Mo Works: 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 Works
Largest movements
- Receivables within one year +€37,340
up €37,340 (+95.4%), from €39,140 to €76,480
of which Other amounts receivable: +€43,749
- Cash +€14,928
up €14,928 (+57.8%), from €25,818 to €40,746
mainly Other debts (+€103,593) and Net result for the year (+€77,723)
- Tangible fixed assets +€5,652
up €5,652 (+57.8%), from €9,781 to €15,433
of which Plant, machinery and equipment: +€4,479
- Other debts +€103,593
up €103,593 (+6706.1%), from €1,545 to €105,137
- Reserves -€45,968
down €45,968 (-90.6%), from €50,747 to €4,779
- Advances received +€15,352
new in 2025: €15,352
- Trade debts -€11,171
down €11,171 (-96.7%), from €11,555 to €383
- Tax, wage and social debts -€4,365
down €4,365 (-46.6%), from €9,374 to €5,008
- Gross operating margin +€84,184
up €84,184 (+154.2%), from €54,600 to €138,784
- Taxes +€15,571
up €15,571 (+236.3%), from €6,589 to €22,160
- Staff costs +€8,553
up €8,553 (+41.6%), from €20,581 to €29,135
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 | €75,220 | €132,660 | +€57,440 | +76.4% |
| Fixed assets | 21/28 | €9,781 | €15,433 | +€5,652 | +57.8% |
| Tangible fixed assets | 22/27 | €9,781 | €15,433 | +€5,652 | +57.8% |
| Plant, machinery and equipment | 23 | €545 | €5,024 | +€4,479 | +822.5% |
| Furniture and vehicles | 24 | €9,237 | €10,410 | +€1,173 | +12.7% |
| Current assets | 29/58 | €65,439 | €117,227 | +€51,788 | +79.1% |
| Amounts receivable within one year | 40/41 | €39,140 | €76,480 | +€37,340 | +95.4% |
| Trade receivables | 40 | €35,217 | €28,808 | -€6,409 | -18.2% |
| Other amounts receivable | 41 | €3,923 | €47,672 | +€43,749 | +1115.1% |
| Cash at bank and in hand | 54/58 | €25,818 | €40,746 | +€14,928 | +57.8% |
| Deferred charges and accrued income | 490/1 | €481 | €0 | -€481 | -100.0% |
| Total equity and liabilities | 10/49 | €75,220 | €132,660 | +€57,440 | +76.4% |
| Equity | 10/15 | €52,747 | €6,779 | -€45,968 | -87.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €50,747 | €4,779 | -€45,968 | -90.6% |
| Distributable reserves | 133 | €50,747 | €4,779 | -€45,968 | -90.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,473 | €125,881 | +€103,408 | +460.1% |
| Amounts payable within one year | 42/48 | €22,473 | €125,881 | +€103,408 | +460.1% |
| Trade debts | 44 | €11,555 | €383 | -€11,171 | -96.7% |
| Suppliers | 440/4 | €11,555 | €383 | -€11,171 | -96.7% |
| Advances received on contracts in progress | 46 | - | €15,352 | +€15,352 | |
| Taxes, remuneration and social security | 45 | €9,374 | €5,008 | -€4,365 | -46.6% |
| Taxes | 450/3 | €9,374 | €5,008 | -€4,365 | -46.6% |
| Other amounts payable | 47/48 | €1,545 | €105,137 | +€103,593 | +6706.1% |
| Remuneration, social security and pensions | 62 | €20,581 | €29,135 | +€8,553 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,280 | €9,100 | -€1,179 | -11.5% |
| Other operating charges | 640/8 | €186 | €195 | +€9 | +4.9% |
| Gross operating margin | 9900 | €54,600 | €138,784 | +€84,184 | +154.2% |
| Operating profit (loss) | 9901 | €23,553 | €100,354 | +€76,801 | +326.1% |
| Financial income | 75/76B | €469 | €714 | +€245 | +52.3% |
| Recurring financial income | 75 | €469 | €714 | +€245 | +52.3% |
| Non-recurring financial income | 76B | €469 | €714 | +€245 | +52.3% |
| Financial charges | 65/66B | €284 | €1,185 | +€901 | +317.9% |
| Recurring financial charges | 65 | €284 | €1,185 | +€901 | +317.9% |
| Profit (loss) for the period before taxes | 9903 | €23,738 | €99,883 | +€76,145 | +320.8% |
| Income taxes | 67/77 | €6,589 | €22,160 | +€15,571 | +236.3% |
| Profit (loss) for the period | 9904 | €17,149 | €77,723 | +€60,574 | +353.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,149 | €77,723 | +€60,574 | +353.2% |
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 9 October 2026 via checked.be.