MAMZELS: 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.
MAMZELS
Largest movements
- Tangible fixed assets +€66,856
up €66,856 (+10.1%), from €660,424 to €727,281
of which Land and buildings: +€58,976
- Receivables within one year +€30,759
up €30,759 (+45.1%), from €68,255 to €99,014
of which Trade receivables: +€33,572
- Cash +€25,490
up €25,490 (+839%), from €3,038 to €28,528
mainly Debts after one year (+€68,836) and Net result for the year (+€64,615)
- Debts after one year +€68,836
new in 2025: €68,836
- Reserves +€65,144
up €65,144 (+17.7%), from €367,621 to €432,765
of which Distributable reserves: +€65,144
- Accrued charges and deferred income -€30,000
no longer reported in 2025 (was €30,000)
- Current portion of long-term debt +€10,324
new in 2025: €10,324
- Tax, wage and social debts +€9,448
new in 2025: €9,448
- Gross operating margin +€149,630
up €149,630, from -€34,128 to €115,502
- Taxes +€6,462
new in 2025: €6,462
- Depreciation +€3,420
up €3,420 (+9.1%), from €37,553 to €40,973
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 | €754,117 | €874,470 | +€120,352 | +16.0% |
| Fixed assets | 21/28 | €678,924 | €745,781 | +€66,856 | +9.8% |
| Tangible fixed assets | 22/27 | €660,424 | €727,281 | +€66,856 | +10.1% |
| Land and buildings | 22 | €652,227 | €711,203 | +€58,976 | +9.0% |
| Plant, machinery and equipment | 23 | €2,090 | €3,876 | +€1,787 | +85.5% |
| Furniture and vehicles | 24 | €6,107 | €12,201 | +€6,094 | +99.8% |
| Financial fixed assets | 28 | €18,500 | €18,500 | = | 0.0% |
| Current assets | 29/58 | €75,193 | €128,689 | +€53,496 | +71.1% |
| Amounts receivable within one year | 40/41 | €68,255 | €99,014 | +€30,759 | +45.1% |
| Trade receivables | 40 | €65,442 | €99,014 | +€33,572 | +51.3% |
| Other amounts receivable | 41 | €2,813 | - | -€2,813 | |
| Cash at bank and in hand | 54/58 | €3,038 | €28,528 | +€25,490 | +839% |
| Deferred charges and accrued income | 490/1 | €3,900 | €1,147 | -€2,753 | -70.6% |
| Total equity and liabilities | 10/49 | €754,117 | €874,470 | +€120,352 | +16.0% |
| Equity | 10/15 | €386,221 | €451,365 | +€65,144 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €367,621 | €432,765 | +€65,144 | +17.7% |
| 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 | €365,761 | €430,905 | +€65,144 | +17.8% |
| Amounts payable | 17/49 | €367,896 | €423,105 | +€55,209 | +15.0% |
| Amounts payable after more than one year | 17 | - | €68,836 | +€68,836 | |
| Financial debts | 170/4 | - | €68,836 | +€68,836 | |
| Amounts payable within one year | 42/48 | €337,896 | €354,269 | +€16,373 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | - | €10,324 | +€10,324 | |
| Trade debts | 44 | €6,703 | €1,430 | -€5,273 | -78.7% |
| Suppliers | 440/4 | €6,703 | €1,430 | -€5,273 | -78.7% |
| Taxes, remuneration and social security | 45 | - | €9,448 | +€9,448 | |
| Taxes | 450/3 | - | €9,448 | +€9,448 | |
| Other amounts payable | 47/48 | €331,193 | €333,068 | +€1,874 | +0.6% |
| Accrued charges and deferred income | 492/3 | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,553 | €40,973 | +€3,420 | +9.1% |
| Other operating charges | 640/8 | €1,503 | €1,886 | +€383 | +25.5% |
| Gross operating margin | 9900 | -€34,128 | €115,502 | +€149,630 | |
| Operating profit (loss) | 9901 | -€73,184 | €72,643 | +€145,827 | |
| Financial income | 75/76B | - | €1,077 | +€1,077 | |
| Recurring financial income | 75 | - | €1,077 | +€1,077 | |
| Financial charges | 65/66B | €2,614 | €2,644 | +€30 | +1.1% |
| Recurring financial charges | 65 | €2,614 | €2,644 | +€30 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€75,798 | €71,077 | +€146,875 | |
| Income taxes | 67/77 | - | €6,462 | +€6,462 | |
| Profit (loss) for the period | 9904 | -€75,798 | €64,615 | +€140,413 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,798 | €64,615 | +€140,413 |
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 16 October 2026 via checked.be.