MABE: 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.
MABE
Largest movements
- Tangible fixed assets -€31,647
down €31,647 (-6.4%), from €498,008 to €466,361
of which Land and buildings: -€32,200
- Receivables within one year +€18,815
up €18,815 (+348.6%), from €5,398 to €24,212
of which Other amounts receivable: +€11,753
- Cash +€13,045
up €13,045 (+17.3%), from €75,605 to €88,649
mainly Depreciation (+€21,280) and Investment in fixed assets (net) (+€10,367)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,779
down €5,779 (-13.1%), from €44,181 to €38,402
- Other operating charges +€3,705
up €3,705 (+55.1%), from €6,722 to €10,427
- Taxes -€3,141
down €3,141 (-60.2%), from €5,216 to €2,074
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 | €580,671 | €580,916 | +€245 | 0.0% |
| Fixed assets | 21/28 | €498,008 | €466,361 | -€31,647 | -6.4% |
| Tangible fixed assets | 22/27 | €498,008 | €466,361 | -€31,647 | -6.4% |
| Land and buildings | 22 | €482,234 | €450,034 | -€32,200 | -6.7% |
| Plant, machinery and equipment | 23 | €15,774 | €14,933 | -€842 | -5.3% |
| Furniture and vehicles | 24 | - | €1,394 | +€1,394 | |
| Current assets | 29/58 | €82,662 | €114,554 | +€31,892 | +38.6% |
| Amounts receivable within one year | 40/41 | €5,398 | €24,212 | +€18,815 | +348.6% |
| Trade receivables | 40 | - | €7,062 | +€7,062 | |
| Other amounts receivable | 41 | €5,398 | €17,151 | +€11,753 | +217.7% |
| Cash at bank and in hand | 54/58 | €75,605 | €88,649 | +€13,045 | +17.3% |
| Deferred charges and accrued income | 490/1 | €1,660 | €1,693 | +€33 | +2.0% |
| Total equity and liabilities | 10/49 | €580,671 | €580,916 | +€245 | 0.0% |
| Equity | 10/15 | €301,149 | €305,557 | +€4,407 | +1.5% |
| Contributions | 10/11 | €210,884 | €210,884 | = | 0.0% |
| Capital | 10 | €210,884 | €210,884 | = | 0.0% |
| Issued capital | 100 | €210,884 | €210,884 | = | 0.0% |
| Reserves | 13 | €90,265 | €94,673 | +€4,407 | +4.9% |
| Non-distributable reserves | 130/1 | €21,088 | €21,088 | = | 0.0% |
| Legal reserve | 130 | €21,088 | €21,088 | = | 0.0% |
| Distributable reserves | 133 | €69,177 | €73,584 | +€4,407 | +6.4% |
| Amounts payable | 17/49 | €279,521 | €275,359 | -€4,163 | -1.5% |
| Amounts payable within one year | 42/48 | €278,521 | €275,359 | -€3,163 | -1.1% |
| Taxes, remuneration and social security | 45 | €1,114 | €441 | -€673 | -60.4% |
| Taxes | 450/3 | €1,114 | €441 | -€673 | -60.4% |
| Other amounts payable | 47/48 | €277,408 | €274,918 | -€2,490 | -0.9% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,041 | €21,280 | +€239 | +1.1% |
| Other operating charges | 640/8 | €6,722 | €10,427 | +€3,705 | +55.1% |
| Gross operating margin | 9900 | €44,181 | €38,402 | -€5,779 | -13.1% |
| Operating profit (loss) | 9901 | €16,418 | €6,695 | -€9,723 | -59.2% |
| Financial income | 75/76B | €219 | - | -€219 | |
| Recurring financial income | 75 | €219 | - | -€219 | |
| Financial charges | 65/66B | €286 | €214 | -€72 | -25.3% |
| Recurring financial charges | 65 | €286 | €214 | -€72 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €16,351 | €6,482 | -€9,869 | -60.4% |
| Income taxes | 67/77 | €5,216 | €2,074 | -€3,141 | -60.2% |
| Profit (loss) for the period | 9904 | €11,135 | €4,407 | -€6,728 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,135 | €4,407 | -€6,728 | -60.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.