MaBeLu: what changed
Two financial 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.
MaBeLu
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Trade debts -€57,020
down €57,020 (-5.9%), from €959,273 to €902,254
- Reserves +€32,977
up €32,977 (+316.9%), from €10,408 to €43,385
- Other debts +€15,295
up €15,295 (+8.8%), from €173,796 to €189,091
- Financial income +€49,994
up €49,994 (+833233.3%), from €6 to €50,000
- Gross operating margin -€5,208
down €5,208 (-355.5%), from -€1,465 to -€6,672
- Taxes +€3,258
up €3,258 (+987.1%), from €330 to €3,588
- Other operating charges +€559
up €559 (+57.8%), from €968 to €1,527
- Financial charges -€313
down €313 (-29.9%), from €1,047 to €735
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 | €1,220,890 | €1,218,648 | -€2,242 | -0.2% |
| Fixed assets | 21/28 | €1,215,000 | €1,215,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,215,000 | €1,215,000 | = | 0.0% |
| Current assets | 29/58 | €5,890 | €3,648 | -€2,242 | -38.1% |
| Amounts receivable within one year | 40/41 | €4,050 | €556 | -€3,494 | -86.3% |
| Trade receivables | 40 | €3,616 | - | -€3,616 | |
| Other amounts receivable | 41 | €434 | €556 | +€122 | +28.2% |
| Cash at bank and in hand | 54/58 | €1,516 | €2,747 | +€1,230 | +81.2% |
| Deferred charges and accrued income | 490/1 | €325 | €346 | +€21 | +6.6% |
| Total equity and liabilities | 10/49 | €1,220,890 | €1,218,648 | -€2,242 | -0.2% |
| Equity | 10/15 | €85,907 | €123,385 | +€37,478 | +43.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €10,408 | €43,385 | +€32,977 | +316.9% |
| Distributable reserves | 133 | €10,408 | €43,385 | +€32,977 | +316.9% |
| Profit (loss) carried forward | 14 | -€4,501 | €0 | +€4,501 | |
| Amounts payable | 17/49 | €1,134,983 | €1,095,263 | -€39,720 | -3.5% |
| Amounts payable within one year | 42/48 | €1,134,983 | €1,095,263 | -€39,720 | -3.5% |
| Trade debts | 44 | €959,273 | €902,254 | -€57,020 | -5.9% |
| Suppliers | 440/4 | €959,273 | €902,254 | -€57,020 | -5.9% |
| Taxes, remuneration and social security | 45 | €1,914 | €3,919 | +€2,005 | +104.8% |
| Taxes | 450/3 | €1,914 | €3,919 | +€2,005 | +104.8% |
| Other amounts payable | 47/48 | €173,796 | €189,091 | +€15,295 | +8.8% |
| Other operating charges | 640/8 | €968 | €1,527 | +€559 | +57.8% |
| Gross operating margin | 9900 | -€1,465 | -€6,672 | -€5,208 | -355.5% |
| Operating profit (loss) | 9901 | -€2,432 | -€8,199 | -€5,767 | -237.1% |
| Financial income | 75/76B | €6 | €50,000 | +€49,994 | +833233.3% |
| Recurring financial income | 75 | €6 | €50,000 | +€49,994 | +833233.3% |
| Financial charges | 65/66B | €1,047 | €735 | -€313 | -29.9% |
| Recurring financial charges | 65 | €1,047 | €735 | -€313 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,473 | €41,066 | +€44,540 | |
| Income taxes | 67/77 | €330 | €3,588 | +€3,258 | +987.1% |
| Profit (loss) for the period | 9904 | -€3,804 | €37,478 | +€41,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,804 | €37,478 | +€41,281 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.