MOSAIC: 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
MOSAIC
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€32,843
2024 · €25,202-€58,045
Equity
€510,051
2024 · €542,894-€32,843
Cash
€2,393
2024 · €12,708-€10,315
Balance sheet total
€1.9m
2024 · €1.9m-€33,639
Largest movements
Assets
- Tangible fixed assets -€38,387
down €38,387 (-4.7%), from €816,223 to €777,835
of which Land and buildings: -€32,011
Equity and liabilities
- Debts after one year -€44,556
down €44,556 (-8.5%), from €527,116 to €482,560
- Other debts +€42,448
up €42,448 (+6.4%), from €666,293 to €708,742
- Accrued charges and deferred income +€21,705
up €21,705 (+47.9%), from €45,325 to €67,030
Income statement
- Gross operating margin -€30,192
down €30,192 (-44.9%), from €67,203 to €37,011
- Financial charges +€24,510
up €24,510 (+72.1%), from €34,003 to €58,513
- Financial income -€12,374
down €12,374 (-27.9%), from €44,376 to €32,002
- Taxes -€8,434
down €8,434 (-97.2%), from €8,677 to €243
- Depreciation -€685
down €685 (-1.6%), from €44,059 to €43,375
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
€25,202
Gross operating margin
-€30,192
Depreciation
+€685
Other operating charges
-€87
Financial income
-€12,374
Financial charges
-€24,510
Taxes
+€8,434
Result 2025
-€32,843
raises the resultlowers the result
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
+€48,081
Investment
-€4,634
Financing
-€53,762
Cash 2024
€12,708
From operations (derived)
+€48,081
Net result for the year
-€32,843
Depreciation
+€43,375
Stocks and contracts
-€9,223
Receivables within one year
-€6,451
Deferred charges and accrued income
+€257
Provisions
-€5,533
Trade debts
+€2,668
Tax, wage and social debts
-€8,322
Other debts
+€42,448
Accrued charges and deferred income
+€21,705
Investment (derived)
-€4,634
Investment in fixed assets (net)
-€4,634
Financing
-€53,762
Debts after one year
-€44,556
Current portion of long-term debt
-€9,206
Cash 2025
€2,393
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,916,937 | €1,883,298 | -€33,639 | -1.8% |
| Fixed assets | 21/28 | €859,540 | €820,799 | -€38,741 | -4.5% |
| Intangible fixed assets | 21 | €817 | €463 | -€354 | -43.3% |
| Tangible fixed assets | 22/27 | €816,223 | €777,835 | -€38,387 | -4.7% |
| Land and buildings | 22 | €729,558 | €697,548 | -€32,011 | -4.4% |
| Plant, machinery and equipment | 23 | €1,586 | €1,403 | -€183 | -11.5% |
| Furniture and vehicles | 24 | €20,814 | €14,857 | -€5,957 | -28.6% |
| Other tangible fixed assets | 26 | €64,265 | €64,028 | -€237 | -0.4% |
| Financial fixed assets | 28 | €42,500 | €42,500 | = | 0.0% |
| Current assets | 29/58 | €1,057,397 | €1,062,499 | +€5,102 | +0.5% |
| Stocks and contracts in progress | 3 | €18,296 | €27,519 | +€9,223 | +50.4% |
| Stocks | 30/36 | €18,296 | €27,519 | +€9,223 | +50.4% |
| Amounts receivable within one year | 40/41 | €1,021,882 | €1,028,333 | +€6,451 | +0.6% |
| Trade receivables | 40 | €42,876 | €16,541 | -€26,335 | -61.4% |
| Other amounts receivable | 41 | €979,006 | €1,011,792 | +€32,786 | +3.3% |
| Cash at bank and in hand | 54/58 | €12,708 | €2,393 | -€10,315 | -81.2% |
| Deferred charges and accrued income | 490/1 | €4,511 | €4,254 | -€257 | -5.7% |
| Total equity and liabilities | 10/49 | €1,916,937 | €1,883,298 | -€33,639 | -1.8% |
| Equity | 10/15 | €542,894 | €510,051 | -€32,843 | -6.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €521,590 | €504,992 | -€16,599 | -3.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €138,035 | €121,437 | -€16,599 | -12.0% |
| Distributable reserves | 133 | €381,700 | €381,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,753 | -€13,491 | -€16,244 | |
| Provisions and deferred taxes | 16 | €46,012 | €40,479 | -€5,533 | -12.0% |
| Deferred taxes | 168 | €46,012 | €40,479 | -€5,533 | -12.0% |
| Amounts payable | 17/49 | €1,328,031 | €1,332,768 | +€4,737 | +0.4% |
| Amounts payable after more than one year | 17 | €527,116 | €482,560 | -€44,556 | -8.5% |
| Financial debts | 170/4 | €527,116 | €482,560 | -€44,556 | -8.5% |
| Amounts payable within one year | 42/48 | €755,590 | €783,178 | +€27,588 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €53,762 | €44,556 | -€9,206 | -17.1% |
| Trade debts | 44 | €26,970 | €29,638 | +€2,668 | +9.9% |
| Suppliers | 440/4 | €26,970 | €29,638 | +€2,668 | +9.9% |
| Taxes, remuneration and social security | 45 | €8,565 | €242 | -€8,322 | -97.2% |
| Taxes | 450/3 | €8,565 | €242 | -€8,322 | -97.2% |
| Other amounts payable | 47/48 | €666,293 | €708,742 | +€42,448 | +6.4% |
| Accrued charges and deferred income | 492/3 | €45,325 | €67,030 | +€21,705 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,059 | €43,375 | -€685 | -1.6% |
| Other operating charges | 640/8 | €5,171 | €5,258 | +€87 | +1.7% |
| Gross operating margin | 9900 | €67,203 | €37,011 | -€30,192 | -44.9% |
| Operating profit (loss) | 9901 | €17,973 | -€11,622 | -€29,595 | |
| Financial income | 75/76B | €44,376 | €32,002 | -€12,374 | -27.9% |
| Recurring financial income | 75 | €44,376 | €32,002 | -€12,374 | -27.9% |
| Financial charges | 65/66B | €34,003 | €58,513 | +€24,510 | +72.1% |
| Recurring financial charges | 65 | €34,003 | €58,513 | +€24,510 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €28,346 | -€38,133 | -€66,479 | |
| Transfer from deferred taxes | 780 | €5,533 | €5,533 | = | 0.0% |
| Income taxes | 67/77 | €8,677 | €243 | -€8,434 | -97.2% |
| Profit (loss) for the period | 9904 | €25,202 | -€32,843 | -€58,045 | |
| Transfer from tax-exempt reserves | 789 | €16,599 | €16,599 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,801 | -€16,244 | -€58,045 |
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 13 October 2026 via checked.be.