MAMECO: 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.
MAMECO
Largest movements
- Stocks and contracts -€13,710
down €13,710 (-40.7%), from €33,665 to €19,955
- Tangible fixed assets -€12,102
no longer reported in 2025 (was €12,102)
- Cash -€10,947
down €10,947 (-40.9%), from €26,793 to €15,846
mainly Other debts (-€16,147) and Trade debts (-€10,447)
- Receivables within one year +€6,619
up €6,619 (+54.1%), from €12,226 to €18,845
of which Trade receivables: +€7,050
- Deferred charges and accrued income -€1,002
no longer reported in 2025 (was €1,002)
- Other debts -€16,147
no longer reported in 2025 (was €16,147)
- Trade debts -€10,447
down €10,447 (-82.4%), from €12,680 to €2,233
- Profit (loss) carried forward -€7,269
down €7,269 (-8.9%), from -€82,081 to -€89,350
- Debts after one year +€1,637
up €1,637 (+2.9%), from €56,763 to €58,400
- Tax, wage and social debts +€1,085
up €1,085 (+181%), from €598 to €1,683
of which Taxes: +€1,085
- Gross operating margin -€23,231
down €23,231, from €19,356 to -€3,875
- Financial charges +€2,186
up €2,186 (+5,321%), from €41 to €2,227
of which Non-recurring financial charges: +€2,185
- Other operating charges +€581
up €581 (+99.4%), from €585 to €1,166
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 | €85,911 | €54,770 | -€31,141 | -36.2% |
| Fixed assets | 21/28 | €12,226 | €124 | -€12,102 | -99.0% |
| Tangible fixed assets | 22/27 | €12,102 | - | -€12,102 | |
| Furniture and vehicles | 24 | €12,102 | - | -€12,102 | |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €73,685 | €54,646 | -€19,040 | -25.8% |
| Stocks and contracts in progress | 3 | €33,665 | €19,955 | -€13,710 | -40.7% |
| Stocks | 30/36 | €33,665 | €19,955 | -€13,710 | -40.7% |
| Amounts receivable within one year | 40/41 | €12,226 | €18,845 | +€6,619 | +54.1% |
| Trade receivables | 40 | €11,750 | €18,800 | +€7,050 | +60.0% |
| Other amounts receivable | 41 | €476 | €45 | -€431 | -90.6% |
| Cash at bank and in hand | 54/58 | €26,793 | €15,846 | -€10,947 | -40.9% |
| Deferred charges and accrued income | 490/1 | €1,002 | - | -€1,002 | |
| Total equity and liabilities | 10/49 | €85,911 | €54,770 | -€31,141 | -36.2% |
| Equity | 10/15 | -€277 | -€7,546 | -€7,269 | -2,628% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,081 | -€89,350 | -€7,269 | -8.9% |
| Amounts payable | 17/49 | €86,188 | €62,315 | -€23,872 | -27.7% |
| Amounts payable after more than one year | 17 | €56,763 | €58,400 | +€1,637 | +2.9% |
| Financial debts | 170/4 | €56,763 | €58,400 | +€1,637 | +2.9% |
| Amounts payable within one year | 42/48 | €29,425 | €3,915 | -€25,510 | -86.7% |
| Trade debts | 44 | €12,680 | €2,233 | -€10,447 | -82.4% |
| Suppliers | 440/4 | €12,680 | €2,233 | -€10,447 | -82.4% |
| Taxes, remuneration and social security | 45 | €598 | €1,683 | +€1,085 | +181% |
| Taxes | 450/3 | €481 | €1,566 | +€1,085 | +225% |
| Remuneration and social security | 454/9 | €117 | €117 | = | 0.0% |
| Other amounts payable | 47/48 | €16,147 | - | -€16,147 | |
| Non-recurring operating income | 76A | €50,626 | - | -€50,626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | - | -€48 | |
| Other operating charges | 640/8 | €585 | €1,166 | +€581 | +99.4% |
| Non-recurring operating charges | 66A | €56,280 | - | -€56,280 | |
| Gross operating margin | 9900 | €19,356 | -€3,875 | -€23,231 | |
| Operating profit (loss) | 9901 | -€37,557 | -€5,042 | +€32,516 | +86.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €41 | €2,227 | +€2,186 | +5,321% |
| Recurring financial charges | 65 | €41 | €43 | +€2 | +4.3% |
| Non-recurring financial charges | 66B | - | €2,185 | +€2,185 | |
| Profit (loss) for the period before taxes | 9903 | -€37,599 | -€7,269 | +€30,330 | +80.7% |
| Profit (loss) for the period | 9904 | -€37,599 | -€7,269 | +€30,330 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,599 | -€7,269 | +€30,330 | +80.7% |
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 22 October 2026 via checked.be.