MaMuse: 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.
MaMuse
Largest movements
- Cash -€23,327
down €23,327 (-16.0%), from €145,884 to €122,557
mainly Net result for the year (-€29,059) and Receivables within one year (-€6,528)
- Receivables within one year +€6,528
up €6,528 (+11.7%), from €55,579 to €62,107
of which Trade receivables: +€5,034
- Tangible fixed assets -€6,440
down €6,440 (-37.2%), from €17,309 to €10,869
of which Furniture and vehicles: -€5,779
- Profit (loss) carried forward -€29,059
down €29,059, from €22,352 to -€6,707
- Trade debts +€8,887
up €8,887 (+127%), from €6,997 to €15,884
- Tax, wage and social debts -€2,782
down €2,782 (-78.1%), from €3,563 to €781
of which Remuneration and social security: -€1,694
- Gross operating margin +€21,519
up €21,519 (+60.9%), from -€35,362 to -€13,843
- Staff costs +€6,012
up €6,012 (+1,564%), from €384 to €6,396
- Other operating charges +€1,172
up €1,172 (+67.1%), from €1,747 to €2,920
- Depreciation -€394
down €394 (-5.8%), from €6,834 to €6,440
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 | €220,217 | €197,263 | -€22,954 | -10.4% |
| Fixed assets | 21/28 | €17,309 | €10,869 | -€6,440 | -37.2% |
| Tangible fixed assets | 22/27 | €17,309 | €10,869 | -€6,440 | -37.2% |
| Plant, machinery and equipment | 23 | €992 | €331 | -€661 | -66.7% |
| Furniture and vehicles | 24 | €16,318 | €10,539 | -€5,779 | -35.4% |
| Current assets | 29/58 | €202,907 | €186,393 | -€16,514 | -8.1% |
| Amounts receivable within one year | 40/41 | €55,579 | €62,107 | +€6,528 | +11.7% |
| Trade receivables | 40 | €3,629 | €8,662 | +€5,034 | +139% |
| Other amounts receivable | 41 | €51,950 | €53,445 | +€1,495 | +2.9% |
| Cash at bank and in hand | 54/58 | €145,884 | €122,557 | -€23,327 | -16.0% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,729 | +€285 | +19.7% |
| Total equity and liabilities | 10/49 | €220,217 | €197,263 | -€22,954 | -10.4% |
| Equity | 10/15 | €209,657 | €180,598 | -€29,059 | -13.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €168,755 | €168,755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €166,900 | €166,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,352 | -€6,707 | -€29,059 | |
| Amounts payable | 17/49 | €10,560 | €16,665 | +€6,105 | +57.8% |
| Amounts payable within one year | 42/48 | €10,560 | €16,665 | +€6,105 | +57.8% |
| Trade debts | 44 | €6,997 | €15,884 | +€8,887 | +127% |
| Suppliers | 440/4 | €6,997 | €15,884 | +€8,887 | +127% |
| Taxes, remuneration and social security | 45 | €3,563 | €781 | -€2,782 | -78.1% |
| Taxes | 450/3 | €1,869 | €781 | -€1,088 | -58.2% |
| Remuneration and social security | 454/9 | €1,694 | - | -€1,694 | |
| Remuneration, social security and pensions | 62 | €384 | €6,396 | +€6,012 | +1,564% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,834 | €6,440 | -€394 | -5.8% |
| Other operating charges | 640/8 | €1,747 | €2,920 | +€1,172 | +67.1% |
| Gross operating margin | 9900 | -€35,362 | -€13,843 | +€21,519 | +60.9% |
| Operating profit (loss) | 9901 | -€44,328 | -€29,599 | +€14,729 | +33.2% |
| Financial income | 75/76B | €793 | €847 | +€54 | +6.8% |
| Recurring financial income | 75 | €793 | €847 | +€54 | +6.8% |
| Financial charges | 65/66B | €169 | €307 | +€138 | +81.5% |
| Recurring financial charges | 65 | €169 | €307 | +€138 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,704 | -€29,059 | +€14,645 | +33.5% |
| Profit (loss) for the period | 9904 | -€43,704 | -€29,059 | +€14,645 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,704 | -€29,059 | +€14,645 | +33.5% |
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 15 October 2026 via checked.be.