MABIBO: 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.
MABIBO
Largest movements
- Tangible fixed assets -€27,579
down €27,579 (-15.9%), from €173,226 to €145,647
of which Leasing and similar rights: -€21,394
- Receivables within one year -€2,953
down €2,953 (-6.1%), from €48,667 to €45,715
of which Other amounts receivable: -€2,498
- Debts after one year -€20,922
down €20,922 (-29.7%), from €70,518 to €49,596
- Short-term financial debts +€15,363
up €15,363 (+162%), from €9,473 to €24,836
- Profit (loss) carried forward -€15,131
down €15,131, from €13,704 to -€1,428
- Trade debts -€6,958
down €6,958 (-16.7%), from €41,561 to €34,602
- Tax, wage and social debts -€4,305
down €4,305 (-44.2%), from €9,733 to €5,428
of which Taxes: -€5,627
- Depreciation +€6,082
up €6,082 (+20.5%), from €29,710 to €35,792
- Staff costs +€5,661
up €5,661 (+8.0%), from €70,776 to €76,437
- Gross operating margin -€4,540
down €4,540 (-3.9%), from €117,358 to €112,817
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 | €235,594 | €203,211 | -€32,383 | -13.7% |
| Fixed assets | 21/28 | €173,401 | €145,822 | -€27,579 | -15.9% |
| Tangible fixed assets | 22/27 | €173,226 | €145,647 | -€27,579 | -15.9% |
| Land and buildings | 22 | €4,833 | €3,069 | -€1,763 | -36.5% |
| Plant, machinery and equipment | 23 | €5,511 | €6,261 | +€750 | +13.6% |
| Furniture and vehicles | 24 | €74,320 | €69,149 | -€5,171 | -7.0% |
| Leasing and similar rights | 25 | €88,562 | €67,168 | -€21,394 | -24.2% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €62,193 | €57,389 | -€4,804 | -7.7% |
| Stocks and contracts in progress | 3 | €9,186 | €9,186 | = | 0.0% |
| Stocks | 30/36 | €9,186 | €9,186 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,667 | €45,715 | -€2,953 | -6.1% |
| Trade receivables | 40 | €36,679 | €36,224 | -€455 | -1.2% |
| Other amounts receivable | 41 | €11,988 | €9,490 | -€2,498 | -20.8% |
| Cash at bank and in hand | 54/58 | €1,514 | €1,367 | -€147 | -9.7% |
| Deferred charges and accrued income | 490/1 | €2,825 | €1,122 | -€1,704 | -60.3% |
| Total equity and liabilities | 10/49 | €235,594 | €203,211 | -€32,383 | -13.7% |
| Equity | 10/15 | €35,157 | €20,026 | -€15,131 | -43.0% |
| Contributions | 10/11 | €20,447 | €20,447 | = | 0.0% |
| Contributions outside capital | 11 | €20,447 | €20,447 | = | 0.0% |
| Other | 1109/19 | €20,447 | €20,447 | = | 0.0% |
| Reserves | 13 | €1,006 | €1,006 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,006 | €1,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,704 | -€1,428 | -€15,131 | |
| Amounts payable | 17/49 | €200,437 | €183,186 | -€17,251 | -8.6% |
| Amounts payable after more than one year | 17 | €70,518 | €49,596 | -€20,922 | -29.7% |
| Financial debts | 170/4 | €70,518 | €49,596 | -€20,922 | -29.7% |
| Amounts payable within one year | 42/48 | €126,127 | €133,590 | +€7,463 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €19,624 | €20,922 | +€1,298 | +6.6% |
| Financial debts | 43 | €9,473 | €24,836 | +€15,363 | +162% |
| Credit institutions | 430/8 | €9,473 | €24,836 | +€15,363 | +162% |
| Trade debts | 44 | €41,561 | €34,602 | -€6,958 | -16.7% |
| Suppliers | 440/4 | €41,561 | €34,602 | -€6,958 | -16.7% |
| Taxes, remuneration and social security | 45 | €9,733 | €5,428 | -€4,305 | -44.2% |
| Taxes | 450/3 | €5,867 | €239 | -€5,627 | -95.9% |
| Remuneration and social security | 454/9 | €3,867 | €5,189 | +€1,323 | +34.2% |
| Other amounts payable | 47/48 | €45,737 | €47,801 | +€2,064 | +4.5% |
| Accrued charges and deferred income | 492/3 | €3,792 | - | -€3,792 | |
| Remuneration, social security and pensions | 62 | €70,776 | €76,437 | +€5,661 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,710 | €35,792 | +€6,082 | +20.5% |
| Other operating charges | 640/8 | €1,318 | €2,094 | +€775 | +58.8% |
| Gross operating margin | 9900 | €117,358 | €112,817 | -€4,540 | -3.9% |
| Operating profit (loss) | 9901 | €15,553 | -€1,505 | -€17,058 | |
| Financial income | 75/76B | €149 | €368 | +€219 | +147% |
| Recurring financial income | 75 | €149 | €368 | +€219 | +147% |
| Financial charges | 65/66B | €14,145 | €13,995 | -€150 | -1.1% |
| Recurring financial charges | 65 | €14,145 | €13,995 | -€150 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €1,557 | -€15,131 | -€16,689 | |
| Income taxes | 67/77 | €887 | - | -€887 | |
| Profit (loss) for the period | 9904 | €670 | -€15,131 | -€15,801 | |
| Profit (loss) for the period to be appropriated | 9905 | €670 | -€15,131 | -€15,801 |
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 31 October 2026 via checked.be.