Mabocon: 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.
Mabocon
Largest movements
- Cash -€65,863
down €65,863 (-62.6%), from €105,129 to €39,267
mainly Tax, wage and social debts (-€51,670) and Current investments (-€50,117)
- Current investments +€50,117
up €50,117 (+17.5%), from €287,069 to €337,186
- Receivables within one year -€27,000
down €27,000 (-20.4%), from €132,531 to €105,531
of which Other amounts receivable: -€19,903
- Tax, wage and social debts -€51,670
down €51,670 (-49.2%), from €105,049 to €53,379
- Reserves +€43,535
up €43,535 (+8.2%), from €530,876 to €574,411
- Accrued charges and deferred income -€33,473
down €33,473 (-7.2%), from €466,165 to €432,692
- Write-downs -€107,904
down €107,904 (-100%), from €107,904 to €0
- Gross operating margin -€84,871
down €84,871 (-42.1%), from €201,769 to €116,898
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 | €1,079,965 | €1,037,145 | -€42,820 | -4.0% |
| Fixed assets | 21/28 | €15,103 | €13,837 | -€1,267 | -8.4% |
| Tangible fixed assets | 22/27 | €15,103 | €13,837 | -€1,267 | -8.4% |
| Plant, machinery and equipment | 23 | €14,896 | €12,552 | -€2,344 | -15.7% |
| Furniture and vehicles | 24 | €208 | €1,285 | +€1,078 | +519% |
| Current assets | 29/58 | €1,064,861 | €1,023,308 | -€41,554 | -3.9% |
| Amounts receivable within one year | 40/41 | €132,531 | €105,531 | -€27,000 | -20.4% |
| Trade receivables | 40 | €7,097 | €0 | -€7,097 | -100% |
| Other amounts receivable | 41 | €125,435 | €105,531 | -€19,903 | -15.9% |
| Current investments | 50/53 | €287,069 | €337,186 | +€50,117 | +17.5% |
| Cash at bank and in hand | 54/58 | €105,129 | €39,267 | -€65,863 | -62.6% |
| Deferred charges and accrued income | 490/1 | €540,132 | €541,324 | +€1,192 | +0.2% |
| Total equity and liabilities | 10/49 | €1,079,965 | €1,037,145 | -€42,820 | -4.0% |
| Equity | 10/15 | €496,613 | €540,147 | +€43,535 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €530,876 | €574,411 | +€43,535 | +8.2% |
| Distributable reserves | 133 | €530,876 | €574,411 | +€43,535 | +8.2% |
| Profit (loss) carried forward | 14 | -€40,464 | -€40,464 | = | 0.0% |
| Amounts payable | 17/49 | €583,352 | €496,997 | -€86,355 | -14.8% |
| Amounts payable within one year | 42/48 | €117,187 | €64,306 | -€52,882 | -45.1% |
| Trade debts | 44 | €9,408 | €10,927 | +€1,519 | +16.1% |
| Suppliers | 440/4 | €9,408 | €10,927 | +€1,519 | +16.1% |
| Taxes, remuneration and social security | 45 | €105,049 | €53,379 | -€51,670 | -49.2% |
| Taxes | 450/3 | €105,049 | €53,379 | -€51,670 | -49.2% |
| Other amounts payable | 47/48 | €2,730 | €0 | -€2,730 | -100% |
| Accrued charges and deferred income | 492/3 | €466,165 | €432,692 | -€33,473 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,552 | €2,843 | +€291 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €107,904 | €0 | -€107,904 | -100% |
| Other operating charges | 640/8 | €3,243 | €1,801 | -€1,442 | -44.5% |
| Gross operating margin | 9900 | €201,769 | €116,898 | -€84,871 | -42.1% |
| Operating profit (loss) | 9901 | €88,071 | €112,254 | +€24,183 | +27.5% |
| Financial income | 75/76B | €7,351 | €7,890 | +€540 | +7.3% |
| Recurring financial income | 75 | €7,351 | €7,890 | +€540 | +7.3% |
| Financial charges | 65/66B | €1,509 | €680 | -€829 | -54.9% |
| Recurring financial charges | 65 | €1,509 | €680 | -€829 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €93,912 | €119,465 | +€25,552 | +27.2% |
| Income taxes | 67/77 | €31,287 | €33,180 | +€1,892 | +6.0% |
| Profit (loss) for the period | 9904 | €62,625 | €86,285 | +€23,660 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,625 | €86,285 | +€23,660 | +37.8% |
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 25 October 2026 via checked.be.