MOSA FREIN: 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.
What changed
MOSA FREIN
NACE 46.649, Wholesale of other machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€306,183
2024 · €182,737+€123,446
Equity
€922,493
2024 · €633,500+€288,992
Cash
€170,261
2024 · €68,600+€101,660
Balance sheet total
€2.1m
2024 · €2.1m-€13,677
Largest movements
Assets
- Cash +€101,660
up €101,660 (+148%), from €68,600 to €170,261
mainly Net result for the year (+€306,183) and Stocks and contracts (+€101,104)
- Stocks and contracts -€101,104
down €101,104 (-6.8%), from €1.5m to €1.4m
- Receivables within one year -€24,160
down €24,160 (-7.2%), from €337,390 to €313,231
of which Trade receivables: -€70,969
Equity and liabilities
- Short-term financial debts -€273,590
down €273,590 (-91.2%), from €300,000 to €26,410
- Reserves +€147,350
up €147,350 (+42.2%), from €349,544 to €496,894
of which Tax-exempt reserves: +€147,350
- Profit (loss) carried forward +€141,642
up €141,642 (+53.4%), from €265,356 to €406,999
- Debts after one year -€134,367
down €134,367 (-43.2%), from €311,204 to €176,837
- Trade debts +€79,516
up €79,516 (+41.3%), from €192,663 to €272,179
Income statement
- Gross operating margin +€163,394
up €163,394 (+19.5%), from €836,950 to €1.0m
- Taxes +€38,427
up €38,427 (+55.1%), from €69,690 to €108,116
- Financial income +€15,830
up €15,830 (+123%), from €12,865 to €28,695
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.
Result 2024
€182,737
Gross operating margin
+€163,394
Staff costs
-€1,686
Depreciation
-€5,965
Write-downs
+€653
Other operating charges
-€651
Other operating items
-€99
Financial income
+€15,830
Financial charges
-€9,603
Taxes
-€38,427
Result 2025
€306,183
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€628,200
Investment
-€96,208
Financing
-€430,332
Cash 2024
€68,600
From operations (derived)
+€628,200
Net result for the year
+€306,183
Depreciation
+€86,040
Stocks and contracts
+€101,104
Receivables within one year
+€24,160
Deferred charges and accrued income
+€241
Trade debts
+€79,516
Tax, wage and social debts
-€12,901
Other debts
+€43,857
Investment (derived)
-€96,208
Investment in fixed assets (net)
-€97,258
Current investments
+€1,050
Financing
-€430,332
Debts after one year
-€134,367
Current portion of long-term debt
-€5,184
Short-term financial debts
-€273,590
Contributions, distributions and other
-€17,191
Cash 2025
€170,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,143,838 | €2,130,161 | -€13,677 | -0.6% |
| Fixed assets | 21/28 | €246,613 | €257,831 | +€11,218 | +4.5% |
| Intangible fixed assets | 21 | €3,332 | €1,211 | -€2,121 | -63.7% |
| Tangible fixed assets | 22/27 | €242,426 | €255,765 | +€13,338 | +5.5% |
| Plant, machinery and equipment | 23 | €144,132 | €103,256 | -€40,876 | -28.4% |
| Furniture and vehicles | 24 | €25,798 | €74,946 | +€49,149 | +191% |
| Other tangible fixed assets | 26 | €72,497 | €77,562 | +€5,066 | +7.0% |
| Financial fixed assets | 28 | €855 | €855 | = | 0.0% |
| Current assets | 29/58 | €1,897,225 | €1,872,330 | -€24,895 | -1.3% |
| Stocks and contracts in progress | 3 | €1,478,524 | €1,377,419 | -€101,104 | -6.8% |
| Stocks | 30/36 | €1,478,524 | €1,377,419 | -€101,104 | -6.8% |
| Amounts receivable within one year | 40/41 | €337,390 | €313,231 | -€24,160 | -7.2% |
| Trade receivables | 40 | €336,590 | €265,621 | -€70,969 | -21.1% |
| Other amounts receivable | 41 | €801 | €47,610 | +€46,809 | +5,847% |
| Current investments | 50/53 | €1,050 | €0 | -€1,050 | -100% |
| Cash at bank and in hand | 54/58 | €68,600 | €170,261 | +€101,660 | +148% |
| Deferred charges and accrued income | 490/1 | €11,661 | €11,420 | -€241 | -2.1% |
| Total equity and liabilities | 10/49 | €2,143,838 | €2,130,161 | -€13,677 | -0.6% |
| Equity | 10/15 | €633,500 | €922,493 | +€288,992 | +45.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €349,544 | €496,894 | +€147,350 | +42.2% |
| Tax-exempt reserves | 132 | €36,684 | €184,034 | +€147,350 | +402% |
| Distributable reserves | 133 | €312,860 | €312,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,356 | €406,999 | +€141,642 | +53.4% |
| Amounts payable | 17/49 | €1,510,338 | €1,207,668 | -€302,669 | -20.0% |
| Amounts payable after more than one year | 17 | €311,204 | €176,837 | -€134,367 | -43.2% |
| Financial debts | 170/4 | €311,204 | €176,837 | -€134,367 | -43.2% |
| Amounts payable within one year | 42/48 | €1,199,134 | €1,030,832 | -€168,302 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €123,905 | €118,721 | -€5,184 | -4.2% |
| Financial debts | 43 | €300,000 | €26,410 | -€273,590 | -91.2% |
| Credit institutions | 430/8 | €300,000 | €26,410 | -€273,590 | -91.2% |
| Trade debts | 44 | €192,663 | €272,179 | +€79,516 | +41.3% |
| Suppliers | 440/4 | €192,663 | €272,179 | +€79,516 | +41.3% |
| Taxes, remuneration and social security | 45 | €125,716 | €112,815 | -€12,901 | -10.3% |
| Taxes | 450/3 | €66,865 | €58,280 | -€8,584 | -12.8% |
| Remuneration and social security | 454/9 | €58,851 | €54,534 | -€4,317 | -7.3% |
| Other amounts payable | 47/48 | €456,850 | €500,707 | +€43,857 | +9.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €40,000 | €0 | -€40,000 | -100% |
| Remuneration, social security and pensions | 62 | €454,155 | €455,841 | +€1,686 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,075 | €86,040 | +€5,965 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,728 | €2,076 | -€653 | -23.9% |
| Other operating charges | 640/8 | €4,925 | €5,575 | +€651 | +13.2% |
| Non-recurring operating charges | 66A | €0 | €99 | +€99 | |
| Gross operating margin | 9900 | €836,950 | €1,000,344 | +€163,394 | +19.5% |
| Operating profit (loss) | 9901 | €295,066 | €450,712 | +€155,646 | +52.7% |
| Financial income | 75/76B | €12,865 | €28,695 | +€15,830 | +123% |
| Recurring financial income | 75 | €12,865 | €28,695 | +€15,830 | +123% |
| Financial charges | 65/66B | €55,505 | €65,108 | +€9,603 | +17.3% |
| Recurring financial charges | 65 | €55,505 | €65,108 | +€9,603 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €252,427 | €414,300 | +€161,873 | +64.1% |
| Income taxes | 67/77 | €69,690 | €108,116 | +€38,427 | +55.1% |
| Profit (loss) for the period | 9904 | €182,737 | €306,183 | +€123,446 | +67.6% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €182,737 | €158,833 | -€23,904 | -13.1% |
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 26 October 2026 via checked.be.