MOSA EXPERTISE: 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.
MOSA EXPERTISE
Largest movements
- Cash +€50,454
up €50,454 (+218%), from €23,113 to €73,567
mainly Trade debts (+€56,127) and Receivables within one year (+€42,657)
- Receivables within one year -€42,657
down €42,657 (-12.4%), from €343,181 to €300,524
of which Trade receivables: -€51,793
- Tangible fixed assets -€13,772
down €13,772 (-9.9%), from €138,705 to €124,932
of which Land and buildings: -€7,170
- Deferred charges and accrued income +€7,164
up €7,164 (+4,248%), from €169 to €7,333
- Trade debts +€56,127
up €56,127 (+58.6%), from €95,773 to €151,900
- Profit (loss) carried forward -€50,948
down €50,948 (-20.8%), from €244,416 to €193,468
- Short-term financial debts -€29,932
down €29,932 (-80.3%), from €37,294 to €7,362
- Debts after one year +€18,658
new in 2025: €18,658
- Current portion of long-term debt +€9,746
new in 2025: €9,746
- Gross operating margin -€19,489
down €19,489 (-4.7%), from €416,969 to €397,480
- Staff costs +€15,005
up €15,005 (+4.0%), from €379,517 to €394,523
- Taxes -€8,703
down €8,703 (-86.7%), from €10,033 to €1,330
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 | €510,890 | €517,111 | +€6,221 | +1.2% |
| Fixed assets | 21/28 | €144,427 | €135,687 | -€8,740 | -6.1% |
| Intangible fixed assets | 21 | - | €5,033 | +€5,033 | |
| Tangible fixed assets | 22/27 | €138,705 | €124,932 | -€13,772 | -9.9% |
| Land and buildings | 22 | €119,610 | €112,440 | -€7,170 | -6.0% |
| Plant, machinery and equipment | 23 | €11,836 | €9,669 | -€2,167 | -18.3% |
| Furniture and vehicles | 24 | €7,259 | €2,823 | -€4,436 | -61.1% |
| Financial fixed assets | 28 | €5,722 | €5,722 | = | 0.0% |
| Current assets | 29/58 | €366,462 | €381,423 | +€14,961 | +4.1% |
| Amounts receivable within one year | 40/41 | €343,181 | €300,524 | -€42,657 | -12.4% |
| Trade receivables | 40 | €314,445 | €262,652 | -€51,793 | -16.5% |
| Other amounts receivable | 41 | €28,736 | €37,872 | +€9,136 | +31.8% |
| Cash at bank and in hand | 54/58 | €23,113 | €73,567 | +€50,454 | +218% |
| Deferred charges and accrued income | 490/1 | €169 | €7,333 | +€7,164 | +4,248% |
| Total equity and liabilities | 10/49 | €510,890 | €517,111 | +€6,221 | +1.2% |
| Equity | 10/15 | €265,644 | €214,696 | -€50,948 | -19.2% |
| Contributions | 10/11 | €19,228 | €19,228 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,416 | €193,468 | -€50,948 | -20.8% |
| Amounts payable | 17/49 | €245,245 | €302,414 | +€57,169 | +23.3% |
| Amounts payable after more than one year | 17 | - | €18,658 | +€18,658 | |
| Financial debts | 170/4 | - | €18,658 | +€18,658 | |
| Amounts payable within one year | 42/48 | €244,782 | €283,403 | +€38,621 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,746 | +€9,746 | |
| Financial debts | 43 | €37,294 | €7,362 | -€29,932 | -80.3% |
| Credit institutions | 430/8 | €37,294 | €7,362 | -€29,932 | -80.3% |
| Trade debts | 44 | €95,773 | €151,900 | +€56,127 | +58.6% |
| Suppliers | 440/4 | €95,773 | €151,900 | +€56,127 | +58.6% |
| Taxes, remuneration and social security | 45 | €58,940 | €63,017 | +€4,077 | +6.9% |
| Taxes | 450/3 | €15,030 | €17,602 | +€2,573 | +17.1% |
| Remuneration and social security | 454/9 | €43,911 | €45,415 | +€1,504 | +3.4% |
| Other amounts payable | 47/48 | €52,775 | €51,378 | -€1,396 | -2.6% |
| Accrued charges and deferred income | 492/3 | €464 | €353 | -€111 | -23.8% |
| Remuneration, social security and pensions | 62 | €379,517 | €394,523 | +€15,005 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,891 | €15,565 | -€1,326 | -7.9% |
| Other operating charges | 640/8 | €515 | €515 | = | 0.0% |
| Gross operating margin | 9900 | €416,969 | €397,480 | -€19,489 | -4.7% |
| Operating profit (loss) | 9901 | €20,047 | -€13,122 | -€33,168 | |
| Financial income | 75/76B | €1 | €15 | +€14 | +1,746% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1,746% |
| Financial charges | 65/66B | €2,771 | €4,866 | +€2,095 | +75.6% |
| Recurring financial charges | 65 | €2,771 | €4,866 | +€2,095 | +75.6% |
| Profit (loss) for the period before taxes | 9903 | €17,276 | -€17,973 | -€35,249 | |
| Income taxes | 67/77 | €10,033 | €1,330 | -€8,703 | -86.7% |
| Profit (loss) for the period | 9904 | €7,243 | -€19,303 | -€26,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,243 | -€19,303 | -€26,546 |
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 28 October 2026 via checked.be.