MOSAREVES: 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.
MOSAREVES
Largest movements
- Cash +€6,101
up €6,101 (+175.9%), from €3,468 to €9,570
mainly Net result for the year (+€6,359) and Depreciation (+€5,904)
- Tangible fixed assets -€1,316
down €1,316 (-7.7%), from €17,086 to €15,770
- Deferred charges and accrued income +€846
up €846 (+632.5%), from €134 to €980
- Receivables within one year -€593
down €593 (-10.1%), from €5,860 to €5,267
of which Trade receivables: -€2,286
- Reserves +€5,000
new in 2025: €5,000
- Debts after one year -€2,595
down €2,595 (-69.9%), from €3,712 to €1,118
- Profit (loss) carried forward +€1,359
up €1,359 (+47.5%), from -€2,862 to -€1,503
- Tax, wage and social debts +€500
up €500 (+793.7%), from €63 to €563
- Trade debts +€455
up €455 (+10.0%), from €4,560 to €5,015
- Gross operating margin +€3,040
up €3,040 (+23.6%), from €12,866 to €15,907
- Depreciation +€1,010
up €1,010 (+20.6%), from €4,894 to €5,904
- Taxes +€500
new in 2025: €500
- Other operating charges +€174
up €174 (+6.4%), from €2,702 to €2,876
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 | €26,548 | €31,587 | +€5,039 | +19.0% |
| Fixed assets | 21/28 | €17,086 | €15,770 | -€1,316 | -7.7% |
| Tangible fixed assets | 22/27 | €17,086 | €15,770 | -€1,316 | -7.7% |
| Other tangible fixed assets | 26 | €17,086 | €15,770 | -€1,316 | -7.7% |
| Current assets | 29/58 | €9,462 | €15,817 | +€6,355 | +67.2% |
| Amounts receivable within one year | 40/41 | €5,860 | €5,267 | -€593 | -10.1% |
| Trade receivables | 40 | €3,074 | €788 | -€2,286 | -74.4% |
| Other amounts receivable | 41 | €2,786 | €4,479 | +€1,693 | +60.8% |
| Cash at bank and in hand | 54/58 | €3,468 | €9,570 | +€6,101 | +175.9% |
| Deferred charges and accrued income | 490/1 | €134 | €980 | +€846 | +632.5% |
| Total equity and liabilities | 10/49 | €26,548 | €31,587 | +€5,039 | +19.0% |
| Equity | 10/15 | €15,738 | €22,097 | +€6,359 | +40.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €5,000 | +€5,000 | |
| Distributable reserves | 133 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€2,862 | -€1,503 | +€1,359 | +47.5% |
| Amounts payable | 17/49 | €10,810 | €9,490 | -€1,320 | -12.2% |
| Amounts payable after more than one year | 17 | €3,712 | €1,118 | -€2,595 | -69.9% |
| Financial debts | 170/4 | €3,712 | €1,118 | -€2,595 | -69.9% |
| Amounts payable within one year | 42/48 | €7,098 | €8,372 | +€1,274 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €2,476 | €2,595 | +€119 | +4.8% |
| Trade debts | 44 | €4,560 | €5,015 | +€455 | +10.0% |
| Suppliers | 440/4 | €4,560 | €5,015 | +€455 | +10.0% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €63 | €563 | +€500 | +793.7% |
| Taxes | 450/3 | €63 | €563 | +€500 | +793.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €5,904 | +€1,010 | +20.6% |
| Other operating charges | 640/8 | €2,702 | €2,876 | +€174 | +6.4% |
| Gross operating margin | 9900 | €12,866 | €15,907 | +€3,040 | +23.6% |
| Operating profit (loss) | 9901 | €5,270 | €7,126 | +€1,857 | +35.2% |
| Financial income | 75/76B | €97 | €188 | +€91 | +93.6% |
| Recurring financial income | 75 | €97 | €188 | +€91 | +93.6% |
| Financial charges | 65/66B | €492 | €455 | -€38 | -7.7% |
| Recurring financial charges | 65 | €492 | €455 | -€38 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €4,874 | €6,859 | +€1,985 | +40.7% |
| Income taxes | 67/77 | - | €500 | +€500 | |
| Profit (loss) for the period | 9904 | €4,874 | €6,359 | +€1,485 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,874 | €6,359 | +€1,485 | +30.5% |
Source: filed annual accounts (NBB), financial years ended 1 October 2024 and 1 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.