MATHIJS: 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.
MATHIJS
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€19,326
down €19,326 (-54.2%), from €35,677 to €16,351
mainly Current investments (-€50,000) and Trade debts (-€9,198)
- Receivables within one year +€5,767
up €5,767 (+26.7%), from €21,574 to €27,341
of which Trade receivables: +€7,063
- Tangible fixed assets +€969
up €969 (+170.4%), from €568 to €1,537
- Reserves +€45,629
up €45,629 (+180.7%), from €25,248 to €70,876
- Trade debts -€9,198
down €9,198 (-56.9%), from €16,172 to €6,974
- Tax, wage and social debts +€1,269
up €1,269 (+12.3%), from €10,315 to €11,584
of which Taxes: +€4,685
- Gross operating margin +€48,246
up €48,246 (+292.7%), from €16,483 to €64,729
- Taxes +€13,607
up €13,607 (+335.5%), from €4,055 to €17,662
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 | €57,882 | €95,692 | +€37,810 | +65.3% |
| Fixed assets | 21/28 | €568 | €1,537 | +€969 | +170.4% |
| Tangible fixed assets | 22/27 | €568 | €1,537 | +€969 | +170.4% |
| Furniture and vehicles | 24 | €568 | €1,537 | +€969 | +170.4% |
| Current assets | 29/58 | €57,313 | €94,155 | +€36,842 | +64.3% |
| Amounts receivable within one year | 40/41 | €21,574 | €27,341 | +€5,767 | +26.7% |
| Trade receivables | 40 | €20,177 | €27,240 | +€7,063 | +35.0% |
| Other amounts receivable | 41 | €1,397 | €102 | -€1,296 | -92.7% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €35,677 | €16,351 | -€19,326 | -54.2% |
| Deferred charges and accrued income | 490/1 | €62 | €462 | +€400 | +646.0% |
| Total equity and liabilities | 10/49 | €57,882 | €95,692 | +€37,810 | +65.3% |
| Equity | 10/15 | €27,748 | €73,376 | +€45,629 | +164.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,248 | €70,876 | +€45,629 | +180.7% |
| Distributable reserves | 133 | €25,248 | €70,876 | +€45,629 | +180.7% |
| Amounts payable | 17/49 | €30,134 | €22,315 | -€7,819 | -25.9% |
| Amounts payable within one year | 42/48 | €30,134 | €22,315 | -€7,819 | -25.9% |
| Trade debts | 44 | €16,172 | €6,974 | -€9,198 | -56.9% |
| Suppliers | 440/4 | €16,172 | €6,974 | -€9,198 | -56.9% |
| Taxes, remuneration and social security | 45 | €10,315 | €11,584 | +€1,269 | +12.3% |
| Taxes | 450/3 | €6,899 | €11,584 | +€4,685 | +67.9% |
| Remuneration and social security | 454/9 | €3,416 | - | -€3,416 | |
| Other amounts payable | 47/48 | €3,647 | €3,757 | +€110 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €673 | €621 | -€52 | -7.7% |
| Other operating charges | 640/8 | €1,086 | €704 | -€383 | -35.2% |
| Gross operating margin | 9900 | €16,483 | €64,729 | +€48,246 | +292.7% |
| Operating profit (loss) | 9901 | €14,723 | €63,404 | +€48,681 | +330.6% |
| Financial income | 75/76B | €0 | €251 | +€251 | +2512200.0% |
| Recurring financial income | 75 | €0 | €251 | +€251 | +2512200.0% |
| Financial charges | 65/66B | €227 | €364 | +€137 | +60.3% |
| Recurring financial charges | 65 | €227 | €364 | +€137 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | €14,496 | €63,291 | +€48,795 | +336.6% |
| Income taxes | 67/77 | €4,055 | €17,662 | +€13,607 | +335.5% |
| Profit (loss) for the period | 9904 | €10,440 | €45,629 | +€35,188 | +337.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,440 | €45,629 | +€35,188 | +337.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.