MATHIOU SPECTACLES: 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.
MATHIOU SPECTACLES
Largest movements
- Tangible fixed assets +€8,322
up €8,322 (+1018.0%), from €817 to €9,140
of which Plant, machinery and equipment: +€8,794
- Cash +€2,508
up €2,508 (+75.4%), from €3,324 to €5,831
mainly Current portion of long-term debt (+€12,178) and Trade debts (+€6,086)
- Receivables within one year +€1,750
up €1,750 (+6.9%), from €25,479 to €27,228
of which Other amounts receivable: +€1,490
- Current portion of long-term debt +€12,178
new in 2025: €12,178
- Trade debts +€6,086
up €6,086 (+74.0%), from €8,220 to €14,306
- Profit (loss) carried forward -€6,038
down €6,038 (-39.5%), from €15,286 to €9,248
- Gross operating margin -€13,574
down €13,574 (-63.0%), from €21,529 to €7,955
- Write-downs +€10,702
new in 2025: €10,702
- Taxes -€3,882
no longer reported in 2025 (was €3,882)
- Depreciation -€612
down €612 (-28.8%), from €2,125 to €1,513
- Financial charges +€481
up €481 (+207.5%), from €232 to €713
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 | €29,820 | €42,401 | +€12,581 | +42.2% |
| Fixed assets | 21/28 | €817 | €9,140 | +€8,322 | +1018.0% |
| Tangible fixed assets | 22/27 | €817 | €9,140 | +€8,322 | +1018.0% |
| Plant, machinery and equipment | 23 | €345 | €9,140 | +€8,794 | +2547.1% |
| Furniture and vehicles | 24 | €472 | - | -€472 | |
| Current assets | 29/58 | €29,003 | €33,261 | +€4,259 | +14.7% |
| Amounts receivable within one year | 40/41 | €25,479 | €27,228 | +€1,750 | +6.9% |
| Trade receivables | 40 | €12,020 | €12,280 | +€260 | +2.2% |
| Other amounts receivable | 41 | €13,458 | €14,948 | +€1,490 | +11.1% |
| Cash at bank and in hand | 54/58 | €3,324 | €5,831 | +€2,508 | +75.4% |
| Deferred charges and accrued income | 490/1 | €201 | €202 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €29,820 | €42,401 | +€12,581 | +42.2% |
| Equity | 10/15 | €17,286 | €11,248 | -€6,038 | -34.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,286 | €9,248 | -€6,038 | -39.5% |
| Amounts payable | 17/49 | €12,534 | €31,153 | +€18,619 | +148.5% |
| Amounts payable within one year | 42/48 | €12,301 | €30,666 | +€18,364 | +149.3% |
| Current portion of amounts payable after more than one year | 42 | - | €12,178 | +€12,178 | |
| Trade debts | 44 | €8,220 | €14,306 | +€6,086 | +74.0% |
| Suppliers | 440/4 | €8,220 | €14,306 | +€6,086 | +74.0% |
| Taxes, remuneration and social security | 45 | €4,082 | €4,182 | +€100 | +2.4% |
| Taxes | 450/3 | €4,082 | €4,182 | +€100 | +2.4% |
| Accrued charges and deferred income | 492/3 | €233 | €487 | +€254 | +109.1% |
| Remuneration, social security and pensions | 62 | - | €186 | +€186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125 | €1,513 | -€612 | -28.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,702 | +€10,702 | |
| Other operating charges | 640/8 | €399 | €879 | +€480 | +120.1% |
| Gross operating margin | 9900 | €21,529 | €7,955 | -€13,574 | -63.0% |
| Operating profit (loss) | 9901 | €19,004 | -€5,326 | -€24,330 | |
| Financial income | 75/76B | €396 | €1 | -€395 | -99.8% |
| Recurring financial income | 75 | €396 | €1 | -€395 | -99.8% |
| Financial charges | 65/66B | €232 | €713 | +€481 | +207.5% |
| Recurring financial charges | 65 | €232 | €713 | +€481 | +207.5% |
| Profit (loss) for the period before taxes | 9903 | €19,168 | -€6,038 | -€25,206 | |
| Income taxes | 67/77 | €3,882 | - | -€3,882 | |
| Profit (loss) for the period | 9904 | €15,286 | -€6,038 | -€21,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,286 | -€6,038 | -€21,324 |
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 30 September 2026 via checked.be.