De Moorduvels: 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.
De Moorduvels
Largest movements
- Cash -€50,501
down €50,501 (-60.7%), from €83,139 to €32,638
mainly Contributions, distributions and other (-€54,771) and Receivables after one year (-€38,400)
- Receivables after one year +€38,400
new in 2025: €38,400
- Current investments +€30,000
new in 2025: €30,000
- Intangible fixed assets -€9,000
down €9,000 (-30.0%), from €30,000 to €21,000
- Receivables within one year -€2,094
down €2,094 (-17.2%), from €12,189 to €10,094
of which Other amounts receivable: -€2,454
- Other debts +€23,547
up €23,547 (+117%), from €20,135 to €43,683
- Reserves -€15,524
down €15,524 (-17.5%), from €88,831 to €73,307
- Trade debts -€4,561
down €4,561 (-71.7%), from €6,358 to €1,798
- Tax, wage and social debts +€2,607
up €2,607 (+101%), from €2,571 to €5,178
of which Taxes: +€2,607
- Gross operating margin +€31,352
up €31,352 (+101%), from €31,127 to €62,480
- Taxes +€6,030
up €6,030 (+150%), from €4,031 to €10,061
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 | €136,692 | €142,566 | +€5,874 | +4.3% |
| Fixed assets | 21/28 | €36,363 | €26,459 | -€9,905 | -27.2% |
| Intangible fixed assets | 21 | €30,000 | €21,000 | -€9,000 | -30.0% |
| Tangible fixed assets | 22/27 | €6,363 | €5,459 | -€905 | -14.2% |
| Land and buildings | 22 | €3,707 | €2,125 | -€1,582 | -42.7% |
| Furniture and vehicles | 24 | €2,657 | €3,334 | +€677 | +25.5% |
| Current assets | 29/58 | €100,328 | €116,107 | +€15,779 | +15.7% |
| Amounts receivable after more than one year | 29 | - | €38,400 | +€38,400 | |
| Other amounts receivable | 291 | - | €38,400 | +€38,400 | |
| Amounts receivable within one year | 40/41 | €12,189 | €10,094 | -€2,094 | -17.2% |
| Trade receivables | 40 | €9,720 | €10,080 | +€360 | +3.7% |
| Other amounts receivable | 41 | €2,469 | €14 | -€2,454 | -99.4% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €83,139 | €32,638 | -€50,501 | -60.7% |
| Deferred charges and accrued income | 490/1 | €5,000 | €4,975 | -€25 | -0.5% |
| Total equity and liabilities | 10/49 | €136,692 | €142,566 | +€5,874 | +4.3% |
| Equity | 10/15 | €107,431 | €91,907 | -€15,524 | -14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,831 | €73,307 | -€15,524 | -17.5% |
| Distributable reserves | 133 | €88,831 | €73,307 | -€15,524 | -17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,261 | €50,659 | +€21,398 | +73.1% |
| Amounts payable within one year | 42/48 | €29,065 | €50,659 | +€21,594 | +74.3% |
| Trade debts | 44 | €6,358 | €1,798 | -€4,561 | -71.7% |
| Suppliers | 440/4 | €6,358 | €1,798 | -€4,561 | -71.7% |
| Taxes, remuneration and social security | 45 | €2,571 | €5,178 | +€2,607 | +101% |
| Taxes | 450/3 | €331 | €2,938 | +€2,607 | +788% |
| Remuneration and social security | 454/9 | €2,240 | €2,240 | = | 0.0% |
| Other amounts payable | 47/48 | €20,135 | €43,683 | +€23,547 | +117% |
| Accrued charges and deferred income | 492/3 | €196 | €0 | -€196 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,072 | €12,405 | +€333 | +2.8% |
| Other operating charges | 640/8 | €293 | €597 | +€304 | +104% |
| Gross operating margin | 9900 | €31,127 | €62,480 | +€31,352 | +101% |
| Operating profit (loss) | 9901 | €18,762 | €49,477 | +€30,715 | +164% |
| Financial income | 75/76B | €0 | €56 | +€56 | |
| Recurring financial income | 75 | €0 | €56 | +€56 | |
| Financial charges | 65/66B | €101 | €225 | +€124 | +123% |
| Recurring financial charges | 65 | €101 | €225 | +€124 | +123% |
| Profit (loss) for the period before taxes | 9903 | €18,662 | €49,309 | +€30,647 | +164% |
| Income taxes | 67/77 | €4,031 | €10,061 | +€6,030 | +150% |
| Profit (loss) for the period | 9904 | €14,630 | €39,247 | +€24,617 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €14,630 | €39,247 | +€24,617 | +168% |
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 26 October 2026 via checked.be.