MAMAURI: 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.
MAMAURI
Largest movements
- Stocks and contracts +€26,307
up €26,307 (+13.4%), from €195,765 to €222,072
- Cash +€15,541
up €15,541 (+85.1%), from €18,265 to €33,806
mainly Net result for the year (+€35,781) and Trade debts (+€11,629)
- Tangible fixed assets -€6,742
down €6,742 (-20.1%), from €33,605 to €26,863
of which Land and buildings: -€3,783
- Profit (loss) carried forward +€35,781
up €35,781 (+72.0%), from -€49,668 to -€13,887
- Other debts -€16,141
down €16,141 (-20.0%), from €80,600 to €64,460
- Trade debts +€11,629
up €11,629 (+140%), from €8,301 to €19,930
- Gross operating margin +€19,595
up €19,595 (+79.8%), from €24,545 to €44,140
- Depreciation -€458
down €458 (-4.5%), from €10,160 to €9,701
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 | €262,166 | €296,755 | +€34,589 | +13.2% |
| Fixed assets | 21/28 | €43,153 | €33,910 | -€9,242 | -21.4% |
| Intangible fixed assets | 21 | €7,747 | €5,247 | -€2,500 | -32.3% |
| Tangible fixed assets | 22/27 | €33,605 | €26,863 | -€6,742 | -20.1% |
| Land and buildings | 22 | €24,338 | €20,556 | -€3,783 | -15.5% |
| Plant, machinery and equipment | 23 | €347 | €401 | +€54 | +15.7% |
| Furniture and vehicles | 24 | €5,855 | €3,543 | -€2,312 | -39.5% |
| Other tangible fixed assets | 26 | €3,066 | €2,364 | -€702 | -22.9% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €219,014 | €262,845 | +€43,831 | +20.0% |
| Stocks and contracts in progress | 3 | €195,765 | €222,072 | +€26,307 | +13.4% |
| Stocks | 30/36 | €195,765 | €222,072 | +€26,307 | +13.4% |
| Amounts receivable within one year | 40/41 | €2,507 | €4,491 | +€1,983 | +79.1% |
| Trade receivables | 40 | €2,192 | €3,807 | +€1,615 | +73.7% |
| Other amounts receivable | 41 | €316 | €684 | +€368 | +116% |
| Cash at bank and in hand | 54/58 | €18,265 | €33,806 | +€15,541 | +85.1% |
| Deferred charges and accrued income | 490/1 | €2,477 | €2,477 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €262,166 | €296,755 | +€34,589 | +13.2% |
| Equity | 10/15 | €78,947 | €114,728 | +€35,781 | +45.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €8,615 | €8,615 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €6,231 | €6,231 | = | 0.0% |
| Distributable reserves | 133 | €2,384 | €2,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,668 | -€13,887 | +€35,781 | +72.0% |
| Amounts payable | 17/49 | €183,219 | €182,027 | -€1,192 | -0.7% |
| Amounts payable after more than one year | 17 | €80,003 | €80,003 | = | 0.0% |
| Other amounts payable | 178/9 | €80,003 | €80,003 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,216 | €102,024 | -€1,192 | -1.2% |
| Trade debts | 44 | €8,301 | €19,930 | +€11,629 | +140% |
| Suppliers | 440/4 | €8,301 | €19,930 | +€11,629 | +140% |
| Advances received on contracts in progress | 46 | €4,826 | €5,571 | +€746 | +15.5% |
| Taxes, remuneration and social security | 45 | €9,489 | €12,063 | +€2,574 | +27.1% |
| Taxes | 450/3 | €9,489 | €12,063 | +€2,574 | +27.1% |
| Other amounts payable | 47/48 | €80,600 | €64,460 | -€16,141 | -20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,160 | €9,701 | -€458 | -4.5% |
| Other operating charges | 640/8 | €1,467 | €1,677 | +€210 | +14.3% |
| Gross operating margin | 9900 | €24,545 | €44,140 | +€19,595 | +79.8% |
| Operating profit (loss) | 9901 | €12,918 | €32,761 | +€19,843 | +154% |
| Financial income | 75/76B | €4,278 | €4,154 | -€124 | -2.9% |
| Recurring financial income | 75 | €4,278 | €4,154 | -€124 | -2.9% |
| Financial charges | 65/66B | €651 | €995 | +€344 | +52.8% |
| Recurring financial charges | 65 | €651 | €995 | +€344 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €16,544 | €35,920 | +€19,376 | +117% |
| Income taxes | 67/77 | €144 | €139 | -€5 | -3.2% |
| Profit (loss) for the period | 9904 | €16,401 | €35,781 | +€19,380 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €16,401 | €35,781 | +€19,380 | +118% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.