MAMAMO: 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.
MAMAMO
Largest movements
- Tangible fixed assets -€27,627
down €27,627 (-6.1%), from €455,385 to €427,758
of which Land and buildings: -€21,454
- Debts after one year -€25,439
down €25,439 (-11.4%), from €222,593 to €197,153
- Reserves -€9,023
down €9,023 (-25.3%), from €35,596 to €26,573
- Advances received +€8,828
up €8,828 (+1,792%), from €493 to €9,321
- Gross operating margin -€7,909
down €7,909 (-11.7%), from €67,462 to €59,553
- Staff costs +€4,190
up €4,190 (+16.0%), from €26,193 to €30,383
- Depreciation -€2,543
down €2,543 (-7.8%), from €32,492 to €29,949
- Financial charges -€956
down €956 (-17.4%), from €5,502 to €4,546
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 | €486,955 | €459,630 | -€27,326 | -5.6% |
| Fixed assets | 21/28 | €455,587 | €427,758 | -€27,829 | -6.1% |
| Intangible fixed assets | 21 | €202 | €0 | -€202 | -100% |
| Tangible fixed assets | 22/27 | €455,385 | €427,758 | -€27,627 | -6.1% |
| Land and buildings | 22 | €418,755 | €397,301 | -€21,454 | -5.1% |
| Plant, machinery and equipment | 23 | €18,976 | €15,729 | -€3,247 | -17.1% |
| Furniture and vehicles | 24 | €17,655 | €14,729 | -€2,926 | -16.6% |
| Current assets | 29/58 | €31,368 | €31,872 | +€504 | +1.6% |
| Stocks and contracts in progress | 3 | €6,483 | €5,805 | -€678 | -10.5% |
| Stocks | 30/36 | €6,483 | €5,805 | -€678 | -10.5% |
| Amounts receivable within one year | 40/41 | €2,593 | €4,675 | +€2,082 | +80.3% |
| Trade receivables | 40 | €2,397 | €4,374 | +€1,977 | +82.5% |
| Other amounts receivable | 41 | €196 | €301 | +€105 | +53.4% |
| Cash at bank and in hand | 54/58 | €22,291 | €21,392 | -€900 | -4.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €486,955 | €459,630 | -€27,326 | -5.6% |
| Equity | 10/15 | €85,596 | €76,573 | -€9,023 | -10.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €35,596 | €26,573 | -€9,023 | -25.3% |
| Distributable reserves | 133 | €35,596 | €26,573 | -€9,023 | -25.3% |
| Amounts payable | 17/49 | €401,359 | €383,057 | -€18,302 | -4.6% |
| Amounts payable after more than one year | 17 | €222,593 | €197,153 | -€25,439 | -11.4% |
| Financial debts | 170/4 | €222,593 | €197,153 | -€25,439 | -11.4% |
| Amounts payable within one year | 42/48 | €178,766 | €185,904 | +€7,137 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €7,344 | €10,777 | +€3,433 | +46.7% |
| Trade debts | 44 | €13,859 | €12,081 | -€1,778 | -12.8% |
| Suppliers | 440/4 | €13,859 | €12,081 | -€1,778 | -12.8% |
| Advances received on contracts in progress | 46 | €493 | €9,321 | +€8,828 | +1,792% |
| Taxes, remuneration and social security | 45 | €5,826 | €4,894 | -€932 | -16.0% |
| Taxes | 450/3 | €3,475 | €2,398 | -€1,077 | -31.0% |
| Remuneration and social security | 454/9 | €2,351 | €2,496 | +€145 | +6.2% |
| Other amounts payable | 47/48 | €151,244 | €148,831 | -€2,414 | -1.6% |
| Non-recurring operating income | 76A | €186 | €0 | -€186 | -100% |
| Remuneration, social security and pensions | 62 | €26,193 | €30,383 | +€4,190 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,492 | €29,949 | -€2,543 | -7.8% |
| Other operating charges | 640/8 | €3,275 | €3,534 | +€259 | +7.9% |
| Gross operating margin | 9900 | €67,462 | €59,553 | -€7,909 | -11.7% |
| Operating profit (loss) | 9901 | €5,502 | -€4,314 | -€9,816 | |
| Financial income | 75/76B | €138 | €13 | -€125 | -90.8% |
| Recurring financial income | 75 | €138 | €13 | -€125 | -90.8% |
| Financial charges | 65/66B | €5,502 | €4,546 | -€956 | -17.4% |
| Recurring financial charges | 65 | €5,502 | €4,546 | -€956 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €138 | -€8,847 | -€8,985 | |
| Income taxes | 67/77 | €137 | €176 | +€39 | +28.7% |
| Profit (loss) for the period | 9904 | €1 | -€9,023 | -€9,025 | |
| Profit (loss) for the period to be appropriated | 9905 | €1 | -€9,023 | -€9,025 |
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 19 October 2026 via checked.be.