MABSTRACT: 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.
MABSTRACT
Largest movements
- Cash -€153,612
down €153,612 (-53.3%), from €287,969 to €134,358
mainly Contributions, distributions and other (-€240,000) and Tax, wage and social debts (-€20,152)
- Receivables within one year +€3,891
up €3,891 (+28.0%), from €13,885 to €17,776
of which Other amounts receivable: +€5,630
- Profit (loss) carried forward -€136,544
down €136,544 (-55.2%), from €247,221 to €110,677
- Tax, wage and social debts -€20,152
down €20,152 (-42.6%), from €47,344 to €27,192
- Other debts +€6,460
up €6,460 (+67.2%), from €9,615 to €16,075
- Gross operating margin -€4,567
down €4,567 (-3.2%), from €144,270 to €139,703
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 | €304,352 | €154,116 | -€150,236 | -49.4% |
| Fixed assets | 21/28 | €2,498 | €1,983 | -€515 | -20.6% |
| Tangible fixed assets | 22/27 | €2,498 | €1,983 | -€515 | -20.6% |
| Plant, machinery and equipment | 23 | €1,201 | €795 | -€406 | -33.8% |
| Furniture and vehicles | 24 | €1,297 | €1,187 | -€109 | -8.4% |
| Current assets | 29/58 | €301,854 | €152,134 | -€149,720 | -49.6% |
| Amounts receivable within one year | 40/41 | €13,885 | €17,776 | +€3,891 | +28.0% |
| Trade receivables | 40 | €13,885 | €12,146 | -€1,739 | -12.5% |
| Other amounts receivable | 41 | - | €5,630 | +€5,630 | |
| Cash at bank and in hand | 54/58 | €287,969 | €134,358 | -€153,612 | -53.3% |
| Total equity and liabilities | 10/49 | €304,352 | €154,116 | -€150,236 | -49.4% |
| Equity | 10/15 | €247,321 | €110,777 | -€136,544 | -55.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Contributions outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,221 | €110,677 | -€136,544 | -55.2% |
| Amounts payable | 17/49 | €57,032 | €43,340 | -€13,692 | -24.0% |
| Amounts payable within one year | 42/48 | €57,032 | €43,340 | -€13,692 | -24.0% |
| Trade debts | 44 | €72 | €72 | = | 0.0% |
| Suppliers | 440/4 | €72 | €72 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €47,344 | €27,192 | -€20,152 | -42.6% |
| Taxes | 450/3 | €47,344 | €27,192 | -€20,152 | -42.6% |
| Other amounts payable | 47/48 | €9,615 | €16,075 | +€6,460 | +67.2% |
| Remuneration, social security and pensions | 62 | €6,000 | €6,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €806 | €1,444 | +€638 | +79.2% |
| Other operating charges | 640/8 | €315 | €628 | +€314 | +99.7% |
| Gross operating margin | 9900 | €144,270 | €139,703 | -€4,567 | -3.2% |
| Operating profit (loss) | 9901 | €137,150 | €131,631 | -€5,519 | -4.0% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +2.0% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €137,111 | €131,560 | -€5,550 | -4.0% |
| Income taxes | 67/77 | €29,278 | €28,104 | -€1,173 | -4.0% |
| Profit (loss) for the period | 9904 | €107,833 | €103,456 | -€4,377 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,833 | €103,456 | -€4,377 | -4.1% |
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.