MOSAN'DWICH: 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.
MOSAN'DWICH
Largest movements
- Cash +€30,882
up €30,882 (+34.8%), from €88,704 to €119,585
mainly Net result for the year (+€33,166) and Depreciation (+€25,106)
- Intangible fixed assets -€16,611
down €16,611 (-11.8%), from €140,926 to €124,315
- Tangible fixed assets -€3,220
down €3,220 (-31.5%), from €10,210 to €6,990
of which Other tangible fixed assets: -€3,784
- Reserves +€40,000
up €40,000 (+100%), from €40,000 to €80,000
- Debts after one year -€17,762
down €17,762 (-14.9%), from €119,598 to €101,836
of which Financial debts: -€17,762
- Accrued charges and deferred income -€8,733
down €8,733 (-45.1%), from €19,352 to €10,619
- Profit (loss) carried forward -€6,834
down €6,834 (-60.5%), from €11,302 to €4,467
- Gross operating margin +€34,907
up €34,907 (+14.0%), from €249,298 to €284,204
- Staff costs +€8,952
up €8,952 (+4.4%), from €202,531 to €211,483
- Write-downs -€3,416
down €3,416, from €1,708 to -€1,708
- Taxes +€3,374
up €3,374 (+971%), from €348 to €3,722
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 | €274,774 | €284,365 | +€9,591 | +3.5% |
| Fixed assets | 21/28 | €157,096 | €137,265 | -€19,831 | -12.6% |
| Intangible fixed assets | 21 | €140,926 | €124,315 | -€16,611 | -11.8% |
| Tangible fixed assets | 22/27 | €10,210 | €6,990 | -€3,220 | -31.5% |
| Plant, machinery and equipment | 23 | €3,218 | €2,213 | -€1,005 | -31.2% |
| Furniture and vehicles | 24 | €1,953 | €3,522 | +€1,569 | +80.3% |
| Other tangible fixed assets | 26 | €5,039 | €1,255 | -€3,784 | -75.1% |
| Financial fixed assets | 28 | €5,960 | €5,960 | = | 0.0% |
| Current assets | 29/58 | €117,678 | €147,100 | +€29,422 | +25.0% |
| Stocks and contracts in progress | 3 | €3,492 | €3,198 | -€294 | -8.4% |
| Stocks | 30/36 | €3,492 | €3,198 | -€294 | -8.4% |
| Amounts receivable within one year | 40/41 | €19,325 | €17,987 | -€1,337 | -6.9% |
| Trade receivables | 40 | €19,276 | €17,987 | -€1,289 | -6.7% |
| Other amounts receivable | 41 | €49 | €0 | -€48 | -99.3% |
| Cash at bank and in hand | 54/58 | €88,704 | €119,585 | +€30,882 | +34.8% |
| Deferred charges and accrued income | 490/1 | €6,158 | €6,329 | +€171 | +2.8% |
| Total equity and liabilities | 10/49 | €274,774 | €284,365 | +€9,591 | +3.5% |
| Equity | 10/15 | €71,302 | €104,467 | +€33,166 | +46.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €80,000 | +€40,000 | +100% |
| Distributable reserves | 133 | €40,000 | €80,000 | +€40,000 | +100% |
| Profit (loss) carried forward | 14 | €11,302 | €4,467 | -€6,834 | -60.5% |
| Amounts payable | 17/49 | €203,472 | €179,898 | -€23,574 | -11.6% |
| Amounts payable after more than one year | 17 | €119,598 | €101,836 | -€17,762 | -14.9% |
| Financial debts | 170/4 | €94,598 | €76,836 | -€17,762 | -18.8% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,522 | €67,443 | +€2,920 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €20,154 | €20,440 | +€286 | +1.4% |
| Financial debts | 43 | €5,700 | €5,700 | = | 0.0% |
| Credit institutions | 430/8 | €5,700 | €5,700 | = | 0.0% |
| Trade debts | 44 | €5,372 | €7,014 | +€1,642 | +30.6% |
| Suppliers | 440/4 | €5,372 | €7,014 | +€1,642 | +30.6% |
| Taxes, remuneration and social security | 45 | €31,173 | €31,546 | +€373 | +1.2% |
| Taxes | 450/3 | €5,897 | €6,157 | +€261 | +4.4% |
| Remuneration and social security | 454/9 | €25,276 | €25,389 | +€112 | +0.4% |
| Other amounts payable | 47/48 | €2,123 | €2,742 | +€619 | +29.2% |
| Accrued charges and deferred income | 492/3 | €19,352 | €10,619 | -€8,733 | -45.1% |
| Remuneration, social security and pensions | 62 | €202,531 | €211,483 | +€8,952 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,678 | €25,106 | +€428 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,708 | -€1,708 | -€3,416 | |
| Other operating charges | 640/8 | €786 | €2,099 | +€1,312 | +167% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | €80 | €34 | -€46 | -57.7% |
| Gross operating margin | 9900 | €249,298 | €284,204 | +€34,907 | +14.0% |
| Operating profit (loss) | 9901 | €19,514 | €47,191 | +€27,677 | +142% |
| Financial income | 75/76B | €171 | €162 | -€9 | -5.4% |
| Recurring financial income | 75 | €171 | €162 | -€9 | -5.4% |
| Financial charges | 65/66B | €8,401 | €10,465 | +€2,064 | +24.6% |
| Recurring financial charges | 65 | €8,401 | €10,465 | +€2,064 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,284 | €36,888 | +€25,604 | +227% |
| Income taxes | 67/77 | €348 | €3,722 | +€3,374 | +971% |
| Profit (loss) for the period | 9904 | €10,936 | €33,166 | +€22,229 | +203% |
| Profit (loss) for the period to be appropriated | 9905 | €10,936 | €33,166 | +€22,229 | +203% |
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 19 October 2026 via checked.be.