MATHILO: 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.
MATHILO
Largest movements
- Current investments +€401,375
up €401,375 (+201%), from €200,000 to €601,375
- Cash -€103,179
down €103,179 (-47.5%), from €217,312 to €114,133
mainly Current investments (-€401,375) and Contributions, distributions and other (-€262,776)
- Tangible fixed assets -€22,009
down €22,009 (-10.5%), from €209,219 to €187,210
of which Furniture and vehicles: -€13,441
- Other debts +€264,551
up €264,551 (+3,874%), from €6,828 to €271,380
- Tax, wage and social debts +€28,999
up €28,999 (+86.6%), from €33,472 to €62,470
- Debts after one year -€11,839
down €11,839 (-10.9%), from €108,882 to €97,043
- Gross operating margin +€252,942
up €252,942 (+226%), from €111,720 to €364,662
- Taxes +€63,724
up €63,724 (+328%), from €19,400 to €83,124
- Financial income +€3,750
up €3,750 (+78.9%), from €4,750 to €8,499
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 | €652,414 | €937,219 | +€284,805 | +43.7% |
| Fixed assets | 21/28 | €209,219 | €188,211 | -€21,008 | -10.0% |
| Tangible fixed assets | 22/27 | €209,219 | €187,210 | -€22,009 | -10.5% |
| Land and buildings | 22 | €186,882 | €178,770 | -€8,112 | -4.3% |
| Plant, machinery and equipment | 23 | €912 | €455 | -€457 | -50.1% |
| Furniture and vehicles | 24 | €21,425 | €7,984 | -€13,441 | -62.7% |
| Financial fixed assets | 28 | - | €1,001 | +€1,001 | |
| Current assets | 29/58 | €443,195 | €749,008 | +€305,813 | +69.0% |
| Amounts receivable within one year | 40/41 | €21,283 | €28,605 | +€7,322 | +34.4% |
| Trade receivables | 40 | €21,175 | €21,175 | = | 0.0% |
| Other amounts receivable | 41 | €108 | €7,430 | +€7,322 | +6,805% |
| Current investments | 50/53 | €200,000 | €601,375 | +€401,375 | +201% |
| Cash at bank and in hand | 54/58 | €217,312 | €114,133 | -€103,179 | -47.5% |
| Deferred charges and accrued income | 490/1 | €4,600 | €4,895 | +€296 | +6.4% |
| Total equity and liabilities | 10/49 | €652,414 | €937,219 | +€284,805 | +43.7% |
| Equity | 10/15 | €488,067 | €488,067 | = | 0.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €230,356 | €230,356 | = | 0.0% |
| Distributable reserves | 133 | €230,356 | €230,356 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,712 | €227,712 | = | 0.0% |
| Amounts payable | 17/49 | €164,347 | €449,152 | +€284,805 | +173% |
| Amounts payable after more than one year | 17 | €108,882 | €97,043 | -€11,839 | -10.9% |
| Financial debts | 170/4 | €108,882 | €97,043 | -€11,839 | -10.9% |
| Amounts payable within one year | 42/48 | €55,080 | €350,669 | +€295,589 | +537% |
| Current portion of amounts payable after more than one year | 42 | €11,629 | €11,839 | +€211 | +1.8% |
| Trade debts | 44 | €3,151 | €4,980 | +€1,829 | +58.0% |
| Suppliers | 440/4 | €3,151 | €4,980 | +€1,829 | +58.0% |
| Taxes, remuneration and social security | 45 | €33,472 | €62,470 | +€28,999 | +86.6% |
| Taxes | 450/3 | €33,472 | €62,470 | +€28,999 | +86.6% |
| Other amounts payable | 47/48 | €6,828 | €271,380 | +€264,551 | +3,874% |
| Accrued charges and deferred income | 492/3 | €384 | €1,440 | +€1,055 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,051 | €23,052 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,085 | €1,466 | -€620 | -29.7% |
| Gross operating margin | 9900 | €111,720 | €364,662 | +€252,942 | +226% |
| Operating profit (loss) | 9901 | €86,584 | €340,144 | +€253,560 | +293% |
| Financial income | 75/76B | €4,750 | €8,499 | +€3,750 | +78.9% |
| Recurring financial income | 75 | €4,750 | €8,499 | +€3,750 | +78.9% |
| Financial charges | 65/66B | €3,126 | €2,743 | -€383 | -12.2% |
| Recurring financial charges | 65 | €3,126 | €2,743 | -€383 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €88,207 | €345,900 | +€257,692 | +292% |
| Income taxes | 67/77 | €19,400 | €83,124 | +€63,724 | +328% |
| Profit (loss) for the period | 9904 | €68,807 | €262,776 | +€193,969 | +282% |
| Profit (loss) for the period to be appropriated | 9905 | €68,807 | €262,776 | +€193,969 | +282% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.