MAUBRATEC: 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.
MAUBRATEC
Largest movements
- Cash +€37,612
up €37,612 (+77.7%), from €48,401 to €86,013
mainly Net result for the year (+€23,576) and Depreciation (+€18,670)
- Tangible fixed assets -€13,268
down €13,268 (-28.4%), from €46,740 to €33,472
of which Furniture and vehicles: -€11,763
- Intangible fixed assets -€3,260
down €3,260 (-45.1%), from €7,233 to €3,973
- Receivables within one year -€3,044
down €3,044 (-16.3%), from €18,657 to €15,613
of which Trade receivables: -€5,750
- Profit (loss) carried forward +€12,743
up €12,743 (+23.2%), from €54,959 to €67,702
- Other debts +€6,734
up €6,734 (+11.5%), from €58,795 to €65,529
- Accrued charges and deferred income +€3,765
up €3,765 (+273.2%), from €1,378 to €5,143
- Trade debts -€2,917
down €2,917 (-69.9%), from €4,174 to €1,257
- Current portion of long-term debt -€2,586
no longer reported in 2025 (was €2,586)
- Gross operating margin -€16,112
down €16,112 (-22.2%), from €72,597 to €56,485
- Taxes -€3,484
down €3,484 (-26.5%), from €13,152 to €9,668
- Other operating charges -€914
down €914 (-42.1%), from €2,173 to €1,259
- Financial charges +€815
up €815 (+32.7%), from €2,496 to €3,312
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 | €124,479 | €142,572 | +€18,093 | +14.5% |
| Fixed assets | 21/28 | €53,972 | €37,445 | -€16,528 | -30.6% |
| Intangible fixed assets | 21 | €7,233 | €3,973 | -€3,260 | -45.1% |
| Tangible fixed assets | 22/27 | €46,740 | €33,472 | -€13,268 | -28.4% |
| Plant, machinery and equipment | 23 | €11,528 | €8,543 | -€2,985 | -25.9% |
| Furniture and vehicles | 24 | €31,605 | €19,842 | -€11,763 | -37.2% |
| Other tangible fixed assets | 26 | €3,607 | €5,087 | +€1,480 | +41.0% |
| Current assets | 29/58 | €70,506 | €105,127 | +€34,621 | +49.1% |
| Amounts receivable within one year | 40/41 | €18,657 | €15,613 | -€3,044 | -16.3% |
| Trade receivables | 40 | €15,705 | €9,955 | -€5,750 | -36.6% |
| Other amounts receivable | 41 | €2,952 | €5,658 | +€2,706 | +91.7% |
| Cash at bank and in hand | 54/58 | €48,401 | €86,013 | +€37,612 | +77.7% |
| Deferred charges and accrued income | 490/1 | €3,448 | €3,501 | +€52 | +1.5% |
| Total equity and liabilities | 10/49 | €124,479 | €142,572 | +€18,093 | +14.5% |
| Equity | 10/15 | €56,959 | €69,702 | +€12,743 | +22.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,959 | €67,702 | +€12,743 | +23.2% |
| Amounts payable | 17/49 | €67,519 | €72,869 | +€5,350 | +7.9% |
| Amounts payable within one year | 42/48 | €66,141 | €67,727 | +€1,586 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €2,586 | - | -€2,586 | |
| Trade debts | 44 | €4,174 | €1,257 | -€2,917 | -69.9% |
| Suppliers | 440/4 | €4,174 | €1,257 | -€2,917 | -69.9% |
| Taxes, remuneration and social security | 45 | €586 | €940 | +€353 | +60.3% |
| Taxes | 450/3 | €586 | €940 | +€353 | +60.3% |
| Other amounts payable | 47/48 | €58,795 | €65,529 | +€6,734 | +11.5% |
| Accrued charges and deferred income | 492/3 | €1,378 | €5,143 | +€3,765 | +273.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,372 | €18,670 | -€702 | -3.6% |
| Other operating charges | 640/8 | €2,173 | €1,259 | -€914 | -42.1% |
| Gross operating margin | 9900 | €72,597 | €56,485 | -€16,112 | -22.2% |
| Operating profit (loss) | 9901 | €51,052 | €36,556 | -€14,497 | -28.4% |
| Financial income | 75/76B | €69 | - | -€69 | |
| Recurring financial income | 75 | €69 | - | -€69 | |
| Financial charges | 65/66B | €2,496 | €3,312 | +€815 | +32.7% |
| Recurring financial charges | 65 | €2,496 | €3,312 | +€815 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €48,625 | €33,244 | -€15,381 | -31.6% |
| Income taxes | 67/77 | €13,152 | €9,668 | -€3,484 | -26.5% |
| Profit (loss) for the period | 9904 | €35,473 | €23,576 | -€11,897 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,473 | €23,576 | -€11,897 | -33.5% |
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 12 October 2026 via checked.be.