MOMA: 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.
MOMA
Largest movements
- Stocks and contracts -€34,090
down €34,090 (-59.2%), from €57,628 to €23,538
- Receivables within one year +€8,752
up €8,752 (+8.1%), from €107,749 to €116,501
of which Other amounts receivable: +€9,236
- Cash -€2,559
down €2,559 (-72.1%), from €3,548 to €989
mainly Debts after one year (-€17,635) and Receivables within one year (-€8,752)
- Debts after one year -€17,635
down €17,635 (-6.3%), from €281,578 to €263,943
- Profit (loss) carried forward -€8,342
down €8,342 (-1.0%), from -€859,358 to -€867,700
- Trade debts -€1,921
down €1,921 (-14.2%), from €13,504 to €11,584
- Write-downs -€91,715
down €91,715, from €39,144 to -€52,571
- Other operating charges +€56,624
up €56,624 (+11205.1%), from €505 to €57,129
- Financial income +€31,561
up €31,561 (+105204700.0%), from €0 to €31,561
- Gross operating margin +€16,136
up €16,136 (+43.5%), from -€37,112 to -€20,976
- Financial charges +€14,195
up €14,195 (+8135.3%), from €174 to €14,370
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 | €168,924 | €141,027 | -€27,898 | -16.5% |
| Current assets | 29/58 | €168,924 | €141,027 | -€27,898 | -16.5% |
| Stocks and contracts in progress | 3 | €57,628 | €23,538 | -€34,090 | -59.2% |
| Stocks | 30/36 | €57,628 | €23,538 | -€34,090 | -59.2% |
| Amounts receivable within one year | 40/41 | €107,749 | €116,501 | +€8,752 | +8.1% |
| Trade receivables | 40 | €62,893 | €62,410 | -€484 | -0.8% |
| Other amounts receivable | 41 | €44,855 | €54,091 | +€9,236 | +20.6% |
| Cash at bank and in hand | 54/58 | €3,548 | €989 | -€2,559 | -72.1% |
| Total equity and liabilities | 10/49 | €168,924 | €141,027 | -€27,898 | -16.5% |
| Equity | 10/15 | -€126,158 | -€134,500 | -€8,342 | -6.6% |
| Contributions | 10/11 | €712,000 | €712,000 | = | 0.0% |
| Capital | 10 | €712,000 | €712,000 | = | 0.0% |
| Issued capital | 100 | €712,000 | €712,000 | = | 0.0% |
| Reserves | 13 | €21,200 | €21,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€859,358 | -€867,700 | -€8,342 | -1.0% |
| Amounts payable | 17/49 | €295,083 | €275,527 | -€19,556 | -6.6% |
| Amounts payable after more than one year | 17 | €281,578 | €263,943 | -€17,635 | -6.3% |
| Financial debts | 170/4 | €281,578 | €263,943 | -€17,635 | -6.3% |
| Amounts payable within one year | 42/48 | €13,504 | €11,584 | -€1,921 | -14.2% |
| Trade debts | 44 | €13,504 | €11,584 | -€1,921 | -14.2% |
| Suppliers | 440/4 | €13,504 | €11,584 | -€1,921 | -14.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,144 | -€52,571 | -€91,715 | |
| Other operating charges | 640/8 | €505 | €57,129 | +€56,624 | +11205.1% |
| Gross operating margin | 9900 | -€37,112 | -€20,976 | +€16,136 | +43.5% |
| Operating profit (loss) | 9901 | -€76,761 | -€25,534 | +€51,227 | +66.7% |
| Financial income | 75/76B | €0 | €31,561 | +€31,561 | +105204700.0% |
| Recurring financial income | 75 | €0 | €31,561 | +€31,561 | +105204700.0% |
| Financial charges | 65/66B | €174 | €14,370 | +€14,195 | +8135.3% |
| Recurring financial charges | 65 | €174 | €14,370 | +€14,195 | +8135.3% |
| Profit (loss) for the period before taxes | 9903 | -€76,935 | -€8,342 | +€68,593 | +89.2% |
| Profit (loss) for the period | 9904 | -€76,935 | -€8,342 | +€68,593 | +89.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,935 | -€8,342 | +€68,593 | +89.2% |
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 7 October 2026 via checked.be.