MO.KA: 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.KA
Largest movements
- Tangible fixed assets -€43,844
down €43,844 (-3.1%), from €1.4m to €1.4m
of which Land and buildings: -€42,356
- Debts after one year -€33,258
down €33,258 (-5.5%), from €601,906 to €568,648
- Other operating charges -€3,495
no longer reported in 2025 (was €3,495)
- Gross operating margin +€1,626
up €1,626 (+3.2%), from €51,084 to €52,710
- Depreciation +€876
up €876 (+1.9%), from €47,023 to €47,899
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 | €1,418,420 | €1,377,563 | -€40,857 | -2.9% |
| Fixed assets | 21/28 | €1,414,213 | €1,370,369 | -€43,844 | -3.1% |
| Tangible fixed assets | 22/27 | €1,414,213 | €1,370,369 | -€43,844 | -3.1% |
| Land and buildings | 22 | €1,409,201 | €1,366,845 | -€42,356 | -3.0% |
| Furniture and vehicles | 24 | €5,012 | €3,524 | -€1,488 | -29.7% |
| Current assets | 29/58 | €4,207 | €7,194 | +€2,987 | +71.0% |
| Cash at bank and in hand | 54/58 | €4,091 | €7,069 | +€2,978 | +72.8% |
| Deferred charges and accrued income | 490/1 | €116 | €125 | +€8 | +7.2% |
| Total equity and liabilities | 10/49 | €1,418,420 | €1,377,563 | -€40,857 | -2.9% |
| Equity | 10/15 | €23,105 | €15,024 | -€8,081 | -35.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,896 | -€234,977 | -€8,081 | -3.6% |
| Amounts payable | 17/49 | €1,395,316 | €1,362,540 | -€32,776 | -2.3% |
| Amounts payable after more than one year | 17 | €601,906 | €568,648 | -€33,258 | -5.5% |
| Financial debts | 170/4 | €601,906 | €568,648 | -€33,258 | -5.5% |
| Amounts payable within one year | 42/48 | €793,410 | €793,892 | +€482 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €32,776 | €33,258 | +€482 | +1.5% |
| Other amounts payable | 47/48 | €760,634 | €760,634 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,023 | €47,899 | +€876 | +1.9% |
| Other operating charges | 640/8 | €3,495 | - | -€3,495 | |
| Non-recurring operating charges | 66A | - | €3,606 | +€3,606 | |
| Gross operating margin | 9900 | €51,084 | €52,710 | +€1,626 | +3.2% |
| Operating profit (loss) | 9901 | €566 | €1,206 | +€640 | +113% |
| Financial charges | 65/66B | €9,784 | €9,287 | -€497 | -5.1% |
| Recurring financial charges | 65 | €9,784 | €9,287 | -€497 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,217 | -€8,081 | +€1,136 | +12.3% |
| Profit (loss) for the period | 9904 | -€9,217 | -€8,081 | +€1,136 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,217 | -€8,081 | +€1,136 | +12.3% |
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 19 October 2026 via checked.be.