Memento Management: what changed
Memento Management
Largest movements
- Cash -€185,384
down €185,384 (-73.5%), from €252,126 to €66,742
mainly Current investments (-€149,656) and Receivables within one year (-€39,508)
- Current investments +€149,656
new in 2025: €149,656
- Receivables within one year +€39,508
up €39,508 (+42.1%), from €93,948 to €133,455
of which Other amounts receivable: +€46,315
- Deferred charges and accrued income +€27,303
up €27,303 (+2,600%), from €1,050 to €28,353
- Reserves +€73,943
up €73,943 (+31.2%), from €237,235 to €311,178
of which Distributable reserves: +€75,803
- Trade debts -€24,530
down €24,530 (-68.5%), from €35,833 to €11,303
- Other debts -€22,778
no longer reported in 2025 (was €22,778)
- Tax, wage and social debts +€5,572
up €5,572 (+13.3%), from €41,885 to €47,457
of which Taxes: +€4,413
- Gross operating margin +€77,961
up €77,961 (+68.7%), from €113,517 to €191,478
- Taxes +€22,977
up €22,977 (+118%), from €19,544 to €42,521
- Depreciation -€3,122
down €3,122 (-62.8%), from €4,974 to €1,851
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,131 | €383,338 | +€33,207 | +9.5% |
| Fixed assets | 21/28 | €3,007 | €5,131 | +€2,124 | +70.6% |
| Tangible fixed assets | 22/27 | €2,907 | €5,031 | +€2,124 | +73.0% |
| Furniture and vehicles | 24 | €1,978 | €579 | -€1,399 | -70.7% |
| Other tangible fixed assets | 26 | €930 | €4,452 | +€3,523 | +379% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €347,124 | €378,207 | +€31,083 | +9.0% |
| Amounts receivable within one year | 40/41 | €93,948 | €133,455 | +€39,508 | +42.1% |
| Trade receivables | 40 | €93,948 | €87,141 | -€6,807 | -7.2% |
| Other amounts receivable | 41 | - | €46,315 | +€46,315 | |
| Current investments | 50/53 | - | €149,656 | +€149,656 | |
| Cash at bank and in hand | 54/58 | €252,126 | €66,742 | -€185,384 | -73.5% |
| Deferred charges and accrued income | 490/1 | €1,050 | €28,353 | +€27,303 | +2,600% |
| Total equity and liabilities | 10/49 | €350,131 | €383,338 | +€33,207 | +9.5% |
| Equity | 10/15 | €249,635 | €323,578 | +€73,943 | +29.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,235 | €311,178 | +€73,943 | +31.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €235,375 | €311,178 | +€75,803 | +32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100% |
| Amounts payable | 17/49 | €100,496 | €59,760 | -€40,736 | -40.5% |
| Amounts payable within one year | 42/48 | €100,496 | €58,760 | -€41,736 | -41.5% |
| Trade debts | 44 | €35,833 | €11,303 | -€24,530 | -68.5% |
| Suppliers | 440/4 | €35,833 | €11,303 | -€24,530 | -68.5% |
| Taxes, remuneration and social security | 45 | €41,885 | €47,457 | +€5,572 | +13.3% |
| Taxes | 450/3 | €32,587 | €37,000 | +€4,413 | +13.5% |
| Remuneration and social security | 454/9 | €9,298 | €10,457 | +€1,159 | +12.5% |
| Other amounts payable | 47/48 | €22,778 | - | -€22,778 | |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €46,957 | €48,356 | +€1,399 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,974 | €1,851 | -€3,122 | -62.8% |
| Other operating charges | 640/8 | €679 | €2,537 | +€1,857 | +273% |
| Gross operating margin | 9900 | €113,517 | €191,478 | +€77,961 | +68.7% |
| Operating profit (loss) | 9901 | €60,907 | €138,734 | +€77,826 | +128% |
| Financial income | 75/76B | €0 | €1,069 | +€1,069 | +2,138,460% |
| Recurring financial income | 75 | €0 | €1,069 | +€1,069 | +2,138,460% |
| Financial charges | 65/66B | €2,208 | €1,593 | -€615 | -27.9% |
| Recurring financial charges | 65 | €2,208 | €1,593 | -€615 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €58,699 | €138,210 | +€79,511 | +135% |
| Income taxes | 67/77 | €19,544 | €42,521 | +€22,977 | +118% |
| Profit (loss) for the period | 9904 | €39,155 | €95,689 | +€56,534 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €39,155 | €95,689 | +€56,534 | +144% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.