Mofre: 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.
Mofre
Largest movements
- Receivables within one year +€40,752
up €40,752 (+4.8%), from €842,591 to €883,343
of which Other amounts receivable: +€39,017
- Cash -€22,909
down €22,909 (-70.3%), from €32,598 to €9,689
mainly Trade debts (-€130,068) and Receivables within one year (-€40,752)
- Profit (loss) carried forward +€160,156
up €160,156 (+38.1%), from €420,258 to €580,414
- Trade debts -€130,068
down €130,068 (-51.1%), from €254,483 to €124,416
- Tax, wage and social debts -€19,791
down €19,791 (-13.2%), from €150,259 to €130,467
of which Taxes: -€23,399
- Financial income +€113,669
up €113,669 (+59797.4%), from €190 to €113,859
of which Non-recurring financial income: +€113,802
- Gross operating margin -€35,217
down €35,217 (-4.0%), from €876,827 to €841,610
- Staff costs +€34,847
up €34,847 (+5.4%), from €642,791 to €677,638
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 | €961,840 | €979,732 | +€17,892 | +1.9% |
| Fixed assets | 21/28 | €49,140 | €44,954 | -€4,186 | -8.5% |
| Tangible fixed assets | 22/27 | €43,159 | €38,973 | -€4,186 | -9.7% |
| Plant, machinery and equipment | 23 | €33,076 | €36,271 | +€3,195 | +9.7% |
| Furniture and vehicles | 24 | €10,083 | €2,702 | -€7,381 | -73.2% |
| Financial fixed assets | 28 | €5,981 | €5,981 | = | 0.0% |
| Current assets | 29/58 | €912,700 | €934,778 | +€22,078 | +2.4% |
| Stocks and contracts in progress | 3 | €2,052 | €1,662 | -€390 | -19.0% |
| Stocks | 30/36 | €2,052 | €1,662 | -€390 | -19.0% |
| Amounts receivable within one year | 40/41 | €842,591 | €883,343 | +€40,752 | +4.8% |
| Trade receivables | 40 | €85,217 | €86,952 | +€1,735 | +2.0% |
| Other amounts receivable | 41 | €757,373 | €796,390 | +€39,017 | +5.2% |
| Cash at bank and in hand | 54/58 | €32,598 | €9,689 | -€22,909 | -70.3% |
| Deferred charges and accrued income | 490/1 | €35,459 | €40,084 | +€4,625 | +13.0% |
| Total equity and liabilities | 10/49 | €961,840 | €979,732 | +€17,892 | +1.9% |
| Equity | 10/15 | €481,612 | €641,768 | +€160,156 | +33.3% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €5,578 | €5,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €420,258 | €580,414 | +€160,156 | +38.1% |
| Amounts payable | 17/49 | €480,228 | €337,964 | -€142,264 | -29.6% |
| Amounts payable within one year | 42/48 | €477,825 | €335,768 | -€142,057 | -29.7% |
| Financial debts | 43 | €11,144 | €11,530 | +€387 | +3.5% |
| Credit institutions | 430/8 | €11,144 | €11,530 | +€387 | +3.5% |
| Trade debts | 44 | €254,483 | €124,416 | -€130,068 | -51.1% |
| Suppliers | 440/4 | €254,483 | €124,416 | -€130,068 | -51.1% |
| Taxes, remuneration and social security | 45 | €150,259 | €130,467 | -€19,791 | -13.2% |
| Taxes | 450/3 | €101,766 | €78,367 | -€23,399 | -23.0% |
| Remuneration and social security | 454/9 | €48,492 | €52,100 | +€3,608 | +7.4% |
| Other amounts payable | 47/48 | €61,939 | €69,355 | +€7,415 | +12.0% |
| Accrued charges and deferred income | 492/3 | €2,403 | €2,196 | -€207 | -8.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €642,791 | €677,638 | +€34,847 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,791 | €15,450 | +€4,659 | +43.2% |
| Other operating charges | 640/8 | €24,159 | €26,540 | +€2,380 | +9.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €876,827 | €841,610 | -€35,217 | -4.0% |
| Operating profit (loss) | 9901 | €199,085 | €121,983 | -€77,102 | -38.7% |
| Financial income | 75/76B | €190 | €113,859 | +€113,669 | +59797.4% |
| Recurring financial income | 75 | €190 | €57 | -€133 | -69.9% |
| Non-recurring financial income | 76B | - | €113,802 | +€113,802 | |
| Financial charges | 65/66B | €15,017 | €14,561 | -€456 | -3.0% |
| Recurring financial charges | 65 | €15,017 | €14,561 | -€456 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €184,258 | €221,280 | +€37,022 | +20.1% |
| Income taxes | 67/77 | €55,564 | €61,124 | +€5,560 | +10.0% |
| Profit (loss) for the period | 9904 | €128,694 | €160,156 | +€31,462 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €128,694 | €160,156 | +€31,462 | +24.4% |
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 1 October 2026 via checked.be.