M.O.L.22: 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.
M.O.L.22
Largest movements
- Receivables within one year +€211,876
up €211,876 (+153%), from €138,444 to €350,320
of which Other amounts receivable: +€208,919
- Stocks and contracts -€15,041
down €15,041 (-31.7%), from €47,515 to €32,474
- Tangible fixed assets -€11,399
down €11,399 (-5.5%), from €208,770 to €197,371
of which Furniture and vehicles: -€11,032
- Cash +€10,054
up €10,054 (+20.7%), from €48,552 to €58,607
mainly Net result for the year (+€182,412) and Depreciation (+€48,507)
- Reserves +€182,412
up €182,412 (+69.3%), from €263,323 to €445,735
- Tax, wage and social debts +€17,134
up €17,134 (+20.5%), from €83,515 to €100,648
of which Taxes: +€19,213
- Debts after one year -€16,037
down €16,037 (-29.8%), from €53,738 to €37,701
- Trade debts +€9,638
up €9,638 (+65.0%), from €14,820 to €24,458
- Financial income +€8,169
up €8,169 (+206%), from €3,974 to €12,143
- Write-downs +€6,781
new in 2025: €6,781
- Gross operating margin +€6,550
up €6,550 (+1.4%), from €479,641 to €486,191
- Depreciation +€5,119
up €5,119 (+11.8%), from €43,388 to €48,507
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 | €475,523 | €668,298 | +€192,775 | +40.5% |
| Fixed assets | 21/28 | €232,837 | €216,319 | -€16,518 | -7.1% |
| Intangible fixed assets | 21 | €14,066 | €8,948 | -€5,119 | -36.4% |
| Tangible fixed assets | 22/27 | €208,770 | €197,371 | -€11,399 | -5.5% |
| Land and buildings | 22 | €30,651 | €26,793 | -€3,858 | -12.6% |
| Plant, machinery and equipment | 23 | €47,435 | €37,387 | -€10,049 | -21.2% |
| Furniture and vehicles | 24 | €39,948 | €28,916 | -€11,032 | -27.6% |
| Leasing and similar rights | 25 | €36,600 | €26,756 | -€9,845 | -26.9% |
| Other tangible fixed assets | 26 | €54,136 | €77,519 | +€23,384 | +43.2% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €242,686 | €451,979 | +€209,293 | +86.2% |
| Stocks and contracts in progress | 3 | €47,515 | €32,474 | -€15,041 | -31.7% |
| Stocks | 30/36 | €47,515 | €32,474 | -€15,041 | -31.7% |
| Amounts receivable within one year | 40/41 | €138,444 | €350,320 | +€211,876 | +153% |
| Trade receivables | 40 | €7,469 | €10,425 | +€2,957 | +39.6% |
| Other amounts receivable | 41 | €130,975 | €339,894 | +€208,919 | +160% |
| Cash at bank and in hand | 54/58 | €48,552 | €58,607 | +€10,054 | +20.7% |
| Deferred charges and accrued income | 490/1 | €8,175 | €10,578 | +€2,403 | +29.4% |
| Total equity and liabilities | 10/49 | €475,523 | €668,298 | +€192,775 | +40.5% |
| Equity | 10/15 | €273,323 | €455,735 | +€182,412 | +66.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €263,323 | €445,735 | +€182,412 | +69.3% |
| Distributable reserves | 133 | €263,323 | €445,735 | +€182,412 | +69.3% |
| Amounts payable | 17/49 | €202,200 | €212,562 | +€10,362 | +5.1% |
| Amounts payable after more than one year | 17 | €53,738 | €37,701 | -€16,037 | -29.8% |
| Financial debts | 170/4 | €53,738 | €37,701 | -€16,037 | -29.8% |
| Amounts payable within one year | 42/48 | €140,575 | €170,994 | +€30,418 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €39,481 | €45,688 | +€6,207 | +15.7% |
| Trade debts | 44 | €14,820 | €24,458 | +€9,638 | +65.0% |
| Suppliers | 440/4 | €14,820 | €24,458 | +€9,638 | +65.0% |
| Taxes, remuneration and social security | 45 | €83,515 | €100,648 | +€17,134 | +20.5% |
| Taxes | 450/3 | €68,139 | €87,352 | +€19,213 | +28.2% |
| Remuneration and social security | 454/9 | €15,376 | €13,296 | -€2,079 | -13.5% |
| Other amounts payable | 47/48 | €2,760 | €200 | -€2,560 | -92.8% |
| Accrued charges and deferred income | 492/3 | €7,887 | €3,868 | -€4,019 | -51.0% |
| Remuneration, social security and pensions | 62 | €164,132 | €164,582 | +€450 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,388 | €48,507 | +€5,119 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,781 | +€6,781 | |
| Other operating charges | 640/8 | €4,322 | €6,074 | +€1,752 | +40.5% |
| Gross operating margin | 9900 | €479,641 | €486,191 | +€6,550 | +1.4% |
| Operating profit (loss) | 9901 | €267,800 | €260,247 | -€7,553 | -2.8% |
| Financial income | 75/76B | €3,974 | €12,143 | +€8,169 | +206% |
| Recurring financial income | 75 | €3,974 | €12,143 | +€8,169 | +206% |
| Financial charges | 65/66B | €11,339 | €10,891 | -€448 | -4.0% |
| Recurring financial charges | 65 | €11,339 | €10,891 | -€448 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €260,435 | €261,498 | +€1,063 | +0.4% |
| Income taxes | 67/77 | €79,169 | €79,086 | -€83 | -0.1% |
| Profit (loss) for the period | 9904 | €181,266 | €182,412 | +€1,146 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €181,266 | €182,412 | +€1,146 | +0.6% |
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.