MOKI: 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.
MOKI
Largest movements
- Financial fixed assets +€655,697
new in 2025: €655,697
- Stocks and contracts -€350,524
down €350,524 (-95.0%), from €368,973 to €18,449
- Cash -€307,807
down €307,807 (-67.1%), from €458,765 to €150,958
mainly Current portion of long-term debt (-€912,222) and Investment in fixed assets (net) (-€858,194)
- Debts after one year +€1.5m
up €1.5m (+1192.2%), from €122,212 to €1.6m
- Current portion of long-term debt -€912,222
down €912,222 (-41.2%), from €2.2m to €1.3m
- Other debts -€452,379
down €452,379 (-94.3%), from €479,643 to €27,265
- Reserves +€159,607
up €159,607 (+40.1%), from €398,320 to €557,927
of which Tax-exempt reserves: +€159,607
- Revaluation surpluses -€119,822
down €119,822 (-15.6%), from €769,569 to €649,747
- Taxes +€139,041
new in 2025: €139,041
- Staff costs -€48,376
down €48,376 (-97.0%), from €49,871 to €1,495
- Depreciation +€24,389
up €24,389 (+16.0%), from €152,821 to €177,210
- Other operating charges -€17,506
down €17,506 (-89.2%), from €19,630 to €2,124
- Gross operating margin +€9,086
up €9,086 (+1.6%), from €570,010 to €579,096
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 | €4,687,171 | €4,754,513 | +€67,342 | +1.4% |
| Fixed assets | 21/28 | €3,318,466 | €3,999,450 | +€680,984 | +20.5% |
| Tangible fixed assets | 22/27 | €3,318,466 | €3,343,752 | +€25,287 | +0.8% |
| Land and buildings | 22 | €2,690,224 | €2,854,914 | +€164,690 | +6.1% |
| Plant, machinery and equipment | 23 | €606,329 | €468,895 | -€137,433 | -22.7% |
| Furniture and vehicles | 24 | €21,913 | €19,942 | -€1,971 | -9.0% |
| Financial fixed assets | 28 | - | €655,697 | +€655,697 | |
| Current assets | 29/58 | €1,368,705 | €755,063 | -€613,642 | -44.8% |
| Stocks and contracts in progress | 3 | €368,973 | €18,449 | -€350,524 | -95.0% |
| Stocks | 30/36 | €368,973 | €18,449 | -€350,524 | -95.0% |
| Amounts receivable within one year | 40/41 | €539,199 | €583,888 | +€44,689 | +8.3% |
| Trade receivables | 40 | €12,962 | €166,651 | +€153,689 | +1185.7% |
| Other amounts receivable | 41 | €526,237 | €417,237 | -€109,000 | -20.7% |
| Cash at bank and in hand | 54/58 | €458,765 | €150,958 | -€307,807 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,769 | €1,769 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,687,171 | €4,754,513 | +€67,342 | +1.4% |
| Equity | 10/15 | €1,713,412 | €1,682,881 | -€30,531 | -1.8% |
| Contributions | 10/11 | €89,614 | €89,614 | = | 0.0% |
| Contributions outside capital | 11 | €89,614 | €89,614 | = | 0.0% |
| Other | 1109/19 | €89,614 | €89,614 | = | 0.0% |
| Revaluation surpluses | 12 | €769,569 | €649,747 | -€119,822 | -15.6% |
| Reserves | 13 | €398,320 | €557,927 | +€159,607 | +40.1% |
| Non-distributable reserves | 130/1 | €1,420 | €1,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,420 | €1,420 | = | 0.0% |
| Tax-exempt reserves | 132 | €335,825 | €495,432 | +€159,607 | +47.5% |
| Distributable reserves | 133 | €61,075 | €61,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,909 | €385,593 | -€70,316 | -15.4% |
| Provisions and deferred taxes | 16 | €111,942 | €165,144 | +€53,202 | +47.5% |
| Deferred taxes | 168 | €111,942 | €165,144 | +€53,202 | +47.5% |
| Amounts payable | 17/49 | €2,861,817 | €2,906,487 | +€44,670 | +1.6% |
| Amounts payable after more than one year | 17 | €122,212 | €1,579,276 | +€1.5m | +1192.2% |
| Financial debts | 170/4 | €122,212 | €1,579,276 | +€1.5m | +1192.2% |
| Amounts payable within one year | 42/48 | €2,739,606 | €1,327,211 | -€1.4m | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €2,212,169 | €1,299,947 | -€912,222 | -41.2% |
| Trade debts | 44 | €36,249 | - | -€36,249 | |
| Suppliers | 440/4 | €36,249 | - | -€36,249 | |
| Taxes, remuneration and social security | 45 | €11,545 | - | -€11,545 | |
| Remuneration and social security | 454/9 | €11,545 | - | -€11,545 | |
| Other amounts payable | 47/48 | €479,643 | €27,265 | -€452,379 | -94.3% |
| Non-recurring operating income | 76A | €502,497 | €311,301 | -€191,196 | -38.0% |
| Remuneration, social security and pensions | 62 | €49,871 | €1,495 | -€48,376 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,821 | €177,210 | +€24,389 | +16.0% |
| Other operating charges | 640/8 | €19,630 | €2,124 | -€17,506 | -89.2% |
| Gross operating margin | 9900 | €570,010 | €579,096 | +€9,086 | +1.6% |
| Operating profit (loss) | 9901 | €347,688 | €398,267 | +€50,579 | +14.5% |
| Financial income | 75/76B | €196 | €4,389 | +€4,193 | +2138.9% |
| Recurring financial income | 75 | €196 | €4,389 | +€4,193 | +2138.9% |
| Financial charges | 65/66B | €119,840 | €121,121 | +€1,281 | +1.1% |
| Recurring financial charges | 65 | €119,840 | €121,121 | +€1,281 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €228,044 | €281,535 | +€53,491 | +23.5% |
| Transfer from deferred taxes | 780 | - | €5,327 | +€5,327 | |
| Income taxes | 67/77 | - | €139,041 | +€139,041 | |
| Profit (loss) for the period | 9904 | €228,044 | €147,821 | -€80,223 | -35.2% |
| Transfer from tax-exempt reserves | 789 | €703,194 | €15,982 | -€687,212 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €931,238 | €163,803 | -€767,435 | -82.4% |
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 11 October 2026 via checked.be.