MABEL SERVICES: 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.
MABEL SERVICES
Largest movements
- Tangible fixed assets +€531,895
up €531,895 (+320.6%), from €165,915 to €697,810
of which Land and buildings: +€528,994
- Current investments +€49,458
up €49,458 (+40.2%), from €123,039 to €172,497
- Cash -€37,423
down €37,423 (-40.0%), from €93,471 to €56,048
mainly Investment in fixed assets (net) (-€542,213) and Current investments (-€49,458)
- Receivables within one year -€26,980
down €26,980 (-54.5%), from €49,501 to €22,521
of which Trade receivables: -€24,740
- Debts after one year +€397,943
new in 2025: €397,943
- Accrued charges and deferred income +€64,324
new in 2025: €64,324
- Current portion of long-term debt +€41,579
new in 2025: €41,579
- Other debts +€23,750
up €23,750 (+166.7%), from €14,250 to €38,000
- Financial income +€15,302
up €15,302 (+174.5%), from €8,770 to €24,072
- Gross operating margin -€4,957
down €4,957 (-9.7%), from €50,997 to €46,040
- Taxes +€3,216
up €3,216 (+19.8%), from €16,258 to €19,474
- Depreciation +€1,764
up €1,764 (+20.6%), from €8,554 to €10,318
- Other operating charges -€1,148
down €1,148 (-41.2%), from €2,790 to €1,642
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 | €433,461 | €955,008 | +€521,547 | +120.3% |
| Fixed assets | 21/28 | €165,915 | €697,810 | +€531,895 | +320.6% |
| Tangible fixed assets | 22/27 | €165,915 | €697,810 | +€531,895 | +320.6% |
| Land and buildings | 22 | €165,256 | €694,250 | +€528,994 | +320.1% |
| Furniture and vehicles | 24 | €659 | €3,560 | +€2,901 | +439.9% |
| Current assets | 29/58 | €267,545 | €257,197 | -€10,348 | -3.9% |
| Amounts receivable within one year | 40/41 | €49,501 | €22,521 | -€26,980 | -54.5% |
| Trade receivables | 40 | €45,471 | €20,731 | -€24,740 | -54.4% |
| Other amounts receivable | 41 | €4,030 | €1,790 | -€2,240 | -55.6% |
| Current investments | 50/53 | €123,039 | €172,497 | +€49,458 | +40.2% |
| Cash at bank and in hand | 54/58 | €93,471 | €56,048 | -€37,423 | -40.0% |
| Deferred charges and accrued income | 490/1 | €1,534 | €6,132 | +€4,598 | +299.7% |
| Total equity and liabilities | 10/49 | €433,461 | €955,008 | +€521,547 | +120.3% |
| Equity | 10/15 | €405,504 | €396,555 | -€8,948 | -2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,474 | €145,526 | -€8,948 | -5.8% |
| Distributable reserves | 133 | €154,474 | €145,526 | -€8,948 | -5.8% |
| Profit (loss) carried forward | 14 | €244,829 | €244,829 | = | 0.0% |
| Amounts payable | 17/49 | €27,957 | €558,452 | +€530,495 | +1897.5% |
| Amounts payable after more than one year | 17 | - | €397,943 | +€397,943 | |
| Financial debts | 170/4 | - | €397,943 | +€397,943 | |
| Amounts payable within one year | 42/48 | €27,957 | €96,185 | +€68,228 | +244.0% |
| Current portion of amounts payable after more than one year | 42 | - | €41,579 | +€41,579 | |
| Trade debts | 44 | €8,588 | €7,484 | -€1,104 | -12.9% |
| Suppliers | 440/4 | €8,588 | €7,484 | -€1,104 | -12.9% |
| Taxes, remuneration and social security | 45 | €5,119 | €9,122 | +€4,003 | +78.2% |
| Taxes | 450/3 | €5,119 | €9,122 | +€4,003 | +78.2% |
| Other amounts payable | 47/48 | €14,250 | €38,000 | +€23,750 | +166.7% |
| Accrued charges and deferred income | 492/3 | - | €64,324 | +€64,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,554 | €10,318 | +€1,764 | +20.6% |
| Other operating charges | 640/8 | €2,790 | €1,642 | -€1,148 | -41.2% |
| Non-recurring operating charges | 66A | - | €110 | +€110 | |
| Gross operating margin | 9900 | €50,997 | €46,040 | -€4,957 | -9.7% |
| Operating profit (loss) | 9901 | €39,653 | €33,970 | -€5,683 | -14.3% |
| Financial income | 75/76B | €8,770 | €24,072 | +€15,302 | +174.5% |
| Recurring financial income | 75 | €8,770 | €24,072 | +€15,302 | +174.5% |
| Financial charges | 65/66B | €7,863 | €7,516 | -€347 | -4.4% |
| Recurring financial charges | 65 | €7,863 | €7,516 | -€347 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €40,559 | €50,526 | +€9,966 | +24.6% |
| Income taxes | 67/77 | €16,258 | €19,474 | +€3,216 | +19.8% |
| Profit (loss) for the period | 9904 | €24,301 | €31,052 | +€6,750 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,301 | €31,052 | +€6,750 | +27.8% |
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.