MABEBE: 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.
MABEBE
Largest movements
- Cash -€40,441
down €40,441 (-36.0%), from €112,277 to €71,836
mainly Stocks and contracts (-€20,450) and Investment in fixed assets (net) (-€19,950)
- Stocks and contracts +€20,450
up €20,450 (+144%), from €14,240 to €34,690
- Tangible fixed assets +€15,960
new in 2025: €15,960
- Tax, wage and social debts -€15,608
down €15,608 (-79.7%), from €19,578 to €3,969
- Trade debts +€8,560
new in 2025: €8,560
- Profit (loss) carried forward +€3,017
up €3,017 (+3.4%), from €88,340 to €91,357
- Gross operating margin -€38,172
down €38,172 (-24.7%), from €154,445 to €116,273
- Purchases and services +€28,282
up €28,282 (+7.5%), from €374,866 to €403,148
- Taxes +€26,494
up €26,494 (+4,606%), from €575 to €27,069
- Staff costs +€19,196
up €19,196 (+35.8%), from €53,559 to €72,754
- Turnover -€9,890
down €9,890 (-1.9%), from €529,311 to €519,421
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 | €126,517 | €122,486 | -€4,031 | -3.2% |
| Fixed assets | 21/28 | - | €15,960 | +€15,960 | |
| Tangible fixed assets | 22/27 | - | €15,960 | +€15,960 | |
| Furniture and vehicles | 24 | - | €15,960 | +€15,960 | |
| Current assets | 29/58 | €126,517 | €106,526 | -€19,991 | -15.8% |
| Stocks and contracts in progress | 3 | €14,240 | €34,690 | +€20,450 | +144% |
| Stocks | 30/36 | €14,240 | €34,690 | +€20,450 | +144% |
| Cash at bank and in hand | 54/58 | €112,277 | €71,836 | -€40,441 | -36.0% |
| Total equity and liabilities | 10/49 | €126,517 | €122,486 | -€4,031 | -3.2% |
| Equity | 10/15 | €106,940 | €109,957 | +€3,017 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,340 | €91,357 | +€3,017 | +3.4% |
| Amounts payable | 17/49 | €19,578 | €12,529 | -€7,048 | -36.0% |
| Amounts payable within one year | 42/48 | €19,578 | €12,529 | -€7,048 | -36.0% |
| Trade debts | 44 | - | €8,560 | +€8,560 | |
| Suppliers | 440/4 | - | €8,560 | +€8,560 | |
| Taxes, remuneration and social security | 45 | €19,578 | €3,969 | -€15,608 | -79.7% |
| Taxes | 450/3 | €19,578 | €3,969 | -€15,608 | -79.7% |
| Turnover | 70 | €529,311 | €519,421 | -€9,890 | -1.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €374,866 | €403,148 | +€28,282 | +7.5% |
| Remuneration, social security and pensions | 62 | €53,559 | €72,754 | +€19,196 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,990 | +€3,990 | |
| Other operating charges | 640/8 | €2,539 | €9,443 | +€6,904 | +272% |
| Gross operating margin | 9900 | €154,445 | €116,273 | -€38,172 | -24.7% |
| Operating profit (loss) | 9901 | €98,348 | €30,086 | -€68,262 | -69.4% |
| Financial charges | 65/66B | €31 | - | -€31 | |
| Recurring financial charges | 65 | €31 | - | -€31 | |
| Profit (loss) for the period before taxes | 9903 | €98,317 | €30,086 | -€68,231 | -69.4% |
| Income taxes | 67/77 | €575 | €27,069 | +€26,494 | +4,606% |
| Profit (loss) for the period | 9904 | €97,742 | €3,017 | -€94,725 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,742 | €3,017 | -€94,725 | -96.9% |
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 17 October 2026 via checked.be.