Mo.S: 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.S
Largest movements
- Cash +€37,462
up €37,462 (+54.3%), from €69,021 to €106,483
mainly Net result for the year (+€61,746) and Depreciation (+€26,858)
- Tangible fixed assets -€19,759
down €19,759 (-23.5%), from €83,981 to €64,222
of which Plant, machinery and equipment: -€14,485
- Receivables within one year -€7,948
down €7,948 (-9.7%), from €82,353 to €74,404
of which Other amounts receivable: -€16,290
- Other debts +€12,565
up €12,565 (+31.6%), from €39,718 to €52,284
- Reserves +€9,886
up €9,886 (+16.9%), from €58,573 to €68,459
- Trade debts -€6,494
down €6,494 (-33.1%), from €19,641 to €13,147
- Debts after one year -€5,257
down €5,257 (-92.1%), from €5,709 to €451
- Gross operating margin +€75,043
up €75,043 (+16.9%), from €442,801 to €517,844
- Staff costs +€29,862
up €29,862 (+8.2%), from €365,508 to €395,370
- Taxes +€8,496
up €8,496 (+59.1%), from €14,377 to €22,874
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 | €239,855 | €249,729 | +€9,875 | +4.1% |
| Fixed assets | 21/28 | €88,481 | €68,722 | -€19,759 | -22.3% |
| Tangible fixed assets | 22/27 | €83,981 | €64,222 | -€19,759 | -23.5% |
| Land and buildings | 22 | €7,408 | €4,925 | -€2,484 | -33.5% |
| Plant, machinery and equipment | 23 | €39,869 | €25,384 | -€14,485 | -36.3% |
| Furniture and vehicles | 24 | €21,834 | €14,044 | -€7,790 | -35.7% |
| Other tangible fixed assets | 26 | €14,869 | €19,869 | +€5,000 | +33.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €151,374 | €181,007 | +€29,633 | +19.6% |
| Amounts receivable within one year | 40/41 | €82,353 | €74,404 | -€7,948 | -9.7% |
| Trade receivables | 40 | €58,085 | €66,426 | +€8,342 | +14.4% |
| Other amounts receivable | 41 | €24,268 | €7,978 | -€16,290 | -67.1% |
| Cash at bank and in hand | 54/58 | €69,021 | €106,483 | +€37,462 | +54.3% |
| Deferred charges and accrued income | 490/1 | - | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €239,855 | €249,729 | +€9,875 | +4.1% |
| Equity | 10/15 | €77,173 | €87,059 | +€9,886 | +12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,573 | €68,459 | +€9,886 | +16.9% |
| Distributable reserves | 133 | €58,573 | €68,459 | +€9,886 | +16.9% |
| Amounts payable | 17/49 | €162,682 | €162,671 | -€12 | 0.0% |
| Amounts payable after more than one year | 17 | €5,709 | €451 | -€5,257 | -92.1% |
| Financial debts | 170/4 | €5,709 | €451 | -€5,257 | -92.1% |
| Amounts payable within one year | 42/48 | €156,974 | €162,219 | +€5,245 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €7,888 | €8,189 | +€301 | +3.8% |
| Trade debts | 44 | €19,641 | €13,147 | -€6,494 | -33.1% |
| Suppliers | 440/4 | €19,641 | €13,147 | -€6,494 | -33.1% |
| Taxes, remuneration and social security | 45 | €89,726 | €88,600 | -€1,126 | -1.3% |
| Taxes | 450/3 | €40,721 | €45,246 | +€4,525 | +11.1% |
| Remuneration and social security | 454/9 | €49,006 | €43,354 | -€5,651 | -11.5% |
| Other amounts payable | 47/48 | €39,718 | €52,284 | +€12,565 | +31.6% |
| Remuneration, social security and pensions | 62 | €365,508 | €395,370 | +€29,862 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,070 | €26,858 | -€212 | -0.8% |
| Other operating charges | 640/8 | €1,029 | €3,773 | +€2,744 | +267% |
| Gross operating margin | 9900 | €442,801 | €517,844 | +€75,043 | +16.9% |
| Operating profit (loss) | 9901 | €49,194 | €91,842 | +€42,648 | +86.7% |
| Financial income | 75/76B | €127 | €47 | -€80 | -62.9% |
| Recurring financial income | 75 | €127 | €47 | -€80 | -62.9% |
| Financial charges | 65/66B | €2,585 | €7,269 | +€4,685 | +181% |
| Recurring financial charges | 65 | €2,585 | €7,269 | +€4,685 | +181% |
| Profit (loss) for the period before taxes | 9903 | €46,736 | €84,620 | +€37,883 | +81.1% |
| Income taxes | 67/77 | €14,377 | €22,874 | +€8,496 | +59.1% |
| Profit (loss) for the period | 9904 | €32,359 | €61,746 | +€29,387 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,359 | €61,746 | +€29,387 | +90.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.