MO INVEST: 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 INVEST
Largest movements
- Cash +€15,020
up €15,020 (+610%), from €2,460 to €17,481
mainly Net result for the year (+€84,914) and Receivables within one year (+€12,100)
- Receivables within one year -€12,100
down €12,100 (-100%), from €12,100 to €0
- Tangible fixed assets -€11,462
down €11,462 (-36.4%), from €31,477 to €20,015
- Reserves +€82,520
new in 2025: €82,520
- Debts after one year -€67,420
down €67,420 (-18.8%), from €357,968 to €290,548
of which Financial debts: -€37,420
- Other debts -€40,698
down €40,698 (-98.0%), from €41,531 to €833
- Tax, wage and social debts +€11,633
up €11,633 (+124%), from €9,371 to €21,004
- Financial income +€79,956
up €79,956 (+181,718%), from €44 to €80,000
- Gross operating margin +€30,408
up €30,408 (+258%), from €11,790 to €42,198
- Taxes +€11,679
up €11,679 (+27,370%), from €43 to €11,722
- Depreciation +€8,549
up €8,549 (+294%), from €2,912 to €11,462
- Financial charges +€3,535
up €3,535 (+34.4%), from €10,278 to €13,813
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 | €449,037 | €440,496 | -€8,541 | -1.9% |
| Fixed assets | 21/28 | €434,477 | €423,015 | -€11,462 | -2.6% |
| Tangible fixed assets | 22/27 | €31,477 | €20,015 | -€11,462 | -36.4% |
| Furniture and vehicles | 24 | €31,477 | €20,015 | -€11,462 | -36.4% |
| Financial fixed assets | 28 | €403,000 | €403,000 | = | 0.0% |
| Current assets | 29/58 | €14,560 | €17,481 | +€2,920 | +20.1% |
| Amounts receivable within one year | 40/41 | €12,100 | €0 | -€12,100 | -100% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Cash at bank and in hand | 54/58 | €2,460 | €17,481 | +€15,020 | +610% |
| Total equity and liabilities | 10/49 | €449,037 | €440,496 | -€8,541 | -1.9% |
| Equity | 10/15 | €1,439 | €85,520 | +€84,081 | +5,845% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €82,520 | +€82,520 | |
| Distributable reserves | 133 | - | €82,520 | +€82,520 | |
| Profit (loss) carried forward | 14 | -€1,561 | €0 | +€1,561 | |
| Amounts payable | 17/49 | €447,599 | €354,976 | -€92,623 | -20.7% |
| Amounts payable after more than one year | 17 | €357,968 | €290,548 | -€67,420 | -18.8% |
| Financial debts | 170/4 | €237,968 | €200,548 | -€37,420 | -15.7% |
| Other amounts payable | 178/9 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Amounts payable within one year | 42/48 | €87,930 | €60,075 | -€27,855 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €36,132 | €37,420 | +€1,288 | +3.6% |
| Trade debts | 44 | €897 | €819 | -€78 | -8.7% |
| Suppliers | 440/4 | €897 | €819 | -€78 | -8.7% |
| Taxes, remuneration and social security | 45 | €9,371 | €21,004 | +€11,633 | +124% |
| Taxes | 450/3 | €9,371 | €21,004 | +€11,633 | +124% |
| Other amounts payable | 47/48 | €41,531 | €833 | -€40,698 | -98.0% |
| Accrued charges and deferred income | 492/3 | €1,700 | €4,352 | +€2,652 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €11,462 | +€8,549 | +294% |
| Other operating charges | 640/8 | €162 | €287 | +€125 | +76.9% |
| Gross operating margin | 9900 | €11,790 | €42,198 | +€30,408 | +258% |
| Operating profit (loss) | 9901 | €8,715 | €30,449 | +€21,734 | +249% |
| Financial income | 75/76B | €44 | €80,000 | +€79,956 | +181,718% |
| Recurring financial income | 75 | €44 | €80,000 | +€79,956 | +181,718% |
| Financial charges | 65/66B | €10,278 | €13,813 | +€3,535 | +34.4% |
| Recurring financial charges | 65 | €10,278 | €13,813 | +€3,535 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,519 | €96,636 | +€98,155 | |
| Income taxes | 67/77 | €43 | €11,722 | +€11,679 | +27,370% |
| Profit (loss) for the period | 9904 | -€1,561 | €84,914 | +€86,476 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,561 | €84,914 | +€86,476 |
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.