MOSA: 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.
MOSA
Largest movements
- Cash +€41,706
up €41,706 (+61.4%), from €67,933 to €109,640
mainly Receivables within one year (+€30,332) and Receivables after one year (+€19,572)
- Receivables within one year -€30,332
down €30,332 (-59.7%), from €50,846 to €20,514
of which Trade receivables: -€40,523
- Receivables after one year -€19,572
down €19,572 (-19.6%), from €100,000 to €80,428
- Tangible fixed assets -€9,543
down €9,543 (-14.6%), from €65,499 to €55,955
of which Other tangible fixed assets: -€9,963
- Tax, wage and social debts -€11,069
down €11,069 (-99.4%), from €11,131 to €62
of which Taxes: -€9,269
- Other debts -€4,029
down €4,029 (-28.7%), from €14,029 to €10,000
- Gross operating margin -€45,765
down €45,765 (-87.5%), from €52,319 to €6,554
- Financial income -€13,174
down €13,174 (-76.6%), from €17,205 to €4,030
- Taxes -€9,049
down €9,049 (-92.3%), from €9,804 to €756
- Depreciation +€1,079
up €1,079 (+9.8%), from €11,033 to €12,112
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 | €296,945 | €279,296 | -€17,649 | -5.9% |
| Fixed assets | 21/28 | €75,199 | €65,655 | -€9,543 | -12.7% |
| Tangible fixed assets | 22/27 | €65,499 | €55,955 | -€9,543 | -14.6% |
| Plant, machinery and equipment | 23 | - | €978 | +€978 | |
| Furniture and vehicles | 24 | €2,489 | €1,931 | -€559 | -22.4% |
| Other tangible fixed assets | 26 | €63,010 | €53,046 | -€9,963 | -15.8% |
| Financial fixed assets | 28 | €9,700 | €9,700 | = | 0.0% |
| Current assets | 29/58 | €221,747 | €213,641 | -€8,106 | -3.7% |
| Amounts receivable after more than one year | 29 | €100,000 | €80,428 | -€19,572 | -19.6% |
| Other amounts receivable | 291 | €100,000 | €80,428 | -€19,572 | -19.6% |
| Amounts receivable within one year | 40/41 | €50,846 | €20,514 | -€30,332 | -59.7% |
| Trade receivables | 40 | €40,523 | - | -€40,523 | |
| Other amounts receivable | 41 | €10,323 | €20,514 | +€10,191 | +98.7% |
| Cash at bank and in hand | 54/58 | €67,933 | €109,640 | +€41,706 | +61.4% |
| Deferred charges and accrued income | 490/1 | €2,967 | €3,059 | +€92 | +3.1% |
| Total equity and liabilities | 10/49 | €296,945 | €279,296 | -€17,649 | -5.9% |
| Equity | 10/15 | €271,493 | €268,880 | -€2,612 | -1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €270,493 | €267,880 | -€2,612 | -1.0% |
| Distributable reserves | 133 | €270,493 | €267,880 | -€2,612 | -1.0% |
| Amounts payable | 17/49 | €25,453 | €10,416 | -€15,037 | -59.1% |
| Amounts payable within one year | 42/48 | €25,453 | €10,416 | -€15,037 | -59.1% |
| Trade debts | 44 | €293 | €354 | +€61 | +20.8% |
| Suppliers | 440/4 | €293 | €354 | +€61 | +20.8% |
| Taxes, remuneration and social security | 45 | €11,131 | €62 | -€11,069 | -99.4% |
| Taxes | 450/3 | €9,331 | €62 | -€9,269 | -99.3% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €14,029 | €10,000 | -€4,029 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,033 | €12,112 | +€1,079 | +9.8% |
| Other operating charges | 640/8 | €248 | €273 | +€25 | +10.0% |
| Gross operating margin | 9900 | €52,319 | €6,554 | -€45,765 | -87.5% |
| Operating profit (loss) | 9901 | €41,037 | -€5,831 | -€46,869 | |
| Financial income | 75/76B | €17,205 | €4,030 | -€13,174 | -76.6% |
| Recurring financial income | 75 | €17,205 | €4,030 | -€13,174 | -76.6% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +2.5% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €58,188 | -€1,857 | -€60,045 | |
| Income taxes | 67/77 | €9,804 | €756 | -€9,049 | -92.3% |
| Profit (loss) for the period | 9904 | €48,384 | -€2,612 | -€50,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,384 | -€2,612 | -€50,996 |
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 8 October 2026 via checked.be.