MOJE: 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.
MOJE
Largest movements
- Tangible fixed assets +€159,112
up €159,112 (+51560.9%), from €309 to €159,420
of which Assets under construction and advance payments: +€159,420
- Current investments +€126,000
new in 2025: €126,000
- Cash -€101,679
down €101,679 (-49.1%), from €206,920 to €105,241
mainly Contributions, distributions and other (-€229,763) and Investment in fixed assets (net) (-€159,420)
- Receivables within one year +€8,636
new in 2025: €8,636
- Deferred charges and accrued income +€4,582
up €4,582 (+30.9%), from €14,835 to €19,416
- Other debts +€226,641
up €226,641 (+7261.2%), from €3,121 to €229,763
- Profit (loss) carried forward -€176,165
down €176,165 (-100.0%), from €176,165 to €0
- Debts after one year +€167,745
new in 2025: €167,745
- Tax, wage and social debts -€19,540
down €19,540 (-52.8%), from €36,992 to €17,452
- Gross operating margin -€8,659
down €8,659 (-10.6%), from €81,950 to €73,291
- Financial charges +€3,599
up €3,599 (+5108.9%), from €70 to €3,670
- Taxes -€3,504
down €3,504 (-19.6%), from €17,896 to €14,392
- Other operating charges +€2,245
up €2,245 (+3518.8%), from €64 to €2,309
- Financial income -€1,580
down €1,580 (-61.6%), from €2,566 to €985
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 | €222,063 | €418,714 | +€196,651 | +88.6% |
| Fixed assets | 21/28 | €309 | €159,420 | +€159,112 | +51560.9% |
| Tangible fixed assets | 22/27 | €309 | €159,420 | +€159,112 | +51560.9% |
| Furniture and vehicles | 24 | €309 | €0 | -€309 | -100.0% |
| Assets under construction and advance payments | 27 | - | €159,420 | +€159,420 | |
| Current assets | 29/58 | €221,754 | €259,294 | +€37,539 | +16.9% |
| Amounts receivable within one year | 40/41 | - | €8,636 | +€8,636 | |
| Other amounts receivable | 41 | - | €8,636 | +€8,636 | |
| Current investments | 50/53 | - | €126,000 | +€126,000 | |
| Cash at bank and in hand | 54/58 | €206,920 | €105,241 | -€101,679 | -49.1% |
| Deferred charges and accrued income | 490/1 | €14,835 | €19,416 | +€4,582 | +30.9% |
| Total equity and liabilities | 10/49 | €222,063 | €418,714 | +€196,651 | +88.6% |
| Equity | 10/15 | €178,165 | €2,000 | -€176,165 | -98.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,165 | €0 | -€176,165 | -100.0% |
| Amounts payable | 17/49 | €43,898 | €416,714 | +€372,816 | +849.3% |
| Amounts payable after more than one year | 17 | - | €167,745 | +€167,745 | |
| Financial debts | 170/4 | - | €167,745 | +€167,745 | |
| Amounts payable within one year | 42/48 | €43,898 | €248,969 | +€205,071 | +467.2% |
| Financial debts | 43 | €3,339 | €603 | -€2,736 | -81.9% |
| Credit institutions | 430/8 | €3,339 | €603 | -€2,736 | -81.9% |
| Trade debts | 44 | €445 | €1,151 | +€706 | +158.7% |
| Suppliers | 440/4 | €445 | €1,151 | +€706 | +158.7% |
| Taxes, remuneration and social security | 45 | €36,992 | €17,452 | -€19,540 | -52.8% |
| Taxes | 450/3 | €36,992 | €17,452 | -€19,540 | -52.8% |
| Other amounts payable | 47/48 | €3,121 | €229,763 | +€226,641 | +7261.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €634 | €309 | -€326 | -51.4% |
| Other operating charges | 640/8 | €64 | €2,309 | +€2,245 | +3518.8% |
| Gross operating margin | 9900 | €81,950 | €73,291 | -€8,659 | -10.6% |
| Operating profit (loss) | 9901 | €81,252 | €70,674 | -€10,578 | -13.0% |
| Financial income | 75/76B | €2,566 | €985 | -€1,580 | -61.6% |
| Recurring financial income | 75 | €2,566 | €985 | -€1,580 | -61.6% |
| Financial charges | 65/66B | €70 | €3,670 | +€3,599 | +5108.9% |
| Recurring financial charges | 65 | €70 | €3,670 | +€3,599 | +5108.9% |
| Profit (loss) for the period before taxes | 9903 | €83,747 | €67,989 | -€15,757 | -18.8% |
| Income taxes | 67/77 | €17,896 | €14,392 | -€3,504 | -19.6% |
| Profit (loss) for the period | 9904 | €65,851 | €53,597 | -€12,254 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,851 | €53,597 | -€12,254 | -18.6% |
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 29 September 2026 via checked.be.