MOBARAK: 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.
MOBARAK
Largest movements
- Receivables within one year +€109,650
up €109,650 (+580.3%), from €18,896 to €128,546
of which Trade receivables: +€100,336
- Stocks and contracts +€49,351
up €49,351 (+41.1%), from €120,117 to €169,467
- Intangible fixed assets -€4,220
down €4,220 (-33.2%), from €12,720 to €8,500
- Trade debts +€136,859
up €136,859 (+149.5%), from €91,559 to €228,418
- Profit (loss) carried forward +€13,048
up €13,048 (+50.3%), from -€25,935 to -€12,887
- Tax, wage and social debts +€7,991
up €7,991 (+27.6%), from €28,928 to €36,918
- Gross operating margin +€6,511
up €6,511 (+25.4%), from €25,683 to €32,194
- Other operating charges -€1,642
down €1,642 (-46.7%), from €3,519 to €1,877
- Staff costs +€772
up €772 (+8.8%), from €8,747 to €9,519
- Financial income -€698
no longer reported in 2023 (was €698)
- Depreciation -€400
down €400 (-6.9%), from €5,815 to €5,415
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,970 | €314,737 | +€154,767 | +96.7% |
| Fixed assets | 21/28 | €20,415 | €15,000 | -€5,415 | -26.5% |
| Intangible fixed assets | 21 | €12,720 | €8,500 | -€4,220 | -33.2% |
| Tangible fixed assets | 22/27 | €1,695 | €500 | -€1,195 | -70.5% |
| Plant, machinery and equipment | 23 | €945 | - | -€945 | |
| Furniture and vehicles | 24 | €750 | €500 | -€250 | -33.3% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €139,555 | €299,737 | +€160,182 | +114.8% |
| Stocks and contracts in progress | 3 | €120,117 | €169,467 | +€49,351 | +41.1% |
| Stocks | 30/36 | €120,117 | €169,467 | +€49,351 | +41.1% |
| Amounts receivable within one year | 40/41 | €18,896 | €128,546 | +€109,650 | +580.3% |
| Trade receivables | 40 | €13,910 | €114,246 | +€100,336 | +721.3% |
| Other amounts receivable | 41 | €4,986 | €14,301 | +€9,315 | +186.8% |
| Cash at bank and in hand | 54/58 | €543 | €1,218 | +€675 | +124.4% |
| Deferred charges and accrued income | 490/1 | - | €506 | +€506 | |
| Total equity and liabilities | 10/49 | €159,970 | €314,737 | +€154,767 | +96.7% |
| Equity | 10/15 | -€5,935 | €7,113 | +€13,048 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,935 | -€12,887 | +€13,048 | +50.3% |
| Amounts payable | 17/49 | €165,905 | €307,624 | +€141,720 | +85.4% |
| Amounts payable within one year | 42/48 | €165,905 | €307,624 | +€141,720 | +85.4% |
| Trade debts | 44 | €91,559 | €228,418 | +€136,859 | +149.5% |
| Suppliers | 440/4 | €91,559 | €228,418 | +€136,859 | +149.5% |
| Taxes, remuneration and social security | 45 | €28,928 | €36,918 | +€7,991 | +27.6% |
| Remuneration and social security | 454/9 | €28,928 | €36,918 | +€7,991 | +27.6% |
| Other amounts payable | 47/48 | €45,417 | €42,287 | -€3,130 | -6.9% |
| Remuneration, social security and pensions | 62 | €8,747 | €9,519 | +€772 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,815 | €5,415 | -€400 | -6.9% |
| Other operating charges | 640/8 | €3,519 | €1,877 | -€1,642 | -46.7% |
| Gross operating margin | 9900 | €25,683 | €32,194 | +€6,511 | +25.4% |
| Operating profit (loss) | 9901 | €7,603 | €15,383 | +€7,781 | +102.3% |
| Financial income | 75/76B | €698 | - | -€698 | |
| Recurring financial income | 75 | €698 | - | -€698 | |
| Financial charges | 65/66B | €2,343 | €2,336 | -€7 | -0.3% |
| Recurring financial charges | 65 | €2,343 | €2,336 | -€7 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €5,957 | €13,048 | +€7,090 | +119.0% |
| Profit (loss) for the period | 9904 | €5,957 | €13,048 | +€7,090 | +119.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,957 | €13,048 | +€7,090 | +119.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.