MoToC: 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.
MoToC
Largest movements
- Intangible fixed assets -€16,299
down €16,299 (-31.2%), from €52,223 to €35,923
- Other debts +€25,500
up €25,500 (+24.0%), from €106,100 to €131,600
- Current portion of long-term debt -€23,178
no longer reported in 2025 (was €23,178)
- Profit (loss) carried forward -€18,554
down €18,554 (-22.3%), from -€83,348 to -€101,902
- Depreciation -€8,624
down €8,624 (-34.6%), from €24,923 to €16,299
- Gross operating margin +€1,654
up €1,654 (+60.2%), from -€2,747 to -€1,092
- Other operating charges +€406
up €406 (+80.4%), from €505 to €912
- Financial charges -€393
down €393 (-61.0%), from €643 to €251
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 | €113,408 | €97,734 | -€15,674 | -13.8% |
| Fixed assets | 21/28 | €52,223 | €35,923 | -€16,299 | -31.2% |
| Intangible fixed assets | 21 | €52,223 | €35,923 | -€16,299 | -31.2% |
| Current assets | 29/58 | €61,186 | €61,811 | +€625 | +1.0% |
| Stocks and contracts in progress | 3 | €48,430 | €48,430 | = | 0.0% |
| Stocks | 30/36 | €48,430 | €48,430 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,514 | €12,049 | -€465 | -3.7% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 41 | €514 | €49 | -€465 | -90.4% |
| Cash at bank and in hand | 54/58 | €241 | €1,332 | +€1,090 | +451.9% |
| Total equity and liabilities | 10/49 | €113,408 | €97,734 | -€15,674 | -13.8% |
| Equity | 10/15 | -€58,348 | -€76,902 | -€18,554 | -31.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,348 | -€101,902 | -€18,554 | -22.3% |
| Amounts payable | 17/49 | €171,757 | €174,636 | +€2,880 | +1.7% |
| Amounts payable after more than one year | 17 | €42,479 | €42,479 | = | 0.0% |
| Financial debts | 170/4 | €42,479 | €42,479 | = | 0.0% |
| Amounts payable within one year | 42/48 | €129,278 | €132,158 | +€2,880 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €23,178 | - | -€23,178 | |
| Trade debts | 44 | - | €558 | +€558 | |
| Suppliers | 440/4 | - | €558 | +€558 | |
| Other amounts payable | 47/48 | €106,100 | €131,600 | +€25,500 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,923 | €16,299 | -€8,624 | -34.6% |
| Other operating charges | 640/8 | €505 | €912 | +€406 | +80.4% |
| Gross operating margin | 9900 | -€2,747 | -€1,092 | +€1,654 | +60.2% |
| Operating profit (loss) | 9901 | -€28,175 | -€18,303 | +€9,872 | +35.0% |
| Financial charges | 65/66B | €643 | €251 | -€393 | -61.0% |
| Recurring financial charges | 65 | €643 | €251 | -€393 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,818 | -€18,554 | +€10,264 | +35.6% |
| Profit (loss) for the period | 9904 | -€28,818 | -€18,554 | +€10,264 | +35.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,818 | -€18,554 | +€10,264 | +35.6% |
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 4 October 2026 via checked.be.