MATHYS EDWIN: 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.
MATHYS EDWIN
Largest movements
- Receivables within one year -€92,829
down €92,829 (-74.3%), from €124,941 to €32,112
of which Trade receivables: -€91,562
- Cash +€72,727
up €72,727 (+32.1%), from €226,524 to €299,251
mainly Receivables within one year (+€92,829) and Net result for the year (+€35,377)
- Tangible fixed assets +€9,620
up €9,620 (+26.7%), from €36,073 to €45,692
of which Furniture and vehicles: +€11,932
- Trade debts -€57,753
down €57,753 (-77.7%), from €74,364 to €16,611
- Reserves +€35,377
up €35,377 (+11.7%), from €302,418 to €337,795
of which Distributable reserves: +€35,377
- Tax, wage and social debts +€10,301
up €10,301 (+645.4%), from €1,596 to €11,897
of which Remuneration and social security: +€6,201
- Staff costs -€32,389
down €32,389 (-39.2%), from €82,599 to €50,210
- Gross operating margin -€12,315
down €12,315 (-9.6%), from €128,429 to €116,114
- Depreciation +€5,796
up €5,796 (+55.6%), from €10,428 to €16,224
- Taxes +€3,848
up €3,848 (+39.7%), from €9,687 to €13,535
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 | €391,368 | €381,766 | -€9,602 | -2.5% |
| Fixed assets | 21/28 | €36,073 | €45,692 | +€9,620 | +26.7% |
| Tangible fixed assets | 22/27 | €36,073 | €45,692 | +€9,620 | +26.7% |
| Plant, machinery and equipment | 23 | €12,362 | €10,051 | -€2,312 | -18.7% |
| Furniture and vehicles | 24 | €23,710 | €35,642 | +€11,932 | +50.3% |
| Current assets | 29/58 | €355,295 | €336,074 | -€19,222 | -5.4% |
| Stocks and contracts in progress | 3 | €3,175 | €3,301 | +€126 | +4.0% |
| Stocks | 30/36 | €3,175 | €3,301 | +€126 | +4.0% |
| Amounts receivable within one year | 40/41 | €124,941 | €32,112 | -€92,829 | -74.3% |
| Trade receivables | 40 | €123,674 | €32,112 | -€91,562 | -74.0% |
| Other amounts receivable | 41 | €1,267 | - | -€1,267 | |
| Cash at bank and in hand | 54/58 | €226,524 | €299,251 | +€72,727 | +32.1% |
| Deferred charges and accrued income | 490/1 | €656 | €1,410 | +€755 | +115.1% |
| Total equity and liabilities | 10/49 | €391,368 | €381,766 | -€9,602 | -2.5% |
| Equity | 10/15 | €302,418 | €337,795 | +€35,377 | +11.7% |
| Reserves | 13 | €302,418 | €337,795 | +€35,377 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €300,558 | €335,935 | +€35,377 | +11.8% |
| Amounts payable | 17/49 | €88,950 | €43,971 | -€44,979 | -50.6% |
| Amounts payable within one year | 42/48 | €88,950 | €43,971 | -€44,979 | -50.6% |
| Financial debts | 43 | €2,667 | €2,546 | -€121 | -4.5% |
| Credit institutions | 430/8 | €2,667 | €2,546 | -€121 | -4.5% |
| Trade debts | 44 | €74,364 | €16,611 | -€57,753 | -77.7% |
| Suppliers | 440/4 | €74,364 | €16,611 | -€57,753 | -77.7% |
| Taxes, remuneration and social security | 45 | €1,596 | €11,897 | +€10,301 | +645.4% |
| Taxes | 450/3 | €1,596 | €5,695 | +€4,099 | +256.9% |
| Remuneration and social security | 454/9 | - | €6,201 | +€6,201 | |
| Other amounts payable | 47/48 | €10,323 | €12,917 | +€2,594 | +25.1% |
| Remuneration, social security and pensions | 62 | €82,599 | €50,210 | -€32,389 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,428 | €16,224 | +€5,796 | +55.6% |
| Other operating charges | 640/8 | €1,608 | €1,893 | +€285 | +17.7% |
| Gross operating margin | 9900 | €128,429 | €116,114 | -€12,315 | -9.6% |
| Operating profit (loss) | 9901 | €33,794 | €47,787 | +€13,993 | +41.4% |
| Financial income | 75/76B | €1,173 | €1,457 | +€284 | +24.2% |
| Recurring financial income | 75 | €1,173 | €1,457 | +€284 | +24.2% |
| Financial charges | 65/66B | €586 | €332 | -€255 | -43.4% |
| Recurring financial charges | 65 | €586 | €332 | -€255 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €34,380 | €48,912 | +€14,532 | +42.3% |
| Income taxes | 67/77 | €9,687 | €13,535 | +€3,848 | +39.7% |
| Profit (loss) for the period | 9904 | €24,693 | €35,377 | +€10,684 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,693 | €35,377 | +€10,684 | +43.3% |
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 11 October 2026 via checked.be.