MATHIEU INVEST: 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 INVEST
Largest movements
- Receivables within one year +€49,859
up €49,859 (+468%), from €10,645 to €60,504
of which Other amounts receivable: +€50,402
- Cash -€7,683
down €7,683 (-14.4%), from €53,326 to €45,643
mainly Receivables within one year (-€49,859) and Investment in fixed assets (net) (-€3,673)
- Tangible fixed assets +€2,312
up €2,312 (+79.2%), from €2,919 to €5,231
- Reserves +€31,842
up €31,842 (+66.8%), from €47,697 to €79,539
- Tax, wage and social debts +€12,028
up €12,028 (+85.9%), from €13,999 to €26,027
- Gross operating margin -€1,060
down €1,060 (-2.4%), from €44,711 to €43,651
- Taxes -€569
down €569 (-5.2%), from €10,867 to €10,298
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 | €67,939 | €113,142 | +€45,203 | +66.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,919 | €5,231 | +€2,312 | +79.2% |
| Tangible fixed assets | 22/27 | €2,919 | €5,231 | +€2,312 | +79.2% |
| Furniture and vehicles | 24 | €2,919 | €5,231 | +€2,312 | +79.2% |
| Current assets | 29/58 | €65,020 | €107,911 | +€42,891 | +66.0% |
| Amounts receivable within one year | 40/41 | €10,645 | €60,504 | +€49,859 | +468% |
| Trade receivables | 40 | €8,047 | €7,504 | -€542 | -6.7% |
| Other amounts receivable | 41 | €2,598 | €53,000 | +€50,402 | +1,940% |
| Cash at bank and in hand | 54/58 | €53,326 | €45,643 | -€7,683 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,049 | €1,764 | +€715 | +68.2% |
| Total equity and liabilities | 10/49 | €67,939 | €113,142 | +€45,203 | +66.5% |
| Equity | 10/15 | €47,797 | €79,639 | +€31,842 | +66.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €47,697 | €79,539 | +€31,842 | +66.8% |
| Distributable reserves | 133 | €47,697 | €79,539 | +€31,842 | +66.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,142 | €33,503 | +€13,361 | +66.3% |
| Amounts payable within one year | 42/48 | €20,142 | €33,503 | +€13,361 | +66.3% |
| Trade debts | 44 | €4,352 | €4,922 | +€570 | +13.1% |
| Suppliers | 440/4 | €4,352 | €4,922 | +€570 | +13.1% |
| Taxes, remuneration and social security | 45 | €13,999 | €26,027 | +€12,028 | +85.9% |
| Taxes | 450/3 | €13,999 | €26,027 | +€12,028 | +85.9% |
| Other amounts payable | 47/48 | €1,791 | €2,554 | +€763 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,427 | €1,361 | -€66 | -4.6% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €44,711 | €43,651 | -€1,060 | -2.4% |
| Operating profit (loss) | 9901 | €43,284 | €42,290 | -€994 | -2.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €40 | €150 | +€110 | +271% |
| Recurring financial charges | 65 | €40 | €150 | +€110 | +271% |
| Profit (loss) for the period before taxes | 9903 | €43,244 | €42,140 | -€1,104 | -2.6% |
| Income taxes | 67/77 | €10,867 | €10,298 | -€569 | -5.2% |
| Profit (loss) for the period | 9904 | €32,377 | €31,842 | -€535 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,377 | €31,842 | -€535 | -1.7% |
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 15 October 2026 via checked.be.