MAMED: 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.
MAMED
Largest movements
- Intangible fixed assets -€31,250
down €31,250 (-17.6%), from €177,083 to €145,833
- Cash +€3,829
up €3,829 (+3388.1%), from €113 to €3,942
mainly Depreciation (+€32,862) and Net result for the year (+€31,065)
- Other debts -€41,344
down €41,344 (-41.3%), from €100,077 to €58,733
- Profit (loss) carried forward +€30,232
up €30,232 (+464.4%), from €6,510 to €36,742
- Debts after one year -€16,803
down €16,803 (-38.8%), from €43,284 to €26,481
- Gross operating margin +€31,468
up €31,468 (+66.5%), from €47,350 to €78,818
- Taxes +€7,320
up €7,320 (+421.8%), from €1,735 to €9,056
- Other operating charges -€1,572
down €1,572 (-55.9%), from €2,812 to €1,240
- Financial charges -€1,133
down €1,133 (-19.7%), from €5,755 to €4,622
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 | €180,267 | €152,183 | -€28,084 | -15.6% |
| Fixed assets | 21/28 | €178,667 | €146,636 | -€32,031 | -17.9% |
| Intangible fixed assets | 21 | €177,083 | €145,833 | -€31,250 | -17.6% |
| Tangible fixed assets | 22/27 | €1,584 | €803 | -€781 | -49.3% |
| Furniture and vehicles | 24 | €1,584 | €803 | -€781 | -49.3% |
| Current assets | 29/58 | €1,600 | €5,547 | +€3,946 | +246.6% |
| Amounts receivable within one year | 40/41 | €46 | - | -€46 | |
| Trade receivables | 40 | €46 | - | -€46 | |
| Cash at bank and in hand | 54/58 | €113 | €3,942 | +€3,829 | +3388.1% |
| Deferred charges and accrued income | 490/1 | €1,441 | €1,605 | +€164 | +11.4% |
| Total equity and liabilities | 10/49 | €180,267 | €152,183 | -€28,084 | -15.6% |
| Equity | 10/15 | €9,510 | €39,742 | +€30,232 | +317.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,510 | €36,742 | +€30,232 | +464.4% |
| Amounts payable | 17/49 | €170,757 | €112,441 | -€58,316 | -34.2% |
| Amounts payable after more than one year | 17 | €43,284 | €26,481 | -€16,803 | -38.8% |
| Financial debts | 170/4 | €43,284 | €26,481 | -€16,803 | -38.8% |
| Amounts payable within one year | 42/48 | €127,473 | €85,960 | -€41,514 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €16,152 | €16,803 | +€650 | +4.0% |
| Trade debts | 44 | €5,668 | €4,883 | -€784 | -13.8% |
| Suppliers | 440/4 | €5,668 | €4,883 | -€784 | -13.8% |
| Taxes, remuneration and social security | 45 | €5,576 | €5,541 | -€35 | -0.6% |
| Taxes | 450/3 | €3,076 | €5,541 | +€2,465 | +80.1% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €100,077 | €58,733 | -€41,344 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,834 | €32,862 | +€28 | +0.1% |
| Other operating charges | 640/8 | €2,812 | €1,240 | -€1,572 | -55.9% |
| Gross operating margin | 9900 | €47,350 | €78,818 | +€31,468 | +66.5% |
| Operating profit (loss) | 9901 | €11,704 | €44,716 | +€33,012 | +282.1% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €5,755 | €4,622 | -€1,133 | -19.7% |
| Recurring financial charges | 65 | €5,755 | €4,622 | -€1,133 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €5,949 | €40,120 | +€34,171 | +574.4% |
| Income taxes | 67/77 | €1,735 | €9,056 | +€7,320 | +421.8% |
| Profit (loss) for the period | 9904 | €4,214 | €31,065 | +€26,851 | +637.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,214 | €31,065 | +€26,851 | +637.2% |
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 28 September 2026 via checked.be.