MATHY VINCENT: 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 VINCENT
Largest movements
- Cash +€66,010
up €66,010 (+335%), from €19,694 to €85,705
mainly Receivables within one year (+€39,776) and Depreciation (+€19,150)
- Receivables within one year -€39,776
down €39,776 (-31.0%), from €128,194 to €88,418
of which Trade receivables: -€38,072
- Tangible fixed assets -€17,952
down €17,952 (-20.8%), from €86,283 to €68,332
of which Land and buildings: -€9,128
- Reserves +€18,894
up €18,894 (+48.6%), from €38,895 to €57,789
of which Distributable reserves: +€20,754
- Debts after one year -€10,683
down €10,683 (-38.4%), from €27,825 to €17,143
- Tax, wage and social debts +€6,220
up €6,220 (+20.6%), from €30,166 to €36,386
of which Remuneration and social security: +€6,263
- Current portion of long-term debt -€5,246
down €5,246 (-13.5%), from €38,804 to €33,558
- Gross operating margin +€71,921
up €71,921 (+20.8%), from €345,014 to €416,934
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 | €245,301 | €253,583 | +€8,283 | +3.4% |
| Fixed assets | 21/28 | €86,343 | €68,392 | -€17,952 | -20.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €86,283 | €68,332 | -€17,952 | -20.8% |
| Land and buildings | 22 | €66,674 | €57,546 | -€9,128 | -13.7% |
| Plant, machinery and equipment | 23 | €3,317 | €2,635 | -€682 | -20.6% |
| Furniture and vehicles | 24 | €16,292 | €8,151 | -€8,142 | -50.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €158,957 | €185,191 | +€26,234 | +16.5% |
| Stocks and contracts in progress | 3 | €11,068 | €11,068 | = | 0.0% |
| Stocks | 30/36 | €11,068 | €11,068 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €128,194 | €88,418 | -€39,776 | -31.0% |
| Trade receivables | 40 | €123,365 | €85,293 | -€38,072 | -30.9% |
| Other amounts receivable | 41 | €4,830 | €3,125 | -€1,704 | -35.3% |
| Cash at bank and in hand | 54/58 | €19,694 | €85,705 | +€66,010 | +335% |
| Total equity and liabilities | 10/49 | €245,301 | €253,583 | +€8,283 | +3.4% |
| Equity | 10/15 | €45,835 | €64,730 | +€18,894 | +41.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,895 | €57,789 | +€18,894 | +48.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €37,035 | €57,789 | +€20,754 | +56.0% |
| Profit (loss) carried forward | 14 | €741 | €741 | = | 0.0% |
| Amounts payable | 17/49 | €199,465 | €188,853 | -€10,612 | -5.3% |
| Amounts payable after more than one year | 17 | €27,825 | €17,143 | -€10,683 | -38.4% |
| Financial debts | 170/4 | €27,825 | €17,143 | -€10,683 | -38.4% |
| Amounts payable within one year | 42/48 | €171,640 | €171,711 | +€71 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €38,804 | €33,558 | -€5,246 | -13.5% |
| Trade debts | 44 | €71,789 | €71,678 | -€111 | -0.2% |
| Suppliers | 440/4 | €71,789 | €71,678 | -€111 | -0.2% |
| Taxes, remuneration and social security | 45 | €30,166 | €36,386 | +€6,220 | +20.6% |
| Taxes | 450/3 | €9,202 | €9,159 | -€43 | -0.5% |
| Remuneration and social security | 454/9 | €20,964 | €27,227 | +€6,263 | +29.9% |
| Other amounts payable | 47/48 | €30,881 | €30,089 | -€792 | -2.6% |
| Remuneration, social security and pensions | 62 | €373,704 | €372,698 | -€1,006 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,186 | €19,150 | -€4,036 | -17.4% |
| Other operating charges | 640/8 | €2,549 | €1,356 | -€1,193 | -46.8% |
| Gross operating margin | 9900 | €345,014 | €416,934 | +€71,921 | +20.8% |
| Operating profit (loss) | 9901 | -€54,425 | €23,731 | +€78,156 | |
| Financial income | 75/76B | €273 | €366 | +€93 | +34.1% |
| Recurring financial income | 75 | €273 | €366 | +€93 | +34.1% |
| Financial charges | 65/66B | €4,893 | €3,143 | -€1,750 | -35.8% |
| Recurring financial charges | 65 | €4,893 | €3,143 | -€1,750 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€59,045 | €20,954 | +€79,999 | |
| Income taxes | 67/77 | €70 | €2,060 | +€1,990 | +2,844% |
| Profit (loss) for the period | 9904 | -€59,115 | €18,894 | +€78,009 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,115 | €18,894 | +€78,009 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.