MATHILDE M: 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.
MATHILDE M
Largest movements
- Tangible fixed assets +€35,692
up €35,692 (+22.9%), from €156,091 to €191,782
of which Furniture and vehicles: +€21,969
- Cash -€33,022
down €33,022 (-37.2%), from €88,831 to €55,809
mainly Investment in fixed assets (net) (-€56,594) and Current investments (-€12,000)
- Current investments +€12,000
up €12,000 (+1200.0%), from €1,000 to €13,000
- Reserves +€14,000
up €14,000 (+14.7%), from €95,360 to €109,360
- Tax, wage and social debts -€8,898
down €8,898 (-79.5%), from €11,198 to €2,300
of which Taxes: -€5,898
- Current portion of long-term debt +€5,452
up €5,452 (+25.6%), from €21,318 to €26,770
- Gross operating margin -€2,351
down €2,351 (-4.6%), from €50,925 to €48,574
- Depreciation +€1,920
up €1,920 (+10.1%), from €18,982 to €20,902
- Taxes -€1,898
down €1,898 (-23.1%), from €8,198 to €6,300
- Financial charges -€615
down €615 (-9.6%), from €6,383 to €5,768
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 | €268,807 | €281,334 | +€12,527 | +4.7% |
| Fixed assets | 21/28 | €156,461 | €192,152 | +€35,692 | +22.8% |
| Tangible fixed assets | 22/27 | €156,091 | €191,782 | +€35,692 | +22.9% |
| Land and buildings | 22 | €126,259 | €118,126 | -€8,133 | -6.4% |
| Plant, machinery and equipment | 23 | €4,145 | €26,001 | +€21,856 | +527.3% |
| Furniture and vehicles | 24 | €25,687 | €47,655 | +€21,969 | +85.5% |
| Financial fixed assets | 28 | €370 | €370 | = | 0.0% |
| Current assets | 29/58 | €112,346 | €89,181 | -€23,165 | -20.6% |
| Amounts receivable within one year | 40/41 | - | €519 | +€519 | |
| Trade receivables | 40 | - | €519 | +€519 | |
| Current investments | 50/53 | €1,000 | €13,000 | +€12,000 | +1200.0% |
| Cash at bank and in hand | 54/58 | €88,831 | €55,809 | -€33,022 | -37.2% |
| Deferred charges and accrued income | 490/1 | €22,516 | €19,853 | -€2,662 | -11.8% |
| Total equity and liabilities | 10/49 | €268,807 | €281,334 | +€12,527 | +4.7% |
| Equity | 10/15 | €103,072 | €115,821 | +€12,749 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,360 | €109,360 | +€14,000 | +14.7% |
| Distributable reserves | 133 | €95,360 | €109,360 | +€14,000 | +14.7% |
| Profit (loss) carried forward | 14 | €1,512 | €261 | -€1,251 | -82.8% |
| Amounts payable | 17/49 | €165,735 | €165,513 | -€222 | -0.1% |
| Amounts payable after more than one year | 17 | €127,847 | €127,405 | -€442 | -0.3% |
| Financial debts | 170/4 | €127,847 | €127,405 | -€442 | -0.3% |
| Amounts payable within one year | 42/48 | €37,813 | €38,108 | +€295 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €21,318 | €26,770 | +€5,452 | +25.6% |
| Trade debts | 44 | €2,797 | €4,713 | +€1,916 | +68.5% |
| Suppliers | 440/4 | €2,797 | €4,713 | +€1,916 | +68.5% |
| Taxes, remuneration and social security | 45 | €11,198 | €2,300 | -€8,898 | -79.5% |
| Taxes | 450/3 | €8,198 | €2,300 | -€5,898 | -71.9% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €2,500 | €4,324 | +€1,824 | +73.0% |
| Accrued charges and deferred income | 492/3 | €75 | €0 | -€75 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,982 | €20,902 | +€1,920 | +10.1% |
| Other operating charges | 640/8 | €2,825 | €2,856 | +€31 | +1.1% |
| Gross operating margin | 9900 | €50,925 | €48,574 | -€2,351 | -4.6% |
| Operating profit (loss) | 9901 | €29,118 | €24,817 | -€4,301 | -14.8% |
| Financial income | 75/76B | €38 | €0 | -€38 | -100.0% |
| Recurring financial income | 75 | €38 | €0 | -€38 | -100.0% |
| Financial charges | 65/66B | €6,383 | €5,768 | -€615 | -9.6% |
| Recurring financial charges | 65 | €6,383 | €5,768 | -€615 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €22,773 | €19,049 | -€3,724 | -16.4% |
| Income taxes | 67/77 | €8,198 | €6,300 | -€1,898 | -23.1% |
| Profit (loss) for the period | 9904 | €14,575 | €12,749 | -€1,826 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,575 | €12,749 | -€1,826 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.