MOCO: 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.
MOCO
Largest movements
- Receivables within one year +€9,042
up €9,042 (+3,929%), from €230 to €9,272
of which Trade receivables: +€9,042
- Cash -€7,268
down €7,268 (-56.7%), from €12,824 to €5,556
mainly Receivables within one year (-€9,042) and Investment in fixed assets (net) (-€3,667)
- Deferred charges and accrued income -€3,526
down €3,526 (-100%), from €3,526 to €0
- Tangible fixed assets +€2,084
up €2,084 (+577%), from €361 to €2,445
of which Furniture and vehicles: +€2,084
- Stocks and contracts +€344
up €344 (+3.6%), from €9,670 to €10,014
- Profit (loss) carried forward +€804
up €804 (+74.7%), from €1,076 to €1,879
- Turnover +€10,903
up €10,903 (+7.7%), from €142,195 to €153,098
- Purchases and services +€5,649
up €5,649 (+4.0%), from €140,157 to €145,806
- Gross operating margin +€5,304
up €5,304 (+144%), from €3,686 to €8,990
- Taxes +€4,629
up €4,629 (+1,249%), from €371 to €5,000
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 | €26,612 | €27,287 | +€675 | +2.5% |
| Fixed assets | 21/28 | €361 | €2,445 | +€2,084 | +577% |
| Tangible fixed assets | 22/27 | €361 | €2,445 | +€2,084 | +577% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €361 | €2,445 | +€2,084 | +577% |
| Current assets | 29/58 | €26,250 | €24,842 | -€1,408 | -5.4% |
| Stocks and contracts in progress | 3 | €9,670 | €10,014 | +€344 | +3.6% |
| Stocks | 30/36 | €9,670 | €10,014 | +€344 | +3.6% |
| Amounts receivable within one year | 40/41 | €230 | €9,272 | +€9,042 | +3,929% |
| Trade receivables | 40 | €230 | €9,272 | +€9,042 | +3,929% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,824 | €5,556 | -€7,268 | -56.7% |
| Deferred charges and accrued income | 490/1 | €3,526 | €0 | -€3,526 | -100% |
| Total equity and liabilities | 10/49 | €26,612 | €27,287 | +€675 | +2.5% |
| Equity | 10/15 | €23,288 | €24,092 | +€804 | +3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,621 | €3,621 | = | 0.0% |
| Distributable reserves | 133 | €3,621 | €3,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,076 | €1,879 | +€804 | +74.7% |
| Amounts payable | 17/49 | €3,323 | €3,195 | -€128 | -3.9% |
| Amounts payable within one year | 42/48 | €3,323 | €3,195 | -€128 | -3.9% |
| Trade debts | 44 | €861 | €980 | +€119 | +13.9% |
| Suppliers | 440/4 | €861 | €980 | +€119 | +13.9% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,439 | €2,215 | -€224 | -9.2% |
| Taxes | 450/3 | €2,439 | €2,215 | -€224 | -9.2% |
| Other amounts payable | 47/48 | €24 | €0 | -€24 | -100% |
| Turnover | 70 | €142,195 | €153,098 | +€10,903 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €140,157 | €145,806 | +€5,649 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €1,584 | +€780 | +97.1% |
| Other operating charges | 640/8 | €909 | €1,539 | +€630 | +69.4% |
| Gross operating margin | 9900 | €3,686 | €8,990 | +€5,304 | +144% |
| Operating profit (loss) | 9901 | €1,973 | €5,867 | +€3,893 | +197% |
| Financial income | 75/76B | €263 | €2 | -€261 | -99.2% |
| Recurring financial income | 75 | €263 | €2 | -€261 | -99.2% |
| Financial charges | 65/66B | €76 | €65 | -€11 | -14.8% |
| Recurring financial charges | 65 | €76 | €65 | -€11 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €2,160 | €5,804 | +€3,644 | +169% |
| Income taxes | 67/77 | €371 | €5,000 | +€4,629 | +1,249% |
| Profit (loss) for the period | 9904 | €1,789 | €804 | -€986 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,789 | €804 | -€986 | -55.1% |
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 14 October 2026 via checked.be.