DE MOERDIJK: what changed
DE MOERDIJK
Largest movements
- Receivables within one year -€76,973
down €76,973 (-51.6%), from €149,084 to €72,112
- Tangible fixed assets +€46,392
up €46,392 (+6.7%), from €696,841 to €743,233
of which Land and buildings: +€61,730
- Cash -€28,776
down €28,776 (-23.5%), from €122,278 to €93,502
mainly Investment in fixed assets (net) (-€126,973) and Contributions, distributions and other (-€80,000)
- Reserves -€52,500
down €52,500 (-16.1%), from €326,250 to €273,750
of which Distributable reserves: -€52,500
- Other debts +€26,520
up €26,520 (+17.6%), from €151,000 to €177,520
- Current portion of long-term debt -€17,109
down €17,109 (-34.0%), from €50,293 to €33,184
- Gross operating margin -€48,980
down €48,980 (-27.6%), from €177,579 to €128,599
- Depreciation +€16,020
up €16,020 (+24.8%), from €64,561 to €80,581
- Taxes -€13,506
down €13,506 (-48.5%), from €27,869 to €14,363
- Other operating charges -€6,328
down €6,328 (-64.9%), from €9,752 to €3,424
- Financial income -€4,182
down €4,182 (-41.3%), from €10,119 to €5,937
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,141,580 | €1,087,290 | -€54,290 | -4.8% |
| Fixed assets | 21/28 | €868,077 | €914,470 | +€46,392 | +5.3% |
| Tangible fixed assets | 22/27 | €696,841 | €743,233 | +€46,392 | +6.7% |
| Land and buildings | 22 | €619,407 | €681,137 | +€61,730 | +10.0% |
| Plant, machinery and equipment | 23 | €10,852 | €9,460 | -€1,392 | -12.8% |
| Furniture and vehicles | 24 | €66,582 | €52,637 | -€13,945 | -20.9% |
| Financial fixed assets | 28 | €171,237 | €171,237 | = | 0.0% |
| Current assets | 29/58 | €273,503 | €172,820 | -€100,682 | -36.8% |
| Amounts receivable within one year | 40/41 | €149,084 | €72,112 | -€76,973 | -51.6% |
| Other amounts receivable | 41 | €149,084 | €72,112 | -€76,973 | -51.6% |
| Cash at bank and in hand | 54/58 | €122,278 | €93,502 | -€28,776 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,140 | €7,206 | +€5,066 | +237% |
| Total equity and liabilities | 10/49 | €1,141,580 | €1,087,290 | -€54,290 | -4.8% |
| Equity | 10/15 | €743,696 | €691,470 | -€52,226 | -7.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €326,250 | €273,750 | -€52,500 | -16.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €307,500 | €255,000 | -€52,500 | -17.1% |
| Profit (loss) carried forward | 14 | €357,446 | €357,720 | +€274 | +0.1% |
| Amounts payable | 17/49 | €397,884 | €395,820 | -€2,064 | -0.5% |
| Amounts payable after more than one year | 17 | €183,101 | €171,811 | -€11,290 | -6.2% |
| Financial debts | 170/4 | €183,101 | €171,811 | -€11,290 | -6.2% |
| Amounts payable within one year | 42/48 | €212,896 | €221,511 | +€8,615 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €50,293 | €33,184 | -€17,109 | -34.0% |
| Trade debts | 44 | €10,178 | €4,902 | -€5,276 | -51.8% |
| Suppliers | 440/4 | €10,178 | €4,902 | -€5,276 | -51.8% |
| Taxes, remuneration and social security | 45 | €1,424 | €5,904 | +€4,480 | +315% |
| Taxes | 450/3 | €1,424 | €5,904 | +€4,480 | +315% |
| Other amounts payable | 47/48 | €151,000 | €177,520 | +€26,520 | +17.6% |
| Accrued charges and deferred income | 492/3 | €1,887 | €2,498 | +€611 | +32.4% |
| Non-recurring operating income | 76A | €11,559 | €620 | -€10,940 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,561 | €80,581 | +€16,020 | +24.8% |
| Other operating charges | 640/8 | €9,752 | €3,424 | -€6,328 | -64.9% |
| Gross operating margin | 9900 | €177,579 | €128,599 | -€48,980 | -27.6% |
| Operating profit (loss) | 9901 | €103,267 | €44,595 | -€58,672 | -56.8% |
| Financial income | 75/76B | €10,119 | €5,937 | -€4,182 | -41.3% |
| Recurring financial income | 75 | €10,119 | €5,937 | -€4,182 | -41.3% |
| Financial charges | 65/66B | €8,543 | €8,395 | -€148 | -1.7% |
| Recurring financial charges | 65 | €8,543 | €8,395 | -€148 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €104,843 | €42,137 | -€62,706 | -59.8% |
| Income taxes | 67/77 | €27,869 | €14,363 | -€13,506 | -48.5% |
| Profit (loss) for the period | 9904 | €76,974 | €27,774 | -€49,200 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,974 | €27,774 | -€49,200 | -63.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.