MOS PELGO VENTURES: 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.
MOS PELGO VENTURES
Largest movements
- Intangible fixed assets +€221,005
up €221,005 (+147%), from €150,630 to €371,635
- Cash +€36,642
up €36,642 (+989%), from €3,705 to €40,347
mainly Debts after one year (+€268,760) and Trade debts (+€34,131)
- Receivables within one year +€17,200
up €17,200 (+113%), from €15,253 to €32,453
of which Trade receivables: +€17,365
- Tangible fixed assets +€11,520
up €11,520 (+238%), from €4,846 to €16,366
of which Other tangible fixed assets: +€7,428
- Debts after one year +€268,760
up €268,760 (+134%), from €200,000 to €468,760
- Profit (loss) carried forward -€57,242
down €57,242 (-159%), from -€35,928 to -€93,170
- Trade debts +€34,131
up €34,131 (+2,412%), from €1,415 to €35,546
- Current portion of long-term debt +€31,240
new in 2025: €31,240
- Depreciation +€22,388
up €22,388 (+333%), from €6,721 to €29,108
- Gross operating margin +€8,751
up €8,751 (+31.0%), from -€28,258 to -€19,507
- Financial charges +€5,335
up €5,335 (+32,788%), from €16 to €5,351
- Other operating charges +€2,355
up €2,355 (+252%), from €936 to €3,291
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 | €186,167 | €467,846 | +€281,679 | +151% |
| Fixed assets | 21/28 | €161,874 | €393,101 | +€231,228 | +143% |
| Intangible fixed assets | 21 | €150,630 | €371,635 | +€221,005 | +147% |
| Tangible fixed assets | 22/27 | €4,846 | €16,366 | +€11,520 | +238% |
| Plant, machinery and equipment | 23 | - | €5,118 | +€5,118 | |
| Furniture and vehicles | 24 | €4,846 | €3,820 | -€1,026 | -21.2% |
| Other tangible fixed assets | 26 | - | €7,428 | +€7,428 | |
| Financial fixed assets | 28 | €6,398 | €5,100 | -€1,298 | -20.3% |
| Current assets | 29/58 | €24,293 | €74,745 | +€50,451 | +208% |
| Stocks and contracts in progress | 3 | €5,335 | €780 | -€4,555 | -85.4% |
| Stocks | 30/36 | €5,335 | €780 | -€4,555 | -85.4% |
| Amounts receivable within one year | 40/41 | €15,253 | €32,453 | +€17,200 | +113% |
| Trade receivables | 40 | - | €17,365 | +€17,365 | |
| Other amounts receivable | 41 | €15,253 | €15,088 | -€165 | -1.1% |
| Cash at bank and in hand | 54/58 | €3,705 | €40,347 | +€36,642 | +989% |
| Deferred charges and accrued income | 490/1 | - | €1,165 | +€1,165 | |
| Total equity and liabilities | 10/49 | €186,167 | €467,846 | +€281,679 | +151% |
| Equity | 10/15 | -€15,928 | -€73,170 | -€57,242 | -359% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,928 | -€93,170 | -€57,242 | -159% |
| Amounts payable | 17/49 | €202,095 | €541,016 | +€338,921 | +168% |
| Amounts payable after more than one year | 17 | €200,000 | €468,760 | +€268,760 | +134% |
| Financial debts | 170/4 | €200,000 | €468,760 | +€268,760 | +134% |
| Amounts payable within one year | 42/48 | €1,415 | €67,361 | +€65,946 | +4,660% |
| Current portion of amounts payable after more than one year | 42 | - | €31,240 | +€31,240 | |
| Trade debts | 44 | €1,415 | €35,546 | +€34,131 | +2,412% |
| Suppliers | 440/4 | €1,415 | €35,546 | +€34,131 | +2,412% |
| Taxes, remuneration and social security | 45 | - | €542 | +€542 | |
| Taxes | 450/3 | - | €542 | +€542 | |
| Other amounts payable | 47/48 | - | €32 | +€32 | |
| Accrued charges and deferred income | 492/3 | €680 | €4,896 | +€4,216 | +620% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,721 | €29,108 | +€22,388 | +333% |
| Other operating charges | 640/8 | €936 | €3,291 | +€2,355 | +252% |
| Gross operating margin | 9900 | -€28,258 | -€19,507 | +€8,751 | +31.0% |
| Operating profit (loss) | 9901 | -€35,914 | -€51,906 | -€15,992 | -44.5% |
| Financial income | 75/76B | €2 | €15 | +€13 | +576% |
| Recurring financial income | 75 | €2 | €15 | +€13 | +576% |
| Financial charges | 65/66B | €16 | €5,351 | +€5,335 | +32,788% |
| Recurring financial charges | 65 | €16 | €5,351 | +€5,335 | +32,788% |
| Profit (loss) for the period before taxes | 9903 | -€35,928 | -€57,242 | -€21,314 | -59.3% |
| Profit (loss) for the period | 9904 | -€35,928 | -€57,242 | -€21,314 | -59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,928 | -€57,242 | -€21,314 | -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 30 October 2026 via checked.be.