MABERA: 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.
MABERA
Largest movements
- Receivables within one year -€15,108
down €15,108 (-16.4%), from €92,063 to €76,955
of which Trade receivables: -€15,502
- Tangible fixed assets -€10,266
down €10,266 (-4.8%), from €214,617 to €204,351
of which Land and buildings: -€14,037
- Reserves +€40,000
up €40,000 (+38.3%), from €104,330 to €144,330
of which Distributable reserves: +€40,000
- Current portion of long-term debt -€28,830
down €28,830 (-58.5%), from €49,266 to €20,436
- Debts after one year -€20,436
down €20,436 (-14.8%), from €138,329 to €117,893
of which Financial debts: -€20,436
- Other debts -€15,563
down €15,563 (-63.1%), from €24,663 to €9,100
- Profit (loss) carried forward +€12,434
up €12,434 (+44.0%), from €28,272 to €40,706
- Financial charges -€57,593
down €57,593 (-87.9%), from €65,521 to €7,928
of which Financial charges: -€57,461
- Taxes +€19,834
up €19,834 (+870.4%), from €2,279 to €22,112
- Gross operating margin +€6,789
up €6,789 (+6.7%), from €102,057 to €108,846
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 | €509,229 | €489,657 | -€19,572 | -3.8% |
| Fixed assets | 21/28 | €214,617 | €204,351 | -€10,266 | -4.8% |
| Tangible fixed assets | 22/27 | €214,617 | €204,351 | -€10,266 | -4.8% |
| Land and buildings | 22 | €208,958 | €194,920 | -€14,037 | -6.7% |
| Plant, machinery and equipment | 23 | €5,244 | €9,358 | +€4,114 | +78.4% |
| Furniture and vehicles | 24 | €415 | €72 | -€343 | -82.6% |
| Current assets | 29/58 | €294,612 | €285,306 | -€9,306 | -3.2% |
| Amounts receivable after more than one year | 29 | €4,000 | €4,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,063 | €76,955 | -€15,108 | -16.4% |
| Trade receivables | 40 | €82,008 | €66,506 | -€15,502 | -18.9% |
| Other amounts receivable | 41 | €10,055 | €10,449 | +€394 | +3.9% |
| Current investments | 50/53 | €12,068 | €12,088 | +€20 | +0.2% |
| Cash at bank and in hand | 54/58 | €173,168 | €177,073 | +€3,905 | +2.3% |
| Deferred charges and accrued income | 490/1 | €13,313 | €15,191 | +€1,877 | +14.1% |
| Total equity and liabilities | 10/49 | €509,229 | €489,657 | -€19,572 | -3.8% |
| Equity | 10/15 | €232,602 | €285,036 | +€52,434 | +22.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €104,330 | €144,330 | +€40,000 | +38.3% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €90,830 | €130,830 | +€40,000 | +44.0% |
| Profit (loss) carried forward | 14 | €28,272 | €40,706 | +€12,434 | +44.0% |
| Amounts payable | 17/49 | €276,628 | €204,621 | -€72,006 | -26.0% |
| Amounts payable after more than one year | 17 | €138,329 | €117,893 | -€20,436 | -14.8% |
| Financial debts | 170/4 | €97,864 | €77,428 | -€20,436 | -20.9% |
| Other amounts payable | 178/9 | €40,465 | €40,465 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,053 | €52,502 | -€52,550 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €49,266 | €20,436 | -€28,830 | -58.5% |
| Trade debts | 44 | €9,715 | €462 | -€9,253 | -95.2% |
| Suppliers | 440/4 | €9,715 | €462 | -€9,253 | -95.2% |
| Taxes, remuneration and social security | 45 | €21,408 | €22,504 | +€1,095 | +5.1% |
| Taxes | 450/3 | €21,408 | €22,504 | +€1,095 | +5.1% |
| Other amounts payable | 47/48 | €24,663 | €9,100 | -€15,563 | -63.1% |
| Accrued charges and deferred income | 492/3 | €33,246 | €34,226 | +€980 | +2.9% |
| Non-recurring operating income | 76A | €0 | €7 | +€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,793 | €18,738 | -€1,054 | -5.3% |
| Other operating charges | 640/8 | €8,901 | €8,196 | -€705 | -7.9% |
| Non-recurring operating charges | 66A | €300 | €302 | +€2 | +0.6% |
| Gross operating margin | 9900 | €102,057 | €108,846 | +€6,789 | +6.7% |
| Operating profit (loss) | 9901 | €73,064 | €81,610 | +€8,546 | +11.7% |
| Financial income | 75/76B | €953 | €864 | -€89 | -9.4% |
| Recurring financial income | 75 | €953 | €864 | -€89 | -9.4% |
| Financial charges | 65/66B | €65,521 | €7,928 | -€57,593 | -87.9% |
| Recurring financial charges | 65 | €65,269 | €7,808 | -€57,461 | -88.0% |
| Non-recurring financial charges | 66B | €252 | €120 | -€132 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €8,497 | €74,546 | +€66,049 | +777.3% |
| Income taxes | 67/77 | €2,279 | €22,112 | +€19,834 | +870.4% |
| Profit (loss) for the period | 9904 | €6,218 | €52,434 | +€46,216 | +743.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,218 | €52,434 | +€46,216 | +743.2% |
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 5 October 2026 via checked.be.