MOMASS: 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.
MOMASS
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+451%), from €258,633 to €1.4m
of which Land and buildings: +€1.2m
- Debts after one year +€590,144
up €590,144 (+385%), from €153,279 to €743,422
- Short-term financial debts +€300,000
new in 2025: €300,000
- Contributions +€110,401
up €110,401 (+2,208%), from €5,000 to €115,401
- Reserves +€92,272
up €92,272 (+98.8%), from €93,425 to €185,697
- Current portion of long-term debt +€85,691
up €85,691 (+1,573%), from €5,449 to €91,140
- Financial charges +€18,107
up €18,107 (+279%), from €6,493 to €24,600
- Gross operating margin +€10,952
up €10,952 (+32.8%), from €33,355 to €44,308
- Taxes -€1,289
down €1,289 (-32.5%), from €3,962 to €2,673
- Financial income -€766
down €766 (-100.0%), from €766 to €0
- Other operating charges +€758
up €758 (+87.7%), from €865 to €1,623
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 | €282,517 | €1,466,267 | +€1.2m | +419% |
| Fixed assets | 21/28 | €258,633 | €1,423,824 | +€1.2m | +451% |
| Tangible fixed assets | 22/27 | €258,633 | €1,423,824 | +€1.2m | +451% |
| Land and buildings | 22 | €257,188 | €1,422,758 | +€1.2m | +453% |
| Plant, machinery and equipment | 23 | €1,445 | €1,066 | -€379 | -26.2% |
| Current assets | 29/58 | €23,884 | €42,444 | +€18,559 | +77.7% |
| Amounts receivable within one year | 40/41 | €0 | €1,752 | +€1,752 | |
| Trade receivables | 40 | €0 | €1,000 | +€1,000 | |
| Other amounts receivable | 41 | - | €752 | +€752 | |
| Current investments | 50/53 | €23,054 | €35,054 | +€12,000 | +52.1% |
| Cash at bank and in hand | 54/58 | €59 | €3,512 | +€3,453 | +5,880% |
| Deferred charges and accrued income | 490/1 | €772 | €2,126 | +€1,354 | +176% |
| Total equity and liabilities | 10/49 | €282,517 | €1,466,267 | +€1.2m | +419% |
| Equity | 10/15 | €98,425 | €301,099 | +€202,674 | +206% |
| Contributions | 10/11 | €5,000 | €115,401 | +€110,401 | +2,208% |
| Reserves | 13 | €93,425 | €185,697 | +€92,272 | +98.8% |
| Distributable reserves | 133 | €93,425 | €185,697 | +€92,272 | +98.8% |
| Amounts payable | 17/49 | €184,092 | €1,165,169 | +€981,077 | +533% |
| Amounts payable after more than one year | 17 | €153,279 | €743,422 | +€590,144 | +385% |
| Financial debts | 170/4 | €153,279 | €743,422 | +€590,144 | +385% |
| Amounts payable within one year | 42/48 | €30,813 | €421,746 | +€390,933 | +1,269% |
| Current portion of amounts payable after more than one year | 42 | €5,449 | €91,140 | +€85,691 | +1,573% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €772 | €3,749 | +€2,977 | +386% |
| Suppliers | 440/4 | €772 | €3,749 | +€2,977 | +386% |
| Taxes, remuneration and social security | 45 | €14,431 | €6,405 | -€8,026 | -55.6% |
| Taxes | 450/3 | €14,431 | €6,405 | -€8,026 | -55.6% |
| Other amounts payable | 47/48 | €10,162 | €20,453 | +€10,291 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,527 | €10,011 | +€484 | +5.1% |
| Other operating charges | 640/8 | €865 | €1,623 | +€758 | +87.7% |
| Gross operating margin | 9900 | €33,355 | €44,308 | +€10,952 | +32.8% |
| Operating profit (loss) | 9901 | €22,964 | €32,674 | +€9,710 | +42.3% |
| Financial income | 75/76B | €766 | €0 | -€766 | -100.0% |
| Recurring financial income | 75 | €766 | €0 | -€766 | -100.0% |
| Financial charges | 65/66B | €6,493 | €24,600 | +€18,107 | +279% |
| Recurring financial charges | 65 | €6,493 | €24,600 | +€18,107 | +279% |
| Profit (loss) for the period before taxes | 9903 | €17,237 | €8,074 | -€9,162 | -53.2% |
| Income taxes | 67/77 | €3,962 | €2,673 | -€1,289 | -32.5% |
| Profit (loss) for the period | 9904 | €13,275 | €5,401 | -€7,874 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,275 | €5,401 | -€7,874 | -59.3% |
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 18 October 2026 via checked.be.