MATHYS: what changed
What changed
MATHYS
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€2,063
2024 · €73+€1,990
Equity
€7,523
2024 · €5,460+€2,063
Cash
€22,183
2024 · €4,657+€17,526
Balance sheet total
€690,870
2024 · €835,402-€144,531
Largest movements
Assets
- Stocks and contracts -€150,641
down €150,641 (-21.4%), from €704,950 to €554,309
of which Contracts in progress: -€626,366
- Cash +€17,526
up €17,526 (+376%), from €4,657 to €22,183
mainly Stocks and contracts (+€150,641) and Other debts (+€123,716)
- Tangible fixed assets -€11,429
down €11,429 (-13.2%), from €86,708 to €75,279
of which Furniture and vehicles: -€18,158
Equity and liabilities
- Short-term financial debts -€290,000
down €290,000 (-92.1%), from €315,000 to €25,000
- Other debts +€123,716
up €123,716 (+29.1%), from €424,855 to €548,572
- Tax, wage and social debts +€21,946
up €21,946 (+659%), from €3,331 to €25,278
of which Taxes: +€24,529
- Debts after one year -€9,991
down €9,991 (-38.8%), from €25,746 to €15,755
Income statement
- Gross operating margin +€39,651
up €39,651 (+56.0%), from €70,771 to €110,421
- Staff costs +€22,725
up €22,725 (+60.7%), from €37,446 to €60,172
- Financial charges +€7,542
up €7,542 (+63.1%), from €11,956 to €19,498
- Other operating charges +€5,528
up €5,528 (+160%), from €3,446 to €8,974
- Depreciation +€2,210
up €2,210 (+12.6%), from €17,554 to €19,764
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
€73
Gross operating margin
+€39,651
Staff costs
-€22,725
Depreciation
-€2,210
Other operating charges
-€5,528
Financial income
+€123
Financial charges
-€7,542
Taxes
+€222
Result 2025
€2,063
raises the resultlowers the result
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
+€322,097
Investment
-€4,972
Financing
-€299,599
Cash 2024
€4,657
From operations (derived)
+€322,097
Net result for the year
+€2,063
Depreciation
+€19,764
Stocks and contracts
+€150,641
Receivables within one year
-€4,261
Deferred charges and accrued income
+€885
Trade debts
+€7,534
Tax, wage and social debts
+€21,946
Other debts
+€123,716
Accrued charges and deferred income
-€192
Investment (derived)
-€4,972
Investment in fixed assets (net)
-€4,972
Financing
-€299,599
Debts after one year
-€9,991
Current portion of long-term debt
+€392
Short-term financial debts
-€290,000
Cash 2025
€22,183
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €835,402 | €690,870 | -€144,531 | -17.3% |
| Fixed assets | 21/28 | €90,408 | €75,615 | -€14,793 | -16.4% |
| Tangible fixed assets | 22/27 | €86,708 | €75,279 | -€11,429 | -13.2% |
| Plant, machinery and equipment | 23 | €3,475 | €5,427 | +€1,952 | +56.2% |
| Furniture and vehicles | 24 | €77,369 | €59,211 | -€18,158 | -23.5% |
| Other tangible fixed assets | 26 | €5,864 | €10,641 | +€4,778 | +81.5% |
| Financial fixed assets | 28 | €3,700 | €336 | -€3,364 | -90.9% |
| Current assets | 29/58 | €744,994 | €615,255 | -€129,739 | -17.4% |
| Stocks and contracts in progress | 3 | €704,950 | €554,309 | -€150,641 | -21.4% |
| Stocks | 30/36 | - | €475,725 | +€475,725 | |
| Contracts in progress | 37 | €704,950 | €78,584 | -€626,366 | -88.9% |
| Amounts receivable within one year | 40/41 | €31,688 | €35,949 | +€4,261 | +13.4% |
| Trade receivables | 40 | €23,643 | €34,555 | +€10,912 | +46.2% |
| Other amounts receivable | 41 | €8,045 | €1,394 | -€6,651 | -82.7% |
| Cash at bank and in hand | 54/58 | €4,657 | €22,183 | +€17,526 | +376% |
| Deferred charges and accrued income | 490/1 | €3,699 | €2,814 | -€885 | -23.9% |
| Total equity and liabilities | 10/49 | €835,402 | €690,870 | -€144,531 | -17.3% |
| Equity | 10/15 | €5,460 | €7,523 | +€2,063 | +37.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €85,559 | €85,559 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,632 | €7,632 | = | 0.0% |
| Distributable reserves | 133 | €77,927 | €77,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,691 | -€96,628 | +€2,063 | +2.1% |
| Amounts payable | 17/49 | €829,942 | €683,347 | -€146,594 | -17.7% |
| Amounts payable after more than one year | 17 | €25,746 | €15,755 | -€9,991 | -38.8% |
| Financial debts | 170/4 | €25,746 | €15,755 | -€9,991 | -38.8% |
| Amounts payable within one year | 42/48 | €804,004 | €667,592 | -€136,412 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €9,599 | €9,991 | +€392 | +4.1% |
| Financial debts | 43 | €315,000 | €25,000 | -€290,000 | -92.1% |
| Credit institutions | 430/8 | €315,000 | €25,000 | -€290,000 | -92.1% |
| Trade debts | 44 | €51,218 | €58,752 | +€7,534 | +14.7% |
| Suppliers | 440/4 | €51,218 | €58,752 | +€7,534 | +14.7% |
| Taxes, remuneration and social security | 45 | €3,331 | €25,278 | +€21,946 | +659% |
| Taxes | 450/3 | €748 | €25,278 | +€24,529 | +3,278% |
| Remuneration and social security | 454/9 | €2,583 | €0 | -€2,583 | -100% |
| Other amounts payable | 47/48 | €424,855 | €548,572 | +€123,716 | +29.1% |
| Accrued charges and deferred income | 492/3 | €192 | €0 | -€192 | -100% |
| Remuneration, social security and pensions | 62 | €37,446 | €60,172 | +€22,725 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,554 | €19,764 | +€2,210 | +12.6% |
| Other operating charges | 640/8 | €3,446 | €8,974 | +€5,528 | +160% |
| Gross operating margin | 9900 | €70,771 | €110,421 | +€39,651 | +56.0% |
| Operating profit (loss) | 9901 | €12,324 | €21,511 | +€9,187 | +74.5% |
| Financial income | 75/76B | €101 | €224 | +€123 | +122% |
| Recurring financial income | 75 | €101 | €224 | +€123 | +122% |
| Financial charges | 65/66B | €11,956 | €19,498 | +€7,542 | +63.1% |
| Recurring financial charges | 65 | €11,956 | €19,498 | +€7,542 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €469 | €2,237 | +€1,768 | +377% |
| Income taxes | 67/77 | €396 | €174 | -€222 | -56.1% |
| Profit (loss) for the period | 9904 | €73 | €2,063 | +€1,990 | +2,740% |
| Profit (loss) for the period to be appropriated | 9905 | €73 | €2,063 | +€1,990 | +2,740% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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.