M.A.B.O.: 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.
M.A.B.O.
Largest movements
- Receivables within one year -€6,251
down €6,251 (-35.8%), from €17,471 to €11,219
of which Trade receivables: -€5,962
- Cash -€554
down €554 (-53.7%), from €1,031 to €478
mainly Other debts (-€6,819) and Net result for the year (-€1,799)
- Other debts -€6,819
down €6,819 (-5.7%), from €119,861 to €113,043
- Tax, wage and social debts +€1,813
new in 2025: €1,813
- Profit (loss) carried forward -€1,799
down €1,799 (-0.9%), from -€190,625 to -€192,424
- Gross operating margin +€4,256
up €4,256 (+81.3%), from -€5,237 to -€981
- Other operating charges +€517
up €517 (+374%), from €138 to €656
- Financial charges -€486
down €486 (-74.8%), from €649 to €163
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 | €19,502 | €12,697 | -€6,805 | -34.9% |
| Fixed assets | 21/28 | €1,000 | €1,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,000 | €1,000 | = | 0.0% |
| Land and buildings | 22 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €18,502 | €11,697 | -€6,805 | -36.8% |
| Amounts receivable within one year | 40/41 | €17,471 | €11,219 | -€6,251 | -35.8% |
| Trade receivables | 40 | €17,094 | €11,132 | -€5,962 | -34.9% |
| Other amounts receivable | 41 | €376 | €87 | -€289 | -76.8% |
| Cash at bank and in hand | 54/58 | €1,031 | €478 | -€554 | -53.7% |
| Total equity and liabilities | 10/49 | €19,502 | €12,697 | -€6,805 | -34.9% |
| Equity | 10/15 | -€100,359 | -€102,159 | -€1,799 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €71,674 | €71,674 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €69,814 | €69,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,625 | -€192,424 | -€1,799 | -0.9% |
| Amounts payable | 17/49 | €119,861 | €114,856 | -€5,006 | -4.2% |
| Amounts payable within one year | 42/48 | €119,861 | €114,856 | -€5,006 | -4.2% |
| Taxes, remuneration and social security | 45 | - | €1,813 | +€1,813 | |
| Taxes | 450/3 | - | €1,813 | +€1,813 | |
| Other amounts payable | 47/48 | €119,861 | €113,043 | -€6,819 | -5.7% |
| Other operating charges | 640/8 | €138 | €656 | +€517 | +374% |
| Gross operating margin | 9900 | -€5,237 | -€981 | +€4,256 | +81.3% |
| Operating profit (loss) | 9901 | -€5,376 | -€1,636 | +€3,739 | +69.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +625% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +625% |
| Financial charges | 65/66B | €649 | €163 | -€486 | -74.8% |
| Recurring financial charges | 65 | €649 | €163 | -€486 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,024 | -€1,799 | +€4,226 | +70.1% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€6,024 | -€1,799 | +€4,225 | +70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,024 | -€1,799 | +€4,225 | +70.1% |
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 22 October 2026 via checked.be.