MAM’S: 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.
MAM’S
Largest movements
- Receivables within one year +€37,654
up €37,654 (+96.0%), from €39,233 to €76,887
of which Trade receivables: +€53,765
- Receivables after one year +€14,530
up €14,530 (+48.4%), from €30,000 to €44,530
- Cash -€7,598
down €7,598 (-14.5%), from €52,517 to €44,918
mainly Receivables within one year (-€37,654) and Receivables after one year (-€14,530)
- Tangible fixed assets -€1,883
down €1,883 (-29.7%), from €6,337 to €4,454
of which Plant, machinery and equipment: -€2,162
- Trade debts +€49,396
new in 2024: €49,396
- Tax, wage and social debts -€11,484
no longer reported in 2024 (was €11,484)
- Accrued charges and deferred income +€8,690
new in 2024: €8,690
- Debts after one year -€2,422
no longer reported in 2024 (was €2,422)
- Contributions +€2,000
up €2,000 (+10.0%), from €20,000 to €22,000
- Staff costs +€25,373
up €25,373 (+20.4%), from €124,534 to €149,908
- Depreciation -€11,411
down €11,411 (-82.7%), from €13,806 to €2,395
- Gross operating margin +€11,025
up €11,025 (+7.2%), from €152,239 to €163,265
- Other operating charges +€6,242
up €6,242 (+190.8%), from €3,271 to €9,513
- Taxes -€2,692
no longer reported in 2024 (was €2,692)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,433 | €182,769 | +€44,336 | +32.0% |
| Fixed assets | 21/28 | €10,337 | €8,454 | -€1,883 | -18.2% |
| Tangible fixed assets | 22/27 | €6,337 | €4,454 | -€1,883 | -29.7% |
| Land and buildings | 22 | - | €510 | +€510 | |
| Plant, machinery and equipment | 23 | €5,502 | €3,340 | -€2,162 | -39.3% |
| Furniture and vehicles | 24 | €658 | €516 | -€142 | -21.6% |
| Other tangible fixed assets | 26 | €177 | €88 | -€88 | -50.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €128,096 | €174,315 | +€46,219 | +36.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €44,530 | +€14,530 | +48.4% |
| Other amounts receivable | 291 | €30,000 | €44,530 | +€14,530 | +48.4% |
| Stocks and contracts in progress | 3 | €6,347 | €6,347 | = | 0.0% |
| Stocks | 30/36 | €6,347 | €6,347 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,233 | €76,887 | +€37,654 | +96.0% |
| Trade receivables | 40 | €6,000 | €59,765 | +€53,765 | +896.1% |
| Other amounts receivable | 41 | €33,233 | €17,121 | -€16,111 | -48.5% |
| Cash at bank and in hand | 54/58 | €52,517 | €44,918 | -€7,598 | -14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,633 | +€1,633 | |
| Total equity and liabilities | 10/49 | €138,433 | €182,769 | +€44,336 | +32.0% |
| Equity | 10/15 | €124,527 | €124,683 | +€156 | +0.1% |
| Contributions | 10/11 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,000 | - | -€2,000 | |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €102,527 | €102,683 | +€156 | +0.2% |
| Amounts payable | 17/49 | €13,906 | €58,086 | +€44,180 | +317.7% |
| Amounts payable after more than one year | 17 | €2,422 | - | -€2,422 | |
| Other amounts payable | 178/9 | €2,422 | - | -€2,422 | |
| Amounts payable within one year | 42/48 | €11,484 | €49,396 | +€37,911 | +330.1% |
| Trade debts | 44 | - | €49,396 | +€49,396 | |
| Suppliers | 440/4 | - | €49,396 | +€49,396 | |
| Taxes, remuneration and social security | 45 | €11,484 | - | -€11,484 | |
| Remuneration and social security | 454/9 | €11,484 | - | -€11,484 | |
| Accrued charges and deferred income | 492/3 | - | €8,690 | +€8,690 | |
| Remuneration, social security and pensions | 62 | €124,534 | €149,908 | +€25,373 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,806 | €2,395 | -€11,411 | -82.7% |
| Other operating charges | 640/8 | €3,271 | €9,513 | +€6,242 | +190.8% |
| Gross operating margin | 9900 | €152,239 | €163,265 | +€11,025 | +7.2% |
| Operating profit (loss) | 9901 | €10,628 | €1,449 | -€9,179 | -86.4% |
| Financial income | 75/76B | €1,647 | €908 | -€739 | -44.9% |
| Recurring financial income | 75 | €1,629 | €904 | -€725 | -44.5% |
| Non-recurring financial income | 76B | €18 | €4 | -€14 | -79.6% |
| Financial charges | 65/66B | €1,863 | €2,200 | +€337 | +18.1% |
| Recurring financial charges | 65 | €1,863 | €2,200 | +€337 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €10,411 | €156 | -€10,255 | -98.5% |
| Income taxes | 67/77 | €2,692 | - | -€2,692 | |
| Profit (loss) for the period | 9904 | €7,719 | €156 | -€7,562 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,719 | €156 | -€7,562 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.