Mathijs Druart: 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.
Mathijs Druart
Largest movements
- Receivables within one year +€6,327
up €6,327 (+23.4%), from €26,992 to €33,320
- Cash +€5,951
up €5,951 (+151.7%), from €3,923 to €9,874
mainly Net result for the year (+€11,248) and Depreciation (+€5,883)
- Tangible fixed assets -€5,883
down €5,883 (-37.4%), from €15,712 to €9,829
of which Furniture and vehicles: -€5,793
- Reserves +€10,415
up €10,415 (+34.5%), from €30,227 to €40,642
- Current portion of long-term debt -€4,016
down €4,016 (-74.7%), from €5,377 to €1,361
- Trade debts +€1,874
up €1,874 (+313.1%), from €598 to €2,472
- Debts after one year -€1,361
down €1,361 (-100.0%), from €1,361 to €0
- Gross operating margin -€1,342
down €1,342 (-5.9%), from €22,888 to €21,546
- Financial income +€480
up €480 (+35.9%), from €1,336 to €1,816
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 | €46,967 | €53,568 | +€6,600 | +14.1% |
| Fixed assets | 21/28 | €15,712 | €9,829 | -€5,883 | -37.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €15,712 | €9,829 | -€5,883 | -37.4% |
| Plant, machinery and equipment | 23 | €806 | €716 | -€90 | -11.1% |
| Furniture and vehicles | 24 | €14,906 | €9,113 | -€5,793 | -38.9% |
| Current assets | 29/58 | €31,256 | €43,739 | +€12,483 | +39.9% |
| Amounts receivable within one year | 40/41 | €26,992 | €33,320 | +€6,327 | +23.4% |
| Other amounts receivable | 41 | €26,992 | €33,320 | +€6,327 | +23.4% |
| Cash at bank and in hand | 54/58 | €3,923 | €9,874 | +€5,951 | +151.7% |
| Deferred charges and accrued income | 490/1 | €341 | €546 | +€205 | +60.2% |
| Total equity and liabilities | 10/49 | €46,967 | €53,568 | +€6,600 | +14.1% |
| Equity | 10/15 | €33,227 | €43,642 | +€10,415 | +31.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,227 | €40,642 | +€10,415 | +34.5% |
| Distributable reserves | 133 | €30,227 | €40,642 | +€10,415 | +34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,740 | €9,926 | -€3,814 | -27.8% |
| Amounts payable after more than one year | 17 | €1,361 | €0 | -€1,361 | -100.0% |
| Financial debts | 170/4 | €1,361 | €0 | -€1,361 | -100.0% |
| Amounts payable within one year | 42/48 | €11,628 | €9,335 | -€2,294 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €5,377 | €1,361 | -€4,016 | -74.7% |
| Trade debts | 44 | €598 | €2,472 | +€1,874 | +313.1% |
| Suppliers | 440/4 | €598 | €2,472 | +€1,874 | +313.1% |
| Taxes, remuneration and social security | 45 | €4,820 | €4,668 | -€152 | -3.1% |
| Taxes | 450/3 | €4,820 | €4,668 | -€152 | -3.1% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €751 | €592 | -€159 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,722 | €5,883 | +€161 | +2.8% |
| Other operating charges | 640/8 | €1,412 | €1,320 | -€92 | -6.5% |
| Gross operating margin | 9900 | €22,888 | €21,546 | -€1,342 | -5.9% |
| Operating profit (loss) | 9901 | €15,754 | €14,342 | -€1,411 | -9.0% |
| Financial income | 75/76B | €1,336 | €1,816 | +€480 | +35.9% |
| Recurring financial income | 75 | €1,336 | €1,816 | +€480 | +35.9% |
| Financial charges | 65/66B | €249 | €242 | -€7 | -2.8% |
| Recurring financial charges | 65 | €249 | €242 | -€7 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €16,840 | €15,916 | -€924 | -5.5% |
| Income taxes | 67/77 | €4,820 | €4,668 | -€152 | -3.2% |
| Profit (loss) for the period | 9904 | €12,020 | €11,248 | -€772 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,020 | €11,248 | -€772 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.