MO2 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.
MO2 Invest
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+42.3%), from €3.8m to €5.4m
- Other debts +€1.4m
up €1.4m (+85.0%), from €1.6m to €3.0m
- Trade debts +€435,371
up €435,371 (+752%), from €57,923 to €493,295
- Profit (loss) carried forward -€133,616
down €133,616 (-24.6%), from -€542,106 to -€675,722
- Financial charges -€11,184
down €11,184 (-9.6%), from €116,369 to €105,185
- Gross operating margin +€7,615
up €7,615 (+21.9%), from -€34,828 to -€27,213
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 | €3,881,817 | €5,543,572 | +€1.7m | +42.8% |
| Fixed assets | 21/28 | €9,800 | €9,800 | = | 0.0% |
| Financial fixed assets | 28 | €9,800 | €9,800 | = | 0.0% |
| Current assets | 29/58 | €3,872,017 | €5,533,772 | +€1.7m | +42.9% |
| Stocks and contracts in progress | 3 | €3,788,955 | €5,389,949 | +€1.6m | +42.3% |
| Stocks | 30/36 | €3,788,955 | €5,389,949 | +€1.6m | +42.3% |
| Amounts receivable within one year | 40/41 | €7,612 | €8,313 | +€700 | +9.2% |
| Other amounts receivable | 41 | €7,612 | €8,313 | +€700 | +9.2% |
| Cash at bank and in hand | 54/58 | €74,769 | €127,419 | +€52,650 | +70.4% |
| Deferred charges and accrued income | 490/1 | €681 | €8,092 | +€7,411 | +1,088% |
| Total equity and liabilities | 10/49 | €3,881,817 | €5,543,572 | +€1.7m | +42.8% |
| Equity | 10/15 | -€526,106 | -€659,722 | -€133,616 | -25.4% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€542,106 | -€675,722 | -€133,616 | -24.6% |
| Amounts payable | 17/49 | €4,407,923 | €6,203,295 | +€1.8m | +40.7% |
| Amounts payable after more than one year | 17 | €2,750,000 | €2,750,000 | = | 0.0% |
| Financial debts | 170/4 | €2,750,000 | €2,750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,657,923 | €3,453,295 | +€1.8m | +108% |
| Trade debts | 44 | €57,923 | €493,295 | +€435,371 | +752% |
| Suppliers | 440/4 | €57,923 | €493,295 | +€435,371 | +752% |
| Other amounts payable | 47/48 | €1,600,000 | €2,960,000 | +€1.4m | +85.0% |
| Other operating charges | 640/8 | €1,188 | €1,218 | +€31 | +2.6% |
| Gross operating margin | 9900 | -€34,828 | -€27,213 | +€7,615 | +21.9% |
| Operating profit (loss) | 9901 | -€36,015 | -€28,432 | +€7,584 | +21.1% |
| Financial charges | 65/66B | €116,369 | €105,185 | -€11,184 | -9.6% |
| Recurring financial charges | 65 | €116,369 | €105,185 | -€11,184 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€152,384 | -€133,616 | +€18,768 | +12.3% |
| Profit (loss) for the period | 9904 | -€152,384 | -€133,616 | +€18,768 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€152,384 | -€133,616 | +€18,768 | +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 1 November 2026 via checked.be.