MAM Technics: what changed
MAM Technics
Largest movements
- Receivables within one year -€50,678
down €50,678 (-35.7%), from €142,143 to €91,465
of which Trade receivables: -€36,898
- Cash +€26,153
up €26,153 (+81.6%), from €32,059 to €58,212
mainly Receivables within one year (+€50,678) and Net result for the year (+€32,586)
- Stocks and contracts +€19,910
up €19,910 (+101%), from €19,619 to €39,529
- Tangible fixed assets -€14,131
down €14,131 (-3.7%), from €382,613 to €368,482
of which Land and buildings: -€15,928
- Other debts -€34,232
down €34,232 (-33.7%), from €101,546 to €67,314
- Reserves +€32,586
up €32,586 (+12.3%), from €265,615 to €298,201
of which Distributable reserves: +€32,586
- Debts after one year -€27,534
down €27,534 (-22.6%), from €122,054 to €94,520
- Accrued charges and deferred income +€6,562
new in 2026: €6,562
- Gross operating margin +€29,900
up €29,900 (+52.9%), from €56,476 to €86,375
- Taxes +€9,313
up €9,313 (+227%), from €4,094 to €13,406
- Financial charges +€4,915
up €4,915 (+53.2%), from €9,240 to €14,154
- Financial income +€891
up €891 (+150%), from €596 to €1,487
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,790 | €567,911 | -€20,879 | -3.5% |
| Fixed assets | 21/28 | €382,613 | €368,482 | -€14,131 | -3.7% |
| Tangible fixed assets | 22/27 | €382,613 | €368,482 | -€14,131 | -3.7% |
| Land and buildings | 22 | €371,827 | €355,898 | -€15,928 | -4.3% |
| Plant, machinery and equipment | 23 | €1,623 | €7,947 | +€6,324 | +390% |
| Furniture and vehicles | 24 | €9,164 | €4,637 | -€4,527 | -49.4% |
| Current assets | 29/58 | €206,177 | €199,429 | -€6,748 | -3.3% |
| Stocks and contracts in progress | 3 | €19,619 | €39,529 | +€19,910 | +101% |
| Stocks | 30/36 | €19,619 | €39,529 | +€19,910 | +101% |
| Amounts receivable within one year | 40/41 | €142,143 | €91,465 | -€50,678 | -35.7% |
| Trade receivables | 40 | €114,620 | €77,722 | -€36,898 | -32.2% |
| Other amounts receivable | 41 | €27,523 | €13,742 | -€13,780 | -50.1% |
| Cash at bank and in hand | 54/58 | €32,059 | €58,212 | +€26,153 | +81.6% |
| Deferred charges and accrued income | 490/1 | €12,356 | €10,224 | -€2,132 | -17.3% |
| Total equity and liabilities | 10/49 | €588,790 | €567,911 | -€20,879 | -3.5% |
| Equity | 10/15 | €284,215 | €316,801 | +€32,586 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,615 | €298,201 | +€32,586 | +12.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €265,615 | €298,201 | +€32,586 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €304,575 | €251,110 | -€53,465 | -17.6% |
| Amounts payable after more than one year | 17 | €122,054 | €94,520 | -€27,534 | -22.6% |
| Financial debts | 170/4 | €122,054 | €94,520 | -€27,534 | -22.6% |
| Amounts payable within one year | 42/48 | €182,521 | €150,028 | -€32,493 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €31,796 | €34,611 | +€2,815 | +8.9% |
| Financial debts | 43 | €10,080 | €5,029 | -€5,051 | -50.1% |
| Credit institutions | 430/8 | €10,080 | €5,029 | -€5,051 | -50.1% |
| Trade debts | 44 | €39,035 | €40,900 | +€1,865 | +4.8% |
| Suppliers | 440/4 | €39,035 | €40,900 | +€1,865 | +4.8% |
| Taxes, remuneration and social security | 45 | €63 | €2,174 | +€2,111 | +3,337% |
| Taxes | 450/3 | €63 | €140 | +€77 | +122% |
| Remuneration and social security | 454/9 | - | €2,034 | +€2,034 | |
| Other amounts payable | 47/48 | €101,546 | €67,314 | -€34,232 | -33.7% |
| Accrued charges and deferred income | 492/3 | - | €6,562 | +€6,562 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,590 | €23,437 | -€154 | -0.7% |
| Other operating charges | 640/8 | €3,648 | €4,279 | +€631 | +17.3% |
| Gross operating margin | 9900 | €56,476 | €86,375 | +€29,900 | +52.9% |
| Operating profit (loss) | 9901 | €29,237 | €58,660 | +€29,423 | +101% |
| Financial income | 75/76B | €596 | €1,487 | +€891 | +150% |
| Recurring financial income | 75 | €596 | €1,487 | +€891 | +150% |
| Financial charges | 65/66B | €9,240 | €14,154 | +€4,915 | +53.2% |
| Recurring financial charges | 65 | €9,240 | €14,154 | +€4,915 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €20,593 | €45,992 | +€25,399 | +123% |
| Income taxes | 67/77 | €4,094 | €13,406 | +€9,313 | +227% |
| Profit (loss) for the period | 9904 | €16,499 | €32,586 | +€16,087 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,499 | €32,586 | +€16,087 | +97.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.