MATHY-BY-BOLS: what changed
What changed
MATHY-BY-BOLS
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
filed annual accounts (NBB)
Net result for the year
-€122,928
2024 · -€289,022+€166,093
Equity
€721,518
2024 · €857,657-€136,138
Cash
€1,282
2024 · €43,912-€42,629
Balance sheet total
€1.3m
2024 · €1.4m-€143,964
Largest movements
Assets
- Tangible fixed assets -€97,511
down €97,511 (-14.1%), from €693,785 to €596,274
of which Plant, machinery and equipment: -€61,108
- Cash -€42,629
down €42,629 (-97.1%), from €43,912 to €1,282
mainly Net result for the year (-€122,928) and Debts after one year (-€49,455)
- Deferred charges and accrued income +€29,562
up €29,562 (+315%), from €9,373 to €38,935
- Stocks and contracts -€27,299
down €27,299 (-5.7%), from €475,515 to €448,217
Equity and liabilities
- Reserves -€64,385
down €64,385 (-13.2%), from €488,416 to €424,031
of which Tax-exempt reserves: -€64,385
- Profit (loss) carried forward -€58,543
down €58,543 (-81.4%), from €71,937 to €13,394
- Debts after one year -€49,455
down €49,455 (-39.2%), from €126,280 to €76,825
- Trade debts +€44,335
up €44,335 (+99.7%), from €44,479 to €88,814
- Tax, wage and social debts -€39,902
down €39,902 (-53.5%), from €74,552 to €34,650
of which Remuneration and social security: -€36,739
Income statement
- Gross operating margin +€73,286
up €73,286 (+15.6%), from €469,370 to €542,656
- Staff costs -€53,140
down €53,140 (-8.5%), from €626,722 to €573,582
- Depreciation -€26,828
down €26,828 (-20.8%), from €129,084 to €102,255
- Financial charges -€22,562
down €22,562 (-72.0%), from €31,332 to €8,770
of which Non-recurring financial charges: -€22,070
- Other operating charges +€10,398
up €10,398 (+228%), from €4,554 to €14,951
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€289,022
Gross operating margin
+€73,286
Staff costs
+€53,140
Depreciation
+€26,828
Write-downs
+€4,589
Other operating charges
-€10,398
Financial income
-€3,869
Financial charges
+€22,562
Deferred taxes and other
-€45
Result 2025
-€122,928
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1,702
Investment
-€1,546
Financing
-€39,382
Cash 2024
€43,912
From operations (derived)
-€1,702
Net result for the year
-€122,928
Depreciation
+€102,255
Stocks and contracts
+€27,299
Receivables within one year
+€2,888
Deferred charges and accrued income
-€29,562
Provisions
-€20,749
Trade debts
+€44,335
Tax, wage and social debts
-€39,902
Advances received
+€660
Other debts
+€33,986
Accrued charges and deferred income
+€17
Investment (derived)
-€1,546
Investment in fixed assets (net)
-€1,546
Financing
-€39,382
Debts after one year
-€49,455
Current portion of long-term debt
-€2,552
Short-term financial debts
+€25,835
Contributions, distributions and other
-€13,210
Cash 2025
€1,282
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,410,514 | €1,266,549 | -€143,964 | -10.2% |
| Fixed assets | 21/28 | €707,054 | €606,345 | -€100,709 | -14.2% |
| Intangible fixed assets | 21 | €12,769 | €9,571 | -€3,199 | -25.1% |
| Tangible fixed assets | 22/27 | €693,785 | €596,274 | -€97,511 | -14.1% |
| Land and buildings | 22 | €363,741 | €348,476 | -€15,264 | -4.2% |
| Plant, machinery and equipment | 23 | €287,998 | €226,891 | -€61,108 | -21.2% |
| Furniture and vehicles | 24 | €39,515 | €18,818 | -€20,697 | -52.4% |
| Other tangible fixed assets | 26 | €2,531 | €2,089 | -€441 | -17.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €703,459 | €660,205 | -€43,255 | -6.1% |
| Stocks and contracts in progress | 3 | €475,515 | €448,217 | -€27,299 | -5.7% |
| Stocks | 30/36 | €475,515 | €448,217 | -€27,299 | -5.7% |
| Amounts receivable within one year | 40/41 | €120,122 | €117,234 | -€2,888 | -2.4% |
| Trade receivables | 40 | €89,400 | €116,388 | +€26,988 | +30.2% |
| Other amounts receivable | 41 | €30,723 | €846 | -€29,877 | -97.2% |
| Current investments | 50/53 | €54,537 | €54,537 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,912 | €1,282 | -€42,629 | -97.1% |
| Deferred charges and accrued income | 490/1 | €9,373 | €38,935 | +€29,562 | +315% |
| Total equity and liabilities | 10/49 | €1,410,514 | €1,266,549 | -€143,964 | -10.2% |
| Equity | 10/15 | €857,657 | €721,518 | -€136,138 | -15.9% |
| Contributions | 10/11 | €213,188 | €213,188 | = | 0.0% |
| Capital | 10 | €213,188 | €213,188 | = | 0.0% |
| Issued capital | 100 | €213,188 | €213,188 | = | 0.0% |
| Reserves | 13 | €488,416 | €424,031 | -€64,385 | -13.2% |
| Non-distributable reserves | 130/1 | €75,855 | €75,855 | = | 0.0% |
| Legal reserve | 130 | €21,319 | €21,319 | = | 0.0% |
| Own shares acquired | 1312 | €54,537 | €54,537 | = | 0.0% |
| Tax-exempt reserves | 132 | €412,561 | €348,175 | -€64,385 | -15.6% |
| Profit (loss) carried forward | 14 | €71,937 | €13,394 | -€58,543 | -81.4% |
| Investment grants | 15 | €84,115 | €70,906 | -€13,210 | -15.7% |
| Provisions and deferred taxes | 16 | €132,956 | €112,207 | -€20,749 | -15.6% |
| Deferred taxes | 168 | €132,956 | €112,207 | -€20,749 | -15.6% |
| Amounts payable | 17/49 | €419,901 | €432,824 | +€12,924 | +3.1% |
| Amounts payable after more than one year | 17 | €126,280 | €76,825 | -€49,455 | -39.2% |
| Financial debts | 170/4 | €126,280 | €76,825 | -€49,455 | -39.2% |
| Amounts payable within one year | 42/48 | €293,621 | €355,983 | +€62,362 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €52,007 | €49,455 | -€2,552 | -4.9% |
| Financial debts | 43 | €103,253 | €129,088 | +€25,835 | +25.0% |
| Credit institutions | 430/8 | €103,253 | €129,088 | +€25,835 | +25.0% |
| Trade debts | 44 | €44,479 | €88,814 | +€44,335 | +99.7% |
| Suppliers | 440/4 | €44,479 | €88,814 | +€44,335 | +99.7% |
| Advances received on contracts in progress | 46 | - | €660 | +€660 | |
| Taxes, remuneration and social security | 45 | €74,552 | €34,650 | -€39,902 | -53.5% |
| Taxes | 450/3 | €6,376 | €3,213 | -€3,163 | -49.6% |
| Remuneration and social security | 454/9 | €68,177 | €31,438 | -€36,739 | -53.9% |
| Other amounts payable | 47/48 | €19,329 | €53,315 | +€33,986 | +176% |
| Accrued charges and deferred income | 492/3 | - | €17 | +€17 | |
| Remuneration, social security and pensions | 62 | €626,722 | €573,582 | -€53,140 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,084 | €102,255 | -€26,828 | -20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,589 | - | -€4,589 | |
| Other operating charges | 640/8 | €4,554 | €14,951 | +€10,398 | +228% |
| Gross operating margin | 9900 | €469,370 | €542,656 | +€73,286 | +15.6% |
| Operating profit (loss) | 9901 | -€295,578 | -€148,132 | +€147,446 | +49.9% |
| Financial income | 75/76B | €17,094 | €13,224 | -€3,869 | -22.6% |
| Recurring financial income | 75 | €16,848 | €13,224 | -€3,624 | -21.5% |
| Non-recurring financial income | 76B | €245 | - | -€245 | |
| Financial charges | 65/66B | €31,332 | €8,770 | -€22,562 | -72.0% |
| Recurring financial charges | 65 | €9,262 | €8,770 | -€492 | -5.3% |
| Non-recurring financial charges | 66B | €22,070 | - | -€22,070 | |
| Profit (loss) for the period before taxes | 9903 | -€309,817 | -€143,678 | +€166,139 | +53.6% |
| Transfer from deferred taxes | 780 | €20,795 | €20,749 | -€45 | -0.2% |
| Profit (loss) for the period | 9904 | -€289,022 | -€122,928 | +€166,093 | +57.5% |
| Transfer from tax-exempt reserves | 789 | €64,526 | €64,385 | -€141 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€224,496 | -€58,543 | +€165,953 | +73.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.