Mamel: 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.
Mamel
Largest movements
- Receivables within one year -€19,428
down €19,428 (-27.4%), from €70,832 to €51,404
of which Trade receivables: -€10,951
- Stocks and contracts +€10,765
up €10,765 (+1380.1%), from €780 to €11,545
- Cash +€10,371
up €10,371 (+590.4%), from €1,757 to €12,128
mainly Receivables within one year (+€19,428) and Trade debts (+€18,876)
- Deferred charges and accrued income -€3,718
down €3,718 (-100.0%), from €3,718 to €0
- Trade debts +€18,876
up €18,876 (+43.4%), from €43,450 to €62,326
- Profit (loss) carried forward -€16,257
new in 2025: -€16,257
- Reserves -€4,740
down €4,740 (-100.0%), from €4,740 to €0
- Gross operating margin -€25,456
down €25,456, from €6,221 to -€19,234
- Taxes -€2,469
down €2,469, from €2,004 to -€465
- Financial charges +€1,657
up €1,657 (+395.5%), from €419 to €2,076
- Financial income +€735
up €735 (+816611.1%), from €0 to €735
- Other operating charges +€390
up €390 (+190.5%), from €205 to €594
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 | €78,495 | €76,193 | -€2,302 | -2.9% |
| Fixed assets | 21/28 | €1,409 | €1,117 | -€292 | -20.7% |
| Tangible fixed assets | 22/27 | €1,409 | €1,117 | -€292 | -20.7% |
| Furniture and vehicles | 24 | €1,409 | €1,117 | -€292 | -20.7% |
| Current assets | 29/58 | €77,086 | €75,076 | -€2,010 | -2.6% |
| Stocks and contracts in progress | 3 | €780 | €11,545 | +€10,765 | +1380.1% |
| Stocks | 30/36 | €780 | €11,545 | +€10,765 | +1380.1% |
| Amounts receivable within one year | 40/41 | €70,832 | €51,404 | -€19,428 | -27.4% |
| Trade receivables | 40 | €45,747 | €34,796 | -€10,951 | -23.9% |
| Other amounts receivable | 41 | €25,085 | €16,608 | -€8,477 | -33.8% |
| Cash at bank and in hand | 54/58 | €1,757 | €12,128 | +€10,371 | +590.4% |
| Deferred charges and accrued income | 490/1 | €3,718 | €0 | -€3,718 | -100.0% |
| Total equity and liabilities | 10/49 | €78,495 | €76,193 | -€2,302 | -2.9% |
| Equity | 10/15 | €9,740 | -€11,257 | -€20,997 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,740 | €0 | -€4,740 | -100.0% |
| Distributable reserves | 133 | €4,740 | €0 | -€4,740 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€16,257 | -€16,257 | |
| Amounts payable | 17/49 | €68,755 | €87,450 | +€18,695 | +27.2% |
| Amounts payable within one year | 42/48 | €68,755 | €87,450 | +€18,695 | +27.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €43,450 | €62,326 | +€18,876 | +43.4% |
| Suppliers | 440/4 | €43,450 | €62,326 | +€18,876 | +43.4% |
| Taxes, remuneration and social security | 45 | €304 | €124 | -€181 | -59.3% |
| Taxes | 450/3 | €304 | €124 | -€181 | -59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51 | €292 | +€241 | +471.9% |
| Other operating charges | 640/8 | €205 | €594 | +€390 | +190.5% |
| Gross operating margin | 9900 | €6,221 | -€19,234 | -€25,456 | |
| Operating profit (loss) | 9901 | €5,966 | -€20,121 | -€26,086 | |
| Financial income | 75/76B | €0 | €735 | +€735 | +816611.1% |
| Recurring financial income | 75 | €0 | €735 | +€735 | +816611.1% |
| Financial charges | 65/66B | €419 | €2,076 | +€1,657 | +395.5% |
| Recurring financial charges | 65 | €419 | €2,076 | +€1,657 | +395.5% |
| Profit (loss) for the period before taxes | 9903 | €5,547 | -€21,462 | -€27,008 | |
| Income taxes | 67/77 | €2,004 | -€465 | -€2,469 | |
| Profit (loss) for the period | 9904 | €3,542 | -€20,997 | -€24,539 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,542 | -€20,997 | -€24,539 |
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 3 October 2026 via checked.be.