Mathot Architecture: 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.
Mathot Architecture
Largest movements
- Cash +€45,184
up €45,184 (+364.6%), from €12,392 to €57,576
mainly Net result for the year (+€48,000) and Debts after one year (+€33,551)
- Tangible fixed assets +€44,537
up €44,537 (+24.5%), from €181,671 to €226,208
of which Furniture and vehicles: +€45,777
- Formation expenses -€5,909
no longer reported in 2024 (was €5,909)
- Intangible fixed assets +€5,031
new in 2024: €5,031
- Reserves +€48,000
up €48,000 (+177.8%), from €27,000 to €75,000
- Debts after one year +€33,551
up €33,551 (+21.7%), from €154,353 to €187,904
- Short-term financial debts +€4,111
new in 2024: €4,111
- Tax, wage and social debts +€4,046
up €4,046 (+101.2%), from €4,000 to €8,046
of which Taxes: +€2,546
- Gross operating margin +€45,987
up €45,987 (+106.5%), from €43,172 to €89,158
- Depreciation +€12,000
up €12,000 (+888.8%), from €1,350 to €13,350
- Taxes +€6,190
up €6,190 (+51.6%), from €12,000 to €18,190
- Financial charges +€5,350
up €5,350 (+220.3%), from €2,429 to €7,778
- Other operating charges +€1,840
new in 2024: €1,840
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,491 | €293,032 | +€89,542 | +44.0% |
| Formation expenses | 20 | €5,909 | - | -€5,909 | |
| Fixed assets | 21/28 | €181,671 | €231,239 | +€49,568 | +27.3% |
| Intangible fixed assets | 21 | - | €5,031 | +€5,031 | |
| Tangible fixed assets | 22/27 | €181,671 | €226,208 | +€44,537 | +24.5% |
| Land and buildings | 22 | €181,671 | €180,431 | -€1,240 | -0.7% |
| Furniture and vehicles | 24 | - | €45,777 | +€45,777 | |
| Current assets | 29/58 | €15,911 | €61,794 | +€45,882 | +288.4% |
| Amounts receivable within one year | 40/41 | €3,519 | €3,841 | +€322 | +9.1% |
| Trade receivables | 40 | €2,779 | €3,841 | +€1,062 | +38.2% |
| Other amounts receivable | 41 | €740 | - | -€740 | |
| Cash at bank and in hand | 54/58 | €12,392 | €57,576 | +€45,184 | +364.6% |
| Deferred charges and accrued income | 490/1 | - | €377 | +€377 | |
| Total equity and liabilities | 10/49 | €203,491 | €293,032 | +€89,542 | +44.0% |
| Equity | 10/15 | €32,393 | €80,393 | +€48,000 | +148.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €75,000 | +€48,000 | +177.8% |
| Distributable reserves | 133 | €27,000 | €75,000 | +€48,000 | +177.8% |
| Profit (loss) carried forward | 14 | €393 | €393 | = | 0.0% |
| Amounts payable | 17/49 | €171,098 | €212,640 | +€41,542 | +24.3% |
| Amounts payable after more than one year | 17 | €154,353 | €187,904 | +€33,551 | +21.7% |
| Financial debts | 170/4 | €154,353 | €187,904 | +€33,551 | +21.7% |
| Amounts payable within one year | 42/48 | €16,745 | €24,735 | +€7,990 | +47.7% |
| Financial debts | 43 | - | €4,111 | +€4,111 | |
| Other loans | 439 | - | €4,111 | +€4,111 | |
| Trade debts | 44 | €12,745 | €12,578 | -€167 | -1.3% |
| Suppliers | 440/4 | €12,745 | €12,578 | -€167 | -1.3% |
| Taxes, remuneration and social security | 45 | €4,000 | €8,046 | +€4,046 | +101.2% |
| Taxes | 450/3 | €4,000 | €6,546 | +€2,546 | +63.7% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,350 | €13,350 | +€12,000 | +888.8% |
| Other operating charges | 640/8 | - | €1,840 | +€1,840 | |
| Gross operating margin | 9900 | €43,172 | €89,158 | +€45,987 | +106.5% |
| Operating profit (loss) | 9901 | €41,821 | €73,968 | +€32,147 | +76.9% |
| Financial charges | 65/66B | €2,429 | €7,778 | +€5,350 | +220.3% |
| Recurring financial charges | 65 | €2,429 | €7,778 | +€5,350 | +220.3% |
| Profit (loss) for the period before taxes | 9903 | €39,393 | €66,190 | +€26,797 | +68.0% |
| Income taxes | 67/77 | €12,000 | €18,190 | +€6,190 | +51.6% |
| Profit (loss) for the period | 9904 | €27,393 | €48,000 | +€20,607 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,393 | €48,000 | +€20,607 | +75.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.