MOXA: 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.
MOXA
Largest movements
- Current investments +€130,737
up €130,737 (+62.1%), from €210,599 to €341,336
- Cash -€39,184
down €39,184 (-19.4%), from €201,860 to €162,676
mainly Current investments (-€130,737) and Other debts (-€8,312)
- Tangible fixed assets -€11,498
down €11,498 (-21.8%), from €52,716 to €41,219
of which Furniture and vehicles: -€11,177
- Reserves +€87,269
up €87,269 (+19.8%), from €440,501 to €527,770
- Other debts -€8,312
down €8,312 (-72.4%), from €11,483 to €3,171
- Gross operating margin +€46,269
up €46,269 (+50.2%), from €92,152 to €138,421
- Taxes +€11,708
up €11,708 (+39.5%), from €29,668 to €41,376
- Depreciation +€5,886
up €5,886 (+94.7%), from €6,213 to €12,098
- Financial income -€3,749
down €3,749 (-43.7%), from €8,571 to €4,822
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 | €471,508 | €547,645 | +€76,137 | +16.1% |
| Fixed assets | 21/28 | €52,716 | €41,219 | -€11,498 | -21.8% |
| Tangible fixed assets | 22/27 | €52,716 | €41,219 | -€11,498 | -21.8% |
| Furniture and vehicles | 24 | €51,161 | €39,984 | -€11,177 | -21.8% |
| Other tangible fixed assets | 26 | €1,555 | €1,235 | -€321 | -20.6% |
| Current assets | 29/58 | €418,791 | €506,426 | +€87,635 | +20.9% |
| Amounts receivable within one year | 40/41 | €2,997 | €795 | -€2,202 | -73.5% |
| Trade receivables | 40 | - | €725 | +€725 | |
| Other amounts receivable | 41 | €2,997 | €70 | -€2,927 | -97.7% |
| Current investments | 50/53 | €210,599 | €341,336 | +€130,737 | +62.1% |
| Cash at bank and in hand | 54/58 | €201,860 | €162,676 | -€39,184 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,336 | €1,619 | -€1,717 | -51.5% |
| Total equity and liabilities | 10/49 | €471,508 | €547,645 | +€76,137 | +16.1% |
| Equity | 10/15 | €452,875 | €540,144 | +€87,269 | +19.3% |
| Contributions | 10/11 | €12,374 | €12,374 | = | 0.0% |
| Reserves | 13 | €440,501 | €527,770 | +€87,269 | +19.8% |
| Distributable reserves | 133 | €440,501 | €527,770 | +€87,269 | +19.8% |
| Amounts payable | 17/49 | €18,633 | €7,500 | -€11,132 | -59.7% |
| Amounts payable within one year | 42/48 | €18,633 | €7,500 | -€11,132 | -59.7% |
| Trade debts | 44 | €2,556 | €820 | -€1,736 | -67.9% |
| Suppliers | 440/4 | €2,556 | €820 | -€1,736 | -67.9% |
| Taxes, remuneration and social security | 45 | €4,594 | €3,510 | -€1,084 | -23.6% |
| Taxes | 450/3 | €4,594 | €3,510 | -€1,084 | -23.6% |
| Other amounts payable | 47/48 | €11,483 | €3,171 | -€8,312 | -72.4% |
| Non-recurring operating income | 76A | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,213 | €12,098 | +€5,886 | +94.7% |
| Other operating charges | 640/8 | €754 | €610 | -€145 | -19.2% |
| Gross operating margin | 9900 | €92,152 | €138,421 | +€46,269 | +50.2% |
| Operating profit (loss) | 9901 | €85,185 | €125,713 | +€40,528 | +47.6% |
| Financial income | 75/76B | €8,571 | €4,822 | -€3,749 | -43.7% |
| Recurring financial income | 75 | €8,571 | €4,822 | -€3,749 | -43.7% |
| Financial charges | 65/66B | €999 | €1,890 | +€891 | +89.3% |
| Recurring financial charges | 65 | €999 | €1,890 | +€891 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | €92,758 | €128,646 | +€35,888 | +38.7% |
| Income taxes | 67/77 | €29,668 | €41,376 | +€11,708 | +39.5% |
| Profit (loss) for the period | 9904 | €63,090 | €87,269 | +€24,180 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,090 | €87,269 | +€24,180 | +38.3% |
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 10 October 2026 via checked.be.