MABAT: 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.
MABAT
Largest movements
- Cash -€42,289
down €42,289 (-19.8%), from €213,892 to €171,603
mainly Receivables within one year (-€40,000) and Other debts (-€14,397)
- Receivables within one year +€40,000
up €40,000 (+19.4%), from €206,211 to €246,211
- Tangible fixed assets -€14,486
down €14,486 (-2.9%), from €498,547 to €484,061
of which Land and buildings: -€19,406
- Other debts -€14,397
down €14,397 (-1.9%), from €753,535 to €739,138
- Gross operating margin -€2,875
down €2,875 (-13.3%), from €21,614 to €18,739
- Depreciation +€513
up €513 (+2.2%), from €23,668 to €24,181
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 | €919,318 | €902,609 | -€16,709 | -1.8% |
| Fixed assets | 21/28 | €498,547 | €484,061 | -€14,486 | -2.9% |
| Tangible fixed assets | 22/27 | €498,547 | €484,061 | -€14,486 | -2.9% |
| Land and buildings | 22 | €457,300 | €437,894 | -€19,406 | -4.2% |
| Plant, machinery and equipment | 23 | €41,247 | €46,167 | +€4,920 | +11.9% |
| Current assets | 29/58 | €420,771 | €418,548 | -€2,223 | -0.5% |
| Amounts receivable within one year | 40/41 | €206,211 | €246,211 | +€40,000 | +19.4% |
| Other amounts receivable | 41 | €206,211 | €246,211 | +€40,000 | +19.4% |
| Cash at bank and in hand | 54/58 | €213,892 | €171,603 | -€42,289 | -19.8% |
| Deferred charges and accrued income | 490/1 | €668 | €734 | +€66 | +9.9% |
| Total equity and liabilities | 10/49 | €919,318 | €902,609 | -€16,709 | -1.8% |
| Equity | 10/15 | €99,903 | €91,450 | -€8,453 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €184,020 | €175,246 | -€8,774 | -4.8% |
| Tax-exempt reserves | 132 | €184,020 | €175,246 | -€8,774 | -4.8% |
| Profit (loss) carried forward | 14 | -€146,117 | -€145,796 | +€321 | +0.2% |
| Provisions and deferred taxes | 16 | €61,340 | €58,415 | -€2,925 | -4.8% |
| Deferred taxes | 168 | €61,340 | €58,415 | -€2,925 | -4.8% |
| Amounts payable | 17/49 | €758,075 | €752,744 | -€5,331 | -0.7% |
| Amounts payable within one year | 42/48 | €758,075 | €752,634 | -€5,441 | -0.7% |
| Trade debts | 44 | €4,540 | €13,496 | +€8,956 | +197.3% |
| Suppliers | 440/4 | €4,540 | €13,496 | +€8,956 | +197.3% |
| Other amounts payable | 47/48 | €753,535 | €739,138 | -€14,397 | -1.9% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,668 | €24,181 | +€513 | +2.2% |
| Other operating charges | 640/8 | €5,683 | €5,861 | +€178 | +3.1% |
| Gross operating margin | 9900 | €21,614 | €18,739 | -€2,875 | -13.3% |
| Operating profit (loss) | 9901 | -€7,737 | -€11,303 | -€3,566 | -46.1% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.4% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,811 | -€11,378 | -€3,567 | -45.7% |
| Transfer from deferred taxes | 780 | €2,797 | €2,925 | +€128 | +4.6% |
| Profit (loss) for the period | 9904 | -€5,014 | -€8,453 | -€3,439 | -68.6% |
| Transfer from tax-exempt reserves | 789 | €8,390 | €8,774 | +€384 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,376 | €321 | -€3,055 | -90.5% |
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 4 October 2026 via checked.be.