MAMZELLEGROUP: 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.
MAMZELLEGROUP
Largest movements
- Cash -€72,211
down €72,211 (-45.1%), from €159,957 to €87,745
mainly Other debts (-€87,038) and Receivables within one year (-€60,362)
- Receivables within one year +€60,362
up €60,362 (+134%), from €45,102 to €105,463
of which Other amounts receivable: +€30,560
- Tangible fixed assets +€12,310
up €12,310 (+6.8%), from €181,964 to €194,273
of which Other tangible fixed assets: +€8,264
- Other debts -€87,038
down €87,038 (-36.9%), from €235,625 to €148,587
- Reserves +€80,882
up €80,882 (+56.1%), from €144,131 to €225,014
- Debts after one year -€24,088
down €24,088 (-22.1%), from €109,229 to €85,141
- Trade debts +€23,224
up €23,224 (+54.2%), from €42,812 to €66,035
- Tax, wage and social debts +€11,938
up €11,938 (+297%), from €4,014 to €15,952
of which Taxes: +€9,952
- Gross operating margin +€51,712
up €51,712 (+27.3%), from €189,602 to €241,314
- Staff costs +€43,339
up €43,339 (+96.2%), from €45,070 to €88,409
- Financial charges -€6,332
down €6,332 (-75.7%), from €8,367 to €2,035
- Taxes +€4,661
up €4,661 (+16.9%), from €27,524 to €32,185
- Other operating charges -€4,304
down €4,304 (-57.3%), from €7,512 to €3,208
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 | €589,252 | €591,088 | +€1,836 | +0.3% |
| Fixed assets | 21/28 | €373,073 | €384,944 | +€11,871 | +3.2% |
| Intangible fixed assets | 21 | €2,313 | €1,874 | -€439 | -19.0% |
| Tangible fixed assets | 22/27 | €181,964 | €194,273 | +€12,310 | +6.8% |
| Plant, machinery and equipment | 23 | €31,205 | €33,125 | +€1,920 | +6.2% |
| Furniture and vehicles | 24 | €7,951 | €10,076 | +€2,126 | +26.7% |
| Other tangible fixed assets | 26 | €142,808 | €151,072 | +€8,264 | +5.8% |
| Financial fixed assets | 28 | €188,797 | €188,797 | = | 0.0% |
| Current assets | 29/58 | €216,179 | €206,144 | -€10,035 | -4.6% |
| Stocks and contracts in progress | 3 | €10,287 | €10,595 | +€309 | +3.0% |
| Stocks | 30/36 | €10,287 | €10,595 | +€309 | +3.0% |
| Amounts receivable within one year | 40/41 | €45,102 | €105,463 | +€60,362 | +134% |
| Trade receivables | 40 | €34,378 | €64,180 | +€29,802 | +86.7% |
| Other amounts receivable | 41 | €10,723 | €41,283 | +€30,560 | +285% |
| Cash at bank and in hand | 54/58 | €159,957 | €87,745 | -€72,211 | -45.1% |
| Deferred charges and accrued income | 490/1 | €834 | €2,340 | +€1,506 | +180% |
| Total equity and liabilities | 10/49 | €589,252 | €591,088 | +€1,836 | +0.3% |
| Equity | 10/15 | €169,131 | €250,014 | +€80,882 | +47.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €144,131 | €225,014 | +€80,882 | +56.1% |
| Distributable reserves | 133 | €144,131 | €225,014 | +€80,882 | +56.1% |
| Amounts payable | 17/49 | €420,121 | €341,074 | -€79,046 | -18.8% |
| Amounts payable after more than one year | 17 | €109,229 | €85,141 | -€24,088 | -22.1% |
| Financial debts | 170/4 | €109,229 | €85,141 | -€24,088 | -22.1% |
| Amounts payable within one year | 42/48 | €310,326 | €255,834 | -€54,492 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €23,771 | €24,088 | +€316 | +1.3% |
| Trade debts | 44 | €42,812 | €66,035 | +€23,224 | +54.2% |
| Suppliers | 440/4 | €42,812 | €66,035 | +€23,224 | +54.2% |
| Advances received on contracts in progress | 46 | €4,104 | €1,172 | -€2,932 | -71.4% |
| Taxes, remuneration and social security | 45 | €4,014 | €15,952 | +€11,938 | +297% |
| Taxes | 450/3 | €2,155 | €12,107 | +€9,952 | +462% |
| Remuneration and social security | 454/9 | €1,859 | €3,845 | +€1,986 | +107% |
| Other amounts payable | 47/48 | €235,625 | €148,587 | -€87,038 | -36.9% |
| Accrued charges and deferred income | 492/3 | €565 | €99 | -€466 | -82.5% |
| Remuneration, social security and pensions | 62 | €45,070 | €88,409 | +€43,339 | +96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,460 | €35,084 | -€1,376 | -3.8% |
| Other operating charges | 640/8 | €7,512 | €3,208 | -€4,304 | -57.3% |
| Gross operating margin | 9900 | €189,602 | €241,314 | +€51,712 | +27.3% |
| Operating profit (loss) | 9901 | €100,560 | €114,614 | +€14,054 | +14.0% |
| Financial income | 75/76B | €2,961 | €488 | -€2,473 | -83.5% |
| Recurring financial income | 75 | €2,961 | €488 | -€2,473 | -83.5% |
| Financial charges | 65/66B | €8,367 | €2,035 | -€6,332 | -75.7% |
| Recurring financial charges | 65 | €8,367 | €2,035 | -€6,332 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | €95,155 | €113,068 | +€17,913 | +18.8% |
| Income taxes | 67/77 | €27,524 | €32,185 | +€4,661 | +16.9% |
| Profit (loss) for the period | 9904 | €67,631 | €80,882 | +€13,252 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,631 | €80,882 | +€13,252 | +19.6% |
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 23 October 2026 via checked.be.