Mabela: 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.
Mabela
Largest movements
- Cash -€33,398
down €33,398 (-53.3%), from €62,663 to €29,265
mainly Contributions, distributions and other (-€47,387) and Investment in fixed assets (net) (-€35,111)
- Tangible fixed assets +€17,669
up €17,669 (+10.1%), from €175,438 to €193,106
of which Land and buildings: +€18,989
- Reserves -€47,387
down €47,387 (-65.2%), from €72,707 to €25,319
- Profit (loss) carried forward +€18,691
up €18,691 (+13.3%), from €140,207 to €158,898
- Other debts +€10,570
up €10,570 (+920.9%), from €1,148 to €11,718
- Debts after one year -€8,060
no longer reported in 2025 (was €8,060)
- Tax, wage and social debts +€7,178
new in 2025: €7,178
- Gross operating margin +€19,473
up €19,473 (+64.3%), from €30,283 to €49,755
- Taxes +€7,178
new in 2025: €7,178
- Financial charges +€1,044
up €1,044 (+1465.3%), from €71 to €1,116
- Other operating charges +€561
up €561 (+11.8%), from €4,767 to €5,329
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 | €238,154 | €222,372 | -€15,782 | -6.6% |
| Fixed assets | 21/28 | €175,438 | €193,106 | +€17,669 | +10.1% |
| Tangible fixed assets | 22/27 | €175,438 | €193,106 | +€17,669 | +10.1% |
| Land and buildings | 22 | €173,277 | €192,266 | +€18,989 | +11.0% |
| Plant, machinery and equipment | 23 | €1,760 | €620 | -€1,141 | -64.8% |
| Furniture and vehicles | 24 | €400 | €220 | -€180 | -45.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €62,716 | €29,265 | -€33,451 | -53.3% |
| Cash at bank and in hand | 54/58 | €62,663 | €29,265 | -€33,398 | -53.3% |
| Deferred charges and accrued income | 490/1 | €52 | - | -€52 | |
| Total equity and liabilities | 10/49 | €238,154 | €222,372 | -€15,782 | -6.6% |
| Equity | 10/15 | €227,808 | €199,111 | -€28,697 | -12.6% |
| Contributions | 10/11 | €14,894 | €14,894 | = | 0.0% |
| Reserves | 13 | €72,707 | €25,319 | -€47,387 | -65.2% |
| Distributable reserves | 133 | €72,707 | €25,319 | -€47,387 | -65.2% |
| Profit (loss) carried forward | 14 | €140,207 | €158,898 | +€18,691 | +13.3% |
| Amounts payable | 17/49 | €10,346 | €23,260 | +€12,914 | +124.8% |
| Amounts payable after more than one year | 17 | €8,060 | - | -€8,060 | |
| Other amounts payable | 178/9 | €8,060 | - | -€8,060 | |
| Amounts payable within one year | 42/48 | €2,103 | €22,730 | +€20,628 | +981.0% |
| Trade debts | 44 | €955 | €3,834 | +€2,879 | +301.6% |
| Suppliers | 440/4 | €955 | €3,834 | +€2,879 | +301.6% |
| Taxes, remuneration and social security | 45 | - | €7,178 | +€7,178 | |
| Taxes | 450/3 | - | €7,178 | +€7,178 | |
| Other amounts payable | 47/48 | €1,148 | €11,718 | +€10,570 | +920.9% |
| Accrued charges and deferred income | 492/3 | €183 | €530 | +€347 | +189.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,241 | €17,443 | +€201 | +1.2% |
| Other operating charges | 640/8 | €4,767 | €5,329 | +€561 | +11.8% |
| Non-recurring operating charges | 66A | €87 | - | -€87 | |
| Gross operating margin | 9900 | €30,283 | €49,755 | +€19,473 | +64.3% |
| Operating profit (loss) | 9901 | €8,188 | €26,984 | +€18,797 | +229.6% |
| Financial charges | 65/66B | €71 | €1,116 | +€1,044 | +1465.3% |
| Recurring financial charges | 65 | €71 | €1,116 | +€1,044 | +1465.3% |
| Profit (loss) for the period before taxes | 9903 | €8,116 | €25,869 | +€17,753 | +218.7% |
| Income taxes | 67/77 | - | €7,178 | +€7,178 | |
| Profit (loss) for the period | 9904 | €8,116 | €18,691 | +€10,574 | +130.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,116 | €18,691 | +€10,574 | +130.3% |
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 4 October 2026 via checked.be.