MOSELEC: 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.
MOSELEC
Largest movements
- Cash +€12,282
up €12,282 (+416%), from €2,954 to €15,236
mainly Trade debts (+€23,917) and Receivables within one year (+€10,748)
- Receivables within one year -€10,748
down €10,748 (-31.9%), from €33,641 to €22,893
of which Trade receivables: -€12,462
- Tangible fixed assets -€6,119
down €6,119 (-27.8%), from €21,984 to €15,864
- Intangible fixed assets -€623
down €623 (-50.9%), from €1,226 to €602
- Trade debts +€23,917
up €23,917 (+233%), from €10,249 to €34,166
- Reserves -€10,880
no longer reported in 2025 (was €10,880)
- Profit (loss) carried forward -€8,695
new in 2025: -€8,695
- Tax, wage and social debts -€7,231
down €7,231 (-68.0%), from €10,632 to €3,401
of which Taxes: -€9,531
- Debts after one year -€5,339
down €5,339 (-29.5%), from €18,077 to €12,738
- Gross operating margin -€21,364
down €21,364, from €11,659 to -€9,705
- Depreciation +€899
up €899 (+13.3%), from €6,743 to €7,642
- Other operating charges -€820
down €820 (-76.3%), from €1,075 to €255
- Taxes -€399
no longer reported in 2025 (was €399)
- Financial charges -€240
down €240 (-10.3%), from €2,330 to €2,089
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 | €59,858 | €54,649 | -€5,209 | -8.7% |
| Fixed assets | 21/28 | €23,263 | €16,521 | -€6,743 | -29.0% |
| Intangible fixed assets | 21 | €1,226 | €602 | -€623 | -50.9% |
| Tangible fixed assets | 22/27 | €21,984 | €15,864 | -€6,119 | -27.8% |
| Leasing and similar rights | 25 | €21,984 | €15,864 | -€6,119 | -27.8% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €36,595 | €38,129 | +€1,534 | +4.2% |
| Amounts receivable within one year | 40/41 | €33,641 | €22,893 | -€10,748 | -31.9% |
| Trade receivables | 40 | €32,324 | €19,862 | -€12,462 | -38.6% |
| Other amounts receivable | 41 | €1,317 | €3,031 | +€1,714 | +130% |
| Cash at bank and in hand | 54/58 | €2,954 | €15,236 | +€12,282 | +416% |
| Total equity and liabilities | 10/49 | €59,858 | €54,649 | -€5,209 | -8.7% |
| Equity | 10/15 | €15,880 | -€3,695 | -€19,575 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,880 | - | -€10,880 | |
| Distributable reserves | 133 | €10,880 | - | -€10,880 | |
| Profit (loss) carried forward | 14 | - | -€8,695 | -€8,695 | |
| Amounts payable | 17/49 | €43,978 | €58,344 | +€14,366 | +32.7% |
| Amounts payable after more than one year | 17 | €18,077 | €12,738 | -€5,339 | -29.5% |
| Financial debts | 170/4 | €18,077 | €12,738 | -€5,339 | -29.5% |
| Amounts payable within one year | 42/48 | €25,901 | €45,606 | +€19,705 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €5,020 | €5,339 | +€319 | +6.3% |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €10,249 | €34,166 | +€23,917 | +233% |
| Suppliers | 440/4 | €10,249 | €34,166 | +€23,917 | +233% |
| Taxes, remuneration and social security | 45 | €10,632 | €3,401 | -€7,231 | -68.0% |
| Taxes | 450/3 | €10,632 | €1,101 | -€9,531 | -89.6% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | - | €2,685 | +€2,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,743 | €7,642 | +€899 | +13.3% |
| Other operating charges | 640/8 | €1,075 | €255 | -€820 | -76.3% |
| Gross operating margin | 9900 | €11,659 | -€9,705 | -€21,364 | |
| Operating profit (loss) | 9901 | €3,842 | -€17,601 | -€21,443 | |
| Financial income | 75/76B | €142 | €115 | -€27 | -18.8% |
| Recurring financial income | 75 | €142 | €115 | -€27 | -18.8% |
| Financial charges | 65/66B | €2,330 | €2,089 | -€240 | -10.3% |
| Recurring financial charges | 65 | €2,330 | €2,089 | -€240 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €1,654 | -€19,575 | -€21,229 | |
| Income taxes | 67/77 | €399 | - | -€399 | |
| Profit (loss) for the period | 9904 | €1,255 | -€19,575 | -€20,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,255 | -€19,575 | -€20,830 |
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 14 October 2026 via checked.be.