Mathieu Maurissen: 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 Maurissen
Largest movements
- Tangible fixed assets -€9,079
down €9,079 (-40.0%), from €22,670 to €13,592
of which Other tangible fixed assets: -€5,584
- Receivables within one year +€8,810
up €8,810 (+86.7%), from €10,155 to €18,965
of which Other amounts receivable: +€8,717
- Cash +€4,804
up €4,804 (+17.8%), from €27,004 to €31,807
mainly Net result for the year (+€58,668) and Depreciation (+€12,052)
- Reserves +€38,668
up €38,668 (+11.5%), from €336,578 to €375,246
- Other debts -€15,000
down €15,000 (-100%), from €15,000 to €0
- Contributions -€12,400
down €12,400 (-100%), from €12,400 to €0
- Tax, wage and social debts -€5,192
down €5,192 (-66.1%), from €7,849 to €2,657
of which Taxes: -€5,272
- Gross operating margin -€11,746
down €11,746 (-10.4%), from €113,190 to €101,444
- Financial income -€7,017
down €7,017 (-39.8%), from €17,648 to €10,631
- Depreciation -€6,894
down €6,894 (-36.4%), from €18,946 to €12,052
- Taxes -€5,188
down €5,188 (-17.1%), from €30,392 to €25,204
- Financial charges -€2,044
down €2,044 (-59.3%), from €3,447 to €1,403
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 | €375,373 | €381,606 | +€6,233 | +1.7% |
| Fixed assets | 21/28 | €22,670 | €13,592 | -€9,079 | -40.0% |
| Tangible fixed assets | 22/27 | €22,670 | €13,592 | -€9,079 | -40.0% |
| Plant, machinery and equipment | 23 | €8,543 | €6,069 | -€2,474 | -29.0% |
| Furniture and vehicles | 24 | €3,841 | €2,820 | -€1,021 | -26.6% |
| Other tangible fixed assets | 26 | €10,287 | €4,703 | -€5,584 | -54.3% |
| Current assets | 29/58 | €352,703 | €368,015 | +€15,312 | +4.3% |
| Amounts receivable within one year | 40/41 | €10,155 | €18,965 | +€8,810 | +86.7% |
| Trade receivables | 40 | €3,593 | €3,687 | +€93 | +2.6% |
| Other amounts receivable | 41 | €6,562 | €15,279 | +€8,717 | +133% |
| Current investments | 50/53 | €312,506 | €315,311 | +€2,805 | +0.9% |
| Cash at bank and in hand | 54/58 | €27,004 | €31,807 | +€4,804 | +17.8% |
| Deferred charges and accrued income | 490/1 | €3,038 | €1,931 | -€1,108 | -36.5% |
| Total equity and liabilities | 10/49 | €375,373 | €381,606 | +€6,233 | +1.7% |
| Equity | 10/15 | €348,978 | €375,246 | +€26,268 | +7.5% |
| Contributions | 10/11 | €12,400 | €0 | -€12,400 | -100% |
| Reserves | 13 | €336,578 | €375,246 | +€38,668 | +11.5% |
| Distributable reserves | 133 | €336,578 | €375,246 | +€38,668 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,395 | €6,360 | -€20,035 | -75.9% |
| Amounts payable within one year | 42/48 | €26,395 | €6,360 | -€20,035 | -75.9% |
| Trade debts | 44 | €3,546 | €3,703 | +€157 | +4.4% |
| Suppliers | 440/4 | €3,546 | €3,703 | +€157 | +4.4% |
| Taxes, remuneration and social security | 45 | €7,849 | €2,657 | -€5,192 | -66.1% |
| Taxes | 450/3 | €6,070 | €798 | -€5,272 | -86.9% |
| Remuneration and social security | 454/9 | €1,779 | €1,859 | +€80 | +4.5% |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100% |
| Remuneration, social security and pensions | 62 | €13,303 | €13,623 | +€320 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,946 | €12,052 | -€6,894 | -36.4% |
| Other operating charges | 640/8 | €1,036 | €1,125 | +€90 | +8.7% |
| Gross operating margin | 9900 | €113,190 | €101,444 | -€11,746 | -10.4% |
| Operating profit (loss) | 9901 | €79,905 | €74,644 | -€5,262 | -6.6% |
| Financial income | 75/76B | €17,648 | €10,631 | -€7,017 | -39.8% |
| Recurring financial income | 75 | €17,648 | €10,631 | -€7,017 | -39.8% |
| Financial charges | 65/66B | €3,447 | €1,403 | -€2,044 | -59.3% |
| Recurring financial charges | 65 | €3,447 | €1,403 | -€2,044 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | €94,107 | €83,872 | -€10,235 | -10.9% |
| Income taxes | 67/77 | €30,392 | €25,204 | -€5,188 | -17.1% |
| Profit (loss) for the period | 9904 | €63,715 | €58,668 | -€5,047 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,715 | €58,668 | -€5,047 | -7.9% |
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 22 October 2026 via checked.be.