MABSO: 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.
MABSO
Largest movements
- Current investments +€67,119
up €67,119 (+27.0%), from €248,747 to €315,866
- Tangible fixed assets -€24,059
down €24,059 (-15.9%), from €151,151 to €127,092
of which Furniture and vehicles: -€18,294
- Cash -€20,267
down €20,267 (-32.2%), from €62,998 to €42,731
mainly Current investments (-€67,119) and Debts after one year (-€24,800)
- Receivables within one year +€8,848
up €8,848 (+35.4%), from €25,016 to €33,864
of which Other amounts receivable: +€8,000
- Deferred charges and accrued income +€6,625
up €6,625 (+416.7%), from €1,590 to €8,215
- Reserves +€52,886
up €52,886 (+16.6%), from €317,988 to €370,874
- Debts after one year -€24,800
down €24,800 (-19.9%), from €124,738 to €99,938
- Gross operating margin -€60,344
down €60,344 (-36.1%), from €166,942 to €106,597
- Taxes -€17,873
down €17,873 (-45.3%), from €39,498 to €21,624
- Depreciation +€5,287
up €5,287 (+23.9%), from €22,144 to €27,432
- Financial income +€3,015
up €3,015 (+447.8%), from €673 to €3,689
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 | €489,502 | €527,768 | +€38,267 | +7.8% |
| Fixed assets | 21/28 | €151,151 | €127,092 | -€24,059 | -15.9% |
| Tangible fixed assets | 22/27 | €151,151 | €127,092 | -€24,059 | -15.9% |
| Plant, machinery and equipment | 23 | €748 | €414 | -€333 | -44.6% |
| Furniture and vehicles | 24 | €71,623 | €53,329 | -€18,294 | -25.5% |
| Other tangible fixed assets | 26 | €78,780 | €73,349 | -€5,431 | -6.9% |
| Current assets | 29/58 | €338,351 | €400,676 | +€62,325 | +18.4% |
| Amounts receivable within one year | 40/41 | €25,016 | €33,864 | +€8,848 | +35.4% |
| Trade receivables | 40 | €25,016 | €25,864 | +€848 | +3.4% |
| Other amounts receivable | 41 | - | €8,000 | +€8,000 | |
| Current investments | 50/53 | €248,747 | €315,866 | +€67,119 | +27.0% |
| Cash at bank and in hand | 54/58 | €62,998 | €42,731 | -€20,267 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,590 | €8,215 | +€6,625 | +416.7% |
| Total equity and liabilities | 10/49 | €489,502 | €527,768 | +€38,267 | +7.8% |
| Equity | 10/15 | €324,188 | €377,074 | +€52,886 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €317,988 | €370,874 | +€52,886 | +16.6% |
| Distributable reserves | 133 | €317,988 | €370,874 | +€52,886 | +16.6% |
| Amounts payable | 17/49 | €165,314 | €150,694 | -€14,620 | -8.8% |
| Amounts payable after more than one year | 17 | €124,738 | €99,938 | -€24,800 | -19.9% |
| Financial debts | 170/4 | €124,738 | €99,938 | -€24,800 | -19.9% |
| Amounts payable within one year | 42/48 | €40,576 | €49,854 | +€9,278 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €24,925 | €26,546 | +€1,621 | +6.5% |
| Trade debts | 44 | €1,573 | €1,617 | +€43 | +2.8% |
| Suppliers | 440/4 | €1,573 | €1,617 | +€43 | +2.8% |
| Taxes, remuneration and social security | 45 | €4,784 | €9,436 | +€4,652 | +97.2% |
| Taxes | 450/3 | €4,784 | €9,436 | +€4,652 | +97.2% |
| Other amounts payable | 47/48 | €9,294 | €12,255 | +€2,961 | +31.9% |
| Accrued charges and deferred income | 492/3 | - | €902 | +€902 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,144 | €27,432 | +€5,287 | +23.9% |
| Other operating charges | 640/8 | €1,401 | €1,584 | +€183 | +13.1% |
| Gross operating margin | 9900 | €166,942 | €106,597 | -€60,344 | -36.1% |
| Operating profit (loss) | 9901 | €143,397 | €77,582 | -€65,815 | -45.9% |
| Financial income | 75/76B | €673 | €3,689 | +€3,015 | +447.8% |
| Recurring financial income | 75 | €673 | €3,689 | +€3,015 | +447.8% |
| Financial charges | 65/66B | €5,915 | €6,759 | +€845 | +14.3% |
| Recurring financial charges | 65 | €5,915 | €6,759 | +€845 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €138,155 | €74,511 | -€63,644 | -46.1% |
| Income taxes | 67/77 | €39,498 | €21,624 | -€17,873 | -45.3% |
| Profit (loss) for the period | 9904 | €98,657 | €52,886 | -€45,771 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,657 | €52,886 | -€45,771 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.