GILLES MOSAR: 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.
GILLES MOSAR
Largest movements
- Cash -€26,672
down €26,672 (-42.4%), from €62,942 to €36,271
mainly Net result for the year (-€18,033) and Contributions, distributions and other (-€15,601)
- Tangible fixed assets -€10,688
down €10,688 (-36.6%), from €29,185 to €18,497
of which Plant, machinery and equipment: -€6,044
- Receivables within one year +€8,089
up €8,089 (+112%), from €7,234 to €15,324
of which Trade receivables: +€6,212
- Deferred charges and accrued income -€4,691
down €4,691 (-26.4%), from €17,786 to €13,095
- Profit (loss) carried forward -€18,033
down €18,033, from €0 to -€18,033
- Other debts +€15,680
up €15,680 (+24.7%), from €63,508 to €79,188
- Reserves -€15,601
down €15,601 (-100%), from €15,601 to €0
- Current portion of long-term debt -€12,368
down €12,368 (-70.9%), from €17,446 to €5,078
- Debts after one year -€5,078
down €5,078 (-100%), from €5,078 to €0
- Gross operating margin -€27,553
down €27,553, from €23,515 to -€4,038
- Taxes -€2,129
down €2,129 (-100%), from €2,129 to €0
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 | €117,147 | €83,486 | -€33,661 | -28.7% |
| Fixed assets | 21/28 | €29,185 | €18,797 | -€10,388 | -35.6% |
| Tangible fixed assets | 22/27 | €29,185 | €18,497 | -€10,688 | -36.6% |
| Plant, machinery and equipment | 23 | €11,502 | €5,458 | -€6,044 | -52.5% |
| Furniture and vehicles | 24 | €17,683 | €13,039 | -€4,644 | -26.3% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €87,962 | €64,689 | -€23,273 | -26.5% |
| Amounts receivable within one year | 40/41 | €7,234 | €15,324 | +€8,089 | +112% |
| Trade receivables | 40 | €3,241 | €9,453 | +€6,212 | +192% |
| Other amounts receivable | 41 | €3,993 | €5,871 | +€1,877 | +47.0% |
| Cash at bank and in hand | 54/58 | €62,942 | €36,271 | -€26,672 | -42.4% |
| Deferred charges and accrued income | 490/1 | €17,786 | €13,095 | -€4,691 | -26.4% |
| Total equity and liabilities | 10/49 | €117,147 | €83,486 | -€33,661 | -28.7% |
| Equity | 10/15 | €25,601 | -€8,033 | -€33,633 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €15,601 | €0 | -€15,601 | -100% |
| Distributable reserves | 133 | €15,601 | €0 | -€15,601 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€18,033 | -€18,033 | |
| Amounts payable | 17/49 | €91,546 | €91,519 | -€28 | 0.0% |
| Amounts payable after more than one year | 17 | €5,078 | €0 | -€5,078 | -100% |
| Financial debts | 170/4 | €5,078 | €0 | -€5,078 | -100% |
| Amounts payable within one year | 42/48 | €86,469 | €91,519 | +€5,050 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €17,446 | €5,078 | -€12,368 | -70.9% |
| Trade debts | 44 | €3,000 | €3,136 | +€136 | +4.5% |
| Suppliers | 440/4 | €3,000 | €3,136 | +€136 | +4.5% |
| Taxes, remuneration and social security | 45 | €2,515 | €4,117 | +€1,603 | +63.7% |
| Taxes | 450/3 | €2,515 | €4,117 | +€1,603 | +63.7% |
| Other amounts payable | 47/48 | €63,508 | €79,188 | +€15,680 | +24.7% |
| Remuneration, social security and pensions | 62 | €57 | €203 | +€145 | +254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,388 | €12,175 | -€213 | -1.7% |
| Other operating charges | 640/8 | €932 | €766 | -€167 | -17.9% |
| Gross operating margin | 9900 | €23,515 | -€4,038 | -€27,553 | |
| Operating profit (loss) | 9901 | €10,137 | -€17,181 | -€27,319 | |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €958 | €857 | -€101 | -10.5% |
| Recurring financial charges | 65 | €958 | €857 | -€101 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €9,180 | -€18,033 | -€27,212 | |
| Income taxes | 67/77 | €2,129 | €0 | -€2,129 | -100% |
| Profit (loss) for the period | 9904 | €7,050 | -€18,033 | -€25,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,050 | -€18,033 | -€25,083 |
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 30 October 2026 via checked.be.