mOr: what changed
mOr
Largest movements
- Cash -€10,999
down €10,999 (-51.0%), from €21,565 to €10,565
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€13,809)
- Tangible fixed assets -€10,637
down €10,637 (-75.4%), from €14,113 to €3,475
of which Furniture and vehicles: -€10,328
- Receivables within one year +€10,004
up €10,004 (+47.5%), from €21,062 to €31,066
of which Other amounts receivable: +€9,322
- Other debts +€18,000
up €18,000 (+150%), from €12,000 to €30,000
- Reserves -€16,000
no longer reported in 2025 (was €16,000)
- Tax, wage and social debts -€13,809
down €13,809 (-70.2%), from €19,662 to €5,853
- Gross operating margin +€5,668
up €5,668 (+20.4%), from €27,806 to €33,473
- Taxes +€1,575
up €1,575 (+33.6%), from €4,691 to €6,266
- Other operating charges -€1,417
down €1,417 (-56.4%), from €2,514 to €1,097
- Depreciation +€1,059
up €1,059 (+11.1%), from €9,579 to €10,637
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,739 | €45,107 | -€11,632 | -20.5% |
| Fixed assets | 21/28 | €14,113 | €3,475 | -€10,637 | -75.4% |
| Tangible fixed assets | 22/27 | €14,113 | €3,475 | -€10,637 | -75.4% |
| Plant, machinery and equipment | 23 | €1,320 | €1,011 | -€309 | -23.4% |
| Furniture and vehicles | 24 | €12,793 | €2,464 | -€10,328 | -80.7% |
| Current assets | 29/58 | €42,627 | €41,632 | -€995 | -2.3% |
| Amounts receivable within one year | 40/41 | €21,062 | €31,066 | +€10,004 | +47.5% |
| Trade receivables | 40 | €3,201 | €3,884 | +€683 | +21.3% |
| Other amounts receivable | 41 | €17,861 | €27,182 | +€9,322 | +52.2% |
| Cash at bank and in hand | 54/58 | €21,565 | €10,565 | -€10,999 | -51.0% |
| Total equity and liabilities | 10/49 | €56,739 | €45,107 | -€11,632 | -20.5% |
| Equity | 10/15 | €18,755 | €2,708 | -€16,048 | -85.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,000 | - | -€16,000 | |
| Distributable reserves | 133 | €16,000 | - | -€16,000 | |
| Profit (loss) carried forward | 14 | €755 | €708 | -€48 | -6.3% |
| Amounts payable | 17/49 | €37,984 | €42,399 | +€4,415 | +11.6% |
| Amounts payable within one year | 42/48 | €37,984 | €42,399 | +€4,415 | +11.6% |
| Trade debts | 44 | €6,322 | €6,547 | +€224 | +3.6% |
| Suppliers | 440/4 | €6,322 | €6,547 | +€224 | +3.6% |
| Taxes, remuneration and social security | 45 | €19,662 | €5,853 | -€13,809 | -70.2% |
| Taxes | 450/3 | €19,662 | €5,853 | -€13,809 | -70.2% |
| Other amounts payable | 47/48 | €12,000 | €30,000 | +€18,000 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,579 | €10,637 | +€1,059 | +11.1% |
| Other operating charges | 640/8 | €2,514 | €1,097 | -€1,417 | -56.4% |
| Gross operating margin | 9900 | €27,806 | €33,473 | +€5,668 | +20.4% |
| Operating profit (loss) | 9901 | €15,714 | €21,739 | +€6,026 | +38.3% |
| Financial income | 75/76B | €797 | €919 | +€122 | +15.3% |
| Recurring financial income | 75 | €797 | €919 | +€122 | +15.3% |
| Financial charges | 65/66B | €2,757 | €2,440 | -€317 | -11.5% |
| Recurring financial charges | 65 | €2,757 | €2,440 | -€317 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €13,754 | €20,219 | +€6,465 | +47.0% |
| Income taxes | 67/77 | €4,691 | €6,266 | +€1,575 | +33.6% |
| Profit (loss) for the period | 9904 | €9,063 | €13,952 | +€4,889 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,063 | €13,952 | +€4,889 | +53.9% |
Next steps
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 8 November 2026 via checked.be.