MOUDICO: 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.
MOUDICO
Largest movements
- Cash -€51,803
down €51,803 (-26.8%), from €193,600 to €141,798
mainly Contributions, distributions and other (-€118,000) and Tax, wage and social debts (-€34,336)
- Receivables within one year +€14,367
up €14,367 (+120.9%), from €11,881 to €26,248
of which Trade receivables: +€8,366
- Tangible fixed assets -€7,240
down €7,240 (-61.6%), from €11,758 to €4,518
of which Plant, machinery and equipment: -€4,518
- Profit (loss) carried forward -€39,957
down €39,957 (-74.2%), from €53,864 to €13,907
- Tax, wage and social debts -€34,336
down €34,336 (-59.4%), from €57,798 to €23,462
of which Taxes: -€26,600
- Other debts +€30,505
up €30,505 (+43.4%), from €70,256 to €100,760
- Staff costs -€39,316
down €39,316, from €35,745 to -€3,570
- Taxes -€18,723
down €18,723 (-43.8%), from €42,722 to €23,999
- Gross operating margin -€9,349
down €9,349 (-8.0%), from €117,002 to €107,653
- Depreciation +€2,721
up €2,721 (+60.2%), from €4,518 to €7,240
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 | €218,181 | €174,182 | -€43,999 | -20.2% |
| Fixed assets | 21/28 | €12,151 | €4,911 | -€7,240 | -59.6% |
| Tangible fixed assets | 22/27 | €11,758 | €4,518 | -€7,240 | -61.6% |
| Plant, machinery and equipment | 23 | €9,037 | €4,518 | -€4,518 | -50.0% |
| Furniture and vehicles | 24 | €2,721 | - | -€2,721 | |
| Financial fixed assets | 28 | €393 | €393 | = | 0.0% |
| Current assets | 29/58 | €206,030 | €169,271 | -€36,759 | -17.8% |
| Amounts receivable within one year | 40/41 | €11,881 | €26,248 | +€14,367 | +120.9% |
| Trade receivables | 40 | €11,881 | €20,247 | +€8,366 | +70.4% |
| Other amounts receivable | 41 | - | €6,001 | +€6,001 | |
| Cash at bank and in hand | 54/58 | €193,600 | €141,798 | -€51,803 | -26.8% |
| Deferred charges and accrued income | 490/1 | €549 | €1,225 | +€676 | +123.2% |
| Total equity and liabilities | 10/49 | €218,181 | €174,182 | -€43,999 | -20.2% |
| Equity | 10/15 | €74,324 | €34,367 | -€39,957 | -53.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,864 | €13,907 | -€39,957 | -74.2% |
| Amounts payable | 17/49 | €143,857 | €139,815 | -€4,042 | -2.8% |
| Amounts payable within one year | 42/48 | €142,209 | €138,423 | -€3,786 | -2.7% |
| Trade debts | 44 | €14,156 | €14,201 | +€45 | +0.3% |
| Suppliers | 440/4 | €14,156 | €14,201 | +€45 | +0.3% |
| Taxes, remuneration and social security | 45 | €57,798 | €23,462 | -€34,336 | -59.4% |
| Taxes | 450/3 | €44,600 | €18,000 | -€26,600 | -59.6% |
| Remuneration and social security | 454/9 | €13,198 | €5,462 | -€7,736 | -58.6% |
| Other amounts payable | 47/48 | €70,256 | €100,760 | +€30,505 | +43.4% |
| Accrued charges and deferred income | 492/3 | €1,648 | €1,392 | -€256 | -15.5% |
| Remuneration, social security and pensions | 62 | €35,745 | -€3,570 | -€39,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,518 | €7,240 | +€2,721 | +60.2% |
| Other operating charges | 640/8 | €1,658 | €1,898 | +€241 | +14.5% |
| Gross operating margin | 9900 | €117,002 | €107,653 | -€9,349 | -8.0% |
| Operating profit (loss) | 9901 | €75,080 | €102,085 | +€27,004 | +36.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | +9900.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +9900.0% |
| Financial charges | 65/66B | €103 | €45 | -€58 | -56.0% |
| Recurring financial charges | 65 | €103 | €45 | -€58 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €74,978 | €102,042 | +€27,064 | +36.1% |
| Income taxes | 67/77 | €42,722 | €23,999 | -€18,723 | -43.8% |
| Profit (loss) for the period | 9904 | €32,256 | €78,043 | +€45,787 | +142.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,256 | €78,043 | +€45,787 | +142.0% |
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 9 October 2026 via checked.be.