MAMPAO: 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.
MAMPAO
Largest movements
- Cash +€131,477
up €131,477 (+65.0%), from €202,422 to €333,899
mainly Net result for the year (+€129,670) and Depreciation (+€14,662)
- Tangible fixed assets -€14,662
down €14,662 (-32.9%), from €44,520 to €29,859
- Deferred charges and accrued income -€13,217
down €13,217 (-29.1%), from €45,492 to €32,275
- Profit (loss) carried forward +€129,670
up €129,670 (+71.0%), from €182,679 to €312,349
- Other debts -€19,225
down €19,225 (-25.6%), from €74,955 to €55,731
- Accrued charges and deferred income -€13,800
down €13,800 (-100.0%), from €13,800 to €0
- Trade debts +€6,953
up €6,953, from €0 to €6,953
- Gross operating margin +€7,597
up €7,597 (+4.3%), from €177,965 to €185,562
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 | €292,434 | €396,033 | +€103,598 | +35.4% |
| Fixed assets | 21/28 | €44,520 | €29,859 | -€14,662 | -32.9% |
| Tangible fixed assets | 22/27 | €44,520 | €29,859 | -€14,662 | -32.9% |
| Furniture and vehicles | 24 | €44,520 | €29,859 | -€14,662 | -32.9% |
| Current assets | 29/58 | €247,914 | €366,174 | +€118,260 | +47.7% |
| Cash at bank and in hand | 54/58 | €202,422 | €333,899 | +€131,477 | +65.0% |
| Deferred charges and accrued income | 490/1 | €45,492 | €32,275 | -€13,217 | -29.1% |
| Total equity and liabilities | 10/49 | €292,434 | €396,033 | +€103,598 | +35.4% |
| Equity | 10/15 | €184,679 | €314,349 | +€129,670 | +70.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,679 | €312,349 | +€129,670 | +71.0% |
| Amounts payable | 17/49 | €107,755 | €81,684 | -€26,072 | -24.2% |
| Amounts payable within one year | 42/48 | €93,955 | €81,684 | -€12,272 | -13.1% |
| Trade debts | 44 | €0 | €6,953 | +€6,953 | |
| Suppliers | 440/4 | €0 | €6,953 | +€6,953 | |
| Taxes, remuneration and social security | 45 | €19,000 | €19,000 | = | 0.0% |
| Taxes | 450/3 | €19,000 | €19,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €74,955 | €55,731 | -€19,225 | -25.6% |
| Accrued charges and deferred income | 492/3 | €13,800 | €0 | -€13,800 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,662 | €14,662 | = | 0.0% |
| Other operating charges | 640/8 | €1,139 | €1,177 | +€38 | +3.3% |
| Gross operating margin | 9900 | €177,965 | €185,562 | +€7,597 | +4.3% |
| Operating profit (loss) | 9901 | €162,164 | €169,724 | +€7,560 | +4.7% |
| Financial charges | 65/66B | €62 | €54 | -€8 | -13.0% |
| Recurring financial charges | 65 | €62 | €54 | -€8 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €162,102 | €169,670 | +€7,568 | +4.7% |
| Income taxes | 67/77 | €40,093 | €40,000 | -€93 | -0.2% |
| Profit (loss) for the period | 9904 | €122,009 | €129,670 | +€7,661 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,009 | €129,670 | +€7,661 | +6.3% |
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 3 October 2026 via checked.be.