MOHA STABLES: 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.
MOHA STABLES
Largest movements
- Tangible fixed assets +€370,959
up €370,959 (+33.6%), from €1.1m to €1.5m
of which Plant, machinery and equipment: +€429,292
- Receivables within one year +€53,332
up €53,332 (+144.3%), from €36,962 to €90,294
of which Trade receivables: +€76,362
- Revaluation surpluses +€425,000
new in 2025: €425,000
- Short-term financial debts +€134,286
new in 2025: €134,286
of which Credit institutions: +€125,000
- Profit (loss) carried forward -€70,049
down €70,049 (-43.4%), from €161,367 to €91,319
- Debts after one year -€57,534
down €57,534 (-8.4%), from €682,138 to €624,604
- Gross operating margin -€419,171
down €419,171 (-96.3%), from €435,295 to €16,124
- Staff costs -€125,594
down €125,594 (-100.0%), from €125,605 to €11
- Depreciation -€89,763
down €89,763 (-58.9%), from €152,461 to €62,698
- Taxes -€35,308
no longer reported in 2025 (was €35,308)
- Financial charges -€29,836
down €29,836 (-64.9%), from €45,968 to €16,132
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 | €1,149,527 | €1,570,112 | +€420,586 | +36.6% |
| Fixed assets | 21/28 | €1,103,966 | €1,474,925 | +€370,959 | +33.6% |
| Tangible fixed assets | 22/27 | €1,103,966 | €1,474,925 | +€370,959 | +33.6% |
| Land and buildings | 22 | €615,643 | €575,039 | -€40,605 | -6.6% |
| Plant, machinery and equipment | 23 | €436,293 | €865,585 | +€429,292 | +98.4% |
| Furniture and vehicles | 24 | €37,644 | €18,370 | -€19,274 | -51.2% |
| Other tangible fixed assets | 26 | €14,386 | €15,931 | +€1,546 | +10.7% |
| Current assets | 29/58 | €45,560 | €95,188 | +€49,627 | +108.9% |
| Stocks and contracts in progress | 3 | - | €2,500 | +€2,500 | |
| Stocks | 30/36 | - | €2,500 | +€2,500 | |
| Amounts receivable within one year | 40/41 | €36,962 | €90,294 | +€53,332 | +144.3% |
| Trade receivables | 40 | €7,514 | €83,876 | +€76,362 | +1016.3% |
| Other amounts receivable | 41 | €29,448 | €6,418 | -€23,030 | -78.2% |
| Cash at bank and in hand | 54/58 | €4,918 | - | -€4,918 | |
| Deferred charges and accrued income | 490/1 | €3,680 | €2,393 | -€1,287 | -35.0% |
| Total equity and liabilities | 10/49 | €1,149,527 | €1,570,112 | +€420,586 | +36.6% |
| Equity | 10/15 | €204,966 | €559,918 | +€354,951 | +173.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €425,000 | +€425,000 | |
| Reserves | 13 | €13,599 | €13,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,490 | €2,490 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,490 | €2,490 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,109 | €11,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,367 | €91,319 | -€70,049 | -43.4% |
| Amounts payable | 17/49 | €944,560 | €1,010,195 | +€65,634 | +6.9% |
| Amounts payable after more than one year | 17 | €682,138 | €624,604 | -€57,534 | -8.4% |
| Financial debts | 170/4 | €682,138 | €624,604 | -€57,534 | -8.4% |
| Amounts payable within one year | 42/48 | €262,423 | €385,591 | +€123,168 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €74,166 | €62,421 | -€11,745 | -15.8% |
| Financial debts | 43 | - | €134,286 | +€134,286 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Other loans | 439 | - | €9,286 | +€9,286 | |
| Trade debts | 44 | - | €2,536 | +€2,536 | |
| Suppliers | 440/4 | - | €2,536 | +€2,536 | |
| Taxes, remuneration and social security | 45 | €614 | - | -€614 | |
| Taxes | 450/3 | €614 | - | -€614 | |
| Other amounts payable | 47/48 | €187,642 | €186,348 | -€1,294 | -0.7% |
| Remuneration, social security and pensions | 62 | €125,605 | €11 | -€125,594 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,461 | €62,698 | -€89,763 | -58.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,219 | - | -€10,219 | |
| Other operating charges | 640/8 | €4,712 | €7,365 | +€2,653 | +56.3% |
| Gross operating margin | 9900 | €435,295 | €16,124 | -€419,171 | -96.3% |
| Operating profit (loss) | 9901 | €142,299 | -€53,950 | -€196,248 | |
| Financial income | 75/76B | €1,240 | €33 | -€1,206 | -97.3% |
| Recurring financial income | 75 | €1,240 | €33 | -€1,206 | -97.3% |
| Financial charges | 65/66B | €45,968 | €16,132 | -€29,836 | -64.9% |
| Recurring financial charges | 65 | €45,968 | €16,132 | -€29,836 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €97,570 | -€70,049 | -€167,619 | |
| Income taxes | 67/77 | €35,308 | - | -€35,308 | |
| Profit (loss) for the period | 9904 | €62,263 | -€70,049 | -€132,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,263 | -€70,049 | -€132,311 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.