MAMERI: 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.
MAMERI
Largest movements
- Cash +€22,675
up €22,675 (+63.6%), from €35,645 to €58,320
mainly Net result for the year (+€14,703) and Stocks and contracts (+€6,330)
- Stocks and contracts -€6,330
down €6,330 (-92.9%), from €6,810 to €480
- Receivables within one year -€4,488
down €4,488 (-34.7%), from €12,919 to €8,431
of which Trade receivables: -€2,724
- Tangible fixed assets -€1,561
down €1,561 (-12.4%), from €12,606 to €11,045
of which Furniture and vehicles: -€1,009
- Reserves +€5,703
up €5,703 (+13.9%), from €41,042 to €46,745
of which Distributable reserves: +€5,703
- Tax, wage and social debts +€3,609
up €3,609 (+886.8%), from €407 to €4,016
- Other debts +€2,031
up €2,031 (+17.0%), from €11,930 to €13,961
- Gross operating margin +€20,584
up €20,584 (+517.9%), from €3,975 to €24,559
- Taxes +€5,761
up €5,761 (+1775.8%), from €324 to €6,086
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 | €69,870 | €80,587 | +€10,717 | +15.3% |
| Fixed assets | 21/28 | €12,656 | €11,095 | -€1,561 | -12.3% |
| Tangible fixed assets | 22/27 | €12,606 | €11,045 | -€1,561 | -12.4% |
| Land and buildings | 22 | €10,201 | €9,248 | -€953 | -9.3% |
| Plant, machinery and equipment | 23 | €811 | €1,292 | +€481 | +59.4% |
| Furniture and vehicles | 24 | €1,450 | €441 | -€1,009 | -69.6% |
| Other tangible fixed assets | 26 | €144 | €64 | -€80 | -55.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €57,215 | €69,492 | +€12,277 | +21.5% |
| Stocks and contracts in progress | 3 | €6,810 | €480 | -€6,330 | -92.9% |
| Stocks | 30/36 | €6,810 | €480 | -€6,330 | -92.9% |
| Amounts receivable within one year | 40/41 | €12,919 | €8,431 | -€4,488 | -34.7% |
| Trade receivables | 40 | €11,155 | €8,431 | -€2,724 | -24.4% |
| Other amounts receivable | 41 | €1,764 | - | -€1,764 | |
| Cash at bank and in hand | 54/58 | €35,645 | €58,320 | +€22,675 | +63.6% |
| Deferred charges and accrued income | 490/1 | €1,841 | €2,261 | +€420 | +22.8% |
| Total equity and liabilities | 10/49 | €69,870 | €80,587 | +€10,717 | +15.3% |
| Equity | 10/15 | €55,725 | €61,428 | +€5,703 | +10.2% |
| Contributions | 10/11 | €14,683 | €14,683 | = | 0.0% |
| Reserves | 13 | €41,042 | €46,745 | +€5,703 | +13.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,182 | €44,885 | +€5,703 | +14.6% |
| Amounts payable | 17/49 | €14,145 | €19,159 | +€5,014 | +35.4% |
| Amounts payable within one year | 42/48 | €14,145 | €19,159 | +€5,014 | +35.4% |
| Trade debts | 44 | €1,808 | €1,182 | -€626 | -34.6% |
| Suppliers | 440/4 | €1,808 | €1,182 | -€626 | -34.6% |
| Taxes, remuneration and social security | 45 | €407 | €4,016 | +€3,609 | +886.8% |
| Taxes | 450/3 | €407 | €4,016 | +€3,609 | +886.8% |
| Other amounts payable | 47/48 | €11,930 | €13,961 | +€2,031 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,456 | €2,392 | -€64 | -2.6% |
| Other operating charges | 640/8 | €1,113 | €1,279 | +€166 | +14.9% |
| Gross operating margin | 9900 | €3,975 | €24,559 | +€20,584 | +517.9% |
| Operating profit (loss) | 9901 | €406 | €20,888 | +€20,482 | +5050.6% |
| Financial income | 75/76B | €336 | €188 | -€148 | -44.2% |
| Recurring financial income | 75 | €336 | €188 | -€148 | -44.2% |
| Financial charges | 65/66B | €321 | €287 | -€34 | -10.6% |
| Recurring financial charges | 65 | €200 | €180 | -€20 | -10.1% |
| Non-recurring financial charges | 66B | €121 | €107 | -€14 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €421 | €20,789 | +€20,368 | +4839.6% |
| Income taxes | 67/77 | €324 | €6,086 | +€5,761 | +1775.8% |
| Profit (loss) for the period | 9904 | €96 | €14,703 | +€14,606 | +15148.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96 | €14,703 | +€14,606 | +15148.8% |
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 12 October 2026 via checked.be.