M.A.B.: what changed
Two fiscal 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.
M.A.B.
Largest movements
- Cash +€3,377
up €3,377 (+676.8%), from €499 to €3,877
mainly Net result for the year (+€9,222) and Depreciation (+€1,153)
- Profit (loss) carried forward +€9,222
up €9,222 (+7.1%), from -€129,413 to -€120,191
- Trade debts -€4,703
down €4,703 (-100.0%), from €4,703 to €0
- Gross operating margin +€9,989
up €9,989 (+91.2%), from €10,957 to €20,945
- Other operating charges +€2,210
up €2,210 (+42.0%), from €5,268 to €7,478
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 | €289,289 | €291,529 | +€2,240 | +0.8% |
| Fixed assets | 21/28 | €288,300 | €287,147 | -€1,153 | -0.4% |
| Tangible fixed assets | 22/27 | €288,300 | €287,147 | -€1,153 | -0.4% |
| Land and buildings | 22 | €288,300 | €287,147 | -€1,153 | -0.4% |
| Current assets | 29/58 | €988 | €4,382 | +€3,393 | +343.3% |
| Cash at bank and in hand | 54/58 | €499 | €3,877 | +€3,377 | +676.8% |
| Deferred charges and accrued income | 490/1 | €489 | €505 | +€16 | +3.2% |
| Total equity and liabilities | 10/49 | €289,289 | €291,529 | +€2,240 | +0.8% |
| Equity | 10/15 | €96,907 | €106,129 | +€9,222 | +9.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €334 | €334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €334 | €334 | = | 0.0% |
| Legal reserve | 130 | €334 | €334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,413 | -€120,191 | +€9,222 | +7.1% |
| Amounts payable | 17/49 | €192,382 | €185,400 | -€6,982 | -3.6% |
| Amounts payable within one year | 42/48 | €189,703 | €185,000 | -€4,703 | -2.5% |
| Trade debts | 44 | €4,703 | €0 | -€4,703 | -100.0% |
| Suppliers | 440/4 | €4,703 | €0 | -€4,703 | -100.0% |
| Other amounts payable | 47/48 | €185,000 | €185,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,679 | €400 | -€2,279 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,153 | €1,153 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,268 | €7,478 | +€2,210 | +42.0% |
| Gross operating margin | 9900 | €10,957 | €20,945 | +€9,989 | +91.2% |
| Operating profit (loss) | 9901 | €4,536 | €12,315 | +€7,779 | +171.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,945 | €3,093 | +€148 | +5.0% |
| Recurring financial charges | 65 | €2,945 | €3,093 | +€148 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €1,591 | €9,222 | +€7,631 | +479.7% |
| Profit (loss) for the period | 9904 | €1,591 | €9,222 | +€7,631 | +479.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,591 | €9,222 | +€7,631 | +479.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.