MOCKEL: 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.
What changed
MOCKEL
NACE 25.530, Machining of metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€297,395
2024 · €258,523-€555,918
Equity
€1.7m
2024 · €2.0m-€274,825
Cash
€447,172
2024 · €418,618+€28,554
Balance sheet total
€5.9m
2024 · €6.3m-€420,674
Largest movements
Assets
- Tangible fixed assets -€512,069
down €512,069 (-17.9%), from €2.9m to €2.3m
of which Leasing and similar rights: -€502,345
- Receivables within one year +€184,708
up €184,708 (+15.5%), from €1.2m to €1.4m
of which Other amounts receivable: +€119,067
- Stocks and contracts -€163,598
down €163,598 (-9.3%), from €1.8m to €1.6m
of which Contracts in progress: -€219,066
Equity and liabilities
- Debts after one year -€705,781
down €705,781 (-30.0%), from €2.4m to €1.6m
- Short-term financial debts +€471,340
up €471,340 (+428%), from €110,083 to €581,423
- Profit (loss) carried forward -€297,395
down €297,395 (-35.6%), from €835,766 to €538,371
- Current portion of long-term debt -€228,646
down €228,646 (-24.3%), from €940,677 to €712,031
- Trade debts +€211,079
up €211,079 (+41.9%), from €503,946 to €715,025
Income statement
- Gross operating margin -€863,133
down €863,133 (-22.3%), from €3.9m to €3.0m
- Write-downs -€179,970
down €179,970, from €163,018 to -€16,952
- Staff costs -€52,930
down €52,930 (-2.0%), from €2.6m to €2.6m
- Financial charges -€40,178
down €40,178 (-20.1%), from €199,616 to €159,438
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.
Result 2024
€258,523
Gross operating margin
-€863,133
Staff costs
+€52,930
Depreciation
+€2,139
Write-downs
+€179,970
Other operating charges
-€273
Financial income
+€32,146
Financial charges
+€40,178
Taxes
+€124
Result 2025
-€297,395
raises the resultlowers the result
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.
From operations
+€632,122
Investment
-€163,051
Financing
-€440,517
Cash 2024
€418,618
From operations (derived)
+€632,122
Net result for the year
-€297,395
Depreciation
+€667,285
Stocks and contracts
+€163,598
Receivables within one year
-€184,708
Deferred charges and accrued income
-€33,897
Trade debts
+€211,079
Tax, wage and social debts
+€129,734
Other debts
-€26,342
Accrued charges and deferred income
+€2,767
Investment (derived)
-€163,051
Investment in fixed assets (net)
-€163,051
Financing
-€440,517
Debts after one year
-€705,781
Current portion of long-term debt
-€228,646
Short-term financial debts
+€471,340
Contributions, distributions and other
+€22,570
Cash 2025
€447,172
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,341,822 | €5,921,148 | -€420,674 | -6.6% |
| Fixed assets | 21/28 | €2,929,932 | €2,425,698 | -€504,234 | -17.2% |
| Intangible fixed assets | 21 | €58,611 | €66,446 | +€7,835 | +13.4% |
| Tangible fixed assets | 22/27 | €2,860,367 | €2,348,298 | -€512,069 | -17.9% |
| Land and buildings | 22 | €196,605 | €178,293 | -€18,312 | -9.3% |
| Plant, machinery and equipment | 23 | €252,201 | €258,538 | +€6,337 | +2.5% |
| Furniture and vehicles | 24 | €72,359 | €65,597 | -€6,762 | -9.3% |
| Leasing and similar rights | 25 | €2,320,568 | €1,818,223 | -€502,345 | -21.6% |
| Other tangible fixed assets | 26 | €11,772 | €27,646 | +€15,874 | +135% |
| Assets under construction and advance payments | 27 | €6,862 | - | -€6,862 | |
| Financial fixed assets | 28 | €10,954 | €10,954 | = | 0.0% |
| Current assets | 29/58 | €3,411,890 | €3,495,450 | +€83,560 | +2.4% |
| Stocks and contracts in progress | 3 | €1,760,112 | €1,596,513 | -€163,598 | -9.3% |
| Stocks | 30/36 | €1,217,330 | €1,272,798 | +€55,468 | +4.6% |
| Contracts in progress | 37 | €542,782 | €323,715 | -€219,066 | -40.4% |
| Amounts receivable within one year | 40/41 | €1,195,047 | €1,379,754 | +€184,708 | +15.5% |
| Trade receivables | 40 | €996,320 | €1,061,961 | +€65,641 | +6.6% |
| Other amounts receivable | 41 | €198,726 | €317,793 | +€119,067 | +59.9% |
| Cash at bank and in hand | 54/58 | €418,618 | €447,172 | +€28,554 | +6.8% |
| Deferred charges and accrued income | 490/1 | €38,114 | €72,010 | +€33,897 | +88.9% |
| Total equity and liabilities | 10/49 | €6,341,822 | €5,921,148 | -€420,674 | -6.6% |
| Equity | 10/15 | €1,951,770 | €1,676,945 | -€274,825 | -14.1% |
| Contributions | 10/11 | €418,320 | €418,320 | = | 0.0% |
| Capital | 10 | €418,320 | €418,320 | = | 0.0% |
| Issued capital | 100 | €418,320 | €418,320 | = | 0.0% |
| Reserves | 13 | €662,899 | €662,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €401,832 | €401,832 | = | 0.0% |
| Legal reserve | 130 | €41,832 | €41,832 | = | 0.0% |
| Other | 1319 | €360,000 | €360,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,927 | €42,927 | = | 0.0% |
| Distributable reserves | 133 | €218,139 | €218,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €835,766 | €538,371 | -€297,395 | -35.6% |
| Investment grants | 15 | €34,785 | €57,355 | +€22,570 | +64.9% |
| Amounts payable | 17/49 | €4,390,052 | €4,244,203 | -€145,849 | -3.3% |
| Amounts payable after more than one year | 17 | €2,353,561 | €1,647,781 | -€705,781 | -30.0% |
| Financial debts | 170/4 | €2,353,561 | €1,647,781 | -€705,781 | -30.0% |
| Amounts payable within one year | 42/48 | €2,036,491 | €2,593,655 | +€557,165 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €940,677 | €712,031 | -€228,646 | -24.3% |
| Financial debts | 43 | €110,083 | €581,423 | +€471,340 | +428% |
| Credit institutions | 430/8 | €110,083 | €581,423 | +€471,340 | +428% |
| Trade debts | 44 | €503,946 | €715,025 | +€211,079 | +41.9% |
| Suppliers | 440/4 | €503,946 | €715,025 | +€211,079 | +41.9% |
| Taxes, remuneration and social security | 45 | €449,189 | €578,923 | +€129,734 | +28.9% |
| Taxes | 450/3 | €38,522 | €160,537 | +€122,015 | +317% |
| Remuneration and social security | 454/9 | €410,667 | €418,386 | +€7,719 | +1.9% |
| Other amounts payable | 47/48 | €32,596 | €6,254 | -€26,342 | -80.8% |
| Accrued charges and deferred income | 492/3 | - | €2,767 | +€2,767 | |
| Non-recurring operating income | 76A | €2,452 | - | -€2,452 | |
| Remuneration, social security and pensions | 62 | €2,604,706 | €2,551,776 | -€52,930 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669,424 | €667,285 | -€2,139 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €163,018 | -€16,952 | -€179,970 | |
| Other operating charges | 640/8 | €19,203 | €19,475 | +€273 | +1.4% |
| Gross operating margin | 9900 | €3,865,466 | €3,002,334 | -€863,133 | -22.3% |
| Operating profit (loss) | 9901 | €409,116 | -€219,250 | -€628,366 | |
| Financial income | 75/76B | €50,587 | €82,733 | +€32,146 | +63.5% |
| Recurring financial income | 75 | €50,587 | €82,733 | +€32,146 | +63.5% |
| Financial charges | 65/66B | €199,616 | €159,438 | -€40,178 | -20.1% |
| Recurring financial charges | 65 | €199,616 | €159,438 | -€40,178 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €260,087 | -€295,955 | -€556,042 | |
| Income taxes | 67/77 | €1,564 | €1,439 | -€124 | -8.0% |
| Profit (loss) for the period | 9904 | €258,523 | -€297,395 | -€555,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,523 | -€297,395 | -€555,918 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.