MATHINFI: 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.
MATHINFI
Largest movements
- Cash +€16,677
up €16,677 (+134.9%), from €12,366 to €29,043
mainly Net result for the year (+€22,144) and Depreciation (+€8,993)
- Tangible fixed assets -€8,993
down €8,993 (-28.8%), from €31,231 to €22,238
of which Furniture and vehicles: -€8,464
- Receivables within one year +€7,406
up €7,406 (+25.4%), from €29,212 to €36,618
of which Other amounts receivable: +€13,078
- Reserves +€22,144
up €22,144 (+48.5%), from €45,680 to €67,824
of which Distributable reserves: +€22,144
- Debts after one year -€7,519
down €7,519 (-74.9%), from €10,045 to €2,526
- Gross operating margin +€7,392
up €7,392 (+21.3%), from €34,668 to €42,060
- Taxes +€2,195
up €2,195 (+25.5%), from €8,618 to €10,813
- Financial income +€686
up €686 (+131.4%), from €522 to €1,208
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 | €73,985 | €89,171 | +€15,186 | +20.5% |
| Fixed assets | 21/28 | €31,231 | €22,238 | -€8,993 | -28.8% |
| Tangible fixed assets | 22/27 | €31,231 | €22,238 | -€8,993 | -28.8% |
| Plant, machinery and equipment | 23 | €3,293 | €2,915 | -€378 | -11.5% |
| Furniture and vehicles | 24 | €27,787 | €19,323 | -€8,464 | -30.5% |
| Other tangible fixed assets | 26 | €151 | - | -€151 | |
| Current assets | 29/58 | €42,754 | €66,933 | +€24,179 | +56.6% |
| Amounts receivable within one year | 40/41 | €29,212 | €36,618 | +€7,406 | +25.4% |
| Trade receivables | 40 | €15,815 | €10,143 | -€5,672 | -35.9% |
| Other amounts receivable | 41 | €13,397 | €26,475 | +€13,078 | +97.6% |
| Cash at bank and in hand | 54/58 | €12,366 | €29,043 | +€16,677 | +134.9% |
| Deferred charges and accrued income | 490/1 | €1,176 | €1,272 | +€96 | +8.2% |
| Total equity and liabilities | 10/49 | €73,985 | €89,171 | +€15,186 | +20.5% |
| Equity | 10/15 | €47,680 | €69,824 | +€22,144 | +46.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,680 | €67,824 | +€22,144 | +48.5% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €45,480 | €67,624 | +€22,144 | +48.7% |
| Amounts payable | 17/49 | €26,305 | €19,347 | -€6,958 | -26.5% |
| Amounts payable after more than one year | 17 | €10,045 | €2,526 | -€7,519 | -74.9% |
| Financial debts | 170/4 | €10,045 | €2,526 | -€7,519 | -74.9% |
| Amounts payable within one year | 42/48 | €16,260 | €16,821 | +€561 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €7,432 | €7,520 | +€88 | +1.2% |
| Trade debts | 44 | €5,210 | €5,488 | +€278 | +5.3% |
| Suppliers | 440/4 | €5,210 | €5,488 | +€278 | +5.3% |
| Taxes, remuneration and social security | 45 | €3,618 | €3,813 | +€195 | +5.4% |
| Taxes | 450/3 | €3,618 | €3,813 | +€195 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,865 | €8,993 | +€128 | +1.4% |
| Other operating charges | 640/8 | €720 | €736 | +€16 | +2.2% |
| Non-recurring operating charges | 66A | €135 | €317 | +€182 | +134.8% |
| Gross operating margin | 9900 | €34,668 | €42,060 | +€7,392 | +21.3% |
| Operating profit (loss) | 9901 | €24,948 | €32,014 | +€7,066 | +28.3% |
| Financial income | 75/76B | €522 | €1,208 | +€686 | +131.4% |
| Recurring financial income | 75 | €522 | €1,208 | +€686 | +131.4% |
| Financial charges | 65/66B | €358 | €265 | -€93 | -26.0% |
| Recurring financial charges | 65 | €358 | €265 | -€93 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €25,112 | €32,957 | +€7,845 | +31.2% |
| Income taxes | 67/77 | €8,618 | €10,813 | +€2,195 | +25.5% |
| Profit (loss) for the period | 9904 | €16,494 | €22,144 | +€5,650 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,494 | €22,144 | +€5,650 | +34.3% |
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.