MAM Service: 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 Service
Largest movements
- Receivables within one year -€17,911
down €17,911 (-56.1%), from €31,947 to €14,036
of which Trade receivables: -€16,911
- Tangible fixed assets -€9,223
down €9,223 (-66.9%), from €13,784 to €4,561
of which Furniture and vehicles: -€5,684
- Cash -€2,305
down €2,305 (-75.7%), from €3,045 to €740
mainly Net result for the year (-€19,828) and Other debts (-€6,231)
- Profit (loss) carried forward -€19,828
down €19,828 (-705%), from -€2,811 to -€22,639
- Other debts -€6,231
down €6,231 (-17.4%), from €35,895 to €29,664
- Trade debts -€4,181
down €4,181 (-88.3%), from €4,733 to €552
- Tax, wage and social debts +€1,671
up €1,671 (+79.3%), from €2,107 to €3,778
- Other operating charges +€19,624
up €19,624 (+11,646%), from €169 to €19,792
- Taxes -€3,470
down €3,470 (-80.7%), from €4,297 to €828
- Gross operating margin -€1,087
down €1,087 (-10.8%), from €10,054 to €8,967
- Depreciation -€246
down €246 (-2.9%), from €8,350 to €8,105
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 | €49,782 | €21,212 | -€28,570 | -57.4% |
| Fixed assets | 21/28 | €13,784 | €4,561 | -€9,223 | -66.9% |
| Tangible fixed assets | 22/27 | €13,784 | €4,561 | -€9,223 | -66.9% |
| Plant, machinery and equipment | 23 | €7,520 | €3,981 | -€3,539 | -47.1% |
| Furniture and vehicles | 24 | €6,264 | €580 | -€5,684 | -90.7% |
| Current assets | 29/58 | €35,998 | €16,651 | -€19,347 | -53.7% |
| Amounts receivable within one year | 40/41 | €31,947 | €14,036 | -€17,911 | -56.1% |
| Trade receivables | 40 | €30,947 | €14,036 | -€16,911 | -54.6% |
| Other amounts receivable | 41 | €1,000 | - | -€1,000 | |
| Current investments | 50/53 | €1,007 | €1,504 | +€497 | +49.4% |
| Cash at bank and in hand | 54/58 | €3,045 | €740 | -€2,305 | -75.7% |
| Deferred charges and accrued income | 490/1 | - | €371 | +€371 | |
| Total equity and liabilities | 10/49 | €49,782 | €21,212 | -€28,570 | -57.4% |
| Equity | 10/15 | €7,047 | -€12,780 | -€19,828 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Contributions outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Share premium | 1100/10 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,859 | €3,859 | = | 0.0% |
| Distributable reserves | 133 | €3,859 | €3,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,811 | -€22,639 | -€19,828 | -705% |
| Amounts payable | 17/49 | €42,735 | €33,993 | -€8,742 | -20.5% |
| Amounts payable within one year | 42/48 | €42,735 | €33,993 | -€8,742 | -20.5% |
| Trade debts | 44 | €4,733 | €552 | -€4,181 | -88.3% |
| Suppliers | 440/4 | €4,733 | €552 | -€4,181 | -88.3% |
| Taxes, remuneration and social security | 45 | €2,107 | €3,778 | +€1,671 | +79.3% |
| Taxes | 450/3 | €2,107 | €3,778 | +€1,671 | +79.3% |
| Other amounts payable | 47/48 | €35,895 | €29,664 | -€6,231 | -17.4% |
| Non-recurring operating income | 76A | €48 | €1,863 | +€1,816 | +3,814% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,350 | €8,105 | -€246 | -2.9% |
| Other operating charges | 640/8 | €169 | €19,792 | +€19,624 | +11,646% |
| Gross operating margin | 9900 | €10,054 | €8,967 | -€1,087 | -10.8% |
| Operating profit (loss) | 9901 | €1,535 | -€18,930 | -€20,465 | |
| Financial income | 75/76B | €18 | €17 | -€1 | -4.5% |
| Recurring financial income | 75 | €18 | €17 | -€1 | -4.5% |
| Financial charges | 65/66B | €67 | €88 | +€21 | +30.7% |
| Recurring financial charges | 65 | €67 | €88 | +€21 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €1,486 | -€19,000 | -€20,486 | |
| Income taxes | 67/77 | €4,297 | €828 | -€3,470 | -80.7% |
| Profit (loss) for the period | 9904 | -€2,811 | -€19,828 | -€17,017 | -605% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,811 | -€19,828 | -€17,017 | -605% |
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 29 October 2026 via checked.be.