MABRIMA: 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.
MABRIMA
Largest movements
- Stocks and contracts -€52,107
down €52,107 (-6.0%), from €864,791 to €812,684
- Tangible fixed assets -€49,567
down €49,567 (-19.6%), from €252,825 to €203,258
of which Plant, machinery and equipment: -€34,132
- Cash +€22,991
up €22,991 (+5.8%), from €399,075 to €422,065
mainly Stocks and contracts (+€52,107) and Depreciation (+€49,567)
- Trade debts -€54,221
down €54,221 (-45.8%), from €118,410 to €64,189
- Accrued charges and deferred income -€20,857
down €20,857 (-29.0%), from €71,878 to €51,021
- Purchases and services -€1.8m
no longer reported in 2024 (was €1.8m)
- Turnover -€98,359
down €98,359 (-4.8%), from €2.1m to €2.0m
- Other operating charges +€25,147
up €25,147 (+48.1%), from €52,301 to €77,448
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,719,396 | €1,635,627 | -€83,769 | -4.9% |
| Fixed assets | 21/28 | €253,186 | €203,631 | -€49,554 | -19.6% |
| Tangible fixed assets | 22/27 | €252,825 | €203,258 | -€49,567 | -19.6% |
| Plant, machinery and equipment | 23 | €226,323 | €192,191 | -€34,132 | -15.1% |
| Furniture and vehicles | 24 | €26,502 | €11,067 | -€15,435 | -58.2% |
| Financial fixed assets | 28 | €360 | €373 | +€13 | +3.6% |
| Current assets | 29/58 | €1,466,211 | €1,431,996 | -€34,215 | -2.3% |
| Stocks and contracts in progress | 3 | €864,791 | €812,684 | -€52,107 | -6.0% |
| Stocks | 30/36 | €864,791 | €812,684 | -€52,107 | -6.0% |
| Amounts receivable within one year | 40/41 | €44,382 | €35,950 | -€8,432 | -19.0% |
| Trade receivables | 40 | €40,634 | €31,966 | -€8,667 | -21.3% |
| Other amounts receivable | 41 | €3,748 | €3,983 | +€235 | +6.3% |
| Current investments | 50/53 | €150,483 | €154,149 | +€3,666 | +2.4% |
| Cash at bank and in hand | 54/58 | €399,075 | €422,065 | +€22,991 | +5.8% |
| Deferred charges and accrued income | 490/1 | €7,480 | €7,149 | -€331 | -4.4% |
| Total equity and liabilities | 10/49 | €1,719,396 | €1,635,627 | -€83,769 | -4.9% |
| Equity | 10/15 | €1,234,607 | €1,218,641 | -€15,966 | -1.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,607 | €18,641 | -€15,966 | -46.1% |
| Amounts payable | 17/49 | €484,790 | €416,987 | -€67,803 | -14.0% |
| Amounts payable after more than one year | 17 | €262,711 | €277,407 | +€14,696 | +5.6% |
| Other amounts payable | 178/9 | €262,711 | €277,407 | +€14,696 | +5.6% |
| Amounts payable within one year | 42/48 | €150,200 | €88,558 | -€61,642 | -41.0% |
| Trade debts | 44 | €118,410 | €64,189 | -€54,221 | -45.8% |
| Suppliers | 440/4 | €118,410 | €64,189 | -€54,221 | -45.8% |
| Taxes, remuneration and social security | 45 | €30,645 | €24,299 | -€6,346 | -20.7% |
| Taxes | 450/3 | €14,981 | €7,832 | -€7,148 | -47.7% |
| Remuneration and social security | 454/9 | €15,664 | €16,467 | +€802 | +5.1% |
| Other amounts payable | 47/48 | €1,145 | €70 | -€1,075 | -93.9% |
| Accrued charges and deferred income | 492/3 | €71,878 | €51,021 | -€20,857 | -29.0% |
| Turnover | 70 | €2,061,534 | €1,963,175 | -€98,359 | -4.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,793,276 | - | -€1.8m | |
| Remuneration, social security and pensions | 62 | €140,298 | €132,939 | -€7,359 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,208 | €49,567 | -€641 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,013 | €1,060 | -€5,953 | -84.9% |
| Other operating charges | 640/8 | €52,301 | €77,448 | +€25,147 | +48.1% |
| Gross operating margin | 9900 | €272,026 | €257,383 | -€14,642 | -5.4% |
| Operating profit (loss) | 9901 | €22,205 | -€3,631 | -€25,836 | |
| Financial income | 75/76B | €6,598 | €9,250 | +€2,652 | +40.2% |
| Recurring financial income | 75 | €6,598 | €9,250 | +€2,652 | +40.2% |
| Financial charges | 65/66B | €15,301 | €21,584 | +€6,283 | +41.1% |
| Recurring financial charges | 65 | €15,301 | €21,584 | +€6,283 | +41.1% |
| Profit (loss) for the period before taxes | 9903 | €13,502 | -€15,966 | -€29,468 | |
| Income taxes | 67/77 | €3,261 | - | -€3,261 | |
| Profit (loss) for the period | 9904 | €10,241 | -€15,966 | -€26,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,241 | -€15,966 | -€26,207 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.