MOMABO: 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.
What changed
MOMABO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€34,254
2024 · €12,066+€22,188
Equity
€6.5m
2024 · €6.4m+€34,254
Cash
€152,416
2024 · €109,791+€42,625
Balance sheet total
€12.1m
2024 · €12.2m-€107,765
Largest movements
Assets
- Receivables within one year -€631,473
down €631,473 (-27.5%), from €2.3m to €1.7m
of which Other amounts receivable: -€843,520
- Tangible fixed assets +€480,584
up €480,584 (+5.3%), from €9.0m to €9.5m
of which Land and buildings: +€484,617
Equity and liabilities
- Debts after one year -€612,500
down €612,500 (-13.3%), from €4.6m to €4.0m
of which Other amounts payable: -€550,000
- Other debts +€476,795
up €476,795 (+58.3%), from €818,005 to €1.3m
Income statement
- Gross operating margin +€73,800
up €73,800 (+10.0%), from €740,913 to €814,713
- Depreciation +€55,890
up €55,890 (+24.2%), from €231,413 to €287,303
- Financial charges -€24,341
down €24,341 (-6.2%), from €389,752 to €365,411
- Financial income -€9,536
down €9,536 (-30.9%), from €30,891 to €21,355
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.
Result 2024
€12,066
Gross operating margin
+€73,800
Depreciation
-€55,890
Other operating charges
-€8,117
Financial income
-€9,536
Financial charges
+€24,341
Taxes
-€2,845
Deferred taxes and other
+€435
Result 2025
€34,254
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.4m
Investment
-€767,887
Financing
-€612,500
Cash 2024
€109,791
From operations (derived)
+€1.4m
Net result for the year
+€34,254
Depreciation
+€287,303
Receivables within one year
+€631,473
Smaller working-capital items
-€34
Provisions
-€13,644
Trade debts
-€50,616
Other debts
+€476,795
Accrued charges and deferred income
+€57,480
Investment (derived)
-€767,887
Investment in fixed assets (net)
-€767,887
Financing
-€612,500
Debts after one year
-€612,500
Cash 2025
€152,416
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,219,033 | €12,111,268 | -€107,765 | -0.9% |
| Fixed assets | 21/28 | €9,746,425 | €10,227,009 | +€480,584 | +4.9% |
| Tangible fixed assets | 22/27 | €9,023,102 | €9,503,686 | +€480,584 | +5.3% |
| Land and buildings | 22 | €9,005,431 | €9,490,048 | +€484,617 | +5.4% |
| Plant, machinery and equipment | 23 | €17,671 | €13,638 | -€4,033 | -22.8% |
| Financial fixed assets | 28 | €723,323 | €723,323 | = | 0.0% |
| Current assets | 29/58 | €2,472,608 | €1,884,260 | -€588,348 | -23.8% |
| Stocks and contracts in progress | 3 | €69,561 | €69,561 | = | 0.0% |
| Stocks | 30/36 | €69,561 | €69,561 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,293,255 | €1,661,782 | -€631,473 | -27.5% |
| Trade receivables | 40 | €138,963 | €351,010 | +€212,047 | +153% |
| Other amounts receivable | 41 | €2,154,292 | €1,310,772 | -€843,520 | -39.2% |
| Cash at bank and in hand | 54/58 | €109,791 | €152,416 | +€42,625 | +38.8% |
| Deferred charges and accrued income | 490/1 | €0 | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €12,219,033 | €12,111,268 | -€107,765 | -0.9% |
| Equity | 10/15 | €6,445,406 | €6,479,660 | +€34,254 | +0.5% |
| Contributions | 10/11 | €5,573,399 | €5,573,399 | = | 0.0% |
| Revaluation surpluses | 12 | €354,407 | €354,407 | = | 0.0% |
| Reserves | 13 | €586,862 | €545,930 | -€40,932 | -7.0% |
| Non-distributable reserves | 130/1 | €34,041 | €34,041 | = | 0.0% |
| Other | 1319 | €34,041 | €34,041 | = | 0.0% |
| Tax-exempt reserves | 132 | €552,822 | €511,889 | -€40,932 | -7.4% |
| Profit (loss) carried forward | 14 | -€69,263 | €5,924 | +€75,187 | |
| Provisions and deferred taxes | 16 | €174,632 | €160,988 | -€13,644 | -7.8% |
| Deferred taxes | 168 | €174,632 | €160,988 | -€13,644 | -7.8% |
| Amounts payable | 17/49 | €5,598,995 | €5,470,620 | -€128,375 | -2.3% |
| Amounts payable after more than one year | 17 | €4,591,667 | €3,979,167 | -€612,500 | -13.3% |
| Financial debts | 170/4 | €291,667 | €229,167 | -€62,500 | -21.4% |
| Other amounts payable | 178/9 | €4,300,000 | €3,750,000 | -€550,000 | -12.8% |
| Amounts payable within one year | 42/48 | €965,403 | €1,392,048 | +€426,645 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €62,500 | €62,500 | = | 0.0% |
| Trade debts | 44 | €76,647 | €26,031 | -€50,616 | -66.0% |
| Suppliers | 440/4 | €76,647 | €26,031 | -€50,616 | -66.0% |
| Taxes, remuneration and social security | 45 | €8,252 | €8,718 | +€466 | +5.6% |
| Taxes | 450/3 | €8,252 | €8,718 | +€466 | +5.6% |
| Other amounts payable | 47/48 | €818,005 | €1,294,800 | +€476,795 | +58.3% |
| Accrued charges and deferred income | 492/3 | €41,925 | €99,405 | +€57,480 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €231,413 | €287,303 | +€55,890 | +24.2% |
| Other operating charges | 640/8 | €143,039 | €151,156 | +€8,117 | +5.7% |
| Gross operating margin | 9900 | €740,913 | €814,713 | +€73,800 | +10.0% |
| Operating profit (loss) | 9901 | €366,461 | €376,254 | +€9,794 | +2.7% |
| Financial income | 75/76B | €30,891 | €21,355 | -€9,536 | -30.9% |
| Recurring financial income | 75 | €30,891 | €21,355 | -€9,536 | -30.9% |
| Financial charges | 65/66B | €389,752 | €365,411 | -€24,341 | -6.2% |
| Recurring financial charges | 65 | €389,752 | €365,411 | -€24,341 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €7,600 | €32,199 | +€24,599 | +324% |
| Transfer from deferred taxes | 780 | €13,209 | €13,644 | +€435 | +3.3% |
| Income taxes | 67/77 | €8,743 | €11,589 | +€2,845 | +32.5% |
| Profit (loss) for the period | 9904 | €12,066 | €34,254 | +€22,188 | +184% |
| Transfer from tax-exempt reserves | 789 | €39,628 | €40,932 | +€1,304 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,694 | €75,187 | +€23,493 | +45.4% |
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 19 October 2026 via checked.be.