MOUSSAD: 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.
MOUSSAD
Largest movements
- Receivables within one year +€98,113
up €98,113 (+61.0%), from €160,954 to €259,067
of which Trade receivables: +€88,526
- Cash -€45,700
down €45,700 (-56.5%), from €80,899 to €35,199
mainly Receivables within one year (-€98,113) and Debts after one year (-€52,476)
- Stocks and contracts -€27,135
down €27,135 (-41.2%), from €65,893 to €38,758
- Tangible fixed assets -€6,267
down €6,267 (-3.2%), from €193,834 to €187,567
of which Plant, machinery and equipment: -€20,412
- Debts after one year -€52,476
down €52,476 (-31.9%), from €164,481 to €112,005
- Reserves +€35,000
up €35,000 (+23.8%), from €146,860 to €181,860
of which Distributable reserves: +€35,000
- Tax, wage and social debts +€23,891
up €23,891 (+49.8%), from €48,012 to €71,903
- Trade debts +€11,505
up €11,505 (+21.3%), from €53,976 to €65,481
- Staff costs -€48,156
down €48,156 (-52.4%), from €91,919 to €43,763
- Gross operating margin -€30,226
down €30,226 (-15.2%), from €198,439 to €168,213
- Other operating charges +€11,691
up €11,691 (+58.5%), from €19,999 to €31,690
- Financial charges +€8,030
up €8,030 (+224.8%), from €3,572 to €11,602
- Financial income -€4,573
down €4,573 (-38.4%), from €11,918 to €7,345
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €501,580 | €520,591 | +€19,011 | +3.8% |
| Fixed assets | 21/28 | €193,834 | €187,567 | -€6,267 | -3.2% |
| Tangible fixed assets | 22/27 | €193,834 | €187,567 | -€6,267 | -3.2% |
| Plant, machinery and equipment | 23 | €142,808 | €122,396 | -€20,412 | -14.3% |
| Furniture and vehicles | 24 | €15,225 | €34,433 | +€19,208 | +126.2% |
| Other tangible fixed assets | 26 | €35,801 | €30,739 | -€5,062 | -14.1% |
| Current assets | 29/58 | €307,746 | €333,024 | +€25,278 | +8.2% |
| Stocks and contracts in progress | 3 | €65,893 | €38,758 | -€27,135 | -41.2% |
| Stocks | 30/36 | €65,893 | €38,758 | -€27,135 | -41.2% |
| Amounts receivable within one year | 40/41 | €160,954 | €259,067 | +€98,113 | +61.0% |
| Trade receivables | 40 | €114,971 | €203,497 | +€88,526 | +77.0% |
| Other amounts receivable | 41 | €45,983 | €55,570 | +€9,587 | +20.8% |
| Cash at bank and in hand | 54/58 | €80,899 | €35,199 | -€45,700 | -56.5% |
| Total equity and liabilities | 10/49 | €501,580 | €520,591 | +€19,011 | +3.8% |
| Equity | 10/15 | €183,452 | €218,726 | +€35,274 | +19.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €146,860 | €181,860 | +€35,000 | +23.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €145,000 | €180,000 | +€35,000 | +24.1% |
| Profit (loss) carried forward | 14 | €24,192 | €24,466 | +€274 | +1.1% |
| Amounts payable | 17/49 | €318,128 | €301,864 | -€16,264 | -5.1% |
| Amounts payable after more than one year | 17 | €164,481 | €112,005 | -€52,476 | -31.9% |
| Financial debts | 170/4 | €164,481 | €112,005 | -€52,476 | -31.9% |
| Amounts payable within one year | 42/48 | €153,647 | €189,859 | +€36,212 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €51,659 | €52,476 | +€817 | +1.6% |
| Trade debts | 44 | €53,976 | €65,481 | +€11,505 | +21.3% |
| Suppliers | 440/4 | €53,976 | €65,481 | +€11,505 | +21.3% |
| Taxes, remuneration and social security | 45 | €48,012 | €71,903 | +€23,891 | +49.8% |
| Taxes | 450/3 | €48,012 | €71,903 | +€23,891 | +49.8% |
| Remuneration, social security and pensions | 62 | €91,919 | €43,763 | -€48,156 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,041 | €29,560 | +€3,519 | +13.5% |
| Other operating charges | 640/8 | €19,999 | €31,690 | +€11,691 | +58.5% |
| Gross operating margin | 9900 | €198,439 | €168,213 | -€30,226 | -15.2% |
| Operating profit (loss) | 9901 | €60,480 | €63,199 | +€2,719 | +4.5% |
| Financial income | 75/76B | €11,918 | €7,345 | -€4,573 | -38.4% |
| Recurring financial income | 75 | €11,918 | €7,345 | -€4,573 | -38.4% |
| Financial charges | 65/66B | €3,572 | €11,602 | +€8,030 | +224.8% |
| Recurring financial charges | 65 | €3,572 | €11,602 | +€8,030 | +224.8% |
| Profit (loss) for the period before taxes | 9903 | €68,826 | €58,942 | -€9,884 | -14.4% |
| Income taxes | 67/77 | €25,395 | €23,668 | -€1,727 | -6.8% |
| Profit (loss) for the period | 9904 | €43,431 | €35,274 | -€8,157 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,431 | €35,274 | -€8,157 | -18.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.