MOGUL: 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.
MOGUL
Largest movements
- Receivables within one year +€419,522
up €419,522 (+635.3%), from €66,030 to €485,552
of which Trade receivables: +€415,591
- Cash +€27,892
up €27,892 (+44.8%), from €62,327 to €90,218
mainly Tax, wage and social debts (+€192,946) and Net result for the year (+€136,876)
- Tangible fixed assets +€7,096
up €7,096 (+42.6%), from €16,654 to €23,750
of which Other tangible fixed assets: +€13,564
- Tax, wage and social debts +€192,946
up €192,946 (+232.5%), from €82,975 to €275,922
of which Remuneration and social security: +€168,561
- Profit (loss) carried forward +€136,876
up €136,876, from -€49,825 to €87,051
- Trade debts +€129,687
up €129,687 (+141.6%), from €91,603 to €221,291
- Gross operating margin +€226,148
up €226,148 (+88.4%), from €255,718 to €481,866
- Staff costs +€47,088
up €47,088 (+20.4%), from €231,247 to €278,335
- Other operating charges +€29,706
up €29,706 (+4848.0%), from €613 to €30,319
- Taxes +€23,735
new in 2024: €23,735
- Financial charges -€9,344
down €9,344 (-75.8%), from €12,319 to €2,976
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,754 | €614,263 | +€459,509 | +296.9% |
| Fixed assets | 21/28 | €16,654 | €28,750 | +€12,096 | +72.6% |
| Tangible fixed assets | 22/27 | €16,654 | €23,750 | +€7,096 | +42.6% |
| Furniture and vehicles | 24 | €16,654 | €10,186 | -€6,468 | -38.8% |
| Other tangible fixed assets | 26 | - | €13,564 | +€13,564 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €138,100 | €585,514 | +€447,413 | +324.0% |
| Stocks and contracts in progress | 3 | €9,743 | €9,743 | = | 0.0% |
| Stocks | 30/36 | €9,743 | €9,743 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,030 | €485,552 | +€419,522 | +635.3% |
| Trade receivables | 40 | €33,794 | €449,385 | +€415,591 | +1229.8% |
| Other amounts receivable | 41 | €32,237 | €36,167 | +€3,930 | +12.2% |
| Cash at bank and in hand | 54/58 | €62,327 | €90,218 | +€27,892 | +44.8% |
| Total equity and liabilities | 10/49 | €154,754 | €614,263 | +€459,509 | +296.9% |
| Equity | 10/15 | -€19,825 | €117,051 | +€136,876 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,825 | €87,051 | +€136,876 | |
| Amounts payable | 17/49 | €174,579 | €497,212 | +€322,633 | +184.8% |
| Amounts payable within one year | 42/48 | €174,579 | €497,212 | +€322,633 | +184.8% |
| Trade debts | 44 | €91,603 | €221,291 | +€129,687 | +141.6% |
| Suppliers | 440/4 | €91,603 | €221,291 | +€129,687 | +141.6% |
| Taxes, remuneration and social security | 45 | €82,975 | €275,922 | +€192,946 | +232.5% |
| Taxes | 450/3 | €55,935 | €80,321 | +€24,385 | +43.6% |
| Remuneration and social security | 454/9 | €27,040 | €195,601 | +€168,561 | +623.4% |
| Remuneration, social security and pensions | 62 | €231,247 | €278,335 | +€47,088 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,093 | €9,628 | +€535 | +5.9% |
| Other operating charges | 640/8 | €613 | €30,319 | +€29,706 | +4848.0% |
| Gross operating margin | 9900 | €255,718 | €481,866 | +€226,148 | +88.4% |
| Operating profit (loss) | 9901 | €14,765 | €163,585 | +€148,820 | +1007.9% |
| Financial income | 75/76B | €917 | €1 | -€915 | -99.9% |
| Recurring financial income | 75 | €917 | €1 | -€915 | -99.9% |
| Financial charges | 65/66B | €12,319 | €2,976 | -€9,344 | -75.8% |
| Recurring financial charges | 65 | €12,319 | €2,976 | -€9,344 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €3,363 | €160,611 | +€157,248 | +4676.3% |
| Income taxes | 67/77 | - | €23,735 | +€23,735 | |
| Profit (loss) for the period | 9904 | €3,363 | €136,876 | +€133,513 | +3970.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,363 | €136,876 | +€133,513 | +3970.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.