MoMaCo: 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.
MoMaCo
Largest movements
- Receivables within one year -€336,125
down €336,125 (-74.1%), from €453,403 to €117,278
of which Other amounts receivable: -€303,061
- Cash +€171,569
up €171,569 (+119%), from €144,745 to €316,314
mainly Receivables within one year (+€336,125) and Net result for the year (+€138,352)
- Other debts -€288,768
down €288,768 (-39.1%), from €738,768 to €450,000
- Reserves +€138,352
up €138,352 (+35.8%), from €386,997 to €525,349
- Debts after one year -€54,277
down €54,277 (-6.7%), from €808,971 to €754,694
- Tax, wage and social debts +€34,219
up €34,219 (+26.5%), from €129,265 to €163,484
- Depreciation +€38,587
up €38,587 (+26,980%), from €143 to €38,730
- Gross operating margin -€37,202
down €37,202 (-12.1%), from €307,068 to €269,866
- Taxes -€35,652
down €35,652 (-38.4%), from €92,816 to €57,164
- Financial charges +€32,485
up €32,485 (+8,964%), from €362 to €32,848
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 | €2,198,005 | €2,016,739 | -€181,266 | -8.2% |
| Fixed assets | 21/28 | €1,599,857 | €1,583,147 | -€16,710 | -1.0% |
| Tangible fixed assets | 22/27 | €1,599,857 | €1,583,147 | -€16,710 | -1.0% |
| Land and buildings | 22 | €1,599,857 | €1,563,008 | -€36,849 | -2.3% |
| Other tangible fixed assets | 26 | - | €20,139 | +€20,139 | |
| Current assets | 29/58 | €598,148 | €433,591 | -€164,556 | -27.5% |
| Amounts receivable within one year | 40/41 | €453,403 | €117,278 | -€336,125 | -74.1% |
| Trade receivables | 40 | €150,332 | €117,267 | -€33,065 | -22.0% |
| Other amounts receivable | 41 | €303,071 | €11 | -€303,061 | -100.0% |
| Cash at bank and in hand | 54/58 | €144,745 | €316,314 | +€171,569 | +119% |
| Total equity and liabilities | 10/49 | €2,198,005 | €2,016,739 | -€181,266 | -8.2% |
| Equity | 10/15 | €396,997 | €535,349 | +€138,352 | +34.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €386,997 | €525,349 | +€138,352 | +35.8% |
| Distributable reserves | 133 | €386,997 | €525,349 | +€138,352 | +35.8% |
| Amounts payable | 17/49 | €1,801,008 | €1,481,390 | -€319,618 | -17.7% |
| Amounts payable after more than one year | 17 | €808,971 | €754,694 | -€54,277 | -6.7% |
| Financial debts | 170/4 | €808,971 | €754,694 | -€54,277 | -6.7% |
| Amounts payable within one year | 42/48 | €992,037 | €726,696 | -€265,341 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €52,261 | €54,277 | +€2,017 | +3.9% |
| Trade debts | 44 | €71,743 | €58,935 | -€12,808 | -17.9% |
| Suppliers | 440/4 | €71,743 | €58,935 | -€12,808 | -17.9% |
| Taxes, remuneration and social security | 45 | €129,265 | €163,484 | +€34,219 | +26.5% |
| Taxes | 450/3 | €129,265 | €163,484 | +€34,219 | +26.5% |
| Other amounts payable | 47/48 | €738,768 | €450,000 | -€288,768 | -39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €38,730 | +€38,587 | +26,980% |
| Other operating charges | 640/8 | €569 | €2,773 | +€2,204 | +387% |
| Gross operating margin | 9900 | €307,068 | €269,866 | -€37,202 | -12.1% |
| Operating profit (loss) | 9901 | €306,356 | €228,363 | -€77,992 | -25.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €362 | €32,848 | +€32,485 | +8,964% |
| Recurring financial charges | 65 | €362 | €32,848 | +€32,485 | +8,964% |
| Profit (loss) for the period before taxes | 9903 | €305,993 | €195,516 | -€110,478 | -36.1% |
| Income taxes | 67/77 | €92,816 | €57,164 | -€35,652 | -38.4% |
| Profit (loss) for the period | 9904 | €213,177 | €138,352 | -€74,825 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €213,177 | €138,352 | -€74,825 | -35.1% |
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 18 October 2026 via checked.be.