (+€68,196) and Tax, wage and social debts (+€27,258)
- Reserves +€68,196
up €68,196 (+983%), from €6,936 to €75,132
- Tax, wage and social debts +€27,258
up €27,258 (+288%), from €9,461 to €36,719
- Gross operating margin +€80,201
up €80,201 (+689%), from €11,638 to €91,839
- Taxes +€15,650
up €15,650 (+733%), from €2,135 to €17,785
- Financial charges +€2,002
up €2,002 (+107%), from €1,877 to €3,880
- Depreciation +€1,518
up €1,518 (+299%), from €507 to €2,024
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 | €24,122 | €119,137 | +€95,015 | +394% |
| Fixed assets | 21/28 | €5,460 | €4,609 | -€851 | -15.6% |
| Tangible fixed assets | 22/27 | €5,460 | €4,609 | -€851 | -15.6% |
| Furniture and vehicles | 24 | €5,460 | €4,609 | -€851 | -15.6% |
| Current assets | 29/58 | €18,662 | €114,528 | +€95,866 | +514% |
| Amounts receivable within one year | 40/41 | - | €1,030 | +€1,030 | |
| Trade receivables | 40 | - | €1,030 | +€1,030 | |
| Cash at bank and in hand | 54/58 | €17,745 | €112,581 | +€94,836 | +534% |
| Deferred charges and accrued income | 490/1 | €917 | €917 | = | 0.0% |
| Total equity and liabilities | 10/49 | €24,122 | €119,137 | +€95,015 | +394% |
| Equity | 10/15 | €11,936 | €80,132 | +€68,196 | +571% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,936 | €75,132 | +€68,196 | +983% |
| Distributable reserves | 133 | €6,936 | €75,132 | +€68,196 | +983% |
| Amounts payable | 17/49 | €12,186 | €39,005 | +€26,819 | +220% |
| Amounts payable within one year | 42/48 | €12,186 | €39,005 | +€26,819 | +220% |
| Financial debts | 43 | €5 | €0 | -€5 | -100% |
| Credit institutions | 430/8 | €5 | €0 | -€5 | -100% |
| Trade debts | 44 | €2,038 | €1,522 | -€516 | -25.3% |
| Suppliers | 440/4 | €2,038 | €1,522 | -€516 | -25.3% |
| Taxes, remuneration and social security | 45 | €9,461 | €36,719 | +€27,258 | +288% |
| Taxes | 450/3 | €9,461 | €36,719 | +€27,258 | +288% |
| Other amounts payable | 47/48 | €683 | €764 | +€82 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €2,024 | +€1,518 | +299% |
| Other operating charges | 640/8 | €189 | €17 | -€172 | -91.0% |
| Gross operating margin | 9900 | €11,638 | €91,839 | +€80,201 | +689% |
| Operating profit (loss) | 9901 | €10,942 | €89,798 | +€78,856 | +721% |
| Financial income | 75/76B | €6 | €63 | +€57 | +926% |
| Recurring financial income | 75 | €6 | €63 | +€57 | +926% |
| Financial charges | 65/66B | €1,877 | €3,880 | +€2,002 | +107% |
| Recurring financial charges | 65 | €1,877 | €3,880 | +€2,002 | +107% |
| Profit (loss) for the period before taxes | 9903 | €9,071 | €85,981 | +€76,910 | +848% |
| Income taxes | 67/77 | €2,135 | €17,785 | +€15,650 | +733% |
| Profit (loss) for the period | 9904 | €6,936 | €68,196 | +€61,260 | +883% |
| Profit (loss) for the period to be appropriated | 9905 | €6,936 | €68,196 | +€61,260 | +883% |
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 26 October 2026 via checked.be.