Mathieu DN: 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 DN
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash +€93,171
up €93,171 (+211%), from €44,193 to €137,364
mainly Current investments (+€100,000) and Net result for the year (+€74,109)
- Receivables within one year -€12,666
down €12,666 (-38.1%), from €33,253 to €20,587
of which Trade receivables: -€12,055
- Tangible fixed assets -€8,003
down €8,003 (-50.6%), from €15,815 to €7,813
- Other debts -€29,229
down €29,229 (-17.9%), from €163,161 to €133,932
- Tax, wage and social debts +€10,217
up €10,217 (+258%), from €3,958 to €14,175
- Current portion of long-term debt -€4,443
down €4,443 (-100%), from €4,443 to €0
- Trade debts -€3,263
down €3,263 (-96.1%), from €3,397 to €134
- Depreciation -€7,669
down €7,669 (-62.8%), from €12,215 to €4,546
- Gross operating margin -€5,167
down €5,167 (-4.8%), from €107,941 to €102,774
- Financial charges -€2,284
down €2,284 (-60.5%), from €3,775 to €1,491
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 | €195,824 | €167,645 | -€28,179 | -14.4% |
| Fixed assets | 21/28 | €15,815 | €7,813 | -€8,003 | -50.6% |
| Tangible fixed assets | 22/27 | €15,815 | €7,813 | -€8,003 | -50.6% |
| Plant, machinery and equipment | 23 | €7,046 | €5,305 | -€1,741 | -24.7% |
| Furniture and vehicles | 24 | €4,986 | €2,508 | -€2,478 | -49.7% |
| Leasing and similar rights | 25 | €3,783 | €0 | -€3,783 | -100% |
| Current assets | 29/58 | €180,008 | €159,832 | -€20,176 | -11.2% |
| Amounts receivable within one year | 40/41 | €33,253 | €20,587 | -€12,666 | -38.1% |
| Trade receivables | 40 | €31,806 | €19,751 | -€12,055 | -37.9% |
| Other amounts receivable | 41 | €1,447 | €836 | -€611 | -42.2% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €44,193 | €137,364 | +€93,171 | +211% |
| Deferred charges and accrued income | 490/1 | €2,563 | €1,881 | -€682 | -26.6% |
| Total equity and liabilities | 10/49 | €195,824 | €167,645 | -€28,179 | -14.4% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €177,224 | €149,045 | -€28,179 | -15.9% |
| Amounts payable within one year | 42/48 | €174,958 | €148,241 | -€26,716 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €4,443 | €0 | -€4,443 | -100% |
| Trade debts | 44 | €3,397 | €134 | -€3,263 | -96.1% |
| Suppliers | 440/4 | €3,397 | €134 | -€3,263 | -96.1% |
| Taxes, remuneration and social security | 45 | €3,958 | €14,175 | +€10,217 | +258% |
| Taxes | 450/3 | €3,958 | €14,175 | +€10,217 | +258% |
| Other amounts payable | 47/48 | €163,161 | €133,932 | -€29,229 | -17.9% |
| Accrued charges and deferred income | 492/3 | €2,266 | €803 | -€1,462 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,215 | €4,546 | -€7,669 | -62.8% |
| Other operating charges | 640/8 | €665 | €606 | -€59 | -8.9% |
| Non-recurring operating charges | 66A | €17 | €3,783 | +€3,767 | +22,786% |
| Gross operating margin | 9900 | €107,941 | €102,774 | -€5,167 | -4.8% |
| Operating profit (loss) | 9901 | €95,044 | €93,838 | -€1,206 | -1.3% |
| Financial income | 75/76B | €1,262 | €1,317 | +€54 | +4.3% |
| Recurring financial income | 75 | €1,262 | €1,317 | +€54 | +4.3% |
| Financial charges | 65/66B | €3,775 | €1,491 | -€2,284 | -60.5% |
| Recurring financial charges | 65 | €3,775 | €1,491 | -€2,284 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €92,531 | €93,664 | +€1,132 | +1.2% |
| Income taxes | 67/77 | €18,932 | €19,555 | +€623 | +3.3% |
| Profit (loss) for the period | 9904 | €73,599 | €74,109 | +€510 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,599 | €74,109 | +€510 | +0.7% |
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 14 October 2026 via checked.be.