MEMON: what changed
MEMON
Largest movements
- Cash -€24,191
down €24,191 (-24.9%), from €97,346 to €73,156
mainly Investment in fixed assets (net) (-€37,127) and Trade debts (-€30,745)
- Tangible fixed assets +€20,711
up €20,711 (+37.4%), from €55,307 to €76,018
of which Leasing and similar rights: +€22,544
- Receivables within one year +€17,733
up €17,733 (+63.2%), from €28,039 to €45,772
of which Other amounts receivable: +€15,942
- Trade debts -€30,745
down €30,745 (-44.2%), from €69,617 to €38,872
- Profit (loss) carried forward +€24,117
up €24,117 (+33.6%), from €71,768 to €95,885
- Debts after one year +€18,172
new in 2025: €18,172
- Current portion of long-term debt +€4,432
new in 2025: €4,432
- Gross operating margin -€8,955
down €8,955 (-5.9%), from €150,834 to €141,879
- Financial charges -€7,300
down €7,300 (-44.0%), from €16,605 to €9,305
- Depreciation +€4,517
up €4,517 (+38.0%), from €11,899 to €16,417
- Taxes +€4,410
up €4,410 (+133%), from €3,316 to €7,726
- Other operating charges -€2,566
down €2,566 (-7.7%), from €33,217 to €30,651
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 | €181,591 | €196,444 | +€14,853 | +8.2% |
| Fixed assets | 21/28 | €55,307 | €76,018 | +€20,711 | +37.4% |
| Tangible fixed assets | 22/27 | €55,307 | €76,018 | +€20,711 | +37.4% |
| Plant, machinery and equipment | 23 | €47,239 | €41,789 | -€5,450 | -11.5% |
| Furniture and vehicles | 24 | €3,178 | €2,709 | -€469 | -14.8% |
| Leasing and similar rights | 25 | - | €22,544 | +€22,544 | |
| Other tangible fixed assets | 26 | €4,890 | €8,976 | +€4,085 | +83.5% |
| Current assets | 29/58 | €126,284 | €120,427 | -€5,858 | -4.6% |
| Amounts receivable within one year | 40/41 | €28,039 | €45,772 | +€17,733 | +63.2% |
| Trade receivables | 40 | €7,892 | €9,683 | +€1,790 | +22.7% |
| Other amounts receivable | 41 | €20,147 | €36,089 | +€15,942 | +79.1% |
| Cash at bank and in hand | 54/58 | €97,346 | €73,156 | -€24,191 | -24.9% |
| Deferred charges and accrued income | 490/1 | €899 | €1,499 | +€600 | +66.8% |
| Total equity and liabilities | 10/49 | €181,591 | €196,444 | +€14,853 | +8.2% |
| Equity | 10/15 | €92,220 | €116,336 | +€24,117 | +26.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,768 | €95,885 | +€24,117 | +33.6% |
| Amounts payable | 17/49 | €89,371 | €80,108 | -€9,263 | -10.4% |
| Amounts payable after more than one year | 17 | - | €18,172 | +€18,172 | |
| Financial debts | 170/4 | - | €18,172 | +€18,172 | |
| Amounts payable within one year | 42/48 | €89,371 | €61,936 | -€27,436 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,432 | +€4,432 | |
| Trade debts | 44 | €69,617 | €38,872 | -€30,745 | -44.2% |
| Suppliers | 440/4 | €69,617 | €38,872 | -€30,745 | -44.2% |
| Taxes, remuneration and social security | 45 | €19,755 | €18,632 | -€1,123 | -5.7% |
| Taxes | 450/3 | €7,480 | €14,614 | +€7,134 | +95.4% |
| Remuneration and social security | 454/9 | €12,274 | €4,018 | -€8,257 | -67.3% |
| Non-recurring operating income | 76A | €4,882 | - | -€4,882 | |
| Remuneration, social security and pensions | 62 | €55,823 | €54,957 | -€866 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,899 | €16,417 | +€4,517 | +38.0% |
| Other operating charges | 640/8 | €33,217 | €30,651 | -€2,566 | -7.7% |
| Non-recurring operating charges | 66A | - | €209 | +€209 | |
| Gross operating margin | 9900 | €150,834 | €141,879 | -€8,955 | -5.9% |
| Operating profit (loss) | 9901 | €49,894 | €39,645 | -€10,249 | -20.5% |
| Financial income | 75/76B | €1,336 | €1,502 | +€167 | +12.5% |
| Recurring financial income | 75 | €1,336 | €1,502 | +€167 | +12.5% |
| Financial charges | 65/66B | €16,605 | €9,305 | -€7,300 | -44.0% |
| Recurring financial charges | 65 | €16,605 | €9,305 | -€7,300 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €34,624 | €31,842 | -€2,782 | -8.0% |
| Income taxes | 67/77 | €3,316 | €7,726 | +€4,410 | +133% |
| Profit (loss) for the period | 9904 | €31,308 | €24,117 | -€7,191 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,308 | €24,117 | -€7,191 | -23.0% |
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 4 November 2026 via checked.be.