MABS: what changed
Two fiscal 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.
MABS
Largest movements
- Current investments -€45,000
down €45,000 (-37.5%), from €120,000 to €75,000
- Tangible fixed assets -€8,244
down €8,244 (-21.3%), from €38,640 to €30,397
of which Furniture and vehicles: -€7,979
- Cash -€6,491
down €6,491 (-51.2%), from €12,679 to €6,188
mainly Net result for the year (-€33,906) and Contributions, distributions and other (-€20,242)
- Profit (loss) carried forward -€33,906
down €33,906 (-50.9%), from €66,653 to €32,747
- Reserves -€20,242
down €20,242 (-22.3%), from €90,970 to €70,728
of which Distributable reserves: -€20,242
- Tax, wage and social debts -€3,886
down €3,886 (-65.3%), from €5,950 to €2,063
- Trade debts -€2,262
down €2,262 (-66.8%), from €3,386 to €1,124
- Gross operating margin -€54,784
down €54,784, from €30,943 to -€23,841
- Taxes -€6,568
no longer reported in 2025 (was €6,568)
- Financial income -€2,241
down €2,241 (-57.4%), from €3,905 to €1,664
- Depreciation +€806
up €806 (+8.2%), from €9,836 to €10,642
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 | €187,067 | €127,415 | -€59,653 | -31.9% |
| Fixed assets | 21/28 | €38,640 | €30,397 | -€8,244 | -21.3% |
| Tangible fixed assets | 22/27 | €38,640 | €30,397 | -€8,244 | -21.3% |
| Plant, machinery and equipment | 23 | €1,056 | €792 | -€264 | -25.0% |
| Furniture and vehicles | 24 | €29,084 | €21,105 | -€7,979 | -27.4% |
| Other tangible fixed assets | 26 | €8,500 | €8,500 | = | 0.0% |
| Current assets | 29/58 | €148,427 | €97,018 | -€51,409 | -34.6% |
| Amounts receivable within one year | 40/41 | €13,162 | €13,724 | +€562 | +4.3% |
| Trade receivables | 40 | €13,162 | €13,162 | = | 0.0% |
| Other amounts receivable | 41 | - | €562 | +€562 | |
| Current investments | 50/53 | €120,000 | €75,000 | -€45,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €12,679 | €6,188 | -€6,491 | -51.2% |
| Deferred charges and accrued income | 490/1 | €2,585 | €2,106 | -€480 | -18.6% |
| Total equity and liabilities | 10/49 | €187,067 | €127,415 | -€59,653 | -31.9% |
| Equity | 10/15 | €176,223 | €122,075 | -€54,148 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,970 | €70,728 | -€20,242 | -22.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,110 | €68,868 | -€20,242 | -22.7% |
| Profit (loss) carried forward | 14 | €66,653 | €32,747 | -€33,906 | -50.9% |
| Amounts payable | 17/49 | €10,844 | €5,339 | -€5,505 | -50.8% |
| Amounts payable within one year | 42/48 | €10,844 | €5,339 | -€5,505 | -50.8% |
| Trade debts | 44 | €3,386 | €1,124 | -€2,262 | -66.8% |
| Suppliers | 440/4 | €3,386 | €1,124 | -€2,262 | -66.8% |
| Taxes, remuneration and social security | 45 | €5,950 | €2,063 | -€3,886 | -65.3% |
| Taxes | 450/3 | €5,950 | €2,063 | -€3,886 | -65.3% |
| Other amounts payable | 47/48 | €1,508 | €2,151 | +€644 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,836 | €10,642 | +€806 | +8.2% |
| Other operating charges | 640/8 | €449 | €567 | +€118 | +26.2% |
| Gross operating margin | 9900 | €30,943 | -€23,841 | -€54,784 | |
| Operating profit (loss) | 9901 | €20,658 | -€35,049 | -€55,707 | |
| Financial income | 75/76B | €3,905 | €1,664 | -€2,241 | -57.4% |
| Recurring financial income | 75 | €3,905 | €1,664 | -€2,241 | -57.4% |
| Financial charges | 65/66B | €500 | €521 | +€21 | +4.2% |
| Recurring financial charges | 65 | €500 | €521 | +€21 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €24,063 | -€33,906 | -€57,969 | |
| Income taxes | 67/77 | €6,568 | - | -€6,568 | |
| Profit (loss) for the period | 9904 | €17,494 | -€33,906 | -€51,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,494 | -€33,906 | -€51,401 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.