MoMar: 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.
MoMar
Largest movements
- Cash +€112,999
up €112,999 (+150%), from €75,150 to €188,150
mainly Other debts (+€96,136) and Net result for the year (+€72,297)
- Tangible fixed assets -€29,668
down €29,668 (-5.4%), from €551,837 to €522,169
of which Land and buildings: -€29,224
- Receivables within one year -€28,048
down €28,048 (-95.3%), from €29,435 to €1,387
of which Other amounts receivable: -€28,048
- Deferred charges and accrued income -€8,940
down €8,940 (-53.7%), from €16,646 to €7,705
- Other debts +€96,136
up €96,136 (+1,199%), from €8,016 to €104,152
- Debts after one year -€24,233
down €24,233 (-4.0%), from €605,538 to €581,305
- Reserves -€22,834
down €22,834 (-100%), from €22,834 to €0
- Gross operating margin +€75,889
up €75,889 (+101%), from €74,952 to €150,841
- Taxes +€15,487
up €15,487 (+493%), from €3,144 to €18,631
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 | €673,068 | €719,411 | +€46,343 | +6.9% |
| Fixed assets | 21/28 | €551,837 | €522,169 | -€29,668 | -5.4% |
| Tangible fixed assets | 22/27 | €551,837 | €522,169 | -€29,668 | -5.4% |
| Land and buildings | 22 | €549,901 | €520,676 | -€29,224 | -5.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,936 | €1,492 | -€444 | -22.9% |
| Current assets | 29/58 | €121,231 | €197,242 | +€76,011 | +62.7% |
| Amounts receivable within one year | 40/41 | €29,435 | €1,387 | -€28,048 | -95.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €29,435 | €1,387 | -€28,048 | -95.3% |
| Cash at bank and in hand | 54/58 | €75,150 | €188,150 | +€112,999 | +150% |
| Deferred charges and accrued income | 490/1 | €16,646 | €7,705 | -€8,940 | -53.7% |
| Total equity and liabilities | 10/49 | €673,068 | €719,411 | +€46,343 | +6.9% |
| Equity | 10/15 | €23,834 | €1,000 | -€22,834 | -95.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €22,834 | €0 | -€22,834 | -100% |
| Distributable reserves | 133 | €22,834 | €0 | -€22,834 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €649,234 | €718,411 | +€69,177 | +10.7% |
| Amounts payable after more than one year | 17 | €605,538 | €581,305 | -€24,233 | -4.0% |
| Financial debts | 170/4 | €605,538 | €581,305 | -€24,233 | -4.0% |
| Amounts payable within one year | 42/48 | €35,354 | €135,187 | +€99,833 | +282% |
| Current portion of amounts payable after more than one year | 42 | €25,238 | €26,211 | +€973 | +3.9% |
| Trade debts | 44 | €0 | €24 | +€24 | |
| Suppliers | 440/4 | €0 | €24 | +€24 | |
| Taxes, remuneration and social security | 45 | €2,100 | €4,800 | +€2,700 | +129% |
| Taxes | 450/3 | €0 | €2,700 | +€2,700 | |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €8,016 | €104,152 | +€96,136 | +1,199% |
| Accrued charges and deferred income | 492/3 | €8,342 | €1,919 | -€6,423 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,626 | €29,668 | +€42 | +0.1% |
| Other operating charges | 640/8 | €6,445 | €6,641 | +€196 | +3.0% |
| Gross operating margin | 9900 | €74,952 | €150,841 | +€75,889 | +101% |
| Operating profit (loss) | 9901 | €38,881 | €114,532 | +€75,650 | +195% |
| Financial charges | 65/66B | €24,489 | €23,604 | -€884 | -3.6% |
| Recurring financial charges | 65 | €24,489 | €23,604 | -€884 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €14,393 | €90,928 | +€76,535 | +532% |
| Income taxes | 67/77 | €3,144 | €18,631 | +€15,487 | +493% |
| Profit (loss) for the period | 9904 | €11,249 | €72,297 | +€61,048 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €11,249 | €72,297 | +€61,048 | +543% |
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 27 October 2026 via checked.be.