MABUCON: 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.
MABUCON
Largest movements
- Receivables within one year -€51,090
down €51,090 (-76.0%), from €67,264 to €16,174
of which Other amounts receivable: -€47,194
- Cash +€5,027
up €5,027 (+10.9%), from €46,231 to €51,259
mainly Receivables within one year (+€51,090) and Net result for the year (+€24,167)
- Reserves -€65,833
down €65,833 (-71.4%), from €92,219 to €26,386
- Other debts +€20,000
new in 2025: €20,000
- Tax, wage and social debts -€1,231
down €1,231 (-7.4%), from €16,705 to €15,474
- Gross operating margin -€9,691
down €9,691 (-22.0%), from €43,995 to €34,303
- Financial income -€1,347
down €1,347 (-41.6%), from €3,237 to €1,889
- Other operating charges +€815
up €815 (+48.8%), from €1,671 to €2,486
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 | €114,233 | €67,433 | -€46,800 | -41.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €114,233 | €67,433 | -€46,800 | -41.0% |
| Amounts receivable within one year | 40/41 | €67,264 | €16,174 | -€51,090 | -76.0% |
| Trade receivables | 40 | €11,519 | €7,623 | -€3,896 | -33.8% |
| Other amounts receivable | 41 | €55,745 | €8,551 | -€47,194 | -84.7% |
| Cash at bank and in hand | 54/58 | €46,231 | €51,259 | +€5,027 | +10.9% |
| Deferred charges and accrued income | 490/1 | €738 | €0 | -€738 | -100.0% |
| Total equity and liabilities | 10/49 | €114,233 | €67,433 | -€46,800 | -41.0% |
| Equity | 10/15 | €97,219 | €31,386 | -€65,833 | -67.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,219 | €26,386 | -€65,833 | -71.4% |
| Distributable reserves | 133 | €92,219 | €26,386 | -€65,833 | -71.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,014 | €36,047 | +€19,033 | +111.9% |
| Amounts payable within one year | 42/48 | €17,014 | €36,047 | +€19,033 | +111.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €309 | €573 | +€264 | +85.2% |
| Suppliers | 440/4 | €309 | €573 | +€264 | +85.2% |
| Taxes, remuneration and social security | 45 | €16,705 | €15,474 | -€1,231 | -7.4% |
| Taxes | 450/3 | €16,705 | €15,474 | -€1,231 | -7.4% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Remuneration, social security and pensions | 62 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,671 | €2,486 | +€815 | +48.8% |
| Non-recurring operating charges | 66A | €7,750 | €0 | -€7,750 | -100.0% |
| Gross operating margin | 9900 | €43,995 | €34,303 | -€9,691 | -22.0% |
| Operating profit (loss) | 9901 | €34,186 | €31,817 | -€2,369 | -6.9% |
| Financial income | 75/76B | €3,237 | €1,889 | -€1,347 | -41.6% |
| Recurring financial income | 75 | €3,237 | €1,889 | -€1,347 | -41.6% |
| Financial charges | 65/66B | €297 | €309 | +€12 | +4.2% |
| Recurring financial charges | 65 | €297 | €309 | +€12 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €37,126 | €33,397 | -€3,729 | -10.0% |
| Income taxes | 67/77 | €9,569 | €9,230 | -€339 | -3.5% |
| Profit (loss) for the period | 9904 | €27,557 | €24,167 | -€3,390 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,557 | €24,167 | -€3,390 | -12.3% |
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 10 October 2026 via checked.be.