MaBo Management: 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 Management
Largest movements
- Cash +€84,807
up €84,807 (+467%), from €18,160 to €102,967
mainly Net result for the year (+€247,401) and Depreciation (+€43,527)
- Tangible fixed assets -€26,475
down €26,475 (-1.8%), from €1.5m to €1.5m
of which Land and buildings: -€22,805
- Receivables within one year -€20,444
down €20,444 (-34.9%), from €58,522 to €38,078
of which Trade receivables: -€20,444
- Reserves +€246,568
up €246,568 (+50.3%), from €490,659 to €737,227
- Trade debts -€128,646
down €128,646 (-99.8%), from €128,903 to €257
- Debts after one year -€77,995
down €77,995 (-9.2%), from €846,874 to €768,879
- Tax, wage and social debts -€47,355
down €47,355 (-66.8%), from €70,941 to €23,585
of which Taxes: -€47,355
- Current portion of long-term debt +€33,074
up €33,074 (+71.5%), from €46,275 to €79,349
- Gross operating margin +€109,248
up €109,248 (+35.4%), from €308,438 to €417,686
- Depreciation -€63,577
down €63,577 (-59.4%), from €107,104 to €43,527
- Taxes +€55,606
up €55,606 (+104%), from €53,297 to €108,903
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 | €1,592,619 | €1,621,552 | +€28,932 | +1.8% |
| Fixed assets | 21/28 | €1,505,735 | €1,479,260 | -€26,475 | -1.8% |
| Tangible fixed assets | 22/27 | €1,505,735 | €1,479,260 | -€26,475 | -1.8% |
| Land and buildings | 22 | €1,484,884 | €1,462,079 | -€22,805 | -1.5% |
| Plant, machinery and equipment | 23 | €20,418 | €17,182 | -€3,236 | -15.8% |
| Furniture and vehicles | 24 | €433 | €0 | -€433 | -100% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €86,884 | €142,291 | +€55,407 | +63.8% |
| Amounts receivable within one year | 40/41 | €58,522 | €38,078 | -€20,444 | -34.9% |
| Trade receivables | 40 | €58,522 | €38,078 | -€20,444 | -34.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €18,160 | €102,967 | +€84,807 | +467% |
| Deferred charges and accrued income | 490/1 | €10,202 | €1,246 | -€8,956 | -87.8% |
| Total equity and liabilities | 10/49 | €1,592,619 | €1,621,552 | +€28,932 | +1.8% |
| Equity | 10/15 | €493,659 | €740,227 | +€246,568 | +49.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €490,659 | €737,227 | +€246,568 | +50.3% |
| Distributable reserves | 133 | €490,659 | €737,227 | +€246,568 | +50.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,098,960 | €881,325 | -€217,635 | -19.8% |
| Amounts payable after more than one year | 17 | €846,874 | €768,879 | -€77,995 | -9.2% |
| Financial debts | 170/4 | €846,874 | €768,879 | -€77,995 | -9.2% |
| Amounts payable within one year | 42/48 | €250,383 | €110,364 | -€140,019 | -55.9% |
| Current portion of amounts payable after more than one year | 42 | €46,275 | €79,349 | +€33,074 | +71.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €128,903 | €257 | -€128,646 | -99.8% |
| Suppliers | 440/4 | €128,903 | €257 | -€128,646 | -99.8% |
| Taxes, remuneration and social security | 45 | €70,941 | €23,585 | -€47,355 | -66.8% |
| Taxes | 450/3 | €69,541 | €22,185 | -€47,355 | -68.1% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €4,264 | €7,173 | +€2,908 | +68.2% |
| Accrued charges and deferred income | 492/3 | €1,702 | €2,082 | +€379 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,104 | €43,527 | -€63,577 | -59.4% |
| Other operating charges | 640/8 | €1,097 | €1,694 | +€597 | +54.4% |
| Gross operating margin | 9900 | €308,438 | €417,686 | +€109,248 | +35.4% |
| Operating profit (loss) | 9901 | €200,237 | €372,465 | +€172,228 | +86.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €12,441 | €16,162 | +€3,721 | +29.9% |
| Recurring financial charges | 65 | €12,441 | €16,162 | +€3,721 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €187,796 | €356,303 | +€168,507 | +89.7% |
| Income taxes | 67/77 | €53,297 | €108,903 | +€55,606 | +104% |
| Profit (loss) for the period | 9904 | €134,499 | €247,401 | +€112,901 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,499 | €247,401 | +€112,901 | +83.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.