MOGA: 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.
MOGA
Largest movements
- Tangible fixed assets -€82,290
down €82,290 (-74.8%), from €109,990 to €27,700
of which Land and buildings: -€81,461
- Receivables within one year +€32,121
up €32,121 (+8.3%), from €385,287 to €417,408
- Reserves -€39,283
down €39,283 (-31.7%), from €123,810 to €84,527
of which Tax-exempt reserves: -€39,283
- Provisions -€13,094
down €13,094 (-100.0%), from €13,094 to €0
- Other operating charges +€59,849
up €59,849 (+2357.0%), from €2,539 to €62,389
- Depreciation -€6,356
down €6,356 (-74.8%), from €8,495 to €2,140
- Taxes -€2,161
down €2,161 (-59.1%), from €3,656 to €1,495
- Financial charges +€2,084
up €2,084 (+3103.2%), from €67 to €2,151
- Gross operating margin +€1,816
up €1,816 (+10.6%), from €17,124 to €18,941
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 | €497,932 | €449,075 | -€48,857 | -9.8% |
| Fixed assets | 21/28 | €109,990 | €27,700 | -€82,290 | -74.8% |
| Tangible fixed assets | 22/27 | €109,990 | €27,700 | -€82,290 | -74.8% |
| Land and buildings | 22 | €106,767 | €25,306 | -€81,461 | -76.3% |
| Plant, machinery and equipment | 23 | €980 | €735 | -€245 | -25.0% |
| Furniture and vehicles | 24 | €2,243 | €1,660 | -€584 | -26.0% |
| Current assets | 29/58 | €387,942 | €421,375 | +€33,433 | +8.6% |
| Amounts receivable within one year | 40/41 | €385,287 | €417,408 | +€32,121 | +8.3% |
| Other amounts receivable | 41 | €385,287 | €417,408 | +€32,121 | +8.3% |
| Cash at bank and in hand | 54/58 | €803 | €3,967 | +€3,164 | +394.2% |
| Deferred charges and accrued income | 490/1 | €1,852 | €0 | -€1,852 | -100.0% |
| Total equity and liabilities | 10/49 | €497,932 | €449,075 | -€48,857 | -9.8% |
| Equity | 10/15 | €479,310 | €443,209 | -€36,101 | -7.5% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €123,810 | €84,527 | -€39,283 | -31.7% |
| Non-distributable reserves | 130/1 | €3,966 | €3,966 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,966 | €3,966 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,959 | €11,676 | -€39,283 | -77.1% |
| Distributable reserves | 133 | €68,884 | €68,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,764 | €209,946 | +€3,182 | +1.5% |
| Provisions and deferred taxes | 16 | €13,094 | €0 | -€13,094 | -100.0% |
| Deferred taxes | 168 | €13,094 | €0 | -€13,094 | -100.0% |
| Amounts payable | 17/49 | €5,528 | €5,866 | +€339 | +6.1% |
| Amounts payable within one year | 42/48 | €5,528 | €5,866 | +€339 | +6.1% |
| Trade debts | 44 | €1,873 | €718 | -€1,155 | -61.7% |
| Suppliers | 440/4 | €1,873 | €718 | -€1,155 | -61.7% |
| Taxes, remuneration and social security | 45 | €3,655 | €5,148 | +€1,494 | +40.9% |
| Taxes | 450/3 | €3,655 | €5,148 | +€1,494 | +40.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,495 | €2,140 | -€6,356 | -74.8% |
| Other operating charges | 640/8 | €2,539 | €62,389 | +€59,849 | +2357.0% |
| Gross operating margin | 9900 | €17,124 | €18,941 | +€1,816 | +10.6% |
| Operating profit (loss) | 9901 | €6,090 | -€45,588 | -€51,677 | |
| Financial income | 75/76B | €5 | €38 | +€33 | +715.2% |
| Recurring financial income | 75 | €5 | €38 | +€33 | +715.2% |
| Financial charges | 65/66B | €67 | €2,151 | +€2,084 | +3103.2% |
| Recurring financial charges | 65 | €67 | €2,151 | +€2,084 | +3103.2% |
| Profit (loss) for the period before taxes | 9903 | €6,027 | -€47,701 | -€53,728 | |
| Transfer from deferred taxes | 780 | €1,647 | €13,094 | +€11,448 | +695.1% |
| Income taxes | 67/77 | €3,656 | €1,495 | -€2,161 | -59.1% |
| Profit (loss) for the period | 9904 | €4,018 | -€36,101 | -€40,119 | |
| Transfer from tax-exempt reserves | 789 | €4,940 | €39,283 | +€34,343 | +695.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,958 | €3,182 | -€5,777 | -64.5% |
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 4 October 2026 via checked.be.