DR. MOELANS ANN: 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.
DR. MOELANS ANN
Largest movements
- Cash +€34,654
up €34,654 (+28.8%), from €120,513 to €155,168
mainly Net result for the year (+€100,119) and Tax, wage and social debts (+€18,393)
- Deferred charges and accrued income -€5,735
down €5,735 (-12.0%), from €47,616 to €41,882
- Reserves +€25,574
up €25,574 (+18.8%), from €136,089 to €161,662
- Tax, wage and social debts +€18,393
up €18,393 (+97.7%), from €18,831 to €37,224
- Other debts -€12,587
down €12,587 (-41.8%), from €30,087 to €17,500
- Short-term financial debts -€6,761
down €6,761 (-100.0%), from €6,761 to €0
- Gross operating margin +€14,772
up €14,772 (+11.0%), from €133,795 to €148,567
- Taxes +€2,111
up €2,111 (+5.4%), from €39,000 to €41,110
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 | €200,361 | €226,617 | +€26,256 | +13.1% |
| Fixed assets | 21/28 | €27,621 | €26,002 | -€1,620 | -5.9% |
| Tangible fixed assets | 22/27 | €27,621 | €26,002 | -€1,620 | -5.9% |
| Furniture and vehicles | 24 | €5,178 | €6,265 | +€1,087 | +21.0% |
| Other tangible fixed assets | 26 | €22,443 | €19,736 | -€2,707 | -12.1% |
| Current assets | 29/58 | €172,740 | €200,615 | +€27,875 | +16.1% |
| Amounts receivable within one year | 40/41 | €4,611 | €3,566 | -€1,045 | -22.7% |
| Trade receivables | 40 | €4,611 | €3,566 | -€1,045 | -22.7% |
| Cash at bank and in hand | 54/58 | €120,513 | €155,168 | +€34,654 | +28.8% |
| Deferred charges and accrued income | 490/1 | €47,616 | €41,882 | -€5,735 | -12.0% |
| Total equity and liabilities | 10/49 | €200,361 | €226,617 | +€26,256 | +13.1% |
| Equity | 10/15 | €142,289 | €167,862 | +€25,574 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,089 | €161,662 | +€25,574 | +18.8% |
| Distributable reserves | 133 | €136,089 | €161,662 | +€25,574 | +18.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €58,073 | €58,755 | +€682 | +1.2% |
| Amounts payable within one year | 42/48 | €58,073 | €58,755 | +€682 | +1.2% |
| Financial debts | 43 | €6,761 | €0 | -€6,761 | -100.0% |
| Credit institutions | 430/8 | €6,761 | €0 | -€6,761 | -100.0% |
| Trade debts | 44 | €2,393 | €4,031 | +€1,638 | +68.4% |
| Suppliers | 440/4 | €2,393 | €4,031 | +€1,638 | +68.4% |
| Taxes, remuneration and social security | 45 | €18,831 | €37,224 | +€18,393 | +97.7% |
| Taxes | 450/3 | €18,831 | €37,224 | +€18,393 | +97.7% |
| Other amounts payable | 47/48 | €30,087 | €17,500 | -€12,587 | -41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,858 | €4,962 | +€104 | +2.1% |
| Other operating charges | 640/8 | €1,115 | €1,025 | -€91 | -8.1% |
| Gross operating margin | 9900 | €133,795 | €148,567 | +€14,772 | +11.0% |
| Operating profit (loss) | 9901 | €127,822 | €142,580 | +€14,758 | +11.5% |
| Financial income | 75/76B | €576 | €724 | +€148 | +25.7% |
| Recurring financial income | 75 | €576 | €724 | +€148 | +25.7% |
| Financial charges | 65/66B | €2,855 | €2,075 | -€780 | -27.3% |
| Recurring financial charges | 65 | €2,855 | €2,075 | -€780 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €125,543 | €141,229 | +€15,687 | +12.5% |
| Income taxes | 67/77 | €39,000 | €41,110 | +€2,111 | +5.4% |
| Profit (loss) for the period | 9904 | €86,543 | €100,119 | +€13,576 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,543 | €100,119 | +€13,576 | +15.7% |
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 8 October 2026 via checked.be.