MOUSELAND: 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.
What changed
MOUSELAND
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,626
2024 · -€14,490-€2,137
Equity
€78,654
2024 · €95,280-€16,626
Cash
€30,666
2024 · €37,003-€6,338
Balance sheet total
€852,396
2024 · €873,219-€20,823
Largest movements
Assets
- Tangible fixed assets -€13,097
down €13,097 (-1.6%), from €821,692 to €808,596
of which Land and buildings: -€21,553
Equity and liabilities
- Reserves -€18,129
down €18,129 (-5.8%), from €314,703 to €296,574
of which Tax-exempt reserves: -€18,129
- Debts after one year -€17,770
down €17,770 (-3.5%), from €512,037 to €494,267
of which Financial debts: -€18,240
- Other debts +€15,074
up €15,074 (+26.2%), from €57,605 to €72,679
- Current portion of long-term debt +€11,083
up €11,083 (+21.2%), from €52,268 to €63,351
- Provisions -€9,064
down €9,064 (-6.4%), from €142,286 to €133,221
Income statement
- Gross operating margin +€4,222
up €4,222 (+5.4%), from €77,747 to €81,970
- Financial charges -€1,780
down €1,780 (-10.4%), from €17,073 to €15,293
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.
Result 2024
-€14,490
Gross operating margin
+€4,222
Depreciation
-€133
Other operating charges
-€363
Other operating items
-€6,919
Financial income
-€199
Financial charges
+€1,780
Taxes
-€525
Result 2025
-€16,626
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.
From operations
+€59,846
Investment
-€59,496
Financing
-€6,687
Cash 2024
€37,003
From operations (derived)
+€59,846
Net result for the year
-€16,626
Depreciation
+€72,593
Receivables within one year
+€1,553
Smaller working-capital items
-€125
Provisions
-€9,064
Trade debts
-€3,073
Other debts
+€15,074
Accrued charges and deferred income
-€486
Investment (derived)
-€59,496
Investment in fixed assets (net)
-€59,496
Financing
-€6,687
Debts after one year
-€17,770
Current portion of long-term debt
+€11,083
Cash 2025
€30,666
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €873,219 | €852,396 | -€20,823 | -2.4% |
| Fixed assets | 21/28 | €821,692 | €808,596 | -€13,097 | -1.6% |
| Tangible fixed assets | 22/27 | €821,692 | €808,596 | -€13,097 | -1.6% |
| Land and buildings | 22 | €630,110 | €608,557 | -€21,553 | -3.4% |
| Plant, machinery and equipment | 23 | €136,956 | €120,695 | -€16,261 | -11.9% |
| Furniture and vehicles | 24 | €54,626 | €77,736 | +€23,110 | +42.3% |
| Other tangible fixed assets | 26 | - | €1,607 | +€1,607 | |
| Current assets | 29/58 | €51,526 | €43,800 | -€7,726 | -15.0% |
| Amounts receivable within one year | 40/41 | €9,243 | €7,690 | -€1,553 | -16.8% |
| Trade receivables | 40 | €9,243 | €7,690 | -€1,553 | -16.8% |
| Cash at bank and in hand | 54/58 | €37,003 | €30,666 | -€6,338 | -17.1% |
| Deferred charges and accrued income | 490/1 | €5,280 | €5,444 | +€165 | +3.1% |
| Total equity and liabilities | 10/49 | €873,219 | €852,396 | -€20,823 | -2.4% |
| Equity | 10/15 | €95,280 | €78,654 | -€16,626 | -17.4% |
| Contributions | 10/11 | €71,098 | €71,098 | = | 0.0% |
| Capital | 10 | €71,098 | €71,098 | = | 0.0% |
| Issued capital | 100 | €71,098 | €71,098 | = | 0.0% |
| Reserves | 13 | €314,703 | €296,574 | -€18,129 | -5.8% |
| Non-distributable reserves | 130/1 | €14,393 | €14,393 | = | 0.0% |
| Legal reserve | 130 | €14,380 | €14,380 | = | 0.0% |
| Other | 1319 | €13 | €13 | = | 0.0% |
| Tax-exempt reserves | 132 | €271,071 | €252,942 | -€18,129 | -6.7% |
| Distributable reserves | 133 | €29,238 | €29,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,522 | -€289,019 | +€1,503 | +0.5% |
| Provisions and deferred taxes | 16 | €142,286 | €133,221 | -€9,064 | -6.4% |
| Deferred taxes | 168 | €142,286 | €133,221 | -€9,064 | -6.4% |
| Amounts payable | 17/49 | €635,653 | €640,521 | +€4,867 | +0.8% |
| Amounts payable after more than one year | 17 | €512,037 | €494,267 | -€17,770 | -3.5% |
| Financial debts | 170/4 | €502,677 | €484,437 | -€18,240 | -3.6% |
| Other amounts payable | 178/9 | €9,360 | €9,830 | +€470 | +5.0% |
| Amounts payable within one year | 42/48 | €120,780 | €143,904 | +€23,123 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €52,268 | €63,351 | +€11,083 | +21.2% |
| Trade debts | 44 | €8,804 | €5,731 | -€3,073 | -34.9% |
| Suppliers | 440/4 | €8,804 | €5,731 | -€3,073 | -34.9% |
| Taxes, remuneration and social security | 45 | €2,103 | €2,142 | +€40 | +1.9% |
| Taxes | 450/3 | €2,103 | €2,142 | +€40 | +1.9% |
| Other amounts payable | 47/48 | €57,605 | €72,679 | +€15,074 | +26.2% |
| Accrued charges and deferred income | 492/3 | €2,836 | €2,350 | -€486 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,460 | €72,593 | +€133 | +0.2% |
| Other operating charges | 640/8 | €11,879 | €12,243 | +€363 | +3.1% |
| Non-recurring operating charges | 66A | - | €6,919 | +€6,919 | |
| Gross operating margin | 9900 | €77,747 | €81,970 | +€4,222 | +5.4% |
| Operating profit (loss) | 9901 | -€6,592 | -€9,785 | -€3,193 | -48.4% |
| Financial income | 75/76B | €331 | €133 | -€199 | -60.0% |
| Recurring financial income | 75 | €331 | €133 | -€199 | -60.0% |
| Financial charges | 65/66B | €17,073 | €15,293 | -€1,780 | -10.4% |
| Recurring financial charges | 65 | €17,073 | €15,293 | -€1,780 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€23,334 | -€24,946 | -€1,612 | -6.9% |
| Transfer from deferred taxes | 780 | €9,064 | €9,064 | = | 0.0% |
| Income taxes | 67/77 | €220 | €745 | +€525 | +237.9% |
| Profit (loss) for the period | 9904 | -€14,490 | -€16,626 | -€2,137 | -14.7% |
| Transfer from tax-exempt reserves | 789 | €18,129 | €18,129 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,639 | €1,503 | -€2,137 | -58.7% |
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.