MoMaBel: 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.
MoMaBel
Largest movements
- Tangible fixed assets -€5,812
down €5,812 (-4.1%), from €141,742 to €135,930
of which Land and buildings: -€4,832
- Cash -€4,193
down €4,193 (-42.6%), from €9,854 to €5,661
mainly Debts after one year (-€10,604) and Trade debts (-€2,058)
- Debts after one year -€10,604
down €10,604 (-17.8%), from €59,610 to €49,007
- Reserves +€4,324
up €4,324 (+3.7%), from €115,642 to €119,966
of which Distributable reserves: +€4,324
- Gross operating margin -€7,189
down €7,189 (-32.4%), from €22,168 to €14,978
- Financial charges -€1,476
down €1,476 (-39.1%), from €3,778 to €2,302
- Other operating charges -€1,315
down €1,315 (-76.7%), from €1,714 to €400
- Taxes -€800
down €800 (-27.0%), from €2,963 to €2,164
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 | €258,868 | €249,383 | -€9,484 | -3.7% |
| Fixed assets | 21/28 | €141,742 | €135,930 | -€5,812 | -4.1% |
| Tangible fixed assets | 22/27 | €141,742 | €135,930 | -€5,812 | -4.1% |
| Land and buildings | 22 | €135,864 | €131,032 | -€4,832 | -3.6% |
| Plant, machinery and equipment | 23 | €5,878 | €4,898 | -€980 | -16.7% |
| Current assets | 29/58 | €117,125 | €113,453 | -€3,672 | -3.1% |
| Amounts receivable within one year | 40/41 | €107,271 | €107,792 | +€521 | +0.5% |
| Trade receivables | 40 | €986 | - | -€986 | |
| Other amounts receivable | 41 | €106,285 | €107,792 | +€1,507 | +1.4% |
| Cash at bank and in hand | 54/58 | €9,854 | €5,661 | -€4,193 | -42.6% |
| Total equity and liabilities | 10/49 | €258,868 | €249,383 | -€9,484 | -3.7% |
| Equity | 10/15 | €181,216 | €185,540 | +€4,324 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,642 | €119,966 | +€4,324 | +3.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €113,782 | €118,106 | +€4,324 | +3.8% |
| Profit (loss) carried forward | 14 | €46,974 | €46,974 | = | 0.0% |
| Amounts payable | 17/49 | €77,651 | €63,843 | -€13,808 | -17.8% |
| Amounts payable after more than one year | 17 | €59,610 | €49,007 | -€10,604 | -17.8% |
| Financial debts | 170/4 | €59,610 | €49,007 | -€10,604 | -17.8% |
| Amounts payable within one year | 42/48 | €18,041 | €14,437 | -€3,604 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €12,610 | €10,604 | -€2,007 | -15.9% |
| Trade debts | 44 | €2,058 | - | -€2,058 | |
| Suppliers | 440/4 | €2,058 | - | -€2,058 | |
| Taxes, remuneration and social security | 45 | €1,704 | €2,164 | +€460 | +27.0% |
| Taxes | 450/3 | €1,704 | €2,164 | +€460 | +27.0% |
| Other amounts payable | 47/48 | €1,670 | €1,670 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,812 | €5,812 | = | 0.0% |
| Other operating charges | 640/8 | €1,714 | €400 | -€1,315 | -76.7% |
| Gross operating margin | 9900 | €22,168 | €14,978 | -€7,189 | -32.4% |
| Operating profit (loss) | 9901 | €14,641 | €8,766 | -€5,875 | -40.1% |
| Financial income | 75/76B | €2 | €23 | +€21 | +1,007% |
| Recurring financial income | 75 | €2 | €23 | +€21 | +1,007% |
| Financial charges | 65/66B | €3,778 | €2,302 | -€1,476 | -39.1% |
| Recurring financial charges | 65 | €3,778 | €2,302 | -€1,476 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €10,865 | €6,487 | -€4,378 | -40.3% |
| Income taxes | 67/77 | €2,963 | €2,164 | -€800 | -27.0% |
| Profit (loss) for the period | 9904 | €7,902 | €4,324 | -€3,578 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,902 | €4,324 | -€3,578 | -45.3% |
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 13 October 2026 via checked.be.