MABECO: 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.
MABECO
Largest movements
- Tangible fixed assets -€13,000
down €13,000 (-3.6%), from €360,990 to €347,990
- Other debts -€9,498
down €9,498 (-24.0%), from €39,553 to €30,055
- Gross operating margin +€1,839
up €1,839 (+15.6%), from €11,772 to €13,611
- Taxes +€419
up €419 (+166.6%), from €251 to €671
- Financial charges -€383
down €383 (-36.9%), from €1,040 to €656
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 | €368,201 | €353,641 | -€14,560 | -4.0% |
| Fixed assets | 21/28 | €360,990 | €347,990 | -€13,000 | -3.6% |
| Tangible fixed assets | 22/27 | €360,990 | €347,990 | -€13,000 | -3.6% |
| Land and buildings | 22 | €360,990 | €347,990 | -€13,000 | -3.6% |
| Current assets | 29/58 | €7,211 | €5,651 | -€1,559 | -21.6% |
| Amounts receivable within one year | 40/41 | €3,388 | €3,882 | +€494 | +14.6% |
| Trade receivables | 40 | €3,388 | €3,811 | +€423 | +12.5% |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €3,822 | €1,769 | -€2,053 | -53.7% |
| Total equity and liabilities | 10/49 | €368,201 | €353,641 | -€14,560 | -4.0% |
| Equity | 10/15 | €104,885 | €103,645 | -€1,240 | -1.2% |
| Contributions | 10/11 | €36,600 | €36,600 | = | 0.0% |
| Reserves | 13 | €34,120 | €34,120 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,660 | €3,660 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,660 | €3,660 | = | 0.0% |
| Distributable reserves | 133 | €30,460 | €30,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,166 | €32,925 | -€1,240 | -3.6% |
| Amounts payable | 17/49 | €263,315 | €249,996 | -€13,320 | -5.1% |
| Amounts payable after more than one year | 17 | €195,345 | €192,836 | -€2,509 | -1.3% |
| Financial debts | 170/4 | €5,345 | €2,836 | -€2,509 | -46.9% |
| Other amounts payable | 178/9 | €190,000 | €190,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,970 | €57,159 | -€10,811 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €2,409 | €2,509 | +€100 | +4.2% |
| Trade debts | 44 | €24,865 | €23,747 | -€1,119 | -4.5% |
| Suppliers | 440/4 | €24,865 | €23,747 | -€1,119 | -4.5% |
| Taxes, remuneration and social security | 45 | €1,143 | €849 | -€294 | -25.7% |
| Taxes | 450/3 | €1,143 | €849 | -€294 | -25.7% |
| Other amounts payable | 47/48 | €39,553 | €30,055 | -€9,498 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,000 | €13,000 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €579 | +€16 | +2.8% |
| Gross operating margin | 9900 | €11,772 | €13,611 | +€1,839 | +15.6% |
| Operating profit (loss) | 9901 | -€1,792 | €31 | +€1,823 | |
| Financial income | 75/76B | €7 | €55 | +€48 | +720.8% |
| Recurring financial income | 75 | €7 | €55 | +€48 | +720.8% |
| Financial charges | 65/66B | €1,040 | €656 | -€383 | -36.9% |
| Recurring financial charges | 65 | €1,040 | €656 | -€383 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,824 | -€570 | +€2,255 | +79.8% |
| Income taxes | 67/77 | €251 | €671 | +€419 | +166.6% |
| Profit (loss) for the period | 9904 | -€3,076 | -€1,240 | +€1,836 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,076 | -€1,240 | +€1,836 | +59.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.