MATHILOU: 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.
MATHILOU
Largest movements
- Deferred charges and accrued income +€9,656
up €9,656 (+48.7%), from €19,847 to €29,503
- Tangible fixed assets +€6,547
up €6,547 (+29.2%), from €22,403 to €28,950
of which Land and buildings: +€5,476
- Profit (loss) carried forward +€17,016
up €17,016 (+47.0%), from €36,235 to €53,250
- Tax, wage and social debts -€9,770
down €9,770 (-78.7%), from €12,418 to €2,648
of which Taxes: -€12,418
- Trade debts +€6,971
up €6,971 (+13.0%), from €53,582 to €60,554
- Gross operating margin -€11,812
down €11,812 (-21.5%), from €54,926 to €43,114
- Financial charges +€5,395
up €5,395 (+147.2%), from €3,664 to €9,059
- Depreciation +€2,778
up €2,778 (+135.3%), from €2,054 to €4,832
- Taxes -€592
down €592 (-5.7%), from €10,451 to €9,858
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 | €108,092 | €122,307 | +€14,215 | +13.2% |
| Fixed assets | 21/28 | €22,403 | €28,950 | +€6,547 | +29.2% |
| Tangible fixed assets | 22/27 | €22,403 | €28,950 | +€6,547 | +29.2% |
| Land and buildings | 22 | €7,826 | €13,302 | +€5,476 | +70.0% |
| Plant, machinery and equipment | 23 | €3,078 | €5,966 | +€2,888 | +93.9% |
| Furniture and vehicles | 24 | €11,499 | €9,682 | -€1,817 | -15.8% |
| Current assets | 29/58 | €85,689 | €93,357 | +€7,668 | +8.9% |
| Stocks and contracts in progress | 3 | €62,720 | €61,584 | -€1,136 | -1.8% |
| Stocks | 30/36 | €62,720 | €61,584 | -€1,136 | -1.8% |
| Amounts receivable within one year | 40/41 | €2,210 | €1,241 | -€969 | -43.9% |
| Trade receivables | 40 | €2,198 | €454 | -€1,743 | -79.3% |
| Other amounts receivable | 41 | €13 | €787 | +€774 | +6143.1% |
| Cash at bank and in hand | 54/58 | €911 | €1,029 | +€117 | +12.9% |
| Deferred charges and accrued income | 490/1 | €19,847 | €29,503 | +€9,656 | +48.7% |
| Total equity and liabilities | 10/49 | €108,092 | €122,307 | +€14,215 | +13.2% |
| Equity | 10/15 | €37,235 | €54,250 | +€17,016 | +45.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,235 | €53,250 | +€17,016 | +47.0% |
| Amounts payable | 17/49 | €70,857 | €68,057 | -€2,800 | -4.0% |
| Amounts payable within one year | 42/48 | €70,857 | €68,057 | -€2,800 | -4.0% |
| Trade debts | 44 | €53,582 | €60,554 | +€6,971 | +13.0% |
| Suppliers | 440/4 | €53,582 | €60,554 | +€6,971 | +13.0% |
| Taxes, remuneration and social security | 45 | €12,418 | €2,648 | -€9,770 | -78.7% |
| Taxes | 450/3 | €12,418 | €0 | -€12,418 | -100.0% |
| Remuneration and social security | 454/9 | - | €2,648 | +€2,648 | |
| Other amounts payable | 47/48 | €4,857 | €4,855 | -€2 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,054 | €4,832 | +€2,778 | +135.3% |
| Other operating charges | 640/8 | €2,612 | €2,557 | -€55 | -2.1% |
| Gross operating margin | 9900 | €54,926 | €43,114 | -€11,812 | -21.5% |
| Operating profit (loss) | 9901 | €50,261 | €35,725 | -€14,535 | -28.9% |
| Financial income | 75/76B | €89 | €208 | +€119 | +133.6% |
| Recurring financial income | 75 | €89 | €208 | +€119 | +133.6% |
| Financial charges | 65/66B | €3,664 | €9,059 | +€5,395 | +147.2% |
| Recurring financial charges | 65 | €3,664 | €9,059 | +€5,395 | +147.2% |
| Profit (loss) for the period before taxes | 9903 | €46,685 | €26,874 | -€19,811 | -42.4% |
| Income taxes | 67/77 | €10,451 | €9,858 | -€592 | -5.7% |
| Profit (loss) for the period | 9904 | €36,235 | €17,016 | -€19,219 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,235 | €17,016 | -€19,219 | -53.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.