DE MOERVAART: 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.
DE MOERVAART
Largest movements
- Tangible fixed assets +€397,050
up €397,050 (+31.5%), from €1.3m to €1.7m
of which Land and buildings: +€397,050
- Other debts +€428,913
up €428,913 (+103.4%), from €414,966 to €843,879
- Profit (loss) carried forward -€75,720
down €75,720 (-159.5%), from -€47,483 to -€123,203
- Trade debts +€26,394
up €26,394 (+98.2%), from €26,864 to €53,258
- Depreciation +€14,497
up €14,497 (+27.4%), from €52,934 to €67,431
- Gross operating margin -€13,048
down €13,048 (-98.2%), from €13,288 to €240
- Other operating charges +€862
up €862 (+13.0%), from €6,628 to €7,491
- Financial charges -€172
down €172 (-13.8%), from €1,245 to €1,073
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 | €1,354,806 | €1,734,724 | +€379,918 | +28.0% |
| Fixed assets | 21/28 | €1,260,313 | €1,657,363 | +€397,050 | +31.5% |
| Tangible fixed assets | 22/27 | €1,259,313 | €1,656,363 | +€397,050 | +31.5% |
| Land and buildings | 22 | €1,259,313 | €1,656,363 | +€397,050 | +31.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €94,492 | €77,360 | -€17,132 | -18.1% |
| Amounts receivable within one year | 40/41 | €1,880 | €1,204 | -€677 | -36.0% |
| Trade receivables | 40 | €1,770 | €858 | -€912 | -51.5% |
| Other amounts receivable | 41 | €110 | €346 | +€235 | +213.8% |
| Cash at bank and in hand | 54/58 | €71,683 | €71,477 | -€206 | -0.3% |
| Deferred charges and accrued income | 490/1 | €20,929 | €4,680 | -€16,250 | -77.6% |
| Total equity and liabilities | 10/49 | €1,354,806 | €1,734,724 | +€379,918 | +28.0% |
| Equity | 10/15 | €634,575 | €558,854 | -€75,720 | -11.9% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €650,058 | €650,058 | = | 0.0% |
| Distributable reserves | 133 | €650,058 | €650,058 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,483 | -€123,203 | -€75,720 | -159.5% |
| Amounts payable | 17/49 | €720,231 | €1,175,869 | +€455,639 | +63.3% |
| Amounts payable after more than one year | 17 | €270,000 | €270,000 | = | 0.0% |
| Financial debts | 170/4 | €270,000 | €270,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €448,431 | €903,737 | +€455,307 | +101.5% |
| Trade debts | 44 | €26,864 | €53,258 | +€26,394 | +98.2% |
| Suppliers | 440/4 | €26,864 | €53,258 | +€26,394 | +98.2% |
| Taxes, remuneration and social security | 45 | €6,601 | €6,601 | = | 0.0% |
| Taxes | 450/3 | €6,601 | €6,601 | = | 0.0% |
| Other amounts payable | 47/48 | €414,966 | €843,879 | +€428,913 | +103.4% |
| Accrued charges and deferred income | 492/3 | €1,800 | €2,132 | +€332 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,934 | €67,431 | +€14,497 | +27.4% |
| Other operating charges | 640/8 | €6,628 | €7,491 | +€862 | +13.0% |
| Gross operating margin | 9900 | €13,288 | €240 | -€13,048 | -98.2% |
| Operating profit (loss) | 9901 | -€46,275 | -€74,682 | -€28,407 | -61.4% |
| Financial income | 75/76B | €37 | €47 | +€10 | +26.3% |
| Recurring financial income | 75 | €37 | €47 | +€10 | +26.3% |
| Financial charges | 65/66B | €1,245 | €1,073 | -€172 | -13.8% |
| Recurring financial charges | 65 | €1,245 | €1,073 | -€172 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,483 | -€75,708 | -€28,225 | -59.4% |
| Income taxes | 67/77 | €0 | €13 | +€13 | |
| Profit (loss) for the period | 9904 | -€47,483 | -€75,720 | -€28,238 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,483 | -€75,720 | -€28,238 | -59.5% |
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 9 October 2026 via checked.be.