MOPANE: what changed
Two fiscal 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.
MOPANE
Largest movements
- Current investments +€836,762
up €836,762 (+36.4%), from €2.3m to €3.1m
- Cash -€650,917
down €650,917 (-87.2%), from €746,592 to €95,675
mainly Current investments (-€836,762) and Investment in fixed assets (net) (-€101,687)
- Financial fixed assets +€100,000
up €100,000 (+24.8%), from €402,808 to €502,808
- Receivables within one year -€75,267
no longer reported in 2025 (was €75,267)
- Profit (loss) carried forward +€177,601
up €177,601 (+6.6%), from €2.7m to €2.9m
- Financial income +€295,354
up €295,354 (+264.2%), from €111,802 to €407,156
- Financial charges +€126,166
up €126,166 (+720.4%), from €17,514 to €143,681
of which Financial charges: +€132,293
- Taxes +€70,093
up €70,093 (+1331.3%), from €5,265 to €75,358
- Gross operating margin -€49,094
down €49,094, from €45,708 to -€3,386
- Other operating charges +€5,531
up €5,531 (+939.2%), from €589 to €6,120
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.
Cash bridge derived
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 | €3,525,762 | €3,739,166 | +€213,404 | +6.1% |
| Fixed assets | 21/28 | €405,272 | €505,947 | +€100,675 | +24.8% |
| Tangible fixed assets | 22/27 | €2,464 | €3,139 | +€675 | +27.4% |
| Furniture and vehicles | 24 | €1,315 | €1,990 | +€675 | +51.4% |
| Other tangible fixed assets | 26 | €1,150 | €1,150 | = | 0.0% |
| Financial fixed assets | 28 | €402,808 | €502,808 | +€100,000 | +24.8% |
| Current assets | 29/58 | €3,120,490 | €3,233,219 | +€112,729 | +3.6% |
| Amounts receivable within one year | 40/41 | €75,267 | - | -€75,267 | |
| Other amounts receivable | 41 | €75,267 | - | -€75,267 | |
| Current investments | 50/53 | €2,297,897 | €3,134,658 | +€836,762 | +36.4% |
| Cash at bank and in hand | 54/58 | €746,592 | €95,675 | -€650,917 | -87.2% |
| Deferred charges and accrued income | 490/1 | €734 | €2,886 | +€2,151 | +293.0% |
| Total equity and liabilities | 10/49 | €3,525,762 | €3,739,166 | +€213,404 | +6.1% |
| Equity | 10/15 | €3,516,017 | €3,693,618 | +€177,601 | +5.1% |
| Contributions | 10/11 | €22,172 | €22,172 | = | 0.0% |
| Reserves | 13 | €821,279 | €821,279 | = | 0.0% |
| Distributable reserves | 133 | €821,279 | €821,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,672,566 | €2,850,167 | +€177,601 | +6.6% |
| Amounts payable | 17/49 | €9,745 | €45,548 | +€35,803 | +367.4% |
| Amounts payable within one year | 42/48 | €7,362 | €45,548 | +€38,186 | +518.7% |
| Trade debts | 44 | - | €802 | +€802 | |
| Suppliers | 440/4 | - | €802 | +€802 | |
| Taxes, remuneration and social security | 45 | €7,362 | €43,915 | +€36,553 | +496.5% |
| Taxes | 450/3 | €7,362 | €43,915 | +€36,553 | +496.5% |
| Other amounts payable | 47/48 | - | €832 | +€832 | |
| Accrued charges and deferred income | 492/3 | €2,383 | - | -€2,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €1,011 | +€535 | +112.3% |
| Other operating charges | 640/8 | €589 | €6,120 | +€5,531 | +939.2% |
| Gross operating margin | 9900 | €45,708 | -€3,386 | -€49,094 | |
| Operating profit (loss) | 9901 | €44,643 | -€10,517 | -€55,160 | |
| Financial income | 75/76B | €111,802 | €407,156 | +€295,354 | +264.2% |
| Recurring financial income | 75 | €111,802 | €407,156 | +€295,354 | +264.2% |
| Financial charges | 65/66B | €17,514 | €143,681 | +€126,166 | +720.4% |
| Recurring financial charges | 65 | €11,387 | €143,681 | +€132,293 | +1161.8% |
| Non-recurring financial charges | 66B | €6,127 | - | -€6,127 | |
| Profit (loss) for the period before taxes | 9903 | €138,931 | €252,959 | +€114,027 | +82.1% |
| Income taxes | 67/77 | €5,265 | €75,358 | +€70,093 | +1331.3% |
| Profit (loss) for the period | 9904 | €133,666 | €177,601 | +€43,935 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €133,666 | €177,601 | +€43,935 | +32.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.