MOBAX: 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.
MOBAX
Largest movements
- Stocks and contracts -€92,765
down €92,765 (-23.2%), from €400,613 to €307,848
- Cash +€19,091
up €19,091 (+259,384%), from €7 to €19,098
- Receivables within one year +€9,449
up €9,449 (+55.2%), from €17,106 to €26,555
- Tangible fixed assets +€5,888
new in 2025: €5,888
- Debts after one year -€130,681
no longer reported in 2025 (was €130,681)
- Profit (loss) carried forward +€37,641
up €37,641 (+22.3%), from €169,110 to €206,751
- Tax, wage and social debts +€29,599
up €29,599 (+370%), from €8,000 to €37,599
- Trade debts +€5,006
up €5,006 (+31.5%), from €15,877 to €20,883
- Gross operating margin +€43,691
up €43,691 (+190%), from €22,980 to €66,671
- Other operating charges +€11,061
up €11,061 (+293%), from €3,775 to €14,836
- Financial charges +€6,394
up €6,394 (+1,120%), from €571 to €6,965
of which Non-recurring financial charges: +€6,600
- Taxes +€5,757
new in 2025: €5,757
- Depreciation +€1,472
new in 2025: €1,472
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,127 | €385,789 | -€58,338 | -13.1% |
| Fixed assets | 21/28 | €26,400 | €32,288 | +€5,888 | +22.3% |
| Tangible fixed assets | 22/27 | - | €5,888 | +€5,888 | |
| Leasing and similar rights | 25 | - | €5,888 | +€5,888 | |
| Financial fixed assets | 28 | €26,400 | €26,400 | = | 0.0% |
| Current assets | 29/58 | €417,727 | €353,501 | -€64,226 | -15.4% |
| Stocks and contracts in progress | 3 | €400,613 | €307,848 | -€92,765 | -23.2% |
| Stocks | 30/36 | €400,613 | €307,848 | -€92,765 | -23.2% |
| Amounts receivable within one year | 40/41 | €17,106 | €26,555 | +€9,449 | +55.2% |
| Trade receivables | 40 | €17,106 | €26,555 | +€9,449 | +55.2% |
| Cash at bank and in hand | 54/58 | €7 | €19,098 | +€19,091 | +259,384% |
| Total equity and liabilities | 10/49 | €444,127 | €385,789 | -€58,338 | -13.1% |
| Equity | 10/15 | €189,570 | €227,211 | +€37,641 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,110 | €206,751 | +€37,641 | +22.3% |
| Amounts payable | 17/49 | €254,557 | €158,578 | -€95,979 | -37.7% |
| Amounts payable after more than one year | 17 | €130,681 | - | -€130,681 | |
| Financial debts | 170/4 | €130,681 | - | -€130,681 | |
| Amounts payable within one year | 42/48 | €123,876 | €158,578 | +€34,702 | +28.0% |
| Financial debts | 43 | €99,999 | €100,096 | +€97 | +0.1% |
| Credit institutions | 430/8 | €99,999 | €100,096 | +€97 | +0.1% |
| Trade debts | 44 | €15,877 | €20,883 | +€5,006 | +31.5% |
| Suppliers | 440/4 | €15,877 | €20,883 | +€5,006 | +31.5% |
| Taxes, remuneration and social security | 45 | €8,000 | €37,599 | +€29,599 | +370% |
| Taxes | 450/3 | €8,000 | €37,599 | +€29,599 | +370% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,472 | +€1,472 | |
| Other operating charges | 640/8 | €3,775 | €14,836 | +€11,061 | +293% |
| Gross operating margin | 9900 | €22,980 | €66,671 | +€43,691 | +190% |
| Operating profit (loss) | 9901 | €19,205 | €50,363 | +€31,158 | +162% |
| Financial charges | 65/66B | €571 | €6,965 | +€6,394 | +1,120% |
| Recurring financial charges | 65 | €571 | €365 | -€206 | -36.0% |
| Non-recurring financial charges | 66B | - | €6,600 | +€6,600 | |
| Profit (loss) for the period before taxes | 9903 | €18,634 | €43,398 | +€24,764 | +133% |
| Income taxes | 67/77 | - | €5,757 | +€5,757 | |
| Profit (loss) for the period | 9904 | €18,634 | €37,641 | +€19,007 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €18,634 | €37,641 | +€19,007 | +102% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.