TEGELS - MOCO: 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.
TEGELS - MOCO
Largest movements
- Receivables within one year -€158,083
down €158,083 (-94.5%), from €167,294 to €9,211
of which Trade receivables: -€146,735
- Cash +€52,389
up €52,389 (+218%), from €23,978 to €76,367
mainly Receivables within one year (+€158,083) and Tax, wage and social debts (+€4,170)
- Tangible fixed assets +€18,080
up €18,080 (+2,240%), from €807 to €18,887
of which Furniture and vehicles: +€13,665
- Reserves -€36,445
down €36,445 (-27.4%), from €133,176 to €96,731
of which Distributable reserves: -€36,445
- Trade debts -€22,602
down €22,602 (-80.5%), from €28,085 to €5,483
- Profit (loss) carried forward -€18,691
down €18,691 (-1,089%), from -€1,716 to -€20,406
- Other debts -€12,835
down €12,835 (-59.1%), from €21,704 to €8,869
- Tax, wage and social debts +€4,170
up €4,170 (+51.3%), from €8,132 to €12,302
of which Taxes: +€3,389
- Gross operating margin -€38,314
down €38,314 (-30.0%), from €127,841 to €89,527
- Depreciation -€8,525
down €8,525 (-83.6%), from €10,202 to €1,677
- Taxes -€6,396
down €6,396 (-91.8%), from €6,966 to €570
- Staff costs +€5,782
up €5,782 (+5.8%), from €99,100 to €104,881
- Financial income +€1,807
up €1,807 (+314%), from €576 to €2,383
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 | €207,981 | €121,579 | -€86,402 | -41.5% |
| Fixed assets | 21/28 | €807 | €18,887 | +€18,080 | +2,240% |
| Tangible fixed assets | 22/27 | €807 | €18,887 | +€18,080 | +2,240% |
| Land and buildings | 22 | - | €4,415 | +€4,415 | |
| Furniture and vehicles | 24 | €807 | €14,472 | +€13,665 | +1,693% |
| Current assets | 29/58 | €207,174 | €102,691 | -€104,482 | -50.4% |
| Stocks and contracts in progress | 3 | €13,292 | €14,972 | +€1,680 | +12.6% |
| Stocks | 30/36 | €13,292 | €14,972 | +€1,680 | +12.6% |
| Amounts receivable within one year | 40/41 | €167,294 | €9,211 | -€158,083 | -94.5% |
| Trade receivables | 40 | €150,980 | €4,245 | -€146,735 | -97.2% |
| Other amounts receivable | 41 | €16,314 | €4,966 | -€11,348 | -69.6% |
| Cash at bank and in hand | 54/58 | €23,978 | €76,367 | +€52,389 | +218% |
| Deferred charges and accrued income | 490/1 | €2,610 | €2,141 | -€469 | -18.0% |
| Total equity and liabilities | 10/49 | €207,981 | €121,579 | -€86,402 | -41.5% |
| Equity | 10/15 | €150,061 | €94,925 | -€55,136 | -36.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €133,176 | €96,731 | -€36,445 | -27.4% |
| Non-distributable reserves | 130/1 | €10,542 | €10,542 | = | 0.0% |
| Own shares acquired | 1312 | €10,542 | €10,542 | = | 0.0% |
| Distributable reserves | 133 | €122,634 | €86,189 | -€36,445 | -29.7% |
| Profit (loss) carried forward | 14 | -€1,716 | -€20,406 | -€18,691 | -1,089% |
| Amounts payable | 17/49 | €57,920 | €26,654 | -€31,266 | -54.0% |
| Amounts payable within one year | 42/48 | €57,920 | €26,654 | -€31,266 | -54.0% |
| Trade debts | 44 | €28,085 | €5,483 | -€22,602 | -80.5% |
| Suppliers | 440/4 | €28,085 | €5,483 | -€22,602 | -80.5% |
| Taxes, remuneration and social security | 45 | €8,132 | €12,302 | +€4,170 | +51.3% |
| Taxes | 450/3 | €7,656 | €11,045 | +€3,389 | +44.3% |
| Remuneration and social security | 454/9 | €476 | €1,257 | +€781 | +164% |
| Other amounts payable | 47/48 | €21,704 | €8,869 | -€12,835 | -59.1% |
| Non-recurring operating income | 76A | - | €744 | +€744 | |
| Remuneration, social security and pensions | 62 | €99,100 | €104,881 | +€5,782 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,202 | €1,677 | -€8,525 | -83.6% |
| Other operating charges | 640/8 | €3,172 | €2,624 | -€547 | -17.3% |
| Gross operating margin | 9900 | €127,841 | €89,527 | -€38,314 | -30.0% |
| Operating profit (loss) | 9901 | €15,367 | -€19,656 | -€35,024 | |
| Financial income | 75/76B | €576 | €2,383 | +€1,807 | +314% |
| Recurring financial income | 75 | €576 | €2,383 | +€1,807 | +314% |
| Financial charges | 65/66B | €713 | €847 | +€134 | +18.9% |
| Recurring financial charges | 65 | €713 | €847 | +€134 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €15,230 | -€18,121 | -€33,351 | |
| Income taxes | 67/77 | €6,966 | €570 | -€6,396 | -91.8% |
| Profit (loss) for the period | 9904 | €8,264 | -€18,691 | -€26,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,264 | -€18,691 | -€26,955 |
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 19 October 2026 via checked.be.