Mathys Infra: what changed
What changed
Mathys Infra
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
-€14,689
2024 · €28,353-€43,042
Equity
€184,186
2024 · €198,875-€14,689
Cash
€364
2024 · €7,625-€7,261
Balance sheet total
€769,214
2024 · €528,181+€241,033
Largest movements
Assets
- Receivables within one year +€198,778
up €198,778 (+42.2%), from €470,589 to €669,367
of which Trade receivables: +€130,333
- Tangible fixed assets +€47,969
up €47,969 (+97.1%), from €49,401 to €97,370
of which Furniture and vehicles: +€55,845
Equity and liabilities
- Debts after one year +€114,284
new in 2025: €114,284
- Trade debts +€103,453
up €103,453 (+41.3%), from €250,499 to €353,951
- Current portion of long-term debt +€36,692
new in 2025: €36,692
- Short-term financial debts +€16,308
new in 2025: €16,308
- Profit (loss) carried forward -€14,689
down €14,689 (-7.7%), from €190,815 to €176,126
Income statement
- Turnover -€299,157
down €299,157 (-33.9%), from €883,587 to €584,430
- Gross operating margin -€215,765
down €215,765 (-55.7%), from €387,214 to €171,450
- Staff costs -€149,858
down €149,858 (-51.3%), from €291,958 to €142,100
- Purchases and services -€92,267
down €92,267 (-18.4%), from €502,370 to €410,103
- Taxes -€14,174
no longer reported in 2025 (was €14,174)
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
€28,353
Gross operating margin
-€215,765
Staff costs
+€149,858
Depreciation
+€1,652
Other operating charges
+€8,230
Financial income
-€3
Financial charges
-€1,188
Taxes
+€14,174
Result 2025
-€14,689
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
-€91,539
Investment
-€83,005
Financing
+€167,283
Cash 2024
€7,625
From operations (derived)
-€91,539
Net result for the year
-€14,689
Depreciation
+€35,036
Receivables within one year
-€198,778
Deferred charges and accrued income
-€1,548
Trade debts
+€103,453
Tax, wage and social debts
-€13,148
Other debts
-€1,866
Investment (derived)
-€83,005
Investment in fixed assets (net)
-€83,005
Financing
+€167,283
Debts after one year
+€114,284
Current portion of long-term debt
+€36,692
Short-term financial debts
+€16,308
Cash 2025
€364
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €528,181 | €769,214 | +€241,033 | +45.6% |
| Fixed assets | 21/28 | €49,401 | €97,370 | +€47,969 | +97.1% |
| Tangible fixed assets | 22/27 | €49,401 | €97,370 | +€47,969 | +97.1% |
| Plant, machinery and equipment | 23 | €13,811 | €5,934 | -€7,876 | -57.0% |
| Furniture and vehicles | 24 | €35,591 | €91,436 | +€55,845 | +157% |
| Current assets | 29/58 | €478,779 | €671,843 | +€193,064 | +40.3% |
| Amounts receivable within one year | 40/41 | €470,589 | €669,367 | +€198,778 | +42.2% |
| Trade receivables | 40 | €410,269 | €540,601 | +€130,333 | +31.8% |
| Other amounts receivable | 41 | €60,320 | €128,765 | +€68,445 | +113% |
| Cash at bank and in hand | 54/58 | €7,625 | €364 | -€7,261 | -95.2% |
| Deferred charges and accrued income | 490/1 | €565 | €2,113 | +€1,548 | +274% |
| Total equity and liabilities | 10/49 | €528,181 | €769,214 | +€241,033 | +45.6% |
| Equity | 10/15 | €198,875 | €184,186 | -€14,689 | -7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,815 | €176,126 | -€14,689 | -7.7% |
| Amounts payable | 17/49 | €329,305 | €585,027 | +€255,722 | +77.7% |
| Amounts payable after more than one year | 17 | - | €114,284 | +€114,284 | |
| Financial debts | 170/4 | - | €114,284 | +€114,284 | |
| Amounts payable within one year | 42/48 | €329,305 | €470,744 | +€141,439 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | - | €36,692 | +€36,692 | |
| Financial debts | 43 | - | €16,308 | +€16,308 | |
| Credit institutions | 430/8 | - | €16,308 | +€16,308 | |
| Trade debts | 44 | €250,499 | €353,951 | +€103,453 | +41.3% |
| Suppliers | 440/4 | €250,499 | €353,951 | +€103,453 | +41.3% |
| Taxes, remuneration and social security | 45 | €76,941 | €63,793 | -€13,148 | -17.1% |
| Taxes | 450/3 | €55,919 | €55,939 | +€20 | 0.0% |
| Remuneration and social security | 454/9 | €21,022 | €7,854 | -€13,168 | -62.6% |
| Other amounts payable | 47/48 | €1,866 | - | -€1,866 | |
| Turnover | 70 | €883,587 | €584,430 | -€299,157 | -33.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €502,370 | €410,103 | -€92,267 | -18.4% |
| Remuneration, social security and pensions | 62 | €291,958 | €142,100 | -€149,858 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,688 | €35,036 | -€1,652 | -4.5% |
| Other operating charges | 640/8 | €11,907 | €3,677 | -€8,230 | -69.1% |
| Gross operating margin | 9900 | €387,214 | €171,450 | -€215,765 | -55.7% |
| Operating profit (loss) | 9901 | €46,661 | -€9,363 | -€56,025 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,137 | €5,326 | +€1,188 | +28.7% |
| Recurring financial charges | 65 | €4,137 | €5,326 | +€1,188 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €42,527 | -€14,689 | -€57,216 | |
| Income taxes | 67/77 | €14,174 | - | -€14,174 | |
| Profit (loss) for the period | 9904 | €28,353 | -€14,689 | -€43,042 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,353 | -€14,689 | -€43,042 |
Next steps
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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.