MABECA: 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.
MABECA
Largest movements
- Receivables within one year +€14,034
up €14,034 (+25.6%), from €54,811 to €68,845
of which Trade receivables: +€15,051
- Deferred charges and accrued income +€7,100
new in 2025: €7,100
- Trade debts +€12,286
up €12,286 (+517.3%), from €2,375 to €14,661
- Profit (loss) carried forward +€11,994
up €11,994 (+10.8%), from €111,438 to €123,432
- Tax, wage and social debts -€6,835
down €6,835 (-41.2%), from €16,578 to €9,743
of which Remuneration and social security: -€4,790
- Gross operating margin +€17,726
up €17,726 (+375.6%), from €4,719 to €22,446
- Taxes +€4,569
up €4,569 (+895.2%), from €510 to €5,079
- Financial charges +€1,309
up €1,309 (+110.7%), from €1,183 to €2,492
- Depreciation -€434
down €434 (-13.9%), from €3,120 to €2,686
- Other operating charges -€311
down €311 (-61.5%), from €505 to €194
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 | €469,838 | €488,921 | +€19,083 | +4.1% |
| Fixed assets | 21/28 | €414,165 | €411,478 | -€2,686 | -0.6% |
| Tangible fixed assets | 22/27 | €14,075 | €11,388 | -€2,686 | -19.1% |
| Furniture and vehicles | 24 | €14,075 | €11,388 | -€2,686 | -19.1% |
| Financial fixed assets | 28 | €400,090 | €400,090 | = | 0.0% |
| Current assets | 29/58 | €55,673 | €77,443 | +€21,769 | +39.1% |
| Amounts receivable within one year | 40/41 | €54,811 | €68,845 | +€14,034 | +25.6% |
| Trade receivables | 40 | €53,763 | €68,814 | +€15,051 | +28.0% |
| Other amounts receivable | 41 | €1,047 | €31 | -€1,016 | -97.0% |
| Cash at bank and in hand | 54/58 | €863 | €1,498 | +€635 | +73.6% |
| Deferred charges and accrued income | 490/1 | - | €7,100 | +€7,100 | |
| Total equity and liabilities | 10/49 | €469,838 | €488,921 | +€19,083 | +4.1% |
| Equity | 10/15 | €142,438 | €154,432 | +€11,994 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,438 | €123,432 | +€11,994 | +10.8% |
| Amounts payable | 17/49 | €327,400 | €334,489 | +€7,089 | +2.2% |
| Amounts payable after more than one year | 17 | €308,447 | €308,447 | = | 0.0% |
| Financial debts | 170/4 | €299,447 | €299,447 | = | 0.0% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,953 | €26,042 | +€7,089 | +37.4% |
| Trade debts | 44 | €2,375 | €14,661 | +€12,286 | +517.3% |
| Suppliers | 440/4 | €2,375 | €14,661 | +€12,286 | +517.3% |
| Taxes, remuneration and social security | 45 | €16,578 | €9,743 | -€6,835 | -41.2% |
| Taxes | 450/3 | €9,293 | €7,248 | -€2,045 | -22.0% |
| Remuneration and social security | 454/9 | €7,285 | €2,495 | -€4,790 | -65.8% |
| Other amounts payable | 47/48 | - | €1,639 | +€1,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,120 | €2,686 | -€434 | -13.9% |
| Other operating charges | 640/8 | €505 | €194 | -€311 | -61.5% |
| Gross operating margin | 9900 | €4,719 | €22,446 | +€17,726 | +375.6% |
| Operating profit (loss) | 9901 | €1,094 | €19,565 | +€18,471 | +1688.7% |
| Financial charges | 65/66B | €1,183 | €2,492 | +€1,309 | +110.7% |
| Recurring financial charges | 65 | €1,183 | €2,492 | +€1,309 | +110.7% |
| Profit (loss) for the period before taxes | 9903 | -€89 | €17,073 | +€17,162 | |
| Income taxes | 67/77 | €510 | €5,079 | +€4,569 | +895.2% |
| Profit (loss) for the period | 9904 | -€599 | €11,994 | +€12,593 | |
| Profit (loss) for the period to be appropriated | 9905 | -€599 | €11,994 | +€12,593 |
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 8 October 2026 via checked.be.