MathIT: what changed
MathIT
Largest movements
- Receivables within one year +€105,049
up €105,049 (+262%), from €40,137 to €145,186
of which Trade receivables: +€106,854
- Cash +€34,502
up €34,502 (+228%), from €15,144 to €49,646
mainly Trade debts (+€112,487) and Net result for the year (+€22,202)
- Tangible fixed assets +€8,037
up €8,037 (+79.3%), from €10,134 to €18,171
- Deferred charges and accrued income -€3,054
no longer reported in 2025 (was €3,054)
- Intangible fixed assets -€2,278
down €2,278 (-42.6%), from €5,353 to €3,075
- Trade debts +€112,487
up €112,487 (+473%), from €23,782 to €136,269
- Profit (loss) carried forward +€22,202
up €22,202 (+425%), from €5,222 to €27,423
- Tax, wage and social debts +€17,488
up €17,488 (+79.5%), from €21,984 to €39,473
of which Remuneration and social security: +€12,286
- Accrued charges and deferred income -€12,834
no longer reported in 2025 (was €12,834)
- Other debts +€2,914
new in 2025: €2,914
- Gross operating margin +€61,025
up €61,025 (+108%), from €56,451 to €117,477
- Staff costs +€30,388
up €30,388 (+75.7%), from €40,138 to €70,526
- Taxes +€8,594
up €8,594 (+238%), from €3,606 to €12,200
- Financial charges +€2,888
up €2,888 (+90.3%), from €3,199 to €6,087
of which Financial charges: +€2,740
- Depreciation +€1,500
up €1,500 (+35.5%), from €4,229 to €5,729
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,822 | €216,078 | +€142,257 | +193% |
| Fixed assets | 21/28 | €15,487 | €21,246 | +€5,759 | +37.2% |
| Intangible fixed assets | 21 | €5,353 | €3,075 | -€2,278 | -42.6% |
| Tangible fixed assets | 22/27 | €10,134 | €18,171 | +€8,037 | +79.3% |
| Plant, machinery and equipment | 23 | €1,861 | €5,017 | +€3,156 | +170% |
| Furniture and vehicles | 24 | €3,811 | €6,471 | +€2,661 | +69.8% |
| Other tangible fixed assets | 26 | €4,463 | €6,682 | +€2,220 | +49.7% |
| Current assets | 29/58 | €58,335 | €194,832 | +€136,498 | +234% |
| Amounts receivable within one year | 40/41 | €40,137 | €145,186 | +€105,049 | +262% |
| Trade receivables | 40 | €38,333 | €145,186 | +€106,854 | +279% |
| Other amounts receivable | 41 | €1,804 | - | -€1,804 | |
| Cash at bank and in hand | 54/58 | €15,144 | €49,646 | +€34,502 | +228% |
| Deferred charges and accrued income | 490/1 | €3,054 | - | -€3,054 | |
| Total equity and liabilities | 10/49 | €73,822 | €216,078 | +€142,257 | +193% |
| Equity | 10/15 | €15,222 | €37,423 | +€22,202 | +146% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,222 | €27,423 | +€22,202 | +425% |
| Amounts payable | 17/49 | €58,600 | €178,655 | +€120,055 | +205% |
| Amounts payable within one year | 42/48 | €45,766 | €178,655 | +€132,889 | +290% |
| Trade debts | 44 | €23,782 | €136,269 | +€112,487 | +473% |
| Suppliers | 440/4 | €23,782 | €136,269 | +€112,487 | +473% |
| Taxes, remuneration and social security | 45 | €21,984 | €39,473 | +€17,488 | +79.5% |
| Taxes | 450/3 | €15,702 | €20,905 | +€5,203 | +33.1% |
| Remuneration and social security | 454/9 | €6,282 | €18,568 | +€12,286 | +196% |
| Other amounts payable | 47/48 | - | €2,914 | +€2,914 | |
| Accrued charges and deferred income | 492/3 | €12,834 | - | -€12,834 | |
| Remuneration, social security and pensions | 62 | €40,138 | €70,526 | +€30,388 | +75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,229 | €5,729 | +€1,500 | +35.5% |
| Other operating charges | 640/8 | €1,298 | €758 | -€540 | -41.6% |
| Gross operating margin | 9900 | €56,451 | €117,477 | +€61,025 | +108% |
| Operating profit (loss) | 9901 | €10,786 | €40,464 | +€29,677 | +275% |
| Financial income | 75/76B | €100 | €25 | -€75 | -75.1% |
| Recurring financial income | 75 | €100 | €25 | -€75 | -75.1% |
| Non-recurring financial income | 76B | - | €25 | +€25 | |
| Financial charges | 65/66B | €3,199 | €6,087 | +€2,888 | +90.3% |
| Recurring financial charges | 65 | €3,199 | €5,939 | +€2,740 | +85.6% |
| Non-recurring financial charges | 66B | - | €147 | +€147 | |
| Profit (loss) for the period before taxes | 9903 | €7,687 | €34,402 | +€26,715 | +348% |
| Income taxes | 67/77 | €3,606 | €12,200 | +€8,594 | +238% |
| Profit (loss) for the period | 9904 | €4,081 | €22,202 | +€18,120 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €4,081 | €22,202 | +€18,120 | +444% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.