MATHY-BRONCKART: 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.
MATHY-BRONCKART
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€16,713
new in 2025: €16,713
- Gross operating margin +€1,054
up €1,054 (+5.0%), from €21,097 to €22,151
- Taxes +€260
up €260 (+5.7%), from €4,588 to €4,849
- Other operating charges +€258
up €258 (+3.2%), from €8,164 to €8,422
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 | €912,165 | €918,475 | +€6,310 | +0.7% |
| Fixed assets | 21/28 | €752,135 | €752,135 | = | 0.0% |
| Tangible fixed assets | 22/27 | €752,135 | €752,135 | = | 0.0% |
| Land and buildings | 22 | €752,135 | €752,135 | = | 0.0% |
| Current assets | 29/58 | €160,030 | €166,340 | +€6,310 | +3.9% |
| Amounts receivable within one year | 40/41 | €27,164 | €28,672 | +€1,507 | +5.5% |
| Other amounts receivable | 41 | €27,164 | €28,672 | +€1,507 | +5.5% |
| Cash at bank and in hand | 54/58 | €132,865 | €135,412 | +€2,547 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €2,256 | +€2,256 | |
| Total equity and liabilities | 10/49 | €912,165 | €918,475 | +€6,310 | +0.7% |
| Equity | 10/15 | €907,966 | €901,646 | -€6,320 | -0.7% |
| Contributions | 10/11 | €788,060 | €788,060 | = | 0.0% |
| Capital | 10 | €788,060 | €788,060 | = | 0.0% |
| Issued capital | 100 | €788,060 | €788,060 | = | 0.0% |
| Reserves | 13 | €119,535 | €113,216 | -€6,320 | -5.3% |
| Non-distributable reserves | 130/1 | €78,806 | €78,806 | = | 0.0% |
| Legal reserve | 130 | €78,806 | €78,806 | = | 0.0% |
| Distributable reserves | 133 | €40,729 | €34,410 | -€6,320 | -15.5% |
| Profit (loss) carried forward | 14 | €371 | €371 | = | 0.0% |
| Amounts payable | 17/49 | €4,198 | €16,828 | +€12,630 | +301% |
| Amounts payable within one year | 42/48 | €4,198 | €16,828 | +€12,630 | +301% |
| Trade debts | 44 | €97 | €115 | +€19 | +19.3% |
| Suppliers | 440/4 | €97 | €115 | +€19 | +19.3% |
| Taxes, remuneration and social security | 45 | €4,102 | - | -€4,102 | |
| Taxes | 450/3 | €4,102 | - | -€4,102 | |
| Other amounts payable | 47/48 | - | €16,713 | +€16,713 | |
| Other operating charges | 640/8 | €8,164 | €8,422 | +€258 | +3.2% |
| Gross operating margin | 9900 | €21,097 | €22,151 | +€1,054 | +5.0% |
| Operating profit (loss) | 9901 | €12,933 | €13,729 | +€796 | +6.2% |
| Financial income | 75/76B | €1,532 | €1,570 | +€38 | +2.5% |
| Recurring financial income | 75 | €1,532 | €1,570 | +€38 | +2.5% |
| Financial charges | 65/66B | €49 | €58 | +€9 | +18.6% |
| Recurring financial charges | 65 | €49 | €58 | +€9 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €14,417 | €15,242 | +€825 | +5.7% |
| Income taxes | 67/77 | €4,588 | €4,849 | +€260 | +5.7% |
| Profit (loss) for the period | 9904 | €9,829 | €10,393 | +€564 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,829 | €10,393 | +€564 | +5.7% |
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 31 October 2026 via checked.be.