MOUB: 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.
MOUB
Largest movements
- Cash +€19,420
up €19,420 (+23.4%), from €83,041 to €102,461
mainly Net result for the year (+€39,055) and Depreciation (+€5,849)
- Receivables within one year -€4,565
down €4,565 (-16.6%), from €27,496 to €22,932
of which Trade receivables: -€7,038
- Tangible fixed assets +€2,003
up €2,003 (+7.3%), from €27,297 to €29,300
of which Furniture and vehicles: +€6,281
- Profit (loss) carried forward +€39,055
up €39,055 (+53.2%), from €73,408 to €112,463
- Trade debts -€11,015
down €11,015 (-42.7%), from €25,778 to €14,763
- Other debts -€10,114
down €10,114 (-64.6%), from €15,644 to €5,530
- Staff costs +€7,763
up €7,763 (+196.0%), from €3,960 to €11,723
- Other operating charges +€5,324
up €5,324 (+153.2%), from €3,474 to €8,797
- Gross operating margin +€4,894
up €4,894 (+8.1%), from €60,558 to €65,452
- Depreciation +€1,175
up €1,175 (+25.1%), from €4,674 to €5,849
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 | €145,184 | €162,042 | +€16,858 | +11.6% |
| Fixed assets | 21/28 | €34,647 | €36,650 | +€2,003 | +5.8% |
| Tangible fixed assets | 22/27 | €27,297 | €29,300 | +€2,003 | +7.3% |
| Plant, machinery and equipment | 23 | €6,871 | €4,699 | -€2,172 | -31.6% |
| Furniture and vehicles | 24 | - | €6,281 | +€6,281 | |
| Other tangible fixed assets | 26 | €20,426 | €18,320 | -€2,106 | -10.3% |
| Financial fixed assets | 28 | €7,350 | €7,350 | = | 0.0% |
| Current assets | 29/58 | €110,537 | €125,392 | +€14,855 | +13.4% |
| Amounts receivable within one year | 40/41 | €27,496 | €22,932 | -€4,565 | -16.6% |
| Trade receivables | 40 | €18,362 | €11,324 | -€7,038 | -38.3% |
| Other amounts receivable | 41 | €9,134 | €11,608 | +€2,474 | +27.1% |
| Cash at bank and in hand | 54/58 | €83,041 | €102,461 | +€19,420 | +23.4% |
| Total equity and liabilities | 10/49 | €145,184 | €162,042 | +€16,858 | +11.6% |
| Equity | 10/15 | €84,963 | €124,018 | +€39,055 | +46.0% |
| Contributions | 10/11 | €10,800 | €10,800 | = | 0.0% |
| Reserves | 13 | €755 | €755 | = | 0.0% |
| Non-distributable reserves | 130/1 | €755 | €755 | = | 0.0% |
| Reserves not available under the articles | 1311 | €755 | €755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,408 | €112,463 | +€39,055 | +53.2% |
| Amounts payable | 17/49 | €60,221 | €38,024 | -€22,197 | -36.9% |
| Amounts payable within one year | 42/48 | €60,221 | €38,024 | -€22,197 | -36.9% |
| Trade debts | 44 | €25,778 | €14,763 | -€11,015 | -42.7% |
| Suppliers | 440/4 | €25,778 | €14,763 | -€11,015 | -42.7% |
| Advances received on contracts in progress | 46 | €17,731 | €17,731 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,068 | - | -€1,068 | |
| Taxes | 450/3 | €1,045 | - | -€1,045 | |
| Remuneration and social security | 454/9 | €23 | - | -€23 | |
| Other amounts payable | 47/48 | €15,644 | €5,530 | -€10,114 | -64.6% |
| Remuneration, social security and pensions | 62 | €3,960 | €11,723 | +€7,763 | +196.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,674 | €5,849 | +€1,175 | +25.1% |
| Other operating charges | 640/8 | €3,474 | €8,797 | +€5,324 | +153.2% |
| Gross operating margin | 9900 | €60,558 | €65,452 | +€4,894 | +8.1% |
| Operating profit (loss) | 9901 | €48,451 | €39,084 | -€9,367 | -19.3% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €45 | €47 | +€2 | +4.0% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €48,406 | €39,055 | -€9,351 | -19.3% |
| Income taxes | 67/77 | €8 | - | -€8 | |
| Profit (loss) for the period | 9904 | €48,398 | €39,055 | -€9,343 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,398 | €39,055 | -€9,343 | -19.3% |
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 30 September 2026 via checked.be.