DR.J.MOENS: 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.
DR.J.MOENS
Largest movements
- Cash -€44,807
down €44,807 (-26.2%), from €170,988 to €126,181
mainly Contributions, distributions and other (-€259,000) and Debts after one year (-€30,368)
- Intangible fixed assets -€30,000
down €30,000 (-20.8%), from €144,344 to €114,344
- Tangible fixed assets +€19,815
up €19,815 (+74.4%), from €26,627 to €46,442
of which Furniture and vehicles: +€22,293
- Deferred charges and accrued income +€13,087
up €13,087 (+12.8%), from €102,397 to €115,484
- Debts after one year -€30,368
down €30,368 (-23.1%), from €131,209 to €100,841
- Reserves -€29,931
down €29,931 (-97.6%), from €30,667 to €735
- Tax, wage and social debts +€10,845
up €10,845 (+39.3%), from €27,603 to €38,448
- Gross operating margin +€21,767
up €21,767 (+6.8%), from €321,643 to €343,411
- Taxes +€4,255
up €4,255 (+6.3%), from €67,922 to €72,177
- Depreciation -€3,548
down €3,548 (-8.8%), from €40,400 to €36,852
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,684 | €402,451 | -€45,233 | -10.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €170,971 | €160,786 | -€10,185 | -6.0% |
| Intangible fixed assets | 21 | €144,344 | €114,344 | -€30,000 | -20.8% |
| Tangible fixed assets | 22/27 | €26,627 | €46,442 | +€19,815 | +74.4% |
| Plant, machinery and equipment | 23 | €602 | €180 | -€422 | -70.2% |
| Furniture and vehicles | 24 | €16,671 | €38,963 | +€22,293 | +133.7% |
| Other tangible fixed assets | 26 | €9,355 | €7,299 | -€2,056 | -22.0% |
| Current assets | 29/58 | €276,713 | €241,665 | -€35,048 | -12.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,328 | €0 | -€3,328 | -100.0% |
| Other amounts receivable | 41 | €3,328 | €0 | -€3,328 | -100.0% |
| Cash at bank and in hand | 54/58 | €170,988 | €126,181 | -€44,807 | -26.2% |
| Deferred charges and accrued income | 490/1 | €102,397 | €115,484 | +€13,087 | +12.8% |
| Total equity and liabilities | 10/49 | €447,684 | €402,451 | -€45,233 | -10.1% |
| Equity | 10/15 | €35,667 | €5,735 | -€29,931 | -83.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,667 | €735 | -€29,931 | -97.6% |
| Distributable reserves | 133 | €30,667 | €735 | -€29,931 | -97.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €412,018 | €396,716 | -€15,302 | -3.7% |
| Amounts payable after more than one year | 17 | €131,209 | €100,841 | -€30,368 | -23.1% |
| Financial debts | 170/4 | €131,209 | €100,841 | -€30,368 | -23.1% |
| Amounts payable within one year | 42/48 | €280,809 | €295,425 | +€14,616 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €30,063 | €30,368 | +€305 | +1.0% |
| Trade debts | 44 | €1,436 | €2,158 | +€722 | +50.3% |
| Suppliers | 440/4 | €1,436 | €2,158 | +€722 | +50.3% |
| Taxes, remuneration and social security | 45 | €27,603 | €38,448 | +€10,845 | +39.3% |
| Taxes | 450/3 | €27,603 | €38,448 | +€10,845 | +39.3% |
| Other amounts payable | 47/48 | €221,706 | €224,450 | +€2,744 | +1.2% |
| Accrued charges and deferred income | 492/3 | €0 | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,400 | €36,852 | -€3,548 | -8.8% |
| Other operating charges | 640/8 | €1,270 | €1,302 | +€32 | +2.5% |
| Gross operating margin | 9900 | €321,643 | €343,411 | +€21,767 | +6.8% |
| Operating profit (loss) | 9901 | €279,973 | €305,256 | +€25,284 | +9.0% |
| Financial income | 75/76B | - | €264 | +€264 | |
| Recurring financial income | 75 | - | €264 | +€264 | |
| Financial charges | 65/66B | €2,273 | €4,274 | +€2,001 | +88.0% |
| Recurring financial charges | 65 | €2,273 | €4,274 | +€2,001 | +88.0% |
| Profit (loss) for the period before taxes | 9903 | €277,699 | €301,246 | +€23,546 | +8.5% |
| Income taxes | 67/77 | €67,922 | €72,177 | +€4,255 | +6.3% |
| Profit (loss) for the period | 9904 | €209,778 | €229,069 | +€19,291 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €209,778 | €229,069 | +€19,291 | +9.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.