MATHY CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€12,355
down €12,355 (-30.9%), from €40,033 to €27,679
of which Other amounts receivable: -€6,437
- Tangible fixed assets -€10,234
down €10,234 (-71.3%), from €14,346 to €4,112
of which Furniture and vehicles: -€11,760
- Cash -€5,215
down €5,215 (-12.7%), from €40,943 to €35,729
mainly Tax, wage and social debts (-€15,644) and Trade debts (-€10,204)
- Tax, wage and social debts -€15,644
down €15,644 (-80.6%), from €19,414 to €3,770
of which Remuneration and social security: -€7,835
- Trade debts -€10,204
down €10,204 (-50.7%), from €20,128 to €9,924
- Profit (loss) carried forward +€6,806
up €6,806 (+18.3%), from €37,242 to €44,049
- Short-term financial debts -€5,658
down €5,658 (-69.3%), from €8,166 to €2,507
- Debts after one year -€1,881
down €1,881 (-24.1%), from €7,802 to €5,921
- Turnover -€138,914
no longer reported in 2025 (was €138,914)
- Purchases and services -€118,684
no longer reported in 2025 (was €118,684)
- Depreciation -€3,305
down €3,305 (-21.4%), from €15,434 to €12,129
- Financial income +€3,291
up €3,291 (+41974.4%), from €8 to €3,299
- Gross operating margin -€2,213
down €2,213 (-9.0%), from €24,579 to €22,366
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.
Cash bridge derived
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 | €95,914 | €68,171 | -€27,743 | -28.9% |
| Fixed assets | 21/28 | €14,346 | €4,112 | -€10,234 | -71.3% |
| Tangible fixed assets | 22/27 | €14,346 | €4,112 | -€10,234 | -71.3% |
| Plant, machinery and equipment | 23 | - | €1,526 | +€1,526 | |
| Furniture and vehicles | 24 | €14,346 | €2,585 | -€11,760 | -82.0% |
| Current assets | 29/58 | €81,568 | €64,060 | -€17,508 | -21.5% |
| Amounts receivable within one year | 40/41 | €40,033 | €27,679 | -€12,355 | -30.9% |
| Trade receivables | 40 | €15,830 | €9,913 | -€5,917 | -37.4% |
| Other amounts receivable | 41 | €24,203 | €17,766 | -€6,437 | -26.6% |
| Cash at bank and in hand | 54/58 | €40,943 | €35,729 | -€5,215 | -12.7% |
| Deferred charges and accrued income | 490/1 | €591 | €652 | +€61 | +10.3% |
| Total equity and liabilities | 10/49 | €95,914 | €68,171 | -€27,743 | -28.9% |
| Equity | 10/15 | €39,242 | €46,049 | +€6,806 | +17.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,242 | €44,049 | +€6,806 | +18.3% |
| Amounts payable | 17/49 | €56,671 | €22,122 | -€34,549 | -61.0% |
| Amounts payable after more than one year | 17 | €7,802 | €5,921 | -€1,881 | -24.1% |
| Financial debts | 170/4 | €7,802 | €5,921 | -€1,881 | -24.1% |
| Amounts payable within one year | 42/48 | €48,869 | €16,201 | -€32,668 | -66.8% |
| Financial debts | 43 | €8,166 | €2,507 | -€5,658 | -69.3% |
| Credit institutions | 430/8 | €8,166 | €2,507 | -€5,658 | -69.3% |
| Trade debts | 44 | €20,128 | €9,924 | -€10,204 | -50.7% |
| Suppliers | 440/4 | €20,128 | €9,924 | -€10,204 | -50.7% |
| Taxes, remuneration and social security | 45 | €19,414 | €3,770 | -€15,644 | -80.6% |
| Taxes | 450/3 | €11,579 | €3,770 | -€7,809 | -67.4% |
| Remuneration and social security | 454/9 | €7,835 | €0 | -€7,835 | -100.0% |
| Other amounts payable | 47/48 | €1,161 | €0 | -€1,161 | -100.0% |
| Turnover | 70 | €138,914 | - | -€138,914 | |
| Non-recurring operating income | 76A | €4,348 | €400 | -€3,948 | -90.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €118,684 | - | -€118,684 | |
| Remuneration, social security and pensions | 62 | €167 | €888 | +€721 | +432.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,434 | €12,129 | -€3,305 | -21.4% |
| Other operating charges | 640/8 | €315 | €1,535 | +€1,220 | +386.8% |
| Gross operating margin | 9900 | €24,579 | €22,366 | -€2,213 | -9.0% |
| Operating profit (loss) | 9901 | €8,662 | €7,813 | -€849 | -9.8% |
| Financial income | 75/76B | €8 | €3,299 | +€3,291 | +41974.4% |
| Recurring financial income | 75 | €8 | €3,299 | +€3,291 | +41974.4% |
| Financial charges | 65/66B | €2,078 | €898 | -€1,180 | -56.8% |
| Recurring financial charges | 65 | €2,078 | €898 | -€1,180 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €6,592 | €10,214 | +€3,622 | +54.9% |
| Income taxes | 67/77 | €3,268 | €3,408 | +€140 | +4.3% |
| Profit (loss) for the period | 9904 | €3,324 | €6,806 | +€3,482 | +104.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,324 | €6,806 | +€3,482 | +104.7% |
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 12 October 2026 via checked.be.