MAMY: 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.
MAMY
Largest movements
- Receivables within one year +€111,838
up €111,838 (+107%), from €104,785 to €216,623
of which Trade receivables: +€93,330
- Tangible fixed assets +€16,477
up €16,477 (+29.2%), from €56,487 to €72,965
of which Plant, machinery and equipment: +€19,214
- Advances received +€48,259
new in 2025: €48,259
- Reserves +€44,145
up €44,145 (+92.5%), from €47,732 to €91,876
of which Distributable reserves: +€44,145
- Trade debts +€34,161
up €34,161 (+26.1%), from €130,826 to €164,987
- Gross operating margin +€71,190
up €71,190 (+143%), from €49,846 to €121,036
- Staff costs +€24,996
new in 2025: €24,996
- Depreciation +€14,066
up €14,066 (+112%), from €12,577 to €26,643
- Taxes +€8,650
up €8,650 (+75.6%), from €11,441 to €20,091
- Other operating charges +€2,045
up €2,045 (+228%), from €899 to €2,944
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 | €385,610 | €516,598 | +€130,988 | +34.0% |
| Fixed assets | 21/28 | €56,487 | €72,965 | +€16,477 | +29.2% |
| Tangible fixed assets | 22/27 | €56,487 | €72,965 | +€16,477 | +29.2% |
| Plant, machinery and equipment | 23 | €21,440 | €40,655 | +€19,214 | +89.6% |
| Furniture and vehicles | 24 | €35,047 | €32,310 | -€2,737 | -7.8% |
| Current assets | 29/58 | €329,123 | €443,633 | +€114,511 | +34.8% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €104,785 | €216,623 | +€111,838 | +107% |
| Trade receivables | 40 | €92,203 | €185,532 | +€93,330 | +101% |
| Other amounts receivable | 41 | €12,582 | €31,091 | +€18,508 | +147% |
| Cash at bank and in hand | 54/58 | €221,838 | €223,859 | +€2,021 | +0.9% |
| Deferred charges and accrued income | 490/1 | €0 | €651 | +€651 | |
| Total equity and liabilities | 10/49 | €385,610 | €516,598 | +€130,988 | +34.0% |
| Equity | 10/15 | €53,932 | €98,076 | +€44,145 | +81.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,732 | €91,876 | +€44,145 | +92.5% |
| 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 | €45,872 | €90,016 | +€44,145 | +96.2% |
| Amounts payable | 17/49 | €331,678 | €418,522 | +€86,844 | +26.2% |
| Amounts payable within one year | 42/48 | €331,678 | €418,522 | +€86,844 | +26.2% |
| Trade debts | 44 | €130,826 | €164,987 | +€34,161 | +26.1% |
| Suppliers | 440/4 | €130,826 | €164,987 | +€34,161 | +26.1% |
| Advances received on contracts in progress | 46 | - | €48,259 | +€48,259 | |
| Taxes, remuneration and social security | 45 | €9,573 | €10,397 | +€824 | +8.6% |
| Taxes | 450/3 | €9,573 | €4,656 | -€4,917 | -51.4% |
| Remuneration and social security | 454/9 | - | €5,741 | +€5,741 | |
| Other amounts payable | 47/48 | €191,279 | €194,879 | +€3,600 | +1.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €24,996 | +€24,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,577 | €26,643 | +€14,066 | +112% |
| Other operating charges | 640/8 | €899 | €2,944 | +€2,045 | +228% |
| Non-recurring operating charges | 66A | €3,463 | €0 | -€3,463 | -100% |
| Gross operating margin | 9900 | €49,846 | €121,036 | +€71,190 | +143% |
| Operating profit (loss) | 9901 | €32,907 | €66,452 | +€33,546 | +102% |
| Financial income | 75/76B | €31 | €236 | +€205 | +663% |
| Recurring financial income | 75 | €31 | €236 | +€205 | +663% |
| Financial charges | 65/66B | €780 | €2,453 | +€1,673 | +214% |
| Recurring financial charges | 65 | €780 | €2,453 | +€1,673 | +214% |
| Profit (loss) for the period before taxes | 9903 | €32,158 | €64,236 | +€32,078 | +99.8% |
| Income taxes | 67/77 | €11,441 | €20,091 | +€8,650 | +75.6% |
| Profit (loss) for the period | 9904 | €20,717 | €44,145 | +€23,428 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €20,717 | €44,145 | +€23,428 | +113% |
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 22 October 2026 via checked.be.