Mabajaat: 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.
Mabajaat
Largest movements
- Cash +€26,771
up €26,771 (+33.8%), from €79,170 to €105,941
mainly Net result for the year (+€30,490) and Depreciation (+€3,915)
- Receivables within one year +€5,555
up €5,555 (+105.3%), from €5,278 to €10,833
of which Trade receivables: +€3,258
- Tangible fixed assets -€3,914
down €3,914 (-31.8%), from €12,292 to €8,378
- Reserves +€30,490
up €30,490 (+37.2%), from €81,966 to €112,456
- Other debts -€4,341
down €4,341 (-85.6%), from €5,068 to €728
- Tax, wage and social debts +€2,338
up €2,338 (+40.8%), from €5,736 to €8,074
- Gross operating margin -€7,623
down €7,623 (-13.8%), from €55,417 to €47,795
- Taxes -€2,109
down €2,109 (-14.2%), from €14,813 to €12,703
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 | €97,837 | €126,680 | +€28,843 | +29.5% |
| Fixed assets | 21/28 | €12,292 | €8,378 | -€3,914 | -31.8% |
| Tangible fixed assets | 22/27 | €12,292 | €8,378 | -€3,914 | -31.8% |
| Furniture and vehicles | 24 | €12,292 | €8,378 | -€3,914 | -31.8% |
| Current assets | 29/58 | €85,544 | €118,302 | +€32,757 | +38.3% |
| Amounts receivable within one year | 40/41 | €5,278 | €10,833 | +€5,555 | +105.3% |
| Trade receivables | 40 | €4,241 | €7,499 | +€3,258 | +76.8% |
| Other amounts receivable | 41 | €1,037 | €3,334 | +€2,297 | +221.4% |
| Cash at bank and in hand | 54/58 | €79,170 | €105,941 | +€26,771 | +33.8% |
| Deferred charges and accrued income | 490/1 | €1,096 | €1,528 | +€432 | +39.4% |
| Total equity and liabilities | 10/49 | €97,837 | €126,680 | +€28,843 | +29.5% |
| Equity | 10/15 | €85,966 | €116,456 | +€30,490 | +35.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €81,966 | €112,456 | +€30,490 | +37.2% |
| Distributable reserves | 133 | €81,966 | €112,456 | +€30,490 | +37.2% |
| Amounts payable | 17/49 | €11,871 | €10,224 | -€1,647 | -13.9% |
| Amounts payable within one year | 42/48 | €11,048 | €9,372 | -€1,676 | -15.2% |
| Trade debts | 44 | €243 | €570 | +€327 | +134.5% |
| Suppliers | 440/4 | €243 | €570 | +€327 | +134.5% |
| Taxes, remuneration and social security | 45 | €5,736 | €8,074 | +€2,338 | +40.8% |
| Taxes | 450/3 | €5,736 | €8,074 | +€2,338 | +40.8% |
| Other amounts payable | 47/48 | €5,068 | €728 | -€4,341 | -85.6% |
| Accrued charges and deferred income | 492/3 | €823 | €852 | +€29 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,914 | €3,915 | +€1 | 0.0% |
| Other operating charges | 640/8 | €141 | €352 | +€211 | +150.4% |
| Gross operating margin | 9900 | €55,417 | €47,795 | -€7,623 | -13.8% |
| Operating profit (loss) | 9901 | €51,363 | €43,528 | -€7,835 | -15.3% |
| Financial income | 75/76B | €0 | €3 | +€3 | +4883.3% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +4883.3% |
| Financial charges | 65/66B | €723 | €338 | -€385 | -53.3% |
| Recurring financial charges | 65 | €723 | €338 | -€385 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €50,640 | €43,194 | -€7,446 | -14.7% |
| Income taxes | 67/77 | €14,813 | €12,703 | -€2,109 | -14.2% |
| Profit (loss) for the period | 9904 | €35,827 | €30,490 | -€5,337 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,827 | €30,490 | -€5,337 | -14.9% |
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 7 October 2026 via checked.be.