MOA: 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.
MOA
Largest movements
- Tangible fixed assets -€24,721
down €24,721 (-5.4%), from €456,426 to €431,705
- Other debts -€22,047
down €22,047 (-4.8%), from €459,853 to €437,806
- Gross operating margin +€6,614
up €6,614 (+32.1%), from €20,632 to €27,246
- Other operating charges +€4,035
up €4,035 (+1041.8%), from €387 to €4,423
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 | €456,433 | €432,219 | -€24,214 | -5.3% |
| Fixed assets | 21/28 | €456,426 | €431,705 | -€24,721 | -5.4% |
| Tangible fixed assets | 22/27 | €456,426 | €431,705 | -€24,721 | -5.4% |
| Land and buildings | 22 | €456,426 | €431,705 | -€24,721 | -5.4% |
| Current assets | 29/58 | €7 | €514 | +€507 | +7021.9% |
| Cash at bank and in hand | 54/58 | €7 | €514 | +€507 | +7021.9% |
| Total equity and liabilities | 10/49 | €456,433 | €432,219 | -€24,214 | -5.3% |
| Equity | 10/15 | -€3,726 | -€5,848 | -€2,122 | -57.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,826 | -€5,948 | -€2,122 | -55.5% |
| Amounts payable | 17/49 | €460,159 | €438,067 | -€22,092 | -4.8% |
| Amounts payable within one year | 42/48 | €460,159 | €438,067 | -€22,092 | -4.8% |
| Taxes, remuneration and social security | 45 | €306 | €261 | -€45 | -14.7% |
| Taxes | 450/3 | €306 | €261 | -€45 | -14.7% |
| Other amounts payable | 47/48 | €459,853 | €437,806 | -€22,047 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,721 | €24,721 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €4,423 | +€4,035 | +1041.8% |
| Gross operating margin | 9900 | €20,632 | €27,246 | +€6,614 | +32.1% |
| Operating profit (loss) | 9901 | -€4,477 | -€1,898 | +€2,579 | +57.6% |
| Financial charges | 65/66B | €201 | €224 | +€23 | +11.4% |
| Recurring financial charges | 65 | €201 | €224 | +€23 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,678 | -€2,122 | +€2,556 | +54.6% |
| Income taxes | 67/77 | €213 | - | -€213 | |
| Profit (loss) for the period | 9904 | -€4,891 | -€2,122 | +€2,769 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,891 | -€2,122 | +€2,769 | +56.6% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.