MABERG: 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.
MABERG
Largest movements
- Cash -€25,518
down €25,518 (-63.4%), from €40,253 to €14,735
mainly Provisions (-€21,576) and Net result for the year (-€18,714)
- Tangible fixed assets -€14,491
down €14,491 (-2.1%), from €686,255 to €671,764
of which Land and buildings: -€14,054
- Receivables after one year -€12,742
no longer reported in 2025 (was €12,742)
- Reserves -€97,397
down €97,397 (-40.7%), from €239,207 to €141,810
of which Tax-exempt reserves: -€97,397
- Profit (loss) carried forward +€78,683
up €78,683 (+267%), from €29,519 to €108,202
- Provisions -€21,576
no longer reported in 2025 (was €21,576)
- Tax, wage and social debts -€9,469
no longer reported in 2025 (was €9,469)
- Taxes +€15,225
up €15,225 (+137%), from €11,145 to €26,370
- Gross operating margin -€14,582
down €14,582 (-62.5%), from €23,326 to €8,744
- Financial income -€4,724
down €4,724 (-71.9%), from €6,571 to €1,847
- Depreciation +€624
up €624 (+3.1%), from €19,942 to €20,565
- Other operating charges +€274
up €274 (+7.8%), from €3,517 to €3,791
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.
Derived cash bridge
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 | €920,070 | €872,101 | -€47,969 | -5.2% |
| Fixed assets | 21/28 | €686,255 | €671,764 | -€14,491 | -2.1% |
| Tangible fixed assets | 22/27 | €686,255 | €671,764 | -€14,491 | -2.1% |
| Land and buildings | 22 | €685,818 | €671,764 | -€14,054 | -2.0% |
| Plant, machinery and equipment | 23 | €75 | - | -€75 | |
| Furniture and vehicles | 24 | €362 | - | -€362 | |
| Current assets | 29/58 | €233,815 | €200,337 | -€33,478 | -14.3% |
| Amounts receivable after more than one year | 29 | €12,742 | - | -€12,742 | |
| Other amounts receivable | 291 | €12,742 | - | -€12,742 | |
| Amounts receivable within one year | 40/41 | - | €4,109 | +€4,109 | |
| Trade receivables | 40 | - | €61 | +€61 | |
| Other amounts receivable | 41 | - | €4,048 | +€4,048 | |
| Current investments | 50/53 | €180,000 | €180,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,253 | €14,735 | -€25,518 | -63.4% |
| Deferred charges and accrued income | 490/1 | €820 | €1,493 | +€673 | +82.0% |
| Total equity and liabilities | 10/49 | €920,070 | €872,101 | -€47,969 | -5.2% |
| Equity | 10/15 | €887,026 | €868,312 | -€18,714 | -2.1% |
| Contributions | 10/11 | €618,300 | €618,300 | = | 0.0% |
| Contributions outside capital | 11 | - | €618,300 | +€618,300 | |
| Other | 1109/19 | - | €618,300 | +€618,300 | |
| Reserves | 13 | €239,207 | €141,810 | -€97,397 | -40.7% |
| Tax-exempt reserves | 132 | €97,397 | - | -€97,397 | |
| Distributable reserves | 133 | €141,810 | €141,810 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,519 | €108,202 | +€78,683 | +267% |
| Provisions and deferred taxes | 16 | €21,576 | - | -€21,576 | |
| Deferred taxes | 168 | €21,576 | - | -€21,576 | |
| Amounts payable | 17/49 | €11,469 | €3,789 | -€7,680 | -67.0% |
| Amounts payable within one year | 42/48 | €9,469 | €1,339 | -€8,130 | -85.9% |
| Taxes, remuneration and social security | 45 | €9,469 | - | -€9,469 | |
| Taxes | 450/3 | €9,469 | - | -€9,469 | |
| Other amounts payable | 47/48 | - | €1,339 | +€1,339 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,450 | +€450 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,942 | €20,565 | +€624 | +3.1% |
| Other operating charges | 640/8 | €3,517 | €3,791 | +€274 | +7.8% |
| Gross operating margin | 9900 | €23,326 | €8,744 | -€14,582 | -62.5% |
| Operating profit (loss) | 9901 | -€133 | -€15,612 | -€15,479 | -11,629% |
| Financial income | 75/76B | €6,571 | €1,847 | -€4,724 | -71.9% |
| Recurring financial income | 75 | €6,571 | €1,847 | -€4,724 | -71.9% |
| Financial charges | 65/66B | €154 | €153 | -€1 | -0.7% |
| Recurring financial charges | 65 | €154 | €153 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €6,283 | -€13,919 | -€20,202 | |
| Transfer from deferred taxes | 780 | €11,318 | €21,576 | +€10,258 | +90.6% |
| Income taxes | 67/77 | €11,145 | €26,370 | +€15,225 | +137% |
| Profit (loss) for the period | 9904 | €6,456 | -€18,714 | -€25,170 | |
| Transfer from tax-exempt reserves | 789 | €23,063 | €97,397 | +€74,334 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €29,519 | €78,683 | +€49,164 | +167% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.