MOMVAL: 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.
MOMVAL
Largest movements
- Receivables within one year +€6,452
new in 2025: €6,452
- Cash +€5,549
up €5,549 (+17.3%), from €32,077 to €37,626
mainly Net result for the year (+€16,732) and Other debts (+€82)
- Deferred charges and accrued income +€984
up €984 (+373%), from €264 to €1,247
- Profit (loss) carried forward +€15,882
up €15,882 (+75.4%), from €21,070 to €36,952
- Tax, wage and social debts -€2,979
down €2,979 (-38.8%), from €7,675 to €4,696
- Gross operating margin -€9,480
down €9,480 (-30.5%), from €31,048 to €21,567
- Taxes -€2,979
down €2,979 (-40.1%), from €7,420 to €4,441
- Depreciation -€1,600
no longer reported in 2025 (was €1,600)
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 | €32,340 | €45,325 | +€12,985 | +40.2% |
| Current assets | 29/58 | €32,340 | €45,325 | +€12,985 | +40.2% |
| Amounts receivable within one year | 40/41 | - | €6,452 | +€6,452 | |
| Trade receivables | 40 | - | €6,452 | +€6,452 | |
| Cash at bank and in hand | 54/58 | €32,077 | €37,626 | +€5,549 | +17.3% |
| Deferred charges and accrued income | 490/1 | €264 | €1,247 | +€984 | +373% |
| Total equity and liabilities | 10/49 | €32,340 | €45,325 | +€12,985 | +40.2% |
| Equity | 10/15 | €24,070 | €39,952 | +€15,882 | +66.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,070 | €36,952 | +€15,882 | +75.4% |
| Amounts payable | 17/49 | €8,270 | €5,374 | -€2,897 | -35.0% |
| Amounts payable within one year | 42/48 | €8,270 | €5,374 | -€2,897 | -35.0% |
| Trade debts | 44 | - | €0 | +€0 | |
| Suppliers | 440/4 | - | €0 | +€0 | |
| Taxes, remuneration and social security | 45 | €7,675 | €4,696 | -€2,979 | -38.8% |
| Taxes | 450/3 | €7,675 | €4,696 | -€2,979 | -38.8% |
| Other amounts payable | 47/48 | €595 | €677 | +€82 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | - | -€1,600 | |
| Other operating charges | 640/8 | €88 | €317 | +€229 | +260% |
| Gross operating margin | 9900 | €31,048 | €21,567 | -€9,480 | -30.5% |
| Operating profit (loss) | 9901 | €29,360 | €21,251 | -€8,109 | -27.6% |
| Financial charges | 65/66B | €20 | €78 | +€59 | +300% |
| Recurring financial charges | 65 | €20 | €78 | +€59 | +300% |
| Profit (loss) for the period before taxes | 9903 | €29,340 | €21,173 | -€8,168 | -27.8% |
| Income taxes | 67/77 | €7,420 | €4,441 | -€2,979 | -40.1% |
| Profit (loss) for the period | 9904 | €21,920 | €16,732 | -€5,188 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,920 | €16,732 | -€5,188 | -23.7% |
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 23 October 2026 via checked.be.