MOKER: 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.
MOKER
Largest movements
- Stocks and contracts -€8,636
down €8,636 (-74.2%), from €11,636 to €3,000
of which Stocks: -€8,636
- Cash -€7,653
down €7,653 (-2.3%), from €329,744 to €322,091
mainly Net result for the year (-€17,821) and Trade debts (-€5,879)
- Tangible fixed assets -€6,383
down €6,383 (-11.0%), from €58,042 to €51,659
of which Plant, machinery and equipment: -€6,542
- Profit (loss) carried forward -€17,821
new in 2025: -€17,821
- Trade debts -€5,879
down €5,879 (-87.4%), from €6,723 to €844
- Gross operating margin -€154,299
down €154,299 (-99.5%), from €155,072 to €774
- Taxes -€35,508
down €35,508 (-100.0%), from €35,508 to €0
- Staff costs -€24,782
down €24,782 (-100.0%), from €24,782 to €0
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 | €433,724 | €411,792 | -€21,931 | -5.1% |
| Fixed assets | 21/28 | €58,042 | €51,659 | -€6,383 | -11.0% |
| Tangible fixed assets | 22/27 | €58,042 | €51,659 | -€6,383 | -11.0% |
| Land and buildings | 22 | €31,663 | €30,705 | -€958 | -3.0% |
| Plant, machinery and equipment | 23 | €25,799 | €19,257 | -€6,542 | -25.4% |
| Other tangible fixed assets | 26 | €579 | €1,697 | +€1,118 | +192.9% |
| Current assets | 29/58 | €375,682 | €360,133 | -€15,549 | -4.1% |
| Stocks and contracts in progress | 3 | €11,636 | €3,000 | -€8,636 | -74.2% |
| Stocks | 30/36 | €11,636 | €3,000 | -€8,636 | -74.2% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €30,978 | €27,605 | -€3,373 | -10.9% |
| Trade receivables | 40 | €26,484 | €12,600 | -€13,884 | -52.4% |
| Other amounts receivable | 41 | €4,494 | €15,005 | +€10,511 | +233.9% |
| Cash at bank and in hand | 54/58 | €329,744 | €322,091 | -€7,653 | -2.3% |
| Deferred charges and accrued income | 490/1 | €3,324 | €7,437 | +€4,113 | +123.8% |
| Total equity and liabilities | 10/49 | €433,724 | €411,792 | -€21,931 | -5.1% |
| Equity | 10/15 | €403,892 | €386,071 | -€17,821 | -4.4% |
| Contributions | 10/11 | €29,152 | €29,152 | = | 0.0% |
| Reserves | 13 | €374,740 | €374,740 | = | 0.0% |
| Distributable reserves | 133 | €374,740 | €374,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,821 | -€17,821 | |
| Amounts payable | 17/49 | €29,831 | €25,721 | -€4,111 | -13.8% |
| Amounts payable within one year | 42/48 | €29,831 | €21,618 | -€8,214 | -27.5% |
| Trade debts | 44 | €6,723 | €844 | -€5,879 | -87.4% |
| Suppliers | 440/4 | €6,723 | €844 | -€5,879 | -87.4% |
| Taxes, remuneration and social security | 45 | €4,260 | €2,045 | -€2,215 | -52.0% |
| Taxes | 450/3 | €2,612 | €2,045 | -€567 | -21.7% |
| Remuneration and social security | 454/9 | €1,648 | €0 | -€1,648 | -100.0% |
| Other amounts payable | 47/48 | €18,849 | €18,729 | -€120 | -0.6% |
| Accrued charges and deferred income | 492/3 | - | €4,103 | +€4,103 | |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,782 | €0 | -€24,782 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,671 | €8,260 | -€1,411 | -14.6% |
| Other operating charges | 640/8 | €10,183 | €10,089 | -€94 | -0.9% |
| Gross operating margin | 9900 | €155,072 | €774 | -€154,299 | -99.5% |
| Operating profit (loss) | 9901 | €110,436 | -€17,575 | -€128,011 | |
| Financial income | 75/76B | €10 | €17 | +€7 | +71.3% |
| Recurring financial income | 75 | €10 | €17 | +€7 | +71.3% |
| Financial charges | 65/66B | €287 | €263 | -€24 | -8.3% |
| Recurring financial charges | 65 | €287 | €263 | -€24 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €110,159 | -€17,821 | -€127,980 | |
| Income taxes | 67/77 | €35,508 | €0 | -€35,508 | -100.0% |
| Profit (loss) for the period | 9904 | €74,651 | -€17,821 | -€92,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,651 | -€17,821 | -€92,472 |
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 12 October 2026 via checked.be.