Mabo International: 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.
What changed
Mabo International
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€340,834
2024 · €17.8m-€17.5m
Equity
€17.7m
2024 · €17.3m+€340,834
Cash
€238,532
2024 · €69,044+€169,487
Balance sheet total
€27.5m
2024 · €27.5m-€65,704
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€1.3m
down €1.3m (-13.4%), from €9.5m to €8.3m
of which Financial debts: -€1.3m
- Current portion of long-term debt +€1.3m
new in 2025: €1.3m
- Profit (loss) carried forward +€323,792
up €323,792 (+11.1%), from €2.9m to €3.3m
- Other debts -€310,973
down €310,973 (-75.7%), from €410,973 to €100,000
Income statement
- Financial income -€23.4m
no longer reported in 2025 (was €23.4m)
of which Financial income: -€18.0m
- Financial charges -€5.7m
down €5.7m (-97.8%), from €5.8m to €128,253
of which Non-recurring financial charges: -€5.4m
- Turnover -€203,579
down €203,579 (-11.0%), from €1.9m to €1.7m
- Services and other goods -€201,744
down €201,744 (-26.0%), from €776,167 to €574,423
- Staff costs -€71,707
down €71,707 (-11.0%), from €650,683 to €578,976
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.
Result 2024
€17.8m
Turnover
-€203,579
Other operating income
+€2,265
Services and other goods
+€201,744
Staff costs
+€71,707
Depreciation
-€2,941
Other operating charges
-€37
Other operating items
+€92,461
Financial income
-€23.4m
Financial charges
+€5.7m
Taxes
-€47
Result 2025
€340,834
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€177,739
Investment
-€8,252
Financing
€0
Cash 2024
€69,044
From operations (derived)
+€177,739
Net result for the year
+€340,834
Depreciation
+€47,448
Receivables within one year
+€192,200
Deferred charges and accrued income
+€3,795
Trade debts
-€45,908
Tax, wage and social debts
-€35,212
Other debts
-€310,973
Accrued charges and deferred income
-€14,445
Investment (derived)
-€8,252
Investment in fixed assets (net)
-€8,252
Financing
€0
Debts after one year
-€1.3m
Current portion of long-term debt
+€1.3m
Cash 2025
€238,532
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,548,823 | €27,483,119 | -€65,704 | -0.2% |
| Fixed assets | 21/28 | €27,274,260 | €27,235,064 | -€39,196 | -0.1% |
| Intangible fixed assets | 21 | €46,871 | €29,372 | -€17,499 | -37.3% |
| Tangible fixed assets | 22/27 | €56,424 | €34,726 | -€21,697 | -38.5% |
| Plant, machinery and equipment | 23 | €26,941 | €19,649 | -€7,292 | -27.1% |
| Furniture and vehicles | 24 | €29,483 | €15,078 | -€14,405 | -48.9% |
| Financial fixed assets | 28 | €27,170,966 | €27,170,966 | = | 0.0% |
| Affiliated companies | 280/1 | €27,170,966 | €27,170,966 | = | 0.0% |
| Participating interests | 280 | €27,170,966 | €27,170,966 | = | 0.0% |
| Current assets | 29/58 | €274,563 | €248,055 | -€26,508 | -9.7% |
| Amounts receivable within one year | 40/41 | €201,723 | €9,523 | -€192,200 | -95.3% |
| Trade receivables | 40 | €201,723 | €9,499 | -€192,225 | -95.3% |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €69,044 | €238,532 | +€169,487 | +245% |
| Deferred charges and accrued income | 490/1 | €3,795 | - | -€3,795 | |
| Total equity and liabilities | 10/49 | €27,548,823 | €27,483,119 | -€65,704 | -0.2% |
| Equity | 10/15 | €17,314,289 | €17,655,122 | +€340,834 | +2.0% |
| Contributions | 10/11 | €13,806,000 | €13,806,000 | = | 0.0% |
| Capital | 10 | €13,806,000 | €13,806,000 | = | 0.0% |
| Issued capital | 100 | €13,806,000 | €13,806,000 | = | 0.0% |
| Reserves | 13 | €579,935 | €596,977 | +€17,042 | +2.9% |
| Non-distributable reserves | 130/1 | €579,935 | €596,977 | +€17,042 | +2.9% |
| Legal reserve | 130 | €579,935 | €596,977 | +€17,042 | +2.9% |
| Profit (loss) carried forward | 14 | €2,928,353 | €3,252,145 | +€323,792 | +11.1% |
| Amounts payable | 17/49 | €10,234,535 | €9,827,997 | -€406,538 | -4.0% |
| Amounts payable after more than one year | 17 | €9,527,017 | €8,251,917 | -€1.3m | -13.4% |
| Financial debts | 170/4 | €3,602,017 | €2,326,917 | -€1.3m | -35.4% |
| Other loans | 174 | €3,602,017 | €2,326,917 | -€1.3m | -35.4% |
| Other amounts payable | 178/9 | €5,925,000 | €5,925,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €585,709 | €1,468,716 | +€883,007 | +151% |
| Current portion of amounts payable after more than one year | 42 | - | €1,275,100 | +€1.3m | |
| Trade debts | 44 | €49,487 | €3,579 | -€45,908 | -92.8% |
| Suppliers | 440/4 | €49,487 | €3,579 | -€45,908 | -92.8% |
| Taxes, remuneration and social security | 45 | €125,249 | €90,037 | -€35,212 | -28.1% |
| Taxes | 450/3 | €30,156 | €14,933 | -€15,223 | -50.5% |
| Remuneration and social security | 454/9 | €95,093 | €75,104 | -€19,989 | -21.0% |
| Other amounts payable | 47/48 | €410,973 | €100,000 | -€310,973 | -75.7% |
| Accrued charges and deferred income | 492/3 | €121,809 | €107,363 | -€14,445 | -11.9% |
| Operating income | 70/76A | €1,874,929 | €1,673,218 | -€201,711 | -10.8% |
| Turnover | 70 | €1,857,829 | €1,654,250 | -€203,579 | -11.0% |
| Other operating income | 74 | €16,702 | €18,967 | +€2,265 | +13.6% |
| Non-recurring operating income | 76A | €397 | - | -€397 | |
| Operating charges | 60/66A | €1,565,432 | €1,202,101 | -€363,331 | -23.2% |
| Services and other goods | 61 | €776,167 | €574,423 | -€201,744 | -26.0% |
| Remuneration, social security and pensions | 62 | €650,683 | €578,976 | -€71,707 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,507 | €47,448 | +€2,941 | +6.6% |
| Other operating charges | 640/8 | €1,216 | €1,253 | +€37 | +3.1% |
| Non-recurring operating charges | 66A | €92,858 | - | -€92,858 | |
| Operating profit (loss) | 9901 | €309,497 | €471,117 | +€161,620 | +52.2% |
| Financial income | 75/76B | €23,360,066 | - | -€23.4m | |
| Recurring financial income | 75 | €18,010,066 | - | -€18.0m | |
| Income from financial fixed assets | 750 | €18,000,000 | - | -€18.0m | |
| Other financial income | 752/9 | €10,066 | - | -€10,066 | |
| Non-recurring financial income | 76B | €5,350,000 | - | -€5.4m | |
| Financial charges | 65/66B | €5,842,125 | €128,253 | -€5.7m | -97.8% |
| Recurring financial charges | 65 | €492,125 | €128,253 | -€363,872 | -73.9% |
| Debt charges | 650 | €492,120 | €128,196 | -€363,923 | -74.0% |
| Other financial charges | 652/9 | €6 | €57 | +€51 | +911% |
| Non-recurring financial charges | 66B | €5,350,000 | - | -€5.4m | |
| Profit (loss) for the period before taxes | 9903 | €17,827,438 | €342,864 | -€17.5m | -98.1% |
| Income taxes | 67/77 | €1,983 | €2,030 | +€47 | +2.4% |
| Taxes | 670/3 | €1,983 | €2,030 | +€47 | +2.4% |
| Profit (loss) for the period | 9904 | €17,825,455 | €340,834 | -€17.5m | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,825,455 | €340,834 | -€17.5m | -98.1% |
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 21 October 2026 via checked.be.