MATHIEU VAN DE POEL: 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 VAN DE POEL
Largest movements
- Receivables within one year -€6,012
down €6,012 (-11.2%), from €53,489 to €47,477
of which Trade receivables: -€8,169
- Cash -€1,648
down €1,648 (-6.5%), from €25,428 to €23,779
mainly Contributions, distributions and other (-€59,484) and Tax, wage and social debts (-€2,332)
- Profit (loss) carried forward -€13,235
no longer reported in 2025 (was €13,235)
- Other debts +€7,349
up €7,349 (+14.8%), from €49,517 to €56,866
- Tax, wage and social debts -€2,332
down €2,332 (-17.7%), from €13,154 to €10,823
- Gross operating margin -€4,394
down €4,394 (-6.1%), from €72,310 to €67,916
- Financial charges -€1,231
down €1,231 (-13.7%), from €8,993 to €7,762
- Taxes -€902
down €902 (-6.6%), from €13,745 to €12,843
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 | €84,894 | €77,111 | -€7,784 | -9.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,368 | €1,733 | -€634 | -26.8% |
| Tangible fixed assets | 22/27 | €2,368 | €1,733 | -€634 | -26.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €2,368 | €1,733 | -€634 | -26.8% |
| Current assets | 29/58 | €82,526 | €75,377 | -€7,149 | -8.7% |
| Amounts receivable within one year | 40/41 | €53,489 | €47,477 | -€6,012 | -11.2% |
| Trade receivables | 40 | €51,234 | €43,065 | -€8,169 | -15.9% |
| Other amounts receivable | 41 | €2,255 | €4,412 | +€2,157 | +95.7% |
| Cash at bank and in hand | 54/58 | €25,428 | €23,779 | -€1,648 | -6.5% |
| Deferred charges and accrued income | 490/1 | €3,610 | €4,121 | +€511 | +14.1% |
| Total equity and liabilities | 10/49 | €84,894 | €77,111 | -€7,784 | -9.2% |
| Equity | 10/15 | €18,235 | €5,000 | -€13,235 | -72.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,235 | - | -€13,235 | |
| Amounts payable | 17/49 | €66,659 | €72,111 | +€5,452 | +8.2% |
| Amounts payable within one year | 42/48 | €66,659 | €72,111 | +€5,452 | +8.2% |
| Financial debts | 43 | €173 | €315 | +€142 | +82.5% |
| Credit institutions | 430/8 | €173 | €315 | +€142 | +82.5% |
| Trade debts | 44 | €3,814 | €4,106 | +€292 | +7.7% |
| Suppliers | 440/4 | €3,814 | €4,106 | +€292 | +7.7% |
| Taxes, remuneration and social security | 45 | €13,154 | €10,823 | -€2,332 | -17.7% |
| Taxes | 450/3 | €13,154 | €10,823 | -€2,332 | -17.7% |
| Other amounts payable | 47/48 | €49,517 | €56,866 | +€7,349 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €634 | = | 0.0% |
| Other operating charges | 640/8 | €416 | €428 | +€12 | +3.0% |
| Gross operating margin | 9900 | €72,310 | €67,916 | -€4,394 | -6.1% |
| Operating profit (loss) | 9901 | €71,260 | €66,854 | -€4,406 | -6.2% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.3% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.3% |
| Financial charges | 65/66B | €8,993 | €7,762 | -€1,231 | -13.7% |
| Recurring financial charges | 65 | €8,993 | €7,762 | -€1,231 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €62,275 | €59,092 | -€3,183 | -5.1% |
| Income taxes | 67/77 | €13,745 | €12,843 | -€902 | -6.6% |
| Profit (loss) for the period | 9904 | €48,529 | €46,249 | -€2,280 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,529 | €46,249 | -€2,280 | -4.7% |
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 22 October 2026 via checked.be.