MAIROBI: 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.
MAIROBI
Largest movements
- Current investments +€194,414
up €194,414 (+153%), from €126,863 to €321,277
- Receivables within one year -€163,180
down €163,180 (-92.0%), from €177,335 to €14,155
of which Trade receivables: -€170,086
- Cash -€69,304
down €69,304 (-87.8%), from €78,929 to €9,625
mainly Current investments (-€194,414) and Contributions, distributions and other (-€24,266)
- Tangible fixed assets -€26,350
down €26,350 (-79.2%), from €33,271 to €6,921
of which Land and buildings: -€13,516
- Reserves -€29,549
down €29,549 (-8.7%), from €341,435 to €311,886
- Tax, wage and social debts -€19,526
down €19,526 (-99.7%), from €19,580 to €54
of which Taxes: -€17,578
- Other debts -€13,253
down €13,253 (-39.6%), from €33,466 to €20,213
- Gross operating margin -€74,045
down €74,045 (-78.2%), from €94,644 to €20,599
- Taxes -€14,050
down €14,050 (-99.8%), from €14,082 to €32
- Other operating charges -€7,690
down €7,690 (-83.5%), from €9,214 to €1,524
- Staff costs +€7,037
no longer reported in 2025 (was -€7,037)
- Financial charges +€1,013
up €1,013, from -€666 to €347
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
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 | €416,398 | €352,948 | -€63,450 | -15.2% |
| Fixed assets | 21/28 | €33,271 | €6,921 | -€26,350 | -79.2% |
| Tangible fixed assets | 22/27 | €33,271 | €6,921 | -€26,350 | -79.2% |
| Land and buildings | 22 | €13,516 | - | -€13,516 | |
| Plant, machinery and equipment | 23 | €4,273 | €3,310 | -€962 | -22.5% |
| Furniture and vehicles | 24 | €15,482 | €3,610 | -€11,872 | -76.7% |
| Current assets | 29/58 | €383,127 | €346,027 | -€37,100 | -9.7% |
| Amounts receivable within one year | 40/41 | €177,335 | €14,155 | -€163,180 | -92.0% |
| Trade receivables | 40 | €173,733 | €3,647 | -€170,086 | -97.9% |
| Other amounts receivable | 41 | €3,602 | €10,508 | +€6,906 | +192% |
| Current investments | 50/53 | €126,863 | €321,277 | +€194,414 | +153% |
| Cash at bank and in hand | 54/58 | €78,929 | €9,625 | -€69,304 | -87.8% |
| Deferred charges and accrued income | 490/1 | - | €971 | +€971 | |
| Total equity and liabilities | 10/49 | €416,398 | €352,948 | -€63,450 | -15.2% |
| Equity | 10/15 | €361,435 | €331,886 | -€29,549 | -8.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €341,435 | €311,886 | -€29,549 | -8.7% |
| Distributable reserves | 133 | €341,435 | €311,886 | -€29,549 | -8.7% |
| Amounts payable | 17/49 | €54,963 | €21,062 | -€33,901 | -61.7% |
| Amounts payable within one year | 42/48 | €54,963 | €21,062 | -€33,901 | -61.7% |
| Trade debts | 44 | €1,917 | €795 | -€1,122 | -58.5% |
| Suppliers | 440/4 | €1,917 | €795 | -€1,122 | -58.5% |
| Taxes, remuneration and social security | 45 | €19,580 | €54 | -€19,526 | -99.7% |
| Taxes | 450/3 | €17,632 | €54 | -€17,578 | -99.7% |
| Remuneration and social security | 454/9 | €1,948 | - | -€1,948 | |
| Other amounts payable | 47/48 | €33,466 | €20,213 | -€13,253 | -39.6% |
| Non-recurring operating income | 76A | €109,576 | - | -€109,576 | |
| Remuneration, social security and pensions | 62 | -€7,037 | - | +€7,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,234 | €26,350 | +€116 | +0.4% |
| Other operating charges | 640/8 | €9,214 | €1,524 | -€7,690 | -83.5% |
| Gross operating margin | 9900 | €94,644 | €20,599 | -€74,045 | -78.2% |
| Operating profit (loss) | 9901 | €66,232 | -€7,276 | -€73,508 | |
| Financial income | 75/76B | €3,244 | €2,372 | -€872 | -26.9% |
| Recurring financial income | 75 | €3,244 | €2,372 | -€872 | -26.9% |
| Financial charges | 65/66B | -€666 | €347 | +€1,013 | |
| Recurring financial charges | 65 | -€666 | €347 | +€1,013 | |
| Profit (loss) for the period before taxes | 9903 | €70,142 | -€5,251 | -€75,393 | |
| Income taxes | 67/77 | €14,082 | €32 | -€14,050 | -99.8% |
| Profit (loss) for the period | 9904 | €56,060 | -€5,283 | -€61,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,060 | -€5,283 | -€61,344 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.