MOUSSALEK: 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.
MOUSSALEK
Largest movements
- Cash +€9,188
up €9,188 (+29.6%), from €31,019 to €40,207
mainly Receivables within one year (+€7,603) and Depreciation (+€3,444)
- Receivables within one year -€7,603
down €7,603 (-12.2%), from €62,228 to €54,625
of which Trade receivables: -€5,312
- Tangible fixed assets -€3,444
down €3,444 (-23.2%), from €14,863 to €11,419
of which Furniture and vehicles: -€3,202
- Current portion of long-term debt -€3,706
down €3,706 (-69.9%), from €5,299 to €1,592
- Profit (loss) carried forward +€3,179
up €3,179 (+5.9%), from €53,900 to €57,079
- Debts after one year -€2,405
down €2,405 (-8.8%), from €27,421 to €25,016
- Gross operating margin -€3,939
down €3,939 (-23.6%), from €16,719 to €12,779
- Other operating charges -€1,828
down €1,828 (-71.9%), from €2,543 to €715
- Financial charges +€1,488
up €1,488 (+54.4%), from €2,732 to €4,220
- Depreciation +€1,284
up €1,284 (+59.4%), from €2,160 to €3,444
- Taxes -€1,042
down €1,042 (-46.0%), from €2,263 to €1,221
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 | €108,110 | €106,318 | -€1,792 | -1.7% |
| Fixed assets | 21/28 | €14,863 | €11,419 | -€3,444 | -23.2% |
| Tangible fixed assets | 22/27 | €14,863 | €11,419 | -€3,444 | -23.2% |
| Plant, machinery and equipment | 23 | €771 | €529 | -€242 | -31.4% |
| Furniture and vehicles | 24 | €14,093 | €10,890 | -€3,202 | -22.7% |
| Current assets | 29/58 | €93,247 | €94,898 | +€1,652 | +1.8% |
| Amounts receivable within one year | 40/41 | €62,228 | €54,625 | -€7,603 | -12.2% |
| Trade receivables | 40 | €35,363 | €30,051 | -€5,312 | -15.0% |
| Other amounts receivable | 41 | €26,865 | €24,574 | -€2,290 | -8.5% |
| Cash at bank and in hand | 54/58 | €31,019 | €40,207 | +€9,188 | +29.6% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €108,110 | €106,318 | -€1,792 | -1.7% |
| Equity | 10/15 | €61,960 | €65,139 | +€3,179 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 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 | €53,900 | €57,079 | +€3,179 | +5.9% |
| Amounts payable | 17/49 | €46,150 | €41,179 | -€4,971 | -10.8% |
| Amounts payable after more than one year | 17 | €27,421 | €25,016 | -€2,405 | -8.8% |
| Financial debts | 170/4 | €27,421 | €25,016 | -€2,405 | -8.8% |
| Amounts payable within one year | 42/48 | €18,729 | €16,163 | -€2,567 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €5,299 | €1,592 | -€3,706 | -69.9% |
| Financial debts | 43 | €2,821 | €3,317 | +€495 | +17.6% |
| Credit institutions | 430/8 | €2,821 | €3,317 | +€495 | +17.6% |
| Trade debts | 44 | €7,434 | €7,769 | +€335 | +4.5% |
| Suppliers | 440/4 | €7,434 | €7,769 | +€335 | +4.5% |
| Taxes, remuneration and social security | 45 | €3,175 | €3,485 | +€309 | +9.7% |
| Taxes | 450/3 | €3,175 | €3,485 | +€309 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,160 | €3,444 | +€1,284 | +59.4% |
| Other operating charges | 640/8 | €2,543 | €715 | -€1,828 | -71.9% |
| Gross operating margin | 9900 | €16,719 | €12,779 | -€3,939 | -23.6% |
| Operating profit (loss) | 9901 | €12,015 | €8,620 | -€3,396 | -28.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,732 | €4,220 | +€1,488 | +54.4% |
| Recurring financial charges | 65 | €2,732 | €4,220 | +€1,488 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €9,283 | €4,400 | -€4,883 | -52.6% |
| Income taxes | 67/77 | €2,263 | €1,221 | -€1,042 | -46.0% |
| Profit (loss) for the period | 9904 | €7,020 | €3,179 | -€3,841 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,020 | €3,179 | -€3,841 | -54.7% |
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 23 October 2026 via checked.be.