Mamisar: 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.
Mamisar
Largest movements
- Tangible fixed assets -€39,086
down €39,086 (-7.1%), from €551,196 to €512,110
of which Land and buildings: -€40,145
- Receivables within one year +€13,091
up €13,091 (+60.0%), from €21,832 to €34,923
of which Trade receivables: +€12,816
- Current portion of long-term debt -€26,091
down €26,091 (-52.2%), from €50,001 to €23,910
- Debts after one year -€23,910
down €23,910 (-39.7%), from €60,209 to €36,299
- Trade debts +€22,809
up €22,809 (+1095.5%), from €2,082 to €24,891
- Other debts -€22,771
down €22,771 (-17.5%), from €130,417 to €107,646
- Reserves +€22,409
up €22,409 (+6.5%), from €346,708 to €369,118
- Gross operating margin +€37,901
up €37,901 (+92.7%), from €40,908 to €78,809
- Depreciation -€8,079
down €8,079 (-16.1%), from €50,178 to €42,099
- Taxes +€6,509
up €6,509 (+2378.4%), from €274 to €6,783
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 | €603,900 | €580,096 | -€23,805 | -3.9% |
| Fixed assets | 21/28 | €551,196 | €512,110 | -€39,086 | -7.1% |
| Tangible fixed assets | 22/27 | €551,196 | €512,110 | -€39,086 | -7.1% |
| Land and buildings | 22 | €549,193 | €509,048 | -€40,145 | -7.3% |
| Furniture and vehicles | 24 | €2,004 | €3,063 | +€1,059 | +52.8% |
| Current assets | 29/58 | €52,704 | €67,985 | +€15,282 | +29.0% |
| Amounts receivable within one year | 40/41 | €21,832 | €34,923 | +€13,091 | +60.0% |
| Trade receivables | 40 | €21,832 | €34,648 | +€12,816 | +58.7% |
| Other amounts receivable | 41 | €0 | €275 | +€275 | |
| Cash at bank and in hand | 54/58 | €26,813 | €28,749 | +€1,936 | +7.2% |
| Deferred charges and accrued income | 490/1 | €4,059 | €4,313 | +€254 | +6.3% |
| Total equity and liabilities | 10/49 | €603,900 | €580,096 | -€23,805 | -3.9% |
| Equity | 10/15 | €349,221 | €371,631 | +€22,409 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €346,708 | €369,118 | +€22,409 | +6.5% |
| Distributable reserves | 133 | €346,708 | €369,118 | +€22,409 | +6.5% |
| Profit (loss) carried forward | 14 | -€16,087 | -€16,087 | = | 0.0% |
| Amounts payable | 17/49 | €254,679 | €208,465 | -€46,214 | -18.1% |
| Amounts payable after more than one year | 17 | €60,209 | €36,299 | -€23,910 | -39.7% |
| Financial debts | 170/4 | €60,209 | €36,299 | -€23,910 | -39.7% |
| Amounts payable within one year | 42/48 | €192,886 | €170,382 | -€22,504 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €50,001 | €23,910 | -€26,091 | -52.2% |
| Trade debts | 44 | €2,082 | €24,891 | +€22,809 | +1095.5% |
| Suppliers | 440/4 | €2,082 | €24,891 | +€22,809 | +1095.5% |
| Taxes, remuneration and social security | 45 | €10,386 | €13,935 | +€3,550 | +34.2% |
| Taxes | 450/3 | €10,386 | €13,935 | +€3,550 | +34.2% |
| Other amounts payable | 47/48 | €130,417 | €107,646 | -€22,771 | -17.5% |
| Accrued charges and deferred income | 492/3 | €1,584 | €1,783 | +€200 | +12.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,178 | €42,099 | -€8,079 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,177 | €4,394 | +€217 | +5.2% |
| Gross operating margin | 9900 | €40,908 | €78,809 | +€37,901 | +92.7% |
| Operating profit (loss) | 9901 | -€13,447 | €32,316 | +€45,763 | |
| Financial income | 75/76B | €9 | €17 | +€8 | +90.1% |
| Recurring financial income | 75 | €9 | €17 | +€8 | +90.1% |
| Financial charges | 65/66B | €2,375 | €3,141 | +€766 | +32.2% |
| Recurring financial charges | 65 | €2,375 | €3,141 | +€766 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,813 | €29,192 | +€45,006 | |
| Income taxes | 67/77 | €274 | €6,783 | +€6,509 | +2378.4% |
| Profit (loss) for the period | 9904 | -€16,087 | €22,409 | +€38,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,087 | €22,409 | +€38,496 |
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 5 October 2026 via checked.be.