MAMZE: 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.
MAMZE
Largest movements
- Receivables within one year -€235
down €235 (-87.4%), from €269 to €34
- Profit (loss) carried forward -€352
down €352 (-1.4%), from -€25,495 to -€25,848
- Trade debts +€102
up €102 (+341.1%), from €30 to €132
- Depreciation -€1,294
no longer reported in 2025 (was €1,294)
- Gross operating margin +€404
up €404 (+3432.5%), from €12 to €415
- Other operating charges +€86
up €86 (+14.2%), from €604 to €689
- Financial charges +€8
up €8 (+12.1%), from €70 to €78
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 | €9,082 | €8,832 | -€250 | -2.8% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €9,082 | €8,832 | -€250 | -2.8% |
| Stocks and contracts in progress | 3 | €7,239 | €7,239 | +€0 | 0.0% |
| Stocks | 30/36 | €7,239 | €7,239 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €269 | €34 | -€235 | -87.4% |
| Other amounts receivable | 41 | €269 | €34 | -€235 | -87.4% |
| Cash at bank and in hand | 54/58 | €1,574 | €1,559 | -€15 | -1.0% |
| Total equity and liabilities | 10/49 | €9,082 | €8,832 | -€250 | -2.8% |
| Equity | 10/15 | -€15,495 | -€15,848 | -€352 | -2.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,495 | -€25,848 | -€352 | -1.4% |
| Amounts payable | 17/49 | €24,577 | €24,679 | +€102 | +0.4% |
| Amounts payable within one year | 42/48 | €24,577 | €24,679 | +€102 | +0.4% |
| Trade debts | 44 | €30 | €132 | +€102 | +341.1% |
| Suppliers | 440/4 | €30 | €132 | +€102 | +341.1% |
| Other amounts payable | 47/48 | €24,547 | €24,547 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | - | -€1,294 | |
| Other operating charges | 640/8 | €604 | €689 | +€86 | +14.2% |
| Gross operating margin | 9900 | €12 | €415 | +€404 | +3432.5% |
| Operating profit (loss) | 9901 | -€1,886 | -€274 | +€1,612 | +85.5% |
| Financial charges | 65/66B | €70 | €78 | +€8 | +12.1% |
| Recurring financial charges | 65 | €70 | €78 | +€8 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,956 | -€352 | +€1,604 | +82.0% |
| Profit (loss) for the period | 9904 | -€1,956 | -€352 | +€1,604 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,956 | -€352 | +€1,604 | +82.0% |
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 5 October 2026 via checked.be.