MOCATUR: 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.
MOCATUR
Largest movements
- Tangible fixed assets +€921,365
up €921,365 (+32.6%), from €2.8m to €3.7m
of which Leasing and similar rights: +€1.1m
- Deferred charges and accrued income -€171,713
down €171,713 (-37.3%), from €460,656 to €288,943
- Debts after one year +€906,466
up €906,466 (+51.1%), from €1.8m to €2.7m
- Current portion of long-term debt +€258,589
up €258,589 (+77.9%), from €331,874 to €590,463
- Trade debts -€208,408
down €208,408 (-35.7%), from €583,123 to €374,715
- Tax, wage and social debts -€165,923
down €165,923 (-42.5%), from €390,150 to €224,226
of which Taxes: -€142,560
- Reserves -€53,779
down €53,779 (-5.9%), from €909,824 to €856,046
- Gross operating margin -€464,389
down €464,389 (-19.1%), from €2.4m to €2.0m
- Taxes -€165,590
down €165,590 (-99.4%), from €166,507 to €917
- Financial charges +€132,711
up €132,711 (+310%), from €42,842 to €175,554
- Staff costs -€94,932
down €94,932 (-8.1%), from €1.2m to €1.1m
- Other operating charges +€66,998
up €66,998 (+22.8%), from €293,708 to €360,705
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
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 | €4,040,128 | €4,793,848 | +€753,721 | +18.7% |
| Fixed assets | 21/28 | €2,843,814 | €3,765,179 | +€921,365 | +32.4% |
| Tangible fixed assets | 22/27 | €2,826,574 | €3,747,939 | +€921,365 | +32.6% |
| Land and buildings | 22 | €2,102,088 | €2,087,240 | -€14,848 | -0.7% |
| Plant, machinery and equipment | 23 | €15,147 | €16,095 | +€948 | +6.3% |
| Furniture and vehicles | 24 | €701,953 | €550,100 | -€151,853 | -21.6% |
| Leasing and similar rights | 25 | €0 | €1,088,108 | +€1.1m | |
| Other tangible fixed assets | 26 | €7,385 | €6,395 | -€990 | -13.4% |
| Financial fixed assets | 28 | €17,240 | €17,240 | = | 0.0% |
| Current assets | 29/58 | €1,196,314 | €1,028,670 | -€167,644 | -14.0% |
| Stocks and contracts in progress | 3 | - | €12,116 | +€12,116 | |
| Stocks | 30/36 | - | €12,116 | +€12,116 | |
| Amounts receivable within one year | 40/41 | €670,471 | €669,273 | -€1,197 | -0.2% |
| Trade receivables | 40 | €636,480 | €546,200 | -€90,280 | -14.2% |
| Other amounts receivable | 41 | €33,991 | €123,074 | +€89,083 | +262% |
| Cash at bank and in hand | 54/58 | €65,187 | €58,337 | -€6,850 | -10.5% |
| Deferred charges and accrued income | 490/1 | €460,656 | €288,943 | -€171,713 | -37.3% |
| Total equity and liabilities | 10/49 | €4,040,128 | €4,793,848 | +€753,721 | +18.7% |
| Equity | 10/15 | €928,424 | €874,646 | -€53,779 | -5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €909,824 | €856,046 | -€53,779 | -5.9% |
| Distributable reserves | 133 | €909,824 | €856,046 | -€53,779 | -5.9% |
| Amounts payable | 17/49 | €3,111,703 | €3,919,203 | +€807,500 | +26.0% |
| Amounts payable after more than one year | 17 | €1,773,078 | €2,679,544 | +€906,466 | +51.1% |
| Financial debts | 170/4 | €1,773,078 | €2,679,544 | +€906,466 | +51.1% |
| Amounts payable within one year | 42/48 | €1,330,147 | €1,229,291 | -€100,856 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €331,874 | €590,463 | +€258,589 | +77.9% |
| Financial debts | 43 | €25,000 | €26,913 | +€1,913 | +7.7% |
| Credit institutions | 430/8 | €25,000 | €26,913 | +€1,913 | +7.7% |
| Trade debts | 44 | €583,123 | €374,715 | -€208,408 | -35.7% |
| Suppliers | 440/4 | €583,123 | €374,715 | -€208,408 | -35.7% |
| Taxes, remuneration and social security | 45 | €390,150 | €224,226 | -€165,923 | -42.5% |
| Taxes | 450/3 | €262,992 | €120,431 | -€142,560 | -54.2% |
| Remuneration and social security | 454/9 | €127,158 | €103,795 | -€23,363 | -18.4% |
| Other amounts payable | 47/48 | - | €12,974 | +€12,974 | |
| Accrued charges and deferred income | 492/3 | €8,478 | €10,367 | +€1,890 | +22.3% |
| Non-recurring operating income | 76A | €16,269 | €20,000 | +€3,731 | +22.9% |
| Remuneration, social security and pensions | 62 | €1,172,296 | €1,077,364 | -€94,932 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410,007 | €408,024 | -€1,983 | -0.5% |
| Other operating charges | 640/8 | €293,708 | €360,705 | +€66,998 | +22.8% |
| Gross operating margin | 9900 | €2,433,136 | €1,968,747 | -€464,389 | -19.1% |
| Operating profit (loss) | 9901 | €557,125 | €122,653 | -€434,472 | -78.0% |
| Financial income | 75/76B | €334 | €39 | -€295 | -88.4% |
| Recurring financial income | 75 | €334 | €39 | -€295 | -88.4% |
| Financial charges | 65/66B | €42,842 | €175,554 | +€132,711 | +310% |
| Recurring financial charges | 65 | €42,842 | €175,554 | +€132,711 | +310% |
| Profit (loss) for the period before taxes | 9903 | €514,617 | -€52,861 | -€567,479 | |
| Income taxes | 67/77 | €166,507 | €917 | -€165,590 | -99.4% |
| Profit (loss) for the period | 9904 | €348,110 | -€53,779 | -€401,888 | |
| Transfer from tax-exempt reserves | 789 | €7,500 | - | -€7,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €355,610 | -€53,779 | -€409,388 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.