MAM'IMMO: what changed
Two fiscal 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.
MAM'IMMO
Largest movements
- Current investments -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets -€10,973
down €10,973 (-3.4%), from €320,138 to €309,165
of which Land and buildings: -€9,925
- Cash +€9,410
up €9,410 (+56.4%), from €16,687 to €26,097
mainly Current investments (+€20,000) and Depreciation (+€13,611)
- Debts after one year -€15,714
down €15,714 (-5.9%), from €266,048 to €250,334
- Other debts -€7,443
down €7,443 (-8.5%), from €87,056 to €79,613
- Gross operating margin +€13,761
up €13,761 (+93.0%), from €14,789 to €28,550
- Depreciation +€659
up €659 (+5.1%), from €12,952 to €13,611
- Financial charges -€643
down €643 (-4.6%), from €13,937 to €13,294
- Financial income +€390
up €390 (+214.4%), from €182 to €572
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 | €359,165 | €338,920 | -€20,244 | -5.6% |
| Fixed assets | 21/28 | €320,922 | €309,607 | -€11,315 | -3.5% |
| Intangible fixed assets | 21 | €784 | €442 | -€342 | -43.6% |
| Tangible fixed assets | 22/27 | €320,138 | €309,165 | -€10,973 | -3.4% |
| Land and buildings | 22 | €308,740 | €298,815 | -€9,925 | -3.2% |
| Plant, machinery and equipment | 23 | €7,826 | €7,634 | -€192 | -2.5% |
| Furniture and vehicles | 24 | €3,573 | €2,716 | -€857 | -24.0% |
| Current assets | 29/58 | €38,242 | €29,313 | -€8,930 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,382 | €3,174 | +€1,793 | +129.8% |
| Trade receivables | 40 | €1,382 | €3,149 | +€1,767 | +127.9% |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Current investments | 50/53 | €20,000 | - | -€20,000 | |
| Cash at bank and in hand | 54/58 | €16,687 | €26,097 | +€9,410 | +56.4% |
| Deferred charges and accrued income | 490/1 | €174 | €41 | -€133 | -76.3% |
| Total equity and liabilities | 10/49 | €359,165 | €338,920 | -€20,244 | -5.6% |
| Equity | 10/15 | -€14,521 | -€12,649 | +€1,872 | +12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,521 | -€32,649 | +€1,872 | +5.4% |
| Amounts payable | 17/49 | €373,686 | €351,569 | -€22,117 | -5.9% |
| Amounts payable after more than one year | 17 | €266,048 | €250,334 | -€15,714 | -5.9% |
| Financial debts | 170/4 | €266,048 | €250,334 | -€15,714 | -5.9% |
| Amounts payable within one year | 42/48 | €106,488 | €100,134 | -€6,354 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €16,207 | €16,991 | +€783 | +4.8% |
| Trade debts | 44 | €505 | €189 | -€316 | -62.5% |
| Suppliers | 440/4 | €505 | €189 | -€316 | -62.5% |
| Advances received on contracts in progress | 46 | €1,210 | €1,210 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,509 | €2,131 | +€622 | +41.2% |
| Taxes | 450/3 | €1,509 | €2,131 | +€622 | +41.2% |
| Other amounts payable | 47/48 | €87,056 | €79,613 | -€7,443 | -8.5% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,101 | -€48 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,952 | €13,611 | +€659 | +5.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,789 | €28,550 | +€13,761 | +93.0% |
| Operating profit (loss) | 9901 | €1,449 | €14,539 | +€13,090 | +903.2% |
| Financial income | 75/76B | €182 | €572 | +€390 | +214.4% |
| Recurring financial income | 75 | €182 | €572 | +€390 | +214.4% |
| Financial charges | 65/66B | €13,937 | €13,294 | -€643 | -4.6% |
| Recurring financial charges | 65 | €13,937 | €13,294 | -€643 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,305 | €1,818 | +€14,123 | |
| Income taxes | 67/77 | €55 | -€55 | -€109 | |
| Profit (loss) for the period | 9904 | -€12,360 | €1,872 | +€14,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,360 | €1,872 | +€14,232 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.