Mamut: 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.
Mamut
Largest movements
- Cash +€39,622
up €39,622 (+33.9%), from €116,859 to €156,481
mainly Net result for the year (+€122,118) and Trade debts (+€22,867)
- Receivables within one year +€19,855
up €19,855 (+1,703%), from €1,166 to €21,021
of which Other amounts receivable: +€14,901
- Stocks and contracts +€16,591
up €16,591 (+7.8%), from €213,388 to €229,979
- Reserves +€122,118
up €122,118 (+20.7%), from €588,553 to €710,670
of which Distributable reserves: +€122,118
- Tax, wage and social debts -€41,101
down €41,101 (-58.5%), from €70,219 to €29,118
of which Taxes: -€51,642
- Other debts -€28,382
down €28,382 (-25.4%), from €111,890 to €83,508
- Trade debts +€22,867
up €22,867 (+233%), from €9,830 to €32,697
- Staff costs +€21,166
up €21,166 (+20.2%), from €104,660 to €125,826
- Gross operating margin -€20,670
down €20,670 (-6.2%), from €335,788 to €315,118
- Taxes -€14,210
down €14,210 (-21.1%), from €67,280 to €53,070
- Financial income +€10,256
up €10,256 (+569%), from €1,801 to €12,058
- Financial charges +€3,820
up €3,820 (+22.6%), from €16,925 to €20,746
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 | €805,638 | €883,688 | +€78,050 | +9.7% |
| Fixed assets | 21/28 | €21,723 | €19,756 | -€1,967 | -9.1% |
| Tangible fixed assets | 22/27 | €19,593 | €17,626 | -€1,967 | -10.0% |
| Land and buildings | 22 | €0 | €0 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,724 | €14,557 | -€1,167 | -7.4% |
| Furniture and vehicles | 24 | €3,869 | €3,069 | -€800 | -20.7% |
| Financial fixed assets | 28 | €2,130 | €2,130 | = | 0.0% |
| Current assets | 29/58 | €783,915 | €863,932 | +€80,017 | +10.2% |
| Stocks and contracts in progress | 3 | €213,388 | €229,979 | +€16,591 | +7.8% |
| Stocks | 30/36 | €213,388 | €229,979 | +€16,591 | +7.8% |
| Amounts receivable within one year | 40/41 | €1,166 | €21,021 | +€19,855 | +1,703% |
| Trade receivables | 40 | €1,166 | €6,120 | +€4,954 | +425% |
| Other amounts receivable | 41 | €0 | €14,901 | +€14,901 | |
| Current investments | 50/53 | €450,006 | €453,944 | +€3,938 | +0.9% |
| Cash at bank and in hand | 54/58 | €116,859 | €156,481 | +€39,622 | +33.9% |
| Deferred charges and accrued income | 490/1 | €2,496 | €2,507 | +€11 | +0.4% |
| Total equity and liabilities | 10/49 | €805,638 | €883,688 | +€78,050 | +9.7% |
| Equity | 10/15 | €607,153 | €729,270 | +€122,118 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €588,553 | €710,670 | +€122,118 | +20.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €586,693 | €708,810 | +€122,118 | +20.8% |
| Amounts payable | 17/49 | €198,485 | €154,418 | -€44,067 | -22.2% |
| Amounts payable within one year | 42/48 | €196,010 | €147,705 | -€48,305 | -24.6% |
| Financial debts | 43 | €1,291 | €2,383 | +€1,092 | +84.6% |
| Other loans | 439 | €1,291 | €2,383 | +€1,092 | +84.6% |
| Trade debts | 44 | €9,830 | €32,697 | +€22,867 | +233% |
| Suppliers | 440/4 | €9,830 | €32,697 | +€22,867 | +233% |
| Advances received on contracts in progress | 46 | €2,781 | €0 | -€2,781 | -100% |
| Taxes, remuneration and social security | 45 | €70,219 | €29,118 | -€41,101 | -58.5% |
| Taxes | 450/3 | €61,817 | €10,176 | -€51,642 | -83.5% |
| Remuneration and social security | 454/9 | €8,402 | €18,942 | +€10,541 | +125% |
| Other amounts payable | 47/48 | €111,890 | €83,508 | -€28,382 | -25.4% |
| Accrued charges and deferred income | 492/3 | €2,475 | €6,713 | +€4,237 | +171% |
| Remuneration, social security and pensions | 62 | €104,660 | €125,826 | +€21,166 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,521 | €4,267 | -€255 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,930 | €0 | -€2,930 | -100% |
| Other operating charges | 640/8 | €1,009 | €1,150 | +€141 | +14.0% |
| Gross operating margin | 9900 | €335,788 | €315,118 | -€20,670 | -6.2% |
| Operating profit (loss) | 9901 | €222,668 | €183,876 | -€38,792 | -17.4% |
| Financial income | 75/76B | €1,801 | €12,058 | +€10,256 | +569% |
| Recurring financial income | 75 | €1,801 | €12,058 | +€10,256 | +569% |
| Financial charges | 65/66B | €16,925 | €20,746 | +€3,820 | +22.6% |
| Recurring financial charges | 65 | €16,925 | €20,746 | +€3,820 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €207,544 | €175,188 | -€32,356 | -15.6% |
| Income taxes | 67/77 | €67,280 | €53,070 | -€14,210 | -21.1% |
| Profit (loss) for the period | 9904 | €140,264 | €122,118 | -€18,147 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €140,264 | €122,118 | -€18,147 | -12.9% |
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 25 October 2026 via checked.be.