MATHOT Maxime SRL: 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 Maxime SRL
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+211%), from €481,455 to €1.5m
of which Land and buildings: +€902,220
- Receivables within one year +€134,637
up €134,637 (+547%), from €24,636 to €159,272
of which Trade receivables: +€127,952
- Debts after one year +€927,880
up €927,880 (+243%), from €381,214 to €1.3m
- Other debts +€138,457
up €138,457 (+577%), from €23,981 to €162,439
- Trade debts +€82,088
up €82,088 (+191%), from €42,951 to €125,039
- Gross operating margin +€71,132
up €71,132 (+66.5%), from €106,902 to €178,033
- Depreciation +€35,597
up €35,597 (+74.9%), from €47,513 to €83,111
- Financial charges +€18,526
up €18,526 (+132%), from €14,025 to €32,551
- Other operating charges +€2,532
up €2,532 (+109%), from €2,313 to €4,845
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.
Derived cash bridge
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 | €549,346 | €1,705,417 | +€1.2m | +210% |
| Formation expenses | 20 | €103 | - | -€103 | |
| Fixed assets | 21/28 | €491,110 | €1,504,529 | +€1.0m | +206% |
| Intangible fixed assets | 21 | €9,655 | €5,655 | -€4,000 | -41.4% |
| Tangible fixed assets | 22/27 | €481,455 | €1,498,875 | +€1.0m | +211% |
| Land and buildings | 22 | €348,017 | €1,250,237 | +€902,220 | +259% |
| Plant, machinery and equipment | 23 | €123,518 | €214,822 | +€91,303 | +73.9% |
| Furniture and vehicles | 24 | €9,920 | €33,816 | +€23,896 | +241% |
| Current assets | 29/58 | €58,133 | €200,888 | +€142,755 | +246% |
| Stocks and contracts in progress | 3 | €16,945 | €13,685 | -€3,261 | -19.2% |
| Stocks | 30/36 | €16,945 | €13,685 | -€3,261 | -19.2% |
| Amounts receivable within one year | 40/41 | €24,636 | €159,272 | +€134,637 | +547% |
| Trade receivables | 40 | €17,267 | €145,219 | +€127,952 | +741% |
| Other amounts receivable | 41 | €7,368 | €14,053 | +€6,685 | +90.7% |
| Cash at bank and in hand | 54/58 | €14,869 | €20,412 | +€5,543 | +37.3% |
| Deferred charges and accrued income | 490/1 | €1,683 | €7,519 | +€5,836 | +347% |
| Total equity and liabilities | 10/49 | €549,346 | €1,705,417 | +€1.2m | +210% |
| Equity | 10/15 | €57,480 | €64,529 | +€7,050 | +12.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €6,300 | +€6,300 | |
| Distributable reserves | 133 | - | €6,300 | +€6,300 | |
| Profit (loss) carried forward | 14 | €54,480 | €55,229 | +€750 | +1.4% |
| Amounts payable | 17/49 | €491,866 | €1,640,888 | +€1.1m | +234% |
| Amounts payable after more than one year | 17 | €381,214 | €1,309,094 | +€927,880 | +243% |
| Financial debts | 170/4 | €381,214 | €1,309,094 | +€927,880 | +243% |
| Amounts payable within one year | 42/48 | €110,653 | €331,794 | +€221,141 | +200% |
| Current portion of amounts payable after more than one year | 42 | €28,289 | €41,424 | +€13,135 | +46.4% |
| Trade debts | 44 | €42,951 | €125,039 | +€82,088 | +191% |
| Suppliers | 440/4 | €42,951 | €125,039 | +€82,088 | +191% |
| Taxes, remuneration and social security | 45 | €15,431 | €2,892 | -€12,539 | -81.3% |
| Taxes | 450/3 | €14,024 | €2,334 | -€11,690 | -83.4% |
| Remuneration and social security | 454/9 | €1,407 | €558 | -€849 | -60.4% |
| Other amounts payable | 47/48 | €23,981 | €162,439 | +€138,457 | +577% |
| Non-recurring operating income | 76A | - | €7,608 | +€7,608 | |
| Remuneration, social security and pensions | 62 | €49,889 | €50,342 | +€453 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,513 | €83,111 | +€35,597 | +74.9% |
| Other operating charges | 640/8 | €2,313 | €4,845 | +€2,532 | +109% |
| Non-recurring operating charges | 66A | - | €255 | +€255 | |
| Gross operating margin | 9900 | €106,902 | €178,033 | +€71,132 | +66.5% |
| Operating profit (loss) | 9901 | €7,186 | €39,481 | +€32,295 | +449% |
| Financial income | 75/76B | €123 | €10 | -€113 | -91.9% |
| Recurring financial income | 75 | €123 | €10 | -€113 | -91.9% |
| Financial charges | 65/66B | €14,025 | €32,551 | +€18,526 | +132% |
| Recurring financial charges | 65 | €14,025 | €32,551 | +€18,526 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€6,716 | €6,940 | +€13,655 | |
| Income taxes | 67/77 | - | -€110 | -€110 | |
| Profit (loss) for the period | 9904 | -€6,716 | €7,050 | +€13,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,716 | €7,050 | +€13,765 |
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 13 October 2026 via checked.be.