MAMIGE: 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.
MAMIGE
Largest movements
- Receivables within one year +€4,828
up €4,828 (+56.3%), from €8,582 to €13,410
of which Trade receivables: +€7,621
- Cash -€4,321
down €4,321 (-74.1%), from €5,833 to €1,512
mainly Receivables within one year (-€4,828) and Trade debts (-€3,055)
- Tangible fixed assets -€216
down €216 (-20.5%), from €1,054 to €838
- Trade debts -€3,055
down €3,055 (-90.9%), from €3,360 to €305
- Profit (loss) carried forward +€2,538
up €2,538 (+36.6%), from €6,929 to €9,467
- Tax, wage and social debts +€808
up €808 (+37.1%), from €2,179 to €2,988
- Gross operating margin -€5,952
down €5,952 (-59.3%), from €10,043 to €4,092
- Taxes -€1,154
down €1,154 (-55.7%), from €2,071 to €917
- Other operating charges -€294
down €294 (-37.1%), from €792 to €498
- Depreciation +€191
up €191 (+751.8%), from €25 to €216
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 | €15,469 | €15,760 | +€291 | +1.9% |
| Fixed assets | 21/28 | €1,054 | €838 | -€216 | -20.5% |
| Tangible fixed assets | 22/27 | €1,054 | €838 | -€216 | -20.5% |
| Plant, machinery and equipment | 23 | €1,054 | €838 | -€216 | -20.5% |
| Current assets | 29/58 | €14,415 | €14,922 | +€507 | +3.5% |
| Amounts receivable within one year | 40/41 | €8,582 | €13,410 | +€4,828 | +56.3% |
| Trade receivables | 40 | €105 | €7,726 | +€7,621 | +7280.7% |
| Other amounts receivable | 41 | €8,477 | €5,684 | -€2,793 | -32.9% |
| Cash at bank and in hand | 54/58 | €5,833 | €1,512 | -€4,321 | -74.1% |
| Total equity and liabilities | 10/49 | €15,469 | €15,760 | +€291 | +1.9% |
| Equity | 10/15 | €9,929 | €12,467 | +€2,538 | +25.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,929 | €9,467 | +€2,538 | +36.6% |
| Amounts payable | 17/49 | €5,540 | €3,293 | -€2,247 | -40.6% |
| Amounts payable within one year | 42/48 | €5,540 | €3,293 | -€2,247 | -40.6% |
| Trade debts | 44 | €3,360 | €305 | -€3,055 | -90.9% |
| Suppliers | 440/4 | €3,360 | €305 | -€3,055 | -90.9% |
| Taxes, remuneration and social security | 45 | €2,179 | €2,988 | +€808 | +37.1% |
| Taxes | 450/3 | €2,179 | €2,988 | +€808 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | €216 | +€191 | +751.8% |
| Other operating charges | 640/8 | €792 | €498 | -€294 | -37.1% |
| Gross operating margin | 9900 | €10,043 | €4,092 | -€5,952 | -59.3% |
| Operating profit (loss) | 9901 | €9,226 | €3,378 | -€5,848 | -63.4% |
| Financial income | 75/76B | €185 | €243 | +€58 | +31.3% |
| Recurring financial income | 75 | €185 | €243 | +€58 | +31.3% |
| Financial charges | 65/66B | €188 | €166 | -€23 | -12.0% |
| Recurring financial charges | 65 | €188 | €166 | -€23 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €9,223 | €3,455 | -€5,768 | -62.5% |
| Income taxes | 67/77 | €2,071 | €917 | -€1,154 | -55.7% |
| Profit (loss) for the period | 9904 | €7,152 | €2,538 | -€4,614 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,152 | €2,538 | -€4,614 | -64.5% |
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 8 October 2026 via checked.be.