Ma'Bella: 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.
Ma'Bella
Largest movements
- Stocks and contracts -€10,884
down €10,884 (-45.2%), from €24,089 to €13,205
- Tangible fixed assets -€4,769
down €4,769 (-6.0%), from €78,857 to €74,087
of which Other tangible fixed assets: -€6,969
- Receivables within one year +€3,783
up €3,783 (+335%), from €1,130 to €4,913
- Profit (loss) carried forward -€14,009
down €14,009 (-58.0%), from -€24,132 to -€38,141
- Other debts -€11,296
down €11,296 (-22.8%), from €49,523 to €38,228
- Debts after one year +€6,422
up €6,422 (+11.0%), from €58,414 to €64,836
- Tax, wage and social debts +€3,070
up €3,070 (+38.9%), from €7,895 to €10,965
of which Taxes: +€3,577
- Current portion of long-term debt +€2,407
up €2,407 (+35.5%), from €6,778 to €9,186
- Gross operating margin -€18,176
down €18,176 (-54.9%), from €33,106 to €14,930
- Depreciation +€3,379
up €3,379 (+16.6%), from €20,340 to €23,719
- Staff costs +€943
new in 2025: €943
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 | €112,306 | €100,459 | -€11,848 | -10.5% |
| Fixed assets | 21/28 | €81,857 | €77,087 | -€4,769 | -5.8% |
| Tangible fixed assets | 22/27 | €78,857 | €74,087 | -€4,769 | -6.0% |
| Plant, machinery and equipment | 23 | €25,789 | €31,114 | +€5,326 | +20.7% |
| Furniture and vehicles | 24 | €7,680 | €4,553 | -€3,126 | -40.7% |
| Other tangible fixed assets | 26 | €45,388 | €38,420 | -€6,969 | -15.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €30,450 | €23,371 | -€7,079 | -23.2% |
| Stocks and contracts in progress | 3 | €24,089 | €13,205 | -€10,884 | -45.2% |
| Stocks | 30/36 | €24,089 | €13,205 | -€10,884 | -45.2% |
| Amounts receivable within one year | 40/41 | €1,130 | €4,913 | +€3,783 | +335% |
| Trade receivables | 40 | €1,130 | €4,913 | +€3,783 | +335% |
| Cash at bank and in hand | 54/58 | €3,612 | €3,634 | +€22 | +0.6% |
| Deferred charges and accrued income | 490/1 | €1,619 | €1,619 | = | 0.0% |
| Total equity and liabilities | 10/49 | €112,306 | €100,459 | -€11,848 | -10.5% |
| Equity | 10/15 | -€18,132 | -€32,141 | -€14,009 | -77.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,132 | -€38,141 | -€14,009 | -58.0% |
| Amounts payable | 17/49 | €130,439 | €132,599 | +€2,161 | +1.7% |
| Amounts payable after more than one year | 17 | €58,414 | €64,836 | +€6,422 | +11.0% |
| Financial debts | 170/4 | €58,414 | €64,836 | +€6,422 | +11.0% |
| Amounts payable within one year | 42/48 | €72,025 | €67,763 | -€4,262 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €6,778 | €9,186 | +€2,407 | +35.5% |
| Trade debts | 44 | €7,828 | €9,385 | +€1,557 | +19.9% |
| Suppliers | 440/4 | €7,828 | €9,385 | +€1,557 | +19.9% |
| Taxes, remuneration and social security | 45 | €7,895 | €10,965 | +€3,070 | +38.9% |
| Taxes | 450/3 | €4,304 | €7,881 | +€3,577 | +83.1% |
| Remuneration and social security | 454/9 | €3,592 | €3,084 | -€507 | -14.1% |
| Other amounts payable | 47/48 | €49,523 | €38,228 | -€11,296 | -22.8% |
| Remuneration, social security and pensions | 62 | - | €943 | +€943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,340 | €23,719 | +€3,379 | +16.6% |
| Other operating charges | 640/8 | €1,231 | €1,493 | +€262 | +21.3% |
| Gross operating margin | 9900 | €33,106 | €14,930 | -€18,176 | -54.9% |
| Operating profit (loss) | 9901 | €11,535 | -€11,226 | -€22,761 | |
| Financial income | 75/76B | €247 | €269 | +€22 | +8.8% |
| Recurring financial income | 75 | €247 | €269 | +€22 | +8.8% |
| Financial charges | 65/66B | €2,698 | €2,919 | +€221 | +8.2% |
| Recurring financial charges | 65 | €2,698 | €2,919 | +€221 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €9,084 | -€13,877 | -€22,961 | |
| Income taxes | 67/77 | €127 | €132 | +€6 | +4.3% |
| Profit (loss) for the period | 9904 | €8,958 | -€14,009 | -€22,966 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | -€14,009 | -€22,966 |
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 24 October 2026 via checked.be.