G.MOONEN: 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.
G.MOONEN
Largest movements
- Intangible fixed assets -€27,362
down €27,362 (-21.2%), from €129,202 to €101,840
- Tangible fixed assets -€26,463
down €26,463 (-13.5%), from €195,532 to €169,069
of which Land and buildings: -€20,615
- Receivables within one year +€15,306
new in 2025: €15,306
- Deferred charges and accrued income -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year -€56,553
down €56,553 (-21.5%), from €263,386 to €206,833
- Profit (loss) carried forward +€14,568
up €14,568 (+68.3%), from -€21,327 to -€6,758
- Other debts -€7,481
down €7,481 (-38.5%), from €19,427 to €11,946
- Trade debts -€5,125
no longer reported in 2025 (was €5,125)
- Gross operating margin +€8,058
up €8,058 (+10.1%), from €79,708 to €87,766
- Financial charges -€2,346
down €2,346 (-15.0%), from €15,623 to €13,277
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 | €337,594 | €286,268 | -€51,326 | -15.2% |
| Fixed assets | 21/28 | €324,735 | €270,909 | -€53,825 | -16.6% |
| Intangible fixed assets | 21 | €129,202 | €101,840 | -€27,362 | -21.2% |
| Tangible fixed assets | 22/27 | €195,532 | €169,069 | -€26,463 | -13.5% |
| Land and buildings | 22 | €137,119 | €116,504 | -€20,615 | -15.0% |
| Plant, machinery and equipment | 23 | €58,414 | €52,565 | -€5,848 | -10.0% |
| Current assets | 29/58 | €12,859 | €15,359 | +€2,500 | +19.4% |
| Amounts receivable within one year | 40/41 | - | €15,306 | +€15,306 | |
| Other amounts receivable | 41 | - | €15,306 | +€15,306 | |
| Cash at bank and in hand | 54/58 | €2,859 | €53 | -€2,806 | -98.2% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €337,594 | €286,268 | -€51,326 | -15.2% |
| Equity | 10/15 | -€8,927 | €5,642 | +€14,568 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,327 | -€6,758 | +€14,568 | +68.3% |
| Amounts payable | 17/49 | €346,521 | €280,627 | -€65,894 | -19.0% |
| Amounts payable after more than one year | 17 | €263,386 | €206,833 | -€56,553 | -21.5% |
| Financial debts | 170/4 | €263,386 | €206,833 | -€56,553 | -21.5% |
| Amounts payable within one year | 42/48 | €78,724 | €68,498 | -€10,226 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €54,173 | €56,553 | +€2,380 | +4.4% |
| Trade debts | 44 | €5,125 | - | -€5,125 | |
| Suppliers | 440/4 | €5,125 | - | -€5,125 | |
| Other amounts payable | 47/48 | €19,427 | €11,946 | -€7,481 | -38.5% |
| Accrued charges and deferred income | 492/3 | €4,410 | €5,295 | +€885 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,998 | €56,038 | +€40 | +0.1% |
| Other operating charges | 640/8 | €3,764 | €3,883 | +€118 | +3.1% |
| Gross operating margin | 9900 | €79,708 | €87,766 | +€8,058 | +10.1% |
| Operating profit (loss) | 9901 | €19,946 | €27,846 | +€7,899 | +39.6% |
| Financial charges | 65/66B | €15,623 | €13,277 | -€2,346 | -15.0% |
| Recurring financial charges | 65 | €15,623 | €13,277 | -€2,346 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €4,323 | €14,568 | +€10,245 | +237% |
| Profit (loss) for the period | 9904 | €4,323 | €14,568 | +€10,245 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €4,323 | €14,568 | +€10,245 | +237% |
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 14 October 2026 via checked.be.