MATHO TECH: 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.
MATHO TECH
Largest movements
- Cash +€24,492
up €24,492 (+55.4%), from €44,197 to €68,689
mainly Other debts (+€55,986) and Trade debts (+€3,182)
- Receivables within one year +€2,084
new in 2025: €2,084
of which Other amounts receivable: +€1,287
- Deferred charges and accrued income +€1,211
up €1,211 (+1884.8%), from €64 to €1,275
- Other debts +€55,986
up €55,986 (+2923.0%), from €1,915 to €57,901
- Profit (loss) carried forward -€26,651
new in 2025: -€26,651
- Tax, wage and social debts -€4,896
down €4,896 (-52.9%), from €9,252 to €4,356
- Trade debts +€3,182
up €3,182 (+2179.1%), from €146 to €3,328
- Financial charges +€20,505
up €20,505 (+55.2%), from €37,137 to €57,643
- Gross operating margin -€11,330
down €11,330 (-26.1%), from €43,429 to €32,099
- Taxes -€1,919
down €1,919 (-90.0%), from €2,132 to €213
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 | €44,428 | €72,049 | +€27,621 | +62.2% |
| Fixed assets | 21/28 | €166 | €0 | -€166 | -100.0% |
| Tangible fixed assets | 22/27 | €166 | €0 | -€166 | -100.0% |
| Furniture and vehicles | 24 | €166 | €0 | -€166 | -100.0% |
| Current assets | 29/58 | €44,262 | €72,049 | +€27,787 | +62.8% |
| Amounts receivable within one year | 40/41 | - | €2,084 | +€2,084 | |
| Trade receivables | 40 | - | €798 | +€798 | |
| Other amounts receivable | 41 | - | €1,287 | +€1,287 | |
| Cash at bank and in hand | 54/58 | €44,197 | €68,689 | +€24,492 | +55.4% |
| Deferred charges and accrued income | 490/1 | €64 | €1,275 | +€1,211 | +1884.8% |
| Total equity and liabilities | 10/49 | €44,428 | €72,049 | +€27,621 | +62.2% |
| Equity | 10/15 | €33,114 | €6,463 | -€26,651 | -80.5% |
| Contributions | 10/11 | €1,300 | €1,300 | = | 0.0% |
| Reserves | 13 | €31,814 | €31,814 | = | 0.0% |
| Distributable reserves | 133 | €31,814 | €31,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€26,651 | -€26,651 | |
| Amounts payable | 17/49 | €11,313 | €65,586 | +€54,272 | +479.7% |
| Amounts payable within one year | 42/48 | €11,313 | €65,586 | +€54,272 | +479.7% |
| Trade debts | 44 | €146 | €3,328 | +€3,182 | +2179.1% |
| Suppliers | 440/4 | €146 | €3,328 | +€3,182 | +2179.1% |
| Taxes, remuneration and social security | 45 | €9,252 | €4,356 | -€4,896 | -52.9% |
| Taxes | 450/3 | €9,252 | €4,356 | -€4,896 | -52.9% |
| Other amounts payable | 47/48 | €1,915 | €57,901 | +€55,986 | +2923.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €166 | -€176 | -51.4% |
| Other operating charges | 640/8 | €621 | €729 | +€107 | +17.3% |
| Gross operating margin | 9900 | €43,429 | €32,099 | -€11,330 | -26.1% |
| Operating profit (loss) | 9901 | €42,467 | €31,204 | -€11,262 | -26.5% |
| Financial charges | 65/66B | €37,137 | €57,643 | +€20,505 | +55.2% |
| Recurring financial charges | 65 | €37,137 | €57,643 | +€20,505 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €5,329 | -€26,438 | -€31,767 | |
| Income taxes | 67/77 | €2,132 | €213 | -€1,919 | -90.0% |
| Profit (loss) for the period | 9904 | €3,197 | -€26,651 | -€29,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,197 | -€26,651 | -€29,848 |
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 8 October 2026 via checked.be.