M.O.S.A.: 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.S.A.
Largest movements
- Tangible fixed assets -€17,130
no longer reported in 2025 (was €17,130)
- Financial fixed assets +€3,334
up €3,334 (+13.3%), from €25,000 to €28,334
- Receivables within one year -€2,686
down €2,686 (-21.2%), from €12,694 to €10,009
of which Trade receivables: -€2,800
- Cash +€2,364
new in 2025: €2,364
mainly Net result for the year (+€14,459) and Investment in fixed assets (net) (+€13,796)
- Profit (loss) carried forward +€14,459
up €14,459, from -€11,107 to €3,352
- Other debts -€12,083
down €12,083 (-26.9%), from €44,867 to €32,784
- Debts after one year -€9,930
no longer reported in 2025 (was €9,930)
- Current portion of long-term debt -€7,795
no longer reported in 2025 (was €7,795)
- Tax, wage and social debts +€1,278
up €1,278 (+437%), from €293 to €1,571
- Gross operating margin +€15,532
up €15,532 (+1,230%), from €1,262 to €16,794
- Depreciation -€7,700
no longer reported in 2025 (was €7,700)
- Taxes +€1,563
new in 2025: €1,563
- Financial charges -€201
down €201 (-35.8%), from €561 to €360
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 | €55,245 | €40,706 | -€14,539 | -26.3% |
| Fixed assets | 21/28 | €42,130 | €28,334 | -€13,796 | -32.7% |
| Tangible fixed assets | 22/27 | €17,130 | - | -€17,130 | |
| Furniture and vehicles | 24 | €17,130 | - | -€17,130 | |
| Financial fixed assets | 28 | €25,000 | €28,334 | +€3,334 | +13.3% |
| Current assets | 29/58 | €13,116 | €12,373 | -€743 | -5.7% |
| Amounts receivable within one year | 40/41 | €12,694 | €10,009 | -€2,686 | -21.2% |
| Trade receivables | 40 | €5,800 | €3,000 | -€2,800 | -48.3% |
| Other amounts receivable | 41 | €6,894 | €7,009 | +€114 | +1.7% |
| Cash at bank and in hand | 54/58 | - | €2,364 | +€2,364 | |
| Deferred charges and accrued income | 490/1 | €421 | - | -€421 | |
| Total equity and liabilities | 10/49 | €55,245 | €40,706 | -€14,539 | -26.3% |
| Equity | 10/15 | -€8,107 | €6,352 | +€14,459 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,107 | €3,352 | +€14,459 | |
| Amounts payable | 17/49 | €63,352 | €34,355 | -€28,998 | -45.8% |
| Amounts payable after more than one year | 17 | €9,930 | - | -€9,930 | |
| Financial debts | 170/4 | €9,930 | - | -€9,930 | |
| Amounts payable within one year | 42/48 | €53,422 | €34,355 | -€19,068 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €7,795 | - | -€7,795 | |
| Financial debts | 43 | €468 | - | -€468 | |
| Credit institutions | 430/8 | €468 | - | -€468 | |
| Taxes, remuneration and social security | 45 | €293 | €1,571 | +€1,278 | +437% |
| Taxes | 450/3 | €293 | €1,571 | +€1,278 | +437% |
| Other amounts payable | 47/48 | €44,867 | €32,784 | -€12,083 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,700 | - | -€7,700 | |
| Other operating charges | 640/8 | €536 | €412 | -€124 | -23.1% |
| Gross operating margin | 9900 | €1,262 | €16,794 | +€15,532 | +1,230% |
| Operating profit (loss) | 9901 | -€6,974 | €16,382 | +€23,356 | |
| Financial charges | 65/66B | €561 | €360 | -€201 | -35.8% |
| Recurring financial charges | 65 | €561 | €360 | -€201 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,535 | €16,022 | +€23,557 | |
| Income taxes | 67/77 | - | €1,563 | +€1,563 | |
| Profit (loss) for the period | 9904 | -€7,535 | €14,459 | +€21,994 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,535 | €14,459 | +€21,994 |
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 21 October 2026 via checked.be.