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
- Receivables within one year +€19,506
up €19,506 (+61.1%), from €31,902 to €51,408
- Cash -€14,378
down €14,378 (-57.3%), from €25,095 to €10,718
mainly Receivables within one year (-€19,506) and Trade debts (-€6,151)
- Deferred charges and accrued income +€4,926
new in 2025: €4,926
- Financial fixed assets -€3,000
down €3,000 (-96.8%), from €3,100 to €100
- Tax, wage and social debts +€7,854
up €7,854 (+73.9%), from €10,623 to €18,478
of which Remuneration and social security: +€10,571
- Trade debts -€6,151
down €6,151 (-28.9%), from €21,299 to €15,148
of which Suppliers: -€7,990
- Accrued charges and deferred income +€2,359
up €2,359 (+1343.9%), from €176 to €2,535
- Profit (loss) carried forward +€2,175
up €2,175 (+33.5%), from -€6,500 to -€4,325
- Gross operating margin +€54,572
up €54,572 (+1449.8%), from €3,764 to €58,336
- Staff costs +€50,399
up €50,399 (+4090.8%), from €1,232 to €51,631
- Depreciation +€866
up €866 (+79.9%), from €1,084 to €1,950
- Financial income -€823
down €823 (-88.0%), from €934 to €112
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 | €65,375 | €72,172 | +€6,798 | +10.4% |
| Fixed assets | 21/28 | €8,377 | €5,120 | -€3,257 | -38.9% |
| Tangible fixed assets | 22/27 | €5,277 | €5,020 | -€257 | -4.9% |
| Furniture and vehicles | 24 | €5,277 | €5,020 | -€257 | -4.9% |
| Financial fixed assets | 28 | €3,100 | €100 | -€3,000 | -96.8% |
| Current assets | 29/58 | €56,998 | €67,052 | +€10,054 | +17.6% |
| Amounts receivable within one year | 40/41 | €31,902 | €51,408 | +€19,506 | +61.1% |
| Trade receivables | 40 | €31,902 | €51,408 | +€19,506 | +61.1% |
| Cash at bank and in hand | 54/58 | €25,095 | €10,718 | -€14,378 | -57.3% |
| Deferred charges and accrued income | 490/1 | - | €4,926 | +€4,926 | |
| Total equity and liabilities | 10/49 | €65,375 | €72,172 | +€6,798 | +10.4% |
| Equity | 10/15 | €1,500 | €3,675 | +€2,175 | +145.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,500 | -€4,325 | +€2,175 | +33.5% |
| Amounts payable | 17/49 | €63,875 | €68,497 | +€4,622 | +7.2% |
| Amounts payable within one year | 42/48 | €63,699 | €65,963 | +€2,263 | +3.6% |
| Trade debts | 44 | €21,299 | €15,148 | -€6,151 | -28.9% |
| Suppliers | 440/4 | €21,299 | €13,309 | -€7,990 | -37.5% |
| Bills of exchange payable | 441 | - | €1,838 | +€1,838 | |
| Taxes, remuneration and social security | 45 | €10,623 | €18,478 | +€7,854 | +73.9% |
| Taxes | 450/3 | €10,518 | €7,802 | -€2,716 | -25.8% |
| Remuneration and social security | 454/9 | €105 | €10,676 | +€10,571 | +10037.7% |
| Other amounts payable | 47/48 | €31,777 | €32,337 | +€560 | +1.8% |
| Accrued charges and deferred income | 492/3 | €176 | €2,535 | +€2,359 | +1343.9% |
| Remuneration, social security and pensions | 62 | €1,232 | €51,631 | +€50,399 | +4090.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €1,950 | +€866 | +79.9% |
| Other operating charges | 640/8 | €1,207 | €1,412 | +€205 | +17.0% |
| Gross operating margin | 9900 | €3,764 | €58,336 | +€54,572 | +1449.8% |
| Operating profit (loss) | 9901 | €241 | €3,344 | +€3,103 | +1285.1% |
| Financial income | 75/76B | €934 | €112 | -€823 | -88.0% |
| Recurring financial income | 75 | €934 | €112 | -€823 | -88.0% |
| Financial charges | 65/66B | €319 | €581 | +€262 | +82.3% |
| Recurring financial charges | 65 | €319 | €581 | +€262 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €857 | €2,875 | +€2,018 | +235.4% |
| Income taxes | 67/77 | €600 | €700 | +€100 | +16.7% |
| Profit (loss) for the period | 9904 | €257 | €2,175 | +€1,918 | +745.8% |
| Profit (loss) for the period to be appropriated | 9905 | €257 | €2,175 | +€1,918 | +745.8% |
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 7 October 2026 via checked.be.