FILIP 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.
FILIP MOENS
Largest movements
- Tangible fixed assets -€13,973
down €13,973 (-85.3%), from €16,391 to €2,417
of which Furniture and vehicles: -€12,694
- Receivables within one year +€11,031
up €11,031 (+132%), from €8,333 to €19,365
- Current investments +€9,397
up €9,397 (+13.3%), from €70,815 to €80,211
- Deferred charges and accrued income -€6,084
no longer reported in 2025 (was €6,084)
- Cash +€5,901
up €5,901 (+2.3%), from €253,199 to €259,100
mainly Other debts (+€73,340) and Depreciation (+€12,694)
- Reserves -€76,759
down €76,759 (-28.4%), from €270,392 to €193,633
- Other debts +€73,340
up €73,340 (+100%), from €73,094 to €146,434
- Tax, wage and social debts +€11,720
new in 2025: €11,720
of which Taxes: +€10,154
- Gross operating margin +€20,501
up €20,501, from -€2,433 to €18,068
- Financial income -€10,338
down €10,338 (-44.5%), from €23,244 to €12,906
- Financial charges +€6,721
up €6,721 (+2,032%), from €331 to €7,052
- Other operating charges -€3,026
down €3,026 (-91.1%), from €3,321 to €295
- Taxes +€2,251
up €2,251 (+119%), from €1,891 to €4,142
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 | €354,822 | €361,093 | +€6,272 | +1.8% |
| Fixed assets | 21/28 | €16,391 | €2,417 | -€13,973 | -85.3% |
| Tangible fixed assets | 22/27 | €16,391 | €2,417 | -€13,973 | -85.3% |
| Land and buildings | 22 | €1,280 | - | -€1,280 | |
| Furniture and vehicles | 24 | €15,111 | €2,417 | -€12,694 | -84.0% |
| Current assets | 29/58 | €338,431 | €358,676 | +€20,245 | +6.0% |
| Amounts receivable within one year | 40/41 | €8,333 | €19,365 | +€11,031 | +132% |
| Trade receivables | 40 | €8,333 | €19,365 | +€11,031 | +132% |
| Current investments | 50/53 | €70,815 | €80,211 | +€9,397 | +13.3% |
| Cash at bank and in hand | 54/58 | €253,199 | €259,100 | +€5,901 | +2.3% |
| Deferred charges and accrued income | 490/1 | €6,084 | - | -€6,084 | |
| Total equity and liabilities | 10/49 | €354,822 | €361,093 | +€6,272 | +1.8% |
| Equity | 10/15 | €276,592 | €199,833 | -€76,759 | -27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,392 | €193,633 | -€76,759 | -28.4% |
| Distributable reserves | 133 | €270,392 | €193,633 | -€76,759 | -28.4% |
| Amounts payable | 17/49 | €78,229 | €161,260 | +€83,031 | +106% |
| Amounts payable within one year | 42/48 | €75,915 | €158,862 | +€82,947 | +109% |
| Trade debts | 44 | €2,821 | €709 | -€2,112 | -74.9% |
| Suppliers | 440/4 | €2,821 | €709 | -€2,112 | -74.9% |
| Taxes, remuneration and social security | 45 | - | €11,720 | +€11,720 | |
| Taxes | 450/3 | - | €10,154 | +€10,154 | |
| Remuneration and social security | 454/9 | - | €1,566 | +€1,566 | |
| Other amounts payable | 47/48 | €73,094 | €146,434 | +€73,340 | +100% |
| Accrued charges and deferred income | 492/3 | €2,314 | €2,398 | +€84 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,570 | €12,694 | -€876 | -6.5% |
| Other operating charges | 640/8 | €3,321 | €295 | -€3,026 | -91.1% |
| Gross operating margin | 9900 | -€2,433 | €18,068 | +€20,501 | |
| Operating profit (loss) | 9901 | -€19,324 | €5,079 | +€24,403 | |
| Financial income | 75/76B | €23,244 | €12,906 | -€10,338 | -44.5% |
| Recurring financial income | 75 | €23,244 | €12,906 | -€10,338 | -44.5% |
| Financial charges | 65/66B | €331 | €7,052 | +€6,721 | +2,032% |
| Recurring financial charges | 65 | €331 | €7,052 | +€6,721 | +2,032% |
| Profit (loss) for the period before taxes | 9903 | €3,590 | €10,934 | +€7,344 | +205% |
| Income taxes | 67/77 | €1,891 | €4,142 | +€2,251 | +119% |
| Profit (loss) for the period | 9904 | €1,699 | €6,791 | +€5,092 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | €6,791 | +€5,092 | +300% |
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 28 October 2026 via checked.be.