MAMBAUT: 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.
MAMBAUT
Largest movements
- Stocks and contracts -€690,799
no longer reported in 2025 (was €690,799)
- Cash +€152,100
up €152,100 (+3,824%), from €3,977 to €156,078
mainly Stocks and contracts (+€690,799) and Net result for the year (+€184,063)
- Receivables within one year +€15,120
new in 2025: €15,120
of which Other amounts receivable: +€12,808
- Debts after one year -€629,027
no longer reported in 2025 (was €629,027)
- Profit (loss) carried forward +€184,063
up €184,063, from -€145,765 to €38,298
- Other debts -€71,695
down €71,695 (-44.3%), from €161,830 to €90,135
- Trade debts -€22,851
down €22,851 (-95.3%), from €23,983 to €1,131
- Tax, wage and social debts +€18,467
up €18,467 (+2,632%), from €702 to €19,168
- Gross operating margin +€294,396
up €294,396, from -€39,236 to €255,160
- Financial charges +€23,635
up €23,635 (+84.0%), from €28,151 to €51,786
- Taxes +€9,575
new in 2025: €9,575
- Other operating charges -€9,067
down €9,067 (-48.2%), from €18,802 to €9,735
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 | €694,776 | €173,733 | -€521,043 | -75.0% |
| Current assets | 29/58 | €694,776 | €173,733 | -€521,043 | -75.0% |
| Stocks and contracts in progress | 3 | €690,799 | - | -€690,799 | |
| Stocks | 30/36 | €690,799 | - | -€690,799 | |
| Amounts receivable within one year | 40/41 | - | €15,120 | +€15,120 | |
| Trade receivables | 40 | - | €2,313 | +€2,313 | |
| Other amounts receivable | 41 | - | €12,808 | +€12,808 | |
| Cash at bank and in hand | 54/58 | €3,977 | €156,078 | +€152,100 | +3,824% |
| Deferred charges and accrued income | 490/1 | - | €2,535 | +€2,535 | |
| Total equity and liabilities | 10/49 | €694,776 | €173,733 | -€521,043 | -75.0% |
| Equity | 10/15 | -€120,765 | €63,298 | +€184,063 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,765 | €38,298 | +€184,063 | |
| Amounts payable | 17/49 | €815,541 | €110,435 | -€705,106 | -86.5% |
| Amounts payable after more than one year | 17 | €629,027 | - | -€629,027 | |
| Financial debts | 170/4 | €629,027 | - | -€629,027 | |
| Amounts payable within one year | 42/48 | €186,514 | €110,435 | -€76,079 | -40.8% |
| Trade debts | 44 | €23,983 | €1,131 | -€22,851 | -95.3% |
| Suppliers | 440/4 | €23,983 | €1,131 | -€22,851 | -95.3% |
| Taxes, remuneration and social security | 45 | €702 | €19,168 | +€18,467 | +2,632% |
| Taxes | 450/3 | €702 | €19,168 | +€18,467 | +2,632% |
| Other amounts payable | 47/48 | €161,830 | €90,135 | -€71,695 | -44.3% |
| Other operating charges | 640/8 | €18,802 | €9,735 | -€9,067 | -48.2% |
| Gross operating margin | 9900 | -€39,236 | €255,160 | +€294,396 | |
| Operating profit (loss) | 9901 | -€58,038 | €245,425 | +€303,463 | |
| Financial charges | 65/66B | €28,151 | €51,786 | +€23,635 | +84.0% |
| Recurring financial charges | 65 | €28,151 | €51,786 | +€23,635 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,189 | €193,638 | +€279,828 | |
| Income taxes | 67/77 | - | €9,575 | +€9,575 | |
| Profit (loss) for the period | 9904 | -€86,189 | €184,063 | +€270,252 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,189 | €184,063 | +€270,252 |
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 13 October 2026 via checked.be.