MAMICO: 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.
MAMICO
Largest movements
- Receivables within one year +€28,112
up €28,112 (+93.1%), from €30,208 to €58,320
- Tangible fixed assets -€14,641
down €14,641 (-13.8%), from €105,760 to €91,119
of which Land and buildings: -€13,886
- Stocks and contracts +€10,000
up €10,000 (+93.0%), from €10,750 to €20,750
- Cash -€5,962
down €5,962 (-49.3%), from €12,094 to €6,131
mainly Receivables within one year (-€28,112) and Stocks and contracts (-€10,000)
- Deferred charges and accrued income -€4,500
no longer reported in 2025 (was €4,500)
- Trade debts +€14,194
up €14,194 (+55.1%), from €25,770 to €39,964
- Other debts -€3,801
down €3,801 (-1.9%), from €196,624 to €192,822
- Profit (loss) carried forward +€3,267
up €3,267 (+4.9%), from -€66,606 to -€63,339
- Gross operating margin +€12,329
up €12,329 (+189.8%), from €6,496 to €18,824
- Depreciation -€347
down €347 (-2.2%), from €15,475 to €15,128
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 | €164,471 | €176,993 | +€12,522 | +7.6% |
| Fixed assets | 21/28 | €106,919 | €91,791 | -€15,128 | -14.1% |
| Intangible fixed assets | 21 | €1,160 | €673 | -€487 | -42.0% |
| Tangible fixed assets | 22/27 | €105,760 | €91,119 | -€14,641 | -13.8% |
| Land and buildings | 22 | €99,511 | €85,624 | -€13,886 | -14.0% |
| Plant, machinery and equipment | 23 | €3,020 | €2,685 | -€336 | -11.1% |
| Furniture and vehicles | 24 | €3,229 | €2,809 | -€420 | -13.0% |
| Current assets | 29/58 | €57,552 | €85,201 | +€27,650 | +48.0% |
| Stocks and contracts in progress | 3 | €10,750 | €20,750 | +€10,000 | +93.0% |
| Stocks | 30/36 | €10,750 | €20,750 | +€10,000 | +93.0% |
| Amounts receivable within one year | 40/41 | €30,208 | €58,320 | +€28,112 | +93.1% |
| Trade receivables | 40 | €30,208 | €58,320 | +€28,112 | +93.1% |
| Cash at bank and in hand | 54/58 | €12,094 | €6,131 | -€5,962 | -49.3% |
| Deferred charges and accrued income | 490/1 | €4,500 | - | -€4,500 | |
| Total equity and liabilities | 10/49 | €164,471 | €176,993 | +€12,522 | +7.6% |
| Equity | 10/15 | -€62,606 | -€59,339 | +€3,267 | +5.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,606 | -€63,339 | +€3,267 | +4.9% |
| Amounts payable | 17/49 | €227,077 | €236,331 | +€9,254 | +4.1% |
| Amounts payable within one year | 42/48 | €227,077 | €236,331 | +€9,254 | +4.1% |
| Trade debts | 44 | €25,770 | €39,964 | +€14,194 | +55.1% |
| Suppliers | 440/4 | €25,770 | €39,964 | +€14,194 | +55.1% |
| Taxes, remuneration and social security | 45 | €4,683 | €3,545 | -€1,138 | -24.3% |
| Taxes | 450/3 | €4,683 | €3,545 | -€1,138 | -24.3% |
| Other amounts payable | 47/48 | €196,624 | €192,822 | -€3,801 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,475 | €15,128 | -€347 | -2.2% |
| Gross operating margin | 9900 | €6,496 | €18,824 | +€12,329 | +189.8% |
| Operating profit (loss) | 9901 | -€8,979 | €3,696 | +€12,675 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €449 | €429 | -€20 | -4.5% |
| Recurring financial charges | 65 | €449 | €429 | -€20 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,424 | €3,267 | +€12,691 | |
| Profit (loss) for the period | 9904 | -€9,424 | €3,267 | +€12,691 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,424 | €3,267 | +€12,691 |
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.