MABUCO: 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.
MABUCO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€2,831
down €2,831 (-12.6%), from -€22,393 to -€25,224
- Gross operating margin +€487
up €487 (+248%), from €197 to €684
- Financial charges -€437
down €437 (-18.5%), from €2,364 to €1,927
- Other operating charges -€221
down €221 (-12.2%), from €1,809 to €1,588
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,114 | €203,114 | = | 0.0% |
| Fixed assets | 21/28 | €203,114 | €203,114 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,720 | €23,720 | = | 0.0% |
| Land and buildings | 22 | €23,720 | €23,720 | = | 0.0% |
| Financial fixed assets | 28 | €179,394 | €179,394 | = | 0.0% |
| Total equity and liabilities | 10/49 | €203,114 | €203,114 | = | 0.0% |
| Equity | 10/15 | €8,059 | €5,227 | -€2,831 | -35.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,393 | -€25,224 | -€2,831 | -12.6% |
| Amounts payable | 17/49 | €195,055 | €197,886 | +€2,831 | +1.5% |
| Amounts payable after more than one year | 17 | €138,380 | €138,380 | = | 0.0% |
| Other amounts payable | 178/9 | €138,380 | €138,380 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,675 | €59,506 | +€2,831 | +5.0% |
| Financial debts | 43 | €14,269 | €14,984 | +€714 | +5.0% |
| Credit institutions | 430/8 | €14,269 | €14,984 | +€714 | +5.0% |
| Trade debts | 44 | €2,728 | €3,994 | +€1,266 | +46.4% |
| Suppliers | 440/4 | €2,728 | €3,994 | +€1,266 | +46.4% |
| Taxes, remuneration and social security | 45 | €574 | €900 | +€326 | +56.8% |
| Taxes | 450/3 | €574 | €900 | +€326 | +56.8% |
| Other amounts payable | 47/48 | €39,104 | €39,629 | +€525 | +1.3% |
| Other operating charges | 640/8 | €1,809 | €1,588 | -€221 | -12.2% |
| Gross operating margin | 9900 | €197 | €684 | +€487 | +248% |
| Operating profit (loss) | 9901 | -€1,612 | -€904 | +€708 | +43.9% |
| Financial charges | 65/66B | €2,364 | €1,927 | -€437 | -18.5% |
| Recurring financial charges | 65 | €2,364 | €1,927 | -€437 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,976 | -€2,831 | +€1,145 | +28.8% |
| Profit (loss) for the period | 9904 | -€3,976 | -€2,831 | +€1,145 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,976 | -€2,831 | +€1,145 | +28.8% |
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 17 October 2026 via checked.be.