MABRU: what changed
What changed
MABRU
NACE 82.300, Organisation of conventions and trade shows
filed annual accounts (NBB)
Net result for the year
€65,677
2024 · -€52,542+€118,218
Equity
€4.2m
2024 · €4.2m+€37,967
Cash
€1.4m
2024 · €1.5m-€90,607
Balance sheet total
€7.7m
2024 · €8.1m-€331,374
Largest movements
Assets
- Tangible fixed assets -€440,487
down €440,487 (-7.7%), from €5.8m to €5.3m
of which Land and buildings: -€508,872
- Receivables within one year +€318,311
up €318,311 (+50.5%), from €629,951 to €948,262
of which Trade receivables: +€298,835
- Deferred charges and accrued income -€111,945
down €111,945 (-54.0%), from €207,467 to €95,522
- Cash -€90,607
down €90,607 (-6.2%), from €1.5m to €1.4m
mainly Debts after one year (-€324,249) and Receivables within one year (-€318,311)
Equity and liabilities
- Profit (loss) carried forward +€356,573
up €356,573 (+11.5%), from €3.1m to €3.5m
- Debts after one year -€324,249
down €324,249 (-12.2%), from €2.7m to €2.3m
of which Financial debts: -€388,859
- Reserves -€290,897
down €290,897 (-48.5%), from €600,000 to €309,103
Income statement
- Purchases and services +€473,640
up €473,640 (+20.7%), from €2.3m to €2.8m
- Turnover +€311,172
up €311,172 (+7.0%), from €4.4m to €4.7m
- Financial charges -€182,365
down €182,365 (-54.8%), from €332,583 to €150,218
of which Non-recurring financial charges: -€175,195
- Staff costs +€133,320
up €133,320 (+9.1%), from €1.5m to €1.6m
- Gross operating margin +€113,314
up €113,314 (+4.3%), from €2.6m to €2.7m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€52,542
Gross operating margin
+€113,314
Staff costs
-€133,320
Depreciation
-€15,362
Write-downs
+€15,616
Other operating charges
-€42,739
Other operating items
+€1,905
Financial income
-€3,561
Financial charges
+€182,365
Result 2025
€65,677
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€592,789
Investment
-€303,270
Financing
-€380,125
Cash 2024
€1.5m
From operations (derived)
+€592,789
Net result for the year
+€65,677
Depreciation
+€750,404
Receivables within one year
-€318,311
Deferred charges and accrued income
+€111,945
Trade debts
-€79,721
Tax, wage and social debts
+€79,067
Accrued charges and deferred income
-€16,273
Investment (derived)
-€303,270
Investment in fixed assets (net)
-€303,270
Financing
-€380,125
Debts after one year
-€324,249
Current portion of long-term debt
-€28,166
Contributions, distributions and other
-€27,709
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,051,480 | €7,720,106 | -€331,374 | -4.1% |
| Fixed assets | 21/28 | €5,757,661 | €5,310,527 | -€447,134 | -7.8% |
| Intangible fixed assets | 21 | €6,877 | €231 | -€6,647 | -96.6% |
| Tangible fixed assets | 22/27 | €5,750,614 | €5,310,127 | -€440,487 | -7.7% |
| Land and buildings | 22 | €5,524,539 | €5,015,667 | -€508,872 | -9.2% |
| Plant, machinery and equipment | 23 | €115,368 | €86,646 | -€28,722 | -24.9% |
| Furniture and vehicles | 24 | €78,307 | €88,907 | +€10,600 | +13.5% |
| Assets under construction and advance payments | 27 | €32,400 | €118,906 | +€86,506 | +267% |
| Financial fixed assets | 28 | €169 | €169 | = | 0.0% |
| Current assets | 29/58 | €2,293,819 | €2,409,579 | +€115,760 | +5.0% |
| Amounts receivable within one year | 40/41 | €629,951 | €948,262 | +€318,311 | +50.5% |
| Trade receivables | 40 | €576,975 | €875,810 | +€298,835 | +51.8% |
| Other amounts receivable | 41 | €52,976 | €72,452 | +€19,476 | +36.8% |
| Cash at bank and in hand | 54/58 | €1,456,402 | €1,365,795 | -€90,607 | -6.2% |
| Deferred charges and accrued income | 490/1 | €207,467 | €95,522 | -€111,945 | -54.0% |
| Total equity and liabilities | 10/49 | €8,051,480 | €7,720,106 | -€331,374 | -4.1% |
| Equity | 10/15 | €4,163,951 | €4,201,919 | +€37,967 | +0.9% |
| Reserves | 13 | €600,000 | €309,103 | -€290,897 | -48.5% |
| Profit (loss) carried forward | 14 | €3,113,824 | €3,470,398 | +€356,573 | +11.5% |
| Investment grants | 15 | €450,127 | €422,417 | -€27,709 | -6.2% |
| Amounts payable | 17/49 | €3,887,529 | €3,518,187 | -€369,342 | -9.5% |
| Amounts payable after more than one year | 17 | €2,651,247 | €2,326,997 | -€324,249 | -12.2% |
| Financial debts | 170/4 | €2,425,643 | €2,036,784 | -€388,859 | -16.0% |
| Other amounts payable | 178/9 | €225,603 | €290,213 | +€64,610 | +28.6% |
| Amounts payable within one year | 42/48 | €1,099,764 | €1,070,944 | -€28,820 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €516,784 | €488,617 | -€28,166 | -5.5% |
| Trade debts | 44 | €316,022 | €236,302 | -€79,721 | -25.2% |
| Suppliers | 440/4 | €316,022 | €236,302 | -€79,721 | -25.2% |
| Taxes, remuneration and social security | 45 | €266,958 | €346,025 | +€79,067 | +29.6% |
| Taxes | 450/3 | €107,793 | €129,310 | +€21,517 | +20.0% |
| Remuneration and social security | 454/9 | €159,164 | €216,715 | +€57,551 | +36.2% |
| Accrued charges and deferred income | 492/3 | €136,518 | €120,245 | -€16,273 | -11.9% |
| Turnover | 70 | €4,419,922 | €4,731,093 | +€311,172 | +7.0% |
| Membership fees, donations, legacies and grants | 73 | €37,709 | €50,709 | +€13,000 | +34.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,289,221 | €2,762,860 | +€473,640 | +20.7% |
| Remuneration, social security and pensions | 62 | €1,464,047 | €1,597,367 | +€133,320 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €735,042 | €750,404 | +€15,362 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,283 | -€22,900 | -€15,616 | -214% |
| Other operating charges | 640/8 | €156,096 | €198,834 | +€42,739 | +27.4% |
| Non-recurring operating charges | 66A | €1,905 | - | -€1,905 | |
| Gross operating margin | 9900 | €2,616,430 | €2,729,744 | +€113,314 | +4.3% |
| Operating profit (loss) | 9901 | €266,624 | €206,038 | -€60,586 | -22.7% |
| Financial income | 75/76B | €13,418 | €9,857 | -€3,561 | -26.5% |
| Recurring financial income | 75 | €13,418 | €9,857 | -€3,561 | -26.5% |
| Financial charges | 65/66B | €332,583 | €150,218 | -€182,365 | -54.8% |
| Recurring financial charges | 65 | €157,388 | €150,218 | -€7,170 | -4.6% |
| Non-recurring financial charges | 66B | €175,195 | - | -€175,195 | |
| Profit (loss) for the period before taxes | 9903 | -€52,542 | €65,677 | +€118,218 | |
| Profit (loss) for the period | 9904 | -€52,542 | €65,677 | +€118,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,542 | €65,677 | +€118,218 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.