MOPAC SYSTEMS BELGIUM: what changed
What changed
MOPAC SYSTEMS BELGIUM
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€1.2m-€274,714
Equity
-€4.6m
2024 · -€3.1m-€1.5m
Cash
€12,251
2024 · €5,738+€6,513
Balance sheet total
€1.4m
2024 · €2.1m-€709,887
Largest movements
Assets
- Tangible fixed assets -€656,841
down €656,841 (-41.3%), from €1.6m to €935,168
of which Plant, machinery and equipment: -€606,199
- Receivables within one year -€80,127
down €80,127 (-19.4%), from €412,962 to €332,835
of which Trade receivables: -€59,250
Equity and liabilities
- Profit (loss) carried forward -€1.5m
down €1.5m (-22.2%), from -€6.8m to -€8.3m
- Debts after one year +€761,365
up €761,365 (+19.6%), from €3.9m to €4.7m
of which Other amounts payable: +€1.0m
- Advances received +€250,000
new in 2025: €250,000
- Accrued charges and deferred income -€136,788
down €136,788 (-52.7%), from €259,319 to €122,531
- Current portion of long-term debt -€90,794
down €90,794 (-100%), from €90,794 to €0
Income statement
- Write-downs +€163,683
new in 2025: €163,683
- Gross operating margin -€123,318
down €123,318 (-46.7%), from -€264,085 to -€387,403
- Depreciation -€87,593
down €87,593 (-21.9%), from €399,442 to €311,850
- Financial charges -€75,456
down €75,456 (-29.4%), from €256,611 to €181,156
- Financial income -€4,372
down €4,372 (-65.4%), from €6,687 to €2,315
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.2m
Gross operating margin
-€123,318
Staff costs
-€4,133
Depreciation
+€87,593
Write-downs
-€163,683
Other operating charges
-€1,025
Other operating items
-€141,230
Financial income
-€4,372
Financial charges
+€75,456
Result 2025
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.0m
Investment
+€344,991
Financing
+€670,571
Cash 2024
€5,738
From operations (derived)
-€1.0m
Net result for the year
-€1.5m
Depreciation
+€311,850
Stocks and contracts
-€14,861
Receivables within one year
+€80,127
Deferred charges and accrued income
-€5,706
Trade debts
+€11,680
Tax, wage and social debts
-€13,577
Advances received
+€250,000
Other debts
+€13,429
Accrued charges and deferred income
-€136,788
Investment (derived)
+€344,991
Investment in fixed assets (net)
+€344,991
Financing
+€670,571
Debts after one year
+€761,365
Current portion of long-term debt
-€90,794
Cash 2025
€12,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,140,013 | €1,430,126 | -€709,887 | -33.2% |
| Fixed assets | 21/28 | €1,592,459 | €935,618 | -€656,841 | -41.2% |
| Tangible fixed assets | 22/27 | €1,592,009 | €935,168 | -€656,841 | -41.3% |
| Plant, machinery and equipment | 23 | €1,386,400 | €780,201 | -€606,199 | -43.7% |
| Furniture and vehicles | 24 | €758 | €1,329 | +€571 | +75.3% |
| Leasing and similar rights | 25 | €204,850 | €153,638 | -€51,213 | -25.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €547,554 | €494,508 | -€53,046 | -9.7% |
| Stocks and contracts in progress | 3 | €128,205 | €143,067 | +€14,861 | +11.6% |
| Stocks | 30/36 | €105,705 | €137,067 | +€31,361 | +29.7% |
| Contracts in progress | 37 | €22,500 | €6,000 | -€16,500 | -73.3% |
| Amounts receivable within one year | 40/41 | €412,962 | €332,835 | -€80,127 | -19.4% |
| Trade receivables | 40 | €378,042 | €318,792 | -€59,250 | -15.7% |
| Other amounts receivable | 41 | €34,920 | €14,043 | -€20,876 | -59.8% |
| Cash at bank and in hand | 54/58 | €5,738 | €12,251 | +€6,513 | +114% |
| Deferred charges and accrued income | 490/1 | €649 | €6,355 | +€5,706 | +879% |
| Total equity and liabilities | 10/49 | €2,140,013 | €1,430,126 | -€709,887 | -33.2% |
| Equity | 10/15 | -€3,124,262 | -€4,629,462 | -€1.5m | -48.2% |
| Contributions | 10/11 | €3,671,000 | €3,671,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,795,262 | -€8,300,462 | -€1.5m | -22.2% |
| Amounts payable | 17/49 | €5,264,275 | €6,059,589 | +€795,314 | +15.1% |
| Amounts payable after more than one year | 17 | €3,893,581 | €4,654,946 | +€761,365 | +19.6% |
| Financial debts | 170/4 | €280,318 | €0 | -€280,318 | -100% |
| Other amounts payable | 178/9 | €3,613,263 | €4,654,946 | +€1.0m | +28.8% |
| Amounts payable within one year | 42/48 | €1,111,375 | €1,282,112 | +€170,737 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €90,794 | €0 | -€90,794 | -100% |
| Trade debts | 44 | €949,188 | €960,868 | +€11,680 | +1.2% |
| Suppliers | 440/4 | €949,188 | €960,868 | +€11,680 | +1.2% |
| Advances received on contracts in progress | 46 | - | €250,000 | +€250,000 | |
| Taxes, remuneration and social security | 45 | €55,759 | €42,181 | -€13,577 | -24.4% |
| Taxes | 450/3 | €6,008 | €322 | -€5,686 | -94.6% |
| Remuneration and social security | 454/9 | €49,750 | €41,859 | -€7,892 | -15.9% |
| Other amounts payable | 47/48 | €15,634 | €29,063 | +€13,429 | +85.9% |
| Accrued charges and deferred income | 492/3 | €259,319 | €122,531 | -€136,788 | -52.7% |
| Non-recurring operating income | 76A | - | €1,400 | +€1,400 | |
| Remuneration, social security and pensions | 62 | €313,741 | €317,874 | +€4,133 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399,442 | €311,850 | -€87,593 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €163,683 | +€163,683 | |
| Other operating charges | 640/8 | €3,295 | €4,321 | +€1,025 | +31.1% |
| Non-recurring operating charges | 66A | - | €141,230 | +€141,230 | |
| Gross operating margin | 9900 | -€264,085 | -€387,403 | -€123,318 | -46.7% |
| Operating profit (loss) | 9901 | -€980,563 | -€1,326,360 | -€345,797 | -35.3% |
| Financial income | 75/76B | €6,687 | €2,315 | -€4,372 | -65.4% |
| Recurring financial income | 75 | €6,687 | €2,315 | -€4,372 | -65.4% |
| Financial charges | 65/66B | €256,611 | €181,156 | -€75,456 | -29.4% |
| Recurring financial charges | 65 | €256,611 | €181,156 | -€75,456 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,230,487 | -€1,505,201 | -€274,714 | -22.3% |
| Profit (loss) for the period | 9904 | -€1,230,487 | -€1,505,201 | -€274,714 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,230,487 | -€1,505,201 | -€274,714 | -22.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.