MAMOVA: 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.
MAMOVA
Largest movements
- Tangible fixed assets +€336,402
up €336,402 (+14.0%), from €2.4m to €2.7m
of which Land and buildings: +€338,254
- Other debts +€405,131
up €405,131 (+80.9%), from €500,812 to €905,943
- Debts after one year -€93,215
down €93,215 (-9.0%), from €1.0m to €947,314
- Accrued charges and deferred income +€45,905
up €45,905 (+962%), from €4,772 to €50,678
- Gross operating margin +€72,568
up €72,568 (+57.3%), from €126,650 to €199,218
- Other operating charges -€36,672
down €36,672 (-45.0%), from €81,540 to €44,868
- Financial charges +€28,309
up €28,309 (+62.4%), from €45,385 to €73,693
- Depreciation +€9,183
up €9,183 (+11.8%), from €78,061 to €87,245
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.
Derived cash bridge
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 | €2,442,608 | €2,804,376 | +€361,768 | +14.8% |
| Fixed assets | 21/28 | €2,400,841 | €2,736,993 | +€336,152 | +14.0% |
| Tangible fixed assets | 22/27 | €2,400,591 | €2,736,993 | +€336,402 | +14.0% |
| Land and buildings | 22 | €2,390,850 | €2,729,104 | +€338,254 | +14.1% |
| Plant, machinery and equipment | 23 | €5,112 | €4,425 | -€687 | -13.4% |
| Furniture and vehicles | 24 | €4,629 | €3,464 | -€1,165 | -25.2% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €41,767 | €67,383 | +€25,617 | +61.3% |
| Amounts receivable within one year | 40/41 | €1,018 | €19,780 | +€18,761 | +1,843% |
| Trade receivables | 40 | €900 | €19,500 | +€18,600 | +2,067% |
| Other amounts receivable | 41 | €118 | €280 | +€161 | +137% |
| Cash at bank and in hand | 54/58 | €37,407 | €43,626 | +€6,219 | +16.6% |
| Deferred charges and accrued income | 490/1 | €3,341 | €3,978 | +€636 | +19.0% |
| Total equity and liabilities | 10/49 | €2,442,608 | €2,804,376 | +€361,768 | +14.8% |
| Equity | 10/15 | €804,846 | €798,417 | -€6,428 | -0.8% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€395,154 | -€401,583 | -€6,428 | -1.6% |
| Amounts payable | 17/49 | €1,637,762 | €2,005,959 | +€368,197 | +22.5% |
| Amounts payable after more than one year | 17 | €1,040,529 | €947,314 | -€93,215 | -9.0% |
| Financial debts | 170/4 | €1,040,529 | €947,314 | -€93,215 | -9.0% |
| Amounts payable within one year | 42/48 | €592,461 | €1,007,967 | +€415,506 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €91,305 | €93,215 | +€1,910 | +2.1% |
| Trade debts | 44 | €183 | €8,762 | +€8,579 | +4,684% |
| Suppliers | 440/4 | €183 | €8,762 | +€8,579 | +4,684% |
| Taxes, remuneration and social security | 45 | €162 | €48 | -€114 | -70.4% |
| Taxes | 450/3 | €162 | €48 | -€114 | -70.4% |
| Other amounts payable | 47/48 | €500,812 | €905,943 | +€405,131 | +80.9% |
| Accrued charges and deferred income | 492/3 | €4,772 | €50,678 | +€45,905 | +962% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,061 | €87,245 | +€9,183 | +11.8% |
| Other operating charges | 640/8 | €81,540 | €44,868 | -€36,672 | -45.0% |
| Gross operating margin | 9900 | €126,650 | €199,218 | +€72,568 | +57.3% |
| Operating profit (loss) | 9901 | -€32,951 | €67,106 | +€100,057 | |
| Financial income | 75/76B | €160 | €207 | +€48 | +30.0% |
| Recurring financial income | 75 | €160 | €207 | +€48 | +30.0% |
| Financial charges | 65/66B | €45,385 | €73,693 | +€28,309 | +62.4% |
| Recurring financial charges | 65 | €45,385 | €73,693 | +€28,309 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | -€78,177 | -€6,380 | +€71,796 | +91.8% |
| Income taxes | 67/77 | €162 | €48 | -€114 | -70.4% |
| Profit (loss) for the period | 9904 | -€78,338 | -€6,428 | +€71,910 | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,338 | -€6,428 | +€71,910 | +91.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.