MoElek: 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.
MoElek
Largest movements
- Receivables within one year -€14,318
down €14,318 (-47.9%), from €29,914 to €15,595
of which Trade receivables: -€17,545
- Tangible fixed assets +€3,880
up €3,880 (+101.2%), from €3,834 to €7,714
of which Furniture and vehicles: +€4,148
- Cash -€2,475
down €2,475 (-54.7%), from €4,526 to €2,051
mainly Net result for the year (-€26,529) and Investment in fixed assets (net) (-€10,331)
- Stocks and contracts +€1,092
up €1,092 (+50.9%), from €2,148 to €3,240
- Profit (loss) carried forward -€26,529
down €26,529 (-8804.7%), from -€301 to -€26,830
- Other debts +€13,986
up €13,986 (+333.9%), from €4,188 to €18,175
- Tax, wage and social debts +€11,281
up €11,281 (+114.6%), from €9,848 to €21,129
of which Remuneration and social security: +€11,969
- Trade debts -€6,693
down €6,693 (-42.3%), from €15,840 to €9,146
- Debts after one year -€1,979
no longer reported in 2025 (was €1,979)
- Staff costs +€57,551
up €57,551 (+447.5%), from €12,860 to €70,410
- Gross operating margin +€31,639
up €31,639 (+149.9%), from €21,110 to €52,749
- Other operating charges +€934
up €934 (+77.9%), from €1,199 to €2,132
- Depreciation -€870
down €870 (-11.9%), from €7,320 to €6,451
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 | €40,421 | €28,600 | -€11,822 | -29.2% |
| Fixed assets | 21/28 | €3,834 | €7,714 | +€3,880 | +101.2% |
| Tangible fixed assets | 22/27 | €3,834 | €7,714 | +€3,880 | +101.2% |
| Plant, machinery and equipment | 23 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | €2,739 | €6,887 | +€4,148 | +151.4% |
| Other tangible fixed assets | 26 | €1,064 | €827 | -€238 | -22.3% |
| Current assets | 29/58 | €36,587 | €20,886 | -€15,701 | -42.9% |
| Stocks and contracts in progress | 3 | €2,148 | €3,240 | +€1,092 | +50.9% |
| Stocks | 30/36 | €2,148 | €3,240 | +€1,092 | +50.9% |
| Amounts receivable within one year | 40/41 | €29,914 | €15,595 | -€14,318 | -47.9% |
| Trade receivables | 40 | €28,261 | €10,717 | -€17,545 | -62.1% |
| Other amounts receivable | 41 | €1,652 | €4,879 | +€3,226 | +195.2% |
| Cash at bank and in hand | 54/58 | €4,526 | €2,051 | -€2,475 | -54.7% |
| Total equity and liabilities | 10/49 | €40,421 | €28,600 | -€11,822 | -29.2% |
| Equity | 10/15 | €4,699 | -€21,830 | -€26,529 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301 | -€26,830 | -€26,529 | -8804.7% |
| Amounts payable | 17/49 | €35,723 | €50,430 | +€14,707 | +41.2% |
| Amounts payable after more than one year | 17 | €1,979 | - | -€1,979 | |
| Financial debts | 170/4 | €1,979 | - | -€1,979 | |
| Amounts payable within one year | 42/48 | €33,743 | €50,430 | +€16,687 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €3,867 | €1,979 | -€1,888 | -48.8% |
| Trade debts | 44 | €15,840 | €9,146 | -€6,693 | -42.3% |
| Suppliers | 440/4 | €15,840 | €9,146 | -€6,693 | -42.3% |
| Taxes, remuneration and social security | 45 | €9,848 | €21,129 | +€11,281 | +114.6% |
| Taxes | 450/3 | €1,370 | €682 | -€688 | -50.2% |
| Remuneration and social security | 454/9 | €8,478 | €20,447 | +€11,969 | +141.2% |
| Other amounts payable | 47/48 | €4,188 | €18,175 | +€13,986 | +333.9% |
| Remuneration, social security and pensions | 62 | €12,860 | €70,410 | +€57,551 | +447.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,320 | €6,451 | -€870 | -11.9% |
| Other operating charges | 640/8 | €1,199 | €2,132 | +€934 | +77.9% |
| Gross operating margin | 9900 | €21,110 | €52,749 | +€31,639 | +149.9% |
| Operating profit (loss) | 9901 | -€268 | -€26,244 | -€25,976 | -9681.9% |
| Financial income | 75/76B | €24 | €4 | -€20 | -85.3% |
| Recurring financial income | 75 | €24 | €4 | -€20 | -85.3% |
| Financial charges | 65/66B | €368 | €288 | -€80 | -21.7% |
| Recurring financial charges | 65 | €368 | €288 | -€80 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€613 | -€26,529 | -€25,916 | -4230.4% |
| Profit (loss) for the period | 9904 | -€613 | -€26,529 | -€25,916 | -4230.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€613 | -€26,529 | -€25,916 | -4230.4% |
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 5 October 2026 via checked.be.