MOFA & CO: 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.
MOFA & CO
Largest movements
- Tangible fixed assets +€80,017
up €80,017 (+363.9%), from €21,988 to €102,006
of which Plant, machinery and equipment: +€75,866
- Receivables within one year +€14,770
up €14,770 (+195.1%), from €7,571 to €22,340
of which Other amounts receivable: +€22,313
- Cash +€6,038
up €6,038 (+13445.5%), from €45 to €6,083
mainly Debts after one year (+€85,926) and Other debts (+€21,191)
- Debts after one year +€85,926
new in 2024: €85,926
- Other debts +€21,191
up €21,191 (+124.1%), from €17,075 to €38,266
- Advances received -€13,231
no longer reported in 2024 (was €13,231)
- Tax, wage and social debts +€6,991
up €6,991 (+1381.9%), from €506 to €7,497
- Trade debts -€5,063
down €5,063 (-76.2%), from €6,646 to €1,583
- Gross operating margin +€19,886
up €19,886 (+726.0%), from €2,739 to €22,624
- Depreciation -€4,206
no longer reported in 2024 (was €4,206)
- Other operating charges -€2,143
down €2,143 (-74.4%), from €2,881 to €738
- Financial charges +€1,921
up €1,921 (+246.3%), from €780 to €2,700
- Staff costs -€913
down €913 (-5.8%), from €15,644 to €14,732
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,604 | €130,626 | +€101,022 | +341.2% |
| Fixed assets | 21/28 | €21,988 | €102,006 | +€80,017 | +363.9% |
| Tangible fixed assets | 22/27 | €21,988 | €102,006 | +€80,017 | +363.9% |
| Plant, machinery and equipment | 23 | €9,211 | €85,077 | +€75,866 | +823.6% |
| Furniture and vehicles | 24 | €12,777 | €16,929 | +€4,152 | +32.5% |
| Current assets | 29/58 | €7,616 | €28,621 | +€21,005 | +275.8% |
| Amounts receivable within one year | 40/41 | €7,571 | €22,340 | +€14,770 | +195.1% |
| Trade receivables | 40 | €7,543 | - | -€7,543 | |
| Other amounts receivable | 41 | €28 | €22,340 | +€22,313 | +81137.6% |
| Cash at bank and in hand | 54/58 | €45 | €6,083 | +€6,038 | +13445.5% |
| Deferred charges and accrued income | 490/1 | - | €197 | +€197 | |
| Total equity and liabilities | 10/49 | €29,604 | €130,626 | +€101,022 | +341.2% |
| Equity | 10/15 | -€8,772 | -€4,317 | +€4,454 | +50.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | €12,000 | = | 0.0% |
| Issued capital | 100 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,772 | -€16,317 | +€4,454 | +21.4% |
| Amounts payable | 17/49 | €38,376 | €134,944 | +€96,568 | +251.6% |
| Amounts payable after more than one year | 17 | - | €85,926 | +€85,926 | |
| Financial debts | 170/4 | - | €85,926 | +€85,926 | |
| Amounts payable within one year | 42/48 | €38,376 | €49,018 | +€10,642 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €918 | €1,671 | +€753 | +82.1% |
| Trade debts | 44 | €6,646 | €1,583 | -€5,063 | -76.2% |
| Suppliers | 440/4 | €6,646 | €1,583 | -€5,063 | -76.2% |
| Advances received on contracts in progress | 46 | €13,231 | - | -€13,231 | |
| Taxes, remuneration and social security | 45 | €506 | €7,497 | +€6,991 | +1381.9% |
| Taxes | 450/3 | €506 | €7,497 | +€6,991 | +1381.9% |
| Other amounts payable | 47/48 | €17,075 | €38,266 | +€21,191 | +124.1% |
| Remuneration, social security and pensions | 62 | €15,644 | €14,732 | -€913 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | - | -€4,206 | |
| Other operating charges | 640/8 | €2,881 | €738 | -€2,143 | -74.4% |
| Gross operating margin | 9900 | €2,739 | €22,624 | +€19,886 | +726.0% |
| Operating profit (loss) | 9901 | -€19,992 | €7,155 | +€27,147 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -51.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -51.9% |
| Financial charges | 65/66B | €780 | €2,700 | +€1,921 | +246.3% |
| Recurring financial charges | 65 | €780 | €2,700 | +€1,921 | +246.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,772 | €4,454 | +€25,226 | |
| Profit (loss) for the period | 9904 | -€20,772 | €4,454 | +€25,226 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,772 | €4,454 | +€25,226 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.