Mathieu's Kitchen: what changed
Two fiscal 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's Kitchen
Largest movements
- Deferred charges and accrued income +€9,166
up €9,166 (+1155.6%), from €793 to €9,959
- Cash +€6,919
up €6,919 (+238.8%), from €2,898 to €9,817
mainly Net result for the year (+€12,322) and Short-term financial debts (+€5,500)
- Tangible fixed assets +€2,865
up €2,865 (+110.0%), from €2,605 to €5,470
of which Furniture and vehicles: +€2,489
- Receivables within one year -€584
down €584 (-22.6%), from €2,580 to €1,996
of which Other amounts receivable: -€316
- Reserves +€11,806
new in 2025: €11,806
- Short-term financial debts +€5,500
new in 2025: €5,500
- Profit (loss) carried forward +€516
no longer reported in 2025 (was -€516)
- Other debts +€460
up €460 (+10.4%), from €4,404 to €4,864
- Gross operating margin +€17,474
up €17,474 (+596.2%), from €2,931 to €20,406
- Taxes +€3,658
up €3,658 (+997.5%), from €367 to €4,025
- Other operating charges +€415
up €415 (+85.6%), from €485 to €901
- Depreciation +€415
up €415 (+29.7%), from €1,396 to €1,811
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.
Cash bridge derived
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 | €9,018 | €27,242 | +€18,224 | +202.1% |
| Formation expenses | 20 | €142 | - | -€142 | |
| Fixed assets | 21/28 | €2,605 | €5,470 | +€2,865 | +110.0% |
| Tangible fixed assets | 22/27 | €2,605 | €5,470 | +€2,865 | +110.0% |
| Plant, machinery and equipment | 23 | €2,365 | €2,740 | +€376 | +15.9% |
| Furniture and vehicles | 24 | €240 | €2,730 | +€2,489 | +1035.5% |
| Current assets | 29/58 | €6,271 | €21,772 | +€15,501 | +247.2% |
| Amounts receivable within one year | 40/41 | €2,580 | €1,996 | -€584 | -22.6% |
| Trade receivables | 40 | €268 | - | -€268 | |
| Other amounts receivable | 41 | €2,312 | €1,996 | -€316 | -13.7% |
| Cash at bank and in hand | 54/58 | €2,898 | €9,817 | +€6,919 | +238.8% |
| Deferred charges and accrued income | 490/1 | €793 | €9,959 | +€9,166 | +1155.6% |
| Total equity and liabilities | 10/49 | €9,018 | €27,242 | +€18,224 | +202.1% |
| Equity | 10/15 | €2,484 | €14,806 | +€12,322 | +496.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €11,806 | +€11,806 | |
| Distributable reserves | 133 | - | €11,806 | +€11,806 | |
| Profit (loss) carried forward | 14 | -€516 | - | +€516 | |
| Amounts payable | 17/49 | €6,534 | €12,436 | +€5,902 | +90.3% |
| Amounts payable within one year | 42/48 | €6,534 | €12,436 | +€5,902 | +90.3% |
| Financial debts | 43 | - | €5,500 | +€5,500 | |
| Credit institutions | 430/8 | - | €5,500 | +€5,500 | |
| Trade debts | 44 | €209 | €258 | +€50 | +23.8% |
| Suppliers | 440/4 | €209 | €258 | +€50 | +23.8% |
| Taxes, remuneration and social security | 45 | €1,921 | €1,813 | -€108 | -5.6% |
| Taxes | 450/3 | €1,921 | €1,813 | -€108 | -5.6% |
| Other amounts payable | 47/48 | €4,404 | €4,864 | +€460 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,396 | €1,811 | +€415 | +29.7% |
| Other operating charges | 640/8 | €485 | €901 | +€415 | +85.6% |
| Gross operating margin | 9900 | €2,931 | €20,406 | +€17,474 | +596.2% |
| Operating profit (loss) | 9901 | €1,050 | €17,694 | +€16,644 | +1584.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,534 | €1,347 | -€187 | -12.2% |
| Recurring financial charges | 65 | €1,534 | €1,347 | -€187 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€484 | €16,347 | +€16,831 | |
| Income taxes | 67/77 | €367 | €4,025 | +€3,658 | +997.5% |
| Profit (loss) for the period | 9904 | -€850 | €12,322 | +€13,173 | |
| Profit (loss) for the period to be appropriated | 9905 | -€850 | €12,322 | +€13,173 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.