MABUILD GROUP: 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 GROUP
Largest movements
- Receivables within one year +€77,510
up €77,510 (+17.0%), from €457,168 to €534,678
of which Trade receivables: +€42,446
- Cash -€65,055
down €65,055 (-27.4%), from €237,232 to €172,177
mainly Receivables within one year (-€77,510) and Trade debts (-€57,337)
- Tangible fixed assets -€41,448
down €41,448 (-11.3%), from €365,575 to €324,128
of which Furniture and vehicles: -€24,904
- Trade debts -€57,337
down €57,337 (-24.1%), from €238,237 to €180,900
- Profit (loss) carried forward +€51,809
up €51,809 (+16.6%), from €312,478 to €364,287
- Debts after one year -€24,000
down €24,000 (-7.2%), from €332,000 to €308,000
- Other debts -€22,516
down €22,516 (-100.0%), from €22,516 to €0
- Tax, wage and social debts +€19,878
up €19,878 (+151.1%), from €13,155 to €33,033
of which Remuneration and social security: +€15,626
- Gross operating margin -€122,407
down €122,407 (-27.9%), from €438,940 to €316,533
- Taxes -€50,408
down €50,408 (-93.0%), from €54,222 to €3,814
- Staff costs +€25,202
up €25,202 (+15.1%), from €166,569 to €191,772
- Other operating charges -€5,158
down €5,158 (-42.6%), from €12,103 to €6,945
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 | €1,087,795 | €1,058,803 | -€28,992 | -2.7% |
| Fixed assets | 21/28 | €393,395 | €351,948 | -€41,448 | -10.5% |
| Tangible fixed assets | 22/27 | €365,575 | €324,128 | -€41,448 | -11.3% |
| Land and buildings | 22 | €332,778 | €316,235 | -€16,543 | -5.0% |
| Furniture and vehicles | 24 | €32,797 | €7,893 | -€24,904 | -75.9% |
| Financial fixed assets | 28 | €27,820 | €27,820 | = | 0.0% |
| Current assets | 29/58 | €694,400 | €706,855 | +€12,455 | +1.8% |
| Amounts receivable within one year | 40/41 | €457,168 | €534,678 | +€77,510 | +17.0% |
| Trade receivables | 40 | €372,758 | €415,203 | +€42,446 | +11.4% |
| Other amounts receivable | 41 | €84,410 | €119,475 | +€35,064 | +41.5% |
| Cash at bank and in hand | 54/58 | €237,232 | €172,177 | -€65,055 | -27.4% |
| Total equity and liabilities | 10/49 | €1,087,795 | €1,058,803 | -€28,992 | -2.7% |
| Equity | 10/15 | €412,538 | €464,347 | +€51,809 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €93,860 | €93,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,000 | €92,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,478 | €364,287 | +€51,809 | +16.6% |
| Amounts payable | 17/49 | €675,257 | €594,456 | -€80,801 | -12.0% |
| Amounts payable after more than one year | 17 | €332,000 | €308,000 | -€24,000 | -7.2% |
| Financial debts | 170/4 | €332,000 | €308,000 | -€24,000 | -7.2% |
| Amounts payable within one year | 42/48 | €343,257 | €286,456 | -€56,801 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €69,349 | €72,523 | +€3,174 | +4.6% |
| Trade debts | 44 | €238,237 | €180,900 | -€57,337 | -24.1% |
| Suppliers | 440/4 | €238,237 | €180,900 | -€57,337 | -24.1% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €13,155 | €33,033 | +€19,878 | +151.1% |
| Taxes | 450/3 | - | €4,253 | +€4,253 | |
| Remuneration and social security | 454/9 | €13,155 | €28,781 | +€15,626 | +118.8% |
| Other amounts payable | 47/48 | €22,516 | €0 | -€22,516 | -100.0% |
| Remuneration, social security and pensions | 62 | €166,569 | €191,772 | +€25,202 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,721 | €41,448 | -€274 | -0.7% |
| Other operating charges | 640/8 | €12,103 | €6,945 | -€5,158 | -42.6% |
| Gross operating margin | 9900 | €438,940 | €316,533 | -€122,407 | -27.9% |
| Operating profit (loss) | 9901 | €218,546 | €76,369 | -€142,178 | -65.1% |
| Financial charges | 65/66B | €19,909 | €20,746 | +€837 | +4.2% |
| Recurring financial charges | 65 | €19,909 | €20,746 | +€837 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €198,637 | €55,622 | -€143,015 | -72.0% |
| Income taxes | 67/77 | €54,222 | €3,814 | -€50,408 | -93.0% |
| Profit (loss) for the period | 9904 | €144,415 | €51,809 | -€92,607 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,415 | €51,809 | -€92,607 | -64.1% |
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 8 October 2026 via checked.be.