MOGRO: 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.
MOGRO
Largest movements
- Cash +€639,665
up €639,665 (+310%), from €206,434 to €846,099
mainly Depreciation (+€611,691) and Other debts (+€488,921)
- Tangible fixed assets -€485,783
down €485,783 (-2.6%), from €18.5m to €18.0m
of which Land and buildings: -€356,689
- Debts after one year -€550,000
down €550,000 (-8.0%), from €6.9m to €6.3m
- Other debts +€488,921
up €488,921 (+31.5%), from €1.6m to €2.0m
- Reserves +€432,268
up €432,268 (+19.9%), from €2.2m to €2.6m
of which Distributable reserves: +€410,655
- Trade debts -€240,121
down €240,121 (-63.5%), from €377,859 to €137,738
- Staff costs +€211,794
up €211,794 (+80.0%), from €264,648 to €476,442
- Taxes -€43,558
down €43,558 (-24.0%), from €181,230 to €137,672
- Financial charges -€41,859
down €41,859 (-11.7%), from €356,284 to €314,426
- Gross operating margin -€35,412
down €35,412 (-1.8%), from €2.0m to €1.9m
- Financial income +€26,000
new in 2025: €26,000
of which Financial income: +€26,000
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 | €18,854,395 | €18,954,285 | +€99,890 | +0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,453,098 | €17,967,314 | -€485,783 | -2.6% |
| Tangible fixed assets | 22/27 | €18,453,098 | €17,967,314 | -€485,783 | -2.6% |
| Land and buildings | 22 | €16,520,240 | €16,163,550 | -€356,689 | -2.2% |
| Plant, machinery and equipment | 23 | €774,523 | €678,845 | -€95,678 | -12.4% |
| Furniture and vehicles | 24 | €2,274 | €1,895 | -€379 | -16.7% |
| Other tangible fixed assets | 26 | €1,156,061 | €1,123,024 | -€33,037 | -2.9% |
| Current assets | 29/58 | €401,298 | €986,971 | +€585,673 | +146% |
| Amounts receivable within one year | 40/41 | €147,309 | €103,275 | -€44,034 | -29.9% |
| Trade receivables | 40 | €4,262 | - | -€4,262 | |
| Other amounts receivable | 41 | €143,046 | €103,275 | -€39,772 | -27.8% |
| Current investments | 50/53 | €43,462 | €34,213 | -€9,248 | -21.3% |
| Cash at bank and in hand | 54/58 | €206,434 | €846,099 | +€639,665 | +310% |
| Deferred charges and accrued income | 490/1 | €4,093 | €3,384 | -€710 | -17.3% |
| Total equity and liabilities | 10/49 | €18,854,395 | €18,954,285 | +€99,890 | +0.5% |
| Equity | 10/15 | €9,283,258 | €9,715,526 | +€432,268 | +4.7% |
| Contributions | 10/11 | €7,106,125 | €7,106,125 | = | 0.0% |
| Capital | 10 | €7,106,125 | €7,106,125 | = | 0.0% |
| Issued capital | 100 | €7,106,125 | €7,106,125 | = | 0.0% |
| Reserves | 13 | €2,177,134 | €2,609,402 | +€432,268 | +19.9% |
| Non-distributable reserves | 130/1 | €65,662 | €87,275 | +€21,613 | +32.9% |
| Legal reserve | 130 | €65,662 | €87,275 | +€21,613 | +32.9% |
| Distributable reserves | 133 | €2,111,472 | €2,522,126 | +€410,655 | +19.4% |
| Amounts payable | 17/49 | €9,571,137 | €9,238,759 | -€332,378 | -3.5% |
| Amounts payable after more than one year | 17 | €6,858,334 | €6,308,334 | -€550,000 | -8.0% |
| Financial debts | 170/4 | €6,858,334 | €6,308,334 | -€550,000 | -8.0% |
| Amounts payable within one year | 42/48 | €2,546,988 | €2,784,610 | +€237,622 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €550,000 | €550,000 | = | 0.0% |
| Trade debts | 44 | €377,859 | €137,738 | -€240,121 | -63.5% |
| Suppliers | 440/4 | €377,859 | €137,738 | -€240,121 | -63.5% |
| Advances received on contracts in progress | 46 | €26,000 | - | -€26,000 | |
| Taxes, remuneration and social security | 45 | €39,710 | €54,533 | +€14,822 | +37.3% |
| Remuneration and social security | 454/9 | €39,710 | €54,533 | +€14,822 | +37.3% |
| Other amounts payable | 47/48 | €1,553,419 | €2,042,340 | +€488,921 | +31.5% |
| Accrued charges and deferred income | 492/3 | €165,815 | €145,815 | -€20,000 | -12.1% |
| Remuneration, social security and pensions | 62 | €264,648 | €476,442 | +€211,794 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €614,969 | €611,691 | -€3,278 | -0.5% |
| Other operating charges | 640/8 | €12,214 | €280 | -€11,934 | -97.7% |
| Gross operating margin | 9900 | €1,982,190 | €1,946,778 | -€35,412 | -1.8% |
| Operating profit (loss) | 9901 | €1,090,359 | €858,365 | -€231,993 | -21.3% |
| Financial income | 75/76B | - | €26,000 | +€26,000 | |
| Recurring financial income | 75 | - | €26,000 | +€26,000 | |
| Non-recurring financial income | 76B | - | €26,000 | +€26,000 | |
| Financial charges | 65/66B | €356,284 | €314,426 | -€41,859 | -11.7% |
| Recurring financial charges | 65 | €356,284 | €314,426 | -€41,859 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €734,074 | €569,940 | -€164,135 | -22.4% |
| Income taxes | 67/77 | €181,230 | €137,672 | -€43,558 | -24.0% |
| Profit (loss) for the period | 9904 | €552,845 | €432,268 | -€120,577 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €552,845 | €432,268 | -€120,577 | -21.8% |
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 20 October 2026 via checked.be.