MABRICK: 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.
MABRICK
Largest movements
- Stocks and contracts +€68,548
up €68,548 (+88.9%), from €77,078 to €145,625
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash -€17,098
down €17,098 (-8.6%), from €198,881 to €181,783
mainly Debts after one year (-€97,535) and Investment in fixed assets (net) (-€82,176)
- Tangible fixed assets +€11,829
up €11,829 (+3.1%), from €387,815 to €399,643
of which Land and buildings: +€18,191
- Deferred charges and accrued income +€10,149
up €10,149 (+414.5%), from €2,448 to €12,597
- Reserves +€151,963
up €151,963 (+38.2%), from €397,290 to €549,253
of which Distributable reserves: +€194,063
- Debts after one year -€97,535
down €97,535 (-64.5%), from €151,183 to €53,649
of which Financial debts: -€97,535
- Other debts -€15,553
down €15,553 (-9.4%), from €164,673 to €149,121
- Accrued charges and deferred income -€11,405
down €11,405 (-92.0%), from €12,396 to €991
- Tax, wage and social debts +€10,642
up €10,642 (+20.8%), from €51,262 to €61,904
of which Taxes: +€10,548
- Gross operating margin +€156,780
up €156,780 (+51.8%), from €302,722 to €459,503
- Staff costs +€39,814
up €39,814 (+41.5%), from €95,934 to €135,747
- Taxes +€30,489
up €30,489 (+101.3%), from €30,085 to €60,575
- Write-downs +€16,114
new in 2025: €16,114
- Depreciation +€13,292
up €13,292 (+21.8%), from €60,847 to €74,139
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 | €903,798 | €925,397 | +€21,599 | +2.4% |
| Fixed assets | 21/28 | €397,411 | €405,447 | +€8,037 | +2.0% |
| Intangible fixed assets | 21 | €7,348 | €3,556 | -€3,792 | -51.6% |
| Tangible fixed assets | 22/27 | €387,815 | €399,643 | +€11,829 | +3.1% |
| Land and buildings | 22 | €235,940 | €254,131 | +€18,191 | +7.7% |
| Plant, machinery and equipment | 23 | €54,935 | €46,128 | -€8,807 | -16.0% |
| Furniture and vehicles | 24 | €96,940 | €99,384 | +€2,444 | +2.5% |
| Financial fixed assets | 28 | €2,248 | €2,248 | = | 0.0% |
| Current assets | 29/58 | €506,388 | €519,950 | +€13,562 | +2.7% |
| Stocks and contracts in progress | 3 | €77,078 | €145,625 | +€68,548 | +88.9% |
| Stocks | 30/36 | €77,078 | €145,625 | +€68,548 | +88.9% |
| Amounts receivable within one year | 40/41 | €177,981 | €179,945 | +€1,964 | +1.1% |
| Trade receivables | 40 | €153,382 | €164,555 | +€11,173 | +7.3% |
| Other amounts receivable | 41 | €24,599 | €15,390 | -€9,209 | -37.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €198,881 | €181,783 | -€17,098 | -8.6% |
| Deferred charges and accrued income | 490/1 | €2,448 | €12,597 | +€10,149 | +414.5% |
| Total equity and liabilities | 10/49 | €903,798 | €925,397 | +€21,599 | +2.4% |
| Equity | 10/15 | €415,890 | €567,853 | +€151,963 | +36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €397,290 | €549,253 | +€151,963 | +38.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €42,100 | -€42,100 | -50.0% |
| Distributable reserves | 133 | €311,230 | €505,293 | +€194,063 | +62.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €487,909 | €357,544 | -€130,364 | -26.7% |
| Amounts payable after more than one year | 17 | €151,183 | €53,649 | -€97,535 | -64.5% |
| Financial debts | 170/4 | €131,183 | €33,649 | -€97,535 | -74.3% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €324,329 | €302,904 | -€21,425 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €26,417 | €19,959 | -€6,458 | -24.4% |
| Trade debts | 44 | €81,977 | €71,921 | -€10,056 | -12.3% |
| Suppliers | 440/4 | €81,977 | €71,921 | -€10,056 | -12.3% |
| Taxes, remuneration and social security | 45 | €51,262 | €61,904 | +€10,642 | +20.8% |
| Taxes | 450/3 | €39,788 | €50,335 | +€10,548 | +26.5% |
| Remuneration and social security | 454/9 | €11,475 | €11,569 | +€94 | +0.8% |
| Other amounts payable | 47/48 | €164,673 | €149,121 | -€15,553 | -9.4% |
| Accrued charges and deferred income | 492/3 | €12,396 | €991 | -€11,405 | -92.0% |
| Non-recurring operating income | 76A | - | €112,726 | +€112,726 | |
| Remuneration, social security and pensions | 62 | €95,934 | €135,747 | +€39,814 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,847 | €74,139 | +€13,292 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,114 | +€16,114 | |
| Other operating charges | 640/8 | €4,268 | €11,979 | +€7,711 | +180.7% |
| Gross operating margin | 9900 | €302,722 | €459,503 | +€156,780 | +51.8% |
| Operating profit (loss) | 9901 | €141,674 | €221,524 | +€79,849 | +56.4% |
| Financial income | 75/76B | €1,096 | €1,587 | +€492 | +44.9% |
| Recurring financial income | 75 | €1,096 | €1,587 | +€492 | +44.9% |
| Financial charges | 65/66B | €15,308 | €10,573 | -€4,735 | -30.9% |
| Recurring financial charges | 65 | €10,181 | €10,573 | +€392 | +3.9% |
| Non-recurring financial charges | 66B | €5,127 | €0 | -€5,127 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €127,462 | €212,538 | +€85,076 | +66.7% |
| Income taxes | 67/77 | €30,085 | €60,575 | +€30,489 | +101.3% |
| Profit (loss) for the period | 9904 | €97,376 | €151,963 | +€54,587 | +56.1% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €97,376 | €194,063 | +€96,687 | +99.3% |
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 11 October 2026 via checked.be.