MABDAK: 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.
MABDAK
Largest movements
- Receivables after one year -€14,439
down €14,439 (-38.0%), from €37,991 to €23,552
- Receivables within one year +€3,422
up €3,422 (+21.3%), from €16,057 to €19,479
of which Other amounts receivable: +€3,963
- Deferred charges and accrued income -€632
down €632 (-43.8%), from €1,444 to €811
- Profit (loss) carried forward -€16,418
down €16,418 (-86.2%), from -€19,051 to -€35,469
- Tax, wage and social debts +€4,414
up €4,414 (+24.0%), from €18,377 to €22,791
of which Remuneration and social security: +€4,268
- Trade debts +€770
up €770 (+10.5%), from €7,342 to €8,111
- Gross operating margin +€5,818
up €5,818 (+22.4%), from €26,009 to €31,827
- Staff costs +€2,080
up €2,080 (+4.5%), from €46,709 to €48,789
- Financial charges -€821
down €821 (-62.2%), from €1,320 to €500
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.
Derived cash bridge
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 | €62,813 | €51,158 | -€11,655 | -18.6% |
| Fixed assets | 21/28 | €6,056 | €6,056 | = | 0.0% |
| Financial fixed assets | 28 | €6,056 | €6,056 | = | 0.0% |
| Current assets | 29/58 | €56,757 | €45,102 | -€11,655 | -20.5% |
| Amounts receivable after more than one year | 29 | €37,991 | €23,552 | -€14,439 | -38.0% |
| Trade receivables | 290 | €37,991 | €23,552 | -€14,439 | -38.0% |
| Amounts receivable within one year | 40/41 | €16,057 | €19,479 | +€3,422 | +21.3% |
| Trade receivables | 40 | €8,625 | €8,085 | -€540 | -6.3% |
| Other amounts receivable | 41 | €7,432 | €11,394 | +€3,963 | +53.3% |
| Cash at bank and in hand | 54/58 | €1,266 | €1,260 | -€6 | -0.5% |
| Deferred charges and accrued income | 490/1 | €1,444 | €811 | -€632 | -43.8% |
| Total equity and liabilities | 10/49 | €62,813 | €51,158 | -€11,655 | -18.6% |
| Equity | 10/15 | €36,541 | €20,123 | -€16,418 | -44.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €54,592 | €54,592 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,550 | €17,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,550 | €17,550 | = | 0.0% |
| Distributable reserves | 133 | €37,042 | €37,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,051 | -€35,469 | -€16,418 | -86.2% |
| Amounts payable | 17/49 | €26,272 | €31,035 | +€4,763 | +18.1% |
| Amounts payable within one year | 42/48 | €26,139 | €30,902 | +€4,763 | +18.2% |
| Trade debts | 44 | €7,342 | €8,111 | +€770 | +10.5% |
| Suppliers | 440/4 | €7,342 | €8,111 | +€770 | +10.5% |
| Taxes, remuneration and social security | 45 | €18,377 | €22,791 | +€4,414 | +24.0% |
| Taxes | 450/3 | €230 | €375 | +€146 | +63.5% |
| Remuneration and social security | 454/9 | €18,147 | €22,415 | +€4,268 | +23.5% |
| Other amounts payable | 47/48 | €421 | - | -€421 | |
| Accrued charges and deferred income | 492/3 | €134 | €134 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €46,709 | €48,789 | +€2,080 | +4.5% |
| Other operating charges | 640/8 | €285 | €143 | -€143 | -50.0% |
| Gross operating margin | 9900 | €26,009 | €31,827 | +€5,818 | +22.4% |
| Operating profit (loss) | 9901 | -€20,985 | -€17,104 | +€3,881 | +18.5% |
| Financial income | 75/76B | €1,229 | €1,328 | +€98 | +8.0% |
| Recurring financial income | 75 | €1,229 | €1,328 | +€98 | +8.0% |
| Financial charges | 65/66B | €1,320 | €500 | -€821 | -62.2% |
| Recurring financial charges | 65 | €1,320 | €500 | -€821 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,076 | -€16,276 | +€4,800 | +22.8% |
| Income taxes | 67/77 | €135 | €142 | +€7 | +5.4% |
| Profit (loss) for the period | 9904 | -€21,211 | -€16,418 | +€4,792 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,211 | -€16,418 | +€4,792 | +22.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.