MEMENTO MORI: 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.
MEMENTO MORI
Largest movements
- Receivables within one year -€37,363
down €37,363 (-22.6%), from €165,471 to €128,108
of which Trade receivables: -€38,000
- Cash -€16,363
down €16,363 (-77.7%), from €21,052 to €4,689
mainly Tax, wage and social debts (-€26,534) and Debts after one year (-€16,577)
- Tangible fixed assets -€11,197
down €11,197 (-4.1%), from €270,000 to €258,802
of which Land and buildings: -€21,381
- Tax, wage and social debts -€26,534
down €26,534 (-97.0%), from €27,354 to €819
- Debts after one year -€16,577
down €16,577 (-11.5%), from €144,500 to €127,923
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Investment grants -€6,257
down €6,257 (-20.0%), from €31,284 to €25,027
- Gross operating margin -€25,599
down €25,599 (-57.2%), from €44,741 to €19,142
- Taxes -€3,533
down €3,533 (-60.9%), from €5,802 to €2,270
- Depreciation +€1,587
up €1,587 (+7.4%), from €21,591 to €23,178
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 | €457,443 | €392,520 | -€64,923 | -14.2% |
| Fixed assets | 21/28 | €270,920 | €259,722 | -€11,197 | -4.1% |
| Tangible fixed assets | 22/27 | €270,000 | €258,802 | -€11,197 | -4.1% |
| Land and buildings | 22 | €269,729 | €248,348 | -€21,381 | -7.9% |
| Furniture and vehicles | 24 | €270 | €270 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €10,184 | +€10,184 | |
| Financial fixed assets | 28 | €920 | €920 | = | 0.0% |
| Current assets | 29/58 | €186,523 | €132,797 | -€53,726 | -28.8% |
| Amounts receivable within one year | 40/41 | €165,471 | €128,108 | -€37,363 | -22.6% |
| Trade receivables | 40 | €165,471 | €127,471 | -€38,000 | -23.0% |
| Other amounts receivable | 41 | - | €637 | +€637 | |
| Cash at bank and in hand | 54/58 | €21,052 | €4,689 | -€16,363 | -77.7% |
| Total equity and liabilities | 10/49 | €457,443 | €392,520 | -€64,923 | -14.2% |
| Equity | 10/15 | €142,849 | €134,489 | -€8,360 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,671 | €73,831 | -€2,840 | -3.7% |
| Tax-exempt reserves | 132 | €76,671 | €73,831 | -€2,840 | -3.7% |
| Profit (loss) carried forward | 14 | €16,295 | €17,032 | +€736 | +4.5% |
| Investment grants | 15 | €31,284 | €25,027 | -€6,257 | -20.0% |
| Provisions and deferred taxes | 16 | €27,667 | €25,335 | -€2,331 | -8.4% |
| Deferred taxes | 168 | €27,667 | €25,335 | -€2,331 | -8.4% |
| Amounts payable | 17/49 | €286,927 | €232,695 | -€54,232 | -18.9% |
| Amounts payable after more than one year | 17 | €144,500 | €127,923 | -€16,577 | -11.5% |
| Financial debts | 170/4 | €144,500 | €127,923 | -€16,577 | -11.5% |
| Amounts payable within one year | 42/48 | €142,427 | €104,772 | -€37,655 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €24,705 | €25,214 | +€509 | +2.1% |
| Trade debts | 44 | €2,443 | €3,520 | +€1,077 | +44.1% |
| Suppliers | 440/4 | €2,443 | €3,520 | +€1,077 | +44.1% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €27,354 | €819 | -€26,534 | -97.0% |
| Taxes | 450/3 | €27,354 | €819 | -€26,534 | -97.0% |
| Other amounts payable | 47/48 | €77,926 | €75,219 | -€2,707 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,591 | €23,178 | +€1,587 | +7.4% |
| Other operating charges | 640/8 | €934 | €971 | +€38 | +4.1% |
| Gross operating margin | 9900 | €44,741 | €19,142 | -€25,599 | -57.2% |
| Operating profit (loss) | 9901 | €22,216 | -€5,008 | -€27,224 | |
| Financial income | 75/76B | €6,258 | €6,258 | -€0 | 0.0% |
| Recurring financial income | 75 | €6,258 | €6,258 | -€0 | 0.0% |
| Financial charges | 65/66B | €3,740 | €3,415 | -€325 | -8.7% |
| Recurring financial charges | 65 | €3,740 | €3,415 | -€325 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €24,735 | -€2,165 | -€26,900 | |
| Transfer from deferred taxes | 780 | €2,331 | €2,331 | = | 0.0% |
| Income taxes | 67/77 | €5,802 | €2,270 | -€3,533 | -60.9% |
| Profit (loss) for the period | 9904 | €21,264 | -€2,103 | -€23,367 | |
| Transfer from tax-exempt reserves | 789 | €2,840 | €2,840 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,103 | €736 | -€23,367 | -96.9% |
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 25 October 2026 via checked.be.