NEW MOSAN: 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.
NEW MOSAN
Largest movements
- Tangible fixed assets +€371,808
up €371,808 (+712%), from €52,225 to €424,033
of which Land and buildings: +€331,459
- Receivables within one year +€105,225
up €105,225 (+142%), from €73,911 to €179,137
of which Trade receivables: +€70,607
- Cash -€16,452
down €16,452 (-25.0%), from €65,800 to €49,348
mainly Investment in fixed assets (net) (-€399,374) and Contributions, distributions and other (-€110,000)
- Debts after one year +€291,679
up €291,679 (+2,862%), from €10,192 to €301,872
- Other debts +€110,885
up €110,885 (+154%), from €72,103 to €182,988
- Trade debts +€20,241
up €20,241 (+68.7%), from €29,446 to €49,687
- Tax, wage and social debts +€14,608
new in 2025: €14,608
- Current portion of long-term debt +€13,590
up €13,590 (+89.0%), from €15,271 to €28,862
- Gross operating margin +€108,695
up €108,695 (+142%), from €76,310 to €185,004
- Taxes +€21,629
up €21,629 (+173%), from €12,502 to €34,132
- Financial charges +€2,614
up €2,614 (+111%), from €2,364 to €4,978
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 | €261,855 | €721,278 | +€459,423 | +175% |
| Fixed assets | 21/28 | €52,225 | €424,033 | +€371,808 | +712% |
| Tangible fixed assets | 22/27 | €52,225 | €424,033 | +€371,808 | +712% |
| Land and buildings | 22 | - | €331,459 | +€331,459 | |
| Plant, machinery and equipment | 23 | €9,669 | €20,639 | +€10,970 | +113% |
| Furniture and vehicles | 24 | €2,258 | €42,479 | +€40,221 | +1,782% |
| Leasing and similar rights | 25 | €14,223 | €9,344 | -€4,879 | -34.3% |
| Other tangible fixed assets | 26 | €26,075 | €20,113 | -€5,963 | -22.9% |
| Current assets | 29/58 | €209,630 | €297,245 | +€87,615 | +41.8% |
| Stocks and contracts in progress | 3 | €69,370 | €67,855 | -€1,516 | -2.2% |
| Stocks | 30/36 | €69,370 | €67,855 | -€1,516 | -2.2% |
| Amounts receivable within one year | 40/41 | €73,911 | €179,137 | +€105,225 | +142% |
| Trade receivables | 40 | €42,576 | €113,183 | +€70,607 | +166% |
| Other amounts receivable | 41 | €31,336 | €65,954 | +€34,618 | +110% |
| Cash at bank and in hand | 54/58 | €65,800 | €49,348 | -€16,452 | -25.0% |
| Deferred charges and accrued income | 490/1 | €550 | €906 | +€356 | +64.9% |
| Total equity and liabilities | 10/49 | €261,855 | €721,278 | +€459,423 | +175% |
| Equity | 10/15 | €134,842 | €142,390 | +€7,548 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,000 | €110,000 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,242 | €13,790 | +€7,548 | +121% |
| Amounts payable | 17/49 | €127,013 | €578,888 | +€451,875 | +356% |
| Amounts payable after more than one year | 17 | €10,192 | €301,872 | +€291,679 | +2,862% |
| Financial debts | 170/4 | €10,192 | €301,872 | +€291,679 | +2,862% |
| Amounts payable within one year | 42/48 | €116,821 | €276,145 | +€159,324 | +136% |
| Current portion of amounts payable after more than one year | 42 | €15,271 | €28,862 | +€13,590 | +89.0% |
| Trade debts | 44 | €29,446 | €49,687 | +€20,241 | +68.7% |
| Suppliers | 440/4 | €29,446 | €49,687 | +€20,241 | +68.7% |
| Taxes, remuneration and social security | 45 | - | €14,608 | +€14,608 | |
| Taxes | 450/3 | - | €14,608 | +€14,608 | |
| Other amounts payable | 47/48 | €72,103 | €182,988 | +€110,885 | +154% |
| Accrued charges and deferred income | 492/3 | - | €871 | +€871 | |
| Remuneration, social security and pensions | 62 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,415 | €27,565 | +€1,151 | +4.4% |
| Other operating charges | 640/8 | €298 | €807 | +€509 | +171% |
| Gross operating margin | 9900 | €76,310 | €185,004 | +€108,695 | +142% |
| Operating profit (loss) | 9901 | €49,527 | €156,632 | +€107,105 | +216% |
| Financial income | 75/76B | €1 | €25 | +€24 | +2,658% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +2,658% |
| Financial charges | 65/66B | €2,364 | €4,978 | +€2,614 | +111% |
| Recurring financial charges | 65 | €2,364 | €4,978 | +€2,614 | +111% |
| Profit (loss) for the period before taxes | 9903 | €47,164 | €151,680 | +€104,516 | +222% |
| Income taxes | 67/77 | €12,502 | €34,132 | +€21,629 | +173% |
| Profit (loss) for the period | 9904 | €34,662 | €117,548 | +€82,886 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €34,662 | €117,548 | +€82,886 | +239% |
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 22 October 2026 via checked.be.