MAMA THAI: 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.
MAMA THAI
Largest movements
- Receivables within one year -€209,537
down €209,537 (-48.1%), from €435,455 to €225,918
of which Other amounts receivable: -€193,414
- Tangible fixed assets -€39,107
down €39,107 (-12.9%), from €303,205 to €264,098
of which Furniture and vehicles: -€23,046
- Cash -€17,988
down €17,988 (-25.8%), from €69,850 to €51,861
mainly Contributions, distributions and other (-€246,679) and Investment in fixed assets (net) (-€44,980)
- Reserves -€162,843
down €162,843 (-35.5%), from €458,300 to €295,457
of which Distributable reserves: -€162,843
- Other debts -€44,765
down €44,765 (-96.7%), from €46,314 to €1,549
- Tax, wage and social debts -€30,369
down €30,369 (-49.8%), from €60,961 to €30,592
of which Taxes: -€35,537
- Debts after one year -€22,196
down €22,196 (-33.3%), from €66,640 to €44,444
- Trade debts -€15,164
down €15,164 (-11.4%), from €132,922 to €117,758
- Gross operating margin -€67,609
down €67,609 (-16.4%), from €413,355 to €345,746
- Taxes -€16,288
down €16,288 (-30.6%), from €53,282 to €36,994
- Financial charges -€9,058
down €9,058 (-35.5%), from €25,537 to €16,480
of which Non-recurring financial charges: -€8,026
- Staff costs -€8,521
down €8,521 (-5.9%), from €145,118 to €136,596
- Financial income +€4,927
up €4,927 (+35.2%), from €13,990 to €18,918
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 | €872,052 | €605,912 | -€266,140 | -30.5% |
| Fixed assets | 21/28 | €305,905 | €266,798 | -€39,107 | -12.8% |
| Tangible fixed assets | 22/27 | €303,205 | €264,098 | -€39,107 | -12.9% |
| Plant, machinery and equipment | 23 | €82,428 | €68,197 | -€14,231 | -17.3% |
| Furniture and vehicles | 24 | €54,194 | €31,148 | -€23,046 | -42.5% |
| Other tangible fixed assets | 26 | €166,583 | €164,752 | -€1,831 | -1.1% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €566,147 | €339,115 | -€227,033 | -40.1% |
| Stocks and contracts in progress | 3 | €51,181 | €54,971 | +€3,790 | +7.4% |
| Stocks | 30/36 | €51,181 | €54,971 | +€3,790 | +7.4% |
| Amounts receivable within one year | 40/41 | €435,455 | €225,918 | -€209,537 | -48.1% |
| Trade receivables | 40 | €25,854 | €9,731 | -€16,123 | -62.4% |
| Other amounts receivable | 41 | €409,601 | €216,187 | -€193,414 | -47.2% |
| Cash at bank and in hand | 54/58 | €69,850 | €51,861 | -€17,988 | -25.8% |
| Deferred charges and accrued income | 490/1 | €9,662 | €6,364 | -€3,298 | -34.1% |
| Total equity and liabilities | 10/49 | €872,052 | €605,912 | -€266,140 | -30.5% |
| Equity | 10/15 | €477,216 | €314,373 | -€162,843 | -34.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €458,300 | €295,457 | -€162,843 | -35.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €458,300 | €295,457 | -€162,843 | -35.5% |
| Profit (loss) carried forward | 14 | €366 | €366 | = | 0.0% |
| Amounts payable | 17/49 | €394,836 | €291,539 | -€103,297 | -26.2% |
| Amounts payable after more than one year | 17 | €66,640 | €44,444 | -€22,196 | -33.3% |
| Financial debts | 170/4 | €66,640 | €44,444 | -€22,196 | -33.3% |
| Amounts payable within one year | 42/48 | €328,196 | €247,095 | -€81,101 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €22,999 | €22,196 | -€803 | -3.5% |
| Financial debts | 43 | €65,000 | €75,000 | +€10,000 | +15.4% |
| Credit institutions | 430/8 | €65,000 | €75,000 | +€10,000 | +15.4% |
| Trade debts | 44 | €132,922 | €117,758 | -€15,164 | -11.4% |
| Suppliers | 440/4 | €132,922 | €117,758 | -€15,164 | -11.4% |
| Taxes, remuneration and social security | 45 | €60,961 | €30,592 | -€30,369 | -49.8% |
| Taxes | 450/3 | €53,726 | €18,189 | -€35,537 | -66.1% |
| Remuneration and social security | 454/9 | €7,235 | €12,403 | +€5,168 | +71.4% |
| Other amounts payable | 47/48 | €46,314 | €1,549 | -€44,765 | -96.7% |
| Non-recurring operating income | 76A | - | €2,330 | +€2,330 | |
| Remuneration, social security and pensions | 62 | €145,118 | €136,596 | -€8,521 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,516 | €84,087 | +€571 | +0.7% |
| Other operating charges | 640/8 | €5,484 | €6,669 | +€1,185 | +21.6% |
| Gross operating margin | 9900 | €413,355 | €345,746 | -€67,609 | -16.4% |
| Operating profit (loss) | 9901 | €179,236 | €118,393 | -€60,843 | -33.9% |
| Financial income | 75/76B | €13,990 | €18,918 | +€4,927 | +35.2% |
| Recurring financial income | 75 | €13,990 | €18,918 | +€4,927 | +35.2% |
| Financial charges | 65/66B | €25,537 | €16,480 | -€9,058 | -35.5% |
| Recurring financial charges | 65 | €17,511 | €16,480 | -€1,031 | -5.9% |
| Non-recurring financial charges | 66B | €8,026 | €0 | -€8,026 | -100% |
| Profit (loss) for the period before taxes | 9903 | €167,689 | €120,831 | -€46,859 | -27.9% |
| Income taxes | 67/77 | €53,282 | €36,994 | -€16,288 | -30.6% |
| Profit (loss) for the period | 9904 | €114,407 | €83,836 | -€30,571 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,407 | €83,836 | -€30,571 | -26.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.