MO-INVEST: what changed
What changed
MO-INVEST
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
filed annual accounts (NBB)
Net result for the year
-€5,162
2024 · -€33,210+€28,048
Equity
€515,787
2024 · €520,949-€5,162
Cash
€12,084
2024 · €5,340+€6,743
Balance sheet total
€788,241
2024 · €814,406-€26,164
Largest movements
Assets
- Receivables after one year -€40,000
down €40,000 (-56.5%), from €70,825 to €30,825
- Receivables within one year +€27,112
up €27,112 (+12.4%), from €218,698 to €245,809
of which Other amounts receivable: +€45,569
- Tangible fixed assets -€20,357
down €20,357 (-3.9%), from €519,542 to €499,185
of which Land and buildings: -€20,488
Equity and liabilities
- Debts after one year -€14,113
down €14,113 (-5.3%), from €268,690 to €254,577
Income statement
- Financial charges -€7,844
down €7,844 (-38.6%), from €20,324 to €12,480
- Gross operating margin +€7,346
up €7,346 (+41.2%), from €17,815 to €25,161
- Depreciation -€5,546
down €5,546 (-20.5%), from €27,028 to €21,481
- Taxes -€4,100
down €4,100 (-100%), from €4,100 to €0
- Write-downs -€1,912
down €1,912 (-100%), from €1,912 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€33,210
Gross operating margin
+€7,346
Staff costs
+€82
Depreciation
+€5,546
Write-downs
+€1,912
Other operating charges
+€966
Financial income
+€251
Financial charges
+€7,844
Taxes
+€4,100
Result 2025
-€5,162
raises the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€19,177
Investment
-€1,124
Financing
-€11,310
Cash 2024
€5,340
From operations (derived)
+€19,177
Net result for the year
-€5,162
Depreciation
+€21,481
Receivables after one year
+€40,000
Receivables within one year
-€27,112
Deferred charges and accrued income
-€338
Trade debts
-€5,461
Tax, wage and social debts
-€3,844
Accrued charges and deferred income
-€387
Investment (derived)
-€1,124
Investment in fixed assets (net)
-€1,124
Financing
-€11,310
Debts after one year
-€14,113
Current portion of long-term debt
+€2,803
Cash 2025
€12,084
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €814,406 | €788,241 | -€26,164 | -3.2% |
| Fixed assets | 21/28 | €519,542 | €499,185 | -€20,357 | -3.9% |
| Tangible fixed assets | 22/27 | €519,542 | €499,185 | -€20,357 | -3.9% |
| Land and buildings | 22 | €517,839 | €497,350 | -€20,488 | -4.0% |
| Furniture and vehicles | 24 | €1,704 | €1,834 | +€131 | +7.7% |
| Current assets | 29/58 | €294,863 | €289,057 | -€5,807 | -2.0% |
| Amounts receivable after more than one year | 29 | €70,825 | €30,825 | -€40,000 | -56.5% |
| Other amounts receivable | 291 | €70,825 | €30,825 | -€40,000 | -56.5% |
| Amounts receivable within one year | 40/41 | €218,698 | €245,809 | +€27,112 | +12.4% |
| Trade receivables | 40 | €30,805 | €12,348 | -€18,457 | -59.9% |
| Other amounts receivable | 41 | €187,893 | €233,462 | +€45,569 | +24.3% |
| Cash at bank and in hand | 54/58 | €5,340 | €12,084 | +€6,743 | +126% |
| Deferred charges and accrued income | 490/1 | - | €338 | +€338 | |
| Total equity and liabilities | 10/49 | €814,406 | €788,241 | -€26,164 | -3.2% |
| Equity | 10/15 | €520,949 | €515,787 | -€5,162 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,349 | €247,187 | -€5,162 | -2.0% |
| Amounts payable | 17/49 | €293,456 | €272,454 | -€21,002 | -7.2% |
| Amounts payable after more than one year | 17 | €268,690 | €254,577 | -€14,113 | -5.3% |
| Financial debts | 170/4 | €268,690 | €254,577 | -€14,113 | -5.3% |
| Amounts payable within one year | 42/48 | €24,379 | €17,878 | -€6,502 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €11,310 | €14,113 | +€2,803 | +24.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,047 | €1,586 | -€5,461 | -77.5% |
| Suppliers | 440/4 | €7,047 | €1,586 | -€5,461 | -77.5% |
| Taxes, remuneration and social security | 45 | €6,022 | €2,179 | -€3,844 | -63.8% |
| Taxes | 450/3 | €6,022 | €2,179 | -€3,844 | -63.8% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €82 | €0 | -€82 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,028 | €21,481 | -€5,546 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,912 | €0 | -€1,912 | -100% |
| Other operating charges | 640/8 | €3,287 | €2,321 | -€966 | -29.4% |
| Gross operating margin | 9900 | €17,815 | €25,161 | +€7,346 | +41.2% |
| Operating profit (loss) | 9901 | -€14,493 | €1,359 | +€15,852 | |
| Financial income | 75/76B | €5,708 | €5,959 | +€251 | +4.4% |
| Recurring financial income | 75 | €5,708 | €5,959 | +€251 | +4.4% |
| Financial charges | 65/66B | €20,324 | €12,480 | -€7,844 | -38.6% |
| Recurring financial charges | 65 | €20,324 | €12,480 | -€7,844 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,110 | -€5,162 | +€23,947 | +82.3% |
| Income taxes | 67/77 | €4,100 | €0 | -€4,100 | -100% |
| Profit (loss) for the period | 9904 | -€33,210 | -€5,162 | +€28,048 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,210 | -€5,162 | +€28,048 | +84.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.