MATHIMMOB: what changed
What changed
MATHIMMOB
filed annual accounts (NBB)
Net result for the year
-€677
2024 · €7,811-€8,487
Equity
€22,702
2024 · €23,379-€677
Cash
€1,205
2024 · €203+€1,003
Balance sheet total
€146,740
2024 · €161,147-€14,406
Largest movements
Assets
- Tangible fixed assets -€16,909
down €16,909 (-10.6%), from €159,927 to €143,018
of which Land and buildings: -€8,481
Equity and liabilities
- Debts after one year -€30,182
down €30,182 (-41.8%), from €72,182 to €42,000
- Other debts +€28,693
up €28,693 (+277%), from €10,372 to €39,066
- Trade debts -€10,538
down €10,538 (-55.5%), from €19,000 to €8,462
- Accrued charges and deferred income -€2,189
down €2,189 (-99.8%), from €2,193 to €4
Income statement
- Other operating charges +€9,385
new in 2025: €9,385
- Taxes -€6,877
down €6,877, from €4,100 to -€2,776
- Gross operating margin -€6,811
down €6,811 (-22.7%), from €29,994 to €23,183
- Financial charges -€582
down €582 (-17.0%), from €3,426 to €2,844
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
€7,811
Gross operating margin
-€6,811
Depreciation
+€250
Other operating charges
-€9,385
Financial charges
+€582
Taxes
+€6,877
Result 2025
-€677
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
+€28,307
Investment
+€2,229
Financing
-€29,534
Cash 2024
€203
From operations (derived)
+€28,307
Net result for the year
-€677
Depreciation
+€14,680
Receivables within one year
-€1,500
Provisions
-€272
Trade debts
-€10,538
Tax, wage and social debts
+€110
Other debts
+€28,693
Accrued charges and deferred income
-€2,189
Investment (derived)
+€2,229
Investment in fixed assets (net)
+€2,229
Financing
-€29,534
Debts after one year
-€30,182
Current portion of long-term debt
+€648
Cash 2025
€1,205
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,147 | €146,740 | -€14,406 | -8.9% |
| Fixed assets | 21/28 | €159,927 | €143,018 | -€16,909 | -10.6% |
| Tangible fixed assets | 22/27 | €159,927 | €143,018 | -€16,909 | -10.6% |
| Land and buildings | 22 | €121,400 | €112,920 | -€8,481 | -7.0% |
| Plant, machinery and equipment | 23 | €38,527 | €30,099 | -€8,428 | -21.9% |
| Current assets | 29/58 | €1,219 | €3,722 | +€2,503 | +205% |
| Amounts receivable within one year | 40/41 | €1,017 | €2,517 | +€1,500 | +148% |
| Trade receivables | 40 | €1,017 | €2,517 | +€1,500 | +148% |
| Cash at bank and in hand | 54/58 | €203 | €1,205 | +€1,003 | +495% |
| Total equity and liabilities | 10/49 | €161,147 | €146,740 | -€14,406 | -8.9% |
| Equity | 10/15 | €23,379 | €22,702 | -€677 | -2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,128 | €4,311 | -€817 | -15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,268 | €2,451 | -€817 | -25.0% |
| Profit (loss) carried forward | 14 | -€349 | -€208 | +€140 | +40.2% |
| Provisions and deferred taxes | 16 | €1,089 | €817 | -€272 | -25.0% |
| Deferred taxes | 168 | €1,089 | €817 | -€272 | -25.0% |
| Amounts payable | 17/49 | €136,678 | €123,221 | -€13,457 | -9.8% |
| Amounts payable after more than one year | 17 | €72,182 | €42,000 | -€30,182 | -41.8% |
| Financial debts | 170/4 | €72,182 | €42,000 | -€30,182 | -41.8% |
| Amounts payable within one year | 42/48 | €62,303 | €81,216 | +€18,914 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €29,534 | €30,182 | +€648 | +2.2% |
| Trade debts | 44 | €19,000 | €8,462 | -€10,538 | -55.5% |
| Suppliers | 440/4 | €19,000 | €8,462 | -€10,538 | -55.5% |
| Taxes, remuneration and social security | 45 | €3,397 | €3,507 | +€110 | +3.2% |
| Taxes | 450/3 | €3,397 | €3,507 | +€110 | +3.2% |
| Other amounts payable | 47/48 | €10,372 | €39,066 | +€28,693 | +277% |
| Accrued charges and deferred income | 492/3 | €2,193 | €4 | -€2,189 | -99.8% |
| Non-recurring operating income | 76A | - | €271 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,930 | €14,680 | -€250 | -1.7% |
| Other operating charges | 640/8 | - | €9,385 | +€9,385 | |
| Gross operating margin | 9900 | €29,994 | €23,183 | -€6,811 | -22.7% |
| Operating profit (loss) | 9901 | €15,064 | -€881 | -€15,946 | |
| Financial charges | 65/66B | €3,426 | €2,844 | -€582 | -17.0% |
| Recurring financial charges | 65 | €3,426 | €2,844 | -€582 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €11,639 | -€3,725 | -€15,364 | |
| Transfer from deferred taxes | 780 | €272 | €272 | = | 0.0% |
| Income taxes | 67/77 | €4,100 | -€2,776 | -€6,877 | |
| Profit (loss) for the period | 9904 | €7,811 | -€677 | -€8,487 | |
| Transfer from tax-exempt reserves | 789 | €817 | €817 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,628 | €140 | -€8,487 | -98.4% |
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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 3 November 2026 via checked.be.