MABABELO: 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.
MABABELO
Largest movements
- Tangible fixed assets +€56,253
up €56,253 (+23.6%), from €238,258 to €294,511
of which Land and buildings: +€61,908
- Cash -€39,700
down €39,700 (-14.4%), from €275,553 to €235,852
mainly Investment in fixed assets (net) (-€60,647) and Contributions, distributions and other (-€35,000)
- Reserves +€16,000
up €16,000 (+4.9%), from €328,535 to €344,535
of which Distributable reserves: +€16,000
- Other operating charges -€8,922
down €8,922 (-95.2%), from €9,369 to €448
- Depreciation +€3,196
up €3,196 (+266.7%), from €1,199 to €4,395
- Gross operating margin -€2,707
down €2,707 (-3.4%), from €80,564 to €77,857
- Financial income -€935
down €935 (-43.5%), from €2,149 to €1,214
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 | €535,824 | €550,277 | +€14,454 | +2.7% |
| Fixed assets | 21/28 | €238,258 | €294,511 | +€56,253 | +23.6% |
| Tangible fixed assets | 22/27 | €238,258 | €294,511 | +€56,253 | +23.6% |
| Land and buildings | 22 | €232,604 | €294,511 | +€61,908 | +26.6% |
| Plant, machinery and equipment | 23 | €5,655 | - | -€5,655 | |
| Current assets | 29/58 | €297,565 | €255,766 | -€41,799 | -14.0% |
| Amounts receivable within one year | 40/41 | €20,664 | €19,914 | -€750 | -3.6% |
| Trade receivables | 40 | €1,914 | €1,914 | = | 0.0% |
| Other amounts receivable | 41 | €18,750 | €18,000 | -€750 | -4.0% |
| Cash at bank and in hand | 54/58 | €275,553 | €235,852 | -€39,700 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,349 | - | -€1,349 | |
| Total equity and liabilities | 10/49 | €535,824 | €550,277 | +€14,454 | +2.7% |
| Equity | 10/15 | €468,639 | €484,962 | +€16,323 | +3.5% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €328,535 | €344,535 | +€16,000 | +4.9% |
| Non-distributable reserves | 130/1 | €13,535 | €13,535 | = | 0.0% |
| Legal reserve | 130 | €13,535 | €13,535 | = | 0.0% |
| Distributable reserves | 133 | €315,000 | €331,000 | +€16,000 | +5.1% |
| Profit (loss) carried forward | 14 | €16,104 | €16,427 | +€323 | +2.0% |
| Amounts payable | 17/49 | €67,184 | €65,315 | -€1,869 | -2.8% |
| Amounts payable within one year | 42/48 | €67,184 | €63,966 | -€3,218 | -4.8% |
| Trade debts | 44 | €897 | €1,829 | +€932 | +103.9% |
| Suppliers | 440/4 | €897 | €1,829 | +€932 | +103.9% |
| Taxes, remuneration and social security | 45 | €26,287 | €27,137 | +€850 | +3.2% |
| Taxes | 450/3 | €26,287 | €27,137 | +€850 | +3.2% |
| Other amounts payable | 47/48 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Accrued charges and deferred income | 492/3 | - | €1,349 | +€1,349 | |
| Non-recurring operating income | 76A | - | €1,795 | +€1,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,199 | €4,395 | +€3,196 | +266.7% |
| Other operating charges | 640/8 | €9,369 | €448 | -€8,922 | -95.2% |
| Gross operating margin | 9900 | €80,564 | €77,857 | -€2,707 | -3.4% |
| Operating profit (loss) | 9901 | €69,996 | €73,015 | +€3,019 | +4.3% |
| Financial income | 75/76B | €2,149 | €1,214 | -€935 | -43.5% |
| Recurring financial income | 75 | €2,149 | €1,214 | -€935 | -43.5% |
| Financial charges | 65/66B | €85 | €50 | -€35 | -41.2% |
| Recurring financial charges | 65 | €85 | €50 | -€35 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €72,060 | €74,179 | +€2,119 | +2.9% |
| Transfer to deferred taxes | 680 | - | €333 | +€333 | |
| Income taxes | 67/77 | €22,185 | €22,523 | +€337 | +1.5% |
| Profit (loss) for the period | 9904 | €49,874 | €51,323 | +€1,449 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,874 | €51,323 | +€1,449 | +2.9% |
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 3 October 2026 via checked.be.