Mathoxi: 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.
Mathoxi
Largest movements
- Stocks and contracts +€51,146
up €51,146 (+27.5%), from €186,132 to €237,278
- Cash -€46,713
down €46,713 (-99.6%), from €46,894 to €181
mainly Stocks and contracts (-€51,146) and Net result for the year (-€9,211)
- Profit (loss) carried forward -€9,211
down €9,211 (-9.1%), from -€101,647 to -€110,858
- Accrued charges and deferred income +€6,674
up €6,674 (+74.6%), from €8,940 to €15,613
- Other debts +€5,000
up €5,000 (+5.5%), from €91,186 to €96,186
- Debts after one year +€2,500
up €2,500 (+1.1%), from €231,500 to €234,000
- Gross operating margin +€45,294
up €45,294 (+97.4%), from -€46,523 to -€1,230
- Financial charges -€18,252
down €18,252 (-71.0%), from €25,714 to €7,462
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 | €233,026 | €237,459 | +€4,433 | +1.9% |
| Current assets | 29/58 | €233,026 | €237,459 | +€4,433 | +1.9% |
| Stocks and contracts in progress | 3 | €186,132 | €237,278 | +€51,146 | +27.5% |
| Stocks | 30/36 | €186,132 | €237,278 | +€51,146 | +27.5% |
| Cash at bank and in hand | 54/58 | €46,894 | €181 | -€46,713 | -99.6% |
| Total equity and liabilities | 10/49 | €233,026 | €237,459 | +€4,433 | +1.9% |
| Equity | 10/15 | -€99,147 | -€108,358 | -€9,211 | -9.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,647 | -€110,858 | -€9,211 | -9.1% |
| Amounts payable | 17/49 | €332,173 | €345,817 | +€13,644 | +4.1% |
| Amounts payable after more than one year | 17 | €231,500 | €234,000 | +€2,500 | +1.1% |
| Financial debts | 170/4 | €231,500 | €234,000 | +€2,500 | +1.1% |
| Amounts payable within one year | 42/48 | €91,734 | €96,204 | +€4,470 | +4.9% |
| Trade debts | 44 | €548 | €18 | -€530 | -96.7% |
| Suppliers | 440/4 | €548 | €18 | -€530 | -96.7% |
| Other amounts payable | 47/48 | €91,186 | €96,186 | +€5,000 | +5.5% |
| Accrued charges and deferred income | 492/3 | €8,940 | €15,613 | +€6,674 | +74.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€46,523 | -€1,230 | +€45,294 | +97.4% |
| Operating profit (loss) | 9901 | -€47,029 | -€1,749 | +€45,279 | +96.3% |
| Financial charges | 65/66B | €25,714 | €7,462 | -€18,252 | -71.0% |
| Recurring financial charges | 65 | €25,714 | €7,462 | -€18,252 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€72,742 | -€9,211 | +€63,531 | +87.3% |
| Profit (loss) for the period | 9904 | -€72,742 | -€9,211 | +€63,531 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,742 | -€9,211 | +€63,531 | +87.3% |
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 15 October 2026 via checked.be.