MAbeton: 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.
MAbeton
Largest movements
- Tangible fixed assets +€357,671
up €357,671 (+65.8%), from €543,838 to €901,510
of which Other tangible fixed assets: +€395,896
- Receivables within one year +€266,559
up €266,559 (+43.4%), from €613,501 to €880,060
of which Trade receivables: +€232,734
- Trade debts +€415,225
up €415,225 (+255%), from €162,633 to €577,858
- Debts after one year +€138,048
new in 2025: €138,048
- Reserves +€115,462
up €115,462 (+13.4%), from €860,284 to €975,746
- Other debts -€94,572
down €94,572 (-83.6%), from €113,163 to €18,592
- Current portion of long-term debt +€51,440
up €51,440 (+181%), from €28,379 to €79,819
- Staff costs +€103,194
up €103,194 (+27.0%), from €381,796 to €484,990
- Taxes -€45,241
down €45,241 (-61.2%), from €73,905 to €28,664
- Gross operating margin -€36,512
down €36,512 (-4.5%), from €818,022 to €781,510
- Depreciation +€18,141
up €18,141 (+18.8%), from €96,249 to €114,390
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 | €1,228,510 | €1,830,159 | +€601,649 | +49.0% |
| Fixed assets | 21/28 | €552,153 | €913,410 | +€361,256 | +65.4% |
| Tangible fixed assets | 22/27 | €543,838 | €901,510 | +€357,671 | +65.8% |
| Land and buildings | 22 | €254,724 | €68,125 | -€186,599 | -73.3% |
| Plant, machinery and equipment | 23 | €120,530 | €109,477 | -€11,053 | -9.2% |
| Furniture and vehicles | 24 | €123,367 | €155,388 | +€32,021 | +26.0% |
| Leasing and similar rights | 25 | €42,856 | €170,262 | +€127,406 | +297% |
| Other tangible fixed assets | 26 | €2,361 | €398,257 | +€395,896 | +16,767% |
| Financial fixed assets | 28 | €8,315 | €11,900 | +€3,585 | +43.1% |
| Current assets | 29/58 | €676,357 | €916,749 | +€240,392 | +35.5% |
| Amounts receivable within one year | 40/41 | €613,501 | €880,060 | +€266,559 | +43.4% |
| Trade receivables | 40 | €584,380 | €817,114 | +€232,734 | +39.8% |
| Other amounts receivable | 41 | €29,121 | €62,946 | +€33,825 | +116% |
| Cash at bank and in hand | 54/58 | €48,015 | €33,547 | -€14,468 | -30.1% |
| Deferred charges and accrued income | 490/1 | €14,840 | €3,141 | -€11,699 | -78.8% |
| Total equity and liabilities | 10/49 | €1,228,510 | €1,830,159 | +€601,649 | +49.0% |
| Equity | 10/15 | €861,284 | €976,746 | +€115,462 | +13.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €860,284 | €975,746 | +€115,462 | +13.4% |
| Distributable reserves | 133 | €860,284 | €975,746 | +€115,462 | +13.4% |
| Amounts payable | 17/49 | €367,226 | €853,413 | +€486,187 | +132% |
| Amounts payable after more than one year | 17 | - | €138,048 | +€138,048 | |
| Financial debts | 170/4 | - | €138,048 | +€138,048 | |
| Amounts payable within one year | 42/48 | €363,084 | €711,482 | +€348,398 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €28,379 | €79,819 | +€51,440 | +181% |
| Trade debts | 44 | €162,633 | €577,858 | +€415,225 | +255% |
| Suppliers | 440/4 | €162,633 | €577,858 | +€415,225 | +255% |
| Taxes, remuneration and social security | 45 | €58,908 | €35,213 | -€23,695 | -40.2% |
| Taxes | 450/3 | €45,005 | €9,138 | -€35,866 | -79.7% |
| Remuneration and social security | 454/9 | €13,904 | €26,075 | +€12,171 | +87.5% |
| Other amounts payable | 47/48 | €113,163 | €18,592 | -€94,572 | -83.6% |
| Accrued charges and deferred income | 492/3 | €4,142 | €3,883 | -€259 | -6.3% |
| Remuneration, social security and pensions | 62 | €381,796 | €484,990 | +€103,194 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,249 | €114,390 | +€18,141 | +18.8% |
| Other operating charges | 640/8 | €9,515 | €6,399 | -€3,115 | -32.7% |
| Non-recurring operating charges | 66A | - | €23,600 | +€23,600 | |
| Gross operating margin | 9900 | €818,022 | €781,510 | -€36,512 | -4.5% |
| Operating profit (loss) | 9901 | €330,462 | €152,131 | -€178,331 | -54.0% |
| Financial income | 75/76B | €699 | €6,820 | +€6,121 | +876% |
| Recurring financial income | 75 | €699 | €6,820 | +€6,121 | +876% |
| Financial charges | 65/66B | €11,380 | €13,993 | +€2,613 | +23.0% |
| Recurring financial charges | 65 | €11,380 | €13,993 | +€2,613 | +23.0% |
| Profit (loss) for the period before taxes | 9903 | €319,781 | €144,958 | -€174,823 | -54.7% |
| Income taxes | 67/77 | €73,905 | €28,664 | -€45,241 | -61.2% |
| Profit (loss) for the period | 9904 | €245,876 | €116,295 | -€129,582 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €245,876 | €116,295 | -€129,582 | -52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.