MOM: 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.
MOM
Largest movements
- Receivables within one year +€26,262
up €26,262 (+153%), from €17,180 to €43,442
of which Trade receivables: +€43,442
- Tangible fixed assets +€18,562
up €18,562 (+343%), from €5,411 to €23,973
- Stocks and contracts +€16,640
up €16,640 (+229%), from €7,275 to €23,915
- Cash +€9,263
up €9,263 (+27.2%), from €34,052 to €43,315
mainly Net result for the year (+€78,177) and Trade debts (+€13,306)
- Reserves +€72,359
up €72,359 (+2,894%), from €2,500 to €74,859
of which Distributable reserves: +€72,359
- Tax, wage and social debts -€25,387
down €25,387 (-47.1%), from €53,934 to €28,547
of which Taxes: -€28,296
- Trade debts +€13,306
up €13,306 (+1,668%), from €797 to €14,103
- Other debts +€7,208
new in 2025: €7,208
- Profit (loss) carried forward +€5,818
up €5,818, from -€5,818 to €0
- Gross operating margin +€64,115
up €64,115 (+103%), from €62,021 to €126,135
- Taxes -€36,320
down €36,320 (-93.3%), from €38,929 to €2,609
- Other operating charges -€17,616
down €17,616 (-89.3%), from €19,731 to €2,115
- Depreciation +€4,038
up €4,038 (+139%), from €2,900 to €6,938
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 | €86,717 | €157,445 | +€70,728 | +81.6% |
| Fixed assets | 21/28 | €28,211 | €46,773 | +€18,562 | +65.8% |
| Tangible fixed assets | 22/27 | €5,411 | €23,973 | +€18,562 | +343% |
| Furniture and vehicles | 24 | €5,411 | €23,973 | +€18,562 | +343% |
| Financial fixed assets | 28 | €22,800 | €22,800 | = | 0.0% |
| Current assets | 29/58 | €58,507 | €110,673 | +€52,166 | +89.2% |
| Stocks and contracts in progress | 3 | €7,275 | €23,915 | +€16,640 | +229% |
| Stocks | 30/36 | €7,275 | €23,915 | +€16,640 | +229% |
| Amounts receivable within one year | 40/41 | €17,180 | €43,442 | +€26,262 | +153% |
| Trade receivables | 40 | €0 | €43,442 | +€43,442 | |
| Other amounts receivable | 41 | €17,180 | €0 | -€17,180 | -100% |
| Cash at bank and in hand | 54/58 | €34,052 | €43,315 | +€9,263 | +27.2% |
| Total equity and liabilities | 10/49 | €86,717 | €157,445 | +€70,728 | +81.6% |
| Equity | 10/15 | €21,682 | €99,859 | +€78,177 | +361% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €74,859 | +€72,359 | +2,894% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €0 | €72,359 | +€72,359 | |
| Profit (loss) carried forward | 14 | -€5,818 | €0 | +€5,818 | |
| Amounts payable | 17/49 | €65,036 | €57,587 | -€7,449 | -11.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,036 | €57,587 | -€7,449 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €10,304 | €7,728 | -€2,576 | -25.0% |
| Trade debts | 44 | €797 | €14,103 | +€13,306 | +1,668% |
| Suppliers | 440/4 | €797 | €14,103 | +€13,306 | +1,668% |
| Taxes, remuneration and social security | 45 | €53,934 | €28,547 | -€25,387 | -47.1% |
| Taxes | 450/3 | €51,893 | €23,597 | -€28,296 | -54.5% |
| Remuneration and social security | 454/9 | €2,041 | €4,950 | +€2,909 | +143% |
| Other amounts payable | 47/48 | - | €7,208 | +€7,208 | |
| Remuneration, social security and pensions | 62 | €32,543 | €32,212 | -€331 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €6,938 | +€4,038 | +139% |
| Other operating charges | 640/8 | €19,731 | €2,115 | -€17,616 | -89.3% |
| Gross operating margin | 9900 | €62,021 | €126,135 | +€64,115 | +103% |
| Operating profit (loss) | 9901 | €6,846 | €84,871 | +€78,024 | +1,140% |
| Financial income | 75/76B | €0 | €52 | +€52 | +34,373% |
| Recurring financial income | 75 | €0 | €52 | +€52 | +34,373% |
| Financial charges | 65/66B | €4,625 | €4,137 | -€488 | -10.6% |
| Recurring financial charges | 65 | €4,625 | €4,137 | -€488 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €2,221 | €80,786 | +€78,564 | +3,537% |
| Income taxes | 67/77 | €38,929 | €2,609 | -€36,320 | -93.3% |
| Profit (loss) for the period | 9904 | -€36,708 | €78,177 | +€114,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,708 | €78,177 | +€114,885 |
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 31 October 2026 via checked.be.