MOSA GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€38,252
down €38,252 (-63.4%), from €60,292 to €22,041
of which Furniture and vehicles: -€32,766
- Cash -€21,932
down €21,932 (-28.9%), from €75,943 to €54,011
mainly Trade debts (-€64,191) and Receivables within one year (-€18,263)
- Receivables within one year +€18,263
up €18,263 (+58.9%), from €31,027 to €49,291
of which Other amounts receivable: +€22,603
- Deferred charges and accrued income -€9,000
no longer reported in 2025 (was €9,000)
- Trade debts -€64,191
down €64,191 (-78.1%), from €82,180 to €17,989
- Reserves +€18,016
up €18,016 (+59.4%), from €30,323 to €48,339
- Current portion of long-term debt -€9,859
down €9,859 (-41.0%), from €24,045 to €14,186
- Debts after one year +€6,747
up €6,747 (+36.4%), from €18,530 to €25,277
- Other debts -€4,370
no longer reported in 2025 (was €4,370)
- Gross operating margin -€142,054
down €142,054 (-70.3%), from €202,177 to €60,123
- Staff costs -€127,156
down €127,156 (-89.2%), from €142,560 to €15,405
- Depreciation -€16,765
down €16,765 (-57.4%), from €29,219 to €12,455
- Taxes +€5,427
up €5,427 (+193%), from €2,807 to €8,234
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 | €176,263 | €125,919 | -€50,344 | -28.6% |
| Fixed assets | 21/28 | €60,292 | €22,617 | -€37,675 | -62.5% |
| Tangible fixed assets | 22/27 | €60,292 | €22,041 | -€38,252 | -63.4% |
| Plant, machinery and equipment | 23 | €24,452 | €18,966 | -€5,486 | -22.4% |
| Furniture and vehicles | 24 | €35,841 | €3,075 | -€32,766 | -91.4% |
| Financial fixed assets | 28 | - | €577 | +€577 | |
| Current assets | 29/58 | €115,970 | €103,302 | -€12,669 | -10.9% |
| Amounts receivable within one year | 40/41 | €31,027 | €49,291 | +€18,263 | +58.9% |
| Trade receivables | 40 | €31,000 | €26,660 | -€4,340 | -14.0% |
| Other amounts receivable | 41 | €27 | €22,631 | +€22,603 | +82,283% |
| Cash at bank and in hand | 54/58 | €75,943 | €54,011 | -€21,932 | -28.9% |
| Deferred charges and accrued income | 490/1 | €9,000 | - | -€9,000 | |
| Total equity and liabilities | 10/49 | €176,263 | €125,919 | -€50,344 | -28.6% |
| Equity | 10/15 | €35,323 | €53,339 | +€18,016 | +51.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,323 | €48,339 | +€18,016 | +59.4% |
| Distributable reserves | 133 | €30,323 | €48,339 | +€18,016 | +59.4% |
| Amounts payable | 17/49 | €140,940 | €72,581 | -€68,359 | -48.5% |
| Amounts payable after more than one year | 17 | €18,530 | €25,277 | +€6,747 | +36.4% |
| Financial debts | 170/4 | €18,530 | €25,277 | +€6,747 | +36.4% |
| Amounts payable within one year | 42/48 | €121,910 | €47,303 | -€74,607 | -61.2% |
| Current portion of amounts payable after more than one year | 42 | €24,045 | €14,186 | -€9,859 | -41.0% |
| Financial debts | 43 | - | €12 | +€12 | |
| Credit institutions | 430/8 | - | €12 | +€12 | |
| Trade debts | 44 | €82,180 | €17,989 | -€64,191 | -78.1% |
| Suppliers | 440/4 | €82,180 | €17,989 | -€64,191 | -78.1% |
| Taxes, remuneration and social security | 45 | €11,315 | €15,116 | +€3,802 | +33.6% |
| Taxes | 450/3 | €7,459 | €15,116 | +€7,657 | +103% |
| Remuneration and social security | 454/9 | €3,856 | - | -€3,856 | |
| Other amounts payable | 47/48 | €4,370 | - | -€4,370 | |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €142,560 | €15,405 | -€127,156 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,219 | €12,455 | -€16,765 | -57.4% |
| Other operating charges | 640/8 | €1,297 | €1,048 | -€249 | -19.2% |
| Non-recurring operating charges | 66A | - | €3,401 | +€3,401 | |
| Gross operating margin | 9900 | €202,177 | €60,123 | -€142,054 | -70.3% |
| Operating profit (loss) | 9901 | €29,101 | €27,814 | -€1,287 | -4.4% |
| Financial income | 75/76B | €117 | €881 | +€764 | +652% |
| Recurring financial income | 75 | €117 | €881 | +€764 | +652% |
| Financial charges | 65/66B | €2,757 | €2,445 | -€312 | -11.3% |
| Recurring financial charges | 65 | €2,757 | €2,445 | -€312 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €26,461 | €26,250 | -€211 | -0.8% |
| Income taxes | 67/77 | €2,807 | €8,234 | +€5,427 | +193% |
| Profit (loss) for the period | 9904 | €23,654 | €18,016 | -€5,638 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,654 | €18,016 | -€5,638 | -23.8% |
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 18 October 2026 via checked.be.