MaMull: 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.
MaMull
Largest movements
- Cash +€53,108
up €53,108 (+55.8%), from €95,097 to €148,205
mainly Net result for the year (+€57,606) and Trade debts (+€1,884)
- Profit (loss) carried forward +€57,606
up €57,606 (+73.2%), from €78,743 to €136,350
- Tax, wage and social debts -€5,871
down €5,871 (-21.1%), from €27,778 to €21,907
of which Taxes: -€7,571
- Trade debts +€1,884
up €1,884 (+285.8%), from €659 to €2,543
- Gross operating margin -€26,275
down €26,275 (-25.9%), from €101,587 to €75,312
- Taxes -€4,901
down €4,901 (-23.3%), from €21,077 to €16,176
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 | €109,840 | €163,467 | +€53,627 | +48.8% |
| Current assets | 29/58 | €109,840 | €163,467 | +€53,627 | +48.8% |
| Amounts receivable within one year | 40/41 | €13,457 | €13,631 | +€174 | +1.3% |
| Trade receivables | 40 | €13,457 | €13,631 | +€174 | +1.3% |
| Cash at bank and in hand | 54/58 | €95,097 | €148,205 | +€53,108 | +55.8% |
| Deferred charges and accrued income | 490/1 | €1,286 | €1,631 | +€345 | +26.8% |
| Total equity and liabilities | 10/49 | €109,840 | €163,467 | +€53,627 | +48.8% |
| Equity | 10/15 | €81,243 | €138,850 | +€57,606 | +70.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,743 | €136,350 | +€57,606 | +73.2% |
| Amounts payable | 17/49 | €28,597 | €24,618 | -€3,979 | -13.9% |
| Amounts payable within one year | 42/48 | €28,597 | €24,618 | -€3,979 | -13.9% |
| Financial debts | 43 | €27 | €36 | +€9 | +32.0% |
| Credit institutions | 430/8 | €27 | €36 | +€9 | +32.0% |
| Trade debts | 44 | €659 | €2,543 | +€1,884 | +285.8% |
| Suppliers | 440/4 | €659 | €2,543 | +€1,884 | +285.8% |
| Taxes, remuneration and social security | 45 | €27,778 | €21,907 | -€5,871 | -21.1% |
| Taxes | 450/3 | €27,778 | €20,207 | -€7,571 | -27.3% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €132 | €132 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €387 | €646 | +€259 | +66.9% |
| Gross operating margin | 9900 | €101,587 | €75,312 | -€26,275 | -25.9% |
| Operating profit (loss) | 9901 | €100,200 | €74,666 | -€25,534 | -25.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €379 | €884 | +€504 | +132.9% |
| Recurring financial charges | 65 | €379 | €884 | +€504 | +132.9% |
| Profit (loss) for the period before taxes | 9903 | €99,821 | €73,782 | -€26,038 | -26.1% |
| Income taxes | 67/77 | €21,077 | €16,176 | -€4,901 | -23.3% |
| Profit (loss) for the period | 9904 | €78,743 | €57,606 | -€21,137 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,743 | €57,606 | -€21,137 | -26.8% |
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.