MABO-INTERIEUR: 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.
MABO-INTERIEUR
Largest movements
- Tangible fixed assets +€716,023
up €716,023 (+608.1%), from €117,749 to €833,772
of which Land and buildings: +€723,290
- Receivables within one year -€76,358
down €76,358 (-52.8%), from €144,667 to €68,309
of which Trade receivables: -€71,532
- Cash -€20,942
down €20,942 (-18.3%), from €114,690 to €93,748
mainly Investment in fixed assets (net) (-€793,390) and Current portion of long-term debt (-€46,834)
- Debts after one year +€612,815
up €612,815 (+944.4%), from €64,891 to €677,706
- Current portion of long-term debt -€46,834
down €46,834 (-40.7%), from €115,050 to €68,217
- Reserves +€28,261
up €28,261 (+17.7%), from €160,085 to €188,346
- Other debts +€21,635
up €21,635 (+619.9%), from €3,490 to €25,125
- Tax, wage and social debts +€16,312
up €16,312 (+71.3%), from €22,871 to €39,183
of which Taxes: +€9,853
- Gross operating margin +€68,191
up €68,191 (+36.9%), from €184,926 to €253,117
- Depreciation +€31,559
up €31,559 (+67.9%), from €46,504 to €78,063
- Staff costs +€29,376
up €29,376 (+43.0%), from €68,394 to €97,770
- Financial charges +€20,320
up €20,320 (+390.1%), from €5,209 to €25,529
- Taxes -€6,387
down €6,387 (-31.4%), from €20,368 to €13,981
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 | €389,065 | €1,013,075 | +€624,011 | +160.4% |
| Fixed assets | 21/28 | €118,683 | €834,009 | +€715,326 | +602.7% |
| Intangible fixed assets | 21 | €934 | €237 | -€697 | -74.6% |
| Tangible fixed assets | 22/27 | €117,749 | €833,772 | +€716,023 | +608.1% |
| Land and buildings | 22 | - | €723,290 | +€723,290 | |
| Plant, machinery and equipment | 23 | €29,140 | €37,557 | +€8,417 | +28.9% |
| Furniture and vehicles | 24 | €9,725 | €15,970 | +€6,246 | +64.2% |
| Leasing and similar rights | 25 | €74,808 | €56,296 | -€18,512 | -24.7% |
| Other tangible fixed assets | 26 | €4,077 | €660 | -€3,417 | -83.8% |
| Current assets | 29/58 | €270,382 | €179,066 | -€91,315 | -33.8% |
| Stocks and contracts in progress | 3 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Stocks | 30/36 | €9,000 | €14,000 | +€5,000 | +55.6% |
| Amounts receivable within one year | 40/41 | €144,667 | €68,309 | -€76,358 | -52.8% |
| Trade receivables | 40 | €139,035 | €67,503 | -€71,532 | -51.4% |
| Other amounts receivable | 41 | €5,632 | €806 | -€4,825 | -85.7% |
| Cash at bank and in hand | 54/58 | €114,690 | €93,748 | -€20,942 | -18.3% |
| Deferred charges and accrued income | 490/1 | €2,025 | €3,009 | +€984 | +48.6% |
| Total equity and liabilities | 10/49 | €389,065 | €1,013,075 | +€624,011 | +160.4% |
| Equity | 10/15 | €172,485 | €200,746 | +€28,261 | +16.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €160,085 | €188,346 | +€28,261 | +17.7% |
| Distributable reserves | 133 | €160,085 | €188,346 | +€28,261 | +17.7% |
| Amounts payable | 17/49 | €216,579 | €812,329 | +€595,750 | +275.1% |
| Amounts payable after more than one year | 17 | €64,891 | €677,706 | +€612,815 | +944.4% |
| Financial debts | 170/4 | €64,891 | €677,706 | +€612,815 | +944.4% |
| Amounts payable within one year | 42/48 | €151,178 | €134,624 | -€16,554 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €115,050 | €68,217 | -€46,834 | -40.7% |
| Trade debts | 44 | €9,766 | €2,099 | -€7,667 | -78.5% |
| Suppliers | 440/4 | €9,766 | €2,099 | -€7,667 | -78.5% |
| Taxes, remuneration and social security | 45 | €22,871 | €39,183 | +€16,312 | +71.3% |
| Taxes | 450/3 | €15,971 | €25,824 | +€9,853 | +61.7% |
| Remuneration and social security | 454/9 | €6,901 | €13,360 | +€6,459 | +93.6% |
| Other amounts payable | 47/48 | €3,490 | €25,125 | +€21,635 | +619.9% |
| Accrued charges and deferred income | 492/3 | €511 | €0 | -€511 | -100.0% |
| Non-recurring operating income | 76A | - | €34,951 | +€34,951 | |
| Remuneration, social security and pensions | 62 | €68,394 | €97,770 | +€29,376 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,504 | €78,063 | +€31,559 | +67.9% |
| Other operating charges | 640/8 | €4,464 | €8,637 | +€4,174 | +93.5% |
| Non-recurring operating charges | 66A | €0 | €2,576 | +€2,576 | |
| Gross operating margin | 9900 | €184,926 | €253,117 | +€68,191 | +36.9% |
| Operating profit (loss) | 9901 | €65,564 | €66,070 | +€506 | +0.8% |
| Financial income | 75/76B | €161 | €1,700 | +€1,539 | +953.5% |
| Recurring financial income | 75 | €161 | €1,700 | +€1,539 | +953.5% |
| Financial charges | 65/66B | €5,209 | €25,529 | +€20,320 | +390.1% |
| Recurring financial charges | 65 | €5,209 | €25,529 | +€20,320 | +390.1% |
| Profit (loss) for the period before taxes | 9903 | €60,517 | €42,242 | -€18,275 | -30.2% |
| Income taxes | 67/77 | €20,368 | €13,981 | -€6,387 | -31.4% |
| Profit (loss) for the period | 9904 | €40,149 | €28,261 | -€11,888 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,149 | €28,261 | -€11,888 | -29.6% |
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 12 October 2026 via checked.be.