MABOLEX: 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.
MABOLEX
Largest movements
- Receivables within one year -€33,941
down €33,941 (-51.0%), from €66,502 to €32,561
of which Other amounts receivable: -€23,754
- Cash +€20,447
up €20,447 (+102.7%), from €19,917 to €40,364
mainly Receivables within one year (+€33,941) and Net result for the year (+€12,188)
- Tangible fixed assets -€10,504
down €10,504 (-29.2%), from €35,968 to €25,464
of which Furniture and vehicles: -€10,200
- Reserves -€11,902
down €11,902 (-16.2%), from €73,488 to €61,586
- Debts after one year -€10,283
down €10,283 (-41.6%), from €24,732 to €14,449
- Trade debts -€3,792
down €3,792 (-81.1%), from €4,675 to €883
- Tax, wage and social debts +€1,682
up €1,682 (+23.6%), from €7,114 to €8,796
of which Taxes: +€1,745
- Gross operating margin -€13,310
down €13,310 (-32.0%), from €41,580 to €28,270
- Taxes -€2,837
down €2,837 (-31.9%), from €8,888 to €6,051
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,841 | €98,997 | -€23,844 | -19.4% |
| Fixed assets | 21/28 | €35,968 | €25,464 | -€10,504 | -29.2% |
| Tangible fixed assets | 22/27 | €35,968 | €25,464 | -€10,504 | -29.2% |
| Plant, machinery and equipment | 23 | €2,575 | €2,271 | -€304 | -11.8% |
| Furniture and vehicles | 24 | €33,393 | €23,194 | -€10,200 | -30.5% |
| Current assets | 29/58 | €86,873 | €73,533 | -€13,340 | -15.4% |
| Amounts receivable within one year | 40/41 | €66,502 | €32,561 | -€33,941 | -51.0% |
| Trade receivables | 40 | €10,187 | €0 | -€10,187 | -100.0% |
| Other amounts receivable | 41 | €56,315 | €32,561 | -€23,754 | -42.2% |
| Cash at bank and in hand | 54/58 | €19,917 | €40,364 | +€20,447 | +102.7% |
| Deferred charges and accrued income | 490/1 | €454 | €608 | +€154 | +33.9% |
| Total equity and liabilities | 10/49 | €122,841 | €98,997 | -€23,844 | -19.4% |
| Equity | 10/15 | €76,488 | €64,586 | -€11,902 | -15.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,488 | €61,586 | -€11,902 | -16.2% |
| Distributable reserves | 133 | €73,488 | €61,586 | -€11,902 | -16.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,353 | €34,411 | -€11,942 | -25.8% |
| Amounts payable after more than one year | 17 | €24,732 | €14,449 | -€10,283 | -41.6% |
| Financial debts | 170/4 | €24,732 | €14,449 | -€10,283 | -41.6% |
| Amounts payable within one year | 42/48 | €21,621 | €19,962 | -€1,659 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €9,832 | €10,283 | +€451 | +4.6% |
| Trade debts | 44 | €4,675 | €883 | -€3,792 | -81.1% |
| Suppliers | 440/4 | €4,675 | €883 | -€3,792 | -81.1% |
| Taxes, remuneration and social security | 45 | €7,114 | €8,796 | +€1,682 | +23.6% |
| Taxes | 450/3 | €7,051 | €8,796 | +€1,745 | +24.7% |
| Remuneration and social security | 454/9 | €63 | €0 | -€63 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,859 | €10,504 | -€355 | -3.3% |
| Other operating charges | 640/8 | €1,101 | €994 | -€107 | -9.8% |
| Gross operating margin | 9900 | €41,580 | €28,270 | -€13,310 | -32.0% |
| Operating profit (loss) | 9901 | €29,620 | €16,772 | -€12,848 | -43.4% |
| Financial income | 75/76B | €2,676 | €2,964 | +€288 | +10.8% |
| Recurring financial income | 75 | €2,676 | €2,964 | +€288 | +10.8% |
| Financial charges | 65/66B | €1,874 | €1,497 | -€377 | -20.1% |
| Recurring financial charges | 65 | €1,874 | €1,497 | -€377 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €30,422 | €18,239 | -€12,183 | -40.0% |
| Income taxes | 67/77 | €8,888 | €6,051 | -€2,837 | -31.9% |
| Profit (loss) for the period | 9904 | €21,534 | €12,188 | -€9,345 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,534 | €12,188 | -€9,345 | -43.4% |
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 12 October 2026 via checked.be.