MATHY R&W: what changed
MATHY R&W
Largest movements
- Cash +€58,369
up €58,369 (+151%), from €38,662 to €97,031
mainly Other debts (+€205,000) and Net result for the year (+€59,800)
- Deferred charges and accrued income +€11,250
new in 2025: €11,250
- Other debts +€205,000
new in 2025: €205,000
- Profit (loss) carried forward -€145,283
down €145,283 (-96.8%), from €150,053 to €4,771
- Tax, wage and social debts +€11,627
up €11,627 (+34.0%), from €34,233 to €45,861
- Trade debts -€3,510
no longer reported in 2025 (was €3,510)
- Gross operating margin -€25,475
down €25,475 (-24.7%), from €103,028 to €77,554
- Taxes -€4,742
down €4,742 (-21.5%), from €22,013 to €17,271
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,797 | €258,632 | +€67,835 | +35.6% |
| Fixed assets | 21/28 | €2,440 | €2,440 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,440 | €2,440 | = | 0.0% |
| Furniture and vehicles | 24 | €2,440 | €2,440 | = | 0.0% |
| Current assets | 29/58 | €188,357 | €256,192 | +€67,835 | +36.0% |
| Amounts receivable after more than one year | 29 | €116,264 | €116,264 | = | 0.0% |
| Other amounts receivable | 291 | €116,264 | €116,264 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,430 | €31,646 | -€1,784 | -5.3% |
| Trade receivables | 40 | €17,392 | €14,729 | -€2,663 | -15.3% |
| Other amounts receivable | 41 | €16,038 | €16,917 | +€879 | +5.5% |
| Cash at bank and in hand | 54/58 | €38,662 | €97,031 | +€58,369 | +151% |
| Deferred charges and accrued income | 490/1 | - | €11,250 | +€11,250 | |
| Total equity and liabilities | 10/49 | €190,797 | €258,632 | +€67,835 | +35.6% |
| Equity | 10/15 | €153,053 | €7,771 | -€145,283 | -94.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,053 | €4,771 | -€145,283 | -96.8% |
| Amounts payable | 17/49 | €37,743 | €250,861 | +€213,118 | +565% |
| Amounts payable within one year | 42/48 | €37,743 | €250,861 | +€213,118 | +565% |
| Trade debts | 44 | €3,510 | - | -€3,510 | |
| Suppliers | 440/4 | €3,510 | - | -€3,510 | |
| Taxes, remuneration and social security | 45 | €34,233 | €45,861 | +€11,627 | +34.0% |
| Taxes | 450/3 | €34,233 | €45,861 | +€11,627 | +34.0% |
| Other amounts payable | 47/48 | - | €205,000 | +€205,000 | |
| Other operating charges | 640/8 | €769 | €453 | -€316 | -41.1% |
| Gross operating margin | 9900 | €103,028 | €77,554 | -€25,475 | -24.7% |
| Operating profit (loss) | 9901 | €102,259 | €77,100 | -€25,159 | -24.6% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €96 | €79 | -€17 | -17.6% |
| Recurring financial charges | 65 | €96 | €79 | -€17 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €102,163 | €77,071 | -€25,092 | -24.6% |
| Income taxes | 67/77 | €22,013 | €17,271 | -€4,742 | -21.5% |
| Profit (loss) for the period | 9904 | €80,150 | €59,800 | -€20,351 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,150 | €59,800 | -€20,351 | -25.4% |
Next steps
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 5 November 2026 via checked.be.