MAMA MIA: what changed
MAMA MIA
Largest movements
- Tangible fixed assets +€16,896
up €16,896 (+138%), from €12,212 to €29,109
of which Plant, machinery and equipment: +€11,904
- Cash +€13,750
up €13,750 (+21.0%), from €65,443 to €79,193
mainly Trade debts (+€14,361) and Net result for the year (+€13,162)
- Stocks and contracts -€4,592
down €4,592 (-90.7%), from €5,063 to €471
- Trade debts +€14,361
up €14,361 (+777%), from €1,847 to €16,208
- Reserves +€13,162
up €13,162 (+65.6%), from €20,050 to €33,212
- Tax, wage and social debts -€5,265
down €5,265 (-22.9%), from €22,972 to €17,707
of which Remuneration and social security: -€5,242
- Other debts +€4,050
up €4,050 (+16.2%), from €24,933 to €28,982
- Staff costs +€14,090
up €14,090 (+37.3%), from €37,814 to €51,904
- Gross operating margin +€9,826
up €9,826 (+13.6%), from €72,050 to €81,876
- Depreciation +€3,227
up €3,227 (+98.5%), from €3,277 to €6,504
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 | €89,317 | €115,624 | +€26,307 | +29.5% |
| Fixed assets | 21/28 | €12,462 | €29,359 | +€16,896 | +136% |
| Tangible fixed assets | 22/27 | €12,212 | €29,109 | +€16,896 | +138% |
| Land and buildings | 22 | €8,637 | €8,720 | +€82 | +1.0% |
| Plant, machinery and equipment | 23 | €2,531 | €14,435 | +€11,904 | +470% |
| Furniture and vehicles | 24 | €1,044 | €5,954 | +€4,910 | +470% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €76,854 | €86,265 | +€9,411 | +12.2% |
| Stocks and contracts in progress | 3 | €5,063 | €471 | -€4,592 | -90.7% |
| Stocks | 30/36 | €5,063 | €471 | -€4,592 | -90.7% |
| Amounts receivable within one year | 40/41 | €4,727 | €4,872 | +€144 | +3.1% |
| Trade receivables | 40 | - | €1,233 | +€1,233 | |
| Other amounts receivable | 41 | €4,727 | €3,638 | -€1,089 | -23.0% |
| Cash at bank and in hand | 54/58 | €65,443 | €79,193 | +€13,750 | +21.0% |
| Deferred charges and accrued income | 490/1 | €1,621 | €1,729 | +€108 | +6.7% |
| Total equity and liabilities | 10/49 | €89,317 | €115,624 | +€26,307 | +29.5% |
| Equity | 10/15 | €39,564 | €52,726 | +€13,162 | +33.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €20,050 | €33,212 | +€13,162 | +65.6% |
| Distributable reserves | 133 | €20,050 | €33,212 | +€13,162 | +65.6% |
| Profit (loss) carried forward | 14 | €19,014 | €19,014 | = | 0.0% |
| Amounts payable | 17/49 | €49,752 | €62,898 | +€13,145 | +26.4% |
| Amounts payable within one year | 42/48 | €49,752 | €62,898 | +€13,145 | +26.4% |
| Trade debts | 44 | €1,847 | €16,208 | +€14,361 | +777% |
| Suppliers | 440/4 | €1,847 | €16,208 | +€14,361 | +777% |
| Taxes, remuneration and social security | 45 | €22,972 | €17,707 | -€5,265 | -22.9% |
| Taxes | 450/3 | €8,212 | €8,189 | -€23 | -0.3% |
| Remuneration and social security | 454/9 | €14,760 | €9,518 | -€5,242 | -35.5% |
| Other amounts payable | 47/48 | €24,933 | €28,982 | +€4,050 | +16.2% |
| Remuneration, social security and pensions | 62 | €37,814 | €51,904 | +€14,090 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,277 | €6,504 | +€3,227 | +98.5% |
| Other operating charges | 640/8 | €1,291 | €777 | -€514 | -39.8% |
| Gross operating margin | 9900 | €72,050 | €81,876 | +€9,826 | +13.6% |
| Operating profit (loss) | 9901 | €29,668 | €22,691 | -€6,977 | -23.5% |
| Financial income | 75/76B | €127 | €208 | +€82 | +64.4% |
| Recurring financial income | 75 | €127 | €208 | +€82 | +64.4% |
| Financial charges | 65/66B | €2,743 | €3,276 | +€533 | +19.4% |
| Recurring financial charges | 65 | €2,743 | €3,276 | +€533 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €27,052 | €19,623 | -€7,429 | -27.5% |
| Income taxes | 67/77 | €6,886 | €6,461 | -€424 | -6.2% |
| Profit (loss) for the period | 9904 | €20,166 | €13,162 | -€7,004 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,166 | €13,162 | -€7,004 | -34.7% |
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 3 November 2026 via checked.be.