Mamelou: 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.
Mamelou
Largest movements
- Stocks and contracts -€186,395
down €186,395 (-18.9%), from €985,626 to €799,231
- Tangible fixed assets -€80,571
down €80,571 (-8.1%), from €990,315 to €909,744
of which Land and buildings: -€76,852
- Cash +€79,231
up €79,231 (+206.3%), from €38,406 to €117,636
mainly Stocks and contracts (+€186,395) and Depreciation (+€117,494)
- Receivables within one year +€35,119
up €35,119 (+11.7%), from €299,235 to €334,354
of which Trade receivables: +€76,119
- Profit (loss) carried forward -€202,079
down €202,079 (-1726.0%), from -€11,708 to -€213,788
- Debts after one year +€52,073
up €52,073 (+6.1%), from €853,637 to €905,710
of which Other amounts payable: +€100,000
- Gross operating margin -€89,499
down €89,499 (-19.7%), from €453,397 to €363,899
- Financial income +€31,478
up €31,478 (+487.7%), from €6,454 to €37,932
- Staff costs -€26,163
down €26,163 (-5.9%), from €446,251 to €420,087
- Other operating charges +€10,435
up €10,435 (+57.1%), from €18,272 to €28,707
- Depreciation +€6,617
up €6,617 (+6.0%), from €110,878 to €117,494
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 | €2,380,175 | €2,225,199 | -€154,976 | -6.5% |
| Fixed assets | 21/28 | €993,397 | €912,825 | -€80,571 | -8.1% |
| Tangible fixed assets | 22/27 | €990,315 | €909,744 | -€80,571 | -8.1% |
| Land and buildings | 22 | €888,947 | €812,095 | -€76,852 | -8.6% |
| Plant, machinery and equipment | 23 | €28,051 | €25,431 | -€2,620 | -9.3% |
| Furniture and vehicles | 24 | €66,959 | €57,895 | -€9,064 | -13.5% |
| Other tangible fixed assets | 26 | €6,359 | €14,324 | +€7,965 | +125.3% |
| Financial fixed assets | 28 | €3,081 | €3,081 | = | 0.0% |
| Current assets | 29/58 | €1,386,778 | €1,312,374 | -€74,404 | -5.4% |
| Stocks and contracts in progress | 3 | €985,626 | €799,231 | -€186,395 | -18.9% |
| Stocks | 30/36 | €985,626 | €799,231 | -€186,395 | -18.9% |
| Amounts receivable within one year | 40/41 | €299,235 | €334,354 | +€35,119 | +11.7% |
| Trade receivables | 40 | €257,235 | €333,354 | +€76,119 | +29.6% |
| Other amounts receivable | 41 | €42,000 | €1,000 | -€41,000 | -97.6% |
| Cash at bank and in hand | 54/58 | €38,406 | €117,636 | +€79,231 | +206.3% |
| Deferred charges and accrued income | 490/1 | €63,512 | €61,153 | -€2,359 | -3.7% |
| Total equity and liabilities | 10/49 | €2,380,175 | €2,225,199 | -€154,976 | -6.5% |
| Equity | 10/15 | €1,109,892 | €907,812 | -€202,079 | -18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,103,000 | €1,103,000 | = | 0.0% |
| Distributable reserves | 133 | €1,103,000 | €1,103,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,708 | -€213,788 | -€202,079 | -1726.0% |
| Amounts payable | 17/49 | €1,270,283 | €1,317,387 | +€47,104 | +3.7% |
| Amounts payable after more than one year | 17 | €853,637 | €905,710 | +€52,073 | +6.1% |
| Financial debts | 170/4 | €453,637 | €405,710 | -€47,927 | -10.6% |
| Other amounts payable | 178/9 | €400,000 | €500,000 | +€100,000 | +25.0% |
| Amounts payable within one year | 42/48 | €416,646 | €404,176 | -€12,469 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €49,582 | €58,048 | +€8,466 | +17.1% |
| Trade debts | 44 | €235,910 | €233,404 | -€2,506 | -1.1% |
| Suppliers | 440/4 | €235,910 | €233,404 | -€2,506 | -1.1% |
| Taxes, remuneration and social security | 45 | €116,846 | €106,955 | -€9,890 | -8.5% |
| Taxes | 450/3 | €35,977 | €31,999 | -€3,977 | -11.1% |
| Remuneration and social security | 454/9 | €80,869 | €74,956 | -€5,913 | -7.3% |
| Other amounts payable | 47/48 | €14,307 | €5,769 | -€8,539 | -59.7% |
| Accrued charges and deferred income | 492/3 | - | €7,500 | +€7,500 | |
| Remuneration, social security and pensions | 62 | €446,251 | €420,087 | -€26,163 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,878 | €117,494 | +€6,617 | +6.0% |
| Other operating charges | 640/8 | €18,272 | €28,707 | +€10,435 | +57.1% |
| Non-recurring operating charges | 66A | - | €408 | +€408 | |
| Gross operating margin | 9900 | €453,397 | €363,899 | -€89,499 | -19.7% |
| Operating profit (loss) | 9901 | -€122,003 | -€202,798 | -€80,795 | -66.2% |
| Financial income | 75/76B | €6,454 | €37,932 | +€31,478 | +487.7% |
| Recurring financial income | 75 | €6,454 | €37,932 | +€31,478 | +487.7% |
| Financial charges | 65/66B | €32,344 | €36,133 | +€3,788 | +11.7% |
| Recurring financial charges | 65 | €32,344 | €36,133 | +€3,788 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€147,893 | -€200,998 | -€53,106 | -35.9% |
| Income taxes | 67/77 | €1,325 | €1,081 | -€244 | -18.4% |
| Profit (loss) for the period | 9904 | -€149,218 | -€202,079 | -€52,861 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€149,218 | -€202,079 | -€52,861 | -35.4% |
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 11 October 2026 via checked.be.