MOFRUBEL: 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.
MOFRUBEL
Largest movements
- Tangible fixed assets +€17,868
up €17,868 (+195.0%), from €9,162 to €27,030
of which Plant, machinery and equipment: +€10,449
- Cash +€14,318
up €14,318 (+85.8%), from €16,687 to €31,005
mainly Net result for the year (+€17,333) and Trade debts (+€8,243)
- Deferred charges and accrued income -€1,357
no longer reported in 2025 (was €1,357)
- Receivables within one year +€1,286
up €1,286 (+20.0%), from €6,422 to €7,708
of which Trade receivables: +€2,573
- Profit (loss) carried forward +€17,333
up €17,333 (+110.3%), from €15,712 to €33,044
- Trade debts +€8,243
up €8,243 (+852.5%), from €967 to €9,210
- Advances received +€3,990
new in 2025: €3,990
- Tax, wage and social debts +€2,707
new in 2025: €2,707
- Gross operating margin +€21,651
up €21,651 (+363.8%), from €5,952 to €27,603
- Taxes +€2,524
new in 2025: €2,524
- Depreciation +€495
up €495 (+11.7%), from €4,233 to €4,728
- Other operating charges +€283
up €283 (+31.4%), from €901 to €1,184
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 | €33,753 | €65,868 | +€32,115 | +95.1% |
| Fixed assets | 21/28 | €9,162 | €27,030 | +€17,868 | +195.0% |
| Tangible fixed assets | 22/27 | €9,162 | €27,030 | +€17,868 | +195.0% |
| Land and buildings | 22 | - | €9,100 | +€9,100 | |
| Plant, machinery and equipment | 23 | €4,112 | €14,561 | +€10,449 | +254.1% |
| Furniture and vehicles | 24 | €2,284 | €997 | -€1,287 | -56.3% |
| Other tangible fixed assets | 26 | €2,766 | €2,372 | -€394 | -14.2% |
| Current assets | 29/58 | €24,591 | €38,838 | +€14,247 | +57.9% |
| Amounts receivable within one year | 40/41 | €6,422 | €7,708 | +€1,286 | +20.0% |
| Trade receivables | 40 | €3,412 | €5,985 | +€2,573 | +75.4% |
| Other amounts receivable | 41 | €3,010 | €1,723 | -€1,287 | -42.8% |
| Current investments | 50/53 | €125 | €125 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,687 | €31,005 | +€14,318 | +85.8% |
| Deferred charges and accrued income | 490/1 | €1,357 | - | -€1,357 | |
| Total equity and liabilities | 10/49 | €33,753 | €65,868 | +€32,115 | +95.1% |
| Equity | 10/15 | €29,462 | €46,794 | +€17,333 | +58.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,712 | €33,044 | +€17,333 | +110.3% |
| Amounts payable | 17/49 | €4,291 | €19,074 | +€14,782 | +344.5% |
| Amounts payable within one year | 42/48 | €4,291 | €19,074 | +€14,782 | +344.5% |
| Trade debts | 44 | €967 | €9,210 | +€8,243 | +852.5% |
| Suppliers | 440/4 | €967 | €9,210 | +€8,243 | +852.5% |
| Advances received on contracts in progress | 46 | - | €3,990 | +€3,990 | |
| Taxes, remuneration and social security | 45 | - | €2,707 | +€2,707 | |
| Taxes | 450/3 | - | €2,707 | +€2,707 | |
| Other amounts payable | 47/48 | €3,324 | €3,166 | -€158 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,233 | €4,728 | +€495 | +11.7% |
| Other operating charges | 640/8 | €901 | €1,184 | +€283 | +31.4% |
| Non-recurring operating charges | 66A | €596 | €1,711 | +€1,116 | +187.3% |
| Gross operating margin | 9900 | €5,952 | €27,603 | +€21,651 | +363.8% |
| Operating profit (loss) | 9901 | €221 | €19,979 | +€19,758 | +8927.3% |
| Financial income | 75/76B | €0 | €46 | +€46 | +50866.7% |
| Recurring financial income | 75 | €0 | €46 | +€46 | +50866.7% |
| Financial charges | 65/66B | €172 | €168 | -€3 | -2.0% |
| Recurring financial charges | 65 | €172 | €168 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €50 | €19,857 | +€19,807 | +39917.5% |
| Income taxes | 67/77 | - | €2,524 | +€2,524 | |
| Profit (loss) for the period | 9904 | €50 | €17,333 | +€17,283 | +34830.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €17,333 | +€17,283 | +34830.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.