MoAc Global: 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.
MoAc Global
Largest movements
- Intangible fixed assets -€7,774
down €7,774 (-91.8%), from €8,467 to €693
- Stocks and contracts +€3,846
up €3,846 (+30.3%), from €12,682 to €16,528
- Receivables within one year -€1,220
down €1,220 (-57.6%), from €2,119 to €900
of which Trade receivables: -€956
- Formation expenses -€880
down €880 (-93.8%), from €937 to €58
- Cash +€357
up €357 (+62.6%), from €570 to €928
mainly Depreciation (+€8,653) and Other debts (+€7,200)
- Profit (loss) carried forward -€15,467
down €15,467 (-16.6%), from -€93,120 to -€108,586
- Other debts +€7,200
up €7,200 (+44.9%), from €16,048 to €23,248
- Trade debts +€2,728
up €2,728 (+160.1%), from €1,704 to €4,431
- Gross operating margin +€3,773
up €3,773 (+36.4%), from -€10,378 to -€6,605
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 | €24,776 | €19,124 | -€5,653 | -22.8% |
| Formation expenses | 20 | €937 | €58 | -€880 | -93.8% |
| Fixed assets | 21/28 | €8,467 | €693 | -€7,774 | -91.8% |
| Intangible fixed assets | 21 | €8,467 | €693 | -€7,774 | -91.8% |
| Current assets | 29/58 | €15,372 | €18,372 | +€3,000 | +19.5% |
| Stocks and contracts in progress | 3 | €12,682 | €16,528 | +€3,846 | +30.3% |
| Stocks | 30/36 | €12,682 | €16,528 | +€3,846 | +30.3% |
| Amounts receivable within one year | 40/41 | €2,119 | €900 | -€1,220 | -57.6% |
| Trade receivables | 40 | €1,752 | €796 | -€956 | -54.6% |
| Other amounts receivable | 41 | €368 | €104 | -€264 | -71.8% |
| Cash at bank and in hand | 54/58 | €570 | €928 | +€357 | +62.6% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €24,776 | €19,124 | -€5,653 | -22.8% |
| Equity | 10/15 | €6,880 | -€8,586 | -€15,467 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,120 | -€108,586 | -€15,467 | -16.6% |
| Amounts payable | 17/49 | €17,896 | €27,710 | +€9,814 | +54.8% |
| Amounts payable within one year | 42/48 | €17,896 | €27,710 | +€9,814 | +54.8% |
| Trade debts | 44 | €1,704 | €4,431 | +€2,728 | +160.1% |
| Suppliers | 440/4 | €1,704 | €4,431 | +€2,728 | +160.1% |
| Advances received on contracts in progress | 46 | €145 | - | -€145 | |
| Taxes, remuneration and social security | 45 | - | €31 | +€31 | |
| Taxes | 450/3 | - | €31 | +€31 | |
| Other amounts payable | 47/48 | €16,048 | €23,248 | +€7,200 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,687 | €8,653 | -€34 | -0.4% |
| Gross operating margin | 9900 | -€10,378 | -€6,605 | +€3,773 | +36.4% |
| Operating profit (loss) | 9901 | -€19,065 | -€15,259 | +€3,807 | +20.0% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €194 | €208 | +€14 | +7.5% |
| Recurring financial charges | 65 | €194 | €208 | +€14 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,235 | -€15,467 | +€3,768 | +19.6% |
| Profit (loss) for the period | 9904 | -€19,235 | -€15,467 | +€3,768 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,235 | -€15,467 | +€3,768 | +19.6% |
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 30 September 2026 via checked.be.