Omar Mohout: 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.
Omar Mohout
Largest movements
- Tangible fixed assets +€311,117
up €311,117 (+98.8%), from €314,844 to €625,961
of which Land and buildings: +€301,794
- Receivables within one year -€57,115
down €57,115 (-33.6%), from €170,140 to €113,025
of which Trade receivables: -€36,129
- Cash -€31,371
down €31,371 (-33.4%), from €93,946 to €62,576
mainly Investment in fixed assets (net) (-€330,104) and Trade debts (-€8,659)
- Debts after one year +€158,511
up €158,511 (+90.1%), from €175,857 to €334,369
- Reserves +€47,745
up €47,745 (+13.6%), from €350,405 to €398,150
- Current portion of long-term debt +€18,470
up €18,470 (+107%), from €17,182 to €35,652
- Contributions +€11,500
up €11,500 (+329%), from €3,500 to €15,000
- Trade debts -€8,659
down €8,659 (-70.4%), from €12,296 to €3,636
- Gross operating margin -€56,166
down €56,166 (-30.7%), from €183,025 to €126,859
- Financial charges -€32,114
down €32,114 (-77.4%), from €41,466 to €9,352
of which Non-recurring financial charges: -€37,021
- Taxes -€10,333
down €10,333 (-41.6%), from €24,839 to €14,506
- Depreciation +€8,415
up €8,415 (+79.6%), from €10,572 to €18,987
- Other operating charges +€2,107
up €2,107 (+5.4%), from €38,841 to €40,948
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 | €580,507 | €802,836 | +€222,329 | +38.3% |
| Fixed assets | 21/28 | €314,844 | €625,961 | +€311,117 | +98.8% |
| Tangible fixed assets | 22/27 | €314,844 | €625,961 | +€311,117 | +98.8% |
| Land and buildings | 22 | €298,892 | €600,686 | +€301,794 | +101% |
| Furniture and vehicles | 24 | €12,325 | €8,477 | -€3,847 | -31.2% |
| Other tangible fixed assets | 26 | €3,628 | €16,797 | +€13,170 | +363% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €265,663 | €176,876 | -€88,788 | -33.4% |
| Amounts receivable within one year | 40/41 | €170,140 | €113,025 | -€57,115 | -33.6% |
| Trade receivables | 40 | €67,819 | €31,690 | -€36,129 | -53.3% |
| Other amounts receivable | 41 | €102,321 | €81,335 | -€20,986 | -20.5% |
| Cash at bank and in hand | 54/58 | €93,946 | €62,576 | -€31,371 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,576 | €1,275 | -€302 | -19.1% |
| Total equity and liabilities | 10/49 | €580,507 | €802,836 | +€222,329 | +38.3% |
| Equity | 10/15 | €353,905 | €413,150 | +€59,245 | +16.7% |
| Contributions | 10/11 | €3,500 | €15,000 | +€11,500 | +329% |
| Reserves | 13 | €350,405 | €398,150 | +€47,745 | +13.6% |
| Distributable reserves | 133 | €350,405 | €398,150 | +€47,745 | +13.6% |
| Amounts payable | 17/49 | €226,602 | €389,687 | +€163,084 | +72.0% |
| Amounts payable after more than one year | 17 | €175,857 | €334,369 | +€158,511 | +90.1% |
| Financial debts | 170/4 | €175,857 | €334,369 | +€158,511 | +90.1% |
| Amounts payable within one year | 42/48 | €50,745 | €55,318 | +€4,573 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €17,182 | €35,652 | +€18,470 | +107% |
| Trade debts | 44 | €12,296 | €3,636 | -€8,659 | -70.4% |
| Suppliers | 440/4 | €12,296 | €3,636 | -€8,659 | -70.4% |
| Taxes, remuneration and social security | 45 | €21,267 | €16,030 | -€5,238 | -24.6% |
| Taxes | 450/3 | €21,267 | €16,030 | -€5,238 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,572 | €18,987 | +€8,415 | +79.6% |
| Other operating charges | 640/8 | €38,841 | €40,948 | +€2,107 | +5.4% |
| Gross operating margin | 9900 | €183,025 | €126,859 | -€56,166 | -30.7% |
| Operating profit (loss) | 9901 | €133,612 | €66,923 | -€66,689 | -49.9% |
| Financial income | 75/76B | €4,722 | €4,680 | -€43 | -0.9% |
| Recurring financial income | 75 | €4,722 | €4,680 | -€43 | -0.9% |
| Financial charges | 65/66B | €41,466 | €9,352 | -€32,114 | -77.4% |
| Recurring financial charges | 65 | €4,445 | €9,352 | +€4,907 | +110% |
| Non-recurring financial charges | 66B | €37,021 | €0 | -€37,021 | -100% |
| Profit (loss) for the period before taxes | 9903 | €96,869 | €62,251 | -€34,618 | -35.7% |
| Income taxes | 67/77 | €24,839 | €14,506 | -€10,333 | -41.6% |
| Profit (loss) for the period | 9904 | €72,029 | €47,745 | -€24,284 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,029 | €47,745 | -€24,284 | -33.7% |
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 21 October 2026 via checked.be.