Mathom: what changed
Two financial 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.
Mathom
Largest movements
- Financial fixed assets +€74,507
up €74,507 (+44.6%), from €167,012 to €241,519
- Tangible fixed assets -€5,390
down €5,390 (-13.0%), from €41,425 to €36,035
of which Plant, machinery and equipment: -€4,034
- Cash +€4,287
up €4,287 (+39.6%), from €10,814 to €15,101
mainly Debts after one year (+€69,817) and Depreciation (+€6,439)
- Debts after one year +€69,817
up €69,817 (+48.1%), from €145,000 to €214,817
- Profit (loss) carried forward +€3,651
up €3,651 (+5.2%), from -€69,813 to -€66,162
- Turnover +€7,059
up €7,059 (+451.6%), from €1,563 to €8,622
- Purchases and services +€4,932
up €4,932 (+126.2%), from €3,909 to €8,841
- Financial income +€3,550
up €3,550 (+41.1%), from €8,634 to €12,184
of which Financial income: +€3,550
- Gross operating margin +€2,127
up €2,127 (+90.7%), from -€2,346 to -€219
- Taxes -€1,091
down €1,091 (-45.5%), from €2,396 to €1,305
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 | €219,251 | €292,655 | +€73,404 | +33.5% |
| Fixed assets | 21/28 | €208,437 | €277,554 | +€69,117 | +33.2% |
| Tangible fixed assets | 22/27 | €41,425 | €36,035 | -€5,390 | -13.0% |
| Land and buildings | 22 | €8,086 | €8,086 | = | 0.0% |
| Plant, machinery and equipment | 23 | €25,876 | €21,842 | -€4,034 | -15.6% |
| Furniture and vehicles | 24 | €7,463 | €6,107 | -€1,356 | -18.2% |
| Financial fixed assets | 28 | €167,012 | €241,519 | +€74,507 | +44.6% |
| Current assets | 29/58 | €10,814 | €15,101 | +€4,287 | +39.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,814 | €15,101 | +€4,287 | +39.6% |
| Total equity and liabilities | 10/49 | €219,251 | €292,655 | +€73,404 | +33.5% |
| Equity | 10/15 | €74,187 | €77,838 | +€3,651 | +4.9% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Capital | 10 | €144,000 | €144,000 | = | 0.0% |
| Issued capital | 100 | €144,000 | €144,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,813 | -€66,162 | +€3,651 | +5.2% |
| Amounts payable | 17/49 | €145,064 | €214,817 | +€69,753 | +48.1% |
| Amounts payable after more than one year | 17 | €145,000 | €214,817 | +€69,817 | +48.1% |
| Other amounts payable | 178/9 | €145,000 | €214,817 | +€69,817 | +48.1% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Turnover | 70 | €1,563 | €8,622 | +€7,059 | +451.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,909 | €8,841 | +€4,932 | +126.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,260 | €6,439 | -€821 | -11.3% |
| Other operating charges | 640/8 | €482 | €497 | +€15 | +3.1% |
| Gross operating margin | 9900 | -€2,346 | -€219 | +€2,127 | +90.7% |
| Operating profit (loss) | 9901 | -€10,088 | -€7,155 | +€2,933 | +29.1% |
| Financial income | 75/76B | €8,634 | €12,184 | +€3,550 | +41.1% |
| Recurring financial income | 75 | €8,634 | €12,184 | +€3,550 | +41.1% |
| Non-recurring financial income | 76B | €8,634 | €12,184 | +€3,550 | +41.1% |
| Financial charges | 65/66B | - | €73 | +€73 | |
| Recurring financial charges | 65 | - | €73 | +€73 | |
| Non-recurring financial charges | 66B | - | €73 | +€73 | |
| Profit (loss) for the period before taxes | 9903 | -€1,454 | €4,956 | +€6,410 | |
| Income taxes | 67/77 | €2,396 | €1,305 | -€1,091 | -45.5% |
| Profit (loss) for the period | 9904 | -€3,850 | €3,651 | +€7,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,850 | €3,651 | +€7,501 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.