Dr Maamer.d: 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.
Dr Maamer.d
Largest movements
- Tangible fixed assets +€49,076
up €49,076 (+208%), from €23,560 to €72,636
of which Plant, machinery and equipment: +€51,613
- Receivables within one year +€25,381
new in 2025: €25,381
- Cash +€9,244
up €9,244 (+9.1%), from €101,754 to €110,998
mainly Net result for the year (+€90,104) and Depreciation (+€14,279)
- Intangible fixed assets +€7,227
new in 2025: €7,227
- Profit (loss) carried forward +€90,104
up €90,104 (+98.0%), from €91,972 to €182,076
- Trade debts +€4,630
up €4,630 (+691%), from €670 to €5,301
- Turnover -€235,202
no longer reported in 2025 (was €235,202)
- Purchases and services -€125,109
no longer reported in 2025 (was €125,109)
- Gross operating margin +€15,292
up €15,292 (+12.7%), from €120,304 to €135,596
- Depreciation +€13,775
up €13,775 (+2,732%), from €504 to €14,279
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 | €125,313 | €217,447 | +€92,133 | +73.5% |
| Fixed assets | 21/28 | €23,560 | €79,863 | +€56,303 | +239% |
| Intangible fixed assets | 21 | - | €7,227 | +€7,227 | |
| Tangible fixed assets | 22/27 | €23,560 | €72,636 | +€49,076 | +208% |
| Plant, machinery and equipment | 23 | €8,517 | €60,130 | +€51,613 | +606% |
| Furniture and vehicles | 24 | €1,419 | €1,653 | +€234 | +16.5% |
| Leasing and similar rights | 25 | €13,624 | €10,853 | -€2,771 | -20.3% |
| Current assets | 29/58 | €101,754 | €137,584 | +€35,830 | +35.2% |
| Amounts receivable within one year | 40/41 | - | €25,381 | +€25,381 | |
| Other amounts receivable | 41 | - | €25,381 | +€25,381 | |
| Cash at bank and in hand | 54/58 | €101,754 | €110,998 | +€9,244 | +9.1% |
| Deferred charges and accrued income | 490/1 | - | €1,205 | +€1,205 | |
| Total equity and liabilities | 10/49 | €125,313 | €217,447 | +€92,133 | +73.5% |
| Equity | 10/15 | €94,972 | €185,076 | +€90,104 | +94.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,972 | €182,076 | +€90,104 | +98.0% |
| Amounts payable | 17/49 | €30,341 | €32,371 | +€2,029 | +6.7% |
| Amounts payable within one year | 42/48 | €30,341 | €32,371 | +€2,029 | +6.7% |
| Trade debts | 44 | €670 | €5,301 | +€4,630 | +691% |
| Suppliers | 440/4 | €670 | €5,301 | +€4,630 | +691% |
| Taxes, remuneration and social security | 45 | €28,963 | €27,070 | -€1,893 | -6.5% |
| Taxes | 450/3 | €26,595 | €27,070 | +€475 | +1.8% |
| Remuneration and social security | 454/9 | €2,368 | - | -€2,368 | |
| Other amounts payable | 47/48 | €708 | - | -€708 | |
| Turnover | 70 | €235,202 | - | -€235,202 | |
| Goods, raw materials, services and sundry goods | 60/61 | €125,109 | - | -€125,109 | |
| Remuneration, social security and pensions | 62 | - | €2,029 | +€2,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €14,279 | +€13,775 | +2,732% |
| Other operating charges | 640/8 | €1,953 | €3,300 | +€1,348 | +69.0% |
| Gross operating margin | 9900 | €120,304 | €135,596 | +€15,292 | +12.7% |
| Operating profit (loss) | 9901 | €117,847 | €115,986 | -€1,860 | -1.6% |
| Financial income | 75/76B | €5 | €1,450 | +€1,445 | +28,010% |
| Recurring financial income | 75 | €5 | €1,450 | +€1,445 | +28,010% |
| Financial charges | 65/66B | €85 | €263 | +€178 | +209% |
| Recurring financial charges | 65 | €85 | €263 | +€178 | +209% |
| Profit (loss) for the period before taxes | 9903 | €117,767 | €117,174 | -€593 | -0.5% |
| Income taxes | 67/77 | €25,795 | €27,070 | +€1,275 | +4.9% |
| Profit (loss) for the period | 9904 | €91,972 | €90,104 | -€1,868 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,972 | €90,104 | -€1,868 | -2.0% |
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 25 October 2026 via checked.be.