MOSAERT: 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.
MOSAERT
Largest movements
- Current investments +€3.6m
up €3.6m (+33.2%), from €10.9m to €14.5m
- Deferred charges and accrued income +€1.4m
up €1.4m (+1381.0%), from €98,889 to €1.5m
- Cash -€456,371
down €456,371 (-10.0%), from €4.6m to €4.1m
mainly Current investments (-€3.6m) and Deferred charges and accrued income (-€1.4m)
- Reserves +€3.3m
up €3.3m (+40.1%), from €8.4m to €11.7m
- Other debts +€825,915
up €825,915 (+204890.9%), from €403 to €826,318
- Tax, wage and social debts +€371,044
up €371,044 (+85.2%), from €435,316 to €806,360
- Financial income -€181,629
down €181,629 (-3.5%), from €5.2m to €5.0m
- Financial charges +€100,347
up €100,347, from -€92,487 to €7,860
- Taxes -€22,062
down €22,062 (-4.2%), from €524,877 to €502,815
- Other operating charges +€3,121
up €3,121 (+15.4%), from €20,249 to €23,370
- Gross operating margin +€1,873
up €1,873 (+5.1%), from -€36,455 to -€34,582
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 | €18,482,610 | €23,020,231 | +€4.5m | +24.6% |
| Fixed assets | 21/28 | €2,905,196 | €2,905,196 | = | 0.0% |
| Financial fixed assets | 28 | €2,905,196 | €2,905,196 | = | 0.0% |
| Current assets | 29/58 | €15,577,414 | €20,115,035 | +€4.5m | +29.1% |
| Amounts receivable within one year | 40/41 | - | €73 | +€73 | |
| Other amounts receivable | 41 | - | €73 | +€73 | |
| Current investments | 50/53 | €10,919,839 | €14,548,089 | +€3.6m | +33.2% |
| Cash at bank and in hand | 54/58 | €4,558,687 | €4,102,316 | -€456,371 | -10.0% |
| Deferred charges and accrued income | 490/1 | €98,889 | €1,464,557 | +€1.4m | +1381.0% |
| Total equity and liabilities | 10/49 | €18,482,610 | €23,020,231 | +€4.5m | +24.6% |
| Equity | 10/15 | €18,034,125 | €21,383,897 | +€3.3m | +18.6% |
| Contributions | 10/11 | €6,386 | €6,386 | = | 0.0% |
| Reserves | 13 | €8,362,418 | €11,712,190 | +€3.3m | +40.1% |
| Distributable reserves | 133 | €8,362,418 | €11,712,190 | +€3.3m | +40.1% |
| Profit (loss) carried forward | 14 | €9,665,321 | €9,665,321 | = | 0.0% |
| Amounts payable | 17/49 | €448,485 | €1,636,334 | +€1.2m | +264.9% |
| Amounts payable within one year | 42/48 | €448,485 | €1,636,334 | +€1.2m | +264.9% |
| Trade debts | 44 | €12,766 | €3,655 | -€9,111 | -71.4% |
| Suppliers | 440/4 | €12,766 | €3,655 | -€9,111 | -71.4% |
| Taxes, remuneration and social security | 45 | €435,316 | €806,360 | +€371,044 | +85.2% |
| Taxes | 450/3 | €435,316 | €806,360 | +€371,044 | +85.2% |
| Other amounts payable | 47/48 | €403 | €826,318 | +€825,915 | +204890.9% |
| Other operating charges | 640/8 | €20,249 | €23,370 | +€3,121 | +15.4% |
| Gross operating margin | 9900 | -€36,455 | -€34,582 | +€1,873 | +5.1% |
| Operating profit (loss) | 9901 | -€56,704 | -€57,952 | -€1,247 | -2.2% |
| Financial income | 75/76B | €5,201,590 | €5,019,961 | -€181,629 | -3.5% |
| Recurring financial income | 75 | €5,201,590 | €5,019,961 | -€181,629 | -3.5% |
| Financial charges | 65/66B | -€92,487 | €7,860 | +€100,347 | |
| Recurring financial charges | 65 | -€92,487 | €7,860 | +€100,347 | |
| Profit (loss) for the period before taxes | 9903 | €5,237,373 | €4,954,149 | -€283,224 | -5.4% |
| Income taxes | 67/77 | €524,877 | €502,815 | -€22,062 | -4.2% |
| Profit (loss) for the period | 9904 | €4,712,496 | €4,451,334 | -€261,162 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,712,496 | €4,451,334 | -€261,162 | -5.5% |
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 4 October 2026 via checked.be.