Mamis: 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.
Mamis
Largest movements
- Cash -€93,183
down €93,183 (-70.4%), from €132,410 to €39,226
mainly Deferred charges and accrued income (-€31,795) and Net result for the year (-€28,932)
- Deferred charges and accrued income +€31,795
up €31,795 (+7047.6%), from €451 to €32,247
- Tangible fixed assets -€26,837
down €26,837 (-23.2%), from €115,857 to €89,020
- Receivables within one year -€7,916
down €7,916 (-61.6%), from €12,848 to €4,932
of which Other amounts receivable: -€5,272
- Profit (loss) carried forward -€28,932
down €28,932 (-23.9%), from €121,246 to €92,314
- Debts after one year -€23,450
down €23,450 (-35.5%), from €66,090 to €42,639
- Other debts -€21,395
down €21,395 (-71.1%), from €30,083 to €8,688
- Tax, wage and social debts -€19,019
down €19,019 (-88.3%), from €21,531 to €2,513
of which Remuneration and social security: -€19,637
- Current portion of long-term debt -€3,052
no longer reported in 2025 (was €3,052)
- Gross operating margin -€42,415
down €42,415 (-39.4%), from €107,636 to €65,221
- Staff costs +€21,577
up €21,577 (+73.5%), from €29,359 to €50,936
- Depreciation +€8,510
up €8,510 (+46.4%), from €18,326 to €26,837
- Other operating charges -€5,099
down €5,099 (-74.9%), from €6,812 to €1,713
- Taxes -€4,073
down €4,073 (-25.3%), from €16,073 to €12,000
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 | €270,382 | €174,372 | -€96,010 | -35.5% |
| Formation expenses | 20 | - | €131 | +€131 | |
| Fixed assets | 21/28 | €115,857 | €89,020 | -€26,837 | -23.2% |
| Tangible fixed assets | 22/27 | €115,857 | €89,020 | -€26,837 | -23.2% |
| Furniture and vehicles | 24 | €115,857 | €89,020 | -€26,837 | -23.2% |
| Current assets | 29/58 | €154,525 | €85,220 | -€69,304 | -44.8% |
| Stocks and contracts in progress | 3 | €8,816 | €8,816 | = | 0.0% |
| Stocks | 30/36 | €8,816 | €8,816 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,848 | €4,932 | -€7,916 | -61.6% |
| Trade receivables | 40 | €2,645 | - | -€2,645 | |
| Other amounts receivable | 41 | €10,203 | €4,932 | -€5,272 | -51.7% |
| Cash at bank and in hand | 54/58 | €132,410 | €39,226 | -€93,183 | -70.4% |
| Deferred charges and accrued income | 490/1 | €451 | €32,247 | +€31,795 | +7047.6% |
| Total equity and liabilities | 10/49 | €270,382 | €174,372 | -€96,010 | -35.5% |
| Equity | 10/15 | €139,846 | €110,914 | -€28,932 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,246 | €92,314 | -€28,932 | -23.9% |
| Amounts payable | 17/49 | €130,536 | €63,457 | -€67,078 | -51.4% |
| Amounts payable after more than one year | 17 | €66,090 | €42,639 | -€23,450 | -35.5% |
| Financial debts | 170/4 | €66,090 | €42,639 | -€23,450 | -35.5% |
| Amounts payable within one year | 42/48 | €64,446 | €20,818 | -€43,628 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €3,052 | - | -€3,052 | |
| Trade debts | 44 | €9,780 | €9,618 | -€162 | -1.7% |
| Suppliers | 440/4 | €9,780 | €9,618 | -€162 | -1.7% |
| Taxes, remuneration and social security | 45 | €21,531 | €2,513 | -€19,019 | -88.3% |
| Taxes | 450/3 | €1,894 | €2,513 | +€618 | +32.6% |
| Remuneration and social security | 454/9 | €19,637 | - | -€19,637 | |
| Other amounts payable | 47/48 | €30,083 | €8,688 | -€21,395 | -71.1% |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €29,359 | €50,936 | +€21,577 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,326 | €26,837 | +€8,510 | +46.4% |
| Other operating charges | 640/8 | €6,812 | €1,713 | -€5,099 | -74.9% |
| Gross operating margin | 9900 | €107,636 | €65,221 | -€42,415 | -39.4% |
| Operating profit (loss) | 9901 | €53,138 | -€14,265 | -€67,403 | |
| Financial charges | 65/66B | €3,330 | €2,667 | -€662 | -19.9% |
| Recurring financial charges | 65 | €3,330 | €2,667 | -€662 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €49,808 | -€16,932 | -€66,740 | |
| Income taxes | 67/77 | €16,073 | €12,000 | -€4,073 | -25.3% |
| Profit (loss) for the period | 9904 | €33,735 | -€28,932 | -€62,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,735 | -€28,932 | -€62,667 |
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.