MAMALOE: 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.
MAMALOE
Largest movements
- Cash +€23,638
up €23,638 (+112%), from €21,044 to €44,682
mainly Net result for the year (+€33,085) and Other debts (+€21,915)
- Tangible fixed assets -€10,984
down €10,984 (-6.7%), from €163,256 to €152,273
of which Land and buildings: -€10,464
- Receivables within one year -€4,307
down €4,307 (-41.7%), from €10,339 to €6,032
of which Other amounts receivable: -€8,085
- Other debts +€21,915
up €21,915 (+87.7%), from €25,000 to €46,915
- Current portion of long-term debt -€11,981
down €11,981 (-66.9%), from €17,921 to €5,940
- Debts after one year -€5,940
down €5,940 (-10.0%), from €59,671 to €53,731
- Reserves +€5,339
up €5,339 (+17.5%), from €30,449 to €35,788
of which Distributable reserves: +€7,000
- Accrued charges and deferred income +€5,068
new in 2025: €5,068
- Staff costs -€19,883
down €19,883 (-23.2%), from €85,626 to €65,743
- Gross operating margin -€11,882
down €11,882 (-9.2%), from €129,410 to €117,529
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 | €194,640 | €203,522 | +€8,882 | +4.6% |
| Fixed assets | 21/28 | €163,256 | €152,273 | -€10,984 | -6.7% |
| Tangible fixed assets | 22/27 | €163,256 | €152,273 | -€10,984 | -6.7% |
| Land and buildings | 22 | €162,737 | €152,273 | -€10,464 | -6.4% |
| Plant, machinery and equipment | 23 | €520 | €0 | -€520 | -100% |
| Current assets | 29/58 | €31,383 | €51,249 | +€19,866 | +63.3% |
| Amounts receivable within one year | 40/41 | €10,339 | €6,032 | -€4,307 | -41.7% |
| Trade receivables | 40 | €2,254 | €6,032 | +€3,778 | +168% |
| Other amounts receivable | 41 | €8,085 | €0 | -€8,085 | -100% |
| Cash at bank and in hand | 54/58 | €21,044 | €44,682 | +€23,638 | +112% |
| Deferred charges and accrued income | 490/1 | - | €535 | +€535 | |
| Total equity and liabilities | 10/49 | €194,640 | €203,522 | +€8,882 | +4.6% |
| Equity | 10/15 | €53,101 | €56,186 | +€3,085 | +5.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,449 | €35,788 | +€5,339 | +17.5% |
| Tax-exempt reserves | 132 | €14,949 | €13,288 | -€1,661 | -11.1% |
| Distributable reserves | 133 | €15,500 | €22,500 | +€7,000 | +45.2% |
| Profit (loss) carried forward | 14 | €2,651 | €397 | -€2,254 | -85.0% |
| Provisions and deferred taxes | 16 | €7,698 | €6,842 | -€855 | -11.1% |
| Deferred taxes | 168 | €7,698 | €6,842 | -€855 | -11.1% |
| Amounts payable | 17/49 | €133,841 | €140,493 | +€6,652 | +5.0% |
| Amounts payable after more than one year | 17 | €59,671 | €53,731 | -€5,940 | -10.0% |
| Financial debts | 170/4 | €59,671 | €53,731 | -€5,940 | -10.0% |
| Amounts payable within one year | 42/48 | €74,170 | €81,694 | +€7,524 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €17,921 | €5,940 | -€11,981 | -66.9% |
| Trade debts | 44 | €13,370 | €15,195 | +€1,825 | +13.7% |
| Suppliers | 440/4 | €13,370 | €15,195 | +€1,825 | +13.7% |
| Advances received on contracts in progress | 46 | €2,250 | €1,650 | -€600 | -26.7% |
| Taxes, remuneration and social security | 45 | €15,629 | €11,994 | -€3,635 | -23.3% |
| Taxes | 450/3 | €1,531 | €610 | -€921 | -60.2% |
| Remuneration and social security | 454/9 | €14,098 | €11,384 | -€2,714 | -19.2% |
| Other amounts payable | 47/48 | €25,000 | €46,915 | +€21,915 | +87.7% |
| Accrued charges and deferred income | 492/3 | - | €5,068 | +€5,068 | |
| Remuneration, social security and pensions | 62 | €85,626 | €65,743 | -€19,883 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,065 | €13,438 | +€374 | +2.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €129,410 | €117,529 | -€11,882 | -9.2% |
| Operating profit (loss) | 9901 | €30,214 | €37,827 | +€7,613 | +25.2% |
| Financial income | 75/76B | €49 | €108 | +€59 | +120% |
| Recurring financial income | 75 | €49 | €108 | +€59 | +120% |
| Financial charges | 65/66B | €4,468 | €3,564 | -€904 | -20.2% |
| Recurring financial charges | 65 | €4,468 | €3,564 | -€904 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €25,796 | €34,372 | +€8,576 | +33.2% |
| Transfer from deferred taxes | 780 | €855 | €855 | = | 0.0% |
| Income taxes | 67/77 | €1,546 | €2,142 | +€596 | +38.6% |
| Profit (loss) for the period | 9904 | €25,105 | €33,085 | +€7,980 | +31.8% |
| Transfer from tax-exempt reserves | 789 | €1,661 | €1,661 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,766 | €34,746 | +€7,980 | +29.8% |
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 24 October 2026 via checked.be.