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 +€154,268
up €154,268 (+603.6%), from €25,558 to €179,826
- Cash -€109,837
down €109,837 (-62.4%), from €175,982 to €66,145
mainly Contributions, distributions and other (-€188,235) and Receivables within one year (-€154,268)
- Tangible fixed assets +€22,845
up €22,845 (+566.6%), from €4,032 to €26,877
of which Furniture and vehicles: +€23,192
- Deferred charges and accrued income -€2,796
down €2,796 (-45.8%), from €6,103 to €3,307
- Profit (loss) carried forward +€48,133
up €48,133 (+30.2%), from €159,482 to €207,616
- Trade debts +€16,780
up €16,780 (+92.0%), from €18,230 to €35,011
- Gross operating margin +€122,194
up €122,194 (+63.4%), from €192,744 to €314,938
- Taxes +€32,899
up €32,899 (+70.1%), from €46,955 to €79,853
- Financial income +€5,977
up €5,977 (+5353.4%), from €112 to €6,089
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 | €212,613 | €277,093 | +€64,480 | +30.3% |
| Fixed assets | 21/28 | €4,970 | €27,815 | +€22,845 | +459.6% |
| Tangible fixed assets | 22/27 | €4,032 | €26,877 | +€22,845 | +566.6% |
| Plant, machinery and equipment | 23 | €347 | €0 | -€347 | -100.0% |
| Furniture and vehicles | 24 | €3,685 | €26,877 | +€23,192 | +629.4% |
| Financial fixed assets | 28 | €938 | €938 | = | 0.0% |
| Current assets | 29/58 | €207,643 | €249,278 | +€41,635 | +20.1% |
| Amounts receivable within one year | 40/41 | €25,558 | €179,826 | +€154,268 | +603.6% |
| Other amounts receivable | 41 | €25,558 | €179,826 | +€154,268 | +603.6% |
| Cash at bank and in hand | 54/58 | €175,982 | €66,145 | -€109,837 | -62.4% |
| Deferred charges and accrued income | 490/1 | €6,103 | €3,307 | -€2,796 | -45.8% |
| Total equity and liabilities | 10/49 | €212,613 | €277,093 | +€64,480 | +30.3% |
| Equity | 10/15 | €162,482 | €210,616 | +€48,133 | +29.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,482 | €207,616 | +€48,133 | +30.2% |
| Amounts payable | 17/49 | €50,131 | €66,477 | +€16,347 | +32.6% |
| Amounts payable within one year | 42/48 | €50,131 | €66,477 | +€16,347 | +32.6% |
| Financial debts | 43 | €34 | €1,231 | +€1,197 | +3525.0% |
| Credit institutions | 430/8 | €34 | €1,231 | +€1,197 | +3525.0% |
| Trade debts | 44 | €18,230 | €35,011 | +€16,780 | +92.0% |
| Suppliers | 440/4 | €18,230 | €35,011 | +€16,780 | +92.0% |
| Taxes, remuneration and social security | 45 | €31,866 | €30,235 | -€1,631 | -5.1% |
| Taxes | 450/3 | €29,866 | €28,235 | -€1,631 | -5.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,856 | €3,480 | +€1,624 | +87.5% |
| Other operating charges | 640/8 | €596 | €1,004 | +€408 | +68.5% |
| Non-recurring operating charges | 66A | €6,060 | €0 | -€6,060 | -100.0% |
| Gross operating margin | 9900 | €192,744 | €314,938 | +€122,194 | +63.4% |
| Operating profit (loss) | 9901 | €184,232 | €310,454 | +€126,222 | +68.5% |
| Financial income | 75/76B | €112 | €6,089 | +€5,977 | +5353.4% |
| Recurring financial income | 75 | €112 | €6,089 | +€5,977 | +5353.4% |
| Financial charges | 65/66B | €297 | €321 | +€25 | +8.3% |
| Recurring financial charges | 65 | €297 | €321 | +€25 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €184,047 | €316,222 | +€132,175 | +71.8% |
| Income taxes | 67/77 | €46,955 | €79,853 | +€32,899 | +70.1% |
| Profit (loss) for the period | 9904 | €137,093 | €236,369 | +€99,276 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,093 | €236,369 | +€99,276 | +72.4% |
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 4 October 2026 via checked.be.