MOBELSA: 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.
MOBELSA
Largest movements
- Current investments +€299,491
up €299,491 (+58812.5%), from €509 to €300,000
- Receivables within one year -€237,637
down €237,637 (-40.3%), from €589,328 to €351,691
of which Trade receivables: -€232,410
- Stocks and contracts +€126,402
up €126,402 (+92.6%), from €136,477 to €262,879
- Deferred charges and accrued income +€50,593
new in 2025: €50,593
- Cash +€45,390
up €45,390 (+12.9%), from €353,124 to €398,514
mainly Receivables within one year (+€237,637) and Trade debts (+€203,178)
- Trade debts +€203,178
up €203,178 (+172.4%), from €117,852 to €321,031
- Tax, wage and social debts +€82,894
up €82,894 (+715.8%), from €11,580 to €94,473
of which Taxes: +€82,899
- Gross operating margin -€53,330
down €53,330 (-66.3%), from €80,422 to €27,092
- Taxes +€8,906
up €8,906 (+80.0%), from €11,139 to €20,045
- Financial income -€7,932
down €7,932 (-67.0%), from €11,837 to €3,905
- Other operating charges -€5,570
down €5,570 (-90.9%), from €6,130 to €560
- Financial charges -€2,623
down €2,623 (-24.0%), from €10,948 to €8,325
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 | €1,096,643 | €1,383,908 | +€287,265 | +26.2% |
| Fixed assets | 21/28 | €17,205 | €20,231 | +€3,026 | +17.6% |
| Tangible fixed assets | 22/27 | €9,700 | €12,726 | +€3,026 | +31.2% |
| Furniture and vehicles | 24 | €9,700 | €12,726 | +€3,026 | +31.2% |
| Financial fixed assets | 28 | €7,505 | €7,505 | = | 0.0% |
| Current assets | 29/58 | €1,079,438 | €1,363,677 | +€284,239 | +26.3% |
| Stocks and contracts in progress | 3 | €136,477 | €262,879 | +€126,402 | +92.6% |
| Stocks | 30/36 | €136,477 | €262,879 | +€126,402 | +92.6% |
| Amounts receivable within one year | 40/41 | €589,328 | €351,691 | -€237,637 | -40.3% |
| Trade receivables | 40 | €572,446 | €340,037 | -€232,410 | -40.6% |
| Other amounts receivable | 41 | €16,882 | €11,654 | -€5,228 | -31.0% |
| Current investments | 50/53 | €509 | €300,000 | +€299,491 | +58812.5% |
| Cash at bank and in hand | 54/58 | €353,124 | €398,514 | +€45,390 | +12.9% |
| Deferred charges and accrued income | 490/1 | - | €50,593 | +€50,593 | |
| Total equity and liabilities | 10/49 | €1,096,643 | €1,383,908 | +€287,265 | +26.2% |
| Equity | 10/15 | €958,115 | €960,183 | +€2,068 | +0.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €710,880 | €710,880 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €684,074 | €684,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,234 | €174,303 | +€2,068 | +1.2% |
| Amounts payable | 17/49 | €138,529 | €423,726 | +€285,197 | +205.9% |
| Amounts payable within one year | 42/48 | €138,529 | €423,726 | +€285,197 | +205.9% |
| Trade debts | 44 | €117,852 | €321,031 | +€203,178 | +172.4% |
| Suppliers | 440/4 | €117,852 | €321,031 | +€203,178 | +172.4% |
| Taxes, remuneration and social security | 45 | €11,580 | €94,473 | +€82,894 | +715.8% |
| Taxes | 450/3 | €11,574 | €94,473 | +€82,899 | +716.2% |
| Remuneration and social security | 454/9 | €6 | - | -€6 | |
| Other amounts payable | 47/48 | €9,097 | €8,222 | -€875 | -9.6% |
| Non-recurring operating income | 76A | €16,742 | - | -€16,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €539 | - | -€539 | |
| Other operating charges | 640/8 | €6,130 | €560 | -€5,570 | -90.9% |
| Gross operating margin | 9900 | €80,422 | €27,092 | -€53,330 | -66.3% |
| Operating profit (loss) | 9901 | €73,753 | €26,533 | -€47,221 | -64.0% |
| Financial income | 75/76B | €11,837 | €3,905 | -€7,932 | -67.0% |
| Recurring financial income | 75 | €11,837 | €3,905 | -€7,932 | -67.0% |
| Financial charges | 65/66B | €10,948 | €8,325 | -€2,623 | -24.0% |
| Recurring financial charges | 65 | €10,948 | €8,325 | -€2,623 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €74,643 | €22,113 | -€52,530 | -70.4% |
| Income taxes | 67/77 | €11,139 | €20,045 | +€8,906 | +80.0% |
| Profit (loss) for the period | 9904 | €63,504 | €2,068 | -€61,436 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,504 | €2,068 | -€61,436 | -96.7% |
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 4 October 2026 via checked.be.