MOCO: 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.
MOCO
Largest movements
- Receivables within one year -€63,617
down €63,617 (-73.2%), from €86,918 to €23,302
of which Trade receivables: -€62,659
- Cash +€34,864
up €34,864 (+54.8%), from €63,648 to €98,512
mainly Receivables within one year (+€63,617) and Depreciation (+€21,140)
- Tangible fixed assets +€16,210
up €16,210 (+39.9%), from €40,671 to €56,881
of which Furniture and vehicles: +€16,463
- Other debts -€32,779
down €32,779 (-97.8%), from €33,531 to €752
- Debts after one year +€15,429
up €15,429 (+126.3%), from €12,218 to €27,648
- Trade debts -€7,736
down €7,736 (-100.0%), from €7,736 to €0
- Current portion of long-term debt +€6,789
up €6,789 (+70.2%), from €9,669 to €16,458
- Reserves +€6,155
up €6,155 (+5.4%), from €113,279 to €119,434
- Gross operating margin -€65,198
down €65,198 (-46.2%), from €141,025 to €75,828
- Taxes -€14,765
down €14,765 (-85.9%), from €17,183 to €2,418
- Depreciation +€3,607
up €3,607 (+20.6%), from €17,532 to €21,140
- Staff costs +€2,814
up €2,814 (+7.0%), from €40,483 to €43,297
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 | €193,417 | €181,452 | -€11,965 | -6.2% |
| Fixed assets | 21/28 | €40,671 | €56,881 | +€16,210 | +39.9% |
| Tangible fixed assets | 22/27 | €40,671 | €56,881 | +€16,210 | +39.9% |
| Plant, machinery and equipment | 23 | €401 | €148 | -€253 | -63.2% |
| Furniture and vehicles | 24 | €40,270 | €56,734 | +€16,463 | +40.9% |
| Current assets | 29/58 | €152,745 | €124,570 | -€28,175 | -18.4% |
| Amounts receivable within one year | 40/41 | €86,918 | €23,302 | -€63,617 | -73.2% |
| Trade receivables | 40 | €82,796 | €20,137 | -€62,659 | -75.7% |
| Other amounts receivable | 41 | €4,122 | €3,165 | -€957 | -23.2% |
| Cash at bank and in hand | 54/58 | €63,648 | €98,512 | +€34,864 | +54.8% |
| Deferred charges and accrued income | 490/1 | €2,179 | €2,757 | +€578 | +26.5% |
| Total equity and liabilities | 10/49 | €193,417 | €181,452 | -€11,965 | -6.2% |
| Equity | 10/15 | €117,865 | €123,434 | +€5,569 | +4.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €113,279 | €119,434 | +€6,155 | +5.4% |
| Distributable reserves | 133 | €113,279 | €119,434 | +€6,155 | +5.4% |
| Profit (loss) carried forward | 14 | €586 | €0 | -€586 | -100.0% |
| Amounts payable | 17/49 | €75,552 | €58,018 | -€17,534 | -23.2% |
| Amounts payable after more than one year | 17 | €12,218 | €27,648 | +€15,429 | +126.3% |
| Financial debts | 170/4 | €12,218 | €27,648 | +€15,429 | +126.3% |
| Amounts payable within one year | 42/48 | €63,334 | €30,262 | -€33,072 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €9,669 | €16,458 | +€6,789 | +70.2% |
| Trade debts | 44 | €7,736 | €0 | -€7,736 | -100.0% |
| Suppliers | 440/4 | €7,736 | €0 | -€7,736 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,398 | €13,053 | +€654 | +5.3% |
| Taxes | 450/3 | €8,222 | €7,847 | -€375 | -4.6% |
| Remuneration and social security | 454/9 | €4,177 | €5,206 | +€1,029 | +24.6% |
| Other amounts payable | 47/48 | €33,531 | €752 | -€32,779 | -97.8% |
| Accrued charges and deferred income | 492/3 | - | €108 | +€108 | |
| Remuneration, social security and pensions | 62 | €40,483 | €43,297 | +€2,814 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,532 | €21,140 | +€3,607 | +20.6% |
| Other operating charges | 640/8 | €1,656 | €2,507 | +€851 | +51.4% |
| Gross operating margin | 9900 | €141,025 | €75,828 | -€65,198 | -46.2% |
| Operating profit (loss) | 9901 | €81,354 | €8,884 | -€72,471 | -89.1% |
| Financial income | 75/76B | €265 | €0 | -€265 | -100.0% |
| Recurring financial income | 75 | €265 | €0 | -€265 | -100.0% |
| Financial charges | 65/66B | €461 | €896 | +€435 | +94.3% |
| Recurring financial charges | 65 | €461 | €896 | +€435 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €81,159 | €7,988 | -€73,171 | -90.2% |
| Income taxes | 67/77 | €17,183 | €2,418 | -€14,765 | -85.9% |
| Profit (loss) for the period | 9904 | €63,976 | €5,569 | -€58,406 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,976 | €5,569 | -€58,406 | -91.3% |
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 3 October 2026 via checked.be.