EDWIN MOEHLIG: 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.
EDWIN MOEHLIG
Largest movements
- Receivables within one year -€120,123
down €120,123 (-62.9%), from €190,947 to €70,825
of which Trade receivables: -€120,021
- Cash +€87,502
up €87,502 (+450%), from €19,450 to €106,952
mainly Receivables within one year (+€120,123) and Net result for the year (+€42,743)
- Tangible fixed assets +€41,284
up €41,284 (+5,800%), from €712 to €41,995
of which Furniture and vehicles: +€39,569
- Debts after one year -€45,000
down €45,000 (-100%), from €45,000 to €0
- Reserves +€42,743
up €42,743 (+33.2%), from €128,620 to €171,363
of which Distributable reserves: +€42,743
- Tax, wage and social debts +€12,765
up €12,765 (+76.4%), from €16,714 to €29,479
- Gross operating margin +€50,192
up €50,192 (+707%), from €7,096 to €57,289
- Taxes +€7,882
up €7,882 (+167%), from €4,714 to €12,596
- Financial income -€5,319
down €5,319 (-57.0%), from €9,326 to €4,007
- Financial charges -€3,539
down €3,539 (-42.1%), from €8,410 to €4,871
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 | €212,373 | €220,620 | +€8,247 | +3.9% |
| Fixed assets | 21/28 | €712 | €41,995 | +€41,284 | +5,800% |
| Tangible fixed assets | 22/27 | €712 | €41,995 | +€41,284 | +5,800% |
| Plant, machinery and equipment | 23 | €585 | €2,299 | +€1,714 | +293% |
| Furniture and vehicles | 24 | €127 | €39,697 | +€39,569 | +31,108% |
| Current assets | 29/58 | €211,662 | €178,625 | -€33,037 | -15.6% |
| Amounts receivable within one year | 40/41 | €190,947 | €70,825 | -€120,123 | -62.9% |
| Trade receivables | 40 | €190,846 | €70,825 | -€120,021 | -62.9% |
| Other amounts receivable | 41 | €102 | €0 | -€102 | -100% |
| Cash at bank and in hand | 54/58 | €19,450 | €106,952 | +€87,502 | +450% |
| Deferred charges and accrued income | 490/1 | €1,265 | €849 | -€416 | -32.9% |
| Total equity and liabilities | 10/49 | €212,373 | €220,620 | +€8,247 | +3.9% |
| Equity | 10/15 | €147,220 | €189,963 | +€42,743 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,620 | €171,363 | +€42,743 | +33.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €126,620 | €169,363 | +€42,743 | +33.8% |
| Amounts payable | 17/49 | €65,153 | €30,657 | -€34,496 | -52.9% |
| Amounts payable after more than one year | 17 | €45,000 | €0 | -€45,000 | -100% |
| Financial debts | 170/4 | €45,000 | €0 | -€45,000 | -100% |
| Amounts payable within one year | 42/48 | €20,153 | €30,657 | +€10,504 | +52.1% |
| Trade debts | 44 | €2,255 | €112 | -€2,143 | -95.0% |
| Suppliers | 440/4 | €2,255 | €112 | -€2,143 | -95.0% |
| Taxes, remuneration and social security | 45 | €16,714 | €29,479 | +€12,765 | +76.4% |
| Taxes | 450/3 | €16,714 | €29,479 | +€12,765 | +76.4% |
| Other amounts payable | 47/48 | €1,184 | €1,066 | -€118 | -9.9% |
| Non-recurring operating income | 76A | - | €1,373 | +€1,373 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €419 | €566 | +€147 | +35.0% |
| Other operating charges | 640/8 | €635 | €520 | -€116 | -18.2% |
| Gross operating margin | 9900 | €7,096 | €57,289 | +€50,192 | +707% |
| Operating profit (loss) | 9901 | €6,041 | €56,202 | +€50,161 | +830% |
| Financial income | 75/76B | €9,326 | €4,007 | -€5,319 | -57.0% |
| Recurring financial income | 75 | €9,326 | €4,007 | -€5,319 | -57.0% |
| Financial charges | 65/66B | €8,410 | €4,871 | -€3,539 | -42.1% |
| Recurring financial charges | 65 | €8,410 | €4,871 | -€3,539 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €6,958 | €55,339 | +€48,381 | +695% |
| Income taxes | 67/77 | €4,714 | €12,596 | +€7,882 | +167% |
| Profit (loss) for the period | 9904 | €2,244 | €42,743 | +€40,499 | +1,805% |
| Profit (loss) for the period to be appropriated | 9905 | €2,244 | €42,743 | +€40,499 | +1,805% |
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 24 October 2026 via checked.be.