MAMBO: what changed
Two fiscal 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.
MAMBO
Largest movements
- Cash -€48,170
down €48,170 (-67.2%), from €71,690 to €23,520
mainly Investment in fixed assets (net) (-€62,214) and Contributions, distributions and other (-€53,359)
- Tangible fixed assets +€45,532
up €45,532 (+17.8%), from €256,154 to €301,686
of which Land and buildings: +€42,603
- Deferred charges and accrued income -€4,828
no longer reported in 2025 (was €4,828)
- Receivables within one year +€4,261
up €4,261 (+30.0%), from €14,195 to €18,456
of which Trade receivables: +€2,352
- Investment grants +€18,641
new in 2025: €18,641
- Debts after one year -€18,499
down €18,499 (-9.0%), from €204,418 to €185,919
- Reserves -€17,900
down €17,900 (-19.5%), from €91,790 to €73,889
of which Distributable reserves: -€17,900
- Provisions +€4,660
new in 2025: €4,660
- Staff costs +€23,180
up €23,180 (+107.3%), from €21,599 to €44,779
- Taxes -€4,753
down €4,753 (-26.6%), from €17,900 to €13,147
- Depreciation +€2,325
up €2,325 (+16.2%), from €14,357 to €16,682
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.
Cash bridge derived
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 | €346,868 | €343,662 | -€3,205 | -0.9% |
| Fixed assets | 21/28 | €256,154 | €301,686 | +€45,532 | +17.8% |
| Tangible fixed assets | 22/27 | €256,154 | €301,686 | +€45,532 | +17.8% |
| Land and buildings | 22 | €247,169 | €289,772 | +€42,603 | +17.2% |
| Plant, machinery and equipment | 23 | €1,076 | €830 | -€246 | -22.8% |
| Furniture and vehicles | 24 | €7,909 | €11,083 | +€3,174 | +40.1% |
| Current assets | 29/58 | €90,713 | €41,976 | -€48,737 | -53.7% |
| Amounts receivable within one year | 40/41 | €14,195 | €18,456 | +€4,261 | +30.0% |
| Trade receivables | 40 | €4,151 | €6,503 | +€2,352 | +56.7% |
| Other amounts receivable | 41 | €10,044 | €11,953 | +€1,909 | +19.0% |
| Cash at bank and in hand | 54/58 | €71,690 | €23,520 | -€48,170 | -67.2% |
| Deferred charges and accrued income | 490/1 | €4,828 | - | -€4,828 | |
| Total equity and liabilities | 10/49 | €346,868 | €343,662 | -€3,205 | -0.9% |
| Equity | 10/15 | €111,790 | €112,530 | +€741 | +0.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €91,790 | €73,889 | -€17,900 | -19.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €89,790 | €71,889 | -€17,900 | -19.9% |
| Investment grants | 15 | - | €18,641 | +€18,641 | |
| Provisions and deferred taxes | 16 | - | €4,660 | +€4,660 | |
| Deferred taxes | 168 | - | €4,660 | +€4,660 | |
| Amounts payable | 17/49 | €235,078 | €226,472 | -€8,606 | -3.7% |
| Amounts payable after more than one year | 17 | €204,418 | €185,919 | -€18,499 | -9.0% |
| Financial debts | 170/4 | €204,418 | €185,919 | -€18,499 | -9.0% |
| Amounts payable within one year | 42/48 | €30,597 | €37,229 | +€6,632 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €18,303 | €18,499 | +€196 | +1.1% |
| Trade debts | 44 | €4,447 | €4,758 | +€312 | +7.0% |
| Suppliers | 440/4 | €4,447 | €4,758 | +€312 | +7.0% |
| Taxes, remuneration and social security | 45 | €7,847 | €10,682 | +€2,835 | +36.1% |
| Taxes | 450/3 | €5,111 | €4,879 | -€232 | -4.5% |
| Remuneration and social security | 454/9 | €2,736 | €5,803 | +€3,067 | +112.1% |
| Other amounts payable | 47/48 | - | €3,289 | +€3,289 | |
| Accrued charges and deferred income | 492/3 | €64 | €3,324 | +€3,261 | +5132.5% |
| Remuneration, social security and pensions | 62 | €21,599 | €44,779 | +€23,180 | +107.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,357 | €16,682 | +€2,325 | +16.2% |
| Other operating charges | 640/8 | €2,371 | €2,437 | +€66 | +2.8% |
| Gross operating margin | 9900 | €131,410 | €132,516 | +€1,105 | +0.8% |
| Operating profit (loss) | 9901 | €93,082 | €68,617 | -€24,465 | -26.3% |
| Financial income | 75/76B | €2 | €981 | +€979 | +45112.0% |
| Recurring financial income | 75 | €2 | €981 | +€979 | +45112.0% |
| Financial charges | 65/66B | €2,741 | €2,597 | -€144 | -5.3% |
| Recurring financial charges | 65 | €2,741 | €2,597 | -€144 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €90,344 | €67,002 | -€23,342 | -25.8% |
| Transfer from deferred taxes | 780 | - | €245 | +€245 | |
| Income taxes | 67/77 | €17,900 | €13,147 | -€4,753 | -26.6% |
| Profit (loss) for the period | 9904 | €72,444 | €54,100 | -€18,344 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,444 | €54,100 | -€18,344 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.