De Moestuin: 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 Moestuin
Largest movements
- Tangible fixed assets -€19,596
down €19,596 (-13.4%), from €146,078 to €126,482
- Cash +€10,566
up €10,566 (+48.8%), from €21,630 to €32,197
mainly Depreciation (+€27,675) and Trade debts (+€9,051)
- Receivables within one year -€4,765
down €4,765 (-80.1%), from €5,951 to €1,186
of which Other amounts receivable: -€4,883
- Stocks and contracts +€2,022
up €2,022 (+161.8%), from €1,250 to €3,272
- Profit (loss) carried forward -€13,965
down €13,965 (-22.3%), from €62,762 to €48,796
- Trade debts +€9,051
up €9,051 (+239.5%), from €3,779 to €12,830
- Other debts -€3,985
down €3,985 (-99.7%), from €3,996 to €11
- Gross operating margin -€68,999
down €68,999 (-29.4%), from €234,579 to €165,580
- Staff costs +€33,810
up €33,810 (+29.2%), from €115,738 to €149,548
- Taxes -€12,900
no longer reported in 2025 (was €12,900)
- Depreciation -€10,130
down €10,130 (-26.8%), from €37,805 to €27,675
- Financial charges -€2,790
down €2,790 (-64.1%), from €4,352 to €1,562
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 | €174,910 | €164,598 | -€10,312 | -5.9% |
| Fixed assets | 21/28 | €146,078 | €126,482 | -€19,596 | -13.4% |
| Tangible fixed assets | 22/27 | €146,078 | €126,482 | -€19,596 | -13.4% |
| Land and buildings | 22 | €82,241 | €75,791 | -€6,449 | -7.8% |
| Plant, machinery and equipment | 23 | €27,232 | €19,367 | -€7,865 | -28.9% |
| Furniture and vehicles | 24 | €17,407 | €17,851 | +€444 | +2.6% |
| Other tangible fixed assets | 26 | €19,199 | €13,473 | -€5,726 | -29.8% |
| Current assets | 29/58 | €28,832 | €38,116 | +€9,284 | +32.2% |
| Stocks and contracts in progress | 3 | €1,250 | €3,272 | +€2,022 | +161.8% |
| Stocks | 30/36 | €1,250 | €3,272 | +€2,022 | +161.8% |
| Amounts receivable within one year | 40/41 | €5,951 | €1,186 | -€4,765 | -80.1% |
| Trade receivables | 40 | €994 | €1,112 | +€118 | +11.9% |
| Other amounts receivable | 41 | €4,957 | €74 | -€4,883 | -98.5% |
| Cash at bank and in hand | 54/58 | €21,630 | €32,197 | +€10,566 | +48.8% |
| Deferred charges and accrued income | 490/1 | - | €1,461 | +€1,461 | |
| Total equity and liabilities | 10/49 | €174,910 | €164,598 | -€10,312 | -5.9% |
| Equity | 10/15 | €77,762 | €63,796 | -€13,965 | -18.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,762 | €48,796 | -€13,965 | -22.3% |
| Amounts payable | 17/49 | €97,149 | €100,802 | +€3,653 | +3.8% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,149 | €50,802 | +€3,653 | +7.7% |
| Trade debts | 44 | €3,779 | €12,830 | +€9,051 | +239.5% |
| Suppliers | 440/4 | €3,779 | €12,830 | +€9,051 | +239.5% |
| Taxes, remuneration and social security | 45 | €39,373 | €37,961 | -€1,412 | -3.6% |
| Taxes | 450/3 | €28,583 | €24,165 | -€4,418 | -15.5% |
| Remuneration and social security | 454/9 | €10,790 | €13,796 | +€3,006 | +27.9% |
| Other amounts payable | 47/48 | €3,996 | €11 | -€3,985 | -99.7% |
| Remuneration, social security and pensions | 62 | €115,738 | €149,548 | +€33,810 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,805 | €27,675 | -€10,130 | -26.8% |
| Other operating charges | 640/8 | €1,074 | €835 | -€239 | -22.3% |
| Gross operating margin | 9900 | €234,579 | €165,580 | -€68,999 | -29.4% |
| Operating profit (loss) | 9901 | €79,962 | -€12,478 | -€92,440 | |
| Financial income | 75/76B | €51 | €75 | +€24 | +46.3% |
| Recurring financial income | 75 | €51 | €75 | +€24 | +46.3% |
| Financial charges | 65/66B | €4,352 | €1,562 | -€2,790 | -64.1% |
| Recurring financial charges | 65 | €4,352 | €1,562 | -€2,790 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €75,661 | -€13,965 | -€89,626 | |
| Income taxes | 67/77 | €12,900 | - | -€12,900 | |
| Profit (loss) for the period | 9904 | €62,762 | -€13,965 | -€76,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,762 | -€13,965 | -€76,727 |
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 7 October 2026 via checked.be.