MABAE: 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.
MABAE
Largest movements
- Receivables within one year +€42,258
up €42,258 (+52.8%), from €80,024 to €122,282
of which Other amounts receivable: +€45,495
- Cash +€30,639
up €30,639 (+148.2%), from €20,680 to €51,320
mainly Net result for the year (+€64,917) and Tax, wage and social debts (+€14,399)
- Deferred charges and accrued income +€6,419
up €6,419 (+249.8%), from €2,569 to €8,988
- Profit (loss) carried forward +€64,917
up €64,917 (+72.9%), from €89,018 to €153,935
- Tax, wage and social debts +€14,399
up €14,399 (+101.7%), from €14,156 to €28,555
- Gross operating margin +€28,140
up €28,140 (+58.1%), from €48,413 to €76,553
- Taxes +€7,889
up €7,889 (+75.3%), from €10,481 to €18,370
- Financial income +€5,705
up €5,705 (+516.0%), from €1,106 to €6,811
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 | €103,274 | €182,590 | +€79,316 | +76.8% |
| Current assets | 29/58 | €103,274 | €182,590 | +€79,316 | +76.8% |
| Amounts receivable within one year | 40/41 | €80,024 | €122,282 | +€42,258 | +52.8% |
| Trade receivables | 40 | €3,238 | - | -€3,238 | |
| Other amounts receivable | 41 | €76,787 | €122,282 | +€45,495 | +59.2% |
| Cash at bank and in hand | 54/58 | €20,680 | €51,320 | +€30,639 | +148.2% |
| Deferred charges and accrued income | 490/1 | €2,569 | €8,988 | +€6,419 | +249.8% |
| Total equity and liabilities | 10/49 | €103,274 | €182,590 | +€79,316 | +76.8% |
| Equity | 10/15 | €89,118 | €154,035 | +€64,917 | +72.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,018 | €153,935 | +€64,917 | +72.9% |
| Amounts payable | 17/49 | €14,156 | €28,555 | +€14,399 | +101.7% |
| Amounts payable within one year | 42/48 | €14,156 | €28,555 | +€14,399 | +101.7% |
| Taxes, remuneration and social security | 45 | €14,156 | €28,555 | +€14,399 | +101.7% |
| Taxes | 450/3 | €14,156 | €28,555 | +€14,399 | +101.7% |
| Gross operating margin | 9900 | €48,413 | €76,553 | +€28,140 | +58.1% |
| Operating profit (loss) | 9901 | €48,413 | €76,553 | +€28,140 | +58.1% |
| Financial income | 75/76B | €1,106 | €6,811 | +€5,705 | +516.0% |
| Recurring financial income | 75 | €1,106 | €6,811 | +€5,705 | +516.0% |
| Financial charges | 65/66B | €40 | €77 | +€37 | +94.7% |
| Recurring financial charges | 65 | €40 | €77 | +€37 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €49,479 | €83,287 | +€33,808 | +68.3% |
| Income taxes | 67/77 | €10,481 | €18,370 | +€7,889 | +75.3% |
| Profit (loss) for the period | 9904 | €38,998 | €64,917 | +€25,919 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,998 | €64,917 | +€25,919 | +66.5% |
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 10 October 2026 via checked.be.