MAMILLES: 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.
MAMILLES
Largest movements
- Cash -€41,753
down €41,753 (-16.4%), from €254,261 to €212,507
mainly Investment in fixed assets (net) (-€23,865) and Debts after one year (-€17,867)
- Debts after one year -€17,867
down €17,867 (-15.7%), from €113,627 to €95,760
- Reserves -€16,446
down €16,446 (-4.3%), from €386,042 to €369,596
of which Distributable reserves: -€10,000
- Other debts -€14,506
down €14,506 (-3.1%), from €474,061 to €459,556
- Gross operating margin -€311,656
down €311,656 (-92.1%), from €338,397 to €26,741
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 | €1,179,699 | €1,129,506 | -€50,193 | -4.3% |
| Fixed assets | 21/28 | €924,113 | €913,239 | -€10,874 | -1.2% |
| Tangible fixed assets | 22/27 | €924,113 | €913,239 | -€10,874 | -1.2% |
| Land and buildings | 22 | €920,184 | €886,816 | -€33,368 | -3.6% |
| Furniture and vehicles | 24 | €3,929 | €26,423 | +€22,495 | +572.6% |
| Current assets | 29/58 | €255,586 | €216,267 | -€39,320 | -15.4% |
| Cash at bank and in hand | 54/58 | €254,261 | €212,507 | -€41,753 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,326 | €3,759 | +€2,434 | +183.6% |
| Total equity and liabilities | 10/49 | €1,179,699 | €1,129,506 | -€50,193 | -4.3% |
| Equity | 10/15 | €488,752 | €475,920 | -€12,832 | -2.6% |
| Contributions | 10/11 | €97,536 | €97,536 | = | 0.0% |
| Reserves | 13 | €386,042 | €369,596 | -€16,446 | -4.3% |
| Tax-exempt reserves | 132 | €231,042 | €224,596 | -€6,446 | -2.8% |
| Distributable reserves | 133 | €155,000 | €145,000 | -€10,000 | -6.5% |
| Profit (loss) carried forward | 14 | €5,174 | €8,787 | +€3,614 | +69.8% |
| Provisions and deferred taxes | 16 | €77,014 | €74,865 | -€2,149 | -2.8% |
| Deferred taxes | 168 | €77,014 | €74,865 | -€2,149 | -2.8% |
| Amounts payable | 17/49 | €613,933 | €578,721 | -€35,213 | -5.7% |
| Amounts payable after more than one year | 17 | €113,627 | €95,760 | -€17,867 | -15.7% |
| Financial debts | 170/4 | €113,627 | €95,760 | -€17,867 | -15.7% |
| Amounts payable within one year | 42/48 | €500,306 | €482,961 | -€17,345 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €17,561 | €17,867 | +€306 | +1.7% |
| Trade debts | 44 | €3,700 | €4,727 | +€1,027 | +27.8% |
| Suppliers | 440/4 | €3,700 | €4,727 | +€1,027 | +27.8% |
| Taxes, remuneration and social security | 45 | €4,984 | €811 | -€4,172 | -83.7% |
| Taxes | 450/3 | €4,984 | €811 | -€4,172 | -83.7% |
| Other amounts payable | 47/48 | €474,061 | €459,556 | -€14,506 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,368 | €34,739 | -€629 | -1.8% |
| Other operating charges | 640/8 | €5,072 | €4,290 | -€782 | -15.4% |
| Gross operating margin | 9900 | €338,397 | €26,741 | -€311,656 | -92.1% |
| Operating profit (loss) | 9901 | €297,957 | -€12,288 | -€310,245 | |
| Financial charges | 65/66B | €2,826 | €2,336 | -€490 | -17.3% |
| Recurring financial charges | 65 | €2,826 | €2,336 | -€490 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €295,131 | -€14,624 | -€309,755 | |
| Transfer from deferred taxes | 780 | €2,149 | €2,149 | = | 0.0% |
| Transfer to deferred taxes | 680 | €79,163 | - | -€79,163 | |
| Income taxes | 67/77 | €454 | €357 | -€98 | -21.5% |
| Profit (loss) for the period | 9904 | €217,662 | -€12,832 | -€230,494 | |
| Transfer from tax-exempt reserves | 789 | €6,446 | €6,446 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €237,488 | - | -€237,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,380 | -€6,386 | +€6,993 | +52.3% |
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 7 October 2026 via checked.be.