Fabien MABILLE: 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.
Fabien MABILLE
Largest movements
- Cash +€204,369
up €204,369 (+55.5%), from €368,053 to €572,422
mainly Trade debts (+€145,501) and Depreciation (+€124,360)
- Stocks and contracts +€10,221
up €10,221 (+66.2%), from €15,450 to €25,671
- Tangible fixed assets -€9,986
down €9,986 (-3.2%), from €312,703 to €302,717
of which Plant, machinery and equipment: -€55,318
- Trade debts +€145,501
up €145,501 (+221%), from €65,976 to €211,477
- Reserves +€107,170
up €107,170 (+27.8%), from €385,508 to €492,678
- Debts after one year -€71,161
down €71,161 (-54.8%), from €129,937 to €58,776
- Tax, wage and social debts +€27,250
up €27,250 (+67.4%), from €40,449 to €67,699
of which Taxes: +€26,655
- Gross operating margin +€154,292
up €154,292 (+66.3%), from €232,834 to €387,126
- Staff costs +€41,124
up €41,124 (+86.0%), from €47,814 to €88,938
- Taxes +€37,035
up €37,035 (+353%), from €10,503 to €47,538
- Depreciation -€4,603
down €4,603 (-3.6%), from €128,963 to €124,360
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 | €770,185 | €976,475 | +€206,290 | +26.8% |
| Fixed assets | 21/28 | €313,133 | €303,147 | -€9,986 | -3.2% |
| Tangible fixed assets | 22/27 | €312,703 | €302,717 | -€9,986 | -3.2% |
| Land and buildings | 22 | €12,440 | €10,070 | -€2,370 | -19.1% |
| Plant, machinery and equipment | 23 | €229,332 | €174,014 | -€55,318 | -24.1% |
| Furniture and vehicles | 24 | €70,931 | €118,633 | +€47,702 | +67.3% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €457,052 | €673,328 | +€216,276 | +47.3% |
| Stocks and contracts in progress | 3 | €15,450 | €25,671 | +€10,221 | +66.2% |
| Stocks | 30/36 | €15,450 | €25,671 | +€10,221 | +66.2% |
| Amounts receivable within one year | 40/41 | €56,718 | €62,853 | +€6,135 | +10.8% |
| Trade receivables | 40 | €27,414 | €35,640 | +€8,226 | +30.0% |
| Other amounts receivable | 41 | €29,304 | €27,213 | -€2,091 | -7.1% |
| Cash at bank and in hand | 54/58 | €368,053 | €572,422 | +€204,369 | +55.5% |
| Deferred charges and accrued income | 490/1 | €16,831 | €12,382 | -€4,449 | -26.4% |
| Total equity and liabilities | 10/49 | €770,185 | €976,475 | +€206,290 | +26.8% |
| Equity | 10/15 | €427,333 | €534,503 | +€107,170 | +25.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €385,508 | €492,678 | +€107,170 | +27.8% |
| Distributable reserves | 133 | €385,508 | €492,678 | +€107,170 | +27.8% |
| Profit (loss) carried forward | 14 | €29,425 | €29,425 | = | 0.0% |
| Amounts payable | 17/49 | €342,852 | €441,972 | +€99,120 | +28.9% |
| Amounts payable after more than one year | 17 | €129,937 | €58,776 | -€71,161 | -54.8% |
| Financial debts | 170/4 | €129,937 | €58,776 | -€71,161 | -54.8% |
| Amounts payable within one year | 42/48 | €212,915 | €378,407 | +€165,492 | +77.7% |
| Current portion of amounts payable after more than one year | 42 | €80,029 | €71,161 | -€8,868 | -11.1% |
| Trade debts | 44 | €65,976 | €211,477 | +€145,501 | +221% |
| Suppliers | 440/4 | €65,976 | €211,477 | +€145,501 | +221% |
| Taxes, remuneration and social security | 45 | €40,449 | €67,699 | +€27,250 | +67.4% |
| Taxes | 450/3 | €35,516 | €62,171 | +€26,655 | +75.1% |
| Remuneration and social security | 454/9 | €4,933 | €5,528 | +€595 | +12.1% |
| Other amounts payable | 47/48 | €26,461 | €28,070 | +€1,609 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €4,789 | +€4,789 | |
| Non-recurring operating income | 76A | - | €30,560 | +€30,560 | |
| Remuneration, social security and pensions | 62 | €47,814 | €88,938 | +€41,124 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,963 | €124,360 | -€4,603 | -3.6% |
| Other operating charges | 640/8 | €14,439 | €12,587 | -€1,852 | -12.8% |
| Non-recurring operating charges | 66A | - | €2,009 | +€2,009 | |
| Gross operating margin | 9900 | €232,834 | €387,126 | +€154,292 | +66.3% |
| Operating profit (loss) | 9901 | €41,618 | €159,232 | +€117,614 | +283% |
| Financial income | 75/76B | €226 | €14 | -€212 | -93.8% |
| Recurring financial income | 75 | €226 | €14 | -€212 | -93.8% |
| Financial charges | 65/66B | €5,135 | €4,538 | -€597 | -11.6% |
| Recurring financial charges | 65 | €5,135 | €4,538 | -€597 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €36,709 | €154,708 | +€117,999 | +321% |
| Income taxes | 67/77 | €10,503 | €47,538 | +€37,035 | +353% |
| Profit (loss) for the period | 9904 | €26,206 | €107,170 | +€80,964 | +309% |
| Profit (loss) for the period to be appropriated | 9905 | €26,206 | €107,170 | +€80,964 | +309% |
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 31 October 2026 via checked.be.