MATHILDESTUDIOS: 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.
MATHILDESTUDIOS
Largest movements
- Tangible fixed assets +€18,268
up €18,268 (+48.3%), from €37,793 to €56,061
of which Leasing and similar rights: +€22,720
- Stocks and contracts -€9,645
down €9,645 (-22.1%), from €43,650 to €34,005
of which Contracts in progress: -€6,645
- Cash +€9,452
up €9,452 (+76.3%), from €12,396 to €21,848
mainly Debts after one year (+€19,575) and Depreciation (+€15,520)
- Receivables within one year -€3,538
down €3,538 (-23.5%), from €15,038 to €11,500
- Debts after one year +€19,575
new in 2025: €19,575
- Trade debts -€9,508
down €9,508 (-49.7%), from €19,140 to €9,632
- Current portion of long-term debt +€4,070
new in 2025: €4,070
- Other debts +€2,802
up €2,802 (+77.2%), from €3,630 to €6,432
- Short-term financial debts -€2,369
down €2,369 (-98.1%), from €2,414 to €45
- Gross operating margin +€10,114
up €10,114 (+114.0%), from €8,874 to €18,988
- Depreciation +€2,194
up €2,194 (+16.5%), from €13,325 to €15,520
- Financial charges +€1,070
up €1,070 (+1019.0%), from €105 to €1,175
- Other operating charges +€544
up €544 (+41.2%), from €1,321 to €1,864
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 | €116,607 | €130,955 | +€14,348 | +12.3% |
| Fixed assets | 21/28 | €38,993 | €57,261 | +€18,268 | +46.9% |
| Tangible fixed assets | 22/27 | €37,793 | €56,061 | +€18,268 | +48.3% |
| Plant, machinery and equipment | 23 | €5,335 | €2,407 | -€2,928 | -54.9% |
| Furniture and vehicles | 24 | €4,549 | €2,455 | -€2,095 | -46.0% |
| Leasing and similar rights | 25 | - | €22,720 | +€22,720 | |
| Other tangible fixed assets | 26 | €27,908 | €28,479 | +€571 | +2.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €77,614 | €73,694 | -€3,920 | -5.1% |
| Stocks and contracts in progress | 3 | €43,650 | €34,005 | -€9,645 | -22.1% |
| Stocks | 30/36 | €15,000 | €12,000 | -€3,000 | -20.0% |
| Contracts in progress | 37 | €28,650 | €22,005 | -€6,645 | -23.2% |
| Amounts receivable within one year | 40/41 | €15,038 | €11,500 | -€3,538 | -23.5% |
| Trade receivables | 40 | €15,038 | €11,500 | -€3,538 | -23.5% |
| Cash at bank and in hand | 54/58 | €12,396 | €21,848 | +€9,452 | +76.3% |
| Deferred charges and accrued income | 490/1 | €6,530 | €6,342 | -€188 | -2.9% |
| Total equity and liabilities | 10/49 | €116,607 | €130,955 | +€14,348 | +12.3% |
| Equity | 10/15 | €86,685 | €86,704 | +€19 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,897 | €114,037 | -€1,860 | -1.6% |
| Distributable reserves | 133 | €115,897 | €114,037 | -€1,860 | -1.6% |
| Profit (loss) carried forward | 14 | -€47,812 | -€45,933 | +€1,879 | +3.9% |
| Amounts payable | 17/49 | €29,921 | €44,251 | +€14,330 | +47.9% |
| Amounts payable after more than one year | 17 | - | €19,575 | +€19,575 | |
| Financial debts | 170/4 | - | €19,575 | +€19,575 | |
| Amounts payable within one year | 42/48 | €29,921 | €24,676 | -€5,245 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,070 | +€4,070 | |
| Financial debts | 43 | €2,414 | €45 | -€2,369 | -98.1% |
| Credit institutions | 430/8 | €2,414 | €45 | -€2,369 | -98.1% |
| Trade debts | 44 | €19,140 | €9,632 | -€9,508 | -49.7% |
| Suppliers | 440/4 | €19,140 | €9,632 | -€9,508 | -49.7% |
| Taxes, remuneration and social security | 45 | €4,737 | €4,496 | -€241 | -5.1% |
| Taxes | 450/3 | €4,737 | €4,496 | -€241 | -5.1% |
| Other amounts payable | 47/48 | €3,630 | €6,432 | +€2,802 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,325 | €15,520 | +€2,194 | +16.5% |
| Other operating charges | 640/8 | €1,321 | €1,864 | +€544 | +41.2% |
| Gross operating margin | 9900 | €8,874 | €18,988 | +€10,114 | +114.0% |
| Operating profit (loss) | 9901 | -€5,772 | €1,604 | +€7,376 | |
| Financial income | 75/76B | €21 | €30 | +€9 | +41.2% |
| Recurring financial income | 75 | €21 | €30 | +€9 | +41.2% |
| Financial charges | 65/66B | €105 | €1,175 | +€1,070 | +1019.0% |
| Recurring financial charges | 65 | €105 | €1,175 | +€1,070 | +1019.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,856 | €460 | +€6,315 | |
| Income taxes | 67/77 | €272 | €441 | +€169 | +62.1% |
| Profit (loss) for the period | 9904 | -€6,128 | €19 | +€6,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,128 | €19 | +€6,147 |
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 10 October 2026 via checked.be.