MABUILD: 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.
MABUILD
Largest movements
- Cash -€60,329
down €60,329 (-73.3%), from €82,335 to €22,007
mainly Other debts (-€85,168) and Trade debts (-€18,881)
- Receivables within one year -€34,992
down €34,992 (-14.8%), from €235,881 to €200,889
of which Trade receivables: -€28,092
- Other debts -€85,168
down €85,168 (-94.2%), from €90,387 to €5,219
- Tax, wage and social debts +€22,775
up €22,775 (+182.6%), from €12,471 to €35,246
of which Remuneration and social security: +€15,790
- Trade debts -€18,881
down €18,881 (-24.1%), from €78,373 to €59,492
- Profit (loss) carried forward -€14,047
down €14,047 (-10.3%), from €136,985 to €122,938
- Gross operating margin -€91,833
down €91,833 (-16.5%), from €556,616 to €464,783
- Staff costs -€19,331
down €19,331 (-3.9%), from €490,378 to €471,047
- Taxes -€8,750
down €8,750 (-57.4%), from €15,250 to €6,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,216 | €222,896 | -€95,321 | -30.0% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €318,216 | €222,896 | -€95,321 | -30.0% |
| Amounts receivable within one year | 40/41 | €235,881 | €200,889 | -€34,992 | -14.8% |
| Trade receivables | 40 | €226,974 | €198,882 | -€28,092 | -12.4% |
| Other amounts receivable | 41 | €8,907 | €2,007 | -€6,900 | -77.5% |
| Cash at bank and in hand | 54/58 | €82,335 | €22,007 | -€60,329 | -73.3% |
| Total equity and liabilities | 10/49 | €318,216 | €222,896 | -€95,321 | -30.0% |
| Equity | 10/15 | €136,986 | €122,939 | -€14,047 | -10.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Capital | 10 | €1 | €1 | = | 0.0% |
| Issued capital | 100 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,985 | €122,938 | -€14,047 | -10.3% |
| Amounts payable | 17/49 | €181,231 | €99,957 | -€81,274 | -44.8% |
| Amounts payable within one year | 42/48 | €181,231 | €99,957 | -€81,274 | -44.8% |
| Trade debts | 44 | €78,373 | €59,492 | -€18,881 | -24.1% |
| Suppliers | 440/4 | €78,373 | €59,492 | -€18,881 | -24.1% |
| Taxes, remuneration and social security | 45 | €12,471 | €35,246 | +€22,775 | +182.6% |
| Taxes | 450/3 | €12,471 | €19,456 | +€6,985 | +56.0% |
| Remuneration and social security | 454/9 | - | €15,790 | +€15,790 | |
| Other amounts payable | 47/48 | €90,387 | €5,219 | -€85,168 | -94.2% |
| Remuneration, social security and pensions | 62 | €490,378 | €471,047 | -€19,331 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,184 | €0 | -€1,184 | -100.0% |
| Other operating charges | 640/8 | €244 | €688 | +€444 | +181.8% |
| Gross operating margin | 9900 | €556,616 | €464,783 | -€91,833 | -16.5% |
| Operating profit (loss) | 9901 | €64,810 | -€6,952 | -€71,761 | |
| Financial charges | 65/66B | €752 | €595 | -€157 | -20.9% |
| Recurring financial charges | 65 | €752 | €595 | -€157 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €64,057 | -€7,547 | -€71,604 | |
| Income taxes | 67/77 | €15,250 | €6,500 | -€8,750 | -57.4% |
| Profit (loss) for the period | 9904 | €48,807 | -€14,047 | -€62,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,807 | -€14,047 | -€62,854 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.