MAMÉDO: 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.
MAMÉDO
Largest movements
- Cash +€17,688
up €17,688 (+13.0%), from €136,452 to €154,139
mainly Other debts (+€99,087) and Net result for the year (+€58,508)
- Financial fixed assets +€14,035
new in 2025: €14,035
- Current investments -€14,035
no longer reported in 2025 (was €14,035)
- Receivables within one year -€5,949
down €5,949 (-27.6%), from €21,517 to €15,568
of which Trade receivables: -€5,949
- Tangible fixed assets -€4,701
down €4,701 (-54.1%), from €8,683 to €3,982
- Other debts +€99,087
up €99,087 (+4,270%), from €2,321 to €101,407
- Profit (loss) carried forward -€59,139
down €59,139 (-59.6%), from €99,287 to €40,148
- Tax, wage and social debts -€27,017
down €27,017 (-43.9%), from €61,591 to €34,574
- Current portion of long-term debt -€3,392
no longer reported in 2025 (was €3,392)
- Trade debts -€2,305
down €2,305 (-21.8%), from €10,597 to €8,291
- Gross operating margin -€35,959
down €35,959 (-30.4%), from €118,210 to €82,250
- Taxes -€8,057
down €8,057 (-30.4%), from €26,470 to €18,412
- Financial charges -€5,169
down €5,169 (-92.3%), from €5,602 to €433
- Depreciation -€4,269
down €4,269 (-74.2%), from €5,753 to €1,484
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 | €180,687 | €187,920 | +€7,233 | +4.0% |
| Fixed assets | 21/28 | €8,683 | €18,017 | +€9,334 | +107% |
| Tangible fixed assets | 22/27 | €8,683 | €3,982 | -€4,701 | -54.1% |
| Furniture and vehicles | 24 | €8,683 | €3,982 | -€4,701 | -54.1% |
| Financial fixed assets | 28 | - | €14,035 | +€14,035 | |
| Current assets | 29/58 | €172,004 | €169,903 | -€2,101 | -1.2% |
| Amounts receivable within one year | 40/41 | €21,517 | €15,568 | -€5,949 | -27.6% |
| Trade receivables | 40 | €19,449 | €13,500 | -€5,949 | -30.6% |
| Other amounts receivable | 41 | €2,068 | €2,068 | = | 0.0% |
| Current investments | 50/53 | €14,035 | - | -€14,035 | |
| Cash at bank and in hand | 54/58 | €136,452 | €154,139 | +€17,688 | +13.0% |
| Deferred charges and accrued income | 490/1 | - | €196 | +€196 | |
| Total equity and liabilities | 10/49 | €180,687 | €187,920 | +€7,233 | +4.0% |
| Equity | 10/15 | €102,787 | €43,648 | -€59,139 | -57.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,287 | €40,148 | -€59,139 | -59.6% |
| Amounts payable | 17/49 | €77,900 | €144,272 | +€66,372 | +85.2% |
| Amounts payable within one year | 42/48 | €77,900 | €144,272 | +€66,372 | +85.2% |
| Current portion of amounts payable after more than one year | 42 | €3,392 | - | -€3,392 | |
| Trade debts | 44 | €10,597 | €8,291 | -€2,305 | -21.8% |
| Suppliers | 440/4 | €10,597 | €8,291 | -€2,305 | -21.8% |
| Taxes, remuneration and social security | 45 | €61,591 | €34,574 | -€27,017 | -43.9% |
| Taxes | 450/3 | €61,591 | €34,574 | -€27,017 | -43.9% |
| Other amounts payable | 47/48 | €2,321 | €101,407 | +€99,087 | +4,270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,753 | €1,484 | -€4,269 | -74.2% |
| Other operating charges | 640/8 | €1,423 | €1,182 | -€242 | -17.0% |
| Non-recurring operating charges | 66A | - | €2,232 | +€2,232 | |
| Gross operating margin | 9900 | €118,210 | €82,250 | -€35,959 | -30.4% |
| Operating profit (loss) | 9901 | €111,034 | €77,353 | -€33,681 | -30.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,400% |
| Financial charges | 65/66B | €5,602 | €433 | -€5,169 | -92.3% |
| Recurring financial charges | 65 | €5,602 | €433 | -€5,169 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €105,432 | €76,920 | -€28,511 | -27.0% |
| Income taxes | 67/77 | €26,470 | €18,412 | -€8,057 | -30.4% |
| Profit (loss) for the period | 9904 | €78,962 | €58,508 | -€20,454 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €78,962 | €58,508 | -€20,454 | -25.9% |
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 18 October 2026 via checked.be.