MO & Co: 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.
MO & Co
Largest movements
- Tangible fixed assets -€27,207
down €27,207 (-35.5%), from €76,610 to €49,403
of which Furniture and vehicles: -€19,718
- Current investments -€17,820
no longer reported in 2025 (was €17,820)
- Receivables within one year +€10,583
up €10,583 (+87.4%), from €12,107 to €22,691
of which Other amounts receivable: +€11,578
- Cash +€7,458
new in 2025: €7,458
mainly Depreciation (+€27,207) and Current investments (+€17,820)
- Tax, wage and social debts -€16,741
down €16,741 (-53.0%), from €31,595 to €14,854
of which Taxes: -€15,926
- Short-term financial debts -€12,355
down €12,355 (-90.7%), from €13,625 to €1,270
- Profit (loss) carried forward +€4,533
up €4,533 (+17.1%), from €26,431 to €30,964
- Trade debts -€2,424
down €2,424 (-60.5%), from €4,008 to €1,584
- Staff costs +€45,265
up €45,265 (+129%), from €35,129 to €80,394
- Taxes -€17,310
down €17,310 (-89.0%), from €19,450 to €2,140
- Gross operating margin +€8,159
up €8,159 (+6.9%), from €117,940 to €126,099
- Depreciation +€5,088
up €5,088 (+23.0%), from €22,119 to €27,207
- Financial income -€2,681
down €2,681 (-93.2%), from €2,877 to €196
of which Non-recurring financial income: -€2,824
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 | €114,537 | €87,551 | -€26,986 | -23.6% |
| Fixed assets | 21/28 | €84,610 | €57,403 | -€27,207 | -32.2% |
| Tangible fixed assets | 22/27 | €76,610 | €49,403 | -€27,207 | -35.5% |
| Land and buildings | 22 | €1,807 | €1,506 | -€301 | -16.7% |
| Plant, machinery and equipment | 23 | €14,025 | €6,837 | -€7,188 | -51.3% |
| Furniture and vehicles | 24 | €60,778 | €41,060 | -€19,718 | -32.4% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €29,927 | €30,148 | +€221 | +0.7% |
| Amounts receivable within one year | 40/41 | €12,107 | €22,691 | +€10,583 | +87.4% |
| Trade receivables | 40 | €994 | - | -€994 | |
| Other amounts receivable | 41 | €11,113 | €22,691 | +€11,578 | +104% |
| Current investments | 50/53 | €17,820 | - | -€17,820 | |
| Cash at bank and in hand | 54/58 | - | €7,458 | +€7,458 | |
| Total equity and liabilities | 10/49 | €114,537 | €87,551 | -€26,986 | -23.6% |
| Equity | 10/15 | €62,842 | €67,375 | +€4,533 | +7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,211 | €30,211 | = | 0.0% |
| Distributable reserves | 133 | €30,211 | €30,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,431 | €30,964 | +€4,533 | +17.1% |
| Amounts payable | 17/49 | €51,695 | €20,176 | -€31,519 | -61.0% |
| Amounts payable within one year | 42/48 | €49,229 | €17,709 | -€31,520 | -64.0% |
| Financial debts | 43 | €13,625 | €1,270 | -€12,355 | -90.7% |
| Other loans | 439 | €13,625 | €1,270 | -€12,355 | -90.7% |
| Trade debts | 44 | €4,008 | €1,584 | -€2,424 | -60.5% |
| Suppliers | 440/4 | €4,008 | €1,584 | -€2,424 | -60.5% |
| Taxes, remuneration and social security | 45 | €31,595 | €14,854 | -€16,741 | -53.0% |
| Taxes | 450/3 | €30,780 | €14,854 | -€15,926 | -51.7% |
| Remuneration and social security | 454/9 | €815 | - | -€815 | |
| Accrued charges and deferred income | 492/3 | €2,466 | €2,467 | +€1 | +0.1% |
| Remuneration, social security and pensions | 62 | €35,129 | €80,394 | +€45,265 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,119 | €27,207 | +€5,088 | +23.0% |
| Other operating charges | 640/8 | €3,684 | €1,866 | -€1,818 | -49.3% |
| Gross operating margin | 9900 | €117,940 | €126,099 | +€8,159 | +6.9% |
| Operating profit (loss) | 9901 | €57,008 | €16,632 | -€40,376 | -70.8% |
| Financial income | 75/76B | €2,877 | €196 | -€2,681 | -93.2% |
| Recurring financial income | 75 | €53 | €196 | +€143 | +270% |
| Non-recurring financial income | 76B | €2,824 | - | -€2,824 | |
| Financial charges | 65/66B | €10,317 | €10,156 | -€162 | -1.6% |
| Recurring financial charges | 65 | €9,067 | €10,156 | +€1,088 | +12.0% |
| Non-recurring financial charges | 66B | €1,250 | - | -€1,250 | |
| Profit (loss) for the period before taxes | 9903 | €49,568 | €6,672 | -€42,896 | -86.5% |
| Income taxes | 67/77 | €19,450 | €2,140 | -€17,310 | -89.0% |
| Profit (loss) for the period | 9904 | €30,118 | €4,533 | -€25,585 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,118 | €4,533 | -€25,585 | -84.9% |
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 13 October 2026 via checked.be.