Moka: 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.
Moka
Largest movements
- Receivables within one year -€92,718
down €92,718 (-23.3%), from €398,107 to €305,389
of which Trade receivables: -€107,351
- Stocks and contracts +€50,295
new in 2025: €50,295
- Trade debts -€39,053
down €39,053 (-18.1%), from €216,339 to €177,285
- Short-term financial debts +€34,698
up €34,698 (+73.9%), from €46,970 to €81,668
- Debts after one year -€26,705
down €26,705 (-5.0%), from €535,292 to €508,587
- Tax, wage and social debts -€16,975
down €16,975 (-78.8%), from €21,541 to €4,566
of which Taxes: -€16,975
- Gross operating margin -€181,948
down €181,948 (-57.4%), from €316,976 to €135,029
- Depreciation -€81,942
down €81,942 (-73.5%), from €111,480 to €29,537
- Taxes -€44,642
down €44,642 (-85.6%), from €52,172 to €7,530
- Financial charges -€23,639
down €23,639 (-45.4%), from €52,079 to €28,440
of which Financial charges: -€23,908
- Write-downs +€3,392
up €3,392 (+112%), from €3,029 to €6,421
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 | €1,167,169 | €1,126,192 | -€40,977 | -3.5% |
| Fixed assets | 21/28 | €689,311 | €687,380 | -€1,932 | -0.3% |
| Tangible fixed assets | 22/27 | €689,311 | €687,380 | -€1,932 | -0.3% |
| Land and buildings | 22 | €674,788 | €671,718 | -€3,070 | -0.5% |
| Plant, machinery and equipment | 23 | €8 | €1,944 | +€1,936 | +24,205% |
| Furniture and vehicles | 24 | €14,515 | €13,717 | -€798 | -5.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €477,858 | €438,812 | -€39,045 | -8.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €50,295 | +€50,295 | |
| Stocks | 30/36 | - | €50,295 | +€50,295 | |
| Amounts receivable within one year | 40/41 | €398,107 | €305,389 | -€92,718 | -23.3% |
| Trade receivables | 40 | €239,462 | €132,112 | -€107,351 | -44.8% |
| Other amounts receivable | 41 | €158,645 | €173,277 | +€14,632 | +9.2% |
| Cash at bank and in hand | 54/58 | €77,357 | €77,471 | +€114 | +0.1% |
| Deferred charges and accrued income | 490/1 | €2,393 | €5,656 | +€3,264 | +136% |
| Total equity and liabilities | 10/49 | €1,167,169 | €1,126,192 | -€40,977 | -3.5% |
| Equity | 10/15 | €243,286 | €251,651 | +€8,365 | +3.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €235,226 | €243,591 | +€8,365 | +3.6% |
| Distributable reserves | 133 | €235,226 | €243,591 | +€8,365 | +3.6% |
| Amounts payable | 17/49 | €923,882 | €874,541 | -€49,342 | -5.3% |
| Amounts payable after more than one year | 17 | €535,292 | €508,587 | -€26,705 | -5.0% |
| Financial debts | 170/4 | €535,292 | €508,587 | -€26,705 | -5.0% |
| Amounts payable within one year | 42/48 | €388,590 | €365,953 | -€22,637 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €28,012 | €26,705 | -€1,307 | -4.7% |
| Financial debts | 43 | €46,970 | €81,668 | +€34,698 | +73.9% |
| Credit institutions | 430/8 | €46,970 | €81,668 | +€34,698 | +73.9% |
| Trade debts | 44 | €216,339 | €177,285 | -€39,053 | -18.1% |
| Suppliers | 440/4 | €216,339 | €177,285 | -€39,053 | -18.1% |
| Taxes, remuneration and social security | 45 | €21,541 | €4,566 | -€16,975 | -78.8% |
| Taxes | 450/3 | €21,541 | €4,566 | -€16,975 | -78.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,729 | €75,729 | = | 0.0% |
| Non-recurring operating income | 76A | €168,917 | €485 | -€168,433 | -99.7% |
| Remuneration, social security and pensions | 62 | €57,415 | €58,227 | +€812 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,480 | €29,537 | -€81,942 | -73.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,029 | €6,421 | +€3,392 | +112% |
| Other operating charges | 640/8 | €4,957 | €4,662 | -€295 | -6.0% |
| Non-recurring operating charges | 66A | €25,958 | €0 | -€25,958 | -100% |
| Gross operating margin | 9900 | €316,976 | €135,029 | -€181,948 | -57.4% |
| Operating profit (loss) | 9901 | €114,138 | €36,182 | -€77,956 | -68.3% |
| Financial income | 75/76B | €8,959 | €8,153 | -€806 | -9.0% |
| Recurring financial income | 75 | €8,959 | €8,153 | -€806 | -9.0% |
| Financial charges | 65/66B | €52,079 | €28,440 | -€23,639 | -45.4% |
| Recurring financial charges | 65 | €52,079 | €28,172 | -€23,908 | -45.9% |
| Non-recurring financial charges | 66B | - | €268 | +€268 | |
| Profit (loss) for the period before taxes | 9903 | €71,017 | €15,895 | -€55,123 | -77.6% |
| Income taxes | 67/77 | €52,172 | €7,530 | -€44,642 | -85.6% |
| Profit (loss) for the period | 9904 | €18,845 | €8,365 | -€10,481 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,845 | €8,365 | -€10,481 | -55.6% |
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 16 October 2026 via checked.be.