MOFI: 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.
MOFI
Largest movements
- Receivables within one year +€27,965
up €27,965 (+496%), from €5,635 to €33,601
of which Other amounts receivable: +€16,477
- Tangible fixed assets +€26,418
up €26,418 (+59.5%), from €44,407 to €70,825
of which Plant, machinery and equipment: +€16,679
- Deferred charges and accrued income -€22,088
down €22,088 (-69.2%), from €31,915 to €9,827
- Cash -€8,135
down €8,135 (-21.2%), from €38,440 to €30,305
mainly Investment in fixed assets (net) (-€38,585) and Receivables within one year (-€27,965)
- Profit (loss) carried forward +€38,312
up €38,312, from -€32,665 to €5,647
- Other debts -€23,001
down €23,001 (-45.1%), from €50,964 to €27,963
- Tax, wage and social debts +€17,741
up €17,741 (+38.0%), from €46,640 to €64,382
of which Remuneration and social security: +€18,825
- Trade debts -€10,264
down €10,264 (-22.4%), from €45,789 to €35,525
- Gross operating margin +€19,730
up €19,730 (+8.5%), from €230,774 to €250,504
- Staff costs +€3,095
up €3,095 (+1.6%), from €191,714 to €194,809
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 | €166,004 | €188,791 | +€22,788 | +13.7% |
| Fixed assets | 21/28 | €46,821 | €73,239 | +€26,418 | +56.4% |
| Tangible fixed assets | 22/27 | €44,407 | €70,825 | +€26,418 | +59.5% |
| Plant, machinery and equipment | 23 | €40,735 | €57,414 | +€16,679 | +40.9% |
| Furniture and vehicles | 24 | €3,673 | €13,411 | +€9,739 | +265% |
| Financial fixed assets | 28 | €2,414 | €2,414 | = | 0.0% |
| Current assets | 29/58 | €119,182 | €115,552 | -€3,630 | -3.0% |
| Stocks and contracts in progress | 3 | €43,193 | €41,820 | -€1,373 | -3.2% |
| Stocks | 30/36 | €43,193 | €41,820 | -€1,373 | -3.2% |
| Amounts receivable within one year | 40/41 | €5,635 | €33,601 | +€27,965 | +496% |
| Trade receivables | 40 | €3,887 | €15,375 | +€11,488 | +296% |
| Other amounts receivable | 41 | €1,748 | €18,226 | +€16,477 | +943% |
| Cash at bank and in hand | 54/58 | €38,440 | €30,305 | -€8,135 | -21.2% |
| Deferred charges and accrued income | 490/1 | €31,915 | €9,827 | -€22,088 | -69.2% |
| Total equity and liabilities | 10/49 | €166,004 | €188,791 | +€22,788 | +13.7% |
| Equity | 10/15 | €22,593 | €60,905 | +€38,312 | +170% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €36,666 | €36,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €8,547 | €8,547 | = | 0.0% |
| Distributable reserves | 133 | €26,260 | €26,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,665 | €5,647 | +€38,312 | |
| Amounts payable | 17/49 | €143,410 | €127,886 | -€15,524 | -10.8% |
| Amounts payable within one year | 42/48 | €143,410 | €127,886 | -€15,524 | -10.8% |
| Financial debts | 43 | €17 | €17 | = | 0.0% |
| Credit institutions | 430/8 | €17 | €17 | = | 0.0% |
| Trade debts | 44 | €45,789 | €35,525 | -€10,264 | -22.4% |
| Suppliers | 440/4 | €45,789 | €35,525 | -€10,264 | -22.4% |
| Taxes, remuneration and social security | 45 | €46,640 | €64,382 | +€17,741 | +38.0% |
| Taxes | 450/3 | €18,298 | €17,214 | -€1,084 | -5.9% |
| Remuneration and social security | 454/9 | €28,342 | €47,167 | +€18,825 | +66.4% |
| Other amounts payable | 47/48 | €50,964 | €27,963 | -€23,001 | -45.1% |
| Remuneration, social security and pensions | 62 | €191,714 | €194,809 | +€3,095 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,255 | €12,167 | +€1,911 | +18.6% |
| Other operating charges | 640/8 | €5,161 | €4,801 | -€360 | -7.0% |
| Gross operating margin | 9900 | €230,774 | €250,504 | +€19,730 | +8.5% |
| Operating profit (loss) | 9901 | €23,644 | €38,727 | +€15,083 | +63.8% |
| Financial charges | 65/66B | €884 | €416 | -€468 | -53.0% |
| Recurring financial charges | 65 | €884 | €416 | -€468 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €22,760 | €38,312 | +€15,552 | +68.3% |
| Profit (loss) for the period | 9904 | €22,760 | €38,312 | +€15,552 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,760 | €38,312 | +€15,552 | +68.3% |
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 17 October 2026 via checked.be.