MOSAERT LABEL: 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.
MOSAERT LABEL
Largest movements
- Cash -€3.4m
down €3.4m (-80.4%), from €4.3m to €835,739
mainly Contributions, distributions and other (-€2.4m) and Tax, wage and social debts (-€1.8m)
- Receivables within one year +€518,864
up €518,864 (+18.3%), from €2.8m to €3.4m
of which Other amounts receivable: +€726,919
- Stocks and contracts -€116,485
down €116,485 (-27.0%), from €431,752 to €315,267
- Intangible fixed assets -€89,307
down €89,307 (-25.5%), from €350,317 to €261,010
- Tax, wage and social debts -€1.8m
down €1.8m (-94.5%), from €1.9m to €104,528
of which Taxes: -€1.8m
- Other debts -€1.1m
down €1.1m (-29.1%), from €3.7m to €2.6m
- Provisions +€341,095
new in 2025: €341,095
- Profit (loss) carried forward -€291,500
down €291,500 (-100%), from €291,500 to €0
- Trade debts -€210,584
down €210,584 (-23.2%), from €907,693 to €697,109
- Gross operating margin -€365,773
down €365,773 (-8.7%), from €4.2m to €3.9m
- Provisions +€341,095
new in 2025: €341,095
- Taxes -€181,094
down €181,094 (-20.4%), from €888,459 to €707,365
- Staff costs -€97,580
down €97,580 (-16.1%), from €606,949 to €509,369
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 | €8,035,344 | €4,962,710 | -€3.1m | -38.2% |
| Fixed assets | 21/28 | €479,253 | €431,476 | -€47,778 | -10.0% |
| Intangible fixed assets | 21 | €350,317 | €261,010 | -€89,307 | -25.5% |
| Tangible fixed assets | 22/27 | €119,328 | €160,857 | +€41,530 | +34.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €70,042 | €85,076 | +€15,033 | +21.5% |
| Other tangible fixed assets | 26 | €10,984 | €75,782 | +€64,797 | +590% |
| Assets under construction and advance payments | 27 | €38,301 | €0 | -€38,301 | -100% |
| Financial fixed assets | 28 | €9,609 | €9,609 | = | 0.0% |
| Current assets | 29/58 | €7,556,091 | €4,531,234 | -€3.0m | -40.0% |
| Stocks and contracts in progress | 3 | €431,752 | €315,267 | -€116,485 | -27.0% |
| Stocks | 30/36 | €431,752 | €315,267 | -€116,485 | -27.0% |
| Amounts receivable within one year | 40/41 | €2,839,124 | €3,357,988 | +€518,864 | +18.3% |
| Trade receivables | 40 | €2,661,580 | €2,453,525 | -€208,055 | -7.8% |
| Other amounts receivable | 41 | €177,544 | €904,463 | +€726,919 | +409% |
| Cash at bank and in hand | 54/58 | €4,259,338 | €835,739 | -€3.4m | -80.4% |
| Deferred charges and accrued income | 490/1 | €25,877 | €22,240 | -€3,637 | -14.1% |
| Total equity and liabilities | 10/49 | €8,035,344 | €4,962,710 | -€3.1m | -38.2% |
| Equity | 10/15 | €1,500,000 | €1,171,000 | -€329,000 | -21.9% |
| Contributions | 10/11 | €1,171,000 | €1,171,000 | = | 0.0% |
| Reserves | 13 | €37,500 | €0 | -€37,500 | -100% |
| Distributable reserves | 133 | €37,500 | €0 | -€37,500 | -100% |
| Profit (loss) carried forward | 14 | €291,500 | €0 | -€291,500 | -100% |
| Provisions and deferred taxes | 16 | - | €341,095 | +€341,095 | |
| Provisions for liabilities and charges | 160/5 | - | €341,095 | +€341,095 | |
| Other liabilities and charges | 164/5 | - | €341,095 | +€341,095 | |
| Amounts payable | 17/49 | €6,535,344 | €3,450,615 | -€3.1m | -47.2% |
| Amounts payable within one year | 42/48 | €6,522,590 | €3,439,790 | -€3.1m | -47.3% |
| Trade debts | 44 | €907,693 | €697,109 | -€210,584 | -23.2% |
| Suppliers | 440/4 | €907,693 | €697,109 | -€210,584 | -23.2% |
| Taxes, remuneration and social security | 45 | €1,891,526 | €104,528 | -€1.8m | -94.5% |
| Taxes | 450/3 | €1,842,121 | €43,160 | -€1.8m | -97.7% |
| Remuneration and social security | 454/9 | €49,405 | €61,368 | +€11,963 | +24.2% |
| Other amounts payable | 47/48 | €3,723,370 | €2,638,153 | -€1.1m | -29.1% |
| Accrued charges and deferred income | 492/3 | €12,755 | €10,825 | -€1,930 | -15.1% |
| Remuneration, social security and pensions | 62 | €606,949 | €509,369 | -€97,580 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,734 | €154,880 | +€20,146 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,062 | -€170 | -€14,232 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €341,095 | +€341,095 | |
| Other operating charges | 640/8 | €44,160 | €48,045 | +€3,885 | +8.8% |
| Non-recurring operating charges | 66A | €153 | €17,613 | +€17,460 | +11,382% |
| Gross operating margin | 9900 | €4,221,198 | €3,855,425 | -€365,773 | -8.7% |
| Operating profit (loss) | 9901 | €3,421,140 | €2,784,592 | -€636,548 | -18.6% |
| Financial income | 75/76B | €64,789 | €40,363 | -€24,426 | -37.7% |
| Recurring financial income | 75 | €64,789 | €40,363 | -€24,426 | -37.7% |
| Financial charges | 65/66B | €12,259 | €48,898 | +€36,639 | +299% |
| Recurring financial charges | 65 | €12,259 | €48,898 | +€36,639 | +299% |
| Profit (loss) for the period before taxes | 9903 | €3,473,670 | €2,776,057 | -€697,613 | -20.1% |
| Income taxes | 67/77 | €888,459 | €707,365 | -€181,094 | -20.4% |
| Profit (loss) for the period | 9904 | €2,585,210 | €2,068,692 | -€516,519 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,585,210 | €2,068,692 | -€516,519 | -20.0% |
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 23 October 2026 via checked.be.