MABO: 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.
MABO
Largest movements
- Tangible fixed assets -€39,209
down €39,209 (-6.2%), from €636,492 to €597,283
of which Land and buildings: -€37,584
- Cash -€11,745
down €11,745 (-100.0%), from €11,745 to €0
mainly Net result for the year (-€25,454) and Debts after one year (-€21,892)
- Receivables within one year -€9,877
down €9,877 (-47.7%), from €20,685 to €10,808
- Profit (loss) carried forward -€25,454
new in 2024: -€25,454
- Debts after one year -€21,892
down €21,892 (-5.0%), from €437,420 to €415,528
- Current portion of long-term debt -€9,469
down €9,469 (-22.1%), from €42,805 to €33,336
- Short-term financial debts +€9,023
new in 2024: €9,023
- Gross operating margin -€30,644
down €30,644 (-49.4%), from €62,023 to €31,378
- Taxes +€1,591
up €1,591 (+228.1%), from €698 to €2,289
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.
Cash bridge derived
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 | €669,618 | €608,778 | -€60,840 | -9.1% |
| Fixed assets | 21/28 | €636,492 | €597,283 | -€39,209 | -6.2% |
| Tangible fixed assets | 22/27 | €636,492 | €597,283 | -€39,209 | -6.2% |
| Land and buildings | 22 | €633,901 | €596,317 | -€37,584 | -5.9% |
| Plant, machinery and equipment | 23 | €1,368 | €0 | -€1,368 | -100.0% |
| Furniture and vehicles | 24 | €1,223 | €966 | -€258 | -21.1% |
| Current assets | 29/58 | €33,126 | €11,495 | -€21,631 | -65.3% |
| Amounts receivable within one year | 40/41 | €20,685 | €10,808 | -€9,877 | -47.7% |
| Trade receivables | 40 | €20,685 | €10,808 | -€9,877 | -47.7% |
| Cash at bank and in hand | 54/58 | €11,745 | €0 | -€11,745 | -100.0% |
| Deferred charges and accrued income | 490/1 | €697 | €687 | -€10 | -1.4% |
| Total equity and liabilities | 10/49 | €669,618 | €608,778 | -€60,840 | -9.1% |
| Equity | 10/15 | €50,766 | €25,312 | -€25,454 | -50.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €20,766 | €20,766 | = | 0.0% |
| Distributable reserves | 133 | €20,766 | €20,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,454 | -€25,454 | |
| Amounts payable | 17/49 | €618,852 | €583,466 | -€35,386 | -5.7% |
| Amounts payable after more than one year | 17 | €437,420 | €415,528 | -€21,892 | -5.0% |
| Financial debts | 170/4 | €437,420 | €415,528 | -€21,892 | -5.0% |
| Amounts payable within one year | 42/48 | €181,387 | €167,938 | -€13,449 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €42,805 | €33,336 | -€9,469 | -22.1% |
| Financial debts | 43 | - | €9,023 | +€9,023 | |
| Credit institutions | 430/8 | - | €9,023 | +€9,023 | |
| Trade debts | 44 | €34,669 | €31,036 | -€3,633 | -10.5% |
| Suppliers | 440/4 | €34,669 | €31,036 | -€3,633 | -10.5% |
| Taxes, remuneration and social security | 45 | €7,914 | €2,495 | -€5,420 | -68.5% |
| Taxes | 450/3 | €7,914 | €2,495 | -€5,420 | -68.5% |
| Other amounts payable | 47/48 | €95,999 | €92,048 | -€3,951 | -4.1% |
| Accrued charges and deferred income | 492/3 | €46 | €0 | -€46 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,662 | €39,209 | +€548 | +1.4% |
| Other operating charges | 640/8 | €4,393 | €4,797 | +€405 | +9.2% |
| Gross operating margin | 9900 | €62,023 | €31,378 | -€30,644 | -49.4% |
| Operating profit (loss) | 9901 | €18,968 | -€12,628 | -€31,597 | |
| Financial income | 75/76B | - | €458 | +€458 | |
| Recurring financial income | 75 | - | €458 | +€458 | |
| Financial charges | 65/66B | €10,952 | €10,995 | +€43 | +0.4% |
| Recurring financial charges | 65 | €10,952 | €10,995 | +€43 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €8,016 | -€23,165 | -€31,181 | |
| Income taxes | 67/77 | €698 | €2,289 | +€1,591 | +228.1% |
| Profit (loss) for the period | 9904 | €7,318 | -€25,454 | -€32,773 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,318 | -€25,454 | -€32,773 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.