MABCO: 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.
MABCO
Largest movements
- Receivables within one year -€54,903
down €54,903 (-43.5%), from €126,231 to €71,328
of which Trade receivables: -€54,399
- Trade debts -€43,619
down €43,619 (-97.1%), from €44,931 to €1,312
- Short-term financial debts -€23,642
down €23,642 (-100.0%), from €23,642 to €0
- Tax, wage and social debts +€9,103
up €9,103 (+3362.2%), from €271 to €9,374
- Profit (loss) carried forward +€3,544
up €3,544 (+90.9%), from -€3,898 to -€354
- Gross operating margin +€4,544
up €4,544 (+153.8%), from €2,955 to €7,499
- Financial charges +€575
up €575 (+21.5%), from €2,670 to €3,246
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 | €138,190 | €83,577 | -€54,613 | -39.5% |
| Fixed assets | 21/28 | €217 | €217 | = | 0.0% |
| Financial fixed assets | 28 | €217 | €217 | = | 0.0% |
| Current assets | 29/58 | €137,973 | €83,360 | -€54,613 | -39.6% |
| Amounts receivable within one year | 40/41 | €126,231 | €71,328 | -€54,903 | -43.5% |
| Trade receivables | 40 | €91,534 | €37,135 | -€54,399 | -59.4% |
| Other amounts receivable | 41 | €34,697 | €34,193 | -€504 | -1.5% |
| Cash at bank and in hand | 54/58 | €11,742 | €12,031 | +€290 | +2.5% |
| Total equity and liabilities | 10/49 | €138,190 | €83,577 | -€54,613 | -39.5% |
| Equity | 10/15 | €69,347 | €72,890 | +€3,544 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,244 | €11,244 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,044 | €5,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,898 | -€354 | +€3,544 | +90.9% |
| Amounts payable | 17/49 | €68,843 | €10,686 | -€58,157 | -84.5% |
| Amounts payable within one year | 42/48 | €68,843 | €10,686 | -€58,157 | -84.5% |
| Financial debts | 43 | €23,642 | €0 | -€23,642 | -100.0% |
| Credit institutions | 430/8 | €23,642 | €0 | -€23,642 | -100.0% |
| Trade debts | 44 | €44,931 | €1,312 | -€43,619 | -97.1% |
| Suppliers | 440/4 | €44,931 | €1,312 | -€43,619 | -97.1% |
| Taxes, remuneration and social security | 45 | €271 | €9,374 | +€9,103 | +3362.2% |
| Taxes | 450/3 | €271 | €9,374 | +€9,103 | +3362.2% |
| Other operating charges | 640/8 | €692 | €710 | +€18 | +2.6% |
| Gross operating margin | 9900 | €2,955 | €7,499 | +€4,544 | +153.8% |
| Operating profit (loss) | 9901 | €2,263 | €6,789 | +€4,526 | +200.0% |
| Financial charges | 65/66B | €2,670 | €3,246 | +€575 | +21.5% |
| Recurring financial charges | 65 | €2,670 | €3,246 | +€575 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€407 | €3,544 | +€3,951 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€407 | €3,544 | +€3,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€407 | €3,544 | +€3,951 |
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 2 October 2026 via checked.be.