MEMATO: 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.
MEMATO
Largest movements
- Current investments +€14,677
up €14,677 (+9.2%), from €160,000 to €174,677
- Reserves +€14,354
up €14,354 (+7.0%), from €204,055 to €218,409
- Tax, wage and social debts -€2,437
down €2,437 (-26.9%), from €9,061 to €6,623
of which Remuneration and social security: -€2,700
- Financial charges -€110,801
down €110,801 (-97.3%), from €113,820 to €3,019
of which Non-recurring financial charges: -€110,000
- Gross operating margin -€6,726
down €6,726 (-25.2%), from €26,726 to €20,000
- Financial income -€1,194
down €1,194 (-26.9%), from €4,437 to €3,243
- Taxes -€1,006
down €1,006 (-16.0%), from €6,281 to €5,274
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 | €215,015 | €229,166 | +€14,151 | +6.6% |
| Fixed assets | 21/28 | €1,808 | €1,612 | -€196 | -10.8% |
| Tangible fixed assets | 22/27 | €1,808 | €1,612 | -€196 | -10.8% |
| Plant, machinery and equipment | 23 | €1,808 | €1,612 | -€196 | -10.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €213,207 | €227,554 | +€14,347 | +6.7% |
| Amounts receivable after more than one year | 29 | €17,098 | €17,617 | +€520 | +3.0% |
| Other amounts receivable | 291 | €17,098 | €17,617 | +€520 | +3.0% |
| Amounts receivable within one year | 40/41 | €12,366 | €10,890 | -€1,476 | -11.9% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €1,476 | €0 | -€1,476 | -100.0% |
| Current investments | 50/53 | €160,000 | €174,677 | +€14,677 | +9.2% |
| Cash at bank and in hand | 54/58 | €21,341 | €22,443 | +€1,102 | +5.2% |
| Deferred charges and accrued income | 490/1 | €2,402 | €1,926 | -€476 | -19.8% |
| Total equity and liabilities | 10/49 | €215,015 | €229,166 | +€14,151 | +6.6% |
| Equity | 10/15 | €204,555 | €218,909 | +€14,354 | +7.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €204,055 | €218,409 | +€14,354 | +7.0% |
| Distributable reserves | 133 | €204,055 | €218,409 | +€14,354 | +7.0% |
| Amounts payable | 17/49 | €10,460 | €10,257 | -€203 | -1.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €10,460 | €10,257 | -€203 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €1,346 | +€1,346 | |
| Credit institutions | 430/8 | - | €1,346 | +€1,346 | |
| Trade debts | 44 | €315 | €117 | -€198 | -62.8% |
| Suppliers | 440/4 | €315 | €117 | -€198 | -62.8% |
| Taxes, remuneration and social security | 45 | €9,061 | €6,623 | -€2,437 | -26.9% |
| Taxes | 450/3 | €6,361 | €6,623 | +€263 | +4.1% |
| Remuneration and social security | 454/9 | €2,700 | €0 | -€2,700 | -100.0% |
| Other amounts payable | 47/48 | €1,085 | €2,171 | +€1,086 | +100.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €17,531 | €0 | -€17,531 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150 | €196 | +€46 | +30.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,726 | €20,000 | -€6,726 | -25.2% |
| Operating profit (loss) | 9901 | €26,189 | €19,405 | -€6,785 | -25.9% |
| Financial income | 75/76B | €4,437 | €3,243 | -€1,194 | -26.9% |
| Recurring financial income | 75 | €4,437 | €3,243 | -€1,194 | -26.9% |
| Financial charges | 65/66B | €113,820 | €3,019 | -€110,801 | -97.3% |
| Recurring financial charges | 65 | €3,820 | €3,019 | -€801 | -21.0% |
| Non-recurring financial charges | 66B | €110,000 | €0 | -€110,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€83,194 | €19,629 | +€102,823 | |
| Income taxes | 67/77 | €6,281 | €5,274 | -€1,006 | -16.0% |
| Profit (loss) for the period | 9904 | -€89,475 | €14,354 | +€103,830 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,475 | €14,354 | +€103,830 |
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 10 October 2026 via checked.be.