DR. 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. MOENS
Largest movements
- Current investments +€50,000
up €50,000 (+22.2%), from €225,000 to €275,000
- Receivables within one year +€16,236
up €16,236 (+633.4%), from €2,563 to €18,799
- Tangible fixed assets +€13,434
up €13,434 (+982.4%), from €1,368 to €14,802
of which Other tangible fixed assets: +€14,227
- Deferred charges and accrued income -€5,971
down €5,971 (-14.4%), from €41,334 to €35,363
- Reserves +€81,053
up €81,053 (+28.0%), from €289,781 to €370,835
- Tax, wage and social debts -€9,229
down €9,229 (-49.7%), from €18,556 to €9,327
- Taxes -€7,081
down €7,081 (-13.7%), from €51,632 to €44,552
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 | €328,568 | €403,058 | +€74,490 | +22.7% |
| Fixed assets | 21/28 | €3,291 | €16,730 | +€13,439 | +408.4% |
| Tangible fixed assets | 22/27 | €1,368 | €14,802 | +€13,434 | +982.4% |
| Plant, machinery and equipment | 23 | €1,368 | €575 | -€792 | -57.9% |
| Other tangible fixed assets | 26 | - | €14,227 | +€14,227 | |
| Financial fixed assets | 28 | €1,923 | €1,928 | +€5 | +0.3% |
| Current assets | 29/58 | €325,278 | €386,328 | +€61,050 | +18.8% |
| Amounts receivable within one year | 40/41 | €2,563 | €18,799 | +€16,236 | +633.4% |
| Other amounts receivable | 41 | €2,563 | €18,799 | +€16,236 | +633.4% |
| Current investments | 50/53 | €225,000 | €275,000 | +€50,000 | +22.2% |
| Cash at bank and in hand | 54/58 | €56,380 | €57,166 | +€785 | +1.4% |
| Deferred charges and accrued income | 490/1 | €41,334 | €35,363 | -€5,971 | -14.4% |
| Total equity and liabilities | 10/49 | €328,568 | €403,058 | +€74,490 | +22.7% |
| Equity | 10/15 | €308,381 | €389,435 | +€81,053 | +26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €289,781 | €370,835 | +€81,053 | +28.0% |
| Distributable reserves | 133 | €289,781 | €370,835 | +€81,053 | +28.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,187 | €13,623 | -€6,564 | -32.5% |
| Amounts payable within one year | 42/48 | €20,187 | €13,623 | -€6,564 | -32.5% |
| Trade debts | 44 | €1,631 | €4,296 | +€2,665 | +163.4% |
| Suppliers | 440/4 | €1,631 | €4,296 | +€2,665 | +163.4% |
| Taxes, remuneration and social security | 45 | €18,556 | €9,327 | -€9,229 | -49.7% |
| Taxes | 450/3 | €18,556 | €9,327 | -€9,229 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €1,311 | +€501 | +61.8% |
| Other operating charges | 640/8 | €118 | €507 | +€389 | +329.9% |
| Gross operating margin | 9900 | €139,868 | €138,836 | -€1,032 | -0.7% |
| Operating profit (loss) | 9901 | €138,940 | €137,018 | -€1,922 | -1.4% |
| Financial income | 75/76B | €1,921 | €1,239 | -€683 | -35.5% |
| Recurring financial income | 75 | €1,921 | €1,239 | -€683 | -35.5% |
| Financial charges | 65/66B | €237 | €437 | +€200 | +84.6% |
| Recurring financial charges | 65 | €237 | €437 | +€200 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €140,624 | €137,819 | -€2,805 | -2.0% |
| Income taxes | 67/77 | €51,632 | €44,552 | -€7,081 | -13.7% |
| Profit (loss) for the period | 9904 | €88,992 | €93,268 | +€4,276 | +4.8% |
| Transfer from tax-exempt reserves | 789 | €17,743 | €0 | -€17,743 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €106,735 | €93,268 | -€13,468 | -12.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.