MABO LIFTING: 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.
What changed
MABO LIFTING
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.7m
2024 · €3.2m-€574,285
Equity
€3.2m
2024 · €638,817+€2.5m
Cash
€1.9m
2024 · €2.5m-€540,678
Balance sheet total
€23.1m
2024 · €23.7m-€585,482
Largest movements
Assets
- Stocks and contracts -€556,987
down €556,987 (-13.9%), from €4.0m to €3.5m
- Cash -€540,678
down €540,678 (-22.0%), from €2.5m to €1.9m
mainly Debts after one year (-€3.5m) and Other debts (-€1.1m)
- Receivables within one year +€459,772
up €459,772 (+20.7%), from €2.2m to €2.7m
of which Trade receivables: +€646,666
- Tangible fixed assets +€383,741
up €383,741 (+33.7%), from €1.1m to €1.5m
of which Other tangible fixed assets: +€460,355
- Deferred charges and accrued income -€327,268
down €327,268 (-71.2%), from €459,830 to €132,562
Equity and liabilities
- Debts after one year -€3.5m
down €3.5m (-22.2%), from €15.8m to €12.3m
- Profit (loss) carried forward +€2.5m
up €2.5m (+887.8%), from €283,780 to €2.8m
- Other debts -€1.1m
down €1.1m (-88.0%), from €1.2m to €144,900
- Trade debts +€576,308
up €576,308 (+38.7%), from €1.5m to €2.1m
- Advances received +€549,912
up €549,912 (+36.8%), from €1.5m to €2.0m
Income statement
- Goods and materials -€2.1m
down €2.1m (-12.9%), from €16.2m to €14.1m
of which Purchases: -€3.1m
- Turnover -€1.7m
down €1.7m (-7.1%), from €24.3m to €22.6m
- Financial income -€835,195
down €835,195 (-57.5%), from €1.5m to €618,126
- Taxes +€286,845
up €286,845 (+65.4%), from €438,719 to €725,564
- Staff costs +€258,772
up €258,772 (+7.8%), from €3.3m to €3.6m
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
€3.2m
Turnover
-€1.7m
Other operating income
-€144,301
Goods and materials
+€2.1m
Services and other goods
+€201,822
Staff costs
-€258,772
Depreciation
-€110,016
Write-downs
-€11,022
Provisions
+€46,017
Other operating charges
+€4,696
Other operating items
+€555,886
Financial income
-€835,195
Financial charges
-€104,297
Taxes
-€286,845
Result 2025
€2.7m
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.
From operations
+€4.0m
Investment
-€894,615
Financing
-€3.6m
Cash 2024
€2.5m
From operations (derived)
+€4.0m
Net result for the year
+€2.7m
Depreciation
+€514,936
Stocks and contracts
+€556,987
Receivables within one year
-€459,772
Deferred charges and accrued income
+€327,268
Provisions
-€21,542
Trade debts
+€576,308
Tax, wage and social debts
+€5,767
Advances received
+€549,912
Other debts
-€1.1m
Accrued charges and deferred income
+€349,427
Investment (derived)
-€894,615
Investment in fixed assets (net)
-€894,615
Financing
-€3.6m
Debts after one year
-€3.5m
Contributions, distributions and other
-€144,900
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,727,294 | €23,141,812 | -€585,482 | -2.5% |
| Fixed assets | 21/28 | €14,572,055 | €14,951,734 | +€379,679 | +2.6% |
| Tangible fixed assets | 22/27 | €1,140,293 | €1,524,035 | +€383,741 | +33.7% |
| Plant, machinery and equipment | 23 | €21,349 | €14,550 | -€6,799 | -31.8% |
| Furniture and vehicles | 24 | €152,412 | €82,597 | -€69,815 | -45.8% |
| Other tangible fixed assets | 26 | €966,532 | €1,426,887 | +€460,355 | +47.6% |
| Financial fixed assets | 28 | €13,431,761 | €13,427,699 | -€4,062 | 0.0% |
| Affiliated companies | 280/1 | €13,422,501 | €13,422,501 | = | 0.0% |
| Participating interests | 280 | €5,170,584 | €5,170,584 | = | 0.0% |
| Amounts receivable | 281 | €8,251,917 | €8,251,917 | = | 0.0% |
| Other financial fixed assets | 284/8 | €9,260 | €5,198 | -€4,062 | -43.9% |
| Amounts receivable and cash guarantees | 285/8 | €9,260 | €5,198 | -€4,062 | -43.9% |
| Current assets | 29/58 | €9,155,239 | €8,190,078 | -€965,161 | -10.5% |
| Stocks and contracts in progress | 3 | €4,008,749 | €3,451,762 | -€556,987 | -13.9% |
| Stocks | 30/36 | €4,008,749 | €3,451,762 | -€556,987 | -13.9% |
| Goods purchased for resale | 34 | €3,848,267 | €3,392,827 | -€455,440 | -11.8% |
| Advance payments | 36 | €160,482 | €58,935 | -€101,548 | -63.3% |
| Amounts receivable within one year | 40/41 | €2,225,610 | €2,685,382 | +€459,772 | +20.7% |
| Trade receivables | 40 | €1,446,486 | €2,093,152 | +€646,666 | +44.7% |
| Other amounts receivable | 41 | €779,124 | €592,230 | -€186,894 | -24.0% |
| Cash at bank and in hand | 54/58 | €2,461,050 | €1,920,373 | -€540,678 | -22.0% |
| Deferred charges and accrued income | 490/1 | €459,830 | €132,562 | -€327,268 | -71.2% |
| Total equity and liabilities | 10/49 | €23,727,294 | €23,141,812 | -€585,482 | -2.5% |
| Equity | 10/15 | €638,817 | €3,158,146 | +€2.5m | +394.4% |
| Contributions | 10/11 | €322,262 | €322,262 | = | 0.0% |
| Capital | 10 | €322,262 | €322,262 | = | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | = | 0.0% |
| Reserves | 13 | €32,776 | €32,776 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,226 | €32,226 | = | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | = | 0.0% |
| Tax-exempt reserves | 132 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,780 | €2,803,109 | +€2.5m | +887.8% |
| Provisions and deferred taxes | 16 | €160,732 | €139,190 | -€21,542 | -13.4% |
| Provisions for liabilities and charges | 160/5 | €160,732 | €139,190 | -€21,542 | -13.4% |
| Other liabilities and charges | 164/5 | €160,732 | €139,190 | -€21,542 | -13.4% |
| Amounts payable | 17/49 | €22,927,745 | €19,844,476 | -€3.1m | -13.4% |
| Amounts payable after more than one year | 17 | €15,750,000 | €12,250,000 | -€3.5m | -22.2% |
| Financial debts | 170/4 | €15,750,000 | €12,250,000 | -€3.5m | -22.2% |
| Credit institutions | 173 | €15,750,000 | €12,250,000 | -€3.5m | -22.2% |
| Amounts payable within one year | 42/48 | €6,497,030 | €6,564,334 | +€67,304 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €1,488,833 | €2,065,141 | +€576,308 | +38.7% |
| Suppliers | 440/4 | €1,488,833 | €2,065,141 | +€576,308 | +38.7% |
| Advances received on contracts in progress | 46 | €1,494,213 | €2,044,126 | +€549,912 | +36.8% |
| Taxes, remuneration and social security | 45 | €804,401 | €810,168 | +€5,767 | +0.7% |
| Taxes | 450/3 | €307,870 | €408,620 | +€100,751 | +32.7% |
| Remuneration and social security | 454/9 | €496,531 | €401,547 | -€94,984 | -19.1% |
| Other amounts payable | 47/48 | €1,209,583 | €144,900 | -€1.1m | -88.0% |
| Accrued charges and deferred income | 492/3 | €680,715 | €1,030,142 | +€349,427 | +51.3% |
| Operating income | 70/76A | €25,727,228 | €24,017,338 | -€1.7m | -6.6% |
| Turnover | 70 | €24,322,825 | €22,600,593 | -€1.7m | -7.1% |
| Own construction capitalised | 72 | €912,557 | €1,070,951 | +€158,393 | +17.4% |
| Other operating income | 74 | €486,096 | €341,794 | -€144,301 | -29.7% |
| Non-recurring operating income | 76A | €5,750 | €4,000 | -€1,750 | -30.4% |
| Operating charges | 60/66A | €22,934,636 | €20,572,693 | -€2.4m | -10.3% |
| Goods for resale, raw materials and consumables | 60 | €16,161,889 | €14,071,916 | -€2.1m | -12.9% |
| Purchases | 600/8 | €16,806,533 | €13,699,283 | -€3.1m | -18.5% |
| Change in stocks: decrease (increase) | 609 | -€644,644 | €372,633 | +€1.0m | |
| Services and other goods | 61 | €2,504,038 | €2,302,216 | -€201,822 | -8.1% |
| Remuneration, social security and pensions | 62 | €3,323,455 | €3,582,227 | +€258,772 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,920 | €514,936 | +€110,016 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €94,392 | €105,414 | +€11,022 | +11.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €24,475 | -€21,542 | -€46,017 | |
| Other operating charges | 640/8 | €22,224 | €17,527 | -€4,696 | -21.1% |
| Non-recurring operating charges | 66A | €399,242 | - | -€399,242 | |
| Operating profit (loss) | 9901 | €2,792,592 | €3,444,644 | +€652,052 | +23.3% |
| Financial income | 75/76B | €1,453,322 | €618,126 | -€835,195 | -57.5% |
| Recurring financial income | 75 | €1,453,322 | €618,126 | -€835,195 | -57.5% |
| Income from financial fixed assets | 750 | €824,500 | €524,433 | -€300,067 | -36.4% |
| Income from current assets | 751 | €626,017 | €90,408 | -€535,609 | -85.6% |
| Other financial income | 752/9 | €2,805 | €3,286 | +€481 | +17.1% |
| Financial charges | 65/66B | €568,681 | €672,978 | +€104,297 | +18.3% |
| Recurring financial charges | 65 | €543,681 | €672,978 | +€129,297 | +23.8% |
| Debt charges | 650 | €542,289 | €672,301 | +€130,012 | +24.0% |
| Other financial charges | 652/9 | €1,392 | €677 | -€715 | -51.4% |
| Non-recurring financial charges | 66B | €25,000 | - | -€25,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,677,233 | €3,389,793 | -€287,440 | -7.8% |
| Income taxes | 67/77 | €438,719 | €725,564 | +€286,845 | +65.4% |
| Taxes | 670/3 | €438,719 | €725,564 | +€286,845 | +65.4% |
| Profit (loss) for the period | 9904 | €3,238,514 | €2,664,229 | -€574,285 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,238,514 | €2,664,229 | -€574,285 | -17.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.