MO KA: 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 KA
Largest movements
- Receivables within one year -€342,939
down €342,939 (-50.3%), from €682,138 to €339,199
of which Trade receivables: -€331,732
- Cash -€112,569
down €112,569 (-56.0%), from €201,110 to €88,541
mainly Trade debts (-€249,369) and Net result for the year (-€128,150)
- Financial fixed assets -€18,000
down €18,000 (-99.7%), from €18,050 to €50
- Trade debts -€249,369
down €249,369 (-80.9%), from €308,241 to €58,872
- Other debts -€120,269
down €120,269 (-38.6%), from €311,480 to €191,211
- Reserves -€117,158
down €117,158 (-57.1%), from €205,004 to €87,846
of which Tax-exempt reserves: -€205,004
- Tax, wage and social debts +€21,130
up €21,130 (+34.6%), from €60,995 to €82,124
of which Taxes: +€22,153
- Profit (loss) carried forward -€10,992
down €10,992 (-100.0%), from €10,992 to €0
- Gross operating margin -€195,078
down €195,078 (-61.6%), from €316,626 to €121,548
- Taxes -€9,010
down €9,010 (-100.0%), from €9,010 to €0
- Financial income +€6,927
up €6,927 (+11583.2%), from €60 to €6,987
- Staff costs -€5,252
down €5,252 (-2.2%), from €242,570 to €237,318
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 | €917,117 | €440,458 | -€476,659 | -52.0% |
| Fixed assets | 21/28 | €30,828 | €9,416 | -€21,412 | -69.5% |
| Intangible fixed assets | 21 | €7,782 | €0 | -€7,782 | -100.0% |
| Tangible fixed assets | 22/27 | €4,996 | €9,366 | +€4,370 | +87.5% |
| Furniture and vehicles | 24 | €4,996 | €5,361 | +€364 | +7.3% |
| Other tangible fixed assets | 26 | - | €4,005 | +€4,005 | |
| Financial fixed assets | 28 | €18,050 | €50 | -€18,000 | -99.7% |
| Current assets | 29/58 | €886,289 | €431,042 | -€455,247 | -51.4% |
| Amounts receivable within one year | 40/41 | €682,138 | €339,199 | -€342,939 | -50.3% |
| Trade receivables | 40 | €670,931 | €339,199 | -€331,732 | -49.4% |
| Other amounts receivable | 41 | €11,207 | €0 | -€11,207 | -100.0% |
| Cash at bank and in hand | 54/58 | €201,110 | €88,541 | -€112,569 | -56.0% |
| Deferred charges and accrued income | 490/1 | €3,040 | €3,301 | +€261 | +8.6% |
| Total equity and liabilities | 10/49 | €917,117 | €440,458 | -€476,659 | -52.0% |
| Equity | 10/15 | €236,401 | €108,251 | -€128,150 | -54.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €205,004 | €87,846 | -€117,158 | -57.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €205,004 | €0 | -€205,004 | -100.0% |
| Distributable reserves | 133 | - | €87,846 | +€87,846 | |
| Profit (loss) carried forward | 14 | €10,992 | €0 | -€10,992 | -100.0% |
| Amounts payable | 17/49 | €680,716 | €332,207 | -€348,509 | -51.2% |
| Amounts payable within one year | 42/48 | €680,716 | €332,207 | -€348,509 | -51.2% |
| Trade debts | 44 | €308,241 | €58,872 | -€249,369 | -80.9% |
| Suppliers | 440/4 | €308,241 | €58,872 | -€249,369 | -80.9% |
| Taxes, remuneration and social security | 45 | €60,995 | €82,124 | +€21,130 | +34.6% |
| Taxes | 450/3 | €8,064 | €30,217 | +€22,153 | +274.7% |
| Remuneration and social security | 454/9 | €52,931 | €51,908 | -€1,024 | -1.9% |
| Other amounts payable | 47/48 | €311,480 | €191,211 | -€120,269 | -38.6% |
| Remuneration, social security and pensions | 62 | €242,570 | €237,318 | -€5,252 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,744 | €15,674 | +€930 | +6.3% |
| Other operating charges | 640/8 | €3,538 | €2,158 | -€1,379 | -39.0% |
| Non-recurring operating charges | 66A | €2,826 | €0 | -€2,826 | -100.0% |
| Gross operating margin | 9900 | €316,626 | €121,548 | -€195,078 | -61.6% |
| Operating profit (loss) | 9901 | €52,948 | -€133,602 | -€186,550 | |
| Financial income | 75/76B | €60 | €6,987 | +€6,927 | +11583.2% |
| Recurring financial income | 75 | €60 | €6,987 | +€6,927 | +11583.2% |
| Financial charges | 65/66B | €2,417 | €1,535 | -€882 | -36.5% |
| Recurring financial charges | 65 | €2,417 | €1,535 | -€882 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €50,591 | -€128,150 | -€178,741 | |
| Income taxes | 67/77 | €9,010 | €0 | -€9,010 | -100.0% |
| Profit (loss) for the period | 9904 | €41,581 | -€128,150 | -€169,731 | |
| Transfer from tax-exempt reserves | 789 | - | €205,004 | +€205,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,581 | €76,854 | +€35,273 | +84.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.