MABO INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€48,036
down €48,036 (-6.1%), from €793,245 to €745,210
- Cash -€22,770
down €22,770 (-69.2%), from €32,927 to €10,157
mainly Debts after one year (-€40,286) and Receivables within one year (-€15,641)
- Receivables within one year +€15,641
up €15,641 (+280%), from €5,587 to €21,228
- Debts after one year -€40,286
down €40,286 (-9.3%), from €433,190 to €392,904
- Other debts -€11,718
down €11,718 (-9.1%), from €128,292 to €116,574
- Gross operating margin -€78,096
down €78,096 (-54.0%), from €144,512 to €66,416
- Taxes -€25,550
down €25,550 (-94.1%), from €27,161 to €1,611
- Depreciation +€17,193
up €17,193 (+53.5%), from €32,110 to €49,303
- Financial charges -€1,624
down €1,624 (-12.1%), from €13,447 to €11,823
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 | €852,138 | €803,154 | -€48,984 | -5.7% |
| Fixed assets | 21/28 | €793,335 | €745,300 | -€48,036 | -6.1% |
| Tangible fixed assets | 22/27 | €793,245 | €745,210 | -€48,036 | -6.1% |
| Land and buildings | 22 | €705,527 | €681,693 | -€23,834 | -3.4% |
| Plant, machinery and equipment | 23 | €23,145 | €19,920 | -€3,225 | -13.9% |
| Furniture and vehicles | 24 | €64,574 | €43,597 | -€20,977 | -32.5% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €58,802 | €57,854 | -€948 | -1.6% |
| Amounts receivable within one year | 40/41 | €5,587 | €21,228 | +€15,641 | +280% |
| Other amounts receivable | 41 | €5,587 | €21,228 | +€15,641 | +280% |
| Cash at bank and in hand | 54/58 | €32,927 | €10,157 | -€22,770 | -69.2% |
| Deferred charges and accrued income | 490/1 | €20,288 | €26,469 | +€6,181 | +30.5% |
| Total equity and liabilities | 10/49 | €852,138 | €803,154 | -€48,984 | -5.7% |
| Equity | 10/15 | €234,878 | €233,845 | -€1,033 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €216,278 | €215,245 | -€1,033 | -0.5% |
| Distributable reserves | 133 | €216,278 | €215,245 | -€1,033 | -0.5% |
| Amounts payable | 17/49 | €617,260 | €569,309 | -€47,951 | -7.8% |
| Amounts payable after more than one year | 17 | €433,190 | €392,904 | -€40,286 | -9.3% |
| Financial debts | 170/4 | €433,190 | €392,904 | -€40,286 | -9.3% |
| Amounts payable within one year | 42/48 | €183,508 | €175,843 | -€7,665 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €50,798 | €51,669 | +€871 | +1.7% |
| Trade debts | 44 | €718 | €3,901 | +€3,182 | +443% |
| Suppliers | 440/4 | €718 | €3,901 | +€3,182 | +443% |
| Taxes, remuneration and social security | 45 | €3,700 | €3,700 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,700 | €3,700 | = | 0.0% |
| Other amounts payable | 47/48 | €128,292 | €116,574 | -€11,718 | -9.1% |
| Accrued charges and deferred income | 492/3 | €561 | €561 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,110 | €49,303 | +€17,193 | +53.5% |
| Other operating charges | 640/8 | €4,906 | €4,795 | -€111 | -2.3% |
| Non-recurring operating charges | 66A | €2,197 | - | -€2,197 | |
| Gross operating margin | 9900 | €144,512 | €66,416 | -€78,096 | -54.0% |
| Operating profit (loss) | 9901 | €105,299 | €12,318 | -€92,981 | -88.3% |
| Financial income | 75/76B | €84 | €83 | -€1 | -1.1% |
| Recurring financial income | 75 | €84 | €83 | -€1 | -1.1% |
| Financial charges | 65/66B | €13,447 | €11,823 | -€1,624 | -12.1% |
| Recurring financial charges | 65 | €13,447 | €11,823 | -€1,624 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €91,936 | €577 | -€91,358 | -99.4% |
| Income taxes | 67/77 | €27,161 | €1,611 | -€25,550 | -94.1% |
| Profit (loss) for the period | 9904 | €64,775 | -€1,033 | -€65,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,775 | -€1,033 | -€65,808 |
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 29 October 2026 via checked.be.