MABENA: 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.
MABENA
Largest movements
- Deferred charges and accrued income -€14,027
down €14,027 (-84.9%), from €16,519 to €2,492
- Cash +€5,162
up €5,162 (+26.4%), from €19,572 to €24,733
mainly Net result for the year (+€15,721) and Deferred charges and accrued income (+€14,027)
- Receivables within one year +€1,041
up €1,041 (+6.7%), from €15,556 to €16,596
of which Other amounts receivable: +€587
- Other debts -€16,863
down €16,863 (-89.8%), from €18,771 to €1,907
- Profit (loss) carried forward +€15,721
up €15,721 (+141%), from €11,124 to €26,846
- Trade debts -€14,904
down €14,904 (-90.1%), from €16,534 to €1,630
- Tax, wage and social debts +€6,403
up €6,403 (+149%), from €4,298 to €10,700
- Short-term financial debts +€1,318
up €1,318 (+137%), from €961 to €2,279
- Gross operating margin +€21,829
up €21,829 (+178%), from €12,243 to €34,072
- Depreciation +€6,532
up €6,532 (+220%), from €2,970 to €9,502
- Taxes +€3,999
up €3,999 (+276%), from €1,448 to €5,446
- Other operating charges +€2,502
up €2,502 (+502%), from €498 to €3,000
- Financial charges -€1,535
down €1,535 (-78.9%), from €1,946 to €411
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,688 | €93,363 | -€8,325 | -8.2% |
| Fixed assets | 21/28 | €50,041 | €49,541 | -€500 | -1.0% |
| Tangible fixed assets | 22/27 | €50,041 | €49,541 | -€500 | -1.0% |
| Plant, machinery and equipment | 23 | €16,939 | €20,413 | +€3,474 | +20.5% |
| Furniture and vehicles | 24 | €1,839 | €828 | -€1,011 | -55.0% |
| Other tangible fixed assets | 26 | €31,263 | €28,300 | -€2,963 | -9.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €51,647 | €43,822 | -€7,825 | -15.2% |
| Amounts receivable within one year | 40/41 | €15,556 | €16,596 | +€1,041 | +6.7% |
| Trade receivables | 40 | €13,068 | €13,522 | +€454 | +3.5% |
| Other amounts receivable | 41 | €2,488 | €3,075 | +€587 | +23.6% |
| Cash at bank and in hand | 54/58 | €19,572 | €24,733 | +€5,162 | +26.4% |
| Deferred charges and accrued income | 490/1 | €16,519 | €2,492 | -€14,027 | -84.9% |
| Total equity and liabilities | 10/49 | €101,688 | €93,363 | -€8,325 | -8.2% |
| Equity | 10/15 | €11,125 | €26,847 | +€15,721 | +141% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,124 | €26,846 | +€15,721 | +141% |
| Amounts payable | 17/49 | €90,563 | €66,517 | -€24,046 | -26.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,563 | €16,517 | -€24,046 | -59.3% |
| Financial debts | 43 | €961 | €2,279 | +€1,318 | +137% |
| Credit institutions | 430/8 | €961 | €2,279 | +€1,318 | +137% |
| Trade debts | 44 | €16,534 | €1,630 | -€14,904 | -90.1% |
| Suppliers | 440/4 | €16,534 | €1,630 | -€14,904 | -90.1% |
| Taxes, remuneration and social security | 45 | €4,298 | €10,700 | +€6,403 | +149% |
| Taxes | 450/3 | €4,298 | €10,700 | +€6,403 | +149% |
| Other amounts payable | 47/48 | €18,771 | €1,907 | -€16,863 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,970 | €9,502 | +€6,532 | +220% |
| Other operating charges | 640/8 | €498 | €3,000 | +€2,502 | +502% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €12,243 | €34,072 | +€21,829 | +178% |
| Operating profit (loss) | 9901 | €8,774 | €21,570 | +€12,796 | +146% |
| Financial income | 75/76B | €104 | €9 | -€95 | -91.4% |
| Recurring financial income | 75 | €104 | €9 | -€95 | -91.4% |
| Financial charges | 65/66B | €1,946 | €411 | -€1,535 | -78.9% |
| Recurring financial charges | 65 | €1,946 | €411 | -€1,535 | -78.9% |
| Profit (loss) for the period before taxes | 9903 | €6,932 | €21,168 | +€14,235 | +205% |
| Income taxes | 67/77 | €1,448 | €5,446 | +€3,999 | +276% |
| Profit (loss) for the period | 9904 | €5,485 | €15,721 | +€10,236 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €5,485 | €15,721 | +€10,236 | +187% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.