Mouchart: 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.
Mouchart
Largest movements
- Receivables after one year -€19,207
down €19,207 (-38.4%), from €50,000 to €30,793
- Cash -€9,684
down €9,684 (-19.0%), from €51,009 to €41,325
mainly Contributions, distributions and other (-€35,465) and Investment in fixed assets (net) (-€22,741)
- Receivables within one year +€6,465
up €6,465 (+14.8%), from €43,544 to €50,009
of which Trade receivables: +€11,017
- Tangible fixed assets +€5,463
up €5,463 (+10.0%), from €54,498 to €59,961
of which Furniture and vehicles: +€6,625
- Reserves -€35,465
down €35,465 (-26.1%), from €135,845 to €100,380
of which Distributable reserves: -€35,465
- Tax, wage and social debts +€7,415
up €7,415 (+157%), from €4,737 to €12,152
of which Taxes: +€7,415
- Profit (loss) carried forward +€4,625
up €4,625 (+62.4%), from €7,414 to €12,039
- Current portion of long-term debt +€4,204
up €4,204 (+48.9%), from €8,604 to €12,808
- Other debts +€3,439
new in 2025: €3,439
- Taxes -€9,771
down €9,771, from €4,164 to -€5,607
- Depreciation +€6,144
up €6,144 (+55.2%), from €11,134 to €17,278
- Financial charges +€1,212
up €1,212 (+116%), from €1,046 to €2,258
- Gross operating margin -€793
down €793 (-3.7%), from €21,219 to €20,426
- Other operating charges +€352
up €352 (+22.5%), from €1,567 to €1,919
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 | €206,969 | €190,238 | -€16,731 | -8.1% |
| Fixed assets | 21/28 | €57,023 | €62,486 | +€5,463 | +9.6% |
| Tangible fixed assets | 22/27 | €54,498 | €59,961 | +€5,463 | +10.0% |
| Plant, machinery and equipment | 23 | €2,277 | €1,115 | -€1,162 | -51.0% |
| Furniture and vehicles | 24 | €52,221 | €58,846 | +€6,625 | +12.7% |
| Financial fixed assets | 28 | €2,525 | €2,525 | = | 0.0% |
| Current assets | 29/58 | €149,946 | €127,752 | -€22,194 | -14.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €30,793 | -€19,207 | -38.4% |
| Other amounts receivable | 291 | €50,000 | €30,793 | -€19,207 | -38.4% |
| Amounts receivable within one year | 40/41 | €43,544 | €50,009 | +€6,465 | +14.8% |
| Trade receivables | 40 | €35,209 | €46,226 | +€11,017 | +31.3% |
| Other amounts receivable | 41 | €8,335 | €3,783 | -€4,552 | -54.6% |
| Cash at bank and in hand | 54/58 | €51,009 | €41,325 | -€9,684 | -19.0% |
| Deferred charges and accrued income | 490/1 | €5,393 | €5,625 | +€232 | +4.3% |
| Total equity and liabilities | 10/49 | €206,969 | €190,238 | -€16,731 | -8.1% |
| Equity | 10/15 | €163,259 | €132,419 | -€30,840 | -18.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €135,845 | €100,380 | -€35,465 | -26.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €133,845 | €98,380 | -€35,465 | -26.5% |
| Profit (loss) carried forward | 14 | €7,414 | €12,039 | +€4,625 | +62.4% |
| Amounts payable | 17/49 | €43,710 | €57,819 | +€14,109 | +32.3% |
| Amounts payable after more than one year | 17 | €16,113 | €17,878 | +€1,765 | +11.0% |
| Financial debts | 170/4 | €16,113 | €17,878 | +€1,765 | +11.0% |
| Amounts payable within one year | 42/48 | €27,597 | €39,941 | +€12,344 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €8,604 | €12,808 | +€4,204 | +48.9% |
| Financial debts | 43 | €35 | €240 | +€205 | +586% |
| Credit institutions | 430/8 | €35 | €240 | +€205 | +586% |
| Trade debts | 44 | €14,221 | €11,302 | -€2,919 | -20.5% |
| Suppliers | 440/4 | €14,221 | €11,302 | -€2,919 | -20.5% |
| Taxes, remuneration and social security | 45 | €4,737 | €12,152 | +€7,415 | +157% |
| Taxes | 450/3 | €4,237 | €11,652 | +€7,415 | +175% |
| Remuneration and social security | 454/9 | €500 | €500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €3,439 | +€3,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,134 | €17,278 | +€6,144 | +55.2% |
| Other operating charges | 640/8 | €1,567 | €1,919 | +€352 | +22.5% |
| Gross operating margin | 9900 | €21,219 | €20,426 | -€793 | -3.7% |
| Operating profit (loss) | 9901 | €8,518 | €1,229 | -€7,289 | -85.6% |
| Financial income | 75/76B | €171 | €47 | -€124 | -72.5% |
| Recurring financial income | 75 | €171 | €47 | -€124 | -72.5% |
| Financial charges | 65/66B | €1,046 | €2,258 | +€1,212 | +116% |
| Recurring financial charges | 65 | €1,046 | €2,258 | +€1,212 | +116% |
| Profit (loss) for the period before taxes | 9903 | €7,643 | -€982 | -€8,625 | |
| Income taxes | 67/77 | €4,164 | -€5,607 | -€9,771 | |
| Profit (loss) for the period | 9904 | €3,479 | €4,625 | +€1,146 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,479 | €4,625 | +€1,146 | +32.9% |
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 13 October 2026 via checked.be.