Mabelle Project: 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.
Mabelle Project
Largest movements
- Receivables within one year -€5,521
down €5,521 (-66.6%), from €8,291 to €2,770
of which Other amounts receivable: -€3,435
- Tangible fixed assets -€205
down €205 (-84.5%), from €243 to €38
- Cash -€125
down €125 (-94.7%), from €132 to €7
mainly Debts after one year (-€2,500) and Trade debts (-€1,877)
- Debts after one year -€2,500
down €2,500 (-11.1%), from €22,500 to €20,000
- Trade debts -€1,877
no longer reported in 2025 (was €1,877)
- Profit (loss) carried forward -€1,225
down €1,225 (-5.1%), from -€23,951 to -€25,177
- Other debts -€110
down €110 (-1.3%), from €8,247 to €8,137
- Gross operating margin -€9,868
down €9,868 (-98.5%), from €10,022 to €154
- Staff costs +€3,071
no longer reported in 2025 (was -€3,071)
- Other operating charges -€886
down €886 (-63.6%), from €1,393 to €507
- Financial income -€870
down €870 (-100.0%), from €870 to €0
- Financial charges -€329
down €329 (-33.1%), from €996 to €667
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 | €8,729 | €2,962 | -€5,767 | -66.1% |
| Fixed assets | 21/28 | €243 | €38 | -€205 | -84.5% |
| Tangible fixed assets | 22/27 | €243 | €38 | -€205 | -84.5% |
| Furniture and vehicles | 24 | €243 | €38 | -€205 | -84.5% |
| Current assets | 29/58 | €8,486 | €2,924 | -€5,562 | -65.5% |
| Stocks and contracts in progress | 3 | €63 | €125 | +€61 | +96.5% |
| Stocks | 30/36 | €63 | €125 | +€61 | +96.5% |
| Amounts receivable within one year | 40/41 | €8,291 | €2,770 | -€5,521 | -66.6% |
| Trade receivables | 40 | €2,413 | €326 | -€2,086 | -86.5% |
| Other amounts receivable | 41 | €5,878 | €2,443 | -€3,435 | -58.4% |
| Cash at bank and in hand | 54/58 | €132 | €7 | -€125 | -94.7% |
| Deferred charges and accrued income | 490/1 | - | €22 | +€22 | |
| Total equity and liabilities | 10/49 | €8,729 | €2,962 | -€5,767 | -66.1% |
| Equity | 10/15 | -€23,950 | -€25,176 | -€1,225 | -5.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,951 | -€25,177 | -€1,225 | -5.1% |
| Amounts payable | 17/49 | €32,679 | €28,137 | -€4,542 | -13.9% |
| Amounts payable after more than one year | 17 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Financial debts | 170/4 | €22,500 | €20,000 | -€2,500 | -11.1% |
| Amounts payable within one year | 42/48 | €10,179 | €8,137 | -€2,042 | -20.1% |
| Financial debts | 43 | €55 | - | -€55 | |
| Credit institutions | 430/8 | €55 | - | -€55 | |
| Trade debts | 44 | €1,877 | - | -€1,877 | |
| Suppliers | 440/4 | €1,877 | - | -€1,877 | |
| Other amounts payable | 47/48 | €8,247 | €8,137 | -€110 | -1.3% |
| Remuneration, social security and pensions | 62 | -€3,071 | - | +€3,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €205 | = | 0.0% |
| Other operating charges | 640/8 | €1,393 | €507 | -€886 | -63.6% |
| Gross operating margin | 9900 | €10,022 | €154 | -€9,868 | -98.5% |
| Operating profit (loss) | 9901 | €11,495 | -€559 | -€12,053 | |
| Financial income | 75/76B | €870 | €0 | -€870 | -100.0% |
| Recurring financial income | 75 | €870 | €0 | -€870 | -100.0% |
| Financial charges | 65/66B | €996 | €667 | -€329 | -33.1% |
| Recurring financial charges | 65 | €996 | €667 | -€329 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €11,369 | -€1,225 | -€12,594 | |
| Profit (loss) for the period | 9904 | €11,369 | -€1,225 | -€12,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,369 | -€1,225 | -€12,594 |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.