MOGADOR: 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.
MOGADOR
Largest movements
- Receivables within one year +€170,453
up €170,453 (+94.8%), from €179,723 to €350,176
- Cash -€129,090
down €129,090 (-56.1%), from €230,018 to €100,928
mainly Receivables within one year (-€170,453) and Trade debts (-€21,432)
- Tangible fixed assets -€6,019
down €6,019 (-18.8%), from €32,039 to €26,020
of which Other tangible fixed assets: -€7,563
- Profit (loss) carried forward +€44,556
up €44,556 (+16.7%), from €267,031 to €311,587
- Trade debts -€21,432
down €21,432 (-17.6%), from €121,624 to €100,192
- Tax, wage and social debts +€12,449
up €12,449 (+22.2%), from €56,162 to €68,611
of which Remuneration and social security: +€8,126
- Gross operating margin -€28,717
down €28,717 (-5.7%), from €507,877 to €479,160
- Financial income +€16,844
up €16,844 (+221%), from €7,615 to €24,459
of which Financial income: +€10,385
- Other operating charges +€7,645
up €7,645 (+723%), from €1,058 to €8,703
- Taxes +€5,448
up €5,448 (+28.9%), from €18,836 to €24,284
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 | €449,816 | €485,390 | +€35,574 | +7.9% |
| Fixed assets | 21/28 | €35,831 | €29,112 | -€6,719 | -18.8% |
| Intangible fixed assets | 21 | €3,792 | €3,092 | -€700 | -18.5% |
| Tangible fixed assets | 22/27 | €32,039 | €26,020 | -€6,019 | -18.8% |
| Plant, machinery and equipment | 23 | €6,149 | €4,582 | -€1,567 | -25.5% |
| Furniture and vehicles | 24 | €4,682 | €7,793 | +€3,111 | +66.4% |
| Other tangible fixed assets | 26 | €21,208 | €13,645 | -€7,563 | -35.7% |
| Current assets | 29/58 | €413,986 | €456,278 | +€42,292 | +10.2% |
| Stocks and contracts in progress | 3 | €3,175 | €3,850 | +€675 | +21.3% |
| Stocks | 30/36 | €3,175 | €3,850 | +€675 | +21.3% |
| Amounts receivable within one year | 40/41 | €179,723 | €350,176 | +€170,453 | +94.8% |
| Other amounts receivable | 41 | €179,723 | €350,176 | +€170,453 | +94.8% |
| Cash at bank and in hand | 54/58 | €230,018 | €100,928 | -€129,090 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,324 | +€254 | +23.8% |
| Total equity and liabilities | 10/49 | €449,816 | €485,390 | +€35,574 | +7.9% |
| Equity | 10/15 | €272,031 | €316,587 | +€44,556 | +16.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,031 | €311,587 | +€44,556 | +16.7% |
| Amounts payable | 17/49 | €177,785 | €168,803 | -€8,982 | -5.1% |
| Amounts payable within one year | 42/48 | €177,785 | €168,803 | -€8,982 | -5.1% |
| Trade debts | 44 | €121,624 | €100,192 | -€21,432 | -17.6% |
| Suppliers | 440/4 | €121,624 | €100,192 | -€21,432 | -17.6% |
| Taxes, remuneration and social security | 45 | €56,162 | €68,611 | +€12,449 | +22.2% |
| Taxes | 450/3 | €1,700 | €6,023 | +€4,323 | +254% |
| Remuneration and social security | 454/9 | €54,462 | €62,588 | +€8,126 | +14.9% |
| Non-recurring operating income | 76A | €7,615 | - | -€7,615 | |
| Remuneration, social security and pensions | 62 | €404,271 | €406,117 | +€1,846 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,756 | €11,909 | +€153 | +1.3% |
| Other operating charges | 640/8 | €1,058 | €8,703 | +€7,645 | +723% |
| Gross operating margin | 9900 | €507,877 | €479,160 | -€28,717 | -5.7% |
| Operating profit (loss) | 9901 | €90,792 | €52,431 | -€38,361 | -42.3% |
| Financial income | 75/76B | €7,615 | €24,459 | +€16,844 | +221% |
| Recurring financial income | 75 | €7,615 | €18,000 | +€10,385 | +136% |
| Non-recurring financial income | 76B | €7,615 | €6,459 | -€1,156 | -15.2% |
| Financial charges | 65/66B | €10,180 | €8,051 | -€2,129 | -20.9% |
| Recurring financial charges | 65 | €10,180 | €8,051 | -€2,129 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €88,226 | €68,839 | -€19,387 | -22.0% |
| Income taxes | 67/77 | €18,836 | €24,284 | +€5,448 | +28.9% |
| Profit (loss) for the period | 9904 | €69,391 | €44,555 | -€24,836 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,391 | €44,555 | -€24,836 | -35.8% |
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 29 October 2026 via checked.be.