Tim Mousa: what changed
Two fiscal 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.
Tim Mousa
Largest movements
- Intangible fixed assets +€120,170
new in 2025: €120,170
- Stocks and contracts +€17,055
up €17,055 (+46.5%), from €36,704 to €53,759
- Cash -€14,593
down €14,593 (-56.7%), from €25,724 to €11,131
mainly Investment in fixed assets (net) (-€131,388) and Net result for the year (-€26,508)
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Receivables within one year +€2,225
new in 2025: €2,225
- Debts after one year +€131,626
new in 2025: €131,626
- Profit (loss) carried forward -€26,508
down €26,508 (-68.0%), from €38,976 to €12,468
- Other debts +€9,609
up €9,609 (+92.4%), from €10,400 to €20,009
- Trade debts +€7,560
up €7,560 (+41.6%), from €18,193 to €25,753
- Tax, wage and social debts -€4,140
down €4,140 (-20.6%), from €20,094 to €15,954
of which Taxes: -€10,170
- Staff costs +€33,397
up €33,397 (+630.1%), from €5,300 to €38,697
- Depreciation +€10,847
up €10,847 (+153.2%), from €7,080 to €17,928
- Gross operating margin +€6,543
up €6,543 (+19.7%), from €33,148 to €39,691
- Financial charges +€6,220
up €6,220 (+7936.3%), from €78 to €6,299
- Taxes -€6,135
no longer reported in 2025 (was €6,135)
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 | €93,662 | €211,809 | +€118,147 | +126.1% |
| Fixed assets | 21/28 | €31,235 | €144,695 | +€113,460 | +363.3% |
| Intangible fixed assets | 21 | - | €120,170 | +€120,170 | |
| Tangible fixed assets | 22/27 | €26,235 | €24,525 | -€1,710 | -6.5% |
| Plant, machinery and equipment | 23 | €2,119 | €6,801 | +€4,683 | +221.0% |
| Furniture and vehicles | 24 | €24,116 | €17,724 | -€6,392 | -26.5% |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €62,428 | €67,115 | +€4,687 | +7.5% |
| Stocks and contracts in progress | 3 | €36,704 | €53,759 | +€17,055 | +46.5% |
| Stocks | 30/36 | €36,704 | €53,759 | +€17,055 | +46.5% |
| Amounts receivable within one year | 40/41 | - | €2,225 | +€2,225 | |
| Other amounts receivable | 41 | - | €2,225 | +€2,225 | |
| Cash at bank and in hand | 54/58 | €25,724 | €11,131 | -€14,593 | -56.7% |
| Total equity and liabilities | 10/49 | €93,662 | €211,809 | +€118,147 | +126.1% |
| Equity | 10/15 | €44,976 | €18,468 | -€26,508 | -58.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,976 | €12,468 | -€26,508 | -68.0% |
| Amounts payable | 17/49 | €48,687 | €193,341 | +€144,655 | +297.1% |
| Amounts payable after more than one year | 17 | - | €131,626 | +€131,626 | |
| Financial debts | 170/4 | - | €131,626 | +€131,626 | |
| Amounts payable within one year | 42/48 | €48,687 | €61,715 | +€13,029 | +26.8% |
| Trade debts | 44 | €18,193 | €25,753 | +€7,560 | +41.6% |
| Suppliers | 440/4 | €18,193 | €25,753 | +€7,560 | +41.6% |
| Taxes, remuneration and social security | 45 | €20,094 | €15,954 | -€4,140 | -20.6% |
| Taxes | 450/3 | €20,094 | €9,924 | -€10,170 | -50.6% |
| Remuneration and social security | 454/9 | - | €6,030 | +€6,030 | |
| Other amounts payable | 47/48 | €10,400 | €20,009 | +€9,609 | +92.4% |
| Non-recurring operating income | 76A | €90 | - | -€90 | |
| Remuneration, social security and pensions | 62 | €5,300 | €38,697 | +€33,397 | +630.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,080 | €17,928 | +€10,847 | +153.2% |
| Other operating charges | 640/8 | €1,729 | €3,114 | +€1,384 | +80.0% |
| Non-recurring operating charges | 66A | -€1 | €162 | +€162 | |
| Gross operating margin | 9900 | €33,148 | €39,691 | +€6,543 | +19.7% |
| Operating profit (loss) | 9901 | €19,039 | -€20,209 | -€39,248 | |
| Financial charges | 65/66B | €78 | €6,299 | +€6,220 | +7936.3% |
| Recurring financial charges | 65 | €78 | €6,299 | +€6,220 | +7936.3% |
| Profit (loss) for the period before taxes | 9903 | €18,961 | -€26,508 | -€45,469 | |
| Income taxes | 67/77 | €6,135 | - | -€6,135 | |
| Profit (loss) for the period | 9904 | €12,826 | -€26,508 | -€39,334 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,826 | -€26,508 | -€39,334 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.