GINO MOOYAERT: 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.
GINO MOOYAERT
Largest movements
- Tangible fixed assets +€34,135
up €34,135 (+224%), from €15,250 to €49,385
of which Furniture and vehicles: +€31,749
- Cash -€28,130
down €28,130 (-14.5%), from €193,550 to €165,420
mainly Contributions, distributions and other (-€46,827) and Investment in fixed assets (net) (-€40,676)
- Other debts +€18,869
up €18,869 (+55.6%), from €33,924 to €52,794
- Tax, wage and social debts -€11,906
down €11,906 (-95.9%), from €12,421 to €515
of which Taxes: -€8,013
- Reserves +€4,931
up €4,931 (+1.7%), from €295,836 to €300,767
of which Distributable reserves: +€4,931
- Trade debts -€4,242
down €4,242 (-97.2%), from €4,366 to €124
- Gross operating margin -€61,660
down €61,660 (-40.9%), from €150,809 to €89,149
- Staff costs -€35,269
down €35,269 (-72.0%), from €49,002 to €13,733
- Taxes -€5,709
down €5,709 (-23.4%), from €24,354 to €18,645
- Depreciation -€4,292
down €4,292 (-39.6%), from €10,834 to €6,541
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 | €365,228 | €372,940 | +€7,712 | +2.1% |
| Fixed assets | 21/28 | €15,250 | €49,385 | +€34,135 | +224% |
| Tangible fixed assets | 22/27 | €15,250 | €49,385 | +€34,135 | +224% |
| Plant, machinery and equipment | 23 | - | €2,386 | +€2,386 | |
| Furniture and vehicles | 24 | €15,250 | €46,999 | +€31,749 | +208% |
| Current assets | 29/58 | €349,978 | €323,555 | -€26,423 | -7.5% |
| Stocks and contracts in progress | 3 | €5,255 | €4,307 | -€948 | -18.0% |
| Stocks | 30/36 | €5,255 | €4,307 | -€948 | -18.0% |
| Amounts receivable within one year | 40/41 | €25,807 | €26,860 | +€1,053 | +4.1% |
| Trade receivables | 40 | €14,951 | €20,505 | +€5,554 | +37.1% |
| Other amounts receivable | 41 | €10,855 | €6,355 | -€4,500 | -41.5% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €193,550 | €165,420 | -€28,130 | -14.5% |
| Deferred charges and accrued income | 490/1 | €366 | €1,968 | +€1,601 | +437% |
| Total equity and liabilities | 10/49 | €365,228 | €372,940 | +€7,712 | +2.1% |
| Equity | 10/15 | €314,436 | €319,367 | +€4,931 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €295,836 | €300,767 | +€4,931 | +1.7% |
| Tax-exempt reserves | 132 | €17,848 | €17,848 | = | 0.0% |
| Distributable reserves | 133 | €277,988 | €282,919 | +€4,931 | +1.8% |
| Amounts payable | 17/49 | €50,792 | €53,573 | +€2,780 | +5.5% |
| Amounts payable within one year | 42/48 | €50,711 | €53,433 | +€2,722 | +5.4% |
| Trade debts | 44 | €4,366 | €124 | -€4,242 | -97.2% |
| Suppliers | 440/4 | €4,366 | €124 | -€4,242 | -97.2% |
| Taxes, remuneration and social security | 45 | €12,421 | €515 | -€11,906 | -95.9% |
| Taxes | 450/3 | €8,527 | €515 | -€8,013 | -94.0% |
| Remuneration and social security | 454/9 | €3,893 | - | -€3,893 | |
| Other amounts payable | 47/48 | €33,924 | €52,794 | +€18,869 | +55.6% |
| Accrued charges and deferred income | 492/3 | €81 | €140 | +€59 | +72.3% |
| Remuneration, social security and pensions | 62 | €49,002 | €13,733 | -€35,269 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,834 | €6,541 | -€4,292 | -39.6% |
| Other operating charges | 640/8 | €1,840 | €1,671 | -€169 | -9.2% |
| Gross operating margin | 9900 | €150,809 | €89,149 | -€61,660 | -40.9% |
| Operating profit (loss) | 9901 | €89,134 | €67,204 | -€21,930 | -24.6% |
| Financial income | 75/76B | €3,522 | €3,722 | +€200 | +5.7% |
| Recurring financial income | 75 | €3,522 | €3,722 | +€200 | +5.7% |
| Financial charges | 65/66B | €647 | €523 | -€124 | -19.2% |
| Recurring financial charges | 65 | €647 | €523 | -€124 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €92,009 | €70,403 | -€21,606 | -23.5% |
| Income taxes | 67/77 | €24,354 | €18,645 | -€5,709 | -23.4% |
| Profit (loss) for the period | 9904 | €67,655 | €51,758 | -€15,896 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,655 | €51,758 | -€15,896 | -23.5% |
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 27 October 2026 via checked.be.