MOBENA: 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.
MOBENA
Largest movements
- Current investments +€3.0m
new in 2025: €3.0m
- Financial fixed assets -€269,138
down €269,138 (-42.1%), from €639,138 to €370,000
- Cash -€242,101
down €242,101 (-83.0%), from €291,641 to €49,540
mainly Current investments (-€3.0m) and Receivables after one year (-€211,250)
- Receivables after one year +€211,250
up €211,250 (+97.1%), from €217,500 to €428,750
- Receivables within one year +€112,808
up €112,808 (+225.7%), from €49,975 to €162,783
of which Other amounts receivable: +€112,281
- Reserves +€2.9m
up €2.9m (+292.0%), from €981,946 to €3.8m
- Financial income +€2.9m
up €2.9m (+5139.2%), from €57,388 to €3.0m
of which Non-recurring financial income: +€2.7m
- Gross operating margin -€206,772
down €206,772 (-77.0%), from €268,519 to €61,747
- Taxes -€58,769
down €58,769 (-87.3%), from €67,350 to €8,581
- Depreciation +€5,571
up €5,571 (+18.5%), from €30,134 to €35,705
- Other operating charges +€4,230
up €4,230 (+188.2%), from €2,248 to €6,477
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 | €1,499,870 | €4,331,585 | +€2.8m | +188.8% |
| Fixed assets | 21/28 | €939,748 | €683,006 | -€256,742 | -27.3% |
| Tangible fixed assets | 22/27 | €300,609 | €313,006 | +€12,396 | +4.1% |
| Land and buildings | 22 | €248,911 | €238,051 | -€10,860 | -4.4% |
| Plant, machinery and equipment | 23 | €9,501 | €13,901 | +€4,400 | +46.3% |
| Furniture and vehicles | 24 | €42,197 | €61,054 | +€18,856 | +44.7% |
| Financial fixed assets | 28 | €639,138 | €370,000 | -€269,138 | -42.1% |
| Current assets | 29/58 | €560,123 | €3,648,579 | +€3.1m | +551.4% |
| Amounts receivable after more than one year | 29 | €217,500 | €428,750 | +€211,250 | +97.1% |
| Other amounts receivable | 291 | €217,500 | €428,750 | +€211,250 | +97.1% |
| Amounts receivable within one year | 40/41 | €49,975 | €162,783 | +€112,808 | +225.7% |
| Trade receivables | 40 | €0 | €528 | +€528 | |
| Other amounts receivable | 41 | €49,975 | €162,256 | +€112,281 | +224.7% |
| Current investments | 50/53 | - | €2,988,084 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €291,641 | €49,540 | -€242,101 | -83.0% |
| Deferred charges and accrued income | 490/1 | €1,007 | €19,422 | +€18,415 | +1828.6% |
| Total equity and liabilities | 10/49 | €1,499,870 | €4,331,585 | +€2.8m | +188.8% |
| Equity | 10/15 | €1,081,946 | €3,949,675 | +€2.9m | +265.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €981,946 | €3,849,675 | +€2.9m | +292.0% |
| Distributable reserves | 133 | €981,946 | €3,849,675 | +€2.9m | +292.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €30,405 | €30,405 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,405 | €30,405 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €30,405 | +€30,405 | |
| Other liabilities and charges | 164/5 | €30,405 | - | -€30,405 | |
| Amounts payable | 17/49 | €387,520 | €351,505 | -€36,015 | -9.3% |
| Amounts payable after more than one year | 17 | €335,930 | €317,527 | -€18,404 | -5.5% |
| Financial debts | 170/4 | €335,930 | €317,527 | -€18,404 | -5.5% |
| Amounts payable within one year | 42/48 | €50,746 | €33,269 | -€17,476 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €17,543 | €24,906 | +€7,363 | +42.0% |
| Trade debts | 44 | €401 | €0 | -€401 | -100.0% |
| Suppliers | 440/4 | €401 | €0 | -€401 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,837 | €6,288 | -€25,549 | -80.2% |
| Taxes | 450/3 | €31,837 | €6,288 | -€25,549 | -80.2% |
| Other amounts payable | 47/48 | €964 | €2,075 | +€1,111 | +115.2% |
| Accrued charges and deferred income | 492/3 | €844 | €709 | -€135 | -16.0% |
| Non-recurring operating income | 76A | €51,120 | €0 | -€51,120 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,134 | €35,705 | +€5,571 | +18.5% |
| Other operating charges | 640/8 | €2,248 | €6,477 | +€4,230 | +188.2% |
| Non-recurring operating charges | 66A | €261 | €49,975 | +€49,714 | +19052.7% |
| Gross operating margin | 9900 | €268,519 | €61,747 | -€206,772 | -77.0% |
| Operating profit (loss) | 9901 | €235,876 | -€30,411 | -€266,287 | |
| Financial income | 75/76B | €57,388 | €3,006,654 | +€2.9m | +5139.2% |
| Recurring financial income | 75 | €57,388 | €277,280 | +€219,892 | +383.2% |
| Non-recurring financial income | 76B | - | €2,729,374 | +€2.7m | |
| Financial charges | 65/66B | €11,639 | €10,395 | -€1,244 | -10.7% |
| Recurring financial charges | 65 | €11,639 | €10,395 | -€1,244 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €281,625 | €2,965,849 | +€2.7m | +953.1% |
| Income taxes | 67/77 | €67,350 | €8,581 | -€58,769 | -87.3% |
| Profit (loss) for the period | 9904 | €214,275 | €2,957,268 | +€2.7m | +1280.1% |
| Profit (loss) for the period to be appropriated | 9905 | €214,275 | €2,957,268 | +€2.7m | +1280.1% |
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 8 October 2026 via checked.be.