Mo Construction: what changed
Two fiscal 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 Construction
Largest movements
- Deferred charges and accrued income +€86,326
up €86,326 (+93.4%), from €92,455 to €178,781
- Receivables within one year -€47,887
down €47,887 (-32.4%), from €147,890 to €100,003
of which Trade receivables: -€80,820
- Tangible fixed assets -€29,965
down €29,965 (-29.4%), from €102,087 to €72,122
of which Furniture and vehicles: -€19,453
- Cash +€8,410
up €8,410 (+25.9%), from €32,485 to €40,895
mainly Receivables within one year (+€47,887) and Trade debts (+€47,794)
- Trade debts +€47,794
up €47,794 (+206.8%), from €23,111 to €70,905
- Other debts -€20,656
down €20,656 (-88.2%), from €23,419 to €2,763
- Reserves +€17,187
up €17,187 (+7.7%), from €222,074 to €239,261
- Debts after one year -€16,947
down €16,947 (-75.5%), from €22,438 to €5,492
- Tax, wage and social debts -€11,070
down €11,070 (-15.6%), from €70,954 to €59,884
of which Taxes: -€11,098
- Gross operating margin -€88,261
down €88,261 (-28.5%), from €309,220 to €220,959
- Staff costs +€40,816
up €40,816 (+38.1%), from €106,998 to €147,814
- Taxes -€34,329
down €34,329 (-80.4%), from €42,684 to €8,355
- Other operating charges -€10,984
down €10,984 (-65.4%), from €16,803 to €5,820
- Financial charges -€3,244
down €3,244 (-94.0%), from €3,450 to €206
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.
Cash bridge derived
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 | €375,917 | €391,801 | +€15,884 | +4.2% |
| Fixed assets | 21/28 | €102,087 | €72,122 | -€29,965 | -29.4% |
| Tangible fixed assets | 22/27 | €102,087 | €72,122 | -€29,965 | -29.4% |
| Plant, machinery and equipment | 23 | €29,573 | €19,464 | -€10,109 | -34.2% |
| Furniture and vehicles | 24 | €69,415 | €49,962 | -€19,453 | -28.0% |
| Other tangible fixed assets | 26 | €3,099 | €2,696 | -€403 | -13.0% |
| Current assets | 29/58 | €273,830 | €319,679 | +€45,849 | +16.7% |
| Stocks and contracts in progress | 3 | €1,000 | - | -€1,000 | |
| Stocks | 30/36 | €1,000 | - | -€1,000 | |
| Amounts receivable within one year | 40/41 | €147,890 | €100,003 | -€47,887 | -32.4% |
| Trade receivables | 40 | €137,857 | €57,037 | -€80,820 | -58.6% |
| Other amounts receivable | 41 | €10,033 | €42,966 | +€32,933 | +328.2% |
| Cash at bank and in hand | 54/58 | €32,485 | €40,895 | +€8,410 | +25.9% |
| Deferred charges and accrued income | 490/1 | €92,455 | €178,781 | +€86,326 | +93.4% |
| Total equity and liabilities | 10/49 | €375,917 | €391,801 | +€15,884 | +4.2% |
| Equity | 10/15 | €195,715 | €212,902 | +€17,187 | +8.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €222,074 | €239,261 | +€17,187 | +7.7% |
| Distributable reserves | 133 | €222,074 | €239,261 | +€17,187 | +7.7% |
| Profit (loss) carried forward | 14 | -€28,859 | -€28,859 | = | 0.0% |
| Amounts payable | 17/49 | €180,202 | €178,899 | -€1,303 | -0.7% |
| Amounts payable after more than one year | 17 | €22,438 | €5,492 | -€16,947 | -75.5% |
| Financial debts | 170/4 | €22,438 | €5,492 | -€16,947 | -75.5% |
| Amounts payable within one year | 42/48 | €139,718 | €151,414 | +€11,696 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €22,234 | €17,862 | -€4,371 | -19.7% |
| Trade debts | 44 | €23,111 | €70,905 | +€47,794 | +206.8% |
| Suppliers | 440/4 | €23,111 | €70,905 | +€47,794 | +206.8% |
| Taxes, remuneration and social security | 45 | €70,954 | €59,884 | -€11,070 | -15.6% |
| Taxes | 450/3 | €62,137 | €51,039 | -€11,098 | -17.9% |
| Remuneration and social security | 454/9 | €8,817 | €8,845 | +€28 | +0.3% |
| Other amounts payable | 47/48 | €23,419 | €2,763 | -€20,656 | -88.2% |
| Accrued charges and deferred income | 492/3 | €18,046 | €21,994 | +€3,948 | +21.9% |
| Remuneration, social security and pensions | 62 | €106,998 | €147,814 | +€40,816 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,507 | €41,618 | +€1,111 | +2.7% |
| Other operating charges | 640/8 | €16,803 | €5,820 | -€10,984 | -65.4% |
| Gross operating margin | 9900 | €309,220 | €220,959 | -€88,261 | -28.5% |
| Operating profit (loss) | 9901 | €144,912 | €25,708 | -€119,204 | -82.3% |
| Financial income | 75/76B | €37 | €39 | +€3 | +7.5% |
| Recurring financial income | 75 | €37 | €39 | +€3 | +7.5% |
| Financial charges | 65/66B | €3,450 | €206 | -€3,244 | -94.0% |
| Recurring financial charges | 65 | €3,450 | €206 | -€3,244 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €141,499 | €25,542 | -€115,957 | -81.9% |
| Income taxes | 67/77 | €42,684 | €8,355 | -€34,329 | -80.4% |
| Profit (loss) for the period | 9904 | €98,815 | €17,187 | -€81,628 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €98,815 | €17,187 | -€81,628 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.