MOUSSEM VZW: 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.
MOUSSEM VZW
Largest movements
- Receivables within one year -€47,198
down €47,198 (-28.0%), from €168,496 to €121,299
of which Trade receivables: -€38,843
- Cash +€43,165
up €43,165 (+7.2%), from €600,217 to €643,382
mainly Net result for the year (+€223,862) and Receivables within one year (+€47,198)
- Tangible fixed assets +€36,160
up €36,160 (+8.0%), from €451,318 to €487,478
of which Land and buildings: +€38,528
- Reserves +€423,862
up €423,862 (+545%), from €77,839 to €501,700
- Profit (loss) carried forward -€200,000
down €200,000 (-59.5%), from €335,856 to €135,856
- Provisions -€169,788
no longer reported in 2025 (was €169,788)
- Accrued charges and deferred income -€52,988
down €52,988 (-98.9%), from €53,586 to €598
- Trade debts +€44,549
new in 2025: €44,549
- Gross operating margin -€74,089
down €74,089 (-11.3%), from €652,886 to €578,797
- Staff costs +€20,810
up €20,810 (+4.4%), from €471,134 to €491,944
- Financial charges -€9,817
down €9,817 (-52.9%), from €18,563 to €8,746
- Financial income +€8,578
up €8,578 (+9,100%), from €94 to €8,672
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 | €1,221,388 | €1,255,576 | +€34,189 | +2.8% |
| Fixed assets | 21/28 | €452,674 | €490,895 | +€38,221 | +8.4% |
| Tangible fixed assets | 22/27 | €451,318 | €487,478 | +€36,160 | +8.0% |
| Land and buildings | 22 | €445,817 | €484,345 | +€38,528 | +8.6% |
| Furniture and vehicles | 24 | €5,501 | €3,133 | -€2,368 | -43.0% |
| Financial fixed assets | 28 | €1,356 | €3,417 | +€2,061 | +152% |
| Current assets | 29/58 | €768,714 | €764,681 | -€4,032 | -0.5% |
| Amounts receivable within one year | 40/41 | €168,496 | €121,299 | -€47,198 | -28.0% |
| Trade receivables | 40 | €72,897 | €34,054 | -€38,843 | -53.3% |
| Other amounts receivable | 41 | €95,600 | €87,245 | -€8,355 | -8.7% |
| Cash at bank and in hand | 54/58 | €600,217 | €643,382 | +€43,165 | +7.2% |
| Total equity and liabilities | 10/49 | €1,221,388 | €1,255,576 | +€34,189 | +2.8% |
| Equity | 10/15 | €692,195 | €907,617 | +€215,422 | +31.1% |
| Reserves | 13 | €77,839 | €501,700 | +€423,862 | +545% |
| Profit (loss) carried forward | 14 | €335,856 | €135,856 | -€200,000 | -59.5% |
| Investment grants | 15 | €278,500 | €270,061 | -€8,439 | -3.0% |
| Provisions and deferred taxes | 16 | €169,788 | - | -€169,788 | |
| Provisions for liabilities and charges | 160/5 | €169,788 | - | -€169,788 | |
| Major repairs and maintenance | 162 | €169,788 | - | -€169,788 | |
| Amounts payable | 17/49 | €359,405 | €347,959 | -€11,446 | -3.2% |
| Amounts payable after more than one year | 17 | €237,787 | €224,135 | -€13,652 | -5.7% |
| Financial debts | 170/4 | €237,787 | €224,135 | -€13,652 | -5.7% |
| Amounts payable within one year | 42/48 | €68,033 | €123,227 | +€55,194 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €24,716 | €39,190 | +€14,474 | +58.6% |
| Trade debts | 44 | - | €44,549 | +€44,549 | |
| Suppliers | 440/4 | - | €44,549 | +€44,549 | |
| Taxes, remuneration and social security | 45 | €43,317 | €39,487 | -€3,829 | -8.8% |
| Taxes | 450/3 | €3,890 | €900 | -€2,990 | -76.9% |
| Remuneration and social security | 454/9 | €39,427 | €38,587 | -€840 | -2.1% |
| Accrued charges and deferred income | 492/3 | €53,586 | €598 | -€52,988 | -98.9% |
| Non-recurring operating income | 76A | €8,887 | €9,735 | +€848 | +9.5% |
| Remuneration, social security and pensions | 62 | €471,134 | €491,944 | +€20,810 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,470 | €20,535 | +€3,065 | +17.5% |
| Other operating charges | 640/8 | €13,773 | €8,048 | -€5,726 | -41.6% |
| Non-recurring operating charges | 66A | - | €4,122 | +€4,122 | |
| Gross operating margin | 9900 | €652,886 | €578,797 | -€74,089 | -11.3% |
| Operating profit (loss) | 9901 | €150,509 | €223,935 | +€73,427 | +48.8% |
| Financial income | 75/76B | €94 | €8,672 | +€8,578 | +9,100% |
| Recurring financial income | 75 | €94 | €8,672 | +€8,578 | +9,100% |
| Financial charges | 65/66B | €18,563 | €8,746 | -€9,817 | -52.9% |
| Recurring financial charges | 65 | €18,563 | €8,746 | -€9,817 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €132,040 | €223,862 | +€91,822 | +69.5% |
| Profit (loss) for the period | 9904 | €132,040 | €223,862 | +€91,822 | +69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,040 | €223,862 | +€91,822 | +69.5% |
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 28 October 2026 via checked.be.