MOSPV: 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.
MOSPV
Largest movements
- Tangible fixed assets -€185,201
down €185,201 (-5.6%), from €3.3m to €3.1m
of which Land and buildings: -€131,565
- Debts after one year -€133,966
down €133,966 (-5.1%), from €2.6m to €2.5m
- Other debts -€106,380
down €106,380 (-18.8%), from €566,380 to €460,000
- Gross operating margin +€68,271
up €68,271 (+26.6%), from €256,294 to €324,565
- Depreciation +€42,262
up €42,262 (+22.9%), from €184,854 to €227,117
- Financial charges +€22,670
up €22,670 (+42.7%), from €53,100 to €75,770
- Other operating charges +€3,585
up €3,585 (+29.3%), from €12,245 to €15,830
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 | €3,425,950 | €3,194,395 | -€231,555 | -6.8% |
| Fixed assets | 21/28 | €3,287,679 | €3,102,478 | -€185,201 | -5.6% |
| Tangible fixed assets | 22/27 | €3,287,679 | €3,102,478 | -€185,201 | -5.6% |
| Land and buildings | 22 | €2,623,341 | €2,491,775 | -€131,565 | -5.0% |
| Plant, machinery and equipment | 23 | €664,338 | €610,702 | -€53,636 | -8.1% |
| Current assets | 29/58 | €138,272 | €91,917 | -€46,354 | -33.5% |
| Amounts receivable within one year | 40/41 | €34,767 | €1,620 | -€33,147 | -95.3% |
| Trade receivables | 40 | €14,616 | €0 | -€14,616 | -100.0% |
| Other amounts receivable | 41 | €20,151 | €1,620 | -€18,531 | -92.0% |
| Cash at bank and in hand | 54/58 | €102,327 | €87,948 | -€14,379 | -14.1% |
| Deferred charges and accrued income | 490/1 | €1,178 | €2,349 | +€1,171 | +99.4% |
| Total equity and liabilities | 10/49 | €3,425,950 | €3,194,395 | -€231,555 | -6.8% |
| Equity | 10/15 | €100,126 | €105,974 | +€5,848 | +5.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €50,126 | €55,974 | +€5,848 | +11.7% |
| Distributable reserves | 133 | €50,126 | €55,974 | +€5,848 | +11.7% |
| Amounts payable | 17/49 | €3,325,824 | €3,088,421 | -€237,403 | -7.1% |
| Amounts payable after more than one year | 17 | €2,625,484 | €2,491,518 | -€133,966 | -5.1% |
| Financial debts | 170/4 | €2,625,484 | €2,491,518 | -€133,966 | -5.1% |
| Amounts payable within one year | 42/48 | €698,697 | €595,260 | -€103,437 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €130,491 | €133,966 | +€3,475 | +2.7% |
| Trade debts | 44 | €1,827 | €1,246 | -€581 | -31.8% |
| Suppliers | 440/4 | €1,827 | €1,246 | -€581 | -31.8% |
| Taxes, remuneration and social security | 45 | - | €48 | +€48 | |
| Taxes | 450/3 | - | €48 | +€48 | |
| Other amounts payable | 47/48 | €566,380 | €460,000 | -€106,380 | -18.8% |
| Accrued charges and deferred income | 492/3 | €1,643 | €1,643 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,854 | €227,117 | +€42,262 | +22.9% |
| Other operating charges | 640/8 | €12,245 | €15,830 | +€3,585 | +29.3% |
| Gross operating margin | 9900 | €256,294 | €324,565 | +€68,271 | +26.6% |
| Operating profit (loss) | 9901 | €59,195 | €81,618 | +€22,423 | +37.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €53,100 | €75,770 | +€22,670 | +42.7% |
| Recurring financial charges | 65 | €53,100 | €75,770 | +€22,670 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €6,095 | €5,848 | -€247 | -4.1% |
| Profit (loss) for the period | 9904 | €6,095 | €5,848 | -€247 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,095 | €5,848 | -€247 | -4.1% |
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 11 October 2026 via checked.be.