MABASTE: 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.
MABASTE
Largest movements
- Receivables within one year +€503,520
up €503,520 (+56.6%), from €889,327 to €1.4m
of which Other amounts receivable: +€505,698
- Financial fixed assets +€318,474
up €318,474 (+15.3%), from €2.1m to €2.4m
- Current investments -€287,689
down €287,689 (-4.5%), from €6.4m to €6.1m
- Profit (loss) carried forward +€407,962
up €407,962 (+22.2%), from €1.8m to €2.2m
- Financial income -€1.1m
down €1.1m (-60.3%), from €1.9m to €744,818
of which Non-recurring financial income: -€1.8m
- Financial charges +€225,905
up €225,905 (+4389.5%), from €5,147 to €231,051
of which Non-recurring financial charges: +€227,751
- Taxes -€150,902
down €150,902 (-100.0%), from €150,902 to €0
- Gross operating margin +€110,125
up €110,125 (+54.9%), from -€200,479 to -€90,354
- Staff costs +€3,442
new in 2025: €3,442
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 | €9,486,385 | €9,960,547 | +€474,162 | +5.0% |
| Fixed assets | 21/28 | €2,092,691 | €2,409,078 | +€316,387 | +15.1% |
| Tangible fixed assets | 22/27 | €6,128 | €4,041 | -€2,087 | -34.1% |
| Furniture and vehicles | 24 | €4,082 | €4,041 | -€41 | -1.0% |
| Assets under construction and advance payments | 27 | €2,046 | €0 | -€2,046 | -100.0% |
| Financial fixed assets | 28 | €2,086,563 | €2,405,037 | +€318,474 | +15.3% |
| Current assets | 29/58 | €7,393,694 | €7,551,469 | +€157,775 | +2.1% |
| Amounts receivable within one year | 40/41 | €889,327 | €1,392,847 | +€503,520 | +56.6% |
| Trade receivables | 40 | €2,178 | €0 | -€2,178 | -100.0% |
| Other amounts receivable | 41 | €887,149 | €1,392,847 | +€505,698 | +57.0% |
| Current investments | 50/53 | €6,380,860 | €6,093,171 | -€287,689 | -4.5% |
| Cash at bank and in hand | 54/58 | €123,506 | €65,451 | -€58,055 | -47.0% |
| Total equity and liabilities | 10/49 | €9,486,385 | €9,960,547 | +€474,162 | +5.0% |
| Equity | 10/15 | €9,338,454 | €9,746,416 | +€407,962 | +4.4% |
| Contributions | 10/11 | €2,976,285 | €2,976,285 | = | 0.0% |
| Reserves | 13 | €4,525,176 | €4,525,176 | = | 0.0% |
| Distributable reserves | 133 | €4,525,176 | €4,525,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,836,993 | €2,244,956 | +€407,962 | +22.2% |
| Amounts payable | 17/49 | €147,931 | €214,131 | +€66,200 | +44.8% |
| Amounts payable within one year | 42/48 | €147,931 | €214,131 | +€66,200 | +44.8% |
| Trade debts | 44 | €1,727 | €1,619 | -€108 | -6.3% |
| Suppliers | 440/4 | €1,727 | €1,619 | -€108 | -6.3% |
| Taxes, remuneration and social security | 45 | €146,203 | €146,203 | = | 0.0% |
| Taxes | 450/3 | €146,203 | €146,203 | = | 0.0% |
| Other amounts payable | 47/48 | - | €66,309 | +€66,309 | |
| Remuneration, social security and pensions | 62 | - | €3,442 | +€3,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €1,940 | +€1,342 | +224.3% |
| Other operating charges | 640/8 | €10,452 | €10,068 | -€383 | -3.7% |
| Gross operating margin | 9900 | -€200,479 | -€90,354 | +€110,125 | +54.9% |
| Operating profit (loss) | 9901 | -€211,529 | -€105,805 | +€105,724 | +50.0% |
| Financial income | 75/76B | €1,876,594 | €744,818 | -€1.1m | -60.3% |
| Recurring financial income | 75 | €109,999 | €744,818 | +€634,820 | +577.1% |
| Non-recurring financial income | 76B | €1,766,595 | - | -€1.8m | |
| Financial charges | 65/66B | €5,147 | €231,051 | +€225,905 | +4389.5% |
| Recurring financial charges | 65 | €5,147 | €3,300 | -€1,846 | -35.9% |
| Non-recurring financial charges | 66B | - | €227,751 | +€227,751 | |
| Profit (loss) for the period before taxes | 9903 | €1,659,918 | €407,962 | -€1.3m | -75.4% |
| Income taxes | 67/77 | €150,902 | €0 | -€150,902 | -100.0% |
| Profit (loss) for the period | 9904 | €1,509,017 | €407,962 | -€1.1m | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,509,017 | €407,962 | -€1.1m | -73.0% |
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 8 October 2026 via checked.be.