MOSAL: 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.
MOSAL
Largest movements
- Cash +€2.0m
up €2.0m (+259.8%), from €757,797 to €2.7m
mainly Other debts (+€1.8m) and Trade debts (+€906,567)
- Receivables within one year +€895,409
up €895,409 (+44.0%), from €2.0m to €2.9m
of which Trade receivables: +€895,520
- Other debts +€1.8m
up €1.8m (+463.7%), from €393,789 to €2.2m
- Trade debts +€906,567
up €906,567 (+43.8%), from €2.1m to €3.0m
- Tax, wage and social debts +€176,161
up €176,161 (+51.7%), from €340,919 to €517,079
of which Taxes: +€139,259
- Gross operating margin +€64,621
up €64,621 (+9.8%), from €658,243 to €722,864
- Staff costs +€62,474
up €62,474 (+10.0%), from €622,181 to €684,655
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 | €2,849,780 | €5,759,725 | +€2.9m | +102.1% |
| Fixed assets | 21/28 | €31,518 | €54,466 | +€22,948 | +72.8% |
| Intangible fixed assets | 21 | €2,143 | €17,212 | +€15,069 | +703.1% |
| Tangible fixed assets | 22/27 | €22,315 | €29,172 | +€6,857 | +30.7% |
| Plant, machinery and equipment | 23 | €18,688 | €26,270 | +€7,582 | +40.6% |
| Furniture and vehicles | 24 | €495 | €1,445 | +€950 | +191.9% |
| Other tangible fixed assets | 26 | €3,132 | €1,457 | -€1,675 | -53.5% |
| Financial fixed assets | 28 | €7,060 | €8,082 | +€1,022 | +14.5% |
| Current assets | 29/58 | €2,818,261 | €5,705,259 | +€2.9m | +102.4% |
| Amounts receivable within one year | 40/41 | €2,036,833 | €2,932,242 | +€895,409 | +44.0% |
| Trade receivables | 40 | €2,036,534 | €2,932,054 | +€895,520 | +44.0% |
| Other amounts receivable | 41 | €299 | €188 | -€111 | -37.2% |
| Cash at bank and in hand | 54/58 | €757,797 | €2,726,615 | +€2.0m | +259.8% |
| Deferred charges and accrued income | 490/1 | €23,632 | €46,402 | +€22,770 | +96.3% |
| Total equity and liabilities | 10/49 | €2,849,780 | €5,759,725 | +€2.9m | +102.1% |
| Equity | 10/15 | €43,212 | €44,481 | +€1,269 | +2.9% |
| Contributions | 10/11 | €26,620 | €26,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,592 | €17,861 | +€1,269 | +7.6% |
| Amounts payable | 17/49 | €2,806,568 | €5,715,244 | +€2.9m | +103.6% |
| Amounts payable within one year | 42/48 | €2,806,385 | €5,715,244 | +€2.9m | +103.7% |
| Trade debts | 44 | €2,071,678 | €2,978,245 | +€906,567 | +43.8% |
| Suppliers | 440/4 | €2,071,678 | €2,978,245 | +€906,567 | +43.8% |
| Taxes, remuneration and social security | 45 | €340,919 | €517,079 | +€176,161 | +51.7% |
| Taxes | 450/3 | €138,878 | €278,137 | +€139,259 | +100.3% |
| Remuneration and social security | 454/9 | €202,041 | €238,942 | +€36,902 | +18.3% |
| Other amounts payable | 47/48 | €393,789 | €2,219,920 | +€1.8m | +463.7% |
| Accrued charges and deferred income | 492/3 | €183 | - | -€183 | |
| Remuneration, social security and pensions | 62 | €622,181 | €684,655 | +€62,474 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,334 | €18,265 | -€4,069 | -18.2% |
| Other operating charges | 640/8 | €1,898 | €1,689 | -€208 | -11.0% |
| Gross operating margin | 9900 | €658,243 | €722,864 | +€64,621 | +9.8% |
| Operating profit (loss) | 9901 | €11,831 | €18,255 | +€6,424 | +54.3% |
| Financial income | 75/76B | €991 | €3 | -€988 | -99.7% |
| Recurring financial income | 75 | €991 | €3 | -€988 | -99.7% |
| Financial charges | 65/66B | €578 | €489 | -€89 | -15.3% |
| Recurring financial charges | 65 | €578 | €489 | -€89 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €12,245 | €17,769 | +€5,524 | +45.1% |
| Income taxes | 67/77 | €11,028 | €16,500 | +€5,472 | +49.6% |
| Profit (loss) for the period | 9904 | €1,217 | €1,269 | +€52 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,217 | €1,269 | +€52 | +4.3% |
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 3 October 2026 via checked.be.